Parks! America (PRKA) 10-Q 10 May 17 2017 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Apr. 02, 2017	May 08, 2017
Document and Entity Information:
Entity Registrant Name	PARKS AMERICA, INC
Entity Trading Symbol	prka
Document Type	10-Q
Document Period End Date	Apr. 2, 2017
Amendment Flag	false
Entity Central Index Key	1,297,937
Current Fiscal Year End Date	--10-01
Entity Common Stock, Shares Outstanding		74,681,537
Entity Filer Category	Smaller Reporting Company
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Entity Well-known Seasoned Issuer	No
Document Fiscal Year Focus	2,017
Document Fiscal Period Focus	Q2

CONSOLIDATED BALANCE SHEETS (UN

CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)	Apr. 02, 2017	Oct. 02, 2016
ASSETS
Cash - unrestricted	$ 1,539,742	$ 1,482,777
Cash - restricted (Note 3)	0	456,492
Inventory	129,323	107,573
Prepaid expenses	101,560	87,760
Total current assets	1,770,625	2,134,602
Property and equipment, net	6,589,991	6,432,897
Intangible assets, net	2,600	3,000
Deferred tax asset	701,624	777,124
Other assets	9,199	8,500
Total assets	9,074,039	9,356,123
Liabilities
Accounts payable	9,377	24,106
Other current liabilities	205,475	231,392
Accrued judgment award (Note 9)	0	372,416
Current portion of long-term debt, net	118,363	104,652
Total current liabilities	333,215	732,566
Long-term debt, net	3,043,927	3,113,603
Total liabilities	3,377,142	3,846,169
Stockholders' equity
Common stock; 300,000,000 shares authorized, at $.001 par value; 74,681,537 and 74,531,537 shares issued and outstanding, respectively	74,681	74,531
Capital in excess of par	4,825,656	4,809,606
Treasury stock	(3,250)	(3,250)
Retained earnings	799,810	629,067
Total stockholders' equity	5,696,897	5,509,954
Total liabilities and stockholders' equity	$ 9,074,039	$ 9,356,123

CONSOLIDATED BALANCE SHEETS PAR

CONSOLIDATED BALANCE SHEETS PARENTHETICALS - $ / shares	Apr. 02, 2017	Oct. 02, 2016
Parentheticals
Common Stock, par value	$ 0.001	$ 0.001
Common Stock, shares authorized	300,000,000	300,000,000
Common Stock, shares issued	74,681,537	74,531,537
Common Stock, shares outstanding	74,681,537	74,531,537

CONSOLIDATED STATEMENTS OF OPER

CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($)	3 Months Ended		6 Months Ended
	Apr. 02, 2017	Apr. 03, 2016	Apr. 02, 2017	Apr. 03, 2016
Revenue
Net sales	$ 1,201,917	$ 881,629	$ 2,149,181	$ 1,640,137
Sale of animals	17,941	2,223	70,107	16,327
Total net sales	1,219,858	883,852	2,219,288	1,656,464
Cost of sales	144,750	108,316	251,094	207,937
Selling, general and administrative	671,733	570,886	1,418,499	1,243,134
Depreciation and amortization	89,450	85,200	178,900	170,600
(Gain) loss on disposal of operating assets, net.,	(259)	0	(309)	0
Income from operations	314,184	119,450	371,104	34,793
Other income (expense), net	2,828	1,926	4,659	4,022
Interest expense	(50,796)	(56,628)	(101,020)	(111,231)
Income (loss) before income taxes	266,216	64,748	274,743	(72,416)
Income tax provision	100,700	5,400	104,000	5,400
Net income (loss)	$ 165,516	$ 59,348	$ 170,743	$ (77,816)
Income (loss) per share - basic and diluted	$ 0	$ 0	$ 0	$ 0
Weighted average shares outstanding (in 000's) - basic and diluted	74,681	74,531	74,618	74,467

CONSOLIDATED STATEMENT OF CHANG

CONSOLIDATED STATEMENT OF CHANGES IN STOCKHOLDERS' EQUITY (UNAUDITED) - USD ($)	Shares	Amount	Capital in Excess of Par	Treasury Stock	Retained Earnings (Accumulated Deficit)	Total
Balance at Sep. 27, 2015	74,381,537	74,381	4,801,506	(3,250)	(1,272,490)	3,600,147
Issuance of common stock to Directors	150,000	150	8,100			8,250
Net income for the year ended October 2, 2016					$ 1,901,557	$ 1,901,557
Balance. at Oct. 02, 2016	74,531,537	74,531	4,809,606	(3,250)	629,067	5,509,954
Issuance of common stock to Directors	150,000	150	16,050			16,200
Net income for the six months ended April 2, 2017					$ 170,743	$ 170,743
Balance at Apr. 02, 2017	74,681,537	74,681	4,825,656	(3,250)	799,810	5,696,897

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)	6 Months Ended
	Apr. 02, 2017	Apr. 03, 2016
OPERATING ACTIVITIES:
Net income (loss)	$ 170,743	$ (77,816)
Reconciliation of net income (loss) to net cash used in operating activities:
Depreciation and amortization expense	178,900	170,600
Interest expense - loan fee amortization	5,204	5,204
(Gain) loss on disposal of assets	(309)	0
Stock-based compensation	16,200	8,250
Changes in assets and liabilities
(Increase) decrease in inventory	(21,750)	850
(Increase) decrease in prepaid expenses	(13,800)	21,022
Increase (decrease) in accounts payable	(14,729)	(70,153)
Increase (decrease) in other current liabilities	(25,917)	(81,392)
Increase (decrease) in accrued judgment award	(372,416)	0
(Increase) decrease in deferred tax asset	75,500	0
Net cash used in operating activities	(2,374)	(23,435)
INVESTING ACTIVITIES:
Acquisition of property and equipment	(335,984)	(215,100)
(Increase) decrease in restricted cash	456,492	0
Net cash provided by (used in) investing activities	120,508	(215,100)
FINANCING ACTIVITIES:
Proceeds from lines of credit and related party borrowings	0	220,000
Repayment of lines of credit and related party borrowings	0	(99,300)
Payments on notes payable	(61,169)	(57,883)
Net cash provided by (used in) financing activities	(61,169)	62,817
Net increase (decrease) in cash	56,965	(175,718)
Cash at beginning of period.	1,482,777	563,096
Cash at end of period.	1,539,742	387,378
Supplemental Cash Flow Information:
Cash paid for interest	96,887	100,175
Cash paid for income taxes	$ 87,500	$ 41,000

