2021 Q4 Form 10-K Financial Statement
#000165495422003580 Filed on March 22, 2022
Income Statement
Concept | 2021 Q4 | 2021 Q3 | 2021 |
---|---|---|---|
Revenue | $3.594K | $3.424M | $13.88M |
YoY Change | -99.89% | 16.54% | 20.36% |
Cost Of Revenue | $2.795M | $2.512M | $9.502M |
YoY Change | 16.94% | 27.65% | 33.41% |
Gross Profit | $798.4K | $911.9K | $4.383M |
YoY Change | -9.0% | -5.99% | -0.69% |
Gross Profit Margin | 22215.64% | 26.63% | 31.57% |
Selling, General & Admin | $504.3K | $506.0K | $1.791M |
YoY Change | 8.91% | 9.9% | 4.28% |
% of Gross Profit | 63.16% | 55.49% | 40.85% |
Research & Development | |||
YoY Change | |||
% of Gross Profit | |||
Depreciation & Amortization | $522.2K | $262.7K | $1.330M |
YoY Change | 158.77% | 41.57% | -7.21% |
% of Gross Profit | 65.4% | 28.81% | 30.34% |
Operating Expenses | $904.2K | $2.512M | $9.502M |
YoY Change | 55.13% | 27.65% | 33.41% |
Operating Profit | -$106.00 | $264.0K | $1.744M |
YoY Change | -100.04% | -35.77% | -24.65% |
Interest Expense | -$345.4K | $343.2K | $1.362M |
YoY Change | 2.48% | 4.68% | -28.87% |
% of Operating Profit | 129.99% | 78.09% | |
Other Income/Expense, Net | $0.00 | $3.160M | $0.00 |
YoY Change | -100.0% | 25.08% | -100.0% |
Pretax Income | -$451.00 | -$79.00K | $382.0K |
YoY Change | -99.99% | -195.18% | -108.41% |
Income Tax | -$127.5K | $0.00 | -$127.5K |
% Of Pretax Income | -33.38% | ||
Net Earnings | -$324.00 | -$79.00K | $509.5K |
YoY Change | -99.99% | -195.18% | -109.47% |
Net Earnings / Revenue | -9.02% | -2.31% | 3.67% |
Basic Earnings Per Share | -$0.01 | $0.00 | $0.02 |
Diluted Earnings Per Share | -$0.01 | $0.00 | $0.02 |
COMMON SHARES | |||
Basic Shares Outstanding | 22.22M shares | 22.22M shares | 22.22M shares |
Diluted Shares Outstanding | 23.52M shares | 23.64M shares |
Balance Sheet
Concept | 2021 Q4 | 2021 Q3 | 2021 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $1.264M | $1.789M | $1.264M |
YoY Change | 5.79% | 8.77% | 5.79% |
Cash & Equivalents | $1.264M | $1.789M | |
Short-Term Investments | |||
Other Short-Term Assets | $415.3K | $371.9K | $415.3K |
YoY Change | 4.9% | -25.56% | 4.9% |
Inventory | $994.1K | $919.2K | $994.1K |
Prepaid Expenses | $415.3K | $371.8K | |
Receivables | $324.4K | $931.0K | $904.5K |
Other Receivables | $0.00 | $0.00 | $0.00 |
Total Short-Term Assets | $3.577M | $4.011M | $3.577M |
YoY Change | 6.46% | 0.28% | 6.46% |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | $5.150M | $4.642M | $11.15M |
YoY Change | 13.21% | -44.1% | 4.85% |
Goodwill | $278.5K | $278.5K | |
YoY Change | 0.0% | ||
Intangibles | |||
YoY Change | |||
Long-Term Investments | |||
YoY Change | |||
Other Assets | $324.4K | $281.9K | $4.042M |
YoY Change | 60.63% | -94.18% | 2.63% |
Total Long-Term Assets | $15.80M | $14.80M | $15.80M |
YoY Change | 4.93% | -20.25% | 4.93% |
TOTAL ASSETS | |||
Total Short-Term Assets | $3.577M | $4.011M | $3.577M |
Total Long-Term Assets | $15.80M | $14.80M | $15.80M |
Total Assets | $19.38M | $18.81M | $19.38M |
YoY Change | 5.21% | -16.61% | 5.21% |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $919.2K | $482.6K | $919.2K |
YoY Change | 4.45% | -11.39% | 4.68% |
Accrued Expenses | $656.2K | $393.5K | $656.2K |
YoY Change | 59.26% | 14.79% | 59.26% |
Deferred Revenue | |||
YoY Change | |||
Short-Term Debt | $0.00 | $0.00 | $0.00 |
YoY Change | |||
Long-Term Debt Due | |||
YoY Change | |||
Total Short-Term Liabilities | $1.575M | $876.1K | $1.575M |
YoY Change | 22.11% | -1.28% | 22.11% |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $8.496M | $8.381M | $8.496M |
YoY Change | 5.63% | 5.64% | 5.63% |
Other Long-Term Liabilities | $6.410M | $6.344M | $6.410M |
YoY Change | -4.71% | 15.76% | -4.71% |
Total Long-Term Liabilities | $14.91M | $14.73M | $14.91M |
YoY Change | 0.92% | 9.77% | 0.92% |
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $1.575M | $876.1K | $1.575M |
Total Long-Term Liabilities | $14.91M | $14.73M | $14.91M |
Total Liabilities | $16.48M | $15.60M | $16.48M |
YoY Change | 2.62% | 9.09% | 2.62% |
SHAREHOLDERS EQUITY | |||
Retained Earnings | -$21.90M | -$21.57M | |
YoY Change | -2.27% | ||
Common Stock | $24.79M | $24.78M | |
YoY Change | 0.11% | ||
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | |||
