Parks! America (PRKA) 10-Q 6 Aug 20 2020 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Jun. 28, 2020	Aug. 03, 2020
Details
Registrant Name	PARKS AMERICA, INC
Registrant CIK	0001297937
Fiscal Year End	--09-30
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Jun. 28, 2020
Document Transition Report	false
Entity File Number	000-51254
Entity Incorporation, State or Country Code	NV
Entity Tax Identification Number	91-0626756
Entity Address, Address Line One	1300 Oak Grove Road
Entity Address, City or Town	Pine Mountain
Entity Address, State or Province	GA
Entity Address, Postal Zip Code	31822
Entity Address, Address Description	Address of principal executive offices
Phone Fax Number Description	Issuer's telephone Number
City Area Code	706
Local Phone Number	663-8744
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		75,021,537
Amendment Flag	false
Document Fiscal Year Focus	2020
Document Fiscal Period Focus	Q3

Consolidated Balance Sheets (un

Consolidated Balance Sheets (unaudited) - USD ($)	Jun. 28, 2020	Sep. 29, 2019
ASSETS
Cash	$ 3,731,533	$ 3,787,815
Inventory	203,721	195,201
Prepaid expenses	162,925	147,529
Total current assets	4,098,179	4,130,545
Property and equipment, net	13,827,671	6,620,405
Intangible assets, net	0	600
Other assets	12,144	11,786
Total assets	17,937,994	10,763,336
Liabilities
Accounts payable	73,272	96,270
Other current liabilities	855,164	384,160
Current portion of long-term debt, net	354,425	204,355
Total current liabilities	1,282,861	684,785
Long-term debt, net	6,709,723	1,154,013
Total liabilities	7,992,584	1,838,798
Stockholders' equity
Common Stock, Value, Issued	75,021	74,821
Capital in excess of par	4,889,316	4,855,516
Treasury stock	(3,250)	(3,250)
Retained earnings	4,984,323	3,997,451
Total stockholders' equity	9,945,410	8,924,538
Total liabilities and stockholders' equity	$ 17,937,994	$ 10,763,336

Consolidated Balance Sheets (_2

Consolidated Balance Sheets (unaudited) - Parenthetical - $ / shares	Jun. 28, 2020	Sep. 29, 2019
Details
Common Stock, Shares Authorized	300,000,000	300,000,000
Common Stock, Par or Stated Value Per Share	$ 0.001	$ 0.001
Common Stock, Shares, Issued	75,021,537	74,821,537
Common Stock, Shares, Outstanding	75,021,537	74,821,537

Consolidated Statements of Oper

Consolidated Statements of Operations (unaudited) - USD ($) shares in Thousands	3 Months Ended		9 Months Ended
	Jun. 28, 2020	Jun. 30, 2019	Jun. 28, 2020	Jun. 30, 2019
Details
Net sales	$ 3,203,527	$ 2,116,149	$ 4,917,457	$ 4,104,657
Sale of animals	16,681	20,312	41,193	52,525
Total net sales	3,220,208	2,136,461	4,958,650	4,157,182
Cost of sales	288,400	198,006	538,165	447,968
Selling, general and administrative	1,032,128	886,002	2,646,973	2,450,050
Depreciation and amortization	150,833	115,199	385,833	345,597
Tornado damage and expenses, net	0	70,944	(24,373)	70,944
(Gain) loss on disposal of operating assets, net	0	15,847	0	15,847
Income from operations	1,748,847	850,463	1,412,052	826,776
Other income, net	3,293	5,843	18,797	21,361
Interest expense	(64,165)	(18,811)	(99,077)	(57,632)
Income before income taxes	1,687,975	837,495	1,331,772	790,505
Income tax provision	421,800	218,800	344,900	221,500
Net income	$ 1,266,175	$ 618,695	$ 986,872	$ 569,005
Income per share - basic and diluted	$ 0.02	$ 0.01	$ 0.01	$ 0.01
Weighted average shares outstanding (in 000's) - basic and diluted	75,021	74,821	74,945	74,782

Consolidated Statements Changes

Consolidated Statements Changes in Stockholders' Equity (unaudited) - USD ($)	Common Stock	Additional Paid-in Capital	Treasury Stock	Retained Earnings	Total
Stockholders' Equity at Sep. 30, 2018	$ 74,721	$ 4,837,116	$ (3,250)	$ 2,900,913	$ 7,809,500
Shares Outstanding at Sep. 30, 2018	74,721,537
Net Income (Loss)	$ 0	0	0	(15,483)	(15,483)
Stockholders' Equity at Dec. 30, 2018	$ 74,721	4,837,116	(3,250)	2,885,430	7,794,017
Shares Outstanding at Dec. 30, 2018	74,721,537
Net Income (Loss)	$ 0	0	0	(34,207)	(34,207)
Stockholders' Equity at Mar. 31, 2019	$ 74,821	4,855,516	(3,250)	2,851,223	7,778,310
Shares Outstanding at Mar. 31, 2019	74,821,537
Stock Issued During Period, Value, New Issues	$ 100	18,400	0	0	18,500
Stock Issued During Period, Shares, New Issues	100,000
Net Income (Loss)	$ 0	0	0	618,695	618,695
Stockholders' Equity at Jun. 30, 2019	$ 74,821	4,855,516	(3,250)	3,469,918	8,397,005
Shares Outstanding at Jun. 30, 2019	74,821,537
Stockholders' Equity at Sep. 29, 2019	$ 74,821	4,855,516	(3,250)	3,997,451	8,924,538
Shares Outstanding at Sep. 29, 2019	74,821,537
Net Income (Loss)	$ 0	0	0	(89,151)	(89,151)
Stockholders' Equity at Dec. 29, 2019	$ 74,821	4,855,516	(3,250)	3,908,300	8,835,387
Shares Outstanding at Dec. 29, 2019	74,821,537
Net Income (Loss)	$ 0	0	0	(190,152)	(190,152)
Stockholders' Equity at Mar. 29, 2020	$ 75,021	4,889,316	(3,250)	3,718,148	8,679,235
Shares Outstanding at Mar. 29, 2020	75,021,537
Stock Issued During Period, Value, New Issues	$ 200	33,800	0	0	34,000
Stock Issued During Period, Shares, New Issues	200,000
Net Income (Loss)	$ 0	0	0	1,266,175	1,266,175
Stockholders' Equity at Jun. 28, 2020	$ 75,021	$ 4,889,316	$ (3,250)	$ 4,984,323	$ 9,945,410
Shares Outstanding at Jun. 28, 2020	75,021,537