ORGANIZATION

ORGANIZATION	6 Months Ended
	Apr. 02, 2017
ORGANIZATION
ORGANIZATION	NOTE 1. ORGANIZATION Parks! America, Inc. (“Parks!” or the “Company”) was originally incorporated on July 30, 1954 as Painted Desert Uranium & Oil Co., Inc. in Washington State. On October 1, 2002, Painted Desert Uranium & Oil Co., Inc. changed its name to Royal Pacific Resources, Inc. and its corporate domicile to the State of Nevada. On December 19, 2003, Royal Pacific Resources, Inc. acquired the assets of Great Western Parks LLC pursuant to a Share Exchange Agreement that resulted in the Company assuming control and changing the corporate name to Great American Family Parks, Inc. The acquisition was accounted for as a reverse acquisition in which Great Western Parks was considered to be the acquirer of Royal Pacific Resources for reporting purposes. On June 11, 2008, the Company changed its name from Great American Family Parks, Inc. to Parks! America, Inc. The Company owns and operates through wholly owned subsidiaries two regional theme parks and is in the business of acquiring, developing and operating local and regional theme parks and attractions in the United States. The Company’s wholly owned subsidiaries are Wild Animal Safari, Inc., a Georgia corporation (“Wild Animal – Georgia”) and Wild Animal, Inc., a Missouri corporation (“Wild Animal – Missouri”). Wild Animal – Georgia owns and operates the Wild Animal Safari theme park in Pine Mountain, Georgia (the “Georgia Park”). Wild Animal – Missouri owns and operates the Wild Animal Safari theme park located in Strafford, Missouri (the “Missouri Park”). The Company acquired the Georgia Park on June 13, 2005, and the Missouri Park on March 5, 2008. The Parks are open year round but experience increased seasonal attendance, typically beginning in the latter half of March through early September. On a combined basis, net sales for the third and fourth quarter of the last two fiscal years represented approximately 67% to 72% of annual net sales.

SIGNIFICANT ACCOUNTING POLICIES

SIGNIFICANT ACCOUNTING POLICIES	6 Months Ended
	Apr. 02, 2017
SIGNIFICANT ACCOUNTING POLICIES
SIGNIFICANT ACCOUNTING POLICIES	NOTE 2. SIGNIFICANT ACCOUNTING POLICIES Basis of Presentation: The Company’s unaudited consolidated financial statements for the three months and six months ended April 2, 2017 and April 3, 2016 are presented in accordance with accounting principles generally accepted in the United States of America (“GAAP”). The Company believes that the disclosures made are adequate to make the information presented not misleading. The information reflects all adjustments that, in the opinion of management, are necessary for a fair presentation of the financial position and results of operations for the periods set forth herein. In the opinion of management interim results reflect all normal and recurring adjustments, and are not necessarily indicative of the results for a full fiscal year. These unaudited consolidated financial statements should be read in conjunction with audited consolidated financial statements and notes thereto included in the Company’s Annual Report on Form 10-K for the fiscal year ended October 2, 2016. Principles of Consolidation: The accompanying consolidated financial statements include the accounts of the Company and its wholly owned subsidiaries (Wild Animal – Georgia and Wild Animal – Missouri). All material inter-company accounts and transactions have been eliminated in consolidation. Accounting Method: The Company recognizes income and expenses based on the accrual method of accounting. Estimates and Assumptions: 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. Fiscal Year End: The Company’s fiscal year-end is the Sunday closest to September 30, and its quarterly close dates are also determined by the Sunday closest to the end of each quarterly reporting period. For the 2017 fiscal year, October 1 will be the closest Sunday, and for the 2016 fiscal year, October 2 was the closest Sunday. The 2017 fiscal year will be comprised of 52-weeks, while the 2016 fiscal year was comprised of 53-weeks. This fiscal calendar aligns the Company’s fiscal periods more closely with the seasonality of its business. The high season typically ends after the Labor Day holiday weekend. The period from October through early March is geared towards maintenance and preparation for the next busy season, which typically begins at Spring Break and runs through Labor Day. Reclassifications: Certain accounts and financial statement captions in the prior periods have been reclassified to conform to the current period financial statements. 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. Trade Accounts Receivable: The theme parks are a payment upfront business; therefore, the Company typically carries little or no accounts receivable. The Company had no accounts receivable as of April 2, 2017 and October 2, 2016, respectively. Inventory: Inventory consists of park supplies, and is stated at the lower of cost or market. Cost is determined on the first-in, first-out method. Inventories are reviewed and reconciled annually, because inventory levels turn over rapidly. Property and Equipment: Property and equipment is stated at cost. Depreciation is computed on the straight-line method over the estimated useful lives of the assets, which range from three to thirty-nine years. A summary is included below. April 2, 2017 October 2, 2016 Depreciable Lives Land $ 2,507,180 $ 2,507,180 not applicable Ground improvements 893,433 824,427 7-25 years Buildings and structures 2,882,285 2,882,285 10-39 years Animal shelters and habitats 1,270,224 1,219,023 10-39 years Park animals 727,705 642,769 5-10 years Equipment - concession and related 221,493 221,493 3-15 years Equipment and vehicles - yard and field 545,381 512,445 3-15 years Vehicles - buses and rental 209,626 186,932 3-5 years Rides and entertainment 181,866 181,867 5-10 years Furniture and fixtures 60,485 60,485 5-10 years Projects in process 70,321 - Property and equipment, cost 9,569,999 9,238,906 Less accumulated depreciation (2,980,008) (2,806,009) Property and equipment, net $ 6,589,991 $ 6,432,897 Intangible assets: Intangible assets consist of franchising fees, which are reported at cost and are being amortized over a period of 60 months. Impairment of Long-Lived Assets: The Company reviews its major assets for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. If an asset is considered impaired, then impairment will be recognized in an amount determined by the excess of the carrying amount of the asset over its fair value. Other Current Liabilities: The following is a breakdown of other current liabilities: April 2, 2017 October 2, 2016 Accrued sales taxes $ 52,998 $ 28,928 Deferred revenue 33,798 16,532 Accrued wages and payroll taxes 33,015 23,814 Accrued property taxes 18,224 37,408 Accrued income taxes 1,000 45,426 Other accrued liabilities 66,440 79,284 Other current liabilities $ 205,475 $ 231,392 Financial Instruments: The carrying amounts of financial instruments are considered by management to be their estimated fair values due to their short-term maturities. Securities that are publicly traded are valued at their fair market value as of the balance sheet date presented. Revenue Recognition: The Company’s major source of income is from theme park admissions. Theme park revenues from admission fees are generally recognized upon receipt of payment at the time of the customers’ visit to the parks. Theme park revenues from advance online ticket purchases are deferred until the customers’ visit to the parks. Short-term seasonal passes are sold primarily during the spring and summer seasons, are negligible to our results of operations and are not material. The Company periodically sells surplus animals created from the natural breeding process that occurs within the parks. All animal sales are reported as a separate revenue line item. Advertising and Market Development: The Company expenses advertising and marketing costs as incurred. Stock Based Compensation: The Company recognizes compensation costs on a straight-line basis over the requisite service period associated with the grant. No activity has occurred in relation to stock options during any period presented. The Company awards shares to its Board of Directors for service on the Board. The shares issued to the Board are “restricted” and are 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. Each director is typically granted 25,000 restricted shares annually, usually toward the end of the calendar year. 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. Basic and Diluted Net Income (Loss) Per Share: Basic net income (loss) per share amounts are computed based on the weighted average number of shares actually outstanding. Diluted net income (loss) per share amounts are computed using the weighted average number of common shares and common equivalent shares outstanding as if shares had been issued on the exercise of any common share rights unless the exercise becomes anti-dilutive. Basic and diluted net income (loss) per share is computed by dividing net income (loss) available to common stockholders by the weighted average number of common shares outstanding in each period. Dividend Policy: The Company has not yet adopted a policy regarding payment of dividends. Recent Accounting Pronouncements: Except as noted in “NOTE 4. LONG-TERM DEBT”, 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.

