2023 Q3 Form 10-Q Financial Statement

#000149315223028815 Filed on August 15, 2023

View on sec.gov

Income Statement

Concept 2023 Q3 2022 Q4 2022 Q3
Revenue $2.850M $3.066M $3.644M
YoY Change -21.79% -6.67% -5.93%
Cost Of Revenue $374.1K $359.9K $461.1K
YoY Change -18.86% -14.91%
Gross Profit $2.476M $2.706M $3.183M
YoY Change -22.22% -5.46%
Gross Profit Margin 86.87% 88.26% 87.35%
Selling, General & Admin $1.825M $1.804M $1.880M
YoY Change -2.95% 15.15% 24.2%
% of Gross Profit 73.71% 66.66% 59.07%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $217.6K $204.8K $192.6K
YoY Change 13.02% 13.67% 4.73%
% of Gross Profit 8.79% 7.57% 6.05%
Operating Expenses $1.825M $2.009M $1.880M
YoY Change -2.95% 15.0% 24.2%
Operating Profit $697.6K $697.3K $1.021M
YoY Change -31.7% -37.49% -38.82%
Interest Expense $54.51K -$59.15K $65.80K
YoY Change -17.16% -13.49% -28.44%
% of Operating Profit 7.81% -8.48% 6.44%
Other Income/Expense, Net $3.430K $22.95K $22.03K
YoY Change -84.43% 9.29%
Pretax Income $646.5K $638.7K $977.6K
YoY Change -33.87% -37.32% -41.08%
Income Tax $134.5K $156.3K $258.9K
% Of Pretax Income 20.8% 24.47% 26.48%
Net Earnings $512.0K $482.4K $718.7K
YoY Change -28.76% -37.0% -43.27%
Net Earnings / Revenue 17.97% 15.74% 19.72%
Basic Earnings Per Share $0.01 $0.01
Diluted Earnings Per Share $0.01 $6.413K $9.554K
COMMON SHARES
Basic Shares Outstanding 75.44M shares 75.23M shares 75.23M shares
Diluted Shares Outstanding 75.44M shares 75.17M shares

Balance Sheet

Concept 2023 Q3 2022 Q4 2022 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $2.876M $5.472M $5.300M
YoY Change -45.74% -17.77%
Cash & Equivalents $2.876M $5.472M $5.300M
Short-Term Investments
Other Short-Term Assets $760.1K $170.8K $275.1K
YoY Change 176.33% -2.55%
Inventory $469.3K $542.0K $587.7K
Prepaid Expenses $760.1K $170.8K $275.1K
Receivables $674.0K $4.405K $3.877K
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $4.779M $6.189M $6.166M
YoY Change -22.5% -13.42%
LONG-TERM ASSETS
Property, Plant & Equipment $15.40M $14.81M $14.72M
YoY Change 4.62% 7.28%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $20.91K $23.09K $16.97K
YoY Change 23.18% 44.55%
Total Long-Term Assets $15.49M $14.91M $15.05M
YoY Change 2.89% 7.81%
TOTAL ASSETS
Total Short-Term Assets $4.779M $6.189M $6.166M
Total Long-Term Assets $15.49M $14.91M $15.05M
Total Assets $20.27M $21.10M $21.22M
YoY Change -4.48% 0.58%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $139.4K $267.6K $310.7K
YoY Change -55.15% 20.84%
Accrued Expenses $277.2K $328.0K $367.4K
YoY Change -24.54% 13.47%
Deferred Revenue $186.5K $193.9K $221.8K
YoY Change -15.9% -19.98%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $758.7K $732.8K $724.2K
YoY Change 4.76% 4.76%
Total Short-Term Liabilities $1.362M $1.522M $1.783M
YoY Change -23.62% 4.82%
LONG-TERM LIABILITIES
Long-Term Debt $3.655M $4.227M $4.413M
YoY Change -17.19% -14.77%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $3.655M $4.227M $4.413M
YoY Change -17.19% -14.77%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.362M $1.522M $1.783M
Total Long-Term Liabilities $3.655M $4.227M $4.413M
Total Liabilities $5.287M $5.750M $6.349M
YoY Change -16.72% -10.34%
SHAREHOLDERS EQUITY
Retained Earnings $9.804M $10.29M $9.809M
YoY Change -0.05% 7.61%
Common Stock $5.178M $75.23K $75.23K
YoY Change 6783.15% 0.14%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $14.98M $15.35M $14.87M
YoY Change
Total Liabilities & Shareholders Equity $20.27M $21.10M $21.22M
YoY Change -4.48% 0.58%

