PARKS AMERICA, INC 10-K

ITEM 9A. CONTROLS AND PROCEDURES Evaluation of Disclosure Controls and Procedures With the participation of the principal executive officer and principal financial officer of Parks! America, Inc. (the “Registrant”), the Registrant’s management has evaluated the effectiveness of the Registrant’s disclosure controls and procedures, as required by Rule 13a-15(e) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), as of the end of the fiscal year covered by this Annual Report on Form 10-K. Based upon that evaluation, the Registrant’s principal executive officer and principal financial officer have concluded that the Registrant’s disclosure controls and procedures were effective as of the end of the fiscal year covered by this Annual Report on Form 10-K. 22 Management’s Annual Report on Internal Control over Financial Reporting Overview Management of the Company is responsible for establishing and maintaining adequate internal control over financial reporting. Internal control over financial reporting is defined in Rule 13a-15(f) or 15d-15(f) promulgated under the Exchange Act as a process designed by, or under the supervision of, the Company’s principal executive and principal financial officers and effected by the Company’s board of directors, management and other personnel, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with accounting principles generally accepted in the United States and includes those policies and procedures that: 1. Pertain to the maintenance of records that in reasonable detail accurately and fairly reflect the transactions and dispositions of the assets of the Company; 2. Provide reasonable assurance that transactions are recorded as necessary to permit preparation of financial statements in accordance with accounting principles generally accepted in the United States and that receipts and expenditures of the Company are being made only in accordance with authorizations of management and directors of the Company; and 3. Provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use or disposition of the Company’s assets that could have a material effect on the financial statements. Because of its inherent limitations, internal control over financial reporting may not prevent or detect misstatements. Even those systems determined to be effective can provide only reasonable assurance with respect to financial statement preparation and presentation. Because of the inherent limitations of internal control, there is a risk that material misstatements may not be prevented or detected on a timely basis by internal control over financial reporting. However, these inherent limitations are known features of the financial reporting process. Therefore, it is possible to design safeguards into the process to reduce this risk. Management based its assessment of the Company’s internal control over financial reporting on criteria established in Internal Control – Integrated Framework (1992) issued by the Committee of Sponsoring Organizations of the Treadway Commission. Based on its assessment, management has concluded that the Company’s disclosure controls and procedures and internal control over financial reporting are effective as of September 28, 2025. Changes in Internal Control over Financial Reporting There has been no change in our internal control over financial reporting, as defined in Rules 13a-15(f) of the Exchange Act, during our most recent fiscal quarter that has materially affected, or is reasonably likely to materially affect, our internal control over financial reporting as of September 28, 2025. ITEM 9B. OTHER INFORMATION Security Trading Plans of Directors and Executive Office r s None of the Company’s directors or executive officers adopted or terminated a Rule 10b5-1 trading arrangement or a non-Rule 10b5-1 trading arrangement during the Company’s fiscal quarter ended September 28, 2025, as such terms are defined under Item 408(a) or Regulation S-K. ITEM 9C. DISCLOSURE REGARDING FOREIGN JURISDICTIONS THAT PREVENT INSPECTIONS Not applicable 23 PART III ITEM 10. DIRECTORS, EXECUTIVE OFFICERS, AND CORPORATE GOVERNANCE Information required by Item 10 with respect to directors, the audit committee, audit committee financial experts and Section 16(a) beneficial ownership reporting compliance is included under the headings “Proposal 1. Election of Directors,” “Corporate Governance” and in the biographies of the directors contained in “Proposal 1. Election of Directors,” in our definitive proxy statement for our annual meeting of stockholders (the “2026 Proxy Statement”) which are incorporated herein by reference. With regard to the information required by this item regarding compliance with Section 16(a) of the Exchange Act, we will provide disclosure of delinquent Section 16(a) reports, if any, in our 2026 Proxy Statement under the heading “Other Information - Delinquent Section 16(a) Reports’, and such disclosure, if any, is incorporated herein by reference. The information required by Item 10 with respect to insider trading arrangements and policies is included under the heading “Proposal 1. Election of Directors,” “Corporate Governance” in the 2026 Proxy Statement, and such disclosure is incorporated herein by reference. The 2026 Proxy Statement will be filed within 120 days after the end of our fiscal year. The information required by this Item 10 regarding the Company’s executive officers is set forth under the heading “Information on Directors, Nominees, and Executive Officers” in “Proposal 1. Election of Directors” of the 2026 Proxy Statement. Parks! America, Inc. has adopted a Code of Conduct which applies to all employees, including our principal executive officer, principal financial officer and its Board of Directors. The code of conduct is a code of ethics as defined in Item 406 of SEC Regulation S-K. The codes of conduct are available on the Corporate Governance section under Investor Relations on our website at www.parksamerica.com . Any amendment to, or waiver from, a provision of the code of conduct will be posted to the above-referenced website. There were no changes to the process by which stockholders may recommend nominees to the Board of Directors during the last year. Stock Option and Award Plan A Stock Option and Award Plan (the “Plan”) providing for incentive stock options and performance bonus awards for executives, employees, and directors was approved by our Board of Directors on February 1, 2005, however, the Plan expired and therefore was not submitted to the stockholders for approval. The Plan was established to set aside five million (5,000,000) shares for award of stock options, including qualified incentive stock options and performance stock bonuses. To date, no grants or awards were made pursuant to the Plan and the Plan expired and we did not submit the Plan for consideration to the Company’s stockholders. ITEM 11. EXECUTIVE COMPENSATION The information required by this item is set forth in our 2026 Proxy Statement to be filed within 120 days of the end of the fiscal year ended September 28, 2025, under Proposal 1. Election of Directors (i) under the heading “Director Compensation,” and (ii) under the heading “Executive Compensation,” and is incorporated herein by reference. The material incorporated herein by reference to the information set forth under the heading “Director Compensation” and “Executive Compensation” of the 2026 Proxy Statement shall be deemed furnished, and not filed, in this Annual Report on Form 10-K and shall not be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Securities Exchange Act of 1934, as amended, as a result of this furnishing except to the extent that it is specifically incorporated by reference by the Company. ITEM 12. SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND RELATED STOCKHOLDER MATTERS Information regarding security ownership of certain beneficial owners and management is incorporated herein by reference to the material under the heading “Item 1. Election of Directors – Security Ownership of Certain Beneficial Owners and Management” of the 2026 Proxy Statement. ITEM 13. CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS, AND DIRECTOR INDEPENDENCE Information regarding certain relationships and related transactions and director independence is incorporated herein by reference to the material under the headings “Corporate Governance” and “Certain Relationships and Related Transactions” of the 2026 Proxy Statement. ITEM 14. PRINCIPAL ACCOUNTANT FEES AND SERVICES Audit Fees and Audit-Related Fees Information regarding principal accountant fees and services is incorporated herein by reference to the material under the heading “Proposal 2, Ratification of Appointment of the Auditor” of the 2026 Proxy Statement. 24 PART IV ITEM 15. EXHIBITS 3.1 Articles of Incorporation of Great American Family Parks, Inc. dated July 17, 2002 (incorporated by reference to the Registration Statement on Form SB-2 filed with the Securities and Exchange Commission on August 4, 2005). 3.2 Amended Articles of Incorporation of Great American Family Parks, Inc. dated January 26, 2004 (incorporated by reference to the Registration Statement on Form SB-2 filed with the Securities and Exchange Commission on August 4, 2005). 3.3 Bylaws of Great American Family Parks, Inc. dated January 30, 2004 (incorporated by reference to the Registration Statement on Form SB-2 filed with the Securities and Exchange Commission on August 4, 2005). 3.4 Great American Family Parks 2005 Stock Option Plan dated February 1, 2005 (incorporated by reference to the Registration Statement on Form SB-2 filed with the Securities and Exchange Commission on August 4, 2005). 3.5 Amended Bylaws of the Company, as of January 17, 2011 (incorporated by reference to the Annual Report on Form 10-KT filed by the Company on December 29, 2012). 3.6 Amended Bylaws of the Company as of June 12, 2012 (incorporated by reference to the Report on Form 8-K filed by with the Securities and Exchange Commission on July 16, 2012). 3.7 Certificate of Amendment to the Articles of Incorporation of Parks! America, Inc., filed with the Secretary of State of the State of Nevada on April 10, 2025 (effecting the Reverse Stock Split as of April 30, 2025, and incorporated by reference to Exhibit 3.1 of the Company’s Current Report on Form 8-K filed with the SEC on April 30, 2025). 