WINMARK CORP

For the period ended Dec 28, 2024. Filed Feb 26, 2025.

About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2024 · Filed Feb 26, 2025

WINA$275.38+3.8%Stored close · as of Nov 9, 2026

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Contents

Consolidated Balance Sheets


· December 28, 2024 · December 30, 2023
ASSETS
Current Assets:
Cash and cash equivalents	$12,189,800	$13,361,500
Restricted cash	140,000	25,000
Receivables, less allowance for credit losses of $500 and $600	1,336,400	1,475,300
Net investment in leases	—	75,100
Income tax receivable	96,400	31,400
Inventories	397,600	386,100
Prepaid expenses	1,205,400	1,392,100
Total current assets	15,365,600	16,746,500
Property and equipment:
Furniture and equipment	2,679,400	3,602,900
Building and building improvements	2,952,100	2,952,100
Less - accumulated depreciation and amortization	(4,212,100)	(4,885,200)
Property and equipment, net	1,419,400	1,669,800
Operating lease right of use asset	2,108,700	2,425,900
Intangible assets, net	2,640,300	2,994,300
Goodwill	607,500	607,500
Other assets	491,200	471,300
Deferred income taxes	4,211,800	4,052,400
	$26,844,500	$28,967,700

LIABILITIES AND SHAREHOLDERS' EQUITY (DEFICIT)
Current Liabilities:
Notes payable, net of unamortized debt issuance costs of $- and $32,100	$—	$4,217,900
Accounts payable	1,562,000	1,719,400
Accrued liabilities	1,866,200	2,858,200
Deferred revenue	1,659,700	1,666,100
Total current liabilities	5,087,900	10,461,600
Long-term Liabilities:
Line of credit/Term loan	30,000,000	30,000,000
Notes payable, net of unamortized debt issuance costs of $57,200 and $88,700	29,942,800	34,848,800
Deferred revenue	8,027,600	7,657,500
Operating lease liabilities	3,092,800	3,715,800
Other liabilities	1,739,500	1,440,100
Total long-term liabilities	72,802,700	77,662,200
Shareholders’ Equity (Deficit):
Common stock, no par value, 10,000,000 shares authorized, 3,539,744 and 3,496,977 shares issued and outstanding	14,790,500	7,768,800
Retained earnings (accumulated deficit)	(65,836,600)	(66,924,900)
Total shareholders' equity (deficit)	(51,046,100)	(59,156,100)
	$26,844,500	$28,967,700

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.