Note 1 - The accompanying unaudited interim condensed consolidated financial statements included herein, have been prepared by the Company pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”).  Certain information and footnote disclosures normally included in financial statements prepared in accordance with generally accepted accounting principles have been condensed or omitted pursuant to such rules and regulations. These condensed consolidated statements have been prepared in accordance with the Company’s accounting policies described in the Company’s Annual Report on Form 10-K for the year ended December 31, 2025 (the “2025 Form 10-K”) and should be read in conjunction with the audited consolidated financial statements and the notes thereto included in that report.  Unless the context indicates otherwise, references to the “Company” mean Noble Roman’s, Inc. and its subsidiary.

In the opinion of the management of the Company, the information contained herein reflects all adjustments necessary for a fair presentation of the results of operations and cash flows for the interim periods presented and the financial condition as of the dates indicated, which adjustments are of a normal recurring nature.  The results for the three-month and six-month periods ended June 30, 2026 are not necessarily indicative of the results to be expected for the full year ending December 31, 2026. 

Recent Accounting Pronouncements

There have been no material changes to the Company's evaluation of recently issued accounting standards from those disclosed in Note 1, "Recently Adopted Accounting Standards" and “Recently Issued Accounting Standards Not Yet Adopted,” included in the Company's Annual Report on Form 10-K for the year ended December 31, 2025. Management continues to evaluate the impact of accounting standards that have been issued but are not yet effective and does not currently expect their adoption to have a material effect on the Company's condensed consolidated financial statements, unless otherwise disclosed.

Reclassification

Certain prior period amounts have been reclassified to conform to the current period presentation. These reclassifications primarily relate to the consolidation of certain financial statement line items to improve the presentation of the Company's interim financial statements. The reclassifications had no effect on previously reported total assets, total liabilities, stockholders' equity, net income (loss), or cash flows.

Restatements

There was a misclassification in salary in 2025 by posting salary expense to accounts payable in the amount of $174,000 which was corrected in the third quarter 2025.

Significant Accounting Policies

There have been no significant changes in the Company's accounting policies from those disclosed in the 2025 Form 10-K.