3.8 Certificate of Amendment to the Articles of Incorporation of Parks! America, Inc., filed with the Secretary of State of the State of Nevada on April 10, 2025 (effecting the Forward Stock Split as of April 30, 2025, and incorporated by reference to Exhibit 3.2 of the Company’s Current Report on Form 8-K filed with the SEC on April 30, 2025). 4.1* Description of Securities Registered Under Section 12 of the Exchange Act. 10.1 Loan Agreement between AggieLand-Parks, Inc. and Cendera Bank, N.A. (incorporated by reference to Exhibit 10.1 of the Company’s Current Report on Form 8-K filed with the SEC on October 4, 2024). 10.2 Promissory Note made by AggieLand-Parks, Inc. in favor of Cendera Bank, N.A. (incorporated by reference to Exhibit 10.2 of the Company’s Current Report on Form 8-K filed with the SEC on October 4, 2024). 10.3 Deed of Trust Security Agreement and Financing Statement made by AggieLand-Parks, Inc. in favor of Cendera Bank, N.A. (incorporated by reference to Exhibit 10.3 of the Company’s Current Report on Form 8-K filed with the SEC on October 4, 2024). 10.4 Letter from Parks! America, Inc. to Rebecca (Becky) McGraw relating to employment, dated December 23, 2024. (incorporated by reference to Exhibit 10.1 of the Company’s Current Report on Form 10-Q filed with the SEC on May 9, 2025. *** 14.1 Code of Conduct (incorporated by reference to Exhibit 14.1 to the Company’s Annual Report on Form 10-K for the fiscal year ended September 29, 2024 filed with the SEC on December 13, 2024). 14.2* Amended and Restated Policy on Insider Trading. 21.1* Subsidiaries of the Registrant. 23.1* Consent of GBQ Partners LLC dated December 12, 2025. 31.1* Certification by Chief Executive Officer, required by Rule 13a-14(a) or Rule 15d-14(a) of the Exchange Act, promulgated pursuant to Section 302 of the Sarbanes-Oxley Act of 2002. 31.2* Certification by Chief Financial Officer, required by Rule 13a-14(a) or Rule 15d-14(a) of the Exchange Act, promulgated pursuant to Section 302 of the Sarbanes-Oxley Act of 2002. 32.1** Certification by Chief Executive Officer, required by Rule 13a-14(b) or Rule 15d-14(b) of the Exchange Act and Section 1350 of Chapter 63 of Title 18 of the United States Code, promulgated pursuant to Section 906 of the Sarbanes-Oxley Act of 2002. 32.1** Certification by Chief Financial Officer, required by Rule 13a-14(b) or Rule 15d-14(b) of the Exchange Act and Section 1350 of Chapter 63 of Title 18 of the United States Code, promulgated pursuant to Section 906 of the Sarbanes-Oxley Act of 2002. 101.INS Inline XBRL Instance Document 101.SCH Inline XBRL Taxonomy Extension Schema Document 101.CAL Inline XBRL Taxonomy Extension Calculation Linkbase Document 101.DEF Inline XBRL Taxonomy Extension Definitions Linkbase Document 101.LAB Inline XBRL Taxonomy Extension Label Linkbase Document 101.PRE Inline XBRL Taxonomy Extension Presentation Linkbase Document 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) * Filed herewith ** Furnished herewith *** Indicates management contract or compensatory plan or arrangement. 25 SIGNATURES In accordance with Section 13 or 15(d) of the Exchange Act, the registrant caused this report to be signed on its behalf as of December 12, 2025 by the undersigned, thereunto duly authorized. PARKS! AMERICA, INC. By: /s/ Geoffrey Gannon Geoffrey Gannon President (Principal Executive Officer) In accordance with the Exchange Act, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated. SIGNATURE TITLE DATE By: /s/ Geoffrey Gannon President and Director Geoffrey Gannon (Principal Executive Officer) December 12, 2025 By: /s/ Andrew Kuhn Andrew Kuhn Director December 12, 2025 By: /s/ Jacob McDonough Jacob McDonough Secretary and Director December 12, 2025 By: /s/ Matthew Hansen Matthew Hansen Director December 12, 2025 By: /s/ Rebecca S. McGraw Chief Financial Officer Rebecca S. McGraw (Principal Financial Officer) December 12, 2025 26 ITEM 8 PARKS! AMERICA, INC. and SUBSIDIARIES INDEX TO CONSOLIDATED FINANCIAL STATEMENTS Consolidated Financial Statements of Parks! America and Subsidiaries Page Report of Independent Registered Public Accounting Firm PCAOB ID 1808 F-2 Consolidated Balance Sheets as of September 28, 2025 and September 29, 2024 F-3 Consolidated Statements of Operations for the years ended September 28, 2025 and September 29, 2024 F-4 Consolidated Statement of Changes in Stockholders’ Equity for the years ended September 28, 2025 and September 29, 2024 F-5 Consolidated Statements of Cash Flows for the years ended September 28, 2025 and September 29, 2024 F-6 Notes to the Consolidated Financial Statements F-7 F- 1 B oard of Directors and Shareholders Parks! America, Inc. Report of Independent Registered Public Accounting Firm Opinion on the Consolidated Financial Statements We have audited the accompanying consolidated balance sheets of Parks! America, Inc. (the “Company”) as of September 28, 2025 and September 29, 2024, the related consolidated statements of operations, stockholders’ equity, and cash flows for the years then ended, and related notes (collectively referred to as the “consolidated financial statements”). In our opinion, the consolidated financial statements present fairly, in all material respects, the financial position of the Company as of September 28, 2025 and September 29, 2024, and the results of its operations and its cash flows for the years then ended, in conformity with accounting principles generally accepted in the United States of America. Basis for Opinion These consolidated financial statements are the responsibility of the Company’s management. Our responsibility is to express an opinion on these consolidated financial statements based on our audits. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (“PCAOB”) and are required to be independent with respect to the Company in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB. We conducted our audits in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the consolidated financial statements are free of material misstatement, whether due to error or fraud. The Company is not required to have, nor were we engaged to perform, an audit of its internal control over financial reporting. As part of our audits, we are required to obtain an understanding of internal control over financial reporting but not for the purpose of expressing an opinion on the effectiveness of the Company’s internal control over financial reporting. Accordingly, we express no such opinion. Our audits included performing procedures to assess the risks of material misstatement of the consolidated financial statements, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the consolidated financial statements. Our audits also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the consolidated financial statements. We believe that our audits provide a reasonable basis for our opinion. Critical Audit Matters Critical audit matters are matters arising from the current period audit of the financial statements that were communicated or required to be communicated to the audit committee and that: (1) relate to accounts or disclosures that are material to the financial statements and (2) involved our especially challenging, subjective, or complex judgments. We determined that there were no critical audit matters. /s/ GBQ Partners LLC GBQ Partners LLC We have served as the Company’s auditor since 2020. Columbus, Ohio December 12, 2025 F- 2 PARKS! AMERICA, INC. and SUBSIDIARIES CONSOLIDATED BALANCE SHEETS September 28, 2025 September 29, 2024 ASSETS Cash and cash equivalents $ 3,877,394 $ 2,489,294 Short-term investments — 835,074 Accounts receivable, net 18,293 63,784 Inventories, net 313,556 372,401 Prepaid expenses 231,678 396,308 Total current assets 4,440,921 4,156,861 Property and equipment, net 15,023,230 14,829,612 Intangible assets, net 22,615 33,011 Deferred tax asset, net — 156,012 Other assets 12,676 18,575 TOTAL ASSETS $ 19,499,442 $ 19,194,071 LIABILITIES AND STOCKHOLDERS’ EQUITY Current liabilities Accounts payable $ 92,608 $ 1,281,966 Other current liabilities 667,243 466,155 Current portion of long-term debt, net 397,830 809,892 Total current liabilities 1,157,681 2,558,013 Long-term debt, net 2,787,718 2,687,831 Deferred tax liability, net 288,901 — TOTAL LIABILITIES 4,234,300 5,245,844 STOCKHOLDERS’ EQUITY Preferred stock, par value $ .001 – authorized: 10,000,000 shares; zero shares issued and outstanding — — Common stock, par value $ .001 – authorized: 300,000,000 shares; 753,577 and 757,660 shares issued and outstanding, respectively (1) 754 757 Capital in excess of par (1) 5,093,567 5,234,732 Retained earnings 10,170,821 8,712,738 TOTAL STOCKHOLDERS’ EQUITY 15,265,142 13,948,227 TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 19,499,442 $ 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 7, Stockholders Equity for further information about the Reverse/Forward Stock Split. The accompanying notes are an integral part of these consolidated financial statements. F- 3 PARKS! AMERICA, INC. and SUBSIDIARIES CONSOLIDATED STATEMENTS OF OPERATIONS For the Fiscal Years Ended September 28, 2025 and September 29, 2024 2025 2024 Park revenue $ 10,276,919 $ 9,679,326 Sale of animals 194,656 232,934 Total revenue $ 10,471,575 9,912,260 Cost of sales (exclusive of depreciation and amortization) 1,325,860 1,412,678 Selling, general and administrative 6,840,160 6,886,327 Depreciation and amortization 885,996 871,967 Contested proxy and related matters, net ( 670,814 ) 2,040,810 Tornado expenses and write-offs, net — ( 53,755 ) Legal settlement — 75,000 Other operating expenses, net 29,296 62,734 Income (loss) from operations $ 2,061,077 ( 1,383,501 ) Other (income), net ( 78,573 ) ( 132,948 ) Interest expense 219,341 229,244 Income (loss) before income taxes 1,920,309 ( 1,479,797 ) Income tax expense (benefit) 462,226 ( 385,316 ) NET INCOME (LOSS) $ 1,458,083 $ ( 1,094,481 ) NET INCOME (LOSS) PER COMMON SHARE - BASIC AND DILUTED (1) $ 1.93 $ ( 1.45 ) Weighted average shares outstanding - basic and diluted (1) 755,740 756,770 (1) Prior period amounts have been adjusted to reflect the Reverse/Forward Stock Split that became effective on April 30, 2025. Refer to Note 7, Stockholders Equity for further information about the Reverse/Forward Stock Split. The accompanying notes are an integral part of these consolidated