table_specific
What was the balance for Hyper Kidz member distributions as of December 31, 2020?
Hyper_Kidz Franchise · 2024 FDDAnswer from 2024 FDD Document
NET INCOME* $ 21,106 $ 52,292 $ 46,173 YEARS ENDED DECEMBER 31,
STATEMENTS OF CHANGES IN MEMBERS' EQUITY (DEFICIT) BOOMERANG FRANCHISE, LLC YEARS ENDED DECEMBER 31, 2023, 2022 AND 2021
| BALANCE, DECEMBER 31, 2020 | $ | (14,635) | $ | (15,010) | $ | (29,645) |
|---|
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 52)
What This Means (2024 FDD)
According to the 2024 Hyper Kidz Franchise Disclosure Document, the balance for member distributions as of December 31, 2020, was not explicitly listed as a line item. However, the document does provide a summary of changes in members' equity.
The provided financial statement shows the following data points for the period:
- Balance as of December 31, 2020: $(14,635)
- Member contributions: $1,800
- Advances to affiliates, net: $(163,377)
- Net income: $46,173
It is important to note that the specific amount of member distributions is not detailed in this excerpt. A prospective franchisee should review the full financial statements in Item 21 of the FDD and consult with Hyper Kidz to obtain a comprehensive understanding of member distributions and equity changes.
Disclaimer: This information is extracted from the 2024 Franchise Disclosure Document and is provided for research purposes only.
It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.