What was the amount of paid-in members' capital for Kidokinetics on January 1, 2021?
Kidokinetics Franchise · 2024 FDDAnswer from 2024 FDD Document
---|-------------| | | Common Stock | | | Paid-in Members' | | | Retained | | | Total | | | | Shares | A | Mount | | Capital | | Interests | | Earnings | | Equity | | Balance at January 1, 2021 | 100 | $ | 1 | $ | 4,
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 59)
What This Means (2024 FDD)
According to Kidokinetics' 2024 Franchise Disclosure Document, the paid-in members' capital on January 1, 2021, was $4,999. This figure represents the total amount of money that members have contributed to Kidokinetics as of the beginning of that year, excluding any retained earnings or losses.
For a prospective franchisee, this number provides a snapshot of the company's initial capitalization and financial structure at that point in time. It's important to note that this figure is just one component of the overall equity and financial health of Kidokinetics. The document shows that Kidokinetics converted to an LLC during 2021, which impacted the equity accounts.
A potential franchisee should also consider the retained earnings (deficit) and total equity figures to get a more complete picture of the company's financial standing. Reviewing the changes in these figures over the subsequent years (2022 and 2023) can further illustrate the financial trajectory of Kidokinetics and how member contributions and retained earnings have evolved.