What was the total balance for Canine Dimensions on December 31, 2024?
Canine_Dimensions Franchise · 2025 FDDAnswer from 2025 FDD Document
| P. Guida | TOTAL | |
|---|---|---|
| Balance-January 1, 2023 | 187,278 | 187,278 |
| Contributions | 5,000 | 5,000 |
| Distributions to Member's | (145,075) | (145,075) |
| Net Income | 293,881 | 293,881 |
| Balance-December 31, 2023 | 341,084 | 341,084 |
| Contributions from Member | 3,124 | 3,124 |
| Distributions to Member | (161,720) | (161,720) |
| Net Income | 228,665 | 228,665 |
| Balance-December 31, 2024 | 411,153 | 411,153 |
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 35)
What This Means (2025 FDD)
According to Canine Dimensions' 2025 Franchise Disclosure Document, the total balance on December 31, 2024, was $411,153. This figure represents the culmination of several financial activities throughout the year, including contributions from members, distributions to members, and net income. Understanding the components that contribute to this balance is crucial for prospective franchisees.
The balance is influenced by contributions from members, which totaled $3,124 during 2024. These contributions increase the overall equity of Canine Dimensions. Conversely, distributions to members, amounting to $161,720, reduce the balance. These distributions represent payments made to the members from the company's earnings.
Net income also plays a significant role, adding $228,665 to the balance. Net income reflects the profitability of Canine Dimensions over the year. The interplay of these factors—contributions, distributions, and net income—determines the final balance, providing a snapshot of the company's financial health at the end of the year. Reviewing these changes in equity can provide insight into the financial management and stability of Canine Dimensions.