How many shares of Common Stock did Counselor Realty have as of December 31, 2024?
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 had 10,000 shares of common stock issued and outstanding as of December 31, 2024. The par value per share is $0.01. The total value of the common stock issued is listed as $100.
Additionally, Counselor Realty had 100,000 shares authorized. This means that while 10,000 shares have been issued to investors, the company has the option to issue up to 90,000 additional shares in the future.
Besides the common stock, Counselor Realty's stockholder's equity includes additional paid-in capital of $47,209 and retained earnings of $155,789 as of December 31, 2024. The total stockholder's equity was $203,098.