Cashflow Statement

Concept 2023 Q3 2022 Q4 2022 Q3
OPERATING ACTIVITIES
Net Income $512.0K $482.4K $718.7K
YoY Change -28.76% -37.0% -43.27%
Depreciation, Depletion And Amortization $217.6K $204.8K $192.6K
YoY Change 13.02% 13.67% 4.73%
Cash From Operating Activities -$232.2K $748.1K $1.116M
YoY Change -120.81% -22.47%
INVESTING ACTIVITIES
Capital Expenditures $568.3K -$351.4K -$323.8K
YoY Change -275.5% 246.42%
Acquisitions
YoY Change
Other Investing Activities $0.00 -$45.61K $10.16K
YoY Change -100.0% -2676.84%
Cash From Investing Activities -$568.3K -$397.0K -$313.7K
YoY Change 81.18% 298.37%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -185.3K -178.9K -176.8K
YoY Change 4.77% 4.8%
NET CHANGE
Cash From Operating Activities -232.2K 748.1K 1.116M
Cash From Investing Activities -568.3K -397.0K -313.7K
Cash From Financing Activities -185.3K -178.9K -176.8K
Net Change In Cash -985.8K 172.2K 625.2K
YoY Change -257.66% -75.21%
FREE CASH FLOW
Cash From Operating Activities -$232.2K $748.1K $1.116M
Capital Expenditures $568.3K -$351.4K -$323.8K
Free Cash Flow -$800.5K $1.099M $1.440M
YoY Change -155.61% 3.11%

