What was the amount of additional paid in capital for Gokhale Method in 2022?
Gokhale_Method Franchise · 2024 FDDAnswer from 2024 FDD Document
| 2022 | |
|---|---|
| ASSETS | |
| CURRENT ASSETS | |
| Cash and cash equivalents Accounts receivable, net | $ 120,141 3,958 |
| TOTAL ASSETS | $ 124,099 |
| LIABILITIES AND STOCKHOLDERS' EQUITY | |
| CURRENT LIABILITIES | |
| Accounts payable and other current liabilities Deferred revenue | $ 6,667 8,086 |
| Total liabilities | 14,753 |
| STOCKHOLDERS' 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 | 100,657 |
| Retained earnings | 8,684 |
| Total stockholders' equity | 109,346 |
| TOTAL LIABILITIES & STOCKHOLDE |
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 as of December 31, 2022, was $100,657. This figure represents the total additional capital invested into the company beyond the par value of its common stock.
For a prospective franchisee, understanding the additional paid-in capital can provide insights into the financial structure and historical investments in Gokhale Method. It reflects the confidence and willingness of investors to put capital into the company, which can be a positive indicator of its financial health and growth potential.
It's important to note that this figure is a snapshot of the company's financials as of the end of 2022. While it provides a historical context, potential franchisees should also consider more recent financial statements and trends to assess the current financial standing of Gokhale Method. Reviewing changes in additional paid-in capital over time can reveal patterns of investment and growth, which can inform a franchisee's decision-making process.