RESTRICTED CASH

RESTRICTED CASH	6 Months Ended
	Apr. 02, 2017
RESTRICTED CASH
RESTRICTED CASH	NOTE 3. RESTRICTED CASH As of February 5, 2015, the Company was required to post a security of $456,492 (the "Security Amount") in connection with the Company's appeal of a summary judgment and award of costs more fully described in "NOTE 9. COMMITMENTS AND CONTINGENCIES" herein. The Company deposited the Security Amount, in cash, in a newly established account with Fifth Third Bank, an Ohio Banking Corporation ("Fifth Third"). On April 8, 2015, Fifth Third issued a "Letter of Credit" equal to the Security Amount to the "Harper Defendants" (as that term is defined in Note 9). On November 8, 2016, $372,416 was paid out to the Harper Defendants against the Letter of Credit as a final settlement of the judgment and award of costs. As a result, the balance of the security amount, net of fees, was no longer restricted and on November 17, 2016 approximately $79,300 was returned to the Company as unrestricted funds.

LONG-TERM DEBT

LONG-TERM DEBT	6 Months Ended
	Apr. 02, 2017
LONG - TERM DEBT
LONG-TERM DEBT	NOTE 4. LONG-TERM DEBT On January 9, 2013, the Company completed a refinancing transaction (the “Refinancing Loan”) with Commercial Bank & Trust Company of Troup County (“CB&T”) as lender. The Refinancing Loan was for a principal amount of $3,752,000 and has a 20-year term. The Refinancing Loan is secured by substantially all the assets of the Company and its wholly owned subsidiaries. The Refinancing Loan bears interest at the rate of Prime Rate plus 2.50%, resulting in a rate of 5.75% during the first five years of the loan term. Thereafter, the interest rate will be re-priced every five years based on the then-Prime Rate plus 2.50%. During the first four months following the closing of the Refinancing Loan the Company was required to make interest-only payments. The minimum required monthly payment is approximately $26,343 during the first five years of the Refinancing Loan term. The closing costs for the Refinancing Loan totaled $175,369 and are being amortized over the 20-year life of the loan. April 2, 2017 October 2, 2016 Refinancing Loan principal outstanding $ 3,305,338 $ 3,366,507 Less: unamortized debt closing costs (143,048) (148,252) Gross long-term debt 3,162,290 3,218,255 Less current portion of long-term debt, net of unamortized debt closing costs (118,363) (104,652) Long-term debt $ 3,043,927 $ 3,113,603 As of April 2, 2017, the scheduled future principal maturities by fiscal year are as follows: 2017 $ 53,030 2018 132,566 2019 140,393 2020 148,681 2021 157,459 thereafter 2,673,209 Total $ 3,305,338 Interest expense of $50,796 and $56,628 for the three month period ended April 2, 2017 and April 3, 2016, respectively, includes $2,602 of amortization of debt closing costs in each period. Interest expense of $101,020 and $111,231 for the six month period ended April 2, 2017 and April 3, 2016, respectively, includes $5,204 of amortization of debt closing costs in each period. Effective October 3, 2016, the Company retroactively adopted the requirements of ASU No. 2015-03, Interest – Imputation of Interest (Subtopic 835-50): Simplifying the Presentation of Debt Issuance Costs

LINES OF CREDIT

LINES OF CREDIT	6 Months Ended
	Apr. 02, 2017
LINES OF CREDIT
LINES OF CREDIT	NOTE 5. LINES OF CREDIT The Company maintains a $350,000 line of credit (the “LOC”) loan from CB&T for working capital purposes. This LOC has an initial term of seven years, ending on January 8, 2020, and is subject to the satisfactory performance by the Company. The LOC interest rate is tied to the prime rate and was 5.75% as of April 2, 2017, with a minimum rate of 5.25%. The closing costs for the LOC totaled $11,482 and are being amortized over the initial seven-year term of the loan. As of April 2, 2017 and October 2, 2016, respectively, there was no outstanding balance against the LOC. When applicable, all advances on the Company’s LOC are recorded as current liabilities.

