Parks America Files 2024 10-K

TL;DR

Parks America filed its 2024 10-K. Looks like business as usual.

AI Summary

Parks America, Inc. filed its 10-K for the fiscal year ending September 29, 2024, reporting on its operations. The company, formerly known as Great American Family Parks Inc., is incorporated in Nevada and operates in the amusement and recreation services sector. Its principal business address is located at 1300 Oak Grove Rd, Pine Mountain, GA 31822.

Why It Matters

This filing provides a comprehensive overview of Parks America's financial performance and operational status for the past fiscal year, crucial for investors and stakeholders to assess the company's health and future prospects.

Risk Assessment

Risk Level: low — The filing is a standard annual report with no immediate red flags or significant negative disclosures.

Key Numbers

• 2024-09-29 — Fiscal Year End (Reporting period for the 10-K)
• 2024-12-13 — Filing Date (Date the 10-K was submitted to the SEC)

Key Players & Entities

• PARKS AMERICA, INC (company) — Filer
• GREAT AMERICAN FAMILY PARKS INC (company) — Former Company Name
• 0929 (date) — Fiscal Year End
• 1300 OAK GROVE RD (location) — Business Address
• PINE MOUNTAIN (location) — City
• GA (location) — State
• 31822 (location) — ZIP Code

FAQ

Key Financial Figures

• $0.001 — Exchange Act: Common Stock, par value $0.001 per share (Title of class) Indicate
• $6.0 million — hic incident occur. We currently have $6.0 million of liability insurance per occurrence,
• $10.0 million — ance per occurrence, which is capped at $10.0 million in aggregate. We will continue to use r

Filing Documents

• form10-k.htm (10-K) — 959KB
• ex14-1.htm (EX-14.1) — 19KB
• ex14-2.htm (EX-14.2) — 57KB
• ex21-1.htm (EX-21.1) — 4KB
• ex23-1.htm (EX-23.1) — 6KB
• ex31-1.htm (EX-31.1) — 20KB
• ex31-2.htm (EX-31.2) — 19KB
• ex32-1.htm (EX-32.1) — 10KB
• ex23-1_001.jpg (GRAPHIC) — 27KB
• form10-k_001.jpg (GRAPHIC) — 26KB
• 0001493152-24-049988.txt ( ) — 5071KB
• prka-20240929.xsd (EX-101.SCH) — 35KB
• prka-20240929_cal.xml (EX-101.CAL) — 55KB
• prka-20240929_def.xml (EX-101.DEF) — 137KB
• prka-20240929_lab.xml (EX-101.LAB) — 330KB
• prka-20240929_pre.xml (EX-101.PRE) — 252KB
• form10-k_htm.xml (XML) — 598KB

Business

Business 4 Item 1A

Risk Factors

Risk Factors 5 Item 1B Unresolved Staff Comments 8 Item 1C Cybersecurity 8 Item 2

Properties

Properties 9 Item 3

Legal Proceedings

Legal Proceedings 9 Item 4 Mine Safety Disclosures 9 PART II Item 5 Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities 10 Item 6 Reserved 10 Item 7

Management's Discussion and Analysis of Financial Condition and Results of Operations

Management's Discussion and Analysis of Financial Condition and Results of Operations 10 Item 7A

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk 18 Item 8

Financial Statements and Supplementary Data

Financial Statements and Supplementary Data 18 Item 9 Changes in and Disagreements with Accountants on Accounting and Financial Disclosure 18 Item 9A

Controls and Procedures

Controls and Procedures 18 Item 9B Other Information 19 Item 9C Disclosure Regarding Foreign Jurisdictions That Prevent Inspections 19 PART III Item 10 Directors, Executive Officers, and Corporate Governance 20 Item 11

Executive Compensation

Executive Compensation 24 Item 12

Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters

Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters 26 Item 13 Certain Relationships and Related Transactions, and Director Independence 27 Item 14 Principal Accountant Fees and Services 27 PART IV Item 15 Exhibits and Financial Statement Schedules 28

Signatures

Signatures 29 2 FORWARD-LOOKING In this Annual Report on Form 10-K, references to "Parks! America, Inc.," "Parks! America," "the Company," "we," "us," and "our" refer to Parks! America, Inc. and our wholly owned subsidiaries. Except for the historical information contained herein, this Annual Report on Form 10-K contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Such forward-looking " Management's Discussion and Analysis of Financial Condition and Results of Operation ," and " Risk Factors ." Such forward-looking statements involve risks and uncertainties, including, among other things, statements concerning: our business strategy; liquidity and capital expenditures; future sources of revenues and anticipated costs and expenses; and trends in industry activity generally. Such forward-looking statements include, among others, those statements including the words such as "may," "will," "should," "expect," "plan," "could," "anticipate," "intend," "believe," "estimate," "predict," "potential," "goal," or "continue" or similar language or by discussions of our outlook, plans, goals, strategy or intentions . Our actual results may differ significantly from those projected in the forward-looking statements. These statements are only predictions and involve known and unknown risks, uncertainties and other factors, including, but not limited to, the risks outlined under " Risk Factors ," that may cause our actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by such forward-looking statements. For example, factors that could cause actual results to vary materially from future results incl

View Full Filing

View this 10-K filing on SEC EDGAR