What was the total balance for City Wide Company, Inc. & Subsidiaries as of January 1, 2022?
City_Wide Franchise · 2025 FDDAnswer from 2025 FDD Document
| Interest expense | (234) | (184) | 131 | | Other income | 858,348 | 406,379 | 176,453 | | Total other income (expense) | 709,353 | (1,333,827) | (1,007,944) | | Net Income | 19,161,078 | 14,196,288 | 10,941,550 | | Other comprehensive income (loss) | 39,507 | (6,653) | 26,999 | | Comprehensive Income | $ 19,200,585 | $ 14,189,635 | $ 10,968,549 |
| City | Wide Franc | chise | Company, | Inc. & Subsidiari | ies |
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Source: Item 21 — FINANCIAL STATEMENTS (FDD page 65)
What This Means (2025 FDD)
According to City Wide's 2025 Franchise Disclosure Document, the total balance for City Wide Franchise Company, Inc. & Subsidiaries as of January 1, 2022, was $16,032,348. This figure represents the sum of several components, including common stock (Class A and Class B), additional paid-in capital, and retained earnings, adjusted for accumulated other comprehensive income (loss).
Specifically, the balance is composed of $2,100 in Class A common stock, $210,000 in Class B common stock, $366,366 in additional paid-in capital, $15,459,388 in retained earnings, and a deduction of $5,506 for accumulated other comprehensive loss. This comprehensive accounting provides a snapshot of the company's net worth at the beginning of the fiscal year.
Prospective franchisees should note that this balance reflects the overall financial health of City Wide at that specific point in time. It's essential to review subsequent financial statements and consult with a financial advisor to understand how the company's financial position has evolved and to assess any potential risks or opportunities associated with investing in a City Wide franchise.