financial statements. F- 4 PARKS! AMERICA, INC. and SUBSIDIARIES CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS’ EQUITY For the Fiscal Years Ended September 28, 2025 and September 29, 2024 Shares (1) Amount (1) of Par (1) Earnings Total Common Stock Issued Capital in Excess Retained Shares (1) Amount (1) of Par (1) Earnings Total Balance at October 1, 2023 755,179 755 5,177,234 9,807,219 14,985,208 Net loss — — — ( 1,094,481 ) ( 1,094,481 ) Stock-based compensation expense 2,091 2 57,498 — 57,500 Balance at September 29, 2024 757,270 757 5,234,732 8,712,738 13,948,227 Balance 757,270 757 5,234,732 8,712,738 13,948,227 Net income — — — 1,458,083 1,458,083 Net income (loss) — — — 1,458,083 1,458,083 Reverse/Forward Stock Split (2) ( 3,693 ) ( 3 ) ( 141,165 ) — ( 141,168 ) Balance at September 28, 2025 753,577 754 5,093,567 10,170,821 15,265,142 Balance 753,577 754 5,093,567 10,170,821 15,265,142 (1) Prior period amounts have been adjusted to reflect the Reverse/Forward Stock Split that became effective on April 30, 2025. Refer to Note 7, Stockholders Equity for further information about the Reverse/Forward Stock Split. (2) Cash paid for fractional shares. Refer to Note 7, Stockholders Equity for further information about the Reverse/Forward Stock Split. The accompanying notes are an integral part of these consolidated financial statements. F- 5 PARKS! AMERICA, INC. and SUBSIDIARIES CONSOLIDATED STATEMENTS OF CASH FLOWS For the Fiscal Years Ended September 28, 2025 and September 29, 2024 2025 2024 CASH FLOWS FROM OPERATING ACTIVITIES Net income (loss) $ 1,458,083 $ ( 1,094,481 ) Adjustments to reconcile net income (loss) to net cash provided by operating activities: Depreciation and amortization expense 885,996 871,967 Amortization of debt issuance costs 6,288 48,219 Stock-based compensation — 57,500 Interest accrued on certificates of deposit ( 3,368 ) ( 35,074 ) Deferred income taxes 444,913 ( 388,341 ) Loss on disposal of property and equipment, net 29,296 62,734 Change in operating assets and liabilities: Accounts receivable, net 45,491 ( 27,612 ) Inventories, net 58,845 46,748 Prepaid expenses and other 170,529 162,370 Accounts payable ( 1,189,358 ) 1,202,614 Other current liabilities 201,088 ( 105,188 ) Net cash provided by operating activities 2,107,803 801,456 CASH FLOWS FROM INVESTING ACTIVITIES: Proceeds from maturity of short-term investments 838,442 200,000 Purchases of short-term investments — ( 1,000,000 ) Acquisition of property and equipment ( 1,276,822 ) ( 906,955 ) Proceeds from the disposition of property and equipment 178,308 74,392 Net cash used in investing activities ( 260,072 ) ( 1,632,563 ) CASH FLOWS FROM FINANCING ACTIVITIES: Payoff of 2020 Term Loan ( 2,389,544 ) — Proceeds from 2025 Term Loan 2,500,000 — Proceeds from Term Loan 2,500,000 — Payments on 2020 Term Loan — ( 503,121 ) Payments on 2021 Term Loan ( 280,447 ) ( 269,865 ) Payments on 2025 Term Loan ( 87,756 ) — Payments on Term Loan ( 87,756 ) — Payments for 2025 Term Loan debt issuance costs ( 60,716 ) — Payments of Term Loan debt issuance costs ( 60,716 ) — Payment of lines of credit fees — ( 5,000 ) Reverse/Forward Stock Split payments of fractional shares ( 141,168 ) — Net cash used in financing activities ( 459,631 ) ( 777,986 ) NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 1,388,100 ( 1,609,093 ) CASH AND CASH EQUIVALENTS: Beginning of period 2,489,294 4,098,387 End of period $ 3,877,394 $ 2,489,294 SUPPLEMENTAL CASH FLOW INFORMATION: Cash paid for interest $ 201,729 $ 187,663 Cash (refunded) for income taxes $ ( 68,842 ) $ ( 338,290 ) The accompanying notes are an integral part of these consolidated financial statements. F- 6 PARKS! AMERICA, INC. and SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS September 28, 2025 and September 29, 2024 NOTE 1. BACKGROUND AND BASIS OF PRESENTATION Description of Business Parks! America, Inc. (“Parks!” or the “Company”) owns and operates through wholly owned subsidiaries three regional safari parks and is in the business of acquiring, developing and operating local and regional entertainment assets and attractions in the United States. The Company’s wholly owned subsidiaries are Wild Animal Safari, Inc. a Georgia corporation (“Wild Animal – Georgia”), Wild Animal, Inc., a Missouri corporation (“Wild Animal – Missouri”), and Aggieland-Parks, Inc., a Texas corporation (“Aggieland Wild Animal – Texas”). Wild Animal – Georgia owns and operates the Wild Animal Safari Pine Mountain located in Pine Mountain, Georgia (the “Georgia Park”). Wild Animal – Missouri owns and operates the Wild Animal Safari Springfield located in Strafford, Missouri (the “Missouri Park”). Aggieland Wild Animal – Texas owns and operates the Aggieland Safari located near Bryan/College Station, Texas (the “Texas Park”). Terms that are commonly used in the Company’s Notes to the Consolidated Financial Statements are defined as follows: ● “2020 Term Loan” – Term loan credit agreement, dated as of April 27, 2020, between the Company and First Financial Bank. ● “2021 Term Loan” – Term loan credit agreement, dated as of June 18, 2021, between the Company and Synovus Bank. ● “2025 Term Loan” – Term loan credit agreement, dated as of September 30, 2024, between the Company and Cendera Bank N.A. ● “ Adjusted EBITDA” – Net income (loss) appearing on the Consolidated Statements of Operations net of Income tax expense/(benefit), Interest expense, Depreciation and amortization and other significant items. ● “Adjusted net income (loss)” – Net income (loss) appearing on the Consolidated Statements of Operations excluding significant non-recurring or non-operational items. Adjusted net income (loss) is also presented on a diluted per share basis. ● “EPS” – Earnings per share. ● “Fiscal 2026” – The 52 weeks ending September 27, 2026. ● “Fiscal 2025” – The 52 weeks ended September 28, 2025. ● “ Fiscal 2024” – The 52 weeks ended September 29, 2024. ● “ GAAP” – Accounting principles generally accepted in the United States. ● “Reverse/Forward Stock Split” – 1-for-500 reverse stock split immediately followed by 5-for-1 forward stock split effective on April 30, 2025. ● “SEC” – The United States Securities and Exchange Commission. In 2005, the Company entered its current business with the purchase of an animal attraction located in Pine Mountain, Georgia. Parks! America is domiciled in the state of Nevada and its headquarters is in Pine Mountain, Georgia. In 2008, the Company adopted its current name “Parks! America” and its current stock symbol “PRKA.” Prior to and on May 1, 2025, the Company’s common stock traded on the OTC Pink Market. Effective May 2, 2025, the Company’s common stock began and continues to be traded on the OTCQX Market. As a result of the Reverse/Forward Stock Split, effective on April 30, 2025, the Company’s common stock was traded on a post-split basis under the symbol “PRKAD” for 20 trading days, including the effective date, after which it reverted to “PRKA.” Basis of Presentation The Consolidated Financial Statements include the accounts of Parks! America, Inc. and its wholly owned subsidiaries (Wild Animal – Georgia, Wild Animal – Missouri and Aggieland Wild Animal – Texas). All intercompany transactions and balances have been eliminated. The accompanying Consolidated Financial Statements have been prepared in accordance with GAAP. In the opinion of management, all material adjustments are of a normal and recurring nature necessary for a fair presentation of the results have been reflected for the periods presented. In the opinion of management, all disclosures made are adequate to make the information presented not misleading. Change in Capital Structure As described fully in Note 7, Stockholders Equity , effective April 30, 2025, the Company effected a 1-for-500 reverse stock split of the shares of the Company’s common stock, followed immediately by a 5-for-1 forward stock split of the shares of the Company’s common stock, herein referred to as the Reverse/Forward Stock Split. All prior period share and per share amounts presented in the Consolidated Financial Statements and accompanying notes, including, but not limited to, shares issued and outstanding, dollar amounts of common stock, capital in excess of par, and earnings/(loss) per share, have been retroactively adjusted for all periods presented in order to reflect this change in capital structure. There were no changes to the total number of authorized shares of common stock or their respective par values per share as a result of this change. NOTE 2. SIGNIFICANT ACCOUNTING POLICIES Fiscal Year End The Company’s fiscal year-end is the Sunday closest to September 30. This fiscal calendar aligns the Company’s fiscal periods closely with the seasonality of its business. The period from October through early March is geared towards maintenance and preparation for the next busy season, which typically begins in the latter half of March through early September. The high season typically ends after the Labor Day holiday weekend. The fiscal periods in this report are presented as follows, unless the context otherwise requires: Fiscal Year Ended Weeks 2025 September 28, 2025 52 2024 September 29, 2024 52 Seasonality The Company’s parks are open year-round and we experience increased seasonal attendance, typically beginning in the latter half of March through early September, and historically have realized a significant portion of our annual park revenue during our third and fourth fiscal quarters. The Company generated approximately 64.0 % and 61.4 % of our annual park revenue in the third and fourth fiscal quarters of Fiscal 2025 and Fiscal 2024, respectively. Accounting Method The Company recognizes income and expenses based on the accrual method of accounting. Use of Estimates Management uses estimates and assumptions in preparing financial statements in accordance with GAAP. Those estimates and assumptions affect the reported amounts of the assets and liabilities, the disclosure of contingent assets and liabilities, and the reported revenues and expenses. Actual results could vary from the estimates that were assumed in preparing these financial statements. F- 7 PARKS! AMERICA, INC. and SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS September 28, 2025 and September 29, 2024 NOTE 2. SIGNIFICANT ACCOUNTING POLICIES (CONTINUED) Cash and Cash