What was the balance of Beauty Bungalows as of January 1, 2022?
Beauty_Bungalows Franchise · 2025 FDDAnswer from 2025 FDD Document
$ (85,311) | $ | (68,334) |
For the Year Ended December 31, 2023 and 2022 Beauty Bungalows Franchising, LLC STATEMENT OF CHANGES IN MEMBERS' EQUITY
| BALANCE, January 1, 2022 | $ 25,040 |
|---|---|
| Capital contributions | 206,568 |
| Capital distributions | (39,041) |
| Net loss | (68,334) |
| BALANCE, December 31, 2022 | $ 124,233 |
| Capital contr |
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 47)
What This Means (2025 FDD)
According to Beauty Bungalows's 2025 Franchise Disclosure Document, the balance as of January 1, 2022, was $25,040. This figure represents the company's financial standing at the beginning of the 2022 fiscal year. The document provides a detailed breakdown of how this balance changed over the course of the year.
The statement of changes in members' equity shows that during 2022, Beauty Bungalows received capital contributions of $206,568 and distributed $39,041. Additionally, the company experienced a net loss of $68,334 during the same period. These transactions and the net loss impacted the overall equity.
By the end of December 31, 2022, Beauty Bungalows's balance was $124,233. This reflects the initial balance, the capital contributions, the distributions, and the net loss incurred throughout the year. Reviewing these figures helps prospective franchisees understand the financial activities and performance of Beauty Bungalows during that period.