v3.25.2
Consolidated Balance Sheets (Unaudited) - USD ($)
Jun. 29, 2025
Sep. 29, 2024
ASSETS    
Cash and cash equivalents $ 2,687,661 $ 2,489,294
Short-term investments 835,074
Accounts receivable 29,214 63,784
Inventory 338,408 372,401
Prepaid expenses 174,956 396,308
Total current assets 3,230,239 4,156,861
Property and equipment, net 15,323,153 14,829,612
Intangible assets, net 24,002 33,011
Deferred tax asset, net 156,012
Other assets 12,676 18,575
TOTAL ASSETS 18,590,070 19,194,071
Current Liabilities    
Accounts payable 128,911 1,281,966
Other current liabilities 498,667 466,155
Current portion of long-term debt, net 392,698 809,892
Total current liabilities 1,020,276 2,558,013
Long-term debt, net 2,885,798 2,687,831
Deferred tax liability, net 107,288
TOTAL LIABILITIES 4,013,362 5,245,844
STOCKHOLDERS’ EQUITY    
Preferred stock, par value $.001 – authorized 10,000,000 shares; no shares issued
Common stock, par value $.001 – authorized 300,000,000 shares; issued and outstanding: 753,607 and 757,270, respectively shares issued and outstanding, respectively [1] 754 757
Capital in excess of par 5,093,567 5,234,732
Retained earnings 9,482,387 8,712,738
TOTAL STOCKHOLDERS’ EQUITY 14,576,708 13,948,227
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 18,590,070 $ 19,194,071
[1] Prior period amounts have been adjusted to reflect the Reverse/Forward Stock Split that became effective on April 30, 2025. Refer to Note 6, Stockholders Equity for further information about the Reverse/Forward Stock Split.