PARKS AMERICA, INC
For the period ended Mar 30, 2025. Filed May 9, 2025.
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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.
Mar 30, 2025 · Filed May 9, 2025
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Extracted filing text, with the paragraph anchors used by the comparison.
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Unaudited Consolidated Financial Statements Consolidated Balance Sheets – March 30, 2025 and September 29, 2024
As of March 30, 2025 (UNAUDITED) and September 29, 2024
| March 30, 2025 | September 29, 2024 | |
|---|---|---|
| ASSETS | ||
| Cash and cash equivalents | $1,973,551 | $2,489,294 |
| Short-term investments | — | 835,074 |
| Accounts receivable | 33,311 | 63,784 |
| Inventory | 404,337 | 372,401 |
| Prepaid expenses | 197,769 | 396,308 |
| Total current assets | 2,608,968 | 4,156,861 |
| Property and equipment, net | 15,469,192 | 14,829,612 |
| Intangible assets, net | 27,005 | 33,011 |
| Deferred tax asset, net | 153,112 | 156,012 |
| Other assets | 12,676 | 18,575 |
| TOTAL ASSETS | $18,270,953 | $19,194,071 |
| LIABILITIES AND STOCKHOLDERS’ EQUITY | ||
| Current liabilities | ||
| Accounts payable | $500,402 | $1,281,966 |
| Other current liabilities | 505,307 | 466,155 |
| Current portion of long-term debt, net | 387,673 | 809,892 |
| Total current liabilities | 1,393,382 | 2,558,013 |
| Long-term debt, net | 2,984,065 | 2,687,831 |
| TOTAL LIABILITIES | 4,377,447 | 5,245,844 |
| STOCKHOLDERS’ EQUITY | ||
| Preferred stock, par value $.001 – authorized: 10,000,000 shares; zero shares issued and outstanding, respectively | — | — |
| Common stock, par value $.001 – authorized: 300,000,000 shares; issued and outstanding: 757,270 and 757,270 shares, respectively (1) | 757 | 757 |
| Capital in excess of par | 5,234,732 | 5,234,732 |
| Retained earnings | 8,658,017 | 8,712,738 |
| TOTAL STOCKHOLDERS’ EQUITY | 13,893,506 | 13,948,227 |
| TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY | $18,270,953 | $19,194,071 |
| (1) | Amounts have been adjusted to reflect the Reverse/Forward Stock Split that became effective on April 30, 2025. See Note 6, Stockholders Equity and Note 10, Subsequent Events for further information about the Reverse/Forward Stock Split. |
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