What was the additional paid in capital for Gokhale Method in 2023?
Gokhale_Method Franchise · 2024 FDDAnswer from 2024 FDD Document
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| 2023 | |
|---|---|
| ASSETS | |
| Cash and cash equivalents Accounts receivable, net | $ 154,584 15,944 |
| TOTAL ASSETS | $ 170,528 |
| LIABILITIES AND STOCKHOLDER'S EQUITY | |
| LIABILITIES Accounts payable and other current liabilities Deferred revenue | $ 8,491 48,956 |
| Total liabilities | 57,447 |
| STOCKHOLDER'S EQUITY Common stock (1,000 voting shares authorized, 500 shares issued and outstanding, $0.01 par value) | 5 |
| Common stock (1,000 non-voting shares authorized, no shares issued and outstanding, $0.01 par value) | - |
| Additional paid in capital Retained earnings | 100,657 12,419 |
| Total stockholder's equity | 113,081 |
| TOTAL LIABILITIES & STOCKHOLDER'S EQ |
Source: Item 22 — CONTRACTS (FDD page 34)
What This Means (2024 FDD)
According to Gokhale Method's 2024 Franchise Disclosure Document, the additional paid in capital for the company in 2023 was $100,657. This figure is part of the stockholder's equity on the balance sheet.
Additional paid-in capital represents the amount by which the money received from investors exceeds the par value of the stock. It reflects the capital raised by Gokhale Method beyond the nominal value of its shares.
For a prospective franchisee, understanding the additional paid-in capital can provide insights into the financial structure and investor confidence in Gokhale Method. It's a component of the overall financial health and stability of the company, which can be a factor in assessing the risk and potential of investing in a Gokhale Method franchise.