Consolidated Statements of Cash

Consolidated Statements of Cash Flows (unaudited) - USD ($)	9 Months Ended
	Jun. 28, 2020	Jun. 30, 2019
OPERATING ACTIVITIES:
Net income	$ 986,872	$ 569,005
Reconciliation of net income to net cash provided by operating activities:
Depreciation and amortization expense	385,833	345,597
Interest expense - debt financing cost amortization	2,625	1,680
Interest expense - loan discount amortization	2,997	0
Tornado damage asset write-offs	0	51,721
(Gain) loss on disposal of operating assets, net	0	15,847
Stock-based compensation	34,000	18,500
Changes in assets and liabilities
(Increase) decrease in inventory	1,480	(23,600)
(Increase) decrease in prepaid expenses	(15,396)	7,169
Increase (decrease) in accounts payable	(22,998)	(34,922)
Increase (decrease) in other current liabilities	432,004	197,151
Net cash provided by operating activities	1,807,417	1,148,148
INVESTING ACTIVITIES:
Acquisition of property and equipment	(461,465)	(432,501)
Acquisition of Aggieland Safari	(6,373,500)	0
Proceeds from the disposition of property and equipment	0	3,324
Net cash used in investing activities	(6,834,965)	(429,177)
FINANCING ACTIVITIES:
Payments on 2018 Term Loan	(154,446)	(147,030)
Proceeds from 2020 Term Loan	5,000,000	0
Proceeds from Paycheck Protection Program Loans	188,087	0
Debt financing costs	(62,375)	0
Net cash provided by (used in) financing activities	4,971,266	(147,030)
Net increase (decrease) in cash	(56,282)	571,941
Cash at beginning of period	3,787,815	2,674,260
Cash at end of period	3,731,533	3,246,201
Supplemental Cash Flow Information:
Cash paid for interest	92,352	56,570
Cash paid for income taxes	124,000	282,900
Non-Cash Investing and Financing Activities:
Note to Aggieland Safari Seller	$ 728,500	$ 0

Note 1 - Organization

Note 1 - Organization	9 Months Ended
	Jun. 28, 2020
Notes
Note 1 - 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 three 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”), 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 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”). Aggieland Wild Animal – Texas owns and operates the Aggieland Wild Animal Safari theme park near Bryan/College Station, Texas (the “Texas Park”). The Company acquired the Georgia Park on June 13, 2005, the Missouri Park on March 5, 2008, and the Texas Park on April 27, 2020. The Parks are open year round but experience increased seasonal attendance, typically beginning in the latter half of March through early September. On a historical basis, the Company’s net sales for the third and fourth quarter of the last two fiscal years represented approximately 67% to 68% of annual net sales. COVID-19 In March 2020, the World Health Organization characterized COVID-19, a disease caused by a novel strain of a coronavirus, as a pandemic. The rapid spread of COVID-19 has resulted in governmental authorities throughout the United States implementing a variety of containment measures with the objective of slowing the spread of the virus, including travel restrictions, shelter-in-place orders and business shutdowns. The COVID-19 pandemic and these containment measures have had, and could continue to have, a material impact on the Company’s business. The rapid acceleration of the COVID-19 pandemic in the United States occurred at the beginning of the Company’s annual high season. The Company began to see a significant reduction in paid attendance at its Georgia and Missouri Parks beginning the week of March 9, 2020. Effective April 3, 2020, the Company’s Georgia and Missouri Parks were closed as a result of shelter-in-place mandates in Georgia and Missouri. Also note that prior to the Company’s acquisition of the Texas Park, its operations were suspended for the majority of April 2020 due to a shelter-in-place mandate in Texas. In compliance with respective state issued guidelines, the Georgia Park and the Texas Park each reopened on May 1, 2020, and the Missouri Park reopened on May 4, 2020. Attendance levels have been strong at each of the Company’s three Parks from mid-May through the end of June 2020, which has continued through July. However, there may be longer-term negative impacts to the Company’s business, results of operations and cash flows, and financial condition as a result of the COVID-19 pandemic. These negative impacts include changes in customer behavior and preferences causing significant volatility or reductions in Park attendance, increases in operating expenses to comply with additional hygiene-related protocols, limitations in our ability to recruit and maintain staffing, limitations on our employees ability to work and travel, and significant changes in the economic or political conditions in the areas the Company’s Parks are located. Despite the Company’s efforts to manage these impacts, the ultimate impact may be material, and will depend on a number of factors beyond its control, including the duration and severity of the COVID-19 pandemic and actions by governmental authorities taken to contain its spread and mitigate its public health effects.

Note 2 - Significant Accounting

Note 2 - Significant Accounting Policies	9 Months Ended
	Jun. 28, 2020
Notes
Note 2 - Significant Accounting Policies	NOTE 2. SIGNIFICANT ACCOUNTING POLICIES Basis of Presentation: These unaudited consolidated financial statements should be read in conjunction with the audited consolidated financial statements and notes thereto included in the Company’s Annual Report on Form 10-K for the fiscal year ended September 29, 2019. Principles of Consolidation: Accounting Method: Estimates and Assumptions: Fiscal Year End: Financial and Concentrations Risk: Trade Accounts Receivable: Inventory: Property and Equipment: June 28, 2020 September 29, 2019 Depreciable Lives Land $ 6,486,180 $ 2,507,180 not applicable Mineral rights 466,000 - 25 years Ground improvements 2,174,701 1,142,926 7-25 years Buildings and structures 3,721,729 3,023,569 10-39 years Animal shelters and habitats 2,029,639 1,412,802 10-39 years Park animals 1,174,284 559,425 5-10 years Equipment - concession and related 307,771 184,441 3-15 years Equipment and vehicles - yard and field 541,124 451,459 3-15 years Vehicles - buses and rental 256,461 219,910 3-5 years Rides and entertainment 208,148 204,778 5-7 years Furniture and fixtures 10,427 10,427 5-10 years Projects in process 33,568 100,616 Property and equipment, cost 17,410,032 9,817,533 Less accumulated depreciation (3,582,361) (3,197,128) Property and equipment, net $ 13,827,671 $ 6,620,405 Depreciation expense for the three months ended June 28, 2020 and June 30, 2019 totaled $150,633 and $114,999, respectively, and depreciation expense for the nine months ended June 28, 2020 and June 30, 2019 totaled $385,233 and $344,997, respectively. Intangible assets: Impairment of Long-Lived Assets: Other Current Liabilities: June 28, 2020 September 29, 2019 Deferred revenue $ 278,755 $ 100,704 Accrued income taxes 174,489 - Accrued sales taxes 123,238 31,674 Accrued advertising 94,149 76,251 Accrued wages and payroll taxes 79,709 111,150 Accrued property taxes 53,369 59,723 Other accrued liabilities 51,455 4,658 Other current liabilities $ 855,164 $ 384,160 Financial Instruments: Revenue Recognition: Revenues from Contracts with Customers The Company’s major source of income is from park admissions, retail and concessions sales at its parks. Revenues from park admission fees are generally recognized upon receipt of payment at the time of the customers’ visit to the parks. Park admission fee revenues from advance online ticket purchases are deferred until the customers’ visit to the parks. Revenue from retail and concessions sales is generally recognized upon the concurrent receipt of payment and delivery of goods or services to the customer. 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. Sales taxes billed and collected are not included in revenue. Deferred revenues from advance online admission tickets were $278,755 and $100,704 as of June 28, 2020 and September 29, 2019, respectively. Advertising and Market Development: Stock Based Compensation: Income Taxes: Basic and Diluted Net Income (Loss) Per Share: Basic and diluted net income (loss) per share is computed by dividing net income (loss) available to common stockholders by the applicable weighted average number of common shares outstanding in each period. Dividend Policy: Recent Accounting Pronouncements: Income Taxes (Topic 740) Simplifying the Accounting for Income Taxes (“Update 2019-12”) 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.

