What was the total Common Stock balance for City Publications as of December 31, 2024?
City_Publications Franchise · 2025 FDDAnswer from 2025 FDD Document
ntial doubt about CITY PUBLICATIONS FRANCHISE GROUP, INC.'s ability to continue as a going concern for a reasonable period of time.
We are required to communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit, significant audit findings, and certain internal control—related matters that we identified during the audit.
Ft. Collins, Colorado April 20, 2025
CITY PUBLICATIONS FRANCHISE GROUP, INC. CONSOLIDATED BALANCE SHEETS
| AS OF DECEMBER 31, | |||
|---|---|---|---|
| 2024 | 2023 | ||
| ASSETS: | |||
| CURRENT ASSETS | |||
| Cash and equivalents | $ 469,911 | $ 34,370 | |
| Accounts receivable | 6,166 | 10,184 | |
| TOTAL CURRENT ASSETS | 476,077 | 44,554 | |
| NON-CURRENT ASSETS | |||
| Property and equipment | 2,179 | 3,000 | |
| Other assets | 8,362 | 8,362 | |
| TOTAL ASSETS | $ 486,618 | $ 55,916 | |
| LIABILITIES AND SHAREHOLDERS' (DEFICIT): | |||
| CURRENT LIABILITIES | |||
| Accounts payable | $ 478,790 | $ 84,847 | |
| Non-refundable deferred franchise fees, current | 29,393 | 22,373 | |
| TOTAL CURRENT LIABILITIES | 508,183 | 107,220 | |
| NON-CURRENT LIABILITIES | |||
| Non-refundable deferred franchise fees | 52,433 | 34 |
Source: Item 23 — RECEIPT (FDD pages 39–129)
What This Means (2025 FDD)
According to City Publications' 2025 Franchise Disclosure Document, the Common Stock balance as of December 31, 2024, was $1,000. The FDD also notes that this figure represents 1,000 shares issued and outstanding, with a par value of $1 per share, out of a total of 100,000 authorized shares. This balance is consistent with the previous year, December 31, 2023, where the Common Stock was also reported as $1,000.
This information is found within the Consolidated Balance Sheets included as part of City Publications' financial statements. The balance sheet provides a snapshot of the company's assets, liabilities, and shareholders' equity at a specific point in time. Common stock represents the investment made by the owners into the company.
For a prospective franchisee, this indicates the foundational equity structure of City Publications. While the amount is relatively small, it's important to consider it in conjunction with other elements of the balance sheet, such as retained earnings, additional paid-in capital, and any due from affiliates, to get a comprehensive view of the company's financial health and stability. Reviewing these figures over several years, as presented in the statement of changes in shareholders' equity, can provide insights into the company's capital structure and how it has evolved.