What is the total amount of common stock 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 company's common stock in 2023 is valued at $5. This is based on 500 shares issued and outstanding, with a par value of $0.01 per share, out of 1,000 authorized voting shares. Additionally, there are 1,000 authorized non-voting shares, but none have been issued.
This valuation is a snapshot of Gokhale Method's equity structure at the end of 2023. It reflects the nominal value assigned to the shares, which is distinct from the price investors might pay to acquire them. The additional paid-in capital, which represents the amount investors paid above the par value, is listed separately at $100,657, and retained earnings are $12,419.
For a prospective franchisee, this information provides insight into the company's capitalization and equity structure. While the common stock value itself is minimal, the additional paid-in capital and retained earnings offer a broader view of the company's financial health and investor confidence. It's important to consider these figures in conjunction with other financial metrics to assess the overall stability and growth potential of Gokhale Method.