What is the par value per share of Deck Medic's common stock?
Deck_Medic Franchise · 2024 FDDAnswer from 2024 FDD Document
6. ADVERTISING EXPENSES
Advertising costs for the years ended December 31, 2023 and 2022 were $54,835 and $69,863 respectively. These costs were expensed as incurred.
7. STOCKHOLDERS' EQUITY
Under the articles of incorporation, the total number of common shares of stock that the Co
Source: Item 23 — RECEIPTS (FDD pages 43–228)
What This Means (2024 FDD)
According to Deck Medic's 2024 Franchise Disclosure Document, the total number of common shares the corporation has authority to issue is 1,000 shares, each with a par value of $1. This amounts to a total issued and outstanding value of $1,000.
This means that each share of Deck Medic's stock has a nominal value of $1 assigned to it. The par value is the minimum price at which the company can issue new shares. It is a largely accounting and legal concept and does not necessarily reflect the market value of the stock.
For a prospective franchisee, this information provides insight into the company's capitalization structure. While the par value itself may not have a direct impact on the franchisee's operations, it is a component of the overall financial health and structure of Deck Medic. Understanding the equity structure can be useful when evaluating the stability and long-term viability of the franchise system.