STOCKHOLDERS' EQUITY

STOCKHOLDERS' EQUITY	6 Months Ended
	Apr. 02, 2017
STOCKHOLDERS' EQUITY
STOCKHOLDERS' EQUITY	NOTE 6. STOCKHOLDERS’ EQUITY Common stock shares issued for service to the Company are valued based on market price on the date of issuance. On December 20, 2016, the Company awarded a total of 150,000 shares of its common stock to six Directors for their service on the Board of Directors at a fair market value of $0.108 per share or $16,200, which was reported as an expense in the first quarter of the 2017 fiscal year. On December 18, 2015, the Company awarded 150,000 shares of its common stock to six Directors for their service on the Board of Directors at a fair market value of $0.055 per share or $8,250, which was reported as an expense in the first quarter of the 2016 fiscal year. Officers, Directors and their controlled entities own approximately 55.3% of the outstanding common stock of the Company as of April 2, 2017.

SIGNIFICANT TRANSACTIONS WITH R

SIGNIFICANT TRANSACTIONS WITH RELATED PARTIES	6 Months Ended
	Apr. 02, 2017
SIGNIFICANT TRANSACTIONS WITH RELATED PARTIES
SIGNIFICANT TRANSACTIONS WITH RELATED PARTIES	NOTE 7. SIGNIFICANT TRANSACTIONS WITH RELATED PARTIES Employment Agreements: Effective June 1, 2009, the Company entered into an employment agreement with Dale Van Voorhis (the “2009 Van Voorhis Employment Agreement”) to serve as the Company’s Chief Operating Officer. Effective January 27, 2011, Mr. Van Voorhis was appointed as the Company’s Chief Executive Officer. Effective June 1, 2016, the Company and Mr. Van Voorhis entered into the “2016 Van Voorhis Employment Agreement”. Pursuant to the 2016 Van Voorhis Employment Agreement, Mr. Van Voorhis receives an initial base annual compensation in the amount of $90,000 per year, subject to annual review by the Board of Directors. The 2016 Van Voorhis Employment Agreement has a term of two years and entitles Mr. Van Voorhis to participate in any deferred compensation plan the Company may adopt during the term of his employment with the Company. On April 1, 2008, the Company entered into an employment agreement with Jim Meikle (the “2008 Meikle Employment Agreement”) pursuant to which Mr. Meikle was hired to serve as the President and Chief Executive Officer of each of the Company’s wholly owned subsidiaries. Effective January 27, 2011, Mr. Meikle was appointed as the Company’s Chief Operating Officer. Effective April 1, 2017, the Company and Mr. Meikle entered into the “2017 Meikle Employment Agreement”. Pursuant to the 2017 Meikle Employment Agreement, Mr. Meikle receives an initial base annual compensation in the amount of $135,000 per year, subject to annual review by the Board of Directors. The 2017 Meikle Employment Agreement has a term of two years and entitles Mr. Meikle to participate in any deferred compensation plan the Company may adopt during the term of his employment with the Company. Effective April 2, 2014, the Company entered into an employment agreement with Todd R. White (the “White Employment Agreement”) to serve as the Company’s Chief Financial Officer. Pursuant to the White Employment Agreement, Mr. White received an initial base annual compensation of $50,000 per year, subject to annual review by the Board of Directors. Mr. White also received a $10,000 signing bonus. Effective April 2, 2015, Mr. White’s annual base compensation was increased to $60,000. The White Employment Agreement has a term of five years and entitles Mr. White to participate in any deferred compensation plan the Company may adopt during the term of his employment with the Company. Each of the foregoing employment agreements contains provisions for severance compensation in the event an agreement is (i) terminated early by the Company without cause or (ii) in the event of a change in control of the Company. This additional severance compensation payable totals $455,000.

INCOME TAXES

INCOME TAXES	6 Months Ended
	Apr. 02, 2017
INCOME TAXES
INCOME TAXES	NOTE 8. INCOME TAXES For the six month period ended April 2, 2017, the Company reported a pre-tax income of $274,743. For the fiscal year ending October 1, 2017 the Company expects to generate pre-tax income and to record a tax provision at an effective rate of approximately 38%. As such, the Company recorded a tax provision of $104,000 for the six month period ended April 2, 2017. The Company’s cumulative Federal net operating loss carry-forward was approximately $1,913,000 at October 2, 2016 and will expire beginning in the year 2026. For the fiscal year ending October 1, 2017 the Company expects to utilize a portion of its Federal net tax operating loss carry-forwards to offset regular Federal cash tax due in its 2017 fiscal year. However, the Company will likely owe Federal alternative minimum tax for its 2017 fiscal year. Due to the change in ownership provisions of the Tax Reform Act of 1986, net operating loss carry forwards of approximately $1,913,000 for Federal income tax reporting purposes are subject to annual limitations. Should a change in ownership occur, Federal net operating loss carry forwards may be limited as to use in future years.

