What was the total stockholder's equity for All Team as of December 31, 2022?
All_Team Franchise · 2025 FDDAnswer from 2025 FDD Document
r Income (Expenses) | 559,855 | 313,671 | | NET INCOME | $ 201,944 | $ 224,177 |
ALL TEAM FRANCHISE CORPORATION STATEMENT OF CHANGES IN STOCKHOLDER'S EQUITY
FOR THE YEARS ENDED DECEMBER 31, 2023 AND 2022
| Balance at December 31, 2021 | $ 1,000 | $ 119,000 | $ | 311,577 | $ | 431,577 |
|---|---|---|---|---|---|---|
| Net income | 224,177 | 224,177 | ||||
| Stockholder distributions | (8,392) | (8,392) | ||||
| Balance at December 31, 2022 | 1,000 | 1 |
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 33)
What This Means (2025 FDD)
According to All Team's 2025 Franchise Disclosure Document, the total stockholder's equity as of December 31, 2022, was $647,362. This figure is derived from the sum of several components, including common stock valued at $1,000, additional paid-in capital of $119,000, and retained earnings of $527,362.
Stockholder's equity represents the residual value of assets available to shareholders after all liabilities have been settled. It is a key indicator of the company's financial health and stability. For prospective franchisees, a higher stockholder's equity generally suggests a more financially robust franchisor.
It is important to note that this figure reflects the financial position of All Team at a specific point in time. The stockholder's equity can fluctuate due to various factors, such as net income, stockholder distributions, and other equity-related transactions. Therefore, prospective franchisees should review the trend in stockholder's equity over several years to gain a more comprehensive understanding of the company's financial performance.