Rocky Mountain Chocolate Factory Inc
For the period ended Nov 30, 2023. Filed Jan 16, 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.
Nov 30, 2023 · Filed Jan 16, 2024
RMCF$0.81-1.0%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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CONSOLIDATED STATEMENTS OF CASH FLOWS
| Nine Months Ended | ||
|---|---|---|
| November 30, | ||
| 2023 | 2022 | |
| Cash Flows From Operating Activities | ||
| Net income (loss) | (2,579,448) | (3,968,106) |
| Less: Net Income (loss) from discontinued operations, net of tax | 703,834 | (333,691) |
| Net Loss from continuing operations | (3,283,282) | (3,634,415) |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||
| Depreciation and amortization | 639,932 | 567,414 |
| Provision for obsolete inventory | 62,678 | 166,255 |
| Provision for loss on accounts and notes receivable | - | (127,000) |
| Loss (gain) on sale or disposal of property and equipment | (37,671) | (14,403) |
| Expense recorded for stock compensation | 490,802 | 471,530 |
| Deferred income taxes | - | 722,163 |
| Changes in operating assets and liabilities: | ||
| Accounts receivable | (1,338,521) | (1,176,382) |
| Refundable income taxes | 298,895 | 303,779 |
| Inventories | 230,135 | (2,102,468) |
| Contract Liabilities | (81,448) | 5,281 |
| Other current assets | (286,170) | (111,521) |
| Accounts payable | 557,770 | 1,952,220 |
| Accrued liabilities | 221,757 | (1,245,973) |
| Net cash used in operating activities of continuing operations | (2,525,123) | (4,223,520) |
| Net cash (used in) provided by operating activities of discontinued operations | (39,242) | 640,102 |
| Net cash used in operating activities | (2,564,365) | (3,583,418) |
| Cash Flows From Investing Activities | ||
| Addition to notes receivable | (49,476) | (58,635) |
| Proceeds received on notes receivable | 56,595 | 49,254 |
| Proceeds from sale or distribution of assets | 112,131 | 22,289 |
| Purchases of property and equipment | (2,617,026) | (778,185) |
| Decrease (increase) in other assets | 9,463 | 10,000 |
| Net cash used in by investing activities of continuing operations | (2,488,313) | (755,277) |
| Net cash provided by (used in) investing activities of discontinued operations | 1,417,738 | (32,547) |
| Net cash provided by (used in) investing activities | (1,070,575) | (787,824) |
| Cash Flows from Financing Activities | ||
| Proceeds from the line of credit | 1,000,000 | - |
| Net cash provided by financing activities | 1,000,000 | - |
| Net Decrease in Cash and Cash Equivalents | (2,634,940) | (4,371,242) |
| Cash and Cash Equivalents, Beginning of Period | 4,717,068 | 7,587,374 |
| Cash and Cash Equivalents, End of Period | 2,082,128 | 3,216,132 |
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