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us-gaap Net Income Loss
NetIncomeLoss
245082 usd
us-gaap Depreciation And Amortization
DepreciationAndAmortization
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us-gaap Depreciation And Amortization
DepreciationAndAmortization
578225 usd
us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
154831 usd
PRKA Interest Expense Debt Financing Cost Amortization
InterestExpenseDebtFinancingCostAmortization
4416 usd
PRKA Interest Expense Debt Financing Cost Amortization
InterestExpenseDebtFinancingCostAmortization
4416 usd
us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
8043 usd
us-gaap Share Based Compensation
ShareBasedCompensation
115000 usd
us-gaap Share Based Compensation
ShareBasedCompensation
56903 usd
PRKA Deferred Tax Liabilitiy
DeferredTaxLiabilitiy
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us-gaap Asset Impairment Charges
AssetImpairmentCharges
271424 usd
us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
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us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
29160 usd
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
669551 usd
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-592 usd
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
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us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
273571 usd
us-gaap Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
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us-gaap Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
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us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-128195 usd
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
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us-gaap Increase Decrease In Other Current Liabilities
IncreaseDecreaseInOtherCurrentLiabilities
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us-gaap Increase Decrease In Other Current Liabilities
IncreaseDecreaseInOtherCurrentLiabilities
57780 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
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us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
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us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
1520980 usd
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
1488020 usd
us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
5466 usd
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
28161 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-1526446 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-1459859 usd
us-gaap Repayments Of Debt
RepaymentsOfDebt
357038 usd
us-gaap Repayments Of Debt
RepaymentsOfDebt
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PRKA Repayments Of Term Loan One
RepaymentsOfTermLoanOne
194137 usd
PRKA Repayments Of Term Loan One
RepaymentsOfTermLoanOne
186936 usd
us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
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us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-551175 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-687296 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-2596147 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-1354499 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
5472036 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
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CY2023Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
2875889 usd
CY2022Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
5299849 usd
us-gaap Interest Paid Net
InterestPaidNet
165863 usd
us-gaap Interest Paid Net
InterestPaidNet
198839 usd
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
125000 usd
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
260000 usd
us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
464492 usd
CY2022Q4 PRKA Accrued Property Taxes
AccruedPropertyTaxes
46814 usd
CY2023Q3 PRKA Other Accrued Liabilities
OtherAccruedLiabilities
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us-gaap Nature Of Operations
NatureOfOperations
<p id="xdx_807_eus-gaap--NatureOfOperations_z6pqZ0myywz7" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>NOTE 1. <span id="xdx_82C_zXuWHtWbuMj4">ORGANIZATION</span></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Parks! America, Inc. (“Parks!” or the “Company”) owns and operates through wholly owned subsidiaries three regional theme parks and is in the business of acquiring, developing and operating local and regional theme parks and attractions in the United States. The Company’s wholly owned subsidiaries are Wild Animal Safari, Inc. a Georgia corporation (“Wild Animal – Georgia”), Wild Animal, Inc., a Missouri corporation (“Wild Animal – Missouri”), and Aggieland-Parks, Inc., a Texas corporation (“Aggieland Wild Animal – Texas”). Wild Animal – Georgia owns and operates the Wild Animal Safari theme park in Pine Mountain, Georgia (the “Georgia Park”). Wild Animal – Missouri owns and operates the Wild Animal Safari theme park located in Strafford, Missouri (the “Missouri Park”). Aggieland Wild Animal – Texas owns and operates the Aggieland Wild Animal Safari theme park near Bryan/College Station, Texas (the “Texas Park”). The Company acquired the Georgia Park on June 13, 2005, the Missouri Park on March 5, 2008, and the Texas Park on July 27, 2020.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The Company was originally incorporated on <span id="xdx_903_edei--EntityIncorporationDateOfIncorporation_c20221003__20230702_zzgGwrgjHsPf" title="Date of incorporation">July 30, 1954</span> as Painted Desert Uranium &amp; Oil Co., Inc. in Washington State. On October 1, 2002, Painted Desert Uranium &amp; Oil Co., Inc. changed its name to Royal Pacific Resources, Inc. and its corporate domicile to the State of <span id="xdx_90A_edei--EntityIncorporationStateCountryCode_c20221003__20230702_zLIzS7wMhTr4" title="Incorporation state code">Nevada</span>. On December 19, 2003, Royal Pacific Resources, Inc. acquired the assets of Great Western Parks LLC pursuant to a Share Exchange Agreement that resulted in the Company assuming control and changing the corporate name to Great American Family Parks, Inc. The acquisition was accounted for as a reverse acquisition in which Great Western Parks was considered the acquirer of Royal Pacific Resources for reporting purposes. On June 11, 2008, the Company changed its name from Great American Family Parks, Inc. to Parks! America, Inc.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The Company’s Parks are open year-round, but experience increased seasonal attendance, typically beginning in the latter half of March through early September. Combined third and fourth quarter attendance based net sales were 62.1% and 60.3% of annual attendance based net sales for the Company’s 2022 and 2021 fiscal years, respectively.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p>
dei Entity Incorporation Date Of Incorporation
EntityIncorporationDateOfIncorporation
1954-07-30
dei Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
NV
us-gaap Use Of Estimates
