Parks! America (PRKA) 10-Q 11 May 21 2021 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Apr. 04, 2021	May 10, 2021
Details
Registrant Name	PARKS AMERICA, INC
Registrant CIK	0001297937
Fiscal Year End	--10-03
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Apr. 4, 2021
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, Including Zip Code of Principal Executive Offices
City Area Code	706
Local Phone Number	663-8744
Phone Fax Number Description	Issuer's telephone number
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		75,124,087
Amendment Flag	false
Document Fiscal Year Focus	2021
Document Fiscal Period Focus	Q2

CONSOLIDATED BALANCE SHEETS (UN

CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)	Apr. 04, 2021	Sep. 27, 2020
ASSETS
Cash	$ 5,640,643	$ 5,505,716
Inventory	344,671	200,891
Prepaid expenses	118,002	148,732
Total current assets	6,103,316	5,855,339
Property and equipment, net	13,978,878	13,654,800
Intangible assets, net	10,966	0
Other assets	12,144	12,144
Total assets	20,105,304	19,522,283
Liabilities
Accounts payable	140,689	178,485
Other current liabilities	628,258	599,390
Current portion of long-term debt, net	1,362,097	1,221,009
Total current liabilities	2,131,044	1,998,884
Long-term debt, net	5,437,271	5,797,392
Total liabilities	7,568,315	7,796,276
Stockholders' equity
Common Stock, Value, Issued	75,124	75,021
Capital in excess of par	4,934,212	4,889,316
Treasury stock	(3,250)	(3,250)
Retained earnings	7,530,903	6,764,920
Total stockholders' equity	12,536,989	11,726,007
Total liabilities and stockholders' equity	$ 20,105,304	$ 19,522,283

CONSOLIDATED BALANCE SHEETS (_2

CONSOLIDATED BALANCE SHEETS (UNAUDITED) - Parenthetical - $ / shares	Apr. 04, 2021	Sep. 27, 2020
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	75,124,087	75,021,537
Common Stock, Shares, Outstanding	75,124,087	75,021,537

CONSOLIDATED STATEMENTS OF OPER

CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($) shares in Thousands	3 Months Ended		6 Months Ended
	Apr. 04, 2021	Mar. 29, 2020	Apr. 04, 2021	Mar. 29, 2020
Details
Net sales	$ 2,471,733	$ 730,522	$ 4,627,208	$ 1,713,930
Sale of animals	4,450	12,435	76,174	24,512
Total net sales	2,476,183	742,957	4,703,382	1,738,442
Cost of sales	309,852	122,905	569,847	249,765
Selling, general and administrative	1,337,649	763,628	2,737,494	1,614,845
Depreciation and amortization	172,807	117,500	340,007	235,000
Tornado damage insurance recovery	0	(24,373)	0	(24,373)
Loss on disposal of operating assets	26,046	0	30,721	0
Income (loss) from operations	629,829	(236,703)	1,025,313	(336,795)
Other income, net	12,755	7,542	27,319	15,504
Gain on extinguishment of debt	125,371	0	125,371	0
Interest expense	(84,207)	(17,191)	(175,620)	(34,912)
Income (loss) before income taxes	683,748	(246,352)	1,002,383	(356,203)
Income tax provision	145,700	(56,200)	236,400	(76,900)
Net income (loss)	$ 538,048	$ (190,152)	$ 765,983	$ (279,303)
Income per share - basic and diluted	$ 0.01	$ 0	$ 0.01	$ 0
Weighted average shares outstanding (in 000's) - basic and diluted	75,112	75,005	75,065	74,808

