What was the additional paid-in capital for Best Brains as of December 31, 2022?
Best_Brains Franchise · 2025 FDDAnswer from 2025 FDD Document
| December 31, 2024 | December 31, 2023 | |
|---|---|---|
| Revenue | ||
| Franchise fees | $ 77,987 | $ 75,983 |
| Royalty Income | 4,075,600 | 3,502,324 |
| Tuition fees | 1,101,650 | - |
| Material charges | 2,824,687 | 1,974,379 |
| Other operating income | 653,611 | 582,654 |
| Gross Income | 8,733,534 | 6,135,341 |
| Expenses | ||
| Software expense | 1,107,354 | 893,316 |
| Payroll expense | 1,364,838 | 1,124,746 |
| Tuition Fee Reimbursement | 1,103,757 | - |
| Material development charges | 895,686 | 892,640 |
| Contractor's payment | 842,453 | 317,037 |
| Bad debt | 464,041 | - |
| Advertising and marketing | 441,906 | 311,486 |
| Supplies | 381,648 | 283,847 |
| Rent | 275,834 | 286,147 |
| Legal and professional fees | 271,716 | 222,915 |
| Office expense | 248,265 | 205,009 |
| Travel | 157,219 | 203,700 |
| Outside services | 147,209 | 768,500 |
| Insurance | 140,216 | 120,390 |
| Interest expense | 137,921 | 14,001 |
| Payroll taxes | 104,997 | 85,900 |
| Depreciation | 77,662 | 54,176 |
| Shipping and customs | 74,549 | 76,848 |
| Dues and subscriptions | 58,659 | 40,966 |
| Repairs and maintainence | 54,803 | 42,157 |
| Postage | 50,279 | 36,227 |
| Meals and entertainment | 47,496 | 70,512 |
| Commission expense | 29,473 | 22,111 |
| Taxes and license | 9,998 | 55,798 |
| Bank and merchant processing fees | 29,268 | 31,986 |
| Utilities | 25,095 | 13,583 |
| 24,194 | (1,440) | |
| Event expense | ||
| Automobile expense | 11,551 | - |
| Telephone | 7,010 | 5,785 |
| Licenses and permits | 6,056 | 262 |
| Contribution | 1,213 | 4,351 |
| Total Expenses | 8,592,366 | 6,182,958 |
| Income From Ope |
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 42)
What This Means (2025 FDD)
According to Best Brains' 2025 Franchise Disclosure Document, the additional paid-in capital as of December 31, 2023 and December 31, 2024 was $121,375.
Additional paid-in capital represents the amount by which the money raised from issuing stock exceeds the stock's par value. It reflects the capital invested by shareholders above the nominal value of the shares. For Best Brains, this indicates the total investment made by shareholders beyond the stated value of the company's stock.
It's important to note that the provided financial statements do not explicitly list the additional paid-in capital for December 31, 2022. However, given that the amounts for December 31, 2023 and December 31, 2024 are both $121,375, it suggests that this figure remained constant during that period. A prospective franchisee might want to confirm this with Best Brains to ensure accuracy for their financial planning.