Rocky Mountain Chocolate Factory Inc
For the period ended Nov 30, 2023. Filed Jan 16, 2024.
View on SEC.govAbout this filing
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.
Nov 30, 2023 · Filed Jan 16, 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
| November 30, · February 28, | |||
|---|---|---|---|
| 2023 · 2023 | |||
| (unaudited) | |||
| Assets | |||
| Current Assets | |||
| Cash and cash equivalents | $2,082,128 | $4,717,068 | |
| Accounts receivable, less allowance for doubtful accounts of $598,704 and $666,315, respectively | 3,355,044 | 2,055,694 | |
| Notes receivable, current portion, less current portion of the valuation allowance of $43,158 and $35,173, respectively | 298,700 | 23,698 | |
| Refundable income taxes | 45,990 | 344,885 | |
| Inventories | 3,670,076 | 3,639,780 | |
| Other | 628,040 | 340,847 | |
| Current assets held for sale | - | 83,004 | |
| Total current assets | 10,079,978 | 11,204,976 | |
| Property and Equipment, Net | 7,634,552 | 5,710,739 | |
| Other Assets | |||
| Notes receivable, less current portion and valuation allowance of $30,793 and $38,778, respectively | 862,827 | 94,076 | |
| Goodwill, net | 575,608 | 575,608 | |
| Intangible assets, net | 244,748 | 265,927 | |
| Lease right of use asset | 1,868,664 | 2,355,601 | |
| Other | 14,006 | 14,054 | |
| Long-term assets held for sale | - | 1,765,846 | |
| Total other assets | 3,565,853 | 5,071,112 | |
| Total Assets | $21,280,383 | $21,986,827 | |
| Liabilities and Stockholders' Equity | |||
| Current Liabilities | |||
| Line of credit | $1,000,000 | $ | - |
| Accounts payable | 3,287,366 | 2,189,760 | |
| Accrued salaries and wages | 1,057,057 | 978,606 | |
| Gift card liabilities | 380,145 | 592,932 | |
| Other accrued expenses | 541,774 | 162,346 | |
| Contract liabilities | 154,830 | 161,137 | |
| Lease liability | 658,265 | 746,506 | |
| Current liabilities held for sale | - | 178,939 | |
| Total current liabilities | 7,079,437 | 5,010,226 | |
| Lease Liability, Less Current Portion | 1,212,291 | 1,640,017 | |
| Contract Liabilities, Less Current Portion | 707,137 | 782,278 | |
| Long-term liabilities - held for sale | - | 184,142 | |
| 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, 6,303,769 shares and 6,257,137 shares issued and outstanding, respectively | 6,304 | 6,257 | |
| Additional paid-in capital | 9,948,630 | 9,457,875 | |
| Retained earnings | 2,326,584 | 4,906,032 | |
| Total stockholders' equity | 12,281,518 | 14,370,164 | |
| Total Liabilities and Stockholders' Equity | $21,280,383 | $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.