YoY Change | |||
Treasury Stock Shares | |||
Shareholders Equity | $2.895M | $3.211M | $2.895M |
YoY Change | |||
Total Liabilities & Shareholders Equity | $19.38M | $18.81M | $19.38M |
YoY Change | 5.21% | -16.61% | 5.21% |
Cashflow Statement
Concept | 2021 Q4 | 2021 Q3 | 2021 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | -$324.00 | -$79.00K | $509.5K |
YoY Change | -99.99% | -195.18% | -109.47% |
Depreciation, Depletion And Amortization | $522.2K | $262.7K | $1.330M |
YoY Change | 158.77% | 41.57% | -7.21% |
Cash From Operating Activities | $357.6K | $275.3K | $1.519M |
YoY Change | -47.77% | -4.69% | -9.36% |
INVESTING ACTIVITIES | |||
Capital Expenditures | -$883.4K | -$502.7K | $1.450M |
YoY Change | -21.94% | 134.09% | -30.46% |
Acquisitions | |||
YoY Change | |||
Other Investing Activities | |||
YoY Change | |||
Cash From Investing Activities | -$883.4K | -$502.7K | -$1.450M |
YoY Change | -21.94% | 134.09% | -30.46% |
FINANCING ACTIVITIES | |||
Cash Dividend Paid | |||
YoY Change | |||
Common Stock Issuance & Retirement, Net | $0.00 | ||
YoY Change | -100.0% | ||
Debt Paid & Issued, Net | |||
YoY Change | |||
Cash From Financing Activities | 0.000 | 0.000 | $0.00 |
YoY Change | -100.0% | -100.0% | -100.0% |
NET CHANGE | |||
Cash From Operating Activities | 357.6K | 275.3K | $1.519M |
Cash From Investing Activities | -883.4K | -502.7K | -$1.450M |
Cash From Financing Activities | 0.000 | 0.000 | $0.00 |
Net Change In Cash | -525.8K | -227.4K | $69.15K |
YoY Change | 16.65% | -436.24% | -92.92% |
FREE CASH FLOW | |||
Cash From Operating Activities | $357.6K | $275.3K | $1.519M |
Capital Expenditures | -$883.4K | -$502.7K | $1.450M |
Free Cash Flow | $1.241M | $777.9K | $69.15K |
YoY Change | -31.68% | 54.49% | -116.91% |
Facts In Submission
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CY2020 | us-gaap |
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CY2021 | us-gaap |
Increase Decrease In Prepaid Expense
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Increase Decrease In Other Operating Assets
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CY2020 | us-gaap |
Increase Decrease In Other Operating Assets
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CY2021 | us-gaap |
Increase Decrease In Other Operating Assets
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CY2019 | us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
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CY2020 | us-gaap |
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NetCashProvidedByUsedInOperatingActivities
|
1675747 | USD |
CY2021 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
1518929 | USD |
CY2019 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
289351 | USD |
CY2020 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
2084710 | USD |
CY2021 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
1449779 | USD |
CY2019 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-289351 | USD |
CY2020 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-2084710 | USD |
CY2021 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-1449779 | USD |
CY2019 | us-gaap |
Repayments Of Bank Debt
RepaymentsOfBankDebt
|
998271 | USD |
CY2020 | us-gaap |
Repayments Of Bank Debt
RepaymentsOfBankDebt
|
4379024 | USD |
CY2021 | us-gaap |
Repayments Of Bank Debt
RepaymentsOfBankDebt
|
0 | USD |
CY2019 | us-gaap |
Repayments Of Convertible Debt
RepaymentsOfConvertibleDebt
|
0 | USD |
CY2021 | us-gaap |
Repayments Of Convertible Debt
RepaymentsOfConvertibleDebt
|
0 | USD |
CY2019 | us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
0 | USD |
CY2020 | us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
7039218 | USD |
CY2021 | us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
0 | USD |
CY2019 | us-gaap |
Operating Lease Payments Use
OperatingLeasePaymentsUse
|
78785 | USD |
CY2020 | us-gaap |
Operating Lease Payments Use
OperatingLeasePaymentsUse
|
0 | USD |
CY2021 | us-gaap |
Operating Lease Payments Use
OperatingLeasePaymentsUse
|
0 | USD |
CY2019 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-1077056 | USD |
CY2021 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.02 | |
CY2021 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