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	6 Months Ended
	Apr. 02, 2017
COMMITMENTS AND CONTINGENCIES
COMMITMENTS AND CONTINGENCIES	NOTE 9. COMMITMENTS AND CONTINGENCIES Background In September 2009, the Company filed an action against Larry Eastland, its former President and CEO, in the Eighth Judicial District Court of the State of Nevada (Parks! America, Inc. vs. Eastland; et al., Case No. 09-A-599668). The Company brought this action to obtain a Temporary Restraining Order and injunctive relief against Mr. Eastland and his related companies as to their attempt to install a new Board of Directors for the Company. The Temporary Restraining Order was granted, as was the Preliminary Injunction. In June 2012, the Company amended its complaint against the original defendants to, among other things, add new claims for relief, as well as join as defendants, LEA Capital Advisors, LLC, an entity controlled by Mr. Eastland (LEA Capital Advisors, LLC and the original defendants are collectively referred to herein as the “Eastland Defendants”), and Stanley Harper and Computer Contact Service, Inc., an entity controlled by Mr. Harper (together the “Harper Defendants”) for breaches of contract and fiduciary duty with regard to the Company’s purchase of TempSERV on September 30, 2007, its subsequent re-conveyance of TempSERV to Computer Contact Service, Inc. as of January 1, 2009, and other conduct of management at that time. The Company was seeking damages in excess of $1.8 million. Discovery was conducted on the claims between the parties, after which the Harper Defendants filed a Motion for Summary Judgment asking that the claims against them be dismissed and that the counterclaims asserted by the Harper Defendants against the Company be granted. After briefing and argument, the Court granted summary judgment in favor of the Harper Defendants. Because one of the contracts at issue contained a legal fee provision, the Harper Defendants filed a motion seeking to recover legal fees and costs. On October 24, 2014, the Court granted the Harper Defendants’ motion in part and ordered the Company to pay $304,328 in costs and attorney’s fees to the Harper Defendants. The Company appealed the summary judgment orders and the award of costs and attorney’s fees. On July 28, 2016, the Supreme Court of the State of Nevada issued an order mostly affirming the Eighth Judicial District Court’s summary judgment rulings and award of attorney’s fees and costs in favor of the Harper Defendants. After exhausting the Company’s options to further pursue its action against the Harper Defendants, the Company reached a final settlement with the Harper Defendants totaling $372,416, inclusive of additional attorney’s fees, costs and interest, which was paid on November 8, 2016. The separate claims against the Eastland Defendants then remained for trial in Nevada District Court. Settlement As of March 30, 2017, the portion of the Company’s District Court action against the Eastland Defendants has been resolved, subject to a fully-executed Settlement Agreement and Release (the “Eastland Settlement Agreement”), which was held in escrow. Pursuant to the Eastland Settlement Agreement, the Company, among other things, consented to the sale by certain of the Eastland Defendants of 10,010,000 shares of the Company’s common stock to Nicholas Parks (the “NP Transaction”). The Company received $80,000 as a settlement payment on April 21, 2017 and the settlement documents were released from escrow. A Stipulation and Order to Dismiss the Litigation with Prejudice was filed on April 24, 2017. As part of the NP Transaction, the Company and Nicholas Parks entered into a Settlement Agreement and Release dated as of March 30, 2017 (the “NP Settlement Agreement”). This Agreement also has been released from escrow and is effective. As a result of the NP Transaction, Nicholas Parks holds shares representing approximately 13.4% of the outstanding common stock of the Company. In addition, the Company received 10,000 shares from the Eastland Defendants, which shares the Company intends to cancel. Other Matters Except as described above, the Company is not a party to any pending legal proceeding, 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.

BUSINESS SEGMENTS

BUSINESS SEGMENTS	6 Months Ended
	Apr. 02, 2017
BUSINESS SEGMENTS
BUSINESS SEGMENTS	NOTE 10. BUSINESS SEGMENTS The Company manages its operations on an individual location basis. Discrete financial information is maintained for each Park and provided to management for review and as a basis for decision-making. The primary performance measures used to allocate resources are Park earnings before interest and tax expense, and free cash flow. The following tables present financial information regarding each of the Company’s reportable segments: For the three months ended For the six months ended April 2, 2017 April 3, 2016 April 2, 2017 April 3, 2016 Total net sales: Georgia $ 1,068,555 $ 739,574 $ 1,948,381 $ 1,406,989 Missouri 151,303 144,278 270,907 249,475 Consolidated $ 1,219,858 $ 883,852 $ 2,219,288 $ 1,656,464 Income (loss) before income taxes: Georgia $ 552,206 $ 293,159 $ 943,766 $ 472,326 Missouri (65,804) (56,580) (139,463) (161,092) Segment total 486,402 236,579 804,303 311,234 Corporate (172,218) (117,129) (433,199) (276,441) Other income (expense), net 2,828 1,926 4,659 4,022 Interest expense (50,796) (56,628) (101,020) (111,231) Consolidated $ 266,216 $ 64,748 $ 274,743 $ (72,416) As of April 2, 2017 October 2, 2016 Total assets: Georgia $ 5,797,467 $ 5,350,266 Missouri 2,521,542 2,633,066 Corporate 755,030 1,372,791 Consolidated $ 9,074,039 $ 9,356,123

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	6 Months Ended
	Apr. 02, 2017
SUBSEQUENT EVENTS
SUBSEQUENT EVENTS	NOTE 11. SUBSEQUENT EVENTS In accordance with ASC 855-10 the Company has analyzed its operations subsequent to April 2, 2017 to the date these financial statements were issued and has determined that it does not have any material subsequent events to disclose in these unaudited consolidated financial statements, except as follows: on March 30, 2017, the Company settled its litigation against a former officer and director of the Company, which was finalized and released from escrow on April 20, 2017. For more information regarding this Order see “NOTE 9. COMMITMENTS AND CONTINGENCIES” herein.

ACCOUNTING POLICIES (Policies)