Equivalents The Company maintains its cash and cash equivalents with high credit quality financial institutions. The Company considers all highly liquid financial instruments with maturities of three months or less to be cash equivalents. The Company maintains cash and cash equivalents in deposit accounts which may at times exceed federally insured limits. As of September 28, 2025 and September 29, 2024, cash and cash equivalents consisted of cash on deposit and money market accounts. Short-term Investments The Company periodically invests in certificates of deposit and classifies its certificates of deposit as cash and cash equivalents or short-term investments and reassesses the appropriateness of the classification of its investments at the end of each reporting period. Certificates of deposit held for investment with an original maturity date greater than three months are carried at amortized cost and reported as short-term investments on the consolidated balance sheets. As of September 28, 2025 the Company had no short-term investments. As of September 29, 2024, the Company had $ 835,074 in two certificates of deposit, including accrued interest, classified as short-term investments. These certificates of deposit secure lines of credit, as detailed in Note 6, Lines of Credit . Financial and Concentrations Risk The Company does not have any concentration or related financial credit risks. The Company maintains its cash in bank deposit accounts, which at times may exceed federally insured limits. Accounts Receivable The parks are primarily a payment upfront business, therefore, the Company typically carries limited accounts receivable balances. The Company had accounts receivable of $ 18,293 , $ 63,784 and $ 36,172 as of September 28, 2025, September 29, 2024 and October 1, 2023, respectively. The accounts receivable balance as of September 29, 2024 includes a receivable in the amount of $ 50,000 for insurance proceeds from directors and officers insurance as more fully described in Note 3, Contested Proxy and Related Matters. Inventory Inventory consists of gift shop items, animal food, and concession and park supplies, and is stated at the lower of cost or net realizable value. Cost is determined based on the first-in, first-out method. The Company maintains an inventory obsolescence reserve to reduce the carrying value of inventory for items that are slow-moving, excess, or obsolete. The reserve is based on management’s assessment of current inventory levels, historical usage, forecasted demand, and market conditions. Adjustments to the reserve are recorded in cost of goods sold in the period identified. The Company recorded an inventory reserve for obsolescence in the amount of $ 49,000 as of September 28, 2025 and September 29, 2024, respectively. Prepaid Expenses The Company prepays certain expenses primarily due to contractual requirements. Prepaid expenses consisted of the following: SCHEDULE OF PREPAID EXPENSES September 28, 2025 September 29, 2024 Prepaid insurance $ 145,144 $ 272,213 Prepaid income taxes 33,796 118,695 Prepaid advertising and marketing 24,108 — Other 28,630 5,400 Total prepaid expenses $ 231,678 $ 396,308 F- 8 PARKS! AMERICA, INC. and SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS September 28, 2025 and September 29, 2024 NOTE 2. SIGNIFICANT ACCOUNTING POLICIES (CONTINUED) Property and Equipment Property and equipment are recorded at cost, less accumulated depreciation. Additions and substantial improvements are capitalized and include expenditures that materially extend the useful lives of the existing facilities and equipment. Maintenance and repairs that do not materially improve or extend the useful lives of the respective assets are expensed as incurred. As of the balance sheet dates, Property and equipment, net consisted of the following: SCHEDULE OF PROPERTY, PLANT AND EQUIPMENT September 28, 2025 September 29, 2024 Depreciable Lives Land 6,260,506 $ 6,389,470 not applicable Mineral rights 276,000 276,000 25 years Ground improvements 3,433,711 3,255,128 7 - 25 years Buildings and structures 4,938,115 4,014,706 10 - 39 years Animal shelters and habitats 3,766,540 3,532,143 10 - 39 years Park animals 1,100,472 1,236,921 5 - 25 years Equipment - concession and related 513,616 512,967 3 - 15 years Equipment and vehicles - yard and field 713,974 744,538 3 - 15 years Vehicles - buses and rental 355,177 307,726 3 - 5 years Rides and entertainment 152,156 152,156 5 - 7 years Furniture and fixtures 27,160 27,160 5 - 10 years Construction in progress 87,319 288,305 Property and equipment, cost 21,624,746 20,737,220 Less: Accumulated depreciation ( 6,601,516 ) ( 5,907,608 ) Property and equipment, net $ 15,023,230 $ 14,829,612 Depreciation is recorded using the straight-line method over the estimated useful lives of the assets, which range from three to thirty-nine years. Depreciation expense for the years ended September 28, 2025 and September 29, 2024 totaled $ 875,600 and $ 860,772 , respectively. Intangible Assets Intangible assets consist primarily of a site master plan, website domains and tradename registrations, which are record at cost of $ 68,803 and amortized over their estimated useful lives ranging from three 3 years to ten years . Amortization expense was $ 10,396 and $ 11,195 for the years ended September 28, 2025 and September 29, 2024 , respectively. Accumulated amortization was $ 46,141 and $ 35,745 as of September 28, 2025 and September 29, 2024. Scheduled future amortization of intangible assets is as follows as of September 28, 2025: SCHEDULE OF FUTURE AMORTIZATION OF INTANGIBLE ASSETS Fiscal years ending 2026 $ 10,396 2027 2,405 2028 2,405 2029 2,405 2030 2,405 Thereafter 2,646 Total $ 22,662 Impairment of Property and Equipment P roperty and equipment are subject to a review for impairment if events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. Impairment is assessed at the individual park level which is the lowest level of identifiable cash flows and the Company considers the estimated undiscounted cash flows over the asset’s remaining life. If estimated undiscounted cash flows are insufficient to recover the investment, an impairment loss is recognized equal to the difference between the estimated fair value of the asset and its carrying value, net of salvage and any costs of disposition. During Fiscal 2025 and Fiscal 2024, the Company recognized no impairment for property and equipment of the individual park locations. Fair Value Fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants, or an exit price. Inputs to valuation techniques used to measure fair value may be observable or unobservable, and valuation techniques used to measure fair value should maximize the use of relevant observable inputs and minimize the use of unobservable inputs. The fair value hierarchy consists of three broad levels based on the ranks of the quality and reliability of inputs used to determine the fair values. Level 1 inputs consist of quoted prices in active markets for identical assets or liabilities. Level 2 inputs consist of quoted prices for similar assets and liabilities in active markets, quoted prices for identical or similar assets or liabilities in markets that are not active, inputs other than quoted prices that are observable and market-corroborated inputs which are derived principally from or corroborated by observable market data. Level 3 inputs are derived from valuation techniques in which one or more significant inputs or value drivers are unobservable. A financial instrument’s categorization within the valuation hierarchy is based upon the lowest level of input that is significant to the fair value measurement. Assets and liabilities recognized or disclosed at fair value on a recurring basis include our term debt. As of September 29, 2024, the fair value of the Company’s short-term investments approximated their carrying values given their remaining duration was 45 days or less. As of September 28, 2025 and September 29, 2024, the fair value of the Company’s long-term debt was $ 3.21 million and $ 3.24 million, respectively. The measurement of the fair value of long-term debt is based upon inquiries of the financial institutions holding the respective loans and is considered a Level 2 fair value measurement. The respective carrying values of cash and cash equivalents, accounts receivable, accounts payable, and accrued liabilities approximate fair value because of the short maturity of these instruments. Other Current Liabilities Other current liabilities consisted of the following: SCHEDULE OF OTHER CURRENT LIABILITIES September 28, 2025 September 29, 2024 Accrued compensation $ 178,128 $ 145,726 Accrued professional fees 155,800 75,499 Deferred revenue 149,286 115,950 Accrued property taxes 106,688 67,751 Accrued sales taxes 42,115 32,866 Accrued interest 13,360 2,382 Other 21,866 25,981 Other current liabilities $ 667,243 $ 466,155 F- 9 PARKS! AMERICA, INC. and SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS September 28, 2025 and September 29, 2024 NOTE 2. SIGNIFICANT ACCOUNTING POLICIES (CONTINUED) Revenue Recognition Revenue from park admission fees is recognized at the point in time control transfers to the customer, which is generally when the customer accepts access to the park and the Company is entitled to payment. Park admission revenue for annual season passes is deferred and recognized as revenue on a pro-rata basis over the term of the season pass. Park admission fee revenue from advance online ticket purchases is deferred until the customers visit the park. Advance online tickets can generally be used anytime during the one-year period from the date of purchase. Revenue from retail and concession sales is generally recognized upon the concurrent receipt of payment and delivery of goods to the customer. The Company excludes taxes assessed by governmental agencies from revenue, including sales-related taxes, that are imposed on and concurrent with revenue-producing activities. Contract Liabilities Contract liabilities consist of payments received in advance of the transfer of control to the customer. Deferred revenue consists of advance online admission tickets and annual season passes paid by customers prior to performance of these services or transfer of control of the product. The following table summarizes the deferred revenue