What was the total additional paid-in capital for City Publications on December 31, 2021?
City_Publications Franchise · 2025 FDDAnswer from 2025 FDD Document
| FOR THE YEARS ENDED DECEMBER 31, | ||||
|---|---|---|---|---|
| 2024 | 2023 | 2022 | ||
| REVENUES | ||||
| Franchise fees | $ 624,453 | $ 305,073 | $ 226,598 | |
| Royalty fees | 165,720 | 236,040 | 239,415 | |
| Other revenues | 322,271 | 445,561 | 448,915 | |
| Management fees | 300,827 | 285,828 | 225,539 | |
| TOTAL REVENUES | 1,413,271 | 1,272,502 | 1,140,467 | |
| OPERATING EXPENSES | ||||
| Compensation and related costs | 561,870 | 555,064 | 505,806 | |
| General and administrative | 274,238 | 328,368 | 457,315 | |
| Franchise related costs | 244,917 | 212,220 | 150,427 | |
| Advertising and promotion | 29,375 | 32,623 | 15,369 | |
| Professional fees | 26,418 | 41,310 | (4,174) | |
| Bad Debt expense | 312 | - | 26,102 | |
| Depreciation expense | 3,000 | 3,000 | 3,000 | |
| TOTAL OPERATING EXPENSES | 1,140,130 | 1,172,585 | 1,153,845 | |
| OPERATING INCOME | 273,141 | 99,917 | (13,378) | |
| OTHER (EXPENSE) | ||||
| Interest expense | (9,194) | (414) | (460) | |
| NET INCOME | $ 263,947 | $ 99,503 | $ (13,838) |
**CITY PUBLICATIONS FRANCHISE GROUP, INC. CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' (DEFICIT) FOR THE YEARS ENDED DECEMBER 31, 202
Source: Item 23 — RECEIPT (FDD pages 39–129)
What This Means (2025 FDD)
According to City Publications' 2025 Franchise Disclosure Document, the balance sheet details the company's financial status as of December 31, 2021. The total additional paid-in capital for City Publications on December 31, 2021, was $17,000. This figure represents the excess amount paid by investors over the par value of the stock during equity transactions.
Additional paid-in capital is a key component of shareholders' equity, reflecting the capital raised beyond the nominal value of the company's shares. For prospective franchisees, understanding the composition of the company's equity can provide insights into its financial stability and how it has been funded over time. A healthy additional paid-in capital can indicate that City Publications has successfully attracted investment and has a buffer to absorb potential losses.
It is important to note that while the FDD provides this historical financial data, it does not guarantee future performance. Prospective franchisees should conduct their own due diligence, including consulting with financial advisors, to assess the current financial health and future prospects of City Publications.