UseOfEstimates
<p id="xdx_84C_eus-gaap--UseOfEstimates_zg9zFJsBEKQ6" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><i><span id="xdx_868_zaH10ke6X6X6">Estimates and Assumptions</span>: </i></b>Management uses estimates and assumptions in preparing financial statements in accordance with GAAP. Those estimates and assumptions affect the reported amounts of the assets and liabilities, the disclosure of contingent assets and liabilities, and the reported revenues and expenses. Actual results could vary from the estimates that were assumed in preparing these financial statements.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p>
us-gaap Fiscal Period
FiscalPeriod
<p id="xdx_841_eus-gaap--FiscalPeriod_zAz7aFzJTZ06" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><i><span id="xdx_864_zx1KGSPjBD5d">Fiscal Year End</span>: </i></b>The Company’s fiscal year-end is the Sunday closest to September 30, and its quarterly close dates are also determined by the Sunday closest to the end of each quarterly reporting period. For the 2023 fiscal year, October 1 will be the closest Sunday, and for the 2022 fiscal year, October 2 was the closest Sunday. This fiscal calendar aligns the Company’s fiscal periods closely with the seasonality of its business. The high season typically ends after the Labor Day holiday weekend. The period from October through early March is geared towards maintenance and preparation for the next busy season, which typically begins at Spring Break and runs through Labor Day.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p>
us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<p id="xdx_84B_eus-gaap--ConcentrationRiskCreditRisk_zzKVzqpLpo34" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><i><span id="xdx_864_z1NlUplvoSgg">Financial and Concentrations Risk</span>: </i></b>The Company does not have any significant concentrations. The Company maintains its cash in bank deposit accounts, which at times exceed federally insured limits.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>PARKS! AMERICA, INC. and SUBSIDIARIES</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">July 2, 2023</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>NOTE 2. SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p>
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AccountsReceivableNetCurrent
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CY2022Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
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CY2023Q3 us-gaap Accounts Receivable Net
AccountsReceivableNet
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CY2023Q3 us-gaap Inventory Net
InventoryNet
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CY2022Q4 us-gaap Inventory Net
InventoryNet
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CY2023Q3 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
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CY2022Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
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CY2023Q3 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
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CY2022Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
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CY2023Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
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CY2023Q3 us-gaap Depreciation
Depreciation
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CY2022Q3 us-gaap Depreciation
Depreciation
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us-gaap Depreciation
Depreciation
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us-gaap Depreciation
Depreciation
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CY2022Q4 PRKA Other Accrued Liabilities
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CY2023Q3 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
4484 usd
CY2022Q3 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
275 usd
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
13451 usd
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
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us-gaap Impairment Of Long Lived Assets To Be Disposed Of
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271424 usd
CY2023Q3 PRKA Deferred Revenue1
DeferredRevenue1
186499 usd
CY2022Q4 PRKA Deferred Revenue1
DeferredRevenue1
193912 usd
CY2023Q3 PRKA Accrued Wages And Payroll Taxes
AccruedWagesAndPayrollTaxes
83732 usd
CY2022Q4 PRKA Accrued Wages And Payroll Taxes
AccruedWagesAndPayrollTaxes
122265 usd
CY2023Q3 PRKA Accrued Sales Taxes
AccruedSalesTaxes
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CY2022Q4 PRKA Accrued Sales Taxes
AccruedSalesTaxes
49123 usd
CY2023Q3 PRKA Accrued Property Taxes
AccruedPropertyTaxes
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CY2023Q3 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
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CY2022Q4 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
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CY2023Q3 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
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CY2022Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
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CY2023Q3 us-gaap Marketing And Advertising Expense
MarketingAndAdvertisingExpense
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CY2022Q3 us-gaap Marketing And Advertising Expense
MarketingAndAdvertisingExpense
384025 usd
us-gaap Marketing And Advertising Expense
MarketingAndAdvertisingExpense
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us-gaap Marketing And Advertising Expense
MarketingAndAdvertisingExpense
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FinanceLeaseInterestExpense
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us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
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us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
8043 usd
CY2005Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Authorized
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized
5000000 shares
CY2005Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant
0 shares
CY2023Q3 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
0 usd
CY2022Q4 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
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CY2023Q1 us-gaap Revenue Remaining Performance Obligation Percentage
RevenueRemainingPerformanceObligationPercentage
0.10 pure
CY2023Q1 us-gaap Revenue Remaining Performance Obligation Percentage
RevenueRemainingPerformanceObligationPercentage
0.15 pure
us-gaap Costs And Expenses Related Party
CostsAndExpensesRelatedParty
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us-gaap Asset Impairment Charges
AssetImpairmentCharges
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CY2023Q3 us-gaap Investments
Investments
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us-gaap Increase Decrease In Recoverable Property Damage Costs
IncreaseDecreaseInRecoverablePropertyDamageCosts
687253 usd
CY2023Q3 us-gaap Interest Expense Debt
InterestExpenseDebt