NOTE 3. ACQUISITION

NOTE 3. ACQUISITION	9 Months Ended
	Jun. 28, 2020
Notes
NOTE 3. ACQUISITION	NOTE 3. ACQUISITION On April 27, 2020, the Company, through a newly formed subsidiary, Aggieland-Parks, Inc., a Texas corporation, acquired substantially all the assets of Aggieland Safari LLC, Ferrill Creek Ranch LLC, and Vernell Investments LLC (combined the “Aggieland Assets”), primarily consisting of the Aggieland Safari Adventure Zoo and Safari Park (“Aggieland Safari”), including animal inventory, real estate, mineral rights, and certain equipment and other assets necessary to operate Aggieland Wild Animal – Texas. Aggieland Wild Animal – Texas is situated on 250 acres of a 450-acre property, located approximately 25 miles northeast of Bryan/College Station, Texas and 120 miles northwest of downtown Houston. The total purchase price for the Aggieland Assets was $7,102,000, after determination of the fair value of the seller note. The transaction was financed with a $5,000,000 loan (the “2020 Term Loan”) from First Financial Bank, N.A. (“First Financial”), a seller note with a face value of $750,000 (the “Aggieland Seller Note”), and cash totaling $1,375,000. The 2020 Term Loan is secured by substantially all of the Aggieland Assets, as well as guarantees from the Company and its subsidiaries. The 2020 Term Loan bears interest at a rate of 5.0% per annum, has a maturity date of April 27, 2031, with interest only payable monthly through April 2021. The Aggieland Seller Note represents a deferred portion of the purchase price, bears no interest, has a maturity date of June 30, 2021 and is secured by a second priority subordinated lien and security interest in the acquired mineral rights and the animal inventory. The Company applied a 2.5% discount rate to determine a fair value of $728,500 for the Aggieland Seller Note as of April 27, 2020. The following table sets forth the purchase consideration paid to the members of Aggieland Safari and the amount of assets acquired and liabilities assumed as of the acquisition date: Sources of consideration paid to Aggieland Safari Members: Cash advances $ 125,000 Cash at closing 1,250,000 2020 Term Loan 5,000,000 Aggieland Seller Note 728,500 Less cash received (1,500) Total consideration $ 7,102,000 Preliminary purchase price allocation: Inventories $ 10,000 Property and equipment 7,131,000 Deferred revenue (39,000) Total net assets acquired $ 7,102,000 The purchase price has been preliminarily allocated based on an estimate of the fair value of assets acquired and liabilities assumed as of the acquisition date. The determination of estimated fair value requires management to make significant estimates and assumptions. The final valuation of assets acquired and liabilities assumed is expected to be completed as soon as possible but no later than one year from the acquisition date. The Company will adjust its estimates as needed upon the final valuation. The following table presents supplemental pro forma information for the nine month period ended June 28, 2020 as if the acquisition had occurred at the beginning of the Company’s 2019 fiscal year. The unaudited pro forma information includes adjustments for depreciation expense on property and equipment acquired, interest expense on debt incurred related to the acquisition, and the related income tax effects, as well as the elimination of property and equipment impairment charges recorded by Aggieland Safari prior to the acquisition. The pro forma financial information is not necessarily indicative of the results of operations that would have occurred had the transaction been effected at the beginning of the Company’s 2019 fiscal year. For the nine months ended June 28, 2020 Total net sales $ 5,617,050 Net income $ 803,860 Income per share - basic and diluted $ 0.01

