What was the total amount of common stock for Itan in 2023?
Itan Franchise · 2025 FDDAnswer from 2025 FDD Document
| 2024 | 2023 | |
|---|---|---|
| STOCKHOLDER'S EQUITY | ||
| Common stock (note 11) | 50,000 | 50,000 |
| Additional paid in capital | 38,000 | 38,000 |
| Accumulated earnings | 1,724,052 | 1,704,663 |
| 1,812,052 | 1,792,663 |
Source: Item 23 — RECEIPT (FDD pages 44–190)
What This Means (2025 FDD)
According to Itan's 2025 Franchise Disclosure Document, the amount of common stock for Itan in 2023 was $50,000. The FDD also states that the additional paid-in capital was $38,000 and accumulated earnings totaled $1,704,663. This resulted in a total stockholder's equity of $1,792,663 for Itan in 2023.
For a prospective Itan franchisee, understanding the company's equity structure can provide insights into its financial stability and how it's financed. Common stock represents the initial investment by the owners, while additional paid-in capital reflects any amounts received from investors above the par value of the stock. Accumulated earnings show the profits that Itan has retained over time.
Reviewing these figures in comparison to previous years and industry benchmarks can help a potential franchisee assess the financial health and growth trajectory of Itan. It's also important to consider how these equity components might impact the franchisor's ability to support its franchisees and invest in the brand's future development.