CONSOLIDATED STATEMENT OF CHANG

CONSOLIDATED STATEMENT OF CHANGES IN STOCKHOLDERS' EQUITY (UNAUDITED) - USD ($)	Common Stock	Additional Paid-in Capital	Treasury Stock	Retained Earnings	Total
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)
Shares Outstanding at Dec. 29, 2019	74,821,537
Stockholders' Equity at Dec. 29, 2019	$ 74,821	4,855,516	(3,250)	3,908,300	8,835,387
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	(190,152)	(190,152)
Shares Outstanding at Mar. 29, 2020	75,021,537
Stockholders' Equity at Mar. 29, 2020	$ 75,021	4,889,316	(3,250)	3,718,148	8,679,235
Stockholders' Equity at Sep. 27, 2020	$ 75,021	4,889,316	(3,250)	6,764,920	11,726,007
Shares Outstanding at Sep. 27, 2020	75,021,537
Net Income (Loss)	$ 0	0	0	227,935	227,935
Shares Outstanding at Jan. 03, 2021	75,021,537
Stockholders' Equity at Jan. 03, 2021	$ 75,021	4,889,316	(3,250)	6,992,855	11,953,942
Stock Issued During Period, Value, New Issues	$ 103	44,896	0	0	44,999
Stock Issued During Period, Shares, New Issues	102,550
Net Income (Loss)	$ 0	0	0	538,048	538,048
Shares Outstanding at Apr. 04, 2021	75,124,087
Stockholders' Equity at Apr. 04, 2021	$ 75,124	$ 4,934,212	$ (3,250)	$ 7,530,903	$ 12,536,989

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)	6 Months Ended
	Apr. 04, 2021	Mar. 29, 2020
OPERATING ACTIVITIES:
Net income (loss)	$ 765,983	$ (279,303)
Reconciliation of net income (loss) to net cash provided by (used in) operating activities:
Depreciation and amortization expense	340,007	235,000
Interest expense - debt financing cost amortization	3,956	1,120
Interest expense - loan discount amortization	9,279	0
Loss on disposal of operating assets	30,721	0
Stock-based compensation	44,999	34,000
Gain on extinguishment of debt	(125,371)	0
Changes in assets and liabilities
(Increase) decrease in accounts receivable	0	(24,373)
(Increase) decrease in inventory	(143,780)	(43,600)
(Increase) decrease in prepaid expenses	30,730	(132,654)
Increase (decrease) in accounts payable	(37,796)	(59,946)
Increase (decrease) in other current liabilities	28,868	(57,431)
Net cash provided by (used in) operating activities	947,596	(327,187)
INVESTING ACTIVITIES:
Acquisition of property and equipment	(710,651)	(312,929)
Tradename registrations	(10,966)	0
Deposit on pending acquisition of Aggieland Safari	0	(103,235)
Proceeds from the disposition of property and equipment	16,634	0
Net cash used in investing activities	(704,983)	(416,164)
FINANCING ACTIVITIES:
Payments on 2018 Term Loan	(107,686)	(102,427)
Net cash used in financing activities	(107,686)	(102,427)
Net increase (decrease) in cash	134,927	(845,778)
Cash at beginning of period	5,505,716	3,787,815
Cash at end of period	5,640,643	2,942,037
Supplemental Cash Flow Information:
Cash paid for interest	177,040	33,602
Cash paid for income taxes	$ 276,750	$ 50,000

NOTE 1. ORGANIZATION

NOTE 1. ORGANIZATION	6 Months Ended
	Apr. 04, 2021
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. As a result, our combined third and fourth quarter net sales have historically ranged from 68% to 72% of our 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. Beginning the week of March 9, 2020, the Company began to see a significant reduction in paid attendance at its Georgia and Missouri Parks. 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 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. Subsequent to reopening, attendance levels were strong at each of the Company’s three Parks for the balance of its 2020 fiscal year, which has continued through the first six months of its 2021 fiscal year. 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. There is also the potential for attendance levels at the Company’s Parks to decline as alternative entertainment venues reopen to full capacity once the COVID-19 pandemic has run its course or vaccines are in use and made widely available.

