What was the amount of the common stock, non-voting, for Aunt Millies Bakeries as of September 30, 2023?
Aunt_Millies_Bakeries Franchise · 2025 FDDAnswer from 2025 FDD Document
ncome (loss) - Effective Portion | - | (281,013) | | Gain recognized in net income - Ineffective portion | 239,862 | 177,184 |
NOTE 14 - RELATED PARTY TRANSACTIONS
The Company has subordinated debt through stockholders and has various leases with related parties. Refer to Note 5 and Note 6 for further information of the related party debt and lease transactions, respectively.
NOTE 15 - STOCKHOLDERS' EQUITY
Changes in stockholders' equity for the years ended September 30, 2024 and 2023 is as follows:
| Noting Non- | Non-voting Common Stock ser Amount 23,254 141,327 | Contributed Capital 8,070,989 | Accumulated Other Comprehensive Income 841,826 556,711 (281,013) 1,117,524 1,117,524 | Retained Earnings (Accumulated Deficit) (2,751,414) $ 14,199,697 - (4,946,915) 6,5
Source: Item 23 — RECEIPT (FDD pages 44–196)
What This Means (2025 FDD)
According to Aunt Millies Bakeries's 2025 Franchise Disclosure Document, as of September 30, 2023, the non-voting common stock had 3,423,254 shares authorized. The amount for the non-voting common stock as of September 30, 2023 was $141,327.
This indicates the total value assigned to the authorized non-voting shares on the company's balance sheet at that specific point in time. It reflects the capital raised through the issuance of these shares.
For a prospective franchisee, this information provides insight into the company's capital structure and financial health. While non-voting shares do not grant the holder voting rights, they still represent an ownership stake in the company. Reviewing these figures over time, as presented in the table, can reveal trends in the company's equity and capitalization strategies.