NOTE 4. LONG-TERM DEBT

NOTE 4. LONG-TERM DEBT	9 Months Ended
	Jun. 28, 2020
Notes
NOTE 4. LONG-TERM DEBT	NOTE 4. LONG-TERM DEBT On April 27, 2020, the Company acquired Aggieland Wild Animal – Texas., see “NOTE 3. ACQUISITION”, financing the transaction with the 2020 Term Loan from First Financial and the Aggieland Seller Note. The 2020 Term Loan in the original principal amount of $5,000,000 from First Financial, is secured by substantially all of the Aggieland Wild Animal – Texas assets, as well as guarantees from the Company and its subsidiaries. The 2020 Term Loan bears interest at a rate of 5.0% per annum, has a maturity date of April 27, 2031, with interest only payable monthly through April 2021. The Company paid a total of approximately $62,375 in fees and expenses in connection with the 2020 Term Loan. The Aggieland Seller Note represent a deferred portion of the purchase price, has a face value of $750,000, bears no interest, has a maturity date of June 30, 2021, and is secured by a second priority subordinated lien and security interest in the acquired mineral rights and the animal inventory. The Company applied a 2.5% discount rate to determine a fair value of $728,500 for the Aggieland Seller Note as of April 27, 2020 and the resulting $21,500 discount will be amortized as interest expense over the 14 month period until the note matures. Including the remaining unamortized discount, the recorded value of the Aggieland Seller Note as of June 28, 2020 was $731,497. As a result of the significant negative economic impacts and uncertainties caused by the COVID-19 pandemic, Wild Animal – Georgia and Wild Animal – Missouri each applied for Paycheck Protection Program (“PPP”) loans. On April 14, 2020 and April 16, 2020, the Company received two unsecured PPP loans totaling $188,087. Including accrued interest, the principal outstanding on the Company’s PPP loans was $188,479 as of June 28, 2020. The PPP was established under the Coronavirus Aid, Relief, and Economic Security (CARES) Act, which was signed into law on March 27, 2020, and is administered by the U.S. Small Business Administration (the “SBA”). The term of the PPP loans is two years, with an interest rate of 1.0% per annum. All payments are deferred for the first six month term of the PPP loans, with accrued interest being added to the principal during the payment deferral period. After the initial six-month deferral period, monthly principal and interest payments will be due until maturity for any portion of the PPP loans not forgiven. Under the terms of the CARES Act, some or all of the PPP loan proceeds are eligible to be forgiven. The amount of the loans eligible to be forgiven are based on the use of the proceeds for payroll costs, mortgage interest, rent or utility costs, and the maintenance of employee and compensation levels, subject to limitations and ongoing rulemaking by the SBA. While not assured, the Company anticipates a substantial portion of its PPP loan proceeds will be used for costs that are eligible for forgiveness, based on the current SBA guidelines. On July 11, 2018, the Company, through its wholly owned subsidiary Wild Animal – Georgia, completed a refinancing transaction (the “2018 Refinancing”) with Synovus Bank (“Synovus”). The 2018 Refinancing included a term loan in the original principal amount of $1,600,000 (the “2018 Term Loan”). The 2018 Term Loan bears interest at a rate of 5.0% per annum and is payable in monthly payments of approximately $22,672, based on a seven year amortization period. The 2018 Term Loan has a maturity date of June 11, 2021, with an option to renew at 5.0% per annum for an additional 49 month term. The 2018 Term Loan is secured by a security deed on the assets of Wild Animal – Georgia. The Company paid a total of approximately $15,680 in fees and expenses in connection with the 2018 Refinancing. Interest expense of $64,165 and $18,811 for the three months ended June 28, 2020 and June 30, 2019, respectively, includes $1,505 and $560 of amortization of debt financing costs, respectively. Interest expense of $99,077 and $57,632 for the nine months ended June 28, 2020 and June 30, 2019, respectively, includes $2,625 and $1,680 of amortization of debt financing costs, respectively. In addition, interest expense for the three months and nine months ended June 28, 2020 includes $2,997 of loan discount amortization expense in each period. The following table represents the aggregate of the Company’s outstanding long-term debt: As of June 28, 2020 September 29, 2019 Loan principal outstanding $ 7,155,281 $ 1,371,248 Less: unamortized debt financing costs (72,630) (12,880) Less: unamortized discount on note payable (18,503) - Gross long-term debt 7,064,148 1,358,368 Less current portion of long-term debt, net of unamortized costs and discount (354,425) (204,355) Long-term debt $ 6,709,723 $ 1,154,013 As of June 28, 2020, the scheduled future principal maturities of the Company’s long-term debt by fiscal year are as follows: 2020 $ 52,694 2021 1,242,904 2022 702,502 2023 661,959 2024 696,447 thereafter 3,798,775 Total $ 7,155,281

NOTE 5. LINES OF CREDIT

NOTE 5. LINES OF CREDIT	9 Months Ended
	Jun. 28, 2020
Notes
NOTE 5. LINES OF CREDIT	NOTE 5. LINE OF CREDIT On July 11, 2018, the Company, through its wholly owned subsidiary Wild Animal – Georgia, completed the 2018 Refinancing with Synovus. The 2018 Refinancing includes a line of credit of up to $350,000 (the “2018 LOC”). The 2018 LOC bears interest at a rate of 4.75% and interest only payments are due monthly. The 2018 LOC is secured by a security deed on the assets of Wild Animal – Georgia. The 2018 LOC matures on July 11, 2021, with an option to renew for an additional three-year term. If necessary, the Company intends to utilize the 2018 LOC to fund seasonal working capital needs. As of June 28, 2020 and September 29, 2019, respectively, there was no outstanding balance against the Company’s LOC. When applicable, any advance on a Company LOC is recorded as a current liability.

NOTE 6. STOCKHOLDERS' EQUITY

NOTE 6. STOCKHOLDERS' EQUITY	9 Months Ended
	Jun. 28, 2020
Notes
NOTE 6. STOCKHOLDERS' EQUITY	NOTE 6. STOCKHOLDERS’ EQUITY Shares of common stock issued for service to the Company are valued based on market price on the date of issuance. On December 5, 2019, the Company declared its annual compensation award to four Directors for their service on the Board of Directors. Each Director was awarded $8,500, to be paid all in shares, all in cash or a combination thereof, at each Director’s election. All four Directors elected to receive shares of the Company’s common stock, totaling 50,000 each, based on the closing stock price of $0.17 per share on December 5, 2019. The total award cost of $34,000 was reported as an expense in the first quarter of the 2020 fiscal year, and the Company distributed each award on January 8, 2020. On January 14, 2019, the Company declared its annual award to five Directors for their service on the Board of Directors. Each Director was awarded 25,000 shares at $0.185 per share or the cash equivalent of $4,625. Four Directors elected to receive shares of the Company’s common stock, while the estate of one Director elected to receive its award in cash. The total award cost of $23,125 was reported as an expense in the second quarter of the 2019 fiscal year, and the Company distributed each award on January 16, 2019. Officers, Directors and their controlled entities own approximately 52.0% of the outstanding common stock of the Company as of June 28, 2020.

Note 7. - Significant Transacti

Note 7. - Significant Transactions With Related Parties	9 Months Ended
	Jun. 28, 2020
Notes
Note 7. - Significant Transactions With Related Parties	NOTE 7. SIGNIFICANT TRANSACTIONS WITH RELATED PARTIES Employment Agreements: Effective June 1, 2020, the Company and Dale Van Voorhis, the Company’s Chairman and Chief Executive Officer, entered into the “2020 Van Voorhis Employment Agreement”. Pursuant to the 2020 Van Voorhis Employment Agreement, Mr. Van Voorhis receives an initial base annual compensation in the amount of $100,000 per year, subject to annual review by the Board of Directors. The 2020 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. Effective January 1, 2019, the Company and Todd R. White, the Company’s Chief Financial Officer, entered into the “2019 White Employment Agreement”. The 2019 White Employment Agreement has a term of three years, with minimum annual compensation of $70,000 in year one, $75,000 in year two and $80,000 in year three, and entitles Mr. White to participate in any deferred compensation plan the Company may adopt during the term of his employment with the Company. Effective May 1, 2018, the Company entered into an employment agreement with Michael D. Newman (the “Newman Employment Agreement”) to serve as the Company’s Vice President of Safari Operations. Mr. Newman had been the general manager of Wild Animal – Georgia since February 2011. Pursuant to the Newman Employment Agreement, Mr. Newman received an initial base annual compensation of $95,000 per year, subject to annual review by the Board of Directors. Mr. Newman also received a $5,000 signing bonus. Effective May 1, 2020, Mr. Newman’s annual compensation was set at $108,000. The Newman Employment Agreement has a term of five years and entitles Mr. Newman 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 ($291,700 in aggregate) or (ii) in the event of a change in control of the Company ($506,700 in aggregate), as well as disability and death payment provisions ($141,500 in aggregate). Effective July 1, 2017, the Company and James Meikle, then the Company’s President and Chief Operating Officer, entered into the “2017 Meikle Employment Agreement”. The 2017 Meikle Employment Agreement had a term of two years, with an initial base annual compensation in the amount of $135,000 per year. On November 28, 2018, Mr. Meikle passed away. Pursuant to the death benefit terms of the 2017 Meikle Employment Agreement, during the three month period ended December 30, 2019, the Company recorded a provision of approximately $88,000, which was distributed to his estate on January 15, 2020.