NOTE 2. SIGNIFICANT ACCOUNTING

NOTE 2. SIGNIFICANT ACCOUNTING POLICIES	6 Months Ended
	Apr. 04, 2021
Notes
NOTE 2. SIGNIFICANT ACCOUNTING POLICIES	NOTE 2. SIGNIFICANT ACCOUNTING POLICIES Basis of Presentation: Principles of Consolidation: Accounting Method: Estimates and Assumptions: Fiscal Year End: Financial and Concentrations Risk: Trade Accounts Receivable: Inventory: Property and Equipment: April 4, 2021 September 27, 2020 Depreciable Lives Land $ 6,389,470 $ 6,389,470 not applicable Mineral rights 276,000 276,000 25 years Ground improvements 2,486,503 2,334,172 7-25 years Buildings and structures 3,874,199 3,798,098 10-39 years Animal shelters and habitats 2,246,869 2,098,947 10-39 years Park animals 1,188,618 1,166,583 5-25 years Equipment - concession and related 255,426 232,281 3-15 years Equipment and vehicles - yard and field 612,160 556,168 3-15 years Vehicles - buses and rental 286,656 237,075 3-5 years Rides and entertainment 227,574 224,578 5-7 years Furniture and fixtures 26,057 26,057 5-10 years Projects in process 165,209 34,290 Property and equipment, cost 18,034,741 17,373,719 Less accumulated depreciation (4,055,863) (3,718,919) Property and equipment, net $ 13,978,878 $ 13,654,800 Depreciation expense for the three months ended April 4, 2021 and March 29, 2020 totaled $172,807 and $117,500, respectively, and depreciation expense for the six months ended April 4, 2021 and March 29, 2020 totaled $340,007 and $235,000, respectively. Impairment of Long-Lived Assets: Other Current Liabilities: April 4, 2021 September 27, 2020 Deferred revenue $ 343,813 $ 273,386 Accrued sales taxes 120,208 69,101 Accrued wages and payroll taxes 117,426 42,774 Accrued property taxes 10,717 68,530 Accrued income taxes - 46,402 Other accrued liabilities 35,991 99,197 Other current liabilities $ 628,155 $ 599,390 Financial Instruments: Revenue Recognition: Revenues from Contracts with Customers Revenues from park admission fees are recognized at the point in time control transfers to the customer, which is generally when the customer accepts access to the park and the Company is entitled to payment. Park admission fee revenues from advance online ticket purchases are deferred until the customers’ visit to the parks. Revenues from retail and concession sales are generally recognized upon the concurrent receipt of payment and delivery of goods to the customer. Sales taxes billed and collected are not included in revenue. Deferred revenues from advance online admission tickets were $343,813 and $273,386 as of April 4, 2021 and September 27, 2020, respectively, and are included within Other Current Liabilities in the accompanying consolidated balance sheets. 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. Animal sales are recognized at a point in time when control transfer to the customer, which is generally determined when title, ownership and risk of loss pass to the customer, all of which generally occurs upon delivery of the animal. Based on the Company’s assessment of control indicators, sales are recognized when animals are delivered to the customer. The Company provides disaggregation of revenue based on geography in “NOTE 10: BUSINESS SEGMENTS”, as it believes this best depicts how the nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factors. Advertising and Marketing Costs: Stock Based Compensation: A Stock Option and Award Plan (the “Plan”) providing for incentive stock options and performance bonus awards for executives, employees, and directors was approved by the Company’s Board of Directors on February 1, 2005, however, the Plan has not been submitted to the stockholders for approval. The Plan sets aside five million (5,000,000) shares for award of stock options, including qualified incentive stock options and performance stock bonuses. To date, no grants or awards have been made pursuant to the Plan and the Company did not submit the Plan for consideration to the Company’s stockholders at its last meeting of stockholders. Income Taxes: A tax position is recognized as a benefit only if it is “more-likely-than-not” that the tax position would be sustained in a tax examination, with a tax examination being presumed to occur. The amount recognized is the largest amount of tax benefit that is greater than fifty percent likely of being realized on examination. For tax positions not meeting the “more-likely-than-not” test, no tax benefit is recorded. The Company has no unrecognized tax benefits under guidance related to tax uncertainties. The Company does not anticipate the unrecognized tax benefits will significantly change in the next twelve months. Any tax penalties or interest expense will be recognized in income tax expense. No interest and penalties related to unrecognized tax benefits were accrued as of April 4, 2021 or September 27, 2020. 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 In December 2019, the FASB issued ASU 2019-12, 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	6 Months Ended
	Apr. 04, 2021
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 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 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 following table presents supplemental pro forma information for the six month period ended March 29, 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 six months ended March 29, 2020 Total net sales $ 2,393,835 Net loss $ (427,289) Income per share - basic and diluted $ (0.01)