ACCOUNTING POLICIES (Policies)	6 Months Ended
	Apr. 02, 2017
ACCOUNTING POLICIES
Basis of Presentation	Basis of Presentation: The Company’s unaudited consolidated financial statements for the three months and six months ended April 2, 2017 and April 3, 2016 are presented in accordance with accounting principles generally accepted in the United States of America (“GAAP”). The Company believes that the disclosures made are adequate to make the information presented not misleading. The information reflects all adjustments that, in the opinion of management, are necessary for a fair presentation of the financial position and results of operations for the periods set forth herein. In the opinion of management interim results reflect all normal and recurring adjustments, and are not necessarily indicative of the results for a full fiscal year. These unaudited consolidated financial statements should be read in conjunction with audited consolidated financial statements and notes thereto included in the Company’s Annual Report on Form 10-K for the fiscal year ended October 2, 2016.
Principles of Consolidation	Principles of Consolidation: The accompanying consolidated financial statements include the accounts of the Company and its wholly owned subsidiaries (Wild Animal – Georgia and Wild Animal – Missouri). All material inter-company accounts and transactions have been eliminated in consolidation.
Accounting Method	Accounting Method: The Company recognizes income and expenses based on the accrual method of accounting.
Estimates and Assumptions	Estimates and Assumptions: 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.
Fiscal Year End	Fiscal Year End: The Company’s fiscal year-end is the Sunday closest to September 30, and its quarterly close dates are also determined by the Sunday closest to the end of each quarterly reporting period. For the 2017 fiscal year, October 1 will be the closest Sunday, and for the 2016 fiscal year, October 2 was the closest Sunday. The 2017 fiscal year will be comprised of 52-weeks, while the 2016 fiscal year was comprised of 53-weeks. This fiscal calendar aligns the Company’s fiscal periods more closely with the seasonality of its business. The high season typically ends after the Labor Day holiday weekend. The period from October through early March is geared towards maintenance and preparation for the next busy season, which typically begins at Spring Break and runs through Labor Day.
Reclassifications	Reclassifications: Certain accounts and financial statement captions in the prior periods have been reclassified to conform to the current period financial statements.
Financial and Concentrations Risk	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.
Trade Accounts Receivable	Trade Accounts Receivable: The theme parks are a payment upfront business; therefore, the Company typically carries little or no accounts receivable. The Company had no accounts receivable as of April 2, 2017 and October 2, 2016, respectively.
Inventory	Inventory: Inventory consists of park supplies, and is stated at the lower of cost or market. Cost is determined on the first-in, first-out method. Inventories are reviewed and reconciled annually, because inventory levels turn over rapidly.
Property and Equipment	Property and Equipment: Property and equipment is stated at cost. Depreciation is computed on the straight-line method over the estimated useful lives of the assets, which range from three to thirty-nine years. A summary is included below. April 2, 2017 October 2, 2016 Depreciable Lives Land $ 2,507,180 $ 2,507,180 not applicable Ground improvements 893,433 824,427 7-25 years Buildings and structures 2,882,285 2,882,285 10-39 years Animal shelters and habitats 1,270,224 1,219,023 10-39 years Park animals 727,705 642,769 5-10 years Equipment - concession and related 221,493 221,493 3-15 years Equipment and vehicles - yard and field 545,381 512,445 3-15 years Vehicles - buses and rental 209,626 186,932 3-5 years Rides and entertainment 181,866 181,867 5-10 years Furniture and fixtures 60,485 60,485 5-10 years Projects in process 70,321 - Property and equipment, cost 9,569,999 9,238,906 Less accumulated depreciation (2,980,008) (2,806,009) Property and equipment, net $ 6,589,991 $ 6,432,897
Intangible assets	Intangible assets: Intangible assets consist of franchising fees, which are reported at cost and are being amortized over a period of 60 months.
Impairment of Long-Lived Assets	Impairment of Long-Lived Assets: The Company reviews its major assets for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. If an asset is considered impaired, then impairment will be recognized in an amount determined by the excess of the carrying amount of the asset over its fair value.
Other Current Liabilities	Other Current Liabilities: The following is a breakdown of other current liabilities: April 2, 2017 October 2, 2016 Accrued sales taxes $ 52,998 $ 28,928 Deferred revenue 33,798 16,532 Accrued wages and payroll taxes 33,015 23,814 Accrued property taxes 18,224 37,408 Accrued income taxes 1,000 45,426 Other accrued liabilities 66,440 79,284 Other current liabilities $ 205,475 $ 231,392
Financial Instruments	Financial Instruments: The carrying amounts of financial instruments are considered by management to be their estimated fair values due to their short-term maturities. Securities that are publicly traded are valued at their fair market value as of the balance sheet date presented.
Revenue Recognition	Revenue Recognition: The Company’s major source of income is from theme park admissions. Theme park revenues from admission fees are generally recognized upon receipt of payment at the time of the customers’ visit to the parks. Theme park revenues from advance online ticket purchases are deferred until the customers’ visit to the parks. Short-term seasonal passes are sold primarily during the spring and summer seasons, are negligible to our results of operations and are not material. The Company periodically sells surplus animals created from the natural breeding process that occurs within the parks. All animal sales are reported as a separate revenue line item.
Advertising and Market Development	Advertising and Market Development: The Company expenses advertising and marketing costs as incurred.
Stock Based Compensation	Stock Based Compensation: The Company recognizes compensation costs on a straight-line basis over the requisite service period associated with the grant. No activity has occurred in relation to stock options during any period presented. The Company awards shares to its Board of Directors for service on the Board. The shares issued to the Board are “restricted” and are 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. Each director is typically granted 25,000 restricted shares annually, usually toward the end of the calendar year.
Income Taxes	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.
Basic and Diluted Net Income (Loss) Per Share	Basic and Diluted Net Income (Loss) Per Share: Basic net income (loss) per share amounts are computed based on the weighted average number of shares actually outstanding. Diluted net income (loss) per share amounts are computed using the weighted average number of common shares and common equivalent shares outstanding as if shares had been issued on the exercise of any common share rights unless the exercise becomes anti-dilutive. Basic and diluted net income (loss) per share is computed by dividing net income (loss) available to common stockholders by the weighted average number of common shares outstanding in each period.
Dividend Policy	Dividend Policy: The Company has not yet adopted a policy regarding payment of dividends.
Recent Accounting Pronouncements	Recent Accounting Pronouncements: Except as noted in “NOTE 4. LONG-TERM DEBT”, 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.

PROPERTY AND EQUIPMENT (Tables)

PROPERTY AND EQUIPMENT (Tables)	6 Months Ended
	Apr. 02, 2017
PROPERTY AND EQUIPMENT (TABLES)
PROPERTY AND EQUIPMENT (TABLES)	Property and equipment is stated at cost. Depreciation is computed on the straight-line method over the estimated useful lives of the assets, which range from three to thirty-nine years. A summary is included below. April 2, 2017 October 2, 2016 Depreciable Lives Land $ 2,507,180 $ 2,507,180 not applicable Ground improvements 893,433 824,427 7-25 years Buildings and structures 2,882,285 2,882,285 10-39 years Animal shelters and habitats 1,270,224 1,219,023 10-39 years Park animals 727,705 642,769 5-10 years Equipment - concession and related 221,493 221,493 3-15 years Equipment and vehicles - yard and field 545,381 512,445 3-15 years Vehicles - buses and rental 209,626 186,932 3-5 years Rides and entertainment 181,866 181,867 5-10 years Furniture and fixtures 60,485 60,485 5-10 years Projects in process 70,321 - Property and equipment, cost 9,569,999 9,238,906 Less accumulated depreciation (2,980,008) (2,806,009) Property and equipment, net $ 6,589,991 $ 6,432,897

OTHER CURRENT LIABILITIES (Tabl

OTHER CURRENT LIABILITIES (Tables)	6 Months Ended
	Apr. 02, 2017
OTHER CURRENT LIABILITIES (TABLES):
OTHER CURRENT LIABILITIES (TABLES)	The following is a breakdown of other current liabilities: April 2, 2017 October 2, 2016 Accrued sales taxes $ 52,998 $ 28,928 Deferred revenue 33,798 16,532 Accrued wages and payroll taxes 33,015 23,814 Accrued property taxes 18,224 37,408 Accrued income taxes 1,000 45,426 Other accrued liabilities 66,440 79,284 Other current liabilities $ 205,475 $ 231,392