Note 8 - Income Taxes

Note 8 - Income Taxes	9 Months Ended
	Jun. 28, 2020
Notes
Note 8 - Income Taxes	NOTE 8. INCOME TAXES For the nine month period ended June 28, 2020, the Company reported pre-tax income of $1,331,772. For the fiscal year ending September 27, 2020, the Company expects to generate pre-tax income and to record a tax provision at a blended effective federal and state income tax rate of approximately 26.0%. The Company recorded a net income tax provision of $344,900 for the nine month period ended June 28, 2020, comprised of a federal expense of $263,200 and a State of Georgia expense of $81,700. The Company’s net income tax provision for the nine month period ended June 30, 2019 was a tax expense of $221,500, comprised of a federal expense of $151,400 and a State of Georgia expense of $70,100.

NOTE 9. COMMITMENTS AND CONTING

NOTE 9. COMMITMENTS AND CONTINGENCIES	9 Months Ended
	Jun. 28, 2020
Notes
NOTE 9. COMMITMENTS AND CONTINGENCIES	NOTE 9. COMMITMENTS AND CONTINGENCIES On May 21, 2019, the Company’s Missouri Park was struck by a tornado and sustained property damage, primarily to the “walk about”, the more traditional zoo-like section of the park, as well as to several auxiliary buildings. The park was closed at the time of this event and no employees were injured. While a few animals sustained non-life threatening injuries, no animals were killed or escaped. As a result of the tornado damage, through September 29, 2019, the Company had written-off $56,339 related to the net book value of property destroyed and damaged, and incurred $24,105 of cleanup and repair expenses. Through September 29, 2019, the Company had capitalized $66,376 of expenditures related to improvements associated with the tornado damage. The Company capitalized an additional $82,585 of improvements associated with the tornado damage during the nine months ended June 28, 2020. On April 15, 2020, the Company received $24,373 of insurance proceeds, partially offsetting the costs and expenses incurred in the recovery from the tornado damage. On August 14, 2019, Marlton Wayne LP (“Marlton”) filed a complaint in the Eighth Judicial District Court, Clark County, Nevada (A-19-800214-8), (the "Complaint"), seeking ten categories of documents from the Company. This Complaint followed a letter from Marlton sent on July 22, 2019, demanding an inspection of certain books and records of the Company. On March 13, 2020, the Company and Marlton entered into an agreement to dismiss the case without prejudice, with each party reserving their respective rights as related to attorney fees. 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.

NOTE 10. BUSINESS SEGMENTS

NOTE 10. BUSINESS SEGMENTS	9 Months Ended
	Jun. 28, 2020
Notes
NOTE 10. 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 nine months ended June 28, 2020 June 30, 2019 June 28, 2020 June 30, 2019 Total net sales: Georgia $ 2,376,593 $ 1,795,262 $ 3,906,651 $ 3,614,584 Missouri 464,540 341,199 672,924 542,598 Texas 379,075 - 379,075 - Consolidated $ 3,220,208 $ 2,136,461 $ 4,958,650 $ 4,157,182 Income (loss) before income taxes: Georgia $ 1,666,295 $ 1,094,596 $ 2,077,917 $ 1,784,071 Missouri 123,448 (65,389) (190,241) (377,141) Texas 126,432 - 126,432 - Segment total 1,916,175 1,029,207 2,014,108 1,406,930 Corporate (167,328) (178,744) (602,056) (580,154) Other income, net 3,293 5,843 18,797 21,361 Interest expense (64,165) (18,811) (99,077) (57,632) Consolidated $ 1,687,975 $ 837,495 $ 1,331,772 $ 790,505 As of June 28, 2020 September 29, 2019 Total assets: Georgia $ 7,266,668 $ 7,910,710 Missouri 2,819,823 2,690,572 Texas 7,597,895 - Corporate 253,608 162,054 Consolidated $ 17,937,994 $ 10,763,336

NOTE 10. SUBSEQUENT EVENTS

NOTE 10. SUBSEQUENT EVENTS	9 Months Ended
	Jun. 28, 2020
Notes
NOTE 10. SUBSEQUENT EVENTS	NOTE 10. SUBSEQUENT EVENTS The Company has analyzed its operations subsequent to June 28, 2020 to the date these financial statements were issued and has determined that no material subsequent events have occurred from the date of these unaudited consolidated financial statements through the date of filing.

Note 2 - Significant Accounti_2

Note 2 - Significant Accounting Policies: Basis of Presentation (Policies)	9 Months Ended
	Jun. 28, 2020
Policies
Basis of Presentation	Basis of Presentation: These unaudited consolidated financial statements should be read in conjunction with the audited consolidated financial statements and notes thereto included in the Company’s Annual Report on Form 10-K for the fiscal year ended September 29, 2019.

Note 2 - Significant Accounti_3

Note 2 - Significant Accounting Policies: Principles of Consolidation (Policies)	9 Months Ended
	Jun. 28, 2020
Policies
Principles of Consolidation	Principles of Consolidation:

Note 2 - Significant Accounti_4

Note 2 - Significant Accounting Policies: Accounting Method (Policies)	9 Months Ended
	Jun. 28, 2020
Policies
Accounting Method	Accounting Method:

Note 2 - Significant Accounti_5

Note 2 - Significant Accounting Policies: Estimates and Assumptions (Policies)	9 Months Ended
	Jun. 28, 2020
Policies
Estimates and Assumptions	Estimates and Assumptions:

Note 2 - Significant Accounti_6

Note 2 - Significant Accounting Policies: Fiscal Year End (Policies)	9 Months Ended
	Jun. 28, 2020
Policies
Fiscal Year End	Fiscal Year End:

Note 2 - Significant Accounti_7

Note 2 - Significant Accounting Policies: Financial and Concentrations Risk (Policies)	9 Months Ended
	Jun. 28, 2020
Policies
Financial and Concentrations Risk	Financial and Concentrations Risk:

Note 2 - Significant Accounti_8

Note 2 - Significant Accounting Policies: Trade Accounts Receivable (Policies)	9 Months Ended
	Jun. 28, 2020
Policies
Trade Accounts Receivable	Trade Accounts Receivable:

