What was the total number of 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 | |
|---|---|---|---|
| Voting Shares | Non-Voting Shares | Amount | |
| Balance at January 1, 2020 | 200 | 1 | S |
Source: Item 22 — CONTRACTS (FDD page 34)
What This Means (2024 FDD)
According to Gokhale Method's 2024 Franchise Disclosure Document, the total number of voting shares as of January 1, 2020, was 200. Additionally, there was 1 non-voting share at that time. The balance sheet also reflects a common stock amount, additional paid-in capital, and accumulated retained earnings (deficit) at that date.
This information is relevant for prospective franchisees as it provides a snapshot of the company's equity structure at the beginning of 2020. Understanding the number of voting shares can give insight into the control and ownership of the company.
It's important to note that the number of voting shares changed during the year, increasing to 300 by December 31, 2020. This change could be due to various factors, such as the issuance of new shares or the conversion of other securities into voting shares. Monitoring these changes in equity structure can help franchisees assess the stability and direction of Gokhale Method.