NOTE 4. LONG-TERM DEBT

NOTE 4. LONG-TERM DEBT	6 Months Ended
	Apr. 04, 2021
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 represents 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 April 4, 2021 was $745,294. 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. The outstanding balance of the 2018 Term Loan was $1,056,244 as of April 4, 2021. As a result of the initial 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. 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 twelve months of these PPP loans, with accrued interest being added to the principal during the payment deferral period. After the initial twelve-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 PPP 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. The Company applied for forgiveness of the full amount of both the Wild Animal – Georgia and Wild Animal – Missouri PPP loans in March 2021. Effective March 29, 2021, the SBA approved the Forgiveness Application for Wild Animal – Georgia, resulting in a gain on extinguishment of debt totaling $125,371 in the three months ended April 4, 2021. The Company’s Forgiveness Application for the full amount of its Wild Animal Safari – Missouri PPP loan remains pending as of the date of this report. Including accrued interest, the principal outstanding on the Wild Animal – Missouri PPP loan was $64,526 as of April 4, 2021. The Company will continue to account for its outstanding PPP loan under their defined terms until such time as forgiveness is granted by the SBA. Interest expense of $84,207 and $17,191 for the three months ended April 4, 2021 and March 29, 2020, respectively, includes $1,978 and $560, respectively, of debt closing costs amortization in each period. Interest expense of $175,620 and $34,912 for the six months ended April 4, 2021 and March 29, 2020, respectively, includes $3,956 and $1,120, respectively, of debt closing costs amortization in each period. In addition, interest expense for the three months and six months ended April 4, 2021 includes $4,639 and $9,279 of loan discount amortization, respectively. The following table represents the aggregate of the Company’s outstanding long-term debt: As of April 4, 2021 September 27, 2020 Loan principal outstanding $ 6,866,064 $ 7,089,053 Less: unamortized debt financing costs (66,696) (70,652) Gross long-term debt 6,799,368 7,018,401 Less current portion of long-term debt, net of unamortized costs and discount (1,362,097) (1,221,009) Long-term debt $ 5,437,271 $ 5,797,392 As of April 4, 2021, the scheduled future principal maturities of the Company’s long-term debt by fiscal year are as follows: 2021 $ 1,047,553 2022 661,667 2023 661,976 2024 696,466 2025 688,895 thereafter 3,109,507 Total $ 6,866,064

NOTE 5. LINE OF CREDIT

NOTE 5. LINE OF CREDIT	6 Months Ended
	Apr. 04, 2021
Notes
NOTE 5. LINE 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 April 4, 2021 and September 27, 2020, 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	6 Months Ended
	Apr. 04, 2021
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 the award. On December 18, 2020, the Company declared its annual compensation award to six Directors for their service on the Board of Directors. Each Director was awarded $10,000, to be paid all in shares of the Company’s common stock, all in cash or a combination thereof, at each Director’s election. Four Directors elected to receive all shares, one Director elected to receive 50% in shares and 50% in cash, and one Director elected all cash. Based on the closing stock price of $0.4388 per share on December 18, 2020, a total of 102,550 shares were distributed on January 11, 2021. The total compensation award cost of $60,000 was reported as an expense in the first quarter of the 2021 fiscal year. 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 of the Company’s common stock, all in cash or a combination thereof, at each Director’s election. All four Directors elected to receive all shares, totaling 200,000 shares, 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. Officers, Directors and their controlled entities own approximately 52.8% of the outstanding common stock of the Company as of April 4, 2021.

