What was the total amount of Common Stock for Golden Krust Caribbean Restaurant in 2023?

According to Golden Krust Caribbean Restaurant's 2024 Franchise Disclosure Document, the total amount of Common Stock for the company in 2023 was $170,100. The FDD also notes that this figure is the same as in 2022. Additionally, the document states that there is no par value for the stock, with 200 shares authorized and 100 shares issued and outstanding as of December 31, 2023, and December 31, 2022.

For a prospective franchisee, this information provides a snapshot of the company's equity structure. Common stock represents ownership in the company, and the amount listed on the balance sheet reflects the historical value of shares issued. The fact that the common stock value remained constant from 2022 to 2023 suggests there were no new issuances of common stock during that period.

It is important to note that the accumulated deficit for Golden Krust Caribbean Restaurant was ($5,189,544) in 2023 and ($5,271,693) in 2022. This deficit significantly outweighs the value of the common stock, resulting in a total shareholders' deficit of ($5,019,444) in 2023 and ($5,101,593) in 2022. Franchisees should consider this information in the context of the company's overall financial health and stability.

While the common stock figure itself is relatively small, the larger context of the shareholders' deficit is a critical factor for potential franchisees to evaluate. Understanding the financial structure and historical performance of Golden Krust Caribbean Restaurant is essential for making an informed investment decision.