What amount of common stock shares did Carbones Pizzeria have on 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 |
Source: Item 22 — CONTRACTS (FDD page 30)
What This Means (2025 FDD)
According to Carbones Pizzeria's 2025 Franchise Disclosure Document, the number of common stock shares as of October 31, 2022, was 2,500. The document also indicates the common stock shares as of October 31, 2023, remained at 2,500.
While the provided FDD excerpt does not explicitly state the number of common stock shares for October 31, 2021, it does provide figures for the subsequent years. Assuming no changes in the common stock shares between October 31, 2021, and October 31, 2022, one might infer that the number of shares was also 2,500 on October 31, 2021. However, this is only an assumption.
A prospective Carbones Pizzeria franchisee should verify this information with the franchisor to confirm the exact number of common stock shares for October 31, 2021, to gain a clearer understanding of the company's equity structure during that period.