54514 usd
CY2022Q3 us-gaap Interest Expense Debt
InterestExpenseDebt
65804 usd
CY2023Q3 PRKA Interest Expense Debt Financing Cost Amortization
InterestExpenseDebtFinancingCostAmortization
1472 usd
CY2022Q3 PRKA Interest Expense Debt Financing Cost Amortization
InterestExpenseDebtFinancingCostAmortization
1472 usd
us-gaap Interest Expense Debt
InterestExpenseDebt
169739 usd
us-gaap Interest Expense Debt
InterestExpenseDebt
202475 usd
us-gaap Debt Instrument Periodic Payment
DebtInstrumentPeriodicPayment
4416 usd
us-gaap Debt Instrument Periodic Payment
DebtInstrumentPeriodicPayment
4416 usd
CY2022Q3 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
3016 usd
us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
8043 usd
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
391582 usd
CY2023Q3 PRKA Refinancing Loan Principal Outstanding
RefinancingLoanPrincipalOutstanding
4458964 usd
CY2022Q4 PRKA Refinancing Loan Principal Outstanding
RefinancingLoanPrincipalOutstanding
5010136 usd
CY2023Q3 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
45502 usd
CY2022Q4 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
49915 usd
CY2023Q3 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
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CY2022Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
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CY2023Q3 us-gaap Long Term Debt Current
LongTermDebtCurrent
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CY2022Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
732779 usd
CY2023Q3 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
3654738 usd
CY2022Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
4227442 usd
CY2023Q3 us-gaap Long Term Debt Maturities Repayments Of Principal Remainder Of Fiscal Year
LongTermDebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear
187452 usd
CY2023Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
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CY2023Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
810137 usd
CY2023Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
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CY2023Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
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CY2023Q3 us-gaap Long Term Debt Maturities Repayments Of Principal After Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive
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CY2023Q3 us-gaap Long Term Debt
LongTermDebt
4458964 usd
CY2023Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Description
ShareBasedCompensationArrangementByShareBasedPaymentAwardDescription
On February 2, 2023, the Company declared its annual compensation award to seven directors for their service on the Board of Directors. Seven directors were awarded $10,000 each and three directors received a total of $10,000 for serving as committee chairpersons and as a non-employee officer, with such compensation to be paid all in shares of the Company’s common stock, all in cash or a combination thereof, at each director’s election. Five directors elected to receive all shares, one director elected to receive 60% in shares and 40% in cash, and one director elected all cash. Based on the closing stock price of $0.40 per share on February 2, 2023, a total of 162,500 shares were issued on March 9, 2023. The total compensation award cost of $80,000 was reported as an expense in the three month period ended July 2, 2023.
us-gaap Income Tax Expense Benefit
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CY2022Q3 us-gaap Loss Contingency Damages Paid Value
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CY2023Q3 us-gaap Revenues
Revenues
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CY2022Q3 us-gaap Revenues
Revenues
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us-gaap Revenues
Revenues
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us-gaap Revenues
Revenues
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CY2023Q3 us-gaap Revenues
Revenues
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CY2022Q3 us-gaap Revenues
Revenues
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us-gaap Revenues
Revenues
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us-gaap Revenues
Revenues
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CY2023Q3 PRKA Tornado Expenses And Writeoffs
TornadoExpensesAndWriteoffs
268776 usd
PRKA Tornado Expenses And Writeoffs
TornadoExpensesAndWriteoffs
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CY2022Q3 PRKA Legal Settlement
LegalSettlement
100000 usd
PRKA Legal Settlement
LegalSettlement
100000 usd
CY2023Q3 us-gaap Other Nonoperating Income
OtherNonoperatingIncome
3429 usd
CY2022Q3 us-gaap Other Nonoperating Income
OtherNonoperatingIncome
22030 usd
us-gaap Other Nonoperating Income
OtherNonoperatingIncome
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us-gaap Other Nonoperating Income
OtherNonoperatingIncome
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InterestExpense
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CY2022Q3 us-gaap Interest Expense
InterestExpense
65804 usd
us-gaap Interest Expense
InterestExpense
169739 usd
us-gaap Interest Expense
InterestExpense
202475 usd
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CY2022Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
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us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
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us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
391582 usd
CY2023Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
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IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
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us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
391582 usd
CY2023Q3 us-gaap Assets
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CY2022Q4 us-gaap Assets
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21103606 usd
CY2023Q3 us-gaap Assets
Assets
20269344 usd
CY2022Q4 us-gaap Assets
Assets
21103606 usd
CY2023Q3 us-gaap Long Term Debt Fair Value
LongTermDebtFairValue
4030000.00 usd
CY2022Q4 us-gaap Long Term Debt Fair Value
LongTermDebtFairValue
4610000 usd

Files In Submission

Name View Source Status
0001493152-23-028815-index-headers.html Edgar Link pending
0001493152-23-028815-index.html Edgar Link pending
0001493152-23-028815.txt Edgar Link pending
0001493152-23-028815-xbrl.zip Edgar Link pending
ex31-1.htm Edgar Link pending
ex31-2.htm Edgar Link pending
ex32-1.htm Edgar Link pending
Financial_Report.xlsx Edgar Link pending
form10q.htm Edgar Link pending
MetaLinks.json Edgar Link pending
prka-20230702.xsd Edgar Link pending
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FilingSummary.xml Edgar Link unprocessable
prka-20230702_cal.xml Edgar Link unprocessable
prka-20230702_lab.xml Edgar Link unprocessable
prka-20230702_pre.xml Edgar Link unprocessable
form10q_htm.xml Edgar Link completed
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report.css Edgar Link pending
Show.js Edgar Link pending
prka-20230702_def.xml Edgar Link unprocessable