What was the number of non-voting shares for Gokhale Method as of January 1, 2020?
Gokhale_Method Franchise · 2024 FDDAnswer from 2024 FDD Document
|
| Common Stock | Common Stock | Common Stock | APIC | Stockholder's | Accumulated Retained | Total Stockholders' | |
|---|---|---|---|---|---|---|---|
| Voting Shares | Non-Voting Shares | Amount | Amount | Contribution | Earnings (Deficit) | Equity | |
| Balance at January 1, 2020 | 200 | 1 | S | S 74,995 | $ 25,662 | 74,995 $ 25,662 |
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 as of January 1, 2020, was 1. The document provides a table outlining the common stock, including voting and non-voting shares, along with the associated amounts, additional paid-in capital (APIC), and accumulated retained earnings.
This information is relevant for prospective franchisees as it provides insight into the company's equity structure at that time. Understanding the share distribution can offer a glimpse into the ownership and control dynamics within Gokhale Method.
However, it is important to note that the number of non-voting shares may have changed since January 1, 2020. The table also shows changes in shareholding and equity through December 31, 2021. Reviewing these changes can provide a more complete picture of the company's financial evolution. Franchisees should request more current information to assess the present equity structure.