Rocky Mountain Chocolate Factory Inc
For the period ended Aug 31, 2024. Filed Oct 15, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Aug 31, 2024 · Filed Oct 15, 2024
RMCF$0.81-1.0%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Condensed Consolidated Statement of Cash Flows
Condensed Consolidated Statements of Cash Flows
(In thousands)
| Six Months EndedAugust 31, | ||
|---|---|---|
| 2024 | 2023 | |
| Cash Flows from Operating Activities | ||
| Net Loss | $(2,380) | $(1,823) |
| Less: Earnings from discontinued operations, net of tax | - | 704 |
| Loss from continuing operations | (2,380) | (2,527) |
| Adjustments to reconcile loss from continuing operations to net cashused in operating activities: | ||
| Depreciation and amortization | 467 | 416 |
| Provision for obsolete inventory | 9 | 48 |
| Gain (loss) on disposal of assets | (248) | (40) |
| Expense recorded for stock compensation | 81 | 325 |
| Changes in operating assets and liabilities: | ||
| Accounts receivable | (255) | 54 |
| Refundable income taxes | (17) | 30 |
| Inventories | (1,386) | 375 |
| Other current assets | (258) | (92) |
| Accounts payable | (1,075) | (16) |
| Accrued liabilities | (598) | 543 |
| Contract liabilities | (10) | (43) |
| Net cash used in operating activities of continuing operations | (5,670) | (927) |
| Net cash used in operating activities of discontinued operations | - | (39) |
| Net cash used in operating activities | (5,670) | (966) |
| Cash Flows from Investing Activities | ||
| Addition to notes receivable | - | (49) |
| Proceeds received on notes receivable | 154 | 36 |
| Proceeds from the sale of assets | 1,607 | 112 |
| Purchases of property and equipment | (1,534) | (1,252) |
| Increase in other assets | (54) | (31) |
| Net cash provided by (used in) investing activities of continuing operations | 173 | (1,184) |
| Net cash provided by investing activities of discontinued operations | - | 1,418 |
| Net cash provided by investing activities | 173 | 234 |
| Cash Flows from Financing Activities | ||
| Proceeds from line of credit | 2,200 | - |
| Issuance of common stock through securities purchase agreement | 2,188 | - |
| Net cash provided by financing activities of discontinued operations | - | - |
| Net cash provided by financing activities | 4,388 | - |
| Net Decrease in Cash and Cash Equivalents | (1,109) | (732) |
| Cash and Cash Equivalents, Beginning of Period | 2,082 | 4,717 |
| Cash and Cash Equivalents, End of Period | $973 | $3,985 |
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