$RAVE
RAVE RESTAURANT GROUP, INC.

2020 Q2 Form 10-K Financial Statement

#000114036120021733 Filed on September 28, 2020

View on sec.gov

Income Statement

Concept 2020 Q2 2019 Q2 2019
Revenue $1.620M $3.060M $12.32M
YoY Change -47.06% 8.13% -18.53%
Cost Of Revenue $90.00K $410.0K $1.120M
YoY Change -78.05% 95.24% -69.35%
Gross Profit $1.530M $2.660M $11.20M
YoY Change -42.48% 1.92% -2.33%
Gross Profit Margin 94.44% 86.93% 90.91%
Selling, General & Admin $930.0K $1.710M $6.540M
YoY Change -45.61% 3.01% -18.86%
% of Gross Profit 60.78% 64.29% 58.4%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $50.00K $80.00K $423.0K
YoY Change -37.5% -46.67% -49.34%
% of Gross Profit 3.27% 3.01% 3.78%
Operating Expenses $1.470M $2.720M $10.79M
YoY Change -45.96% 9.24% -6.9%
Operating Profit $60.00K -$60.00K $409.0K
YoY Change -200.0% -150.0% -429.84%
Interest Expense -$20.00K -$30.00K $104.0K
YoY Change -33.33% 0.0% -43.17%
% of Operating Profit -33.33% 25.43%
Other Income/Expense, Net
YoY Change
Pretax Income $30.00K -$1.070M -$801.0K
YoY Change -102.8% 2575.0% -23.57%
Income Tax $0.00 -$240.0K -$51.00K
% Of Pretax Income 0.0%
Net Earnings $30.00K -$830.0K -$750.0K
YoY Change -103.61% -124.85% -139.23%
Net Earnings / Revenue 1.85% -27.12% -6.09%
Basic Earnings Per Share -$0.05
Diluted Earnings Per Share $1.972K -$55.08K -$0.05
COMMON SHARES
Basic Shares Outstanding 15.46M 15.07M
Diluted Shares Outstanding 15.07M

Balance Sheet

Concept 2020 Q2 2019 Q2 2019
SHORT-TERM ASSETS
Cash & Short-Term Investments $2.970M $2.260M $2.260M
YoY Change 31.42% 62.59% 62.59%
Cash & Equivalents $2.969M $2.264M $2.260M
Short-Term Investments
Other Short-Term Assets $400.0K $580.0K $580.0K
YoY Change -31.03% -28.4% -28.4%
Inventory $0.00 $7.000K $10.00K
Prepaid Expenses
Receivables $965.0K $1.191M $1.230M
Other Receivables $550.0K $0.00 $390.0K
Total Short-Term Assets $4.932M $4.703M $4.470M
YoY Change 4.87% -0.76% -5.7%
LONG-TERM ASSETS
Property, Plant & Equipment $366.0K $500.0K $500.0K
YoY Change -26.8% -66.89% -66.89%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $10.00K $4.290M $4.290M
YoY Change -99.77% 15.32% 15.32%
Total Long-Term Assets $4.773M $5.723M $5.960M
YoY Change -16.6% -8.39% -4.64%
TOTAL ASSETS
Total Short-Term Assets $4.932M $4.703M $4.470M
Total Long-Term Assets $4.773M $5.723M $5.960M
Total Assets $9.705M $10.43M $10.43M
YoY Change -6.92% -5.1% -5.1%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $850.0K $1.230M $1.230M
YoY Change -30.89% 59.74% 59.74%
Accrued Expenses $775.0K $834.0K $830.0K
YoY Change -7.07% -24.8% -25.23%
Deferred Revenue $254.0K $275.0K
YoY Change -7.64% 323.08%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $2.514M $2.378M $2.380M
YoY Change 5.72% 20.1% 20.2%
LONG-TERM LIABILITIES
Long-Term Debt $2.210M $1.580M $1.580M
YoY Change 39.87% 1.28% 1.28%
Other Long-Term Liabilities $51.00K $72.00K $2.030M
YoY Change -29.17% 71.43% 76.52%
Total Long-Term Liabilities $51.00K $72.00K $3.610M
YoY Change -29.17% 71.43% 33.21%
TOTAL LIABILITIES
Total Short-Term Liabilities $2.514M $2.378M $2.380M
Total Long-Term Liabilities $51.00K $72.00K $3.610M
Total Liabilities $9.202M $5.992M $5.990M
YoY Change 53.57% 27.84% 27.72%
SHAREHOLDERS EQUITY
Retained Earnings -$8.716M -$4.483M
YoY Change 94.42% 79.82%
Common Stock $33.76M $33.55M
YoY Change 0.62% 0.36%
Preferred Stock
YoY Change
Treasury Stock (at cost) $24.54M $24.63M
YoY Change -0.39% -0.02%
Treasury Stock Shares $7.085M $7.117M
Shareholders Equity $503.0K $4.434M $4.430M
YoY Change
Total Liabilities & Shareholders Equity $9.705M $10.43M $10.43M
YoY Change -6.92% -5.1% -5.1%