associated with payments received in advance of the transfer of control to the customer reported in Other current liabilities in the Consolidated Balance Sheets and amounts recognized through Park revenue for each period presented. All deferred revenue as of September 28, 2025 is expected to be recognized in Park revenue during Fiscal 2026 as customers visit the parks or the one-year period expires from date of purchase. SCHEDULE OF DEFERRED REVENUE Fiscal 2025 Fiscal 2024 Deferred revenue beginning of period $ 115,950 $ 143,511 Deferred revenue recognized in period ( 115,950 ) ( 143,511 ) Revenue deferred in period 149,286 115,950 Deferred revenue end of period $ 149,286 $ 115,950 Animal sales are reported as a separate revenue line item. The Company periodically sells surplus animals created from the natural breeding process that occurs within the parks. Animal sales are recognized at a point in time when control transfers to the customer, which is generally determined when title, ownership and risk of loss pass to the customer, all of which generally occurs upon delivery of the animal. Based on the Company’s assessment of control indicators, sales are recognized when animals are delivered to the customer. The Company provides disaggregation of revenue based on geography in Note 12, Business Segments as it believes this best depicts how the nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factors. Cost of Sales Cost of sales are comprised principally of costs of animal food sold resale to customers to feed the animals in the drive-through safari and cost of non-resale animal food, costs of gift shop merchandise, food service and concessions, freight and delivery costs and cost of purchased animals sold. Selling, General and Administrative Expenses Selling, general and administrative expenses are comprised principally of payroll and benefit costs, advertising and marketing costs, insurance, professional fees, transaction processing fees, utilities, outside services, vehicle expenses, park maintenance, animal expenses and other administrative expenses. Advertising and Marketing Expenses Production costs for outdoor billboards are expensed in the month they are completed. All other advertising, promotion and marketing programs are expensed as incurred. Certain prepaid costs incurred through year end for the following fiscal year advertising programs are included within “Prepaid expenses” in the Consolidated Balance Sheet. Advertising and marketing expenses for the years ended September 28, 2025 and September 29, 2024 totaled $ 875,320 and $ 875,977 , respectively. Stock-Based Compensation The Company recognizes stock-based compensation costs on a straight-line basis over the requisite service period associated with the grant. The Company previously awarded shares to its Board of Directors for service on the Board which vested immediately. The shares issued to the Board were “restricted” and were not to be re-sold unless an exemption is available, such as the exemption afforded by Rule 144 promulgated under the Securities Act of 1933, as amended (the “Securities Act”). The Company recognizes the expense based on the fair market value at time of the grant. The Company typically awarded its annual Director compensation at the end of each calendar year. There were no outstanding awards as of September 28, 2025 and September 29, 2024. Transactions with Related Parties The Company’s Board of Directors closely monitors and approves transactions with related parties. A portion of the Company’s long-term debt is secured by a cash collateral reserve of $ 2.5 million established by Focused Compounding. See Note 5, Long-term Debt . As of September 28, 2025, Focused Compounding owned 41.27 % of the outstanding common stock of the Company. Focused Compounding is controlled by Geoffrey Gannon and Andrew Kuhn, who are each on the Company’s Board of Directors and Mr. Gannon serves as the Company’s President. On September 4, 2025, Wild Animal – Georgia sold approximately 50 acres of land not used in the park operations to a management employee of the Georgia Park. The real estate purchase agreement provided for arms-length terms and conditions, as well as a condition that the land will be used for a single-family residence and the purchaser will not operate any business on the property that would compete with the operations of the Company. The Company recognized a gain on the sale in the amount of $ 15,774 . The gain is included within Other operating expenses, net in the accompanying Consolidated Statement of Operations. F- 10 PARKS! AMERICA, INC. and SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS September 28, 2025 and September 29, 2024 NOTE 2. SIGNIFICANT ACCOUNTING POLICIES (CONTINUED) Income Taxes The Company utilizes the asset and liability method of accounting for income taxes, which requires the recognition of deferred tax assets and liabilities for the expected future tax consequences of events that have been included in the financial statements. Under this method, deferred tax assets and liabilities are determined based on the differences between the financial reporting basis and the tax basis of the assets and liabilities and are measured using the enacted tax rates and laws. Management periodically reviews the Company’s deferred tax assets to determine whether their value can be realized based on available evidence. A valuation allowance is established when management believes it is more likely than not that such tax benefits will not be realized. Changes in valuation allowances from period to period are included in the Company’s income tax provision in the period of change. The Company follows the guidance in FASB ASC 740 with respect to accounting for uncertainty in income taxes. A tax position is recognized as a benefit only if it is “more-likely-than-not” that the tax position would be sustained in a tax examination, with a tax examination being presumed to occur. The amount recognized is the largest amount of tax benefit that is greater than fifty percent likely of being realized on examination. For tax positions not meeting the “more-likely-than-not” test, no tax benefit is recorded. The Company has no unrecognized tax benefits under guidance related to tax uncertainties. Any tax penalties or interest expense will be recognized in income tax expense. No interest and penalties related to unrecognized tax benefits were accrued as of September 28, 2025 or September 29, 2024. Earnings (Loss) per share The numerator for both basic and diluted EPS is net income (loss) attributable to the Company. The denominator for basic EPS is based upon the number of weighted average shares of the Company’s stock outstanding during the reporting periods. The denominator for diluted EPS is based upon the number of weighted average shares of the Company’s common stock and common shares equivalent outstanding during the reporting periods using the treasury stock method in accordance with ASC 260, Earnings per Share . The following table summarizes the components of basic and diluted EPS: SCHEDULE OF EARNING PER SHARE BASIC AND DILUTED Fiscal 2025 Fiscal 2024 Net income (loss) $ 1,458,083 $ ( 1,094,481 ) Basic weighted average shares outstanding 755,740 756,770 Diluted weighted average shares outstanding 755,740 756,770 Earnings (loss) per share Basic $ 1.93 $ ( 1.45 ) Diluted $ 1.93 $ ( 1.45 ) Dividend Policy The Company has not yet adopted a policy regarding payment of dividends. Recently Adopted Accounting Pronouncements In November 2023, the FASB issued ASU No. 2023-07, Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures (“ASU 2023-07”). ASU 2023-07 requires enhanced disclosures about significant segment expenses regularly provided to the chief operating decision maker that are included within each reported measure of segment profit or loss, and requires all annual disclosures currently required by Topic 280 to be included in interim periods. ASU No. 2023-07 is to be applied retrospectively for all periods presented in the financial statements and is effective for fiscal years beginning after December 15, 2023, and interim periods within fiscal years beginning after December 15, 2024. The Company adopted ASU 2023-07 for the fiscal year ended September 28, 2025. See Note 12, Segment Reporting . Recently Issued Accounting Pronouncements Not Yet Adopted In December 2023, the FASB issued ASU 2023-09, Improvements to Income Tax Disclosures (“ASU 2023-09”), which includes requirements that an entity disclose specific categories in the rate reconciliation and provide additional information for reconciling items that are greater than five percent of the amount computed by multiplying pretax income (or loss) by the applicable statutory income rate. The standard also requires that entities disclose income (or loss) from continuing operations before income tax expense (or benefit) and income tax expense (or benefit) each disaggregated between domestic and foreign. ASU 2023-09 is effective for the annual periods beginning after December 15, 2024. The Company is currently assessing the impact of ASU 2023-09 on the Company’s consolidated financial statement disclosures. In March 2024, FASB issued ASU 2024-02, Codification Improvements—Amendments to Remove References to the Concepts Statements (“ASU 2024-02”), which is intended to simplify the Codification and draw a distinction between authoritative and non-authoritative literature. ASU 2024-02 is effective for annual reporting periods beginning after December 15, 2024, with early adoption permitted and can be applied on either a prospective or retroactive basis. The Company is currently assessing the impact of ASU 2024-02 on the Company’s consolidated financial statements. In November 2024, FASB issued ASU 2024-03 Income Statement—Reporting Comprehensive Income—Expense Disaggregation Disclosures (Subtopic 220-40): Disaggregation of Income Statement Expenses (“ASU 2024-03”). Under ASU 2024-03, a public entity would be required to disclose information about purchases of inventory, employee compensation, depreciation, intangible asset amortization, and depletion for each income statement line item that contains those expenses. ASU 2024-03 is effective for annual reporting periods beginning after December 15, 2026 and interim reporting periods beginning after December 15, 2027. ASU 2024-03 