What was the amount of non-voting common stock for Aunt Millies Bakeries on October 1, 2021?
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) 6,501,368 23,227,730 - (12,497,403) | 1 |
|---|---|---|---|---|---|
| Balance September 30, 2024 31,406 $ 15,703 3,423,254 | $ 141,327 | $ 8,070,989 | $ 1,398,589 | $ 17,231,695 | κ»∥ |
Both the voting and non-voting common stock have no par value. At September 30, 2024 and 2023, the voting common stock had 31,406 shares authorized, while the non-voting common stock had 3,423,254 shares authorized.
PERFECTION BAKERIES, INC.
CONSOLIDATED FINANCIAL STATEMENTS September 30, 2023 and 2022
PERFECTION BAKERIES, INC. Fort Wayne, Indiana
CONSOLIDATED FINANCIAL STATEMENTS September 30, 2023 and 2022
CONTENTS
| INDEPENDENT AUDITOR'S REPORT | 1 |
|---|---|
| CONCOLIDATED FINANCIAL CTATEMENTS. | |
| CONSOLIDATED FINANCIAL STATEMENTS: | 2 |
| CONSOLIDATED BALANCE SHEETS | |
| CONSOLIDATED STATEMENTS OF OPERATIONS | |
| CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) | |
| CONSOLIDATED STATEMENTS OF CASH FLOWS | |
| NOTES TO CONSOLIDATED FINANCIAL STATEMENTS | 8 |
INDEPENDENT AUDITOR'S REPORT
Board of Directors Perfection Bakeries, Inc. Fort Wayne, Indiana
Opinion
We have audited the consolidated financial statements of Perfection Bakeries, Inc., which comprise the consolidated balance sheets as of September 30, 2023 and 2022, and the related consolidated statements of operations, comprehensive income (loss), and cash flows for the years then ended, and the related notes to the financial statements.
In our opinion, the accompanying consolidated financial statements present fairly, in all material respects, the financial position of Perfection Bakeries, Inc.
Source: Item 23 — RECEIPT (FDD pages 44–196)
What This Means (2025 FDD)
According to Aunt Millies Bakeries's 2025 Franchise Disclosure Document, on October 1, 2021, the amount for non-voting common stock was $141,327, with 3,423,254 shares. Additionally, the amount for voting common stock was $15,703, with 31,406 shares.
These figures represent the company's equity structure at that specific point in time. For a prospective franchisee, this information provides insight into the financial structure of Aunt Millies Bakeries. Understanding the number of authorized shares and the corresponding amounts can be useful in assessing the overall capitalization of the company.
It's important to note that these values are specific to the balance on October 1, 2021, and may have changed since then. Monitoring changes in the company's equity structure over time can provide a more comprehensive understanding of its financial management and potential risks or opportunities for franchisees.