NOTE 7. SIGNIFICANT TRANSACTION

NOTE 7. SIGNIFICANT TRANSACTIONS WITH RELATED PARTIES	6 Months Ended
	Apr. 04, 2021
Notes
NOTE 7. SIGNIFICANT TRANSACTIONS WITH RELATED PARTIES	NOTE 7. SIGNIFICANT TRANSACTIONS WITH RELATED PARTIES Effective as of June 1, 2020, the Company and Dale Van Voorhis, the Company’s Chairman and Chief Executive Officer, entered into an employment agreement (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 as of January 1, 2019, the Company and Todd R. White, the Company’s Chief Financial Officer, entered into an employment agreement (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. Effective January 1, 2021, Mr. White’s annual compensation was changed to $90,000. Mr. White is entitled to participate in any deferred compensation plan the Company may adopt during the term of his employment with the Company. Effective as of 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 as of May 1, 2020, Mr. Newman’s annual compensation was changed to $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. As of April 4, 2021, the Company has not adopted any deferred compensation plans. 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 ($216,667 in aggregate) or (ii) in the event of a change in control of the Company ($481,667 in aggregate), as well as disability and death payment provisions ($141,500 in aggregate).

NOTE 8. INCOME TAXES

NOTE 8. INCOME TAXES	6 Months Ended
	Apr. 04, 2021
Notes
NOTE 8. INCOME TAXES	NOTE 8. INCOME TAXES For the six month period ended April 4, 2021, the Company reported pre-tax income of $1,002,383. For the fiscal year ending October 3, 2021, 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 25.0%. The Company recorded a net income tax provision of $236,400 for the six month period ended April 4, 2021, comprised of a federal expense of $171,000 and a State of Georgia expense of $65,400. The Company’s net income tax provision for the six month period ended March 29, 2020 was a tax benefit of $76,900, comprised of a federal benefit of $74,200 and a State of Georgia benefit of $2,700.

NOTE 9. COMMITMENTS AND CONTING

NOTE 9. COMMITMENTS AND CONTINGENCIES	6 Months Ended
	Apr. 04, 2021
Notes
NOTE 9. COMMITMENTS AND CONTINGENCIES	NOTE 9. COMMITMENTS AND CONTINGENCIES On February 17, 2021, two children of James Meikle, the Company’s former President and Chief Operating Officer, filed a Complaint in the Eighth Judicial District Court, Clark County, Nevada (case no. A-21-829563-C), alleging the Company was obligated under Mr. Meikle’s Employment Agreement to purchase at least $540,000 of life insurance for Mr. Meikle, who passed away on November 28, 2018. The Complaint seeks damages of $540,000, as well as interest and expenses. The Company believes the Complaint is without merit and is vigorously opposing this claim. 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 $71,478 of improvements associated with the tornado damage during the year ended September 27, 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. Except as noted 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	6 Months Ended
	Apr. 04, 2021
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 six months ended April 4, 2021 March 29, 2020 April 4, 2021 March 29, 2020 Total net sales: Georgia $ 1,609,777 $ 631,622 $ 3,178,788 $ 1,530,058 Missouri 319,649 111,335 539,677 208,384 Texas 546,757 - 984,917 - Consolidated $ 2,476,183 $ 742,957 $ 4,703,382 $ 1,738,442 Income (loss) before income taxes: Georgia $ 818,557 $ 78,849 $ 1,680,254 $ 411,622 Missouri (29,720) (150,272) (160,187) (313,689) Texas 23,479 - 4,534 - Segment total 812,316 (71,423) 1,524,601 97,933 Corporate (182,487) (165,280) (499,288) (434,728) Other income, net 12,755 7,542 27,319 15,504 Gain on extinguishment of debt 125,371 - 125,371 - Interest expense (84,207) (17,191) (175,620) (34,912) Consolidated $ 683,748 $ (246,352) $ 1,002,383 $ (356,203) As of April 4, 2021 September 27, 2020 Total assets: Georgia $ 9,095,177 $ 8,352,457 Missouri 2,963,501 3,120,166 Texas 7,847,934 7,919,577 Corporate 198,692 130,083 Consolidated $ 20,105,304 $ 19,522,283

