Rocky Mountain Chocolate Factory Files 2024 10-K

TL;DR

RMCF filed its 2024 10-K. Looks like they're still in the candy business.

AI Summary

Rocky Mountain Chocolate Factory, Inc. filed its 10-K for the fiscal year ending February 29, 2024. The company, headquartered in Durango, CO, operates in the sugar and confectionery products industry. Key financial details and operational segments are outlined in the filing, which also references previous fiscal periods and specific stock-related instruments like RSUs and warrants.

Why It Matters

This filing provides a comprehensive overview of Rocky Mountain Chocolate Factory's financial health and operational status for the past fiscal year, crucial for investors and stakeholders to assess performance and future outlook.

Risk Assessment

Risk Level: low — The provided text is a standard 10-K filing header and does not contain specific financial performance data or forward-looking statements that would indicate high risk.

Key Numbers

• 20240229 — Fiscal Year End (The filing covers the period up to this date.)
• 20240613 — Filing Date (The date the 10-K was submitted to the SEC.)

Key Players & Entities

• Rocky Mountain Chocolate Factory, Inc. (company) — Filer
• Durango, CO (location) — Business Address
• 20240229 (date) — Fiscal Year End
• 20240613 (date) — Filing Date
• 001-36865 (identifier) — SEC File Number

FAQ

Key Financial Figures

• $0.001 — nge on which registered Common Stock, $0.001 par value per share RMCF The Nasdaq
• $2.75 m — The aggregate sale price of U-Swirl was $2.75 million, consisting of (i) $1.75 million
• $1.75 million — rl was $2.75 million, consisting of (i) $1.75 million in cash and (ii) $1.0 million evidenced
• $1.0 million — g of (i) $1.75 million in cash and (ii) $1.0 million evidenced by a three-year secured promi
• $570,000 — . For FY 2024 our AUV was approximately $570,000, which represents a 30% increase from t
• $437,000 — a 30% increase from the FY 2020 AUV of $437,000. Enhanced Operating Efficiencies We

Filing Documents

• rmcf-20240229.htm (10-K) — 2636KB
• rmcf-ex4_1.htm (EX-4.1) — 26KB
• rmcf-ex10_21.htm (EX-10.21) — 47KB
• rmcf-ex21_1.htm (EX-21.1) — 5KB
• rmcf-ex23_1.htm (EX-23.1) — 3KB
• rmcf-ex23_2.htm (EX-23.2) — 5KB
• rmcf-ex31_1.htm (EX-31.1) — 15KB
• rmcf-ex32_1.htm (EX-32.1) — 11KB
• rmcf-ex97_1.htm (EX-97.1) — 51KB
• img69438936_0.jpg (GRAPHIC) — 6KB
• img69438936_1.jpg (GRAPHIC) — 14KB
• 0000950170-24-072997.txt ( ) — 12221KB
• rmcf-20240229.xsd (EX-101.SCH) — 1597KB
• rmcf-20240229_htm.xml (XML) — 2567KB

Business

Business 3 ITEM 1.A

Risk Factors

Risk Factors 14 ITEM 1.B Unresolved Staff Comments 24 ITEM 1.C Cybersecurity 24 ITEM 2.

Properties

Properties 24 ITEM 3.

Legal Proceedings

Legal Proceedings 24 ITEM 4. Mine Safety Disclosures 25 PART II. 26 ITEM 5. Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities 26 ITEM 6. Reserved 26 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 27 ITEM 7A.

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk 33 ITEM 8.

Financial Statements and Supplementary Data

Financial Statements and Supplementary Data 34 ITEM 9. Changes in and Disagreements with Accountants on Accounting and Financial Disclosure 64 ITEM 9A.

Controls and Procedures

Controls and Procedures 64 ITEM 9B. Other Information 64 ITEM 9C. Disclosure Regarding Foreign Jurisdictions that Prevent Inspections 65 PART III. 66 ITEM 10. Directors, Executive Officers and Corporate Governance 66 ITEM 11.

Executive Compensation

Executive Compensation 66 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 66 ITEM 13. Certain Relationships and Related Transactions, and Director Independence 66 ITEM 14. Principal Accountant Fees and Services 66 PART IV. 67 ITEM 15. Exhibits, Financial Statement Schedules 67 ITEM 16. Form 10-K Summary 70 1 Table of Contents Cautionary Note Regarding Forward-Looking Statements This Annual Report on Form 10-K (this "Annual Report") contains statements of our expectations, intentions, plans and beliefs that constitute "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended (the "Securities Act"), and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), and are intended to come within the safe harbor protection provided by those sections. All statements other than statements of historical fact are "forward-looking statements," including, but not limited to, any projections of earnings, revenue or other financial items; any statements of the plans, strategies and objectives of management, including for future operations, or capital expenditures; any statements concerning proposed new products, services, or developments; any statements regarding future economic conditions or performance; any statements of belief or expectation; and any statements of assumptions underlying any of the foregoing or other future events. Forward-looking statements may include, among others, words such as "will," "may," "would," "could," "might," "likely," "objective," "predict," "project," "drive," "seek," "aim," "target," "outlook," "continue" "intend," "believe," "expect," "anticipate," "should," "plan," "estimate," "potential," or similar expressions. Forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those projected, anticipated, or implied. Although it is not possible to predict or id

View Full Filing

View this 10-K filing on SEC EDGAR