What is the par value of common stock for Carbones Pizzeria?
Carbones_Pizzeria Franchise · 2025 FDDAnswer from 2025 FDD Document
cant audit findings, and certain internal control related matters that we identified during the audit.
Sherman Oaks, California March 20, 2023
(SfT/.,U-P
Consolidated Balance Sheet October 31, 2022
ASSETS
| Cash and equivalents | $ 102,916 |
|---|---|
| Accounts receivable, net | 232,832 |
| Due from stockholder | 474,805 |
| Accounts receivable-related party | 45,140 |
| Inventory | 3,650 |
| Prepaid expenses | 24,490 |
| Prepaid income taxes | 4,516 |
| Total current assets | 888,349 |
| Property and equipment, net | |
| Furniture and equipment | 285,008 |
| Land and building improvements | 102,667 387,675 |
| Less accumulated depreciation and amortization | (295,899) 91,776 |
| Note receivable | 60,500 |
| Total assets | $ 1,040,625 |
| LIABILITIES AND STOCKHOLDER'S EQUITY | |
| Current liabilities | |
| Accrued expenses | $ 18,566 |
| Accrued income taxes | 80,509 |
| Total current liabilities | 99,075 |
| Stockholder's equity | |
| Common stock - $1.00 par value; authorized, 25,000 shares; |
Source: Item 22 — CONTRACTS (FDD page 30)
What This Means (2025 FDD)
According to Carbones Pizzeria's 2025 Franchise Disclosure Document, the par value of the company's common stock is $1.00. This is based on the financial data provided in the balance sheet. There are 25,000 shares authorized, with 2,500 shares currently issued and outstanding.
The common stock information is listed under the Stockholder's equity section of the liabilities and equity statement. In addition to the common stock, the stockholder's equity includes additional paid-in capital of $266,117, retained earnings of $707,489, and treasury stock at cost of ($34,556). This results in a total stockholder's equity of $941,550.
Understanding the par value and the number of shares is essential for assessing the company's capitalization structure. While the par value is a nominal amount, it's a component of the overall stockholder's equity, which reflects the ownership stake in Carbones Pizzeria. A prospective franchisee may want to further investigate the company's equity structure and any potential implications for future distributions or equity changes.