0 | USD |
CY2019 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
141938 | USD |
CY2020 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
976231 | USD |
CY2021 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
69150 | USD |
CY2018Q4 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
76194 | USD |
CY2019Q4 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
218132 | USD |
CY2020Q4 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
1194363 | USD |
CY2019Q4 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
218132 | USD |
CY2020Q4 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
1194363 | USD |
CY2021Q4 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
1263513 | USD |
CY2016Q4 | nrom |
Number Of Issued Units
NumberOfIssuedUnits
|
32 | integer |
CY2016Q4 | nrom |
Purchase Price Shares
PurchasePriceShares
|
50000 | USD |
CY2016 | nrom |
Aggregate Shares Of Note Payable
AggregateSharesOfNotePayable
|
1600000 | USD |
CY2021Q4 | us-gaap |
Debt Instrument Convertible Conversion Price1
DebtInstrumentConvertibleConversionPrice1
|
0.57 | |
CY2020 | us-gaap |
Net Income Loss Attributable To Parent Diluted
NetIncomeLossAttributableToParentDiluted
|
-5319446 | USD |
CY2020 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
23465512 | shares |
CY2021 | us-gaap |
Net Income Loss
NetIncomeLoss
|
509465 | USD |
CY2021 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
22215512 | shares |
CY2021 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.02 | |
CY2021 | us-gaap |
Net Income Loss Attributable To Parent Diluted
NetIncomeLossAttributableToParentDiluted
|
571965 | USD |
CY2021 | us-gaap |
Use Of Estimates
UseOfEstimates
|
<p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:left;">Use of Estimates: The preparation of the consolidated financial statements in conformity with United States generally accepted accounting principles requires management to make estimates and assumptions that affect the amounts reported in the consolidated financial statements and accompanying notes. Actual results could differ from those estimates. After a thorough review by management in 2018, the Company permanently wrote off $1.3 million and created an additional reserve for possible non-collection of $2.8 million. After a review in 2019 and also considering the impact of the COVID-19 pandemic, it was decided to add an additional reserve of $1.3 million for possible non-collections. In 2020, in light of the additional uncertainty created as a result of the COVID-19 pandemic, the Company decided to create a reserve for uncollectability on all long-term franchisee receivables. The Company will continue to pursue collection where circumstances are appropriate and all collections of these receivables in the future will result in additional income at the time received. The Company evaluates its property and equipment and related costs periodically to assess whether any impairment indications are present, including recurring operating losses and significant adverse changes in legal factors or business climate that affect the recovery of recorded value. If any impairment of an individual asset is evident, a loss would be provided to reduce the carrying value to its estimated fair value. </p> | |
CY2021 | us-gaap |
Write Off Of Deferred Debt Issuance Cost
WriteOffOfDeferredDebtIssuanceCost
|
1300000 | USD |
CY2021Q4 | nrom |
Additional Reserve For Noncollection
AdditionalReserveForNoncollection
|
2800000 | USD |
CY2021Q4 | nrom |
Additional Reserve
AdditionalReserve
|
1300000 | USD |
CY2021Q4 | us-gaap |
Debt Issuance Costs Line Of Credit Arrangements Net
DebtIssuanceCostsLineOfCreditArrangementsNet
|
574776 | USD |
CY2021 | us-gaap |
Revenue Recognition Services Franchise Fees
RevenueRecognitionServicesFranchiseFees
|
