What was the total value of Deck Medic's stockholders' equity in 2022?
Deck_Medic Franchise · 2024 FDDAnswer from 2024 FDD Document
| 2022 | 2021 | |
|---|---|---|
| initial franchise fees receivables | $25,530 | $28,955 |
| Royalties receivables | 16,222 | 13,244 |
| Gross accounts receivables | 41,752 | 42,199 |
| Less: Allowance for doubtful accounts | (12,765) | 7,125 |
| Accounts receivable, net | $28,987 | $42,199 |
5. STOCKHOLDERS' EQUITY
Under the articles of incorporation, the total number of common shares of stock
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 is authorized to issue is 1,000 shares, each with a par value of $1, amounting to $1,000 issued and outstanding. As of December 31, 2022, Deck Medic had an additional $2,000 in paid-in capital.
In simpler terms, this means that Deck Medic's stockholders' equity consists of the value of the issued shares plus any additional capital contributed by investors beyond the par value of the shares. For a prospective franchisee, this information provides a snapshot of the company's capitalization and equity structure.
It's important to note that stockholders' equity represents the owners' stake in the company and can be influenced by factors such as profits, losses, and additional investments. Reviewing these figures over time can help potential franchisees understand the financial stability and growth of Deck Medic.