$RAVE
RAVE RESTAURANT GROUP, INC.

2021 Q2 Form 10-K Financial Statement

#000114036121031888 Filed on September 21, 2021

View on sec.gov

Income Statement

Concept 2021 Q2 2021 2020 Q2
Revenue $2.379M $8.593M $1.620M
YoY Change 46.85% -14.31% -47.06%
Cost Of Revenue $35.00K $264.0K $90.00K
YoY Change -61.11% -39.86% -78.05%
Gross Profit $2.344M $8.329M $1.530M
YoY Change 53.2% -13.14% -42.48%
Gross Profit Margin 98.53% 96.93% 94.44%
Selling, General & Admin $1.289M $4.831M $930.0K
YoY Change 38.6% -13.11% -45.61%
% of Gross Profit 54.99% 58.0% 60.78%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $37.00K $131.0K $50.00K
YoY Change -26.0% -9.66% -37.5%
% of Gross Profit 1.58% 1.57% 3.27%
Operating Expenses $1.940M $7.392M $1.470M
YoY Change 31.97% -15.81% -45.96%
Operating Profit $404.0K $937.0K $60.00K
YoY Change 573.33% 15.82% -200.0%
Interest Expense -$23.00K $92.00K -$20.00K
YoY Change 15.0% -3.16% -33.33%
% of Operating Profit -5.69% 9.82% -33.33%
Other Income/Expense, Net $657.0K
YoY Change
Pretax Income $892.0K $1.491M $30.00K
YoY Change 2873.33% -1061.94% -102.8%
Income Tax -$34.00K -$29.00K $0.00
% Of Pretax Income -3.81% -1.95% 0.0%
Net Earnings $926.0K $1.520M $30.00K
YoY Change 2986.67% -135.91% -103.61%
Net Earnings / Revenue 38.92% 17.69% 1.85%
Basic Earnings Per Share $0.09
Diluted Earnings Per Share $43.60K $0.09 $1.972K
COMMON SHARES
Basic Shares Outstanding 18.00M 17.31M 15.46M
Diluted Shares Outstanding 18.11M

Balance Sheet

Concept 2021 Q2 2021 2020 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $8.330M $8.330M $2.970M
YoY Change 180.47% 180.47% 31.42%
Cash & Equivalents $8.330M $8.330M $2.969M
Short-Term Investments
Other Short-Term Assets $196.0K $196.0K $400.0K
YoY Change -51.0% -51.0% -31.03%
Inventory $0.00
Prepaid Expenses
Receivables $911.0K $946.0K $965.0K
Other Receivables $901.0K $901.0K $550.0K
Total Short-Term Assets $10.37M $10.37M $4.932M
YoY Change 110.32% 110.41% 4.87%
LONG-TERM ASSETS
Property, Plant & Equipment $445.0K $2.530M $366.0K
YoY Change 21.58% -35.62% -26.8%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $0.00 $0.00 $10.00K
YoY Change -100.0% -100.0% -99.77%
Total Long-Term Assets $2.972M $2.972M $4.773M
YoY Change -37.73% -37.82% -16.6%
TOTAL ASSETS
Total Short-Term Assets $10.37M $10.37M $4.932M
Total Long-Term Assets $2.972M $2.972M $4.773M
Total Assets $13.35M $13.35M $9.705M
YoY Change 37.51% 37.44% -6.92%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $644.0K $644.0K $850.0K
YoY Change -24.24% -24.24% -30.89%
Accrued Expenses $924.0K $1.389M $775.0K
YoY Change 19.23% -1.49% -7.07%
Deferred Revenue $626.0K $254.0K
YoY Change 146.46% -7.64%
Short-Term Debt $250.0K $250.0K $0.00
YoY Change
Long-Term Debt Due $1.576M $1.576M
YoY Change
Total Short-Term Liabilities $4.531M $4.531M $2.514M
YoY Change 80.23% 80.52% 5.72%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $2.210M
YoY Change -100.0% -100.0% 39.87%
Other Long-Term Liabilities $0.00 $3.081M $51.00K
YoY Change -100.0% -31.23% -29.17%
Total Long-Term Liabilities $0.00 $3.081M $51.00K
YoY Change -100.0% -53.95% -29.17%
TOTAL LIABILITIES
Total Short-Term Liabilities $4.531M $4.531M $2.514M
Total Long-Term Liabilities $0.00 $3.081M $51.00K
Total Liabilities $7.612M $7.612M $9.202M
YoY Change -17.28% -17.26% 53.57%
SHAREHOLDERS EQUITY
Retained Earnings -$7.196M -$8.716M
YoY Change -17.44% 94.42%
Common Stock $37.47M $33.76M
YoY Change 10.99% 0.62%
Preferred Stock
YoY Change
Treasury Stock (at cost) $24.54M $24.54M
YoY Change 0.0% -0.39%
Treasury Stock Shares $7.085M $7.085M
Shareholders Equity $5.733M $5.733M $503.0K
YoY Change
Total Liabilities & Shareholders Equity $13.35M $13.35M $9.705M
YoY Change 37.51% 37.44% -6.92%

Cashflow Statement

Concept 2021 Q2 2021 2020 Q2
OPERATING ACTIVITIES
Net Income $926.0K $1.520M $30.00K
YoY Change 2986.67% -135.91% -103.61%
Depreciation, Depletion And Amortization $37.00K $131.0K $50.00K
YoY Change -26.0% -9.66% -37.5%
Cash From Operating Activities $1.845M $1.485M $440.0K
YoY Change 319.32% -512.5% 83.33%
INVESTING ACTIVITIES
Capital Expenditures -$256.0K $212.0K -$10.00K
YoY Change 2460.0% 278.57%
Acquisitions
YoY Change
Other Investing Activities $8.000K $48.00K $0.00
YoY Change -60.0% -100.0%
Cash From Investing Activities -$248.0K -$238.0K $10.00K
YoY Change -2580.0% -455.22% -75.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $3.761M
YoY Change 953.5%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 250.0K 3.880M 990.0K
YoY Change -74.75% 288.39% 1550.0%
NET CHANGE
Cash From Operating Activities 1.845M 1.485M 440.0K
Cash From Investing Activities -248.0K -238.0K 10.00K
Cash From Financing Activities 250.0K 3.880M 990.0K
Net Change In Cash 1.847M 5.127M 1.440M
YoY Change 28.26% 626.2% 323.53%
FREE CASH FLOW
Cash From Operating Activities $1.845M $1.485M $440.0K
Capital Expenditures -$256.0K $212.0K -$10.00K
Free Cash Flow $2.101M $1.273M $450.0K
YoY Change 366.89% -406.01% 87.5%

Facts In Submission

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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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CY2021 dei Document Type
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2021-06-27
CY2021 dei Entity Registrant Name
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RAVE RESTAURANT GROUP, INC.
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0000718332
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1780000
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CY2021 rave Percentage Of Monthly Base Rent Elected To Defer Under Lease Agreement
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0.5
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CY2021 rave Other Lease Charges
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700000
CY2021 rave Defined Contribution Plan Minimum Age Limit For Eligibility To Participate In Plan
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P21Y

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