What was the balance of non-voting common stock for Aunt Millies Bakeries on September 30, 2024?
Aunt_Millies_Bakeries Franchise · 2025 FDDAnswer from 2025 FDD Document
| LIABILITIES | 2024 | 2023 | ||
|---|---|---|---|---|
| STOCKHOLDERS' EQUITY | ||||
| Common stock, voting | 15,703 | 15,703 | ||
| Common stock, non-voting | 141,327 | 141,327 |
Source: Item 23 — RECEIPT (FDD pages 44–196)
What This Means (2025 FDD)
According to Aunt Millies Bakeries' 2025 Franchise Disclosure Document, the balance of non-voting common stock on September 30, 2024, was $141,327. At that time, there were 3,423,254 shares of non-voting common stock authorized. The voting common stock balance was $15,703 with 31,406 shares authorized.
This information is part of the consolidated balance sheets of Perfection Bakeries, Inc., which includes Aunt Millie's. The balance sheet provides a snapshot of the company's assets, liabilities, and equity at a specific point in time. For a prospective franchisee, this indicates the financial structure of the company.
Understanding the different classes of stock (voting vs. non-voting) can be important. Voting stock typically gives shareholders the right to vote on company matters, while non-voting stock does not. The amount of authorized shares indicates the number of shares that the company is legally allowed to issue. These figures are components of the overall stockholders' equity, which reflects the owners' stake in the company.
Reviewing the balance sheets over several years, as presented in the FDD, can provide insights into the company's financial trends and stability. A potential franchisee should analyze these figures in conjunction with other financial statements and information provided in the FDD to assess the overall financial health of Aunt Millies Bakeries.