What was the amount of common stock for Carbones Pizzeria as of October 31, 2021?
Carbones_Pizzeria Franchise · 2025 FDDAnswer from 2025 FDD Document
| Net income | $ 179,901 |
M&T PIZZA INCORPORATED AND SUBSIDIARIES Consolidated Statement of Changes in Stockholder's Equity For the Year Ended October 31, 2023
| Commo Shares | on Stock Amount | Common Stock nares Amount | Retained Earnings | Treasury stock | Total Equity | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance, October 31, 2022 | 2,500 | $ | 2,500 | $ 266,117 | $ | 707,489 | $ | (34,556) | $ | 941,550 | ||
| Net income | 179,901 | 179,901 | ||||||||||
| Balance, October 31, 2023 | 2,500 | $ | 2,500 | $ 266,117 | $ | 887,390 | $ | (34,556) | $ | 1,121,451 |
M&T PIZZA INCORPORATED AND SUBSIDIARIES Consolidated Statement of Cash Flows For the Year Ended October 31, 2023
| Net income | $ 179,901 |
|---|---|
| Adjustments to reconcile net income to net cash | |
| provided by operating activities | |
| Depreciation and amortization expense | 35,738 |
| Deferred income taxes | (13,000) |
| (Increase) decrease in operating assets | |
| Accounts receivable | (55,096) |
| Accounts receivable, related parties | (62,349) |
| Prepaid expenses | 5,485 |
| Prepaid income taxes | 4,516 |
| Increase (decrease) in operating liabilities |
Source: Item 22 — CONTRACTS (FDD page 30)
What This Means (2025 FDD)
According to Carbones Pizzeria's 2025 Franchise Disclosure Document, the provided excerpts do not contain the specific amount of common stock as of October 31, 2021. However, the FDD includes consolidated financial statements for the years ended October 31, 2023 and October 31, 2024, which detail common stock shares and amounts, additional paid-in capital, retained earnings, treasury stock, and total equity.
For example, the balance sheet as of October 31, 2023, shows 2,500 common shares with a corresponding amount of $2,500 and additional paid-in capital of $266,117. The balance sheet as of October 31, 2024, also shows 2,500 common shares with a corresponding amount of $2,500 and additional paid-in capital of $266,117. These figures provide a snapshot of the company's equity structure in those specific years.
A prospective franchisee should request the franchisor to provide the common stock information as of October 31, 2021, to understand the company's financial position at that time. Understanding the trend in common stock and equity over several years can help a franchisee assess the financial stability and growth of Carbones Pizzeria.