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 Statements of Operations
| FOR THE YEARS ENDED FEBRUARY 29 or 28, | |||
|---|---|---|---|
| 2024 | 2023 | 2022 | |
| Revenues | |||
| Sales | $22,022,310 | $24,456,910 | $23,534,470 |
| Franchise and royalty fees | 5,928,377 | 5,975,442 | 5,954,078 |
| Total Revenue | 27,950,687 | 30,432,352 | 29,488,548 |
| Costs and Expenses | |||
| Cost of sales | 20,655,629 | 20,455,373 | 18,610,739 |
| Franchise costs | 2,582,371 | 1,825,783 | 1,914,944 |
| Sales and marketing | 2,131,734 | 2,060,215 | 1,474,807 |
| General and administrative | 6,673,929 | 10,325,633 | 7,456,314 |
| Retail operating | 671,487 | 537,482 | 606,889 |
| Depreciation and amortization, exclusive of depreciation and amortization expense of $749,606, $646,394, and $620,798, respectively, included in cost of sales | 137,693 | 118,869 | 119,377 |
| Total costs and expenses | 32,852,843 | 35,323,355 | 30,183,070 |
| Loss from Operations | (4,902,156) | (4,891,003) | (694,522) |
| Other Income (Expense) | |||
| Interest expense | (53,397) | (10,431) | - |
| Interest income | 79,836 | 26,921 | 10,870 |
| Gain on insurance recovery | - | - | 167,123 |
| Other income, net | 26,439 | 16,490 | 177,993 |
| Loss Before Income Taxes | (4,875,717) | (4,874,513) | (516,529) |
| Income Tax Provision (Benefit) | - | 613,843 | (16,812) |
| Loss from Continuing Operations | (4,875,717) | (5,488,356) | (499,717) |
| Earnings (loss) from discontinued operations, net of tax | 703,834 | (192,422) | 158,020 |
| Net Loss | $(4,171,883) | $(5,680,778) | $(341,697) |
| Basic Loss per Common Share | |||
| Loss from continuing operations | $(0.77) | $(0.88) | $(0.08) |
| Earnings (loss) from discontinued operations | 0.11 | (0.03) | 0.02 |
| Net loss | $(0.66) | $(0.91) | $(0.06) |
| Diluted Loss per Common Share | |||
| Loss from continuing operations | $(0.77) | $(0.88) | $(0.08) |
| Earnings (loss) from discontinued operations | 0.11 | (0.03) | $0.02 |
| Net loss | $(0.66) | $(0.91) | $(0.06) |
| Weighted Average Common Shares Outstanding - Basic | 6,294,411 | 6,226,279 | 6,140,687 |
| Dilutive Effect of Employee Stock Awards | - | - | - |
| Weighted Average Common Shares Outstanding - Diluted | 6,294,411 | 6,226,279 | 6,140,687 |
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