allows for early adoption and requires either prospective adoption to financial statements issued for reporting periods after the effective date of ASU 2024-03 or retrospectively to any or all prior periods presented in the financial statements. The Company is currently assessing the impact of ASU 2024-03 on the Company’s consolidated financial statement disclosures. Except as noted, the Company does not expect recently issued accounting standards or interpretations to have a material impact on the Company’s financial position, results of operations, cash flows or financial statement disclosures. F- 11 PARKS! AMERICA, INC. and SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS September 28, 2025 and September 29, 2024 NOTE 3. CONTESTED PROXY AND RELATED MATTERS On December 22, 2023, Focused Compounding Fund, LP (together with the participants in its solicitation, “Focused Compounding”) submitted documents to the Company providing notice as to a demand that the Company hold a special meeting of stockholders (the “Special Meeting”). The Special Meeting was held for the purpose of asking stockholders to consider and vote upon five proposals, including a proposal for the removal of all directors currently serving on the Board of Directors and a proposal for the election of a new Board of Directors comprised entirely of Focused Compounding’s slate of three candidates. The Special Meeting was held on February 26, 2024 and Focused Compounding’s proposal to reconstitute the Board of Directors received the votes of a majority of shareholders who voted, but not a sufficient majority for approval under Nevada law, so it did not pass. On January 19, 2024 following Focused Compounding’s submission to the Company, the Company adopted a rights plan (the “Rights Plan”), which provided, among other things, that if specified events occurred, the Company’s stockholders would be entitled to purchase additional shares of the Company’s common stock. On January 18, 2025, the Rights Plan expired pursuant to its terms. On March 1, 2024, Focused Compounding filed a Complaint in the Eighth Judicial District Court of Clark County against the Company and each of the members of its Board of Directors, alleging that the defendants were contemplating efforts to entrench themselves as members of the Board. On June 6, 2024 the Company held its annual meeting of stockholders (the “2024 Annual Meeting”). The purpose of the 2024 Annual Meeting was for the Company’s stockholders to elect seven nominees to serve on the Company’s Board of Directors (the “Board”), as well as consider additional proposals. The Company and Focused Compounding each submitted proxies soliciting the Company’s stockholders to vote for their respective proposed director nominees. The nominees for director included six nominees proposed by the Company and four nominees proposed by Focused Compounding. At the 2024 Annual Meeting, the Company’s stockholders elected four nominees proposed by Focused Compounding and three nominees proposed by the Company. On June 14, 2024, the Company announced that Lisa Brady stepped down as its President and Chief Executive Officer, and the Company’s Board had appointed Geoffrey Gannon as the Company’s President. Mr. Gannon is also the Portfolio Manager at Focused Compounding. The Company engaged legal counsel specializing in activist stockholder matters, as well as several other consultants, during this proxy contest. Contested proxy and related matters, net was a credit of $ 670,814 for the year ended September 28, 2025 compared to contested proxy and related matters expense, net of $ 2.04 million for the year ended September 29, 2024. The $ 670,814 credit for the year ended September 28, 2025 included $ 567,157 of insurance proceeds received under the Company’s directors and officers insurance related to this matter. These proceeds were used to pay certain legal bills associated with the contested proxy and related matters. In addition, a credit of $ 103,657 was recognized from the reversal of previously accrued contested proxy legal fees that were waived as part of the full settlement of outstanding invoices. NOTE 4. TORNADO EXPENSES AND ASSET WRITE-OFFS In March 2023, the Company’s Georgia Park experienced extensive damage, caused by an EF-3 tornado and over nine inches of rain, resulting in more than 4,500 fallen trees and damage to many of the animal enclosures, fencing and other park infrastructure. The walkabout adventure zoo portion of the property was particularly hard hit. The Georgia Park was closed for 20 days, including for most of its traditionally busy Spring Break period, which has historically accounted for approximately 10 %- 15 % of the Georgia Park’s annual revenue. The drive-through safari section of the Georgia Park reopened on April 15, 2023. The walkabout adventure zoo portion of the park reopened in phases, starting with the first phase on May 2, 2023. As part of the severe weather and tornado damage rebuilding projects, the Company completed capital expenditures of approximately $ 60,000 and incurred approximately $ 197,000 for construction in progress of the restroom facility replacement during the year ended September 29, 2024. The Company incurred approximately $ 594,000 of additional capital expenditures to complete the restroom facility replacement during the year ended September 28, 2025. The restroom facility was placed in service in February 2025 right before the start of the busy Spring Break period. While no severe weather and tornado related expenses or asset write-offs were recorded during the year ended September 29, 2024, the Company received the final insurance proceeds of $ 53,755 . F- 12 PARKS! AMERICA, INC. and SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS September 28, 2025 and September 29, 2024 NOTE 5. LONG-TERM DEBT On June 18, 2021 , through our wholly owned subsidiary Wild Animal – Georgia, we completed a refinancing transaction with Synovus Bank. The 2021 Term Loan included an original principal amount of $ 1.95 million. The 2021 Term Loan bears interest at a rate of 3.75 % per annum and is payable in monthly installments of approximately $ 26,480 , based on a seven-year amortization period. The 2021 Term Loan has a maturity date of June 18, 2028 . The 2021 Term Loan is secured by a security deed on the assets of Wild Animal – Georgia. We paid a total of approximately $ 1,514 in fees and expenses in connection with the 2021 Refinancing. The outstanding balance of the 2021 Term Loan was $ 0.83 million and $ 1.11 million as of September 28, 2025 and September 29, 2024, respectively. On April 27, 2020 , through our wholly owned subsidiary Aggieland-Parks Inc., we acquired Aggieland Wild Animal – Texas. In part, this acquisition was financed with the 2020 Term Loan from First Financial Bank (“First Financial”). The 2020 Term Loan in the original principal amount of $ 5.0 million from First Financial is secured by substantially all the Aggieland Wild Animal – Texas assets, as well as guarantees from the Company and its subsidiaries. The 2020 Term Loan had an interest rate of 5.0 % per annum, had a maturity date of April 27, 2031 , and required interest only monthly payments through April 2021. The 2020 Term Loan required monthly payments of approximately $ 53,213 beginning in May 2021. We paid a total of approximately $ 62,375 in fees and expenses in connection with the 2020 Term Loan. On June 30, 2021, the Company used the incremental proceeds of the 2021 Term Loan, combined with additional funds, to pay down $ 1.0 million against the 2020 Term Loan, which had an outstanding balance of $ 2.39 million as of September 29, 2024. On September 30, 2024, the 2020 Term Loan with First Financial was fully paid off with the proceeds of the 2025 Term Loan. On September 30, 2024 , Aggieland-Parks, Inc. completed a refinancing transaction for the 2025 Term Loan with Cendera Bank N.A. The 2025 Term Loan provided an original principal amount of $ 2.5 million, the proceeds of which were used to repay all the indebtedness under the 2020 Term Loan and bears interest at a daily adjusted rate equal to the Prime Rate minus 0.5 %. The initial interest rate was 7.25 %. As of September 28, 2025 the effective interest rate was at 6.75 %. The 2025 Term Loan has a term of 10 years, with a 15-year amortization, and a balloon payment of the outstanding principal balance due September 30, 2034. The initial monthly loan payment was $ 23,200 and has been reduced with the decrease in the effective interest rate to $ 22,277 as of September 28, 2025. Aggieland-Parks, Inc., paid approximately $ 60,716 of fees and expenses in connection with the 2025 Term Loan. The outstanding balance of the 2025 Term Loan was $ 2.41 million as of September 28, 2025. The 2025 Term Loan is secured by substantially all the assets of Aggieland-Parks, Inc., as well as a cash collateral reserve of $ 2.5 million established by Focused Compounding Fund, LP, with Cendera Bank N.A. Geoffrey Gannon and Andrew Kuhn control Focused Compounding Fund, LP, and each serves on the Board of the Company, and Mr. Gannon serves as the Company’s President. Focused Compounding did not receive a fee or any other benefit in connection with establishing the above-described cash collateral reserve. See Note 5, Long-term Debt to the Consolidated Financial Statements. Interest expense of $ 219,341 and $ 229,244 for the years ended September 28, 2025 and September 29, 2024, respectively, includes amortization of debt issuance costs of $6,072 and $48,219, respectively. Amortization of debt issuance costs for the year ended September 29, 2024 includes $ 37,331 attributed to the write off of the unamortized balance of the 2020 Term Loan debt issuance costs and $ 5,000 of line-of-credit fee amortization. The following table represents the aggregate of the Company’s outstanding long-term debt: SCHEDULE OF OUTSTANDING LONG TERM DEBT September 28, 2025 September 29, 2024 Loan principal outstanding $ 3,240,788 $ 3,498,535 Less: unamortized debt issuance costs ( 55,240 ) ( 812 ) Gross long-term debt 3,185,548 3,497,723 Less current portion of long-term debt ( 397,830 ) ( 809,892 ) Long-term debt, net $ 2,787,718 $ 2,687,831 As of September 28, 2025, the scheduled future principal maturities, by fiscal year, are as follows: SCHEDULE OF MATURITIES OF LONG-TERM DEBT Fiscal years