What was the value of common stock shares for Deck Medic as of December 31, 2022?
Deck_Medic Franchise · 2024 FDDAnswer from 2024 FDD Document
oan forgiveness | | 1.00 | | 10,417 | | Net Income / (Loss) | $ | (28,455) | $ | 79,580 | | | | | | |
The accompanying notes are an integral part of the financial statements.
| Common Sto Valu Shares | ie | 1 Par | 1.77 | ditional Paid- In Capital | Retained Earnings | Sto | Total ockholders' Equity | |
|---|---|---|---|---|---|---|---|---|
| Balance At December 31, 2020 | 1,000 | $ | 1,000 | $ | 2,000 | $ 164,865 | $ | 167,865 |
| Stockholders' distributions | × | 8 | н | (100,000) | (100,000) | |||
| Net income (loss) | - | H - | 79,580 | 79,580 | ||||
| Balance At December 31, 2021 | 1,000 | $ | 1,000 | $ | 2,000 | $ 144,445 | $ | 147,445 |
| Stoc |
Source: Item 23 — RECEIPTS (FDD pages 43–228)
What This Means (2024 FDD)
According to Deck Medic's 2024 Franchise Disclosure Document, as of December 31, 2022, the company had 1,000 common shares of stock authorized, issued, and outstanding, with a par value of $1 per share, totaling $1,000. Additionally, Deck Medic had $2,000 in additional paid-in capital. The retained earnings were reported as $116,272, resulting in a total stockholders' equity of $119,272.
For a prospective Deck Medic franchisee, this information provides a snapshot of the company's equity structure and financial position at the end of 2022. The common stock value, along with additional paid-in capital and retained earnings, contributes to the overall stockholders' equity, which is a key indicator of the company's net worth. Understanding these figures can help a franchisee assess the financial stability and capitalization of Deck Medic.
The fact that Deck Medic has a relatively small par value for its shares and a larger amount in additional paid-in capital suggests that the company may have raised capital by selling shares at a premium over par value. The retained earnings figure reflects the accumulated profits of the company that have not been distributed to shareholders as dividends. These details are important for potential franchisees to consider as they evaluate the financial health and investment potential of the Deck Medic franchise.
It is important to note that this data is from 2022 and may not reflect the current financial situation of Deck Medic. Prospective franchisees should review the most recent financial statements and consult with a financial advisor to gain a comprehensive understanding of the company's financial condition and future prospects.