What was the par value of Management Recruiters' common stock as of December 31, 2020?
Management_Recruiters Franchise · 2024 FDDAnswer from 2024 FDD Document
ireQuest, Inc. Consolidated Statement of Changes in Stockholders**' Equity
| Common stock | Treasury Stock | Additional paid-in | Retained | Total stockholders' | ||
|---|---|---|---|---|---|---|
| Shares | Par value | Amount | capital | earnings | equity | |
| Balance at December 31, 2019 | 13,518,036 | $ 13,518 | $ - | $ 27,584,610 | $ 3,683,954 | $ 31,282,082 |
| Stock-based compensation | - | - | - | 1,226,890 | - | 1,226,890 |
| Cash dividends | - | - | - | - | (1,357,648) | (1,357,648) |
| Restricted common stock granted for | ||||||
| services | 110,639 | 111 | - | (111) | - | - |
| Purchase of treasury stock | - | - | (146,465) | - | - | (146,465) |
| Net income | - | - | - | - | 5,359,414 | 5,359,414 |
| Balance at December 31, 2020 | 13,628,675 | 13,629 | (146,465) |
Source: Item 21 — FINANCIAL STATEMENTS (FDD pages 65–66)
What This Means (2024 FDD)
According to Management Recruiters' 2024 Franchise Disclosure Document, the par value of their common stock as of December 31, 2020, was $13,629. At that time, Management Recruiters had 13,628,675 shares of common stock issued. The total stockholders' equity at the end of 2020 was $36,364,273.
In 2020, Management Recruiters issued 110,639 shares of restricted common stock for services. Additionally, the company issued approximately 20,000 shares valued at approximately $118,000 under the share purchase match program.
Understanding the par value and the total number of shares is crucial for assessing the company's capitalization and equity structure. A prospective franchisee can use this information to evaluate the financial health and stability of Management Recruiters.