Note 2 - Significant Accounti_9

Note 2 - Significant Accounting Policies: Inventory (Policies)	9 Months Ended
	Jun. 28, 2020
Policies
Inventory	Inventory:

Note 2 - Significant Account_10

Note 2 - Significant Accounting Policies: Property and Equipment (Policies)	9 Months Ended
	Jun. 28, 2020
Policies
Property and Equipment	Property and Equipment: June 28, 2020 September 29, 2019 Depreciable Lives Land $ 6,486,180 $ 2,507,180 not applicable Mineral rights 466,000 - 25 years Ground improvements 2,174,701 1,142,926 7-25 years Buildings and structures 3,721,729 3,023,569 10-39 years Animal shelters and habitats 2,029,639 1,412,802 10-39 years Park animals 1,174,284 559,425 5-10 years Equipment - concession and related 307,771 184,441 3-15 years Equipment and vehicles - yard and field 541,124 451,459 3-15 years Vehicles - buses and rental 256,461 219,910 3-5 years Rides and entertainment 208,148 204,778 5-7 years Furniture and fixtures 10,427 10,427 5-10 years Projects in process 33,568 100,616 Property and equipment, cost 17,410,032 9,817,533 Less accumulated depreciation (3,582,361) (3,197,128) Property and equipment, net $ 13,827,671 $ 6,620,405 Depreciation expense for the three months ended June 28, 2020 and June 30, 2019 totaled $150,633 and $114,999, respectively, and depreciation expense for the nine months ended June 28, 2020 and June 30, 2019 totaled $385,233 and $344,997, respectively.

Note 2 - Significant Account_11

Note 2 - Significant Accounting Policies: Intangible assets (Policies)	9 Months Ended
	Jun. 28, 2020
Policies
Intangible assets	Intangible assets:

Note 2 - Significant Account_12

Note 2 - Significant Accounting Policies: Impairment of Long-Lived Assets (Policies)	9 Months Ended
	Jun. 28, 2020
Policies
Impairment of Long-Lived Assets	Impairment of Long-Lived Assets:

Note 2 - Significant Account_13

Note 2 - Significant Accounting Policies: Other Current Liabilities (Policies)	9 Months Ended
	Jun. 28, 2020
Policies
Other Current Liabilities	Other Current Liabilities: June 28, 2020 September 29, 2019 Deferred revenue $ 278,755 $ 100,704 Accrued income taxes 174,489 - Accrued sales taxes 123,238 31,674 Accrued advertising 94,149 76,251 Accrued wages and payroll taxes 79,709 111,150 Accrued property taxes 53,369 59,723 Other accrued liabilities 51,455 4,658 Other current liabilities $ 855,164 $ 384,160

Note 2 - Significant Account_14

Note 2 - Significant Accounting Policies: Financial Instruments (Policies)	9 Months Ended
	Jun. 28, 2020
Policies
Financial Instruments	Financial Instruments:

Note 2 - Significant Account_15

Note 2 - Significant Accounting Policies: Revenue Recognition (Policies)	9 Months Ended
	Jun. 28, 2020
Policies
Revenue Recognition	Revenue Recognition: Revenues from Contracts with Customers The Company’s major source of income is from park admissions, retail and concessions sales at its parks. Revenues from park admission fees are generally recognized upon receipt of payment at the time of the customers’ visit to the parks. Park admission fee revenues from advance online ticket purchases are deferred until the customers’ visit to the parks. Revenue from retail and concessions sales is generally recognized upon the concurrent receipt of payment and delivery of goods or services to the customer. 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. Sales taxes billed and collected are not included in revenue. Deferred revenues from advance online admission tickets were $278,755 and $100,704 as of June 28, 2020 and September 29, 2019, respectively.

Note 2 - Significant Account_16

Note 2 - Significant Accounting Policies: Advertising and Market Development (Policies)	9 Months Ended
	Jun. 28, 2020
Policies
Advertising and Market Development	Advertising and Market Development:

Note 2 - Significant Account_17

Note 2 - Significant Accounting Policies: Stock Based Compensation (Policies)	9 Months Ended
	Jun. 28, 2020
Policies
Stock Based Compensation	Stock Based Compensation:

Note 2 - Significant Account_18

Note 2 - Significant Accounting Policies: Income Taxes (Policies)	9 Months Ended
	Jun. 28, 2020
Policies
Income Taxes	Income Taxes:

Note 2 - Significant Account_19

Note 2 - Significant Accounting Policies: Basic and Diluted Net Income (Loss) Per Share (Policies)	9 Months Ended
	Jun. 28, 2020
Policies
Basic and Diluted Net Income (Loss) Per Share	Basic and Diluted Net Income (Loss) Per Share: Basic and diluted net income (loss) per share is computed by dividing net income (loss) available to common stockholders by the applicable weighted average number of common shares outstanding in each period.

Note 2 - Significant Account_20

Note 2 - Significant Accounting Policies: Dividend Policy (Policies)	9 Months Ended
	Jun. 28, 2020
Policies
Dividend Policy	Dividend Policy:

Note 2 - Significant Account_21

Note 2 - Significant Accounting Policies: Recent Accounting Pronouncements (Policies)	9 Months Ended
	Jun. 28, 2020
Policies
Recent Accounting Pronouncements	Recent Accounting Pronouncements: Income Taxes (Topic 740) Simplifying the Accounting for Income Taxes (“Update 2019-12”) 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.

Note 2 - Significant Account_22

Note 2 - Significant Accounting Policies: Property and Equipment: Property, Plant and Equipment (Tables)	9 Months Ended
	Jun. 28, 2020
Tables/Schedules
Property, Plant and Equipment	June 28, 2020 September 29, 2019 Depreciable Lives Land $ 6,486,180 $ 2,507,180 not applicable Mineral rights 466,000 - 25 years Ground improvements 2,174,701 1,142,926 7-25 years Buildings and structures 3,721,729 3,023,569 10-39 years Animal shelters and habitats 2,029,639 1,412,802 10-39 years Park animals 1,174,284 559,425 5-10 years Equipment - concession and related 307,771 184,441 3-15 years Equipment and vehicles - yard and field 541,124 451,459 3-15 years Vehicles - buses and rental 256,461 219,910 3-5 years Rides and entertainment 208,148 204,778 5-7 years Furniture and fixtures 10,427 10,427 5-10 years Projects in process 33,568 100,616 Property and equipment, cost 17,410,032 9,817,533 Less accumulated depreciation (3,582,361) (3,197,128) Property and equipment, net $ 13,827,671 $ 6,620,405