<p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:left;">Royalties, Administrative and Franchise Fees: Royalties are generally recognized as income monthly based on a percentage of monthly sales of franchised or licensed restaurants and from audits and other inspections as they come due and payable by the franchisee. Fees from the retail products in grocery stores are recognized monthly based on the distributors’ sale of those retail products to the grocery stores or grocery store distributors. Administrative fees are recognized as income monthly as earned. The Company adopted Accounting Standards Updated (“ASU”) 2014-09 effective January 2018 which did not materially affect the Company's recognition of royalties, fees from the sale of retail products in grocery stores, administrative fees or sales from Company-owned restaurants. However, initial franchise fees and related contract costs are now deferred and amortized on a straight-line basis over the term of the franchise agreements, generally five to ten years. The effect to comparable periods within the financial statements is not material as the initial franchise fee for the non-traditional franchise is intended to defray the initial contract cost, and the franchise fees and contract costs initially incurred and paid approximate the relative amortized franchise fees and contract costs for those same periods.</p> | |
CY2019 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
23315695 | shares |
CY2019 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.02 | |
CY2020 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-5381946 | USD |
CY2020 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
22215512 | shares |
CY2020 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.24 | |
CY2019Q4 | us-gaap |
Operating Loss Carryforwards
OperatingLossCarryforwards
|
1700000 | USD |
CY2020 | nrom |
Additional Tax Expense
AdditionalTaxExpense
|
267528 | USD |
CY2020 | us-gaap |
Deferred Income Taxes And Tax Credits
DeferredIncomeTaxesAndTaxCredits
|
572400 | USD |
CY2019 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-378065 | USD |
CY2019 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
22052859 | shares |
CY2019 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.02 | |
CY2019 | us-gaap |
Net Income Loss Attributable To Parent Diluted
NetIncomeLossAttributableToParentDiluted
|
-316105 | USD |
CY2021Q4 | nrom |
Line Of Credit Principal
LineOfCreditPrincipal
|
8474985 | USD |
CY2021Q4 | us-gaap |
Unamortized Debt Issuance Expense
UnamortizedDebtIssuanceExpense
|
547007 | USD |
CY2020Q2 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
|
696000 | USD |
CY2021Q4 | us-gaap |
Line Of Credit
LineOfCredit
|
7927978 | USD |
CY2017Q1 | nrom |
Number Of Issued Units
NumberOfIssuedUnits
|
16 | integer |
CY2017Q1 | nrom |
Purchase Price Shares
PurchasePriceShares
|
800000 | USD |
CY2021 | nrom |
Unsecured Promissory Note
UnsecuredPromissoryNote
|
50000 | USD |
CY2021Q4 | nrom |
Warrant Purchase Shares
WarrantPurchaseShares
|
50000 | shares |
CY2021Q4 | nrom |
Aggregate Principal Amount Of Note Payable
AggregatePrincipalAmountOfNotePayable
|
50000 | USD |
CY2021Q4 | us-gaap |
Derivative Fixed Interest Rate
DerivativeFixedInterestRate
|
0.10 | pure |
CY2021Q4 | us-gaap |
Deferred Tax Assets Net
DeferredTaxAssetsNet
|
3200000 | USD |
CY2021 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedWeightedAverageGrantDateFairValue
|
0.66 | |
CY2019 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
|
0.66 | |
CY2020 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
|
0.40 | |
CY2021 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
|
0.70 | |
CY2019 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
18829 | USD |
CY2019 | nrom |
Tax Benefit
TaxBenefit
|
4995 | USD |
CY2020 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
21536 | USD |
CY2020 | nrom |
Tax Benefit
TaxBenefit
|
5168 | USD |
CY2021 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
28119 | USD |
CY2021 | nrom |
Description Of Interest On Accrued Notes
DescriptionOfInterestOnAccruedNotes
|
the Company offered to extend the maturity of the Notes and the expiration date of the Warrants to January 2023. Certain of the holders of the Notes and Warrants accepted the Company’s offer. Accordingly, of the principal amount of the Notes, holders of $775,000 in principal amount extended their Notes until January 31, 2023. In 2018 and 2019, holders of $500,000 in principal amount of the Notes converted those Notes to 1,000,000 shares of the Company’s Common Stock in accordance with the terms of the Note. In February 2020, in conjunction with the Company’s refinancing of its debt, $1,275,000 in principal amount of those Notes was repaid leaving a balance of $625,000 which mature on January 31, 2023. The holders of the remaining $625,000 principal amount of Notes can elect, at their option any time prior to maturity, convert those Notes to Common Stock in accordance with the terms of the Notes. | |
