What was the total common stock 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 total common stock as of December 31, 2021, was $1,000. This figure represents the par value of the shares issued and outstanding at that time. The common stock value is a component of the overall shareholders' equity, which also includes additional paid-in capital, retained earnings, and any due from affiliates.
For a prospective City Publications franchisee, this indicates the basic capital structure of the company. While the common stock value itself is relatively small, it's important to consider it in conjunction with the other elements of shareholders' equity to understand the overall financial health and capitalization of the company. The additional paid-in capital reflects amounts invested by shareholders above the par value of the stock.
The retained earnings figure shows the accumulated profits of City Publications that have not been distributed to shareholders as dividends. The 'Due From Affiliates' represents money owed to City Publications by related entities. These related party transactions are common in franchise systems and should be carefully reviewed to ensure they are conducted at arm's length and do not negatively impact the franchisor's financial stability.
Overall, the franchisee should consider the trend of these equity components over time, as presented in the consolidated statements, to assess the financial stability and performance of City Publications. A healthy and growing equity base can provide confidence in the franchisor's ability to support its franchisees and invest in the growth of the system.