What was the amount of stockholders' distributions for Deck Medic?
Deck_Medic Franchise · 2024 FDDAnswer from 2024 FDD Document
Advertising costs for the years ended December 31, 2023 and 2022 were $54,835 and $69,863 respectively. These costs were expensed as incurred.
Under the articles of incorporation, the total number of common shares of stock that the Corporation shall have authority to issue is 1000 shares with $1 par value and amount of $1,000, issued and outstanding. On December 31, 2023 and 2022, the entity had $2,000 in additional paid-in capital.
Source: Item 23 — RECEIPTS (FDD pages 43–228)
What This Means (2024 FDD)
The 2024 Franchise Disclosure Document for Deck Medic does not include the specific amount of stockholder's distributions. While Item 23 contains the company's financial statements audited by Metwally CPA PLLC, this information is not explicitly stated. The auditor's report covers the balance sheets, statements of operations, stockholders' equity, and cash flows, but it does not break down the precise amount of distributions to stockholders.
Item 23 includes the advertising expenses for the years ending December 31, 2023, and 2022, which were $54,835 and $69,863, respectively. It also mentions that the total number of common shares authorized is 1,000 with a $1 par value, amounting to $1,000 issued and outstanding. Additionally, as of December 31, 2023, and 2022, Deck Medic had $2,000 in additional paid-in capital. However, these details do not provide the amount of stockholder's distributions.
A prospective franchisee should directly ask Deck Medic for detailed information on stockholder's distributions. Understanding these distributions can provide insights into the company's financial management and profitability, which is crucial for making an informed investment decision. Requesting this information during the due diligence process is a standard practice when evaluating a franchise opportunity.