What was the balance of Buildingstars' common stock as of January 1, 2022?
Buildingstars Franchise · 2025 FDDAnswer from 2025 FDD Document
| Years Ended December 31, | |||||
|---|---|---|---|---|---|
| 2024 | 2023 | 2022 | |||
| REVENUE | $ 83,617,433 | $ 76,205,348 | $ 70,164,196 | ||
| COST OF REVENUE | 60,705,321 | 55,325,794 | 50,810,089 | ||
| GROSS MARGIN | 22,912,112 | 20,879,554 | 19,354,107 | ||
| OPERATING EXPENSES | 13,674,903 | 12,509,619 | 11,453,047 | ||
| General and administrative expenses | 477,716 | 469,583 | 387,132 | ||
| Depreciation and amortization | 14,152,619 | 12,979,202 | 11,840,179 | ||
| OTHER INCOME | |||||
| Employee retention credit, net | - | 327,366 | - | ||
| NET INCOME | $ 8,759,493 | $ 8,227,718 | $ 7,513,928 |
BUILDINGSTARS INTERNATIONAL, INC. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDER'S EQUITY Years Ended December 31, 2024, 2023 and 2022
| | Commo
Source: Item 20 — OUTLETS AND FRANCHISEE INFORMATION (FDD pages 34–43)
What This Means (2025 FDD)
According to Buildingstars' 2025 Franchise Disclosure Document, the balance of the company's common stock as of January 1, 2022, was $500. This figure represents the value of the company's issued common stock at the beginning of the fiscal year. It's important to note that this value is distinct from other components of stockholder's equity, such as paid-in capital and retained earnings.
For a prospective Buildingstars franchisee, this information provides a snapshot of the company's equity structure. The relatively low value of common stock, in this case, suggests that the company's equity is primarily composed of paid-in capital and retained earnings, which can be indicators of the company's financial history and profitability.
It is also important to consider the overall stockholder's equity, which includes common stock, paid-in capital, and retained earnings, to get a comprehensive view of the company's financial position. In Buildingstars' case, the total stockholder's equity at the beginning of 2022 was $5,678,784. This broader perspective can help potential franchisees assess the financial stability and long-term viability of the franchise system.