PARKS AMERICA, INC
For the period ended Jun 29, 2025. Filed Aug 8, 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.
Jun 29, 2025 · Filed Aug 8, 2025
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Consolidated Financial Statements Consolidated Balance Sheets – June 29, 2025 (Unaudited) and September 29, 2024
CONSOLIDATED BALANCE SHEETS
As of June 29, 2025 (UNAUDITED) and September 29, 2024
| June 29, 2025 | September 29, 2024 | |
|---|---|---|
| ASSETS | ||
| Cash and cash equivalents | $2,687,661 | $2,489,294 |
| Short-term investments | — | 835,074 |
| Accounts receivable | 29,214 | 63,784 |
| Inventory | 338,408 | 372,401 |
| Prepaid expenses | 174,956 | 396,308 |
| Total current assets | 3,230,239 | 4,156,861 |
| Property and equipment, net | 15,323,153 | 14,829,612 |
| Intangible assets, net | 24,002 | 33,011 |
| Deferred tax asset, net | — | 156,012 |
| Other assets | 12,676 | 18,575 |
| TOTAL ASSETS | $18,590,070 | $19,194,071 |
| LIABILITIES AND STOCKHOLDERS’ EQUITY | ||
| Current Liabilities | ||
| Accounts payable | $128,911 | $1,281,966 |
| Other current liabilities | 498,667 | 466,155 |
| Current portion of long-term debt, net | 392,698 | 809,892 |
| Total current liabilities | 1,020,276 | 2,558,013 |
| Long-term debt, net | 2,885,798 | 2,687,831 |
| Deferred tax liability, net | 107,288 | — |
| TOTAL LIABILITIES | 4,013,362 | 5,245,844 |
| STOCKHOLDERS’ EQUITY | ||
| Preferred stock, par value $.001 – authorized 10,000,000 shares; no shares issued | $— | $— |
| Common stock, par value $.001 – authorized 300,000,000 shares; issued and outstanding: 753,607 and 757,270, respectively shares issued and outstanding, respectively (1) | 754 | 757 |
| Capital in excess of par | 5,093,567 | 5,234,732 |
| Retained earnings | 9,482,387 | 8,712,738 |
| TOTAL STOCKHOLDERS’ EQUITY | 14,576,708 | 13,948,227 |
| TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY | $18,590,070 | $19,194,071 |
| (1) | Prior period amounts have been adjusted to reflect the Reverse/Forward Stock Split that became effective on April 30, 2025. Refer to Note 6, Stockholders Equity for further information about the Reverse/Forward Stock Split. |
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