Cashflow Statement

Concept 2020 Q2 2019 Q2 2019
OPERATING ACTIVITIES
Net Income $30.00K -$830.0K -$750.0K
YoY Change -103.61% -124.85% -139.23%
Depreciation, Depletion And Amortization $50.00K $80.00K $423.0K
YoY Change -37.5% -46.67% -49.34%
Cash From Operating Activities $440.0K $240.0K $659.0K
YoY Change 83.33% -54.72% -116.89%
INVESTING ACTIVITIES
Capital Expenditures -$10.00K $0.00 $81.00K
YoY Change -100.0% -92.51%
Acquisitions
YoY Change
Other Investing Activities $0.00 $40.00K $210.0K
YoY Change -100.0% -50.0% -88.27%
Cash From Investing Activities $10.00K $40.00K $131.0K
YoY Change -75.0% -140.0% -81.5%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $88.00K
YoY Change -98.28%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 990.0K 60.00K 88.00K
YoY Change 1550.0% -700.0% -97.87%
NET CHANGE
Cash From Operating Activities 440.0K 240.0K 659.0K
Cash From Investing Activities 10.00K 40.00K 131.0K
Cash From Financing Activities 990.0K 60.00K 88.00K
Net Change In Cash 1.440M 340.0K 878.0K
YoY Change 323.53% -19.05% -6.1%
FREE CASH FLOW
Cash From Operating Activities $440.0K $240.0K $659.0K
Capital Expenditures -$10.00K $0.00 $81.00K
Free Cash Flow $450.0K $240.0K $578.0K
YoY Change 87.5% -66.67% -111.6%

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<div style="font-family: 'Times New Roman'; font-size: 10pt;"><div style="text-align: justify; color: rgb(0, 0, 0); font-style: italic; font-weight: bold;">Use of Management Estimates:</div><div><br /></div><div style="text-align: justify; text-indent: 36pt; color: rgb(0, 0, 0);">The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires the Company&#8217;s management to make estimates and assumptions that affect its reported amounts of assets, liabilities, revenues, expenses and related disclosure of contingent liabilities.&#160; The Company bases its estimates on historical experience and other various assumptions that it believes are reasonable under the circumstances.&#160; Estimates and assumptions are reviewed periodically.&#160; Actual results could differ materially from estimates.</div></div>
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2020-06-28
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TX
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CY2020 dei Entity Registrant Name
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RAVE RESTAURANT GROUP, INC.
CY2020 dei Entity Central Index Key
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0000718332
CY2020Q3 dei Entity Common Stock Shares Outstanding
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15465222
CY2020 dei Document Fiscal Year Focus
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2020
CY2020 dei Document Fiscal Period Focus
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CY2020 dei Document Type
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CY2020 dei Entity Interactive Data Current
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CY2020 dei Entity Shell Company
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CY2020Q2 rave Future Minimum Sublease Rental Sale Leaseback Transactions
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CY2020 rave Provision For Doubtful Accounts From Notes Receivable
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CY2019 rave Provision For Doubtful Accounts From Accounts Receivable
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CY2020 rave Increase Decrease In Prepaid Expense Deposits And Other Assets
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CY2019 rave Increase Decrease In Prepaid Expense Deposits And Other Assets
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CY2019Q2 rave Paycheck Protection Program Loan
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rave-20200628_def.xml Edgar Link unprocessable
rave-20200628_lab.xml Edgar Link unprocessable
rave-20200628_pre.xml Edgar Link unprocessable
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