Do the financial statements for Gold Star include statements of stockholder equity?
Gold_Star Franchise · 2025 FDDAnswer from 2025 FDD Document
Attached to this disclosure document as Exhibit F are the audited financial statements of Gold Star for the years ended December 31, 2022, December 31, 2023 and December 31, 2024, which include statements of operations, stockholder equity and cash flows for each of the 3 years in the period ended December 31, 2024.
Source: Item 21 — Financial Statements (FDD page 52)
What This Means (2025 FDD)
According to Gold Star's 2025 Franchise Disclosure Document, the audited financial statements include statements of stockholder equity. The financial statements attached as Exhibit F include statements of operations, stockholder equity, and cash flows for each of the three years in the period ending December 31, 2024.
Specifically, the consolidated financial statements of Gold Star Chili, Inc. include its subsidiary, TCWW, LLC, and its consolidated entity, GSC Properties, LLC. These statements provide a comprehensive view of the company's financial performance and position over the stated period.
Statements of Stockholders' Equity are included in the consolidated financial statements. These statements show changes in the equity accounts of Gold Star over a period of time. Equity accounts include common stock, paid-in capital, retained earnings, and accumulated other comprehensive income or loss. For example, the common stock is valued at $1,000 for the years 2022, 2023, and 2024. The total stockholders' equity was $8,442,184 in 2022, $7,659,588 in 2023, and $7,855,000 in 2024.