How many shares were outstanding for Craters & Freighters as of December 31, 2024?
Craters_Freighters Franchise · 2025 FDDAnswer from 2025 FDD Document
| Shareholder's Equity | ||
|---|---|---|
| Common Stock, No Par Value; 1,000,000 Shares | ||
| Authorized; 1,000,000 Shares Issued and Outstanding | 100 | 100 |
| Additional Paid-in Capital | 800 | 800 |
| Retained Earnings | 6,458,972 | 5,413,239 |
| Total Shareholder's Equity | 6,459,872 | 5,414,139 |
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 49)
What This Means (2025 FDD)
According to Craters & Freighters' 2025 Franchise Disclosure Document, the company had 1,000,000 shares issued and outstanding as of December 31, 2024. These shares are common stock with no par value. This indicates the total number of shares that have been sold to investors and are currently held by them.
For a prospective franchisee, understanding the share structure of Craters & Freighters can provide insight into the company's ownership and equity. The fact that there are 1,000,000 shares both authorized and outstanding suggests that all authorized shares have been issued.
It's also worth noting that the additional paid-in capital is $800. Additional paid-in capital represents the amount by which the issue price of the stock exceeds its par value. In this case, since there is no par value, the additional paid-in capital may reflect amounts received from stock issuances above a stated value, or from other equity transactions.
Reviewing the equity section of the balance sheet helps potential franchisees assess the financial stability and structure of Craters & Freighters.