$PRKA

PARKS AMERICA, INC

CIK:0001297937|SEC Filings

Consolidated Statements of Operations (Unaudited) - USD ($)	3 Months Ended		9 Months Ended
	Jun. 28, 2026	Jun. 29, 2025	Jun. 28, 2026	Jun. 29, 2025
Total revenue	$ 3,499,303	$ 3,475,920	$ 7,889,048	$ 7,248,399
Cost of sales (exclusive of depreciation and amortization)	481,650	401,846	1,057,260	968,507
Selling, general and administrative	1,838,398	1,813,001	5,188,647	5,135,513
Depreciation and amortization	220,799	230,756	648,051	659,619
Contested proxy and related matters, net		(103,657)		(670,814)
Other operating expense (income), net		13,750	(3,799)	13,698
Income from operations	958,456	1,120,224	998,889	1,141,876
Other (income), net	(17,454)	(18,345)	(59,331)	(57,050)
Interest expense	45,292	53,970	139,903	166,148
Income before income taxes	930,618	1,084,599	918,317	1,032,778
Income tax expense	187,862	260,229	182,077	263,129
NET INCOME	$ 742,756	$ 824,370	$ 736,240	$ 769,649
NET EARNINGS PER COMMON SHARE
Basic	$ 0.99	$ 1.09	$ 0.98	$ 1.02
Diluted	$ 0.99	$ 1.09	$ 0.98	$ 1.02
Weighted average common shares outstanding:
Basic	750,001	754,862	751,900	756,467
Diluted	750,001	754,862	751,900	756,467
Park [Member]
Total revenue	$ 3,424,373	$ 3,397,658	$ 7,744,685	$ 7,096,033
Animals [Member]
Total revenue	$ 74,930	$ 78,262	$ 144,363	$ 152,366

Consolidated Statements of Cash Flows (Unaudited) - USD ($)	9 Months Ended
	Jun. 28, 2026	Jun. 29, 2025
CASH FLOWS FROM OPERATING ACTIVITIES
Net income	$ 736,240	$ 769,649
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization expense	648,051	659,619
Amortization of debt issuance costs	4,769	4,716
Interest accrued on certificates of deposit		(3,368)
Former 2025 Term Loan accrued interest added to principal	812
Deferred income taxes	187,724	263,300
(Gain) loss on disposal of property and equipment, net	(3,799)	13,698
Change in assets and liabilities:
Accounts receivable, net	18,016	34,570
Inventories, net	(8,289)	33,993
Prepaid expenses and other current assets	28,870	227,251
Accounts payable	21,138	(1,153,055)
Other current liabilities	(160,962)	32,512
Net cash provided by operating activities	1,472,570	882,885
CASH FLOWS FROM INVESTING ACTIVITIES
Maturity of certificates of deposit, including interest		838,442
Purchases of property and equipment	(545,626)	(1,181,849)
Proceeds from sales of property and equipment	6,897	24,000
Net cash (used in) investing activities	(538,729)	(319,407)
CASH FLOWS FROM FINANCING ACTIVITIES
Payoff of 2020 Term Loan		(2,389,544)
Purchases of treasury stock	(151,989)
Reverse Forward Stock Split payment of fractional shares		(141,168)
Net cash (used in) financing activities	(466,481)	(365,111)
NET INCREASE IN CASH AND CASH EQUIVALENTS	467,360	198,367
CASH AND CASH EQUIVALENTS
Beginning of period	3,877,394	2,489,294
End of period	4,344,754	2,687,661
SUPPLEMENTAL CASH FLOW INFORMATION:
Purchases of property and equipment in accounts payable	58,670
Cash paid for interest	141,520	148,575
Cash paid (refunded) for income taxes	8,000	(79,242)
Former Two Thousand Twenty Five Term Loan [Member]
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from Term Loan		2,500,000
Payments on Term Loan	(82,124)	(64,282)
2021 Term Loan [Member]
CASH FLOWS FROM FINANCING ACTIVITIES
Payments on Term Loan	(217,472)	(209,401)
2025 Term Loan [Member]
CASH FLOWS FROM FINANCING ACTIVITIES
Payments on Current 2025 Term Loan debt issuance costs		(60,716)
Current Two Thousand And Twenty Five Term Loan [Member]
CASH FLOWS FROM FINANCING ACTIVITIES
Payments on Current 2025 Term Loan debt issuance costs	$ (14,896)

Consolidated Balance Sheets - USD ($)	Jun. 28, 2026	Sep. 28, 2025
ASSETS
Cash and cash equivalents	$ 4,344,754	$ 3,877,394
Accounts receivable, net	277	18,293
Inventories, net	321,845	313,556
Prepaid expenses and other current assets	200,141	231,678
Total current assets	4,867,017	4,440,921
Property and equipment, net	14,984,177	15,023,230
Intangible assets, net	14,815	22,615
Other assets	15,343	12,676
TOTAL ASSETS	19,881,352	19,499,442
Current liabilities
Accounts payable	172,416	92,608
Other current liabilities	506,281	667,243
Current portion of long-term debt	342,064	397,830
Total current liabilities	1,020,761	1,157,681
Long-term debt, net	2,534,573	2,787,718
Other liabilities	66,358
Deferred tax liability, net	460,700	288,901
TOTAL LIABILITIES	4,082,392	4,234,300
STOCKHOLDERS’ EQUITY
Preferred stock, par value $.001 - authorized: 10,000,000 shares; zero shares issued and outstanding
Common stock, par value $.001 - authorized: 300,000,000 shares; 753,577 and 753,577 shares issued and 749,709 and 753,577 outstanding, respectively	754	754
Additional paid-in capital	5,093,567	5,093,567
Treasury stock, at cost, 3,868 and zero shares, respectively	(151,989)
Accumulated other comprehensive loss	(50,433)
Retained earnings	10,907,061	10,170,821
TOTAL STOCKHOLDERS’ EQUITY	15,798,960	15,265,142
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY	$ 19,881,352	$ 19,499,442