NOTE 11. SUBSEQUENT EVENTS

NOTE 11. SUBSEQUENT EVENTS	6 Months Ended
	Apr. 04, 2021
Notes
NOTE 11. SUBSEQUENT EVENTS	NOTE 11. SUBSEQUENT EVENTS The Company has analyzed its operations subsequent to April 4, 2021 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 ACCOUNTIN_2

NOTE 2. SIGNIFICANT ACCOUNTING POLICIES: Basis of Presentation (Policies)	6 Months Ended
	Apr. 04, 2021
Policies
Basis of Presentation	Basis of Presentation:

NOTE 2. SIGNIFICANT ACCOUNTIN_3

NOTE 2. SIGNIFICANT ACCOUNTING POLICIES: Principles of Consolidation (Policies)	6 Months Ended
	Apr. 04, 2021
Policies
Principles of Consolidation	Principles of Consolidation:

NOTE 2. SIGNIFICANT ACCOUNTIN_4

NOTE 2. SIGNIFICANT ACCOUNTING POLICIES: Accounting Method (Policies)	6 Months Ended
	Apr. 04, 2021
Policies
Accounting Method	Accounting Method:

NOTE 2. SIGNIFICANT ACCOUNTIN_5

NOTE 2. SIGNIFICANT ACCOUNTING POLICIES: Estimates and Assumptions (Policies)	6 Months Ended
	Apr. 04, 2021
Policies
Estimates and Assumptions	Estimates and Assumptions:

NOTE 2. SIGNIFICANT ACCOUNTIN_6

NOTE 2. SIGNIFICANT ACCOUNTING POLICIES: Fiscal Year End (Policies)	6 Months Ended
	Apr. 04, 2021
Policies
Fiscal Year End	Fiscal Year End:

NOTE 2. SIGNIFICANT ACCOUNTIN_7

NOTE 2. SIGNIFICANT ACCOUNTING POLICIES: Financial and Concentrations Risk (Policies)	6 Months Ended
	Apr. 04, 2021
Policies
Financial and Concentrations Risk	Financial and Concentrations Risk:

NOTE 2. SIGNIFICANT ACCOUNTIN_8

NOTE 2. SIGNIFICANT ACCOUNTING POLICIES: Trade Accounts Receivable (Policies)	6 Months Ended
	Apr. 04, 2021
Policies
Trade Accounts Receivable	Trade Accounts Receivable:

NOTE 2. SIGNIFICANT ACCOUNTIN_9

NOTE 2. SIGNIFICANT ACCOUNTING POLICIES: Inventory (Policies)	6 Months Ended
	Apr. 04, 2021
Policies
Inventory	Inventory:

NOTE 2. SIGNIFICANT ACCOUNTI_10

NOTE 2. SIGNIFICANT ACCOUNTING POLICIES: Property and Equipment (Policies)	6 Months Ended
	Apr. 04, 2021
Policies
Property and Equipment	Property and Equipment: April 4, 2021 September 27, 2020 Depreciable Lives Land $ 6,389,470 $ 6,389,470 not applicable Mineral rights 276,000 276,000 25 years Ground improvements 2,486,503 2,334,172 7-25 years Buildings and structures 3,874,199 3,798,098 10-39 years Animal shelters and habitats 2,246,869 2,098,947 10-39 years Park animals 1,188,618 1,166,583 5-25 years Equipment - concession and related 255,426 232,281 3-15 years Equipment and vehicles - yard and field 612,160 556,168 3-15 years Vehicles - buses and rental 286,656 237,075 3-5 years Rides and entertainment 227,574 224,578 5-7 years Furniture and fixtures 26,057 26,057 5-10 years Projects in process 165,209 34,290 Property and equipment, cost 18,034,741 17,373,719 Less accumulated depreciation (4,055,863) (3,718,919) Property and equipment, net $ 13,978,878 $ 13,654,800 Depreciation expense for the three months ended April 4, 2021 and March 29, 2020 totaled $172,807 and $117,500, respectively, and depreciation expense for the six months ended April 4, 2021 and March 29, 2020 totaled $340,007 and $235,000, respectively.

