What was the total 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 total additional paid in capital as of December 31, 2022, was $100,657. This figure represents the cumulative amount of capital the company has received from investors 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 investor confidence in Gokhale Method. A stable or growing additional paid-in capital might indicate positive investor sentiment, while a declining balance could raise concerns.
It's important to note that this figure, by itself, doesn't fully represent the financial health of Gokhale Method. Franchisees should consider this value alongside other financial metrics, such as revenue, expenses, and overall equity, to gain a comprehensive understanding of the company's financial position. Consulting with a financial advisor is recommended to properly assess the financial implications.