SCHEDULE OF LONG-TERM DEBT (Tab

SCHEDULE OF LONG-TERM DEBT (Tables)	6 Months Ended
	Apr. 02, 2017
SCHEDULE OF LONG-TERM DEBT
SCHEDULE OF LONG-TERM DEBT	The closing costs for the Refinancing Loan totaled $175,369 and are being amortized over the 20-year life of the loan. April 2, 2017 October 2, 2016 Refinancing Loan principal outstanding $ 3,305,338 $ 3,366,507 Less: unamortized debt closing costs (143,048) (148,252) Gross long-term debt 3,162,290 3,218,255 Less current portion of long-term debt, net of unamortized debt closing costs (118,363) (104,652) Long-term debt $ 3,043,927 $ 3,113,603 As of April 2, 2017, the scheduled future principal maturities by fiscal year are as follows: 2017 $ 53,030 2018 132,566 2019 140,393 2020 148,681 2021 157,459 thereafter 2,673,209 Total $ 3,305,338

SCHEDULE OF BUSINESS SEGMENTS (

SCHEDULE OF BUSINESS SEGMENTS (Tables)	6 Months Ended
	Apr. 02, 2017
SCHEDULE OF BUSINESS SEGMENTS
SCHEDULE OF BUSINESS SEGMENTS	The following tables present financial information regarding each of the Company’s reportable segments: For the three months ended For the six months ended April 2, 2017 April 3, 2016 April 2, 2017 April 3, 2016 Total net sales: Georgia $ 1,068,555 $ 739,574 $ 1,948,381 $ 1,406,989 Missouri 151,303 144,278 270,907 249,475 Consolidated $ 1,219,858 $ 883,852 $ 2,219,288 $ 1,656,464 Income (loss) before income taxes: Georgia $ 552,206 $ 293,159 $ 943,766 $ 472,326 Missouri (65,804) (56,580) (139,463) (161,092) Segment total 486,402 236,579 804,303 311,234 Corporate (172,218) (117,129) (433,199) (276,441) Other income (expense), net 2,828 1,926 4,659 4,022 Interest expense (50,796) (56,628) (101,020) (111,231) Consolidated $ 266,216 $ 64,748 $ 274,743 $ (72,416) As of April 2, 2017 October 2, 2016 Total assets: Georgia $ 5,797,467 $ 5,350,266 Missouri 2,521,542 2,633,066 Corporate 755,030 1,372,791 Consolidated $ 9,074,039 $ 9,356,123

ORGANIZATION (Details)

ORGANIZATION (Details)	Apr. 02, 2017
ORGANIZATION DETAILS
Percentage of annual net sales which occured during the third and fourth quarter of the last two years minimum	67.00%
Percentage of annual net sales which occured during the third and fourth quarter of the last two years maximum	72.00%

PROPERTY AND EQUIPMENT STRAIGHT

PROPERTY AND EQUIPMENT STRAIGHT LINE METHOD (Details)	Apr. 02, 2017USD ($)	Oct. 02, 2016USD ($)
PROPERTY AND EQUIPMENT STRAIGHT LINE METHOD DETAILS
Land	$ 2,507,180	$ 2,507,180
Ground improvements depreciable Lives from 7 to 25 years	893,433	824,427
Buildings and structures depreciable Lives from 10 to 39 years	2,882,285	2,882,285
Animal shelters and habitats depreciable Lives from 10 to 39 years	1,270,224	1,219,023
Park animals depreciable Lives from 5 to 10 years	727,705	642,769
Equipment - concession and related depreciable Lives from 3 to 15 years	221,493	221,493
Equipment and vehicles - yard and field depreciable Lives from 3 to 15 years	545,381	512,445
Vehicles - buses and rental depreciable Lives from 3 to 5 years	$ 209,626	$ 186,932
Rides and entertainment depreciable Lives from 5 to 10 years	181,866	181,867
Furniture and fixtures depreciable Lives from 5 to 10 years	$ 60,485	$ 60,485
Projects in process	70,321
Property and equipment, cost	9,569,999	9,238,906
Less accumulated depreciation	(2,980,008)	(2,806,009)
Property and equipment, net	$ 6,589,991	$ 6,432,897

OTHER CURRENT LIABILITIES (Deta

OTHER CURRENT LIABILITIES (Details) - USD ($)	Apr. 02, 2017	Oct. 02, 2016
OTHER CURRENT LIABILITIES DETAILS
Accrued sales taxes	$ 52,998	$ 28,928
Deferred revenue	33,798	16,532
Accrued wages and payroll taxes	33,015	23,814
Accrued property taxes	18,224	37,408
Accrued income taxes	1,000	45,426
Other accrued liabilities	66,440	79,284
Other current liabilities	$ 205,475	$ 231,392

STOCK BASED COMPENSATION (Detai

STOCK BASED COMPENSATION (Details)	Apr. 02, 2017shares
STOC BASED COMPENSATION DETAILS
Each director typically granted Restricted shares annually	25,000

RESTRICTED CASH (Details)

RESTRICTED CASH (Details) - USD ($)	Nov. 17, 2016	Nov. 08, 2016
Restricted Cash Details
Paid out to the Harper Defendants against the Letter of Credit		$ 372,416
Returned to the Company as unrestricted funds	$ 79,300

REFINANCING LOAN (Details)

REFINANCING LOAN (Details)	Jan. 09, 2013USD ($)
REFINANCING LOAN DETAILS
Refinancing loan for a principal amount	$ 3,752,000
Refinancing loan in years	20
Refinancing Loan bears interest at the rate of Prime Rate plus minimum	2.50%
Refinancing Loan interest rate for its first five years	5.75%
Interest Rate Will RePriced After Years Of LoanTerm	5
Interest rate will repriced after 5 years at the rate of Prime Rate plus	2.50%
The minimum required monthly payment on refinancing loan durring its first five years	$ 26,343
Refinancing loans closing costs	$ 175,369
Refinancing Loan amortized in years	20

