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.
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CONSOLIDATED STATEMENTS OF OPERATIONS
| Three Months Ended November 30, | Nine Months Ended November 30, | |||
|---|---|---|---|---|
| 2023 | 2022 | 2023 | 2022 | |
| Revenues | ||||
| Sales | $6,421,701 | $7,586,534 | $16,453,741 | $18,065,947 |
| Franchise and royalty fees | 1,275,700 | 1,238,559 | 4,237,524 | 4,218,700 |
| Total Revenue | 7,697,401 | 8,825,093 | 20,691,265 | 22,284,647 |
| Costs and Expenses | ||||
| Cost of sales | 5,768,598 | 5,727,348 | 15,159,483 | 14,143,256 |
| Franchise costs | 576,833 | 476,566 | 1,869,815 | 1,344,382 |
| Sales and marketing | 571,910 | 572,961 | 1,487,046 | 1,481,870 |
| General and administrative | 1,333,216 | 2,080,611 | 4,952,261 | 7,723,266 |
| Retail operating | 186,248 | 137,835 | 451,012 | 447,254 |
| Depreciation and amortization, exclusive of depreciation and amortization expense of $187,523, $160,006, $541,110 and $480,479, respectively, included in cost of sales | 35,954 | 28,991 | 98,821 | 86,935 |
| Total costs and expenses | 8,472,759 | 9,024,312 | 24,018,438 | 25,226,963 |
| Loss from Operations | (775,358) | (199,219) | (3,327,173) | (2,942,316) |
| Other Income | ||||
| Interest Expense | (11,386) | (4,172) | (23,903) | (4,172) |
| Interest Income | 30,026 | 7,234 | 67,794 | 13,732 |
| Other income, net | 18,640 | 3,062 | 43,891 | 9,560 |
| Loss Before Income Taxes | (756,718) | (196,157) | (3,283,282) | (2,932,756) |
| Income Tax Provision | - | - | - | 701,659 |
| Net Income (Loss) from Continuing Operations | $(756,718) | $(196,157) | $(3,283,282) | $(3,634,415) |
| Discontinued Operations | ||||
| Earnings (loss) from discontinued operations, net of tax | - | (15,822) | 69,044 | (333,691) |
| Gain on disposal of discontinued operations, net of tax | - | - | 634,790 | - |
| Earnings (loss) from discontinued operations, net of tax | - | (15,822) | 703,834 | (333,691) |
| Consolidated Net Loss | $(756,718) | $(211,979) | $(2,579,448) | $(3,968,106) |
| Basic Earnings (Loss) per Common Share | ||||
| Loss from continuing operations | $(0.12) | $(0.03) | $(0.51) | $(0.58) |
| Earnings (loss) from discontinued operations | - | (0.00) | 0.11 | (0.05) |
| Net loss | $(0.12) | $(0.03) | $(0.40) | $(0.63) |
| Diluted Earnings (Loss) per Common Share | ||||
| Loss from continuing operations | $(0.12) | $(0.03) | $(0.51) | $(0.57) |
| Earnings (loss) from discontinued operations | - | (0.00) | 0.11 | (0.05) |
| Net loss | $(0.12) | $(0.03) | $(0.40) | $(0.62) |
| Weighted Average Common Shares | ||||
| Outstanding - Basic | 6,302,159 | 6,227,002 | 6,290,575 | 6,219,362 |
| Dilutive Effect of Employee | ||||
| Stock Awards | - | - | - | |
| Weighted Average Common Shares | ||||
| Outstanding - Diluted | 6,302,159 | 6,227,002 | 6,290,575 | 6,219,362 |
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