ending 2026 $ 397,830 2027 415,605 2028 355,250 2029 129,526 2030 138,674 Thereafter 1,803,903 Total $ 3,240,788 F- 13 PARKS! AMERICA, INC. and SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS September 28, 2025 and September 29, 2024 NOTE 6. LINES OF CREDIT On October 19, 2023, the Company, through its wholly owned subsidiary Aggieland Wild Animal – Texas, entered a line of credit of up to $ 350,000 with First Financial (the “2023 First Financial LOC”). The 2023 First Financial LOC matured on October 11, 2024 and carried an interest rate of 5.6 % on any utilized portion. The 2023 First Financial LOC was secured by a $ 350,000 certificate of deposit issued by First Financial, which also matured on October 11, 2024 and paid an effective interest rate of 3.6 %. The Company paid a $ 500 origination fee for the 2023 First Financial LOC. The Company did not renew with 2023 First Financial LOC when the underlying certificate of deposit matured and the proceeds from the certificate of deposit were transferred to the Aggieland Wild Animal – Texas operating account. On October 24, 2023, the Company, through its wholly owned subsidiary Wild Animal – Georgia, entered a line of credit of up to $ 450,000 with Synovus (the “2023 Synovus LOC”). The 2023 Synovus LOC matured on October 24, 2024 and carried an interest rate of 7.75 % on any utilized portion. The 2023 Synovus LOC was secured by a $ 450,000 certificate of deposit issued by Synovus, which matured on November 13, 2024 and paid an effective interest rate of 5.25 %. The Company paid a $ 4,500 origination fee for the 2023 Synovus LOC. The Company did not renew with 2023 Synovus LOC when the underlying certificate of deposit matured and the proceeds from the certificate of deposit transferred to in the Wild Animal – Georgia operating account. As of September 29, 2024 and through their respective maturities, the Company had not made any borrowings against either of these lines of credit. Interest expense for the years ended September 28, 2025 and September 29, 2024, includes none and $ 5,000 of line of credit fee amortization, respectively. NOTE 7. STOCKHOLDERS’ EQUITY Common Stock At the annual shareholder meeting held on March 7, 2025, the stockholders voted to approve the amendments to the Company’s Articles of Incorporation to effect a 1 for 500 reverse stock split of the Company’s common stock followed immediately by an amendment to the Company’s Restated Articles of Incorporation to effect a 5 for 1 forward stock split of the Company’s Common Stock, herein referred to as the Reverse/Forward Stock Split. On April 1, 2025, the Board of Directors authorized the implementation of the Reverse/Forward Stock Split. On April 10, 2025, the Company filed a certificate of amendment to the Company’s Articles of Incorporation (“Charter”) with the Secretary of State of the State of Nevada to effect a 1-for-500 reverse stock split of the shares of the Company’s common stock, par value $ 0.001 per share followed immediately by the filing of a certificate of amendment to the Charter with the Secretary of State of the State of Nevada to effect a 5-for-1 forward stock split of the Company Common Stock. The immediate goal of the Reverse/Forward Stock Split was to reduce excessive administrative costs associated with having a disproportionately large number of stockholders who owned relatively few shares. No fractional shares were issued in connection with the Reverse/Forward Stock Split. Instead, the Company paid cash (without interest) to any stockholder who would be entitled to receive a fractional share as a result of the Reverse/Forward Stock Split as follows: (i) Stockholders who held fewer than 500 shares immediately prior to the Reverse Stock Split were paid in cash (without interest) an amount equal to such number of shares of Company Common Stock held multiplied by the average of the closing sales prices of the Company Common Stock quoted on the National Quotation Bureau pink sheets for the five consecutive trading days immediately preceding the Effective Date of the Reverse Stock Split ; and (ii) Any remaining stockholders who would have been entitled to receive fractions of a share as a result of the Reverse/Forward Stock Split were paid in cash (without interest) an amount equal to such fractions multiplied by the average of the closing sales prices of the Company Common Stock quoted on the National Quotation Bureau pink sheets for the five consecutive trading days immediately preceding the effective date of the Reverse/Forward Stock Split (with such average closing sales prices being adjusted to give effect to the Reverse/Forward Stock Split). All prior period outstanding share amounts and per share amounts have been adjusted to reflect the Reverse/Forward Stock Split that became effective on April 30, 2025. Stock-based compensation Shares of common stock issued for service to the Company are valued based on market price on the date of the award and vest immediately. On December 4, 2023, the Company declared its annual compensation award to seven directors for their service on the Board of Directors. Seven directors were awarded $ 10,000 each and three directors received a total of $ 10,000 for serving as committee chairpersons and as a non-employee officer, with such compensation to be paid all in shares of the Company’s common stock, all in cash or a combination thereof, at each director’s election. Five directors elected to receive compensation in all shares and two directors elected to receive compensation in all cash. Based on the closing stock price on December 4, 2023, a total of 2,091 shares were issued and immediately vested on February 2, 2024. The total compensation award cost of $ 80,000 , comprised of $ 57,500 in stock-based compensation and $ 22,500 of cash payments, was recorded for the year ended September 29, 2024. These costs are included within Selling, general and administrative expenses in the Consolidated Statements of Operations. Officers, directors and their controlled entities own approximately 42.36 % of the outstanding common stock of the Company as of September 28, 2025. F- 14 PARKS! AMERICA, INC. and SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS September 28, 2025 and September 29, 2024 NOTE 8. SIGNIFICANT TRANSACTIONS WITH RELATED PARTIES Loan Guarantee by Focused Compounding The 2025 Term Loan with Cendera Bank is secured by substantially all the assets of Aggieland-Parks, Inc., as well as a cash collateral reserve of $ 2.5 million established by Focused Compounding. See Note 5, Long Term Debt for additional information regarding the 2025 Term Loan. As of September 28, 2025, Focused Compounding owned 41.27 % of the outstanding common stock of the Company. Focused Compounding is controlled by Geoffrey Gannon and Andrew Kuhn, who are each on the Company’s Board of Directors and Mr. Gannon serves as the Company’s President. Land Sale On September 4, 2025, Wild Animal – Georgia sold approximately 50 acres of land not used in the park operations to a management employee of the Georgia Park. The real estate purchase agreement provided for arms-length terms and conditions, as well as a condition that the land will be used for a single-family residence and the purchaser will not operate any business on the property that would compete with the operations of the Company. The Company recognized a gain on the sale in the amount of $ 15,774 . The gain is included within Other operating expenses, net in the accompanying Consolidated Statement of Operations. F- 15 PARKS! AMERICA, INC. and SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS September 28, 2025 NOTE 9. INCOME TAXES The Company reported income (loss) before income taxes in the amount of $ 1,920,309 and $( 1,479,797 ) for the year ended September 28, 2025 and September 29, 2024, respectively. The components of the provision for (benefit from) income taxes consisted of the following: SCHEDULE OF PROVISION FOR INCOME TAX September 28, 2025 September 29, 2024 For the year ended September 28, 2025 September 29, 2024 Current: Federal $ 5,658 $ ( 1,610 ) State 11,655 4,635 Total current 17,313 3,025 Deferred: Federal 370,402 ( 290,287 ) State 74,511 ( 98,054 ) Total deferred 444,913 ( 388,341 ) Total provision (benefit) $ 462,226 $ ( 385,316 ) A reconciliation of the federal corporate income tax rate and the effective tax rate on income (loss) before income taxes consists of the following: SCHEDULE OF FEDERAL CORPORATE STATUTORY INCOME TAX RATE AND THE EFFECTIVE RATE September 28, 2025 September 29, 2024 For the year ended September 28, 2025 September 29, 2024 Federal statutory rate 21.0 % 21.0 % State taxes, net of federal benefit 4.3 4.3 Non-deductible expenses 0.1 ( 0.1 ) Permanent differences ( 0.5 ) — Change in valuation allowance ( 0.8 ) 0.7 Other — 0.1 Effective income tax rate 24.1 % 26.0 % Deferred tax assets and liabilities arise from temporary differences between financial reporting and tax reporting bases of assets and liabilities, and operating loss carryforwards for tax purposes. The components of deferred income tax assets and liabilities are as follows: SCHEDULE OF DEFERRED INCOME TAX ASSETS AND LIABILITIES September 28, 2025 September 29, 2024 Deferred tax assets (liabilities) Net operating loss carryforwards $ 1,314,603 $ 1,388,557 Accrued liabilities 40,809 266,269 Inventory 11,711 — Property and equipment ( 1,571,584 ) ( 1,397,861 ) Intangibles assets ( 267 ) ( 2,434 ) Valuation allowance ( 84,173 ) ( 98,519 ) Net deferred tax (liability) asset $ ( 288,901 ) $ 156,012 GAAP requires a valuation allowance be recorded against a deferred tax asset (liability) if it is more likely than not that the tax benefit associated with the asset will not be realized in the future. As shown in the table above, the Company had a valuation allowance of $ 84,173 and $ 98,519 as of September 28, 2025 and September 29, 2024, respectively. This valuation allowance is based on the Company’s State of Missouri net operating loss carryforwards totaling $ 2.66 million as of September 28, 2025, which expire in varying amounts from 2030 through 2045. While significantly improved during the year ended September 28, 2025, due to the Company’s history of losses in the State of Missouri, the Company has established a full valuation allowance against the related net operating loss carryforward asset as of