NOTE 2. SIGNIFICANT ACCOUNTI_11

NOTE 2. SIGNIFICANT ACCOUNTING POLICIES: Impairment of Long-Lived Assets (Policies)	6 Months Ended
	Apr. 04, 2021
Policies
Impairment of Long-Lived Assets	Impairment of Long-Lived Assets:

NOTE 2. SIGNIFICANT ACCOUNTI_12

NOTE 2. SIGNIFICANT ACCOUNTING POLICIES: Other Current Liabilities (Policies)	6 Months Ended
	Apr. 04, 2021
Policies
Other Current Liabilities	Other Current Liabilities: April 4, 2021 September 27, 2020 Deferred revenue $ 343,813 $ 273,386 Accrued sales taxes 120,208 69,101 Accrued wages and payroll taxes 117,426 42,774 Accrued property taxes 10,717 68,530 Accrued income taxes - 46,402 Other accrued liabilities 35,991 99,197 Other current liabilities $ 628,155 $ 599,390

NOTE 2. SIGNIFICANT ACCOUNTI_13

NOTE 2. SIGNIFICANT ACCOUNTING POLICIES: Financial Instruments (Policies)	6 Months Ended
	Apr. 04, 2021
Policies
Financial Instruments	Financial Instruments:

NOTE 2. SIGNIFICANT ACCOUNTI_14

NOTE 2. SIGNIFICANT ACCOUNTING POLICIES: Revenue Recognition (Policies)	6 Months Ended
	Apr. 04, 2021
Policies
Revenue Recognition	Revenue Recognition: Revenues from Contracts with Customers Revenues from park admission fees are recognized at the point in time control transfers to the customer, which is generally when the customer accepts access to the park and the Company is entitled to payment. Park admission fee revenues from advance online ticket purchases are deferred until the customers’ visit to the parks. Revenues from retail and concession sales are generally recognized upon the concurrent receipt of payment and delivery of goods to the customer. Sales taxes billed and collected are not included in revenue. Deferred revenues from advance online admission tickets were $343,813 and $273,386 as of April 4, 2021 and September 27, 2020, respectively, and are included within Other Current Liabilities in the accompanying consolidated balance sheets. 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. Animal sales are recognized at a point in time when control transfer to the customer, which is generally determined when title, ownership and risk of loss pass to the customer, all of which generally occurs upon delivery of the animal. Based on the Company’s assessment of control indicators, sales are recognized when animals are delivered to the customer. The Company provides disaggregation of revenue based on geography in “NOTE 10: BUSINESS SEGMENTS”, as it believes this best depicts how the nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factors.

NOTE 2. SIGNIFICANT ACCOUNTI_15

NOTE 2. SIGNIFICANT ACCOUNTING POLICIES: Advertising and Marketing Costs (Policies)	6 Months Ended
	Apr. 04, 2021
Policies
Advertising and Marketing Costs	Advertising and Marketing Costs:

NOTE 2. SIGNIFICANT ACCOUNTI_16

NOTE 2. SIGNIFICANT ACCOUNTING POLICIES: Stock Based Compensation (Policies)	6 Months Ended
	Apr. 04, 2021
Policies
Stock Based Compensation	Stock Based Compensation: A Stock Option and Award Plan (the “Plan”) providing for incentive stock options and performance bonus awards for executives, employees, and directors was approved by the Company’s Board of Directors on February 1, 2005, however, the Plan has not been