What was the total Stockholders' Equity for Gokhale Method as of December 31, 2021?
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 $ (31,665) $ 68,997 | \ |
Source: Item 22 — CONTRACTS (FDD page 34)
What This Means (2024 FDD)
According to Gokhale Method's 2024 Franchise Disclosure Document, the total Stockholders' Equity as of December 31, 2021, was $110,481. This figure represents the sum of Common Stock, Additional Paid-In Capital (APIC), and Accumulated Retained Earnings (Deficit).
Stockholders' equity is a crucial metric for assessing the financial health of Gokhale Method. It indicates the net worth of the company attributable to its owners. A higher equity value generally suggests a stronger financial position, while a lower value might raise concerns about the company's ability to meet its obligations.
Prospective franchisees should consider this figure in conjunction with other financial data provided in the FDD, such as revenue, expenses, and liabilities, to gain a comprehensive understanding of Gokhale Method's financial stability and performance. Consulting with a financial advisor is recommended to interpret these financial statements and their implications for the franchise opportunity.