Rocky Mountain Chocolate Factory Inc
For the period ended Feb 29, 2024. Filed Jun 13, 2024.
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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 Jun 13, 2024
RMCF$0.82-1.4%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Balance Sheets
| AS OF FEBRUARY 29 or 28, | ||
|---|---|---|
| 2024 | 2023 | |
| Assets | ||
| Current Assets | ||
| Cash and cash equivalents | $2,082,014 | $4,717,068 |
| Accounts receivable, less allowance for credit losses of $331,902 and $666,315, respectively | 2,183,685 | 2,055,694 |
| Notes receivable, current portion, less current portion of the allowance for credit losses of $29,886 and $35,173, respectively | 489,245 | 23,698 |
| Refundable income taxes | 45,969 | 344,885 |
| Inventories | 4,358,401 | 3,639,780 |
| Other | 443,336 | 340,847 |
| Current assets held for sale | - | 83,004 |
| Total current assets | 9,602,650 | 11,204,976 |
| Property and Equipment, Net | 7,757,655 | 5,710,739 |
| Other Assets | ||
| Notes receivable, less current portion and allowance for credit losses of $0 and $38,778, respectively | 695,432 | 94,076 |
| Goodwill | 575,608 | 575,608 |
| Intangible assets, net | 237,897 | 265,927 |
| Lease right of use asset | 1,693,970 | 2,355,601 |
| Other | 14,006 | 14,054 |
| Long-term assets held for sale | - | 1,765,846 |
| Total other assets | 3,216,913 | 5,071,112 |
| Total Assets | $20,577,218 | $21,986,827 |
| Liabilities and Stockholders' Equity | ||
| Current Liabilities | ||
| Accounts payable | $3,409,892 | $2,189,760 |
| Line of credit | 1,250,000 | - |
| Accrued salaries and wages | 1,832,851 | 978,606 |
| Gift card liabilities | 624,335 | 592,932 |
| Other accrued expenses | 300,862 | 162,346 |
| Contract liabilities | 150,494 | 161,137 |
| Lease liability | 503,362 | 746,506 |
| Current liabilities held for sale | - | 178,939 |
| Total current liabilities | 8,071,796 | 5,010,226 |
| Lease Liability, Less Current Portion | 1,191,109 | 1,640,017 |
| Contract Liabilities, Less Current Portion | 678,154 | 782,278 |
| Long-term liabilities - held for sale | - | 184,142 |
| Total Liabilities | 9,941,059 | 7,616,663 |
| Commitments and Contingencies | ||
| Stockholders' Equity | ||
| Preferred stock, $.001 par value per share; 250,000 authorized; 0 shares issued and outstanding | - | - |
| Common stock, $.001 par value, 46,000,000 shares authorized, 6,310,543 shares and 6,257,137 shares issued and outstanding, respectively | 6,306 | 6,257 |
| Additional paid-in capital | 9,895,704 | 9,457,875 |
| Retained earnings | 734,149 | 4,906,032 |
| Total stockholders' equity | 10,636,159 | 14,370,164 |
| Total Liabilities and Stockholders' Equity | $20,577,218 | $21,986,827 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.