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2023 Annual ReportUNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549FORM 10K (Mark One) ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For
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How to fill out common stock par value

01
Identify the par value of the common stock as stated in the company's articles of incorporation.
02
Fill in the total number of shares of common stock issued by the company.
03
Calculate the total par value of the common stock by multiplying the par value per share by the total number of shares issued.
04
Record the total par value of common stock on the company's balance sheet under the stockholder's equity section.

Who needs common stock par value?

01
Investors and shareholders may look at the common stock par value as an indicator of the company's financial stability and strength.
02
Companies may need to disclose the common stock par value to comply with legal and regulatory requirements.
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Common stock par value is the nominal value per share established in the corporate charter or articles of incorporation.
Companies issuing common stock are required to file the par value.
Common stock par value is typically filled out in the corporate charter or articles of incorporation when establishing a company.
The purpose of common stock par value is to set a minimum legal capital requirement for the company and to provide a baseline for the issuance and pricing of shares.
The par value per share and the total number of shares issued must be reported on common stock par value.
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