What was the total stockholders' equity for Aunt Millies Bakeries as of September 30, 2022?
Aunt_Millies_Bakeries Franchise · 2025 FDDAnswer from 2025 FDD Document
in other comprehensive income (loss) - Effective Portion | (281,013) | 307,182 | | Gain recognized in net income - Ineffective portion | 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, 2023 and 2022 is as follows:
| Total Equity | $ 11,736,622 (5,256,940) | (458,749) | 307,182 (9,684) | 6,318,431 | 14,199,697 | (281,013) (4,946,915) | $ 15,846,911 | |
|---|---|---|---|---|---|---|---|---|
| Retained | (Accumulated Deficit) | 2,515,210 (5,256,940) | • | _ | (2,751,414) | 14, 199,097 | (4,946,915) | $ 6,501,368 |
| Earnings | (9,684) | |||||||
| Accumulated | prehensive | 993,393 | (458,749) | 307,182 | 841,826 | 556,711 | (281,013) | $ 1,117,524 |
| Other Com- | Income | |||||||
| Contributed Capital | 8,070,989 | • | 8,070,989 | , , | $ 8,070,989 | |||
| ting | Amount | 141,327 | ' | 1 1 | 141,327 | $ 141,327 | ||
| Stock | ||||||||
| Non-voting | Number | 3,423,254 | a | 1 1 | 3,423,254 | 3,423,254 | ||
| Common Stock | of |
Source: Item 23 — RECEIPT (FDD pages 44–196)
What This Means (2025 FDD)
According to Aunt Millies Bakeries's 2025 Franchise Disclosure Document, the total equity as of September 30, 2022, was $14,199,697. The FDD includes consolidated financial statements for Perfection Bakeries, Inc., which includes Aunt Millie's. The provided table outlines changes in equity from October 1, 2021, to September 30, 2023, detailing various factors affecting equity, such as net loss, other comprehensive income, and distributions to stockholders.
For a prospective franchisee, understanding the equity trends of Aunt Millies Bakeries can provide insights into the company's financial stability and performance. A healthy equity position generally indicates a strong financial foundation, which can be reassuring for franchisees investing in the brand. The table also breaks down the components of equity, including retained earnings, accumulated other comprehensive income, and contributed capital, offering a more detailed view of the company's financial structure.
However, it's important to note that the table presents a consolidated view, encompassing Perfection Bakeries, Inc. and its subsidiaries. While this provides an overall picture, franchisees may want to inquire about the specific financial performance and equity of Aunt Millie's operations to gain a more focused understanding. Additionally, changes in accounting standards, as noted in the auditor's report, could impact the presentation and interpretation of these financial statements.
Therefore, while the FDD provides a snapshot of Aunt Millies Bakeries's equity position, prospective franchisees should conduct thorough due diligence, including consulting with financial advisors, to fully assess the financial health and stability of the franchise system. Understanding the factors that influence equity, such as profitability, asset management, and debt levels, is crucial for making informed investment decisions.