CY2020Q1 | nrom |
Description Of Warrant Price
DescriptionOfWarrantPrice
|
Warrants at a price of $0.001 per share of Common Stock subject to the Warrant upon 30 days’ notice if the daily average weighted trading price of the Common Stock equals or exceeds $2.00 per share for a period of 30 consecutive trading days. | |
CY2021Q4 | us-gaap |
Debt Instrument Face Amount
DebtInstrumentFaceAmount
|
625000 | USD |
CY2021Q4 | us-gaap |
Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
|
597229 | USD |
CY2021Q4 | us-gaap |
Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
|
1360000 | USD |
CY2020Q4 | us-gaap |
Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
|
1900000 | USD |
CY2021 | nrom |
Tax Benefit
TaxBenefit
|
6861 | USD |
CY2021Q4 | us-gaap |
Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Stock Options
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedStockOptions
|
50941 | USD |
CY2021 | us-gaap |
Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
|
P36Y | |
CY2020Q1 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
|
-337000 | USD |
CY2020Q4 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-5906000 | USD |
CY2020Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
83000 | USD |
CY2021 | us-gaap |
Revenue Recognition Services Royalty Fees
RevenueRecognitionServicesRoyaltyFees
|
<p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:left;"><strong>Note 4: Royalties and Fees</strong></p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:left;"> </p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:left;">Approximately $307,000, $198,000 and $204,000 are included in 2019, 2020 and 2021, respectively, royalties and fees in the Consolidated Statements of Operations for amortized initial franchise fees. Also included in royalties and fees were approximately $70,000, $45,000 and $32,000 in 2019, 2020 and 2021, respectively, for equipment commissions. Most of the cost for the services required to be performed by the Company are incurred prior to the franchise fee income being recorded which is based on contractual liability for the franchisee. Such incremental costs, include training, design and related travel cost to new franchises. The deferred contract income and costs approximated $834,000 on December 31, 2020 and $810,000 on December 31, 2021.</p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:left;"> </p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:left;">In conjunction with the development of Noble Roman’s Pizza and Tuscano’s Italian Style Subs, the Company has devised its own recipes for many of the ingredients that go into the making of its products (“Proprietary Products”). The Company contracts with various manufacturers to manufacture its Proprietary Products in accordance with the Company’s recipes and formulas and to sell those products to authorized distributors at a contract price which includes an allowance for use of the Company’s recipes. The manufacturing contracts also require the manufacturers to hold those allowances in trust and to remit those allowances to the Company on a periodic basis, usually monthly. The Company recognizes those allowances in revenue as earned based on sales reports from the distributors.</p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:left;"> </p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:left;">There were 3,069 franchised/licensed or Company-owned outlets in operation on December 31, 2021 and</p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:left;">3,064 on December 31, 2020. During 2021, 24 new franchised/licensed were opened and 19 franchised outlets left the system. Grocery stores are accustomed to adding products for a period of time, removing them for a period of time and possibly re-offering them. Therefore, it is unknown how many grocery store licenses, out of the total count of 2,403, have left the system.</p> | |
CY2020Q4 | nrom |
