How many shares of Counselor Realty common stock were authorized?
Counselor_Realty Franchise · 2025 FDDAnswer from 2025 FDD Document
Sheets December 31, 2024 and 2023
| 2024 | 2023 | |
|---|---|---|
| Assets | ||
| Cash | $ 70,457 | $ 80,311 |
| Certificates of deposit | 137,791 | 130,280 |
| Accounts receivable, net | - | 1,574 |
| Total assets | $ 208,248 | $ 212,165 |
| Liabilities and Stockholder's Equity | ||
| Liabilities | ||
| Due to franchise | $ 50 | $ - |
| Due to parent company | 5,100 | 5,100 |
| Total liabilities | 5,150 | 5,100 |
| Stockholder's Equity | ||
| Common stock, $.01 par value per share | ||
| 100,000 shares authorized | ||
| 10,000 shares issued and outstanding | 100 | 100 |
| Additional paid-in capital | 47,209 | 47,209 |
| Retained earnings | 155,789 | 159,756 |
| Total stockholder's equity | 203,098 | 207,065 |
| Total liabilities and stockholder' |
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 32)
What This Means (2025 FDD)
According to Counselor Realty's 2025 Franchise Disclosure Document, the company has authorized 100,000 shares of common stock with a par value of $0.01 per share. Of these authorized shares, 10,000 shares were issued and outstanding as of the balance sheet dates in the provided financial statements. The common stock's value is listed at $100 for both 2024 and 2023.
Additional paid-in capital is listed as $47,209 for both 2024 and 2023. Retained earnings were $155,789 in 2024 and $159,756 in 2023. Total stockholder's equity was $203,098 in 2024 and $207,065 in 2023.
This information is relevant to potential franchisees as it provides insight into the company's equity structure and financial stability. Understanding the number of authorized versus issued shares can give franchisees a sense of the company's potential for raising capital in the future. The stability of the common stock value and additional paid-in capital over the two years suggests a consistent equity structure during that period.