September 28, 2025 and September 29, 2024, respectively. F- 16 PARKS! AMERICA, INC. and SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS September 28, 2025 and September 29, 2024 NOTE 9. INCOME TAXES (CONTINUED) The Company had net operating loss carryforwards available for federal and State of Georgia tax purposes of $ 5.64 million and $ 1.10 million , respectively, as of September 28, 2025. Each of these has an indefinite carryforward period; however, each is limited to offset 80 % of taxable income any period applied. The Company follows guidance issued by the FASB ASC 740 with respect to accounting for uncertainty in income taxes. A tax position is recognized as a benefit only if it is “more-likely-than-not” that the tax position would be sustained in a tax examination, with a tax examination being presumed to occur. The amount recognized is the largest amount of tax benefit that is greater than fifty percent likely of being realized on examination. For tax positions not meeting the “more-likely-than-not” test, no tax benefit is recorded. The Company has no unrecognized tax benefits under guidance related to tax uncertainties. The Company does not anticipate its unrecognized tax benefits will significantly change in the next twelve months. Any tax penalties or interest expense will be recognized in income tax expense. No interest and penalties related to unrecognized tax benefits were accrued as of September 28, 2025 and September 29, 2024. The Company and one of its subsidiaries files income tax returns in the U.S. federal jurisdiction and various state jurisdictions. The Company is open to federal and state tax audits until the applicable statute of limitations expire; however, the Company currently has no federal or state income tax examinations underway. The tax years 2021 through 2024 remain open to examination by the major taxing jurisdictions in which the Company and its subsidiaries operate. NOTE 10. COMMITMENTS AND CONTINGENCIES On December 16, 2022, the Company received notice that on August 10, 2022 a former employee of Aggieland Wild Animal – Texas, filed a Complaint in the 361st District Court of Brazos County, Texas (case no. 22-001839-CV-361), alleging the Company and Aggieland-Parks, Inc. committed several instances of employment discrimination. The Complaint sought unspecified economic, compensatory and punitive damages, as well as attorney’s fees and costs. On June 3, 2024, the Company and the former employee entered into a settlement agreement and mutual release of claims related to this matter and the Company paid the former employee $ 75,000 . On March 1, 2024, Focused Compounding Fund, LP (“Focused Compounding”) filed a Complaint in the Eighth Judicial District Court of Clark County, Nevada (case no. A-24-888295-B) against the Company and each of the members of its Board of Directors, alleging that the defendants were contemplating efforts to entrench themselves as members of the Board of Directors. Simultaneously with filing its Complaint, Focused Compounding sought a Preliminary Injunction that would require the Company and its Directors to take various actions. On June 20, 2024, Focused Compounding, the Company and the named defendants agreed to a stipulation dismissing with prejudice any and all claims by and between the parties outlined in the initial Complaint in light of the results of the Company’s annual meeting of stockholders held on June 6, 2024. See Note 3, Contested Proxy and Related Matters for additional information. Except as noted above, the Company is not a party to any pending legal proceedings, nor is its property the subject of a pending legal proceeding, that is not in the ordinary course of business or otherwise material to the financial condition of its business. None of the Company’s directors, officers or affiliates is involved in a proceeding adverse to its business or has a material interest adverse to its business. F- 17 PARKS! AMERICA, INC. and SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS September 28, 2025 NOTE 11. MAJOR VENDORS The Company has two major vendors, exclusive to the Georgia Park, that accounted for approximately 24.8 % of cost of sales for the year end September 28, 2025. The Company had one major vendor, exclusive to the Georgia Park, that accounted for approximately 10.2 % of cost of sales for the year ended September 29, 2024. The Company expects to maintain relationship with these vendors but would have replacements available if ties to these two suppliers were discontinued. NOTE 12. BUSINESS SEGMENTS The Company identifies our operating segments to be the individual parks: Georgia Park, Missouri Park and Texas Park and operates in three reportable segments. Management reviews operating results, evaluates performance and makes operating decisions, including allocating resources, on a park-by-park basis. Discrete financial information and operating results are prepared at the individual park level for use by the President and Chief Executive Officer, who is the Chief Operating Decision Maker (“CODM”) of the Company. The CODM uses segment operating income/(loss), defined as park earnings before interest, taxes, depreciation and amortization, and free cash flow as the reportable segment profitability measure to assess performance and allocate resources. Significant segment expenses are expenses which are regularly provided to the CODM and are included in segment operating income/(loss). These consist of segment cost of animal food, merchandise and food, other revenue driven costs, personnel costs, advertising and marketing and all other segment expenses. Segment cost of sales includes cost of animal feed and cost of gift shop merchandise, food and concessions. Other revenue driven costs include credit card fees and other revenue processing fees. Personnel costs include fixed and variable wages, benefits costs and employer payroll taxes. Other segment expenses include animal expenses, park and vehicle maintenance, insurance, utilities, outside services, operating supplies and other miscellaneous expenses. The Company does not allocate corporate expenses to our segments. The following tables set forth, for the periods indicated, certain segment information the Company’s reportable segments: SCHEDULE OF REVENUE BY REPORTING SEGMENTS Georgia Park Missouri Park Texas Park Total Fiscal Year Ended September 28, 2025 Georgia Park Missouri Park Texas Park Consolidated Total revenue $ 5,917,423 $ 2,189,656 $ 2,364,496 $ 10,471,575 Less significant expense categories (1) : Cost of animal food, merchandise and food (1) 789,293 232,363 304,204 1,325,860 Other revenue driven costs (1) (2) 115,195 43,081 47,492 205,768 Personnel costs (1) (3) 1,377,831 726,050 688,096 2,791,977 Advertising and marketing (1) 301,687 240,204 333,429 875,320 Other segment expenses (1) (4) 1,077,753 372,367 453,578 1,903,698 Segment income $ 2,255,664 $ 575,591 $ 537,697 $ 3,368,952 Segment operating income as percentage of total revenue 38.1 % 26.3 % 22.7 % 32.2 % Georgia Park Missouri Park Texas Park Total Fiscal Year Ended September 29, 2024 Georgia Park Missouri Park Texas Park Consolidated Total revenue $ 5,960,259 $ 2,036,280 $ 1,915,721 $ 9,912,260 Less significant expense categories (1): Cost of animal food, merchandise and food (1) 747,473 276,729 388,476 1,412,678 Other revenue driven costs (1) (2) 158,815 46,632 46,729 252,176 Personnel costs (1) (3) 1,328,979 659,088 653,428 2,641,495 Advertising and marketing (1) 340,586 225,087 310,304 875,977 Other segment expenses (1) (4) 1,089,527 371,525 443,863 1,904,915 Segment income $ 2,294,879 $ 457,219 $ 72,921 $ 2,825,019 Segment operating income as percentage of total revenue 38.5 % 22.5 % 3.8 % 28.5 % (1) The significant expense categories and amounts align with the segment-level information that is regularly provided to the CODM. (2) Other revenue driven costs include credit card fees and other revenue processing costs driven by sales volume. (3) Personnel costs include fixed and variable wages, benefits and employer taxes. (4) Other segment expenses include all other operating expenses, including animal expenses, park and vehicle maintenance, insurance, utilities, outside services, operating supplies and other miscellaneous expenses. F- 18 PARKS! AMERICA, INC. and SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS September 28, 2025 and September 29, 2024 NOTE 12. BUSINESS SEGMENTS (CONTINUED) The table below sets forth, for the periods indicated, a reconciliation of reporting consolidated segment income to Income before income taxes: SCHEDULE OF RECONCILIATION OF REPORTING SEGMENT INCOME TO INCOME BEFORE INCOME TAXES September 28, 2025 September 29, 2024 Fiscal Years Ended September 28, 2025 September 29, 2024 Consolidated segment income $ 3,368,952 $ 2,825,019 Less: Unallocated corporate expenses (1) 1,063,397 1,211,764 Depreciation and amortization 885,996 871,967 Contested proxy and related matters, net ( 670,814 ) 2,040,810 Tornado expenses and write-offs, net — ( 53,755 ) Legal settlement — 75,000 Other operating expenses, net 29,296 62,734 Other (income), net ( 78,573 ) ( 132,948 ) Interest expense 219,341 229,244 Income (loss) before income taxes $ 1,920,309 $ ( 1,479,797 ) (1) Unallocated corporate expenses include corporate personnel costs, director fees and compensation, directors and officers insurance, computer software and services, professional fees and public company related expenses. Additional Segment Data SCHEDULE OF ADDITIONAL SEGMENT DATA September 28, 2025 September 29, 2024 Fiscal Years Ended September 28, 2025 September 29, 2024 Depreciation and amortization: Georgia Park $ 396,987 $ 357,522 Missouri Park 218,429 231,734 Texas Park 268,923 281,055 Corporate 1,657 1,656 Total depreciation and amortization $ 885,996 $ 871,967 September 28, 2025 September 29, 2024 Fiscal Years Ended September 28, 2025 September 29, 2024 Capital expenditures: Georgia Park $ 1,038,800 $ 593,515 Missouri Park 116,538 100,428 Texas Park 121,484 213,012 Total capital expenditures $ 1,276,822 $ 906,955 September 28, 2025 September 29, 2024 As of September 28, 2025 September 29, 2024 Total assets: Georgia Park $ 8,043,972 $ 7,520,918 Missouri Park 3,299,882 3,399,324 Texas Park 8,135,982 7,812,661 Corporate 19,606 461,168 Total assets $ 19,499,442 $ 19,194,071 Total assets $ 19,499,442 $ 19,194,071 F- 19