Deferred Contract Income And Costs
DeferredContractIncomeAndCosts
|
834000 | USD |
CY2021Q4 | nrom |
Deferred Contract Income And Costs
DeferredContractIncomeAndCosts
|
810000 | USD |
CY2021Q4 | us-gaap |
Number Of Stores
NumberOfStores
|
3069 | integer |
CY2020Q4 | us-gaap |
Number Of Stores
NumberOfStores
|
3064 | integer |
CY2021 | nrom |
Number Of Stores Opened
NumberOfStoresOpened
|
24 | integer |
CY2021 | nrom |
Number Of Stores Closed
NumberOfStoresClosed
|
19 | integer |
CY2021Q4 | us-gaap |
Operating Leases Future Minimum Payments Due
OperatingLeasesFutureMinimumPaymentsDue
|
15370000 | USD |
CY2021Q4 | us-gaap |
Operating Leases Future Minimum Payments Due Current
OperatingLeasesFutureMinimumPaymentsDueCurrent
|
656000 | USD |
CY2021Q4 | us-gaap |
Operating Leases Future Minimum Payments Due In Three Years
OperatingLeasesFutureMinimumPaymentsDueInThreeYears
|
4130000 | USD |
CY2021Q4 | us-gaap |
Operating Leases Future Minimum Payments Due In Five Years
OperatingLeasesFutureMinimumPaymentsDueInFiveYears
|
9130000 | USD |
CY2021Q4 | us-gaap |
Operating Leases Future Minimum Payments Due Thereafter
OperatingLeasesFutureMinimumPaymentsDueThereafter
|
1500000 | USD |
CY2021Q4 | us-gaap |
Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
|
0.07 | pure |
CY2021 | nrom |
Weighted Average Lease Term
WeightedAverageLeaseTerm
|
P7Y3M18D | |
CY2021 | us-gaap |
Lease Cost
LeaseCost
|
36222 | USD |
CY2021 | us-gaap |
Gain Loss On Sale Of Leased Assets Net Operating Leases
GainLossOnSaleOfLeasedAssetsNetOperatingLeases
|
12000000.0 | USD |
CY2021Q4 | nrom |
Outstanding Principal Balance
OutstandingPrincipalBalance
|
625000 | USD |
CY2021Q4 | nrom |
Convertible Note Common Stock Price Per Shares
ConvertibleNoteCommonStockPricePerShares
|
0.50 | |
CY2020Q3 | us-gaap |
Revenues
Revenues
|
2938000 | USD |
CY2020Q2 | us-gaap |
Revenues
Revenues
|
2610000 | USD |
CY2020Q1 | us-gaap |
Revenues
Revenues
|
2719000 | USD |
CY2020Q4 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
295000 | USD |
CY2020Q3 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
411000 | USD |
CY2020Q4 | us-gaap |
Deferred Tax Assets Net
DeferredTaxAssetsNet
|
3100000 | USD |
CY2020Q2 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
1019000 | USD |
CY2020Q1 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
589000 | USD |
CY2020Q4 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
|
-4984000 | USD |
CY2020Q3 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
|
83000 | USD |
CY2021 | nrom |
Warrants Purchase Shares
WarrantsPurchaseShares
|
775000 | shares |
CY2021 | nrom |
Maturity Date
MaturityDate
|
February 2023 | |
CY2021 | us-gaap |
Stock Issued During Period Shares Employee Stock Purchase Plans
StockIssuedDuringPeriodSharesEmployeeStockPurchasePlans
|
2250000 | shares |
CY2021Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
|
3813667 | shares |
CY2021 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
|
0.20 | pure |
CY2021 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
|
P3Y | |
CY2021 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate Minimum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRateMinimum
|
0.0168 | pure |
CY2021 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate Maximum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRateMaximum
|
0.0282 | pure |
CY2018Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
|
3643667 | shares |
CY2019 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
|
529500 | shares |
CY2019 | us-gaap |
Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
|
0 | shares |
CY2019 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
|
195000 | shares |
CY2019Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
|
3978167 | shares |
CY2020 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
|
443500 | shares |
CY2020 | us-gaap |
Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
|
0 | shares |
CY2020 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
|
0 | shares |
CY2020Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
|
4421667 | shares |
CY2021 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
|
463500 | shares |
CY2021 | us-gaap |
Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
|
0 | shares |