REFINANCING LOAN-NARRATIVE (Det

REFINANCING LOAN-NARRATIVE (Details) - USD ($)	Apr. 02, 2017	Oct. 02, 2016
REFINANCING LOAN-NARRATIVE
Refinancing Loan principal outstanding	$ 3,305,338	$ 3,366,507
Less: unamortized debt closing costs	(143,048)	(148,252)
Gross long-term debt	3,162,290	3,218,255
Less current portion of long-term debt, net of unamortized debt closing costs	(118,363)	(104,652)
Long-term debt	$ 3,043,927	$ 3,113,603

LONG-TERM DEBT (Details)

LONG-TERM DEBT (Details)	Apr. 02, 2017USD ($)
LONG-TERM DEBT Details
Future principal maturities in 2017	$ 53,030
Future principal maturities in 2018	132,566
Future principal maturities in 2019	140,393
Future principal maturities in 2020	148,681
Future principal maturities in 2021	157,459
There after	2,673,209
Total	$ 3,305,338

INTEREST EXPENSE (Details)

INTEREST EXPENSE (Details) - USD ($)	3 Months Ended		6 Months Ended
	Apr. 02, 2017	Apr. 03, 2016	Apr. 02, 2017	Apr. 03, 2016
INTEREST EXPENSES Details
Interest expense of long-term debt	$ 50,796	$ 56,628	$ 101,020	$ 111,231
Amortization of debt closing costs in each period	$ 2,602	$ 2,602	$ 5,204	$ 5,204

CURRENT PORTION LONG TERM DEBT

CURRENT PORTION LONG TERM DEBT (Details)	Oct. 02, 2016USD ($)
CURRENT PORTION LONG TERM DEBT PREVIOUSLY REPORTED Details
Long-term debt and the current portion long-term debt	$ 3,251,447
Long-term debt and the current portion long-term debt reported on the balance sheet	115,060
Unamortized debt closing costs reported in intangible assets	$ 148,252

LINES OF CREDIT (Details)

LINES OF CREDIT (Details) - USD ($)	Apr. 02, 2017	Oct. 02, 2016
WORKING CAPITAL CREDIT DETAILS
Loan obtained for working capital	$ 350,000
Closing costs for the LOC totaled	$ 11,482
Line of credit interest rate	5.25%
Outstanding balance for Director loans	$ 0	$ 0

COMMON STOCK TRANSACTIONS (Deta

COMMON STOCK TRANSACTIONS (Details) - USD ($)	Apr. 02, 2017	Dec. 20, 2016	Dec. 18, 2015
COMMON STOCK TRANSACTIONS DETAILS
Company awarded shares to directors for services		150,000	150,000
Board of Directors at a fair market value per share		$ 0.108	$ 0.055
Board of Directors at a fair market value		$ 16,200	$ 8,250
Percentage of Common stock outstanding of the company held by Officer, directors and their controlled entities	55.30%

RELATED PARTY TRANSACTIONS (Det

RELATED PARTY TRANSACTIONS (Details)	Apr. 02, 2017USD ($)
RELATED PARTY TRANSACTIONS:
Mr. Van Voorhis receives an initial base compensation	$ 90,000
Mr. Meikle receives an initial base compensation	135,000
Mr. White receives an initial base effective January 1, 2014 compensation	50,000
Mr. White received signing bonus	10,000
Mr. White's annual base compensation effective from January 1, 2015 was increased to	60,000
Employment agreements additional severance compensation payable totals	$ 455,000

INCOME TAXES (Details)

INCOME TAXES (Details)	6 Months Ended
	Apr. 02, 2017USD ($)
Income tax details
Company has Reported a pre- tax income	$ 274,743
Expects to generate pre-tax income and to record a tax provision	38.00%
Company recorded a tax provision	$ 104,000

FEDERAL NET OPERTAING LOSS (Det

FEDERAL NET OPERTAING LOSS (Details)	Oct. 02, 2016USD ($)
Federal Net Operating loss Details
Cumulative Federal Net Operating loss carry forward approximately	$ 1,913,000
Net operating loss carry forwards subject to change of ownership provisions of the tax Reform Act of 1986	$ 1,913,000

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Details) - USD ($)	Mar. 30, 2017	Oct. 24, 2014	Jun. 30, 2012
COMMITMENTS AND CONTINGENCIES DETAILS
Company seeking damages in excess			$ 1,800,000
Judgement against the company for costs and attorney's fees		$ 304,328
Sale by certain of the Eastland Defendants shares of the Company's common stock to Nicholas Parks	10,010,000
Company received as a settlement payment	$ 80,000
Nicholas Parks holds shares of the outstanding common stock	13.40%
Company received shares from the Eastland Defendants	10,000

BUSINESS-SEGMENTS (Details)

BUSINESS-SEGMENTS (Details) - USD ($)	3 Months Ended		6 Months Ended
	Apr. 02, 2017	Apr. 03, 2016	Apr. 02, 2017	Apr. 03, 2016
Total net sales:
Total net sales Georgia	$ 1,068,555	$ 739,574	$ 1,948,381	$ 1,406,989
Total net sales Missouri	151,303	144,278	270,907	249,475
Total net sales Consolidated	1,219,858	883,852	2,219,288	1,656,464
Income before income taxes:
Income before income taxes Georgia	552,206	293,159	943,766	472,326
Income before income taxes Missouri	(65,804)	(56,580)	(139,463)	(161,092)
Income before income taxes Segment total	486,402	236,579	804,303	311,234
Income before income taxes Corporate	(172,218)	(117,129)	(433,199)	(276,441)
Income before income taxes Other income (expense), net	2,828	1,926	4,659	4,022
Income before income taxes Interest expense	(50,796)	(56,628)	(101,020)	(111,231)
Income before income taxes Consolidated	$ 266,216	$ 64,748	$ 274,743	$ (72,416)

BUSINESS SEGMENTS ASSETS (Detai

BUSINESS SEGMENTS ASSETS (Details) - USD ($)	Apr. 02, 2017	Oct. 02, 2016
Total assets:
Total assets Georgia	$ 5,797,467	$ 5,350,266
Total assets Missouri	2,521,542	2,633,066
Total assets Corporate	755,030	1,372,791
Total assets Consolidated	$ 9,074,039	$ 9,356,123