What was the par value per share of Counselor Realty's common stock?
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 par value per share of the company's common stock is $0.01. As of the balance sheets for 2024 and 2023, 100,000 shares were authorized, with 10,000 shares issued and outstanding. The common stock value is listed at $100 for both years.
Additional paid-in capital remained constant at $47,209 for both 2024 and 2023. Retained earnings were $155,789 in 2024 and $159,756 in 2023. Total stockholder's equity amounted to $203,098 in 2024 and $207,065 in 2023.
This indicates that Counselor Realty has a relatively simple capital structure. The par value is a nominal amount, and the additional paid-in capital reflects the amount investors paid above the par value for the stock. The retained earnings represent the accumulated profits (or losses) of the company over time, which impacts the overall stockholder's equity.