What was the total balance of P. Guida's equity in Canine Dimensions as of January 1, 2022?
Canine_Dimensions Franchise · 2025 FDDAnswer from 2025 FDD Document
| P. Guida | TOTAL | |
|---|---|---|
| Balance-January 1, 2022 | 483,569 | 483,569 |
| Contributions | - | - |
| Distributions to Member's | (505,656) | (505,656) |
| Net Income | 209,365 | 209,365 |
| Balance-December 31, 2022 | 187,278 | 187,278 |
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 35)
What This Means (2025 FDD)
According to Canine Dimensions' 2025 Franchise Disclosure Document, P. Guida's equity balance as of January 1, 2022, was $483,569. This figure also represents the total equity balance for Canine Dimensions at that time.
Throughout 2022, there were no additional contributions made. However, distributions to members totaled $505,656. Despite these distributions, Canine Dimensions experienced a net income of $209,365 during the year.
As a result of these financial activities, the equity balance at the end of December 31, 2022, was $187,278. This reflects the initial balance, less distributions, plus the net income generated during the year. These figures provide a snapshot of the financial transactions affecting member's equity within Canine Dimensions during that period.