How many non-voting shares of Gokhale Method are issued and outstanding?
Gokhale_Method Franchise · 2024 FDDAnswer from 2024 FDD Document
| Common Stock Voting Shares | Common Stock Non-Voting Shares | Common Stock Amount | itional paid n capital | etained arnings | Total ockholders' Equity | ||
|---|---|---|---|---|---|---|---|
| Balance at January 1, 2022 | 500 | $ | 5 | $ 100,657 | $ 9,819 | $ 110,481 | |
| Net loss | - | - | (1,135) | (1,135) | |||
| Balance at December 31, 2022 | 500 | - | $ | 5 | $ 100,657 | $ 8,684 | $ 109,346 |
| 2022 | ||
|---|---|---|
| Cash flows from operating activities: | ||
| Net loss | $ | (1,135) |
| Adjustments to reconcile net loss to net | ||
| cash provided by operating activities: | ||
| Changes in operating assets and liabilities | ||
| Accounts receivable | 983 | |
| Accounts payable and other current liabilities | (3,488) | |
| Deferred revenue | 18 | 3,261 |
| Net cash used in operating activities | - | (379) |
| Net decrease in cash | (379) | |
| Cash and cash equivalents - beginning of year | F | 120,520 |
| Cash and cash equivalents - end of year |
Source: Item 22 — CONTRACTS (FDD page 34)
What This Means (2024 FDD)
According to Gokhale Method's 2024 Franchise Disclosure Document, the number of non-voting shares issued and outstanding has varied over the years. The provided financial statements include information about the company's stock, including common stock voting shares and common stock non-voting shares. As of January 1, 2020, there was 1 non-voting share. However, the balance sheet as of December 31, 2022, indicates that there were no non-voting shares at that time.
The fluctuation in the number of non-voting shares could be due to several factors, such as the repurchase or retirement of shares by the company, or the conversion of non-voting shares into voting shares. These changes are reflected in the company's financial statements, which are audited by an independent accounting firm.
Prospective franchisees should be aware of the capital structure of Gokhale Method, including the number of voting and non-voting shares outstanding, as this can impact the control and ownership of the company. Understanding these details can help franchisees assess the financial stability and governance of the franchise system.