What was the total stockholder's equity 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 total stockholder's equity in 2023 was $113,081. This figure represents the net worth of the company from the perspective of its stockholders, calculated by subtracting total liabilities from total assets. It includes common stock, additional paid-in capital, and retained earnings.
Specifically, the common stock consists of $5 from voting shares and no value listed for non-voting shares. The additional paid-in capital is $100,657, and retained earnings amount to $12,419. These components, when added together, constitute the total stockholder's equity.
A prospective Gokhale Method franchisee should consider this figure as an indicator of the company's financial stability. A higher stockholder's equity generally suggests a stronger financial position. Reviewing this information in conjunction with other financial statements, such as the balance sheet and income statement, will provide a more comprehensive understanding of Gokhale Method's financial health.