What was the total value of the Common Stock for Fat Shack as of December 31, 2024?
Fat_Shack Franchise · 2025 FDDAnswer from 2025 FDD Document
FOR THE YEARS ENDED DECEMBER 31, 2024, 2023 and 2022
| Members Capital | Common Stock | Series Seed Preferred Stock | Additional Paid in Capital | Retained Earnings | Total | |
|---|---|---|---|---|---|---|
| Balance, December 31, 2022 | $ | $ 85 | $ 15 | $ 279,900 | $ 723,186 | $ 1,003,186 |
| Net income | 218,715 | 218,715 | ||||
| Dividends | (165,000) | (165,000) | ||||
| Balance, December 31, 2023 | $ | $ 85 | $ 15 | $ 279,900 | $ 776,901 | $ 1,056,901 |
| Net income | 130,795 | 130,795 | ||||
| Dividends | (180,000) | (180,000) | ||||
| Balance, December 31, 2024 | $ |
Source: Item 23 — Receipts (FDD pages 53–223)
What This Means (2025 FDD)
According to Fat Shack's 2025 Franchise Disclosure Document, the value of Common Stock as of December 31, 2024, was $85. This figure is derived from the Statement of Stockholders' Equity, which details the changes in equity accounts over the fiscal years. The Common Stock value remained constant from December 31, 2022, through December 31, 2024.
For a prospective franchisee, this indicates the par value or stated value of all the company's common stock. It is important to note that this value does not reflect the market value of the stock, but rather the value assigned when the shares were initially issued. The stability of this value over the three years suggests no new issuances or changes to the par value during that period.
While the Common Stock value is a small part of the overall equity, the Statement of Stockholders' Equity provides a broader view of the company's financial health. It shows other components such as Series Seed Preferred Stock, Additional Paid in Capital, and Retained Earnings, which collectively contribute to the total equity of Fat Shack. Reviewing these figures can give a potential franchisee insight into the company's capital structure and how profits are reinvested or distributed.