CY2021 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
|
30000 | shares |
CY2021Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
|
4855167 | shares |
CY2019 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
|
529500 | shares |
CY2019 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod
|
325000 | shares |
CY2019 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeited In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod
|
195000 | shares |
CY2019Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
|
731336 | shares |
CY2020 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
|
443500 | shares |
CY2020 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod
|
212500 | shares |
CY2020 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeited In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod
|
0 | shares |
CY2020Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
|
962336 | shares |
CY2021 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
|
463500 | shares |
CY2021 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod
|
354336 | shares |
CY2021 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeited In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod
|
30000 | shares |
CY2021Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
|
1041500 | shares |
CY2021 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
|
30000 | shares |
CY2021Q4 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedWeightedAverageGrantDateFairValue
|
0.58 | |
CY2021 | nrom |
Additional Expense For Rent
AdditionalExpenseForRent
|
36222 | USD |
CY2021Q4 | nrom |
Aggregate Principal Amount Of Note Payable
AggregatePrincipalAmountOfNotePayable
|
50000 | USD |
CY2021Q4 | nrom |
Warrant Purchase Shares
WarrantPurchaseShares
|
50000 | shares |
CY2021Q4 | us-gaap |
Revenues
Revenues
|
3594 | USD |
CY2021Q3 | us-gaap |
Revenues
Revenues
|
3424000 | USD |
CY2021Q2 | us-gaap |
Revenues
Revenues
|
3585000 | USD |
CY2021Q1 | us-gaap |
Revenues
Revenues
|
3282000 | USD |
CY2021Q4 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-106 | USD |
CY2021Q3 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
264000 | USD |
CY2021Q2 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
424000 | USD |
CY2021Q1 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
1162000 | USD |
CY2021Q4 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
|
-451 | USD |
CY2021Q3 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
|
-79000 | USD |
CY2021Q2 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
|
85000 | USD |
CY2021Q1 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
|
827000 | USD |
CY2021Q4 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-324 | USD |
CY2021Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-79000 | USD |
CY2021Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
85000 | USD |
CY2021Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
827000 | USD |
CY2021Q4 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.01 | |
CY2021Q3 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0 | |
CY2021Q2 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0 | |
CY2021Q1 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.04 | |
CY2020Q1 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.01 | |
CY2021Q3 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0 | |
CY2021Q2 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0 | |
CY2021Q1 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.04 | |
CY2020Q4 | us-gaap |
Revenues
Revenues
|
3268000 | USD |
CY2020Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
696000 | USD |
CY2020Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-255000 | USD |
CY2020Q4 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.26 | |
CY2020Q3 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.00 | |
CY2020Q2 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.03 | |
CY2021Q4 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.01 | |
CY2020Q4 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.26 | |
CY2020Q3 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.00 | |
CY2020Q2 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.03 | |
CY2020Q1 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.01 |