What was the total Itan stockholder's equity at the end of 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 total stockholder's equity at the end of 2023 was $1,792,663. This figure represents the sum of common stock, additional paid-in capital, and accumulated earnings.
Specifically, the common stock was valued at $50,000, additional paid-in capital was $38,000, and accumulated earnings amounted to $1,704,663. These components combined to form the total stockholder's equity for Itan at the close of 2023.
For a prospective franchisee, this number offers insight into the financial structure and retained earnings of Itan. A higher stockholder's equity generally indicates a stronger financial position, as it reflects the ownership stake in the company and its accumulated profits. Reviewing these figures over time, as presented in the table, can reveal trends in the company's profitability and financial management.