Note 2 - Significant Account_23

Note 2 - Significant Accounting Policies: Other Current Liabilities: Other Current Liabilities (Tables)	9 Months Ended
	Jun. 28, 2020
Tables/Schedules
Other Current Liabilities	June 28, 2020 September 29, 2019 Deferred revenue $ 278,755 $ 100,704 Accrued income taxes 174,489 - Accrued sales taxes 123,238 31,674 Accrued advertising 94,149 76,251 Accrued wages and payroll taxes 79,709 111,150 Accrued property taxes 53,369 59,723 Other accrued liabilities 51,455 4,658 Other current liabilities $ 855,164 $ 384,160

NOTE 3. ACQUISITION_ Schedule o

NOTE 3. ACQUISITION: Schedule of Purchase consideration (Tables)	9 Months Ended
	Jun. 28, 2020
Tables/Schedules
Schedule of Purchase consideration	Sources of consideration paid to Aggieland Safari Members: Cash advances $ 125,000 Cash at closing 1,250,000 2020 Term Loan 5,000,000 Aggieland Seller Note 728,500 Less cash received (1,500) Total consideration $ 7,102,000 Preliminary purchase price allocation: Inventories $ 10,000 Property and equipment 7,131,000 Deferred revenue (39,000) Total net assets acquired $ 7,102,000

NOTE 3. ACQUISITION_ Schedule_2

NOTE 3. ACQUISITION: Schedule of Supplemental pro forma information (Tables)	9 Months Ended
	Jun. 28, 2020
Tables/Schedules
Schedule of Supplemental pro forma information	For the nine months ended June 28, 2020 Total net sales $ 5,617,050 Net income $ 803,860 Income per share - basic and diluted $ 0.01

NOTE 4. LONG-TERM DEBT_ Schedul

NOTE 4. LONG-TERM DEBT: Schedule of Debt (Tables)	9 Months Ended
	Jun. 28, 2020
Tables/Schedules
Schedule of Debt	As of June 28, 2020 September 29, 2019 Loan principal outstanding $ 7,155,281 $ 1,371,248 Less: unamortized debt financing costs (72,630) (12,880) Less: unamortized discount on note payable (18,503) - Gross long-term debt 7,064,148 1,358,368 Less current portion of long-term debt, net of unamortized costs and discount (354,425) (204,355) Long-term debt $ 6,709,723 $ 1,154,013

NOTE 4. LONG-TERM DEBT_ Sched_2

NOTE 4. LONG-TERM DEBT: Schedule of Maturities of Long-term Debt (Tables)	9 Months Ended
	Jun. 28, 2020
Tables/Schedules
Schedule of Maturities of Long-term Debt	2020 $ 52,694 2021 1,242,904 2022 702,502 2023 661,959 2024 696,447 thereafter 3,798,775 Total $ 7,155,281

NOTE 10. BUSINESS SEGMENTS_ Sch

NOTE 10. BUSINESS SEGMENTS: Schedule of Revenue by Reporting Segments (Tables)	9 Months Ended
	Jun. 28, 2020
Tables/Schedules
Schedule of Revenue by Reporting Segments	For the three months ended For the nine months ended June 28, 2020 June 30, 2019 June 28, 2020 June 30, 2019 Total net sales: Georgia $ 2,376,593 $ 1,795,262 $ 3,906,651 $ 3,614,584 Missouri 464,540 341,199 672,924 542,598 Texas 379,075 - 379,075 - Consolidated $ 3,220,208 $ 2,136,461 $ 4,958,650 $ 4,157,182 Income (loss) before income taxes: Georgia $ 1,666,295 $ 1,094,596 $ 2,077,917 $ 1,784,071 Missouri 123,448 (65,389) (190,241) (377,141) Texas 126,432 - 126,432 - Segment total 1,916,175 1,029,207 2,014,108 1,406,930 Corporate (167,328) (178,744) (602,056) (580,154) Other income, net 3,293 5,843 18,797 21,361 Interest expense (64,165) (18,811) (99,077) (57,632) Consolidated $ 1,687,975 $ 837,495 $ 1,331,772 $ 790,505 As of June 28, 2020 September 29, 2019 Total assets: Georgia $ 7,266,668 $ 7,910,710 Missouri 2,819,823 2,690,572 Texas 7,597,895 - Corporate 253,608 162,054 Consolidated $ 17,937,994 $ 10,763,336

Note 1 - Organization (Details)

Note 1 - Organization (Details)	9 Months Ended
	Jun. 28, 2020
Details
Entity Incorporation, Date of Incorporation	Jul. 30, 1954
Entity Information, Former Legal or Registered Name	Painted Desert Uranium & Oil Co., Inc.
Entity Incorporation, State or Country Code	NV

Note 2 - Significant Account_24

Note 2 - Significant Accounting Policies: Property and Equipment: Property, Plant and Equipment (Details) - USD ($)	9 Months Ended
	Jun. 28, 2020	Sep. 29, 2019
Land
Property, Plant and Equipment, Gross	$ 6,486,180	$ 2,507,180
Mineral rights
Property, Plant and Equipment, Gross	$ 466,000	0
Depreciable Lives	25 years
Ground Improvements
Property, Plant and Equipment, Gross	$ 2,174,701	1,142,926
Depreciable Lives	25 years
Buildings and structures
Property, Plant and Equipment, Gross	$ 3,721,729	3,023,569
Depreciable Lives	39 years
Animal shelters and habitats
Property, Plant and Equipment, Gross	$ 2,029,639	1,412,802
Depreciable Lives	39 years
Park animals
Property, Plant and Equipment, Gross	$ 1,174,284	559,425
Depreciable Lives	10 years
Equipment - concession and related
Property, Plant and Equipment, Gross	$ 307,771	184,441
Depreciable Lives	15 years
Equipment and vehicles - yard and field
Property, Plant and Equipment, Gross	$ 541,124	451,459
Depreciable Lives	15 years
Vehicles - buses and rental
Property, Plant and Equipment, Gross	$ 256,461	219,910
Depreciable Lives	5 years
Rides and entertainment
Property, Plant and Equipment, Gross	$ 208,148	204,778
Depreciable Lives	7 years
Furniture and Fixtures
Property, Plant and Equipment, Gross	$ 10,427	10,427
Depreciable Lives	10 years
Projects in process
Property, Plant and Equipment, Gross	$ 33,568	100,616
Property, Plant and Equipment, Gross	17,410,032	9,817,533
Less accumulated depreciation	(3,582,361)	(3,197,128)
Property and equipment, net	$ 13,827,671	$ 6,620,405

Note 2 - Significant Account_25

Note 2 - Significant Accounting Policies: Other Current Liabilities: Other Current Liabilities (Details) - USD ($)	Jun. 28, 2020	Sep. 29, 2019
Details
Deferred revenue	$ 278,755	$ 100,704
Accrued income taxes	174,489	0
Accrued sales taxes	123,238	31,674
Accrued advertising	94,149	76,251
Accrued wages and payroll taxes	79,709	111,150
Accrued property taxes	53,369	59,723
Other accrued liabilities	51,455	4,658
Other current liabilities	$ 855,164	$ 384,160

NOTE 3. ACQUISITION_ Schedule_3

NOTE 3. ACQUISITION: Schedule of Purchase consideration (Details)	9 Months Ended
	Jun. 28, 2020USD ($)
Details
Sources of consideration paid - Cash advances	$ 125,000
Sources of consideration paid - Cash at closing	1,250,000
Sources of consideration paid - 2020 Term Loan	5,000,000
Sources of consideration paid - Aggieland Seller Note	728,500
Sources of consideration paid - Less cash received	(1,500)
Sources of consideration paid - Total consideration	7,102,000
Preliminary purchase price allocation - Inventories	10,000
Preliminary purchase price allocation - Property and equipment	7,131,000
Preliminary purchase price allocation - Deferred revenue	(39,000)
Preliminary purchase price allocation - Total net assets acquired	$ 7,102,000

NOTE 3. ACQUISITION_ Schedule_4

NOTE 3. ACQUISITION: Schedule of Supplemental pro forma information (Details)	9 Months Ended
	Jun. 28, 2020USD ($)$ / shares
Details
Pro Forma Information - Total net sales	$ 5,617,050
Pro Forma Information - Net income	$ 803,860
Pro Forma Information - Income per share - basic and diluted | $ / shares	$ 0.01

NOTE 4. LONG-TERM DEBT (Details

NOTE 4. LONG-TERM DEBT (Details) - USD ($)	3 Months Ended		9 Months Ended
	Jun. 28, 2020	Jun. 30, 2019	Jun. 28, 2020	Jun. 30, 2019
Interest Paid, Excluding Capitalized Interest, Operating Activities	$ 64,165	$ 18,811	$ 99,077	$ 57,632
Interest expense - debt financing cost amortization	1,505	$ 560	2,625	1,680
Interest expense - loan discount amortization	2,997		$ 2,997	$ 0
2018 Term Loan
Debt Instrument, Issuance Date			Jul. 11, 2018
Debt Instrument, Face Amount	$ 1,600,000		$ 1,600,000
Debt Instrument, Description			2018 Term Loan
Debt Instrument, Interest Rate, Stated Percentage	5.00%		5.00%
Debt Instrument, Maturity Date			Jun. 11, 2021
Debt Instrument, Collateral			secured by a security deed on the assets of Wild Animal – Georgia
Debt Instrument, Fee Amount	$ 15,680		$ 15,680

NOTE 4. LONG-TERM DEBT_ Sched_3

NOTE 4. LONG-TERM DEBT: Schedule of Debt (Details) - USD ($)	Jun. 28, 2020	Sep. 29, 2019
Details
Term Loan principal outstanding	$ 7,155,281	$ 1,371,248
Less: unamortized debt closing costs	(72,630)	(12,880)
Less: unamortized discount on note payable	(18,503)	0
Gross long-term debt	7,064,148	1,358,368
Less current portion of long-term debt, net of unamortized debt closing costs	(354,425)	(204,355)
Long-term debt	$ 6,709,723	$ 1,154,013

NOTE 4. LONG-TERM DEBT_ Sched_4

NOTE 4. LONG-TERM DEBT: Schedule of Maturities of Long-term Debt (Details)	Jun. 28, 2020USD ($)
Details
Long-Term Debt, Maturity, Year One	$ 52,694
Long-Term Debt, Maturity, Year Two	1,242,904
Long-Term Debt, Maturity, Year Three	702,502
Long-Term Debt, Maturity, Year Four	661,959
Long-Term Debt, Maturity, Year Five	696,447
Long-Term Debt, Maturity, after Year Five	3,798,775
Long-term Debt	$ 7,155,281

NOTE 5. LINES OF CREDIT (Detail

NOTE 5. LINES OF CREDIT (Details) - 2018 Refinancing with Synovus	9 Months Ended
	Jun. 28, 2020USD ($)
Debt Instrument, Issuance Date	Jul. 11, 2018
Line of Credit Facility, Description	2018 Refinancing with Synovus
Line of Credit Facility, Maximum Borrowing Capacity	$ 350,000
Line of Credit Facility, Interest Rate Description	interest at a rate of 4.75% and interest only payments are due monthly
Debt Instrument, Interest Rate, Stated Percentage	4.75%
Debt Instrument, Maturity Date	Jul. 11, 2021

Note 8 - Income Taxes (Details)

Note 8 - Income Taxes (Details) - USD ($)	3 Months Ended		9 Months Ended
	Jun. 28, 2020	Jun. 30, 2019	Jun. 28, 2020	Jun. 30, 2019
Details
Income before income taxes	$ 1,687,975	$ 837,495	$ 1,331,772	$ 790,505
Net Income Tax (Benefit)			344,900	221,500
Federal Income Tax Expense (Benefit)			263,200	151,400
State of Georgia Income Tax (Benefit) Expense			$ 81,700	$ 70,100

NOTE 10. BUSINESS SEGMENTS_ S_2

NOTE 10. BUSINESS SEGMENTS: Schedule of Revenue by Reporting Segments (Details) - USD ($)	3 Months Ended		9 Months Ended
	Jun. 28, 2020	Jun. 30, 2019	Jun. 28, 2020	Jun. 30, 2019
Georgia
Total net sales:	$ 2,376,593	$ 1,795,262	$ 3,906,651	$ 3,614,584
Income (loss) before income taxes:	1,666,295	1,094,596	2,077,917	1,784,071
Total assets:	7,266,668	7,910,710
Missouri
Total net sales:	464,540	341,199	672,924	542,598
Income (loss) before income taxes:	123,448	(65,389)	(190,241)	(377,141)
Total assets:	2,819,823	2,690,572
Texas
Total net sales:	379,075	0	379,075	0
Income (loss) before income taxes:	126,432	0	126,432	0
Total assets:	7,597,895	0
Total net sales:	3,220,208	2,136,461	4,958,650	4,157,182
Income (loss) before income taxes:	1,687,975	837,495	1,331,772	790,505
Total assets:	17,937,994	10,763,336
Segment total
Income (loss) before income taxes:	1,916,175	1,029,207	2,014,108	1,406,930
Corporate
Income (loss) before income taxes:	(167,328)	(178,744)	(602,056)	(580,154)
Total assets:	253,608	162,054
Other income (expense), net
Income (loss) before income taxes:	3,293	5,843	18,797	21,361
Interest expense
Income (loss) before income taxes:	$ (64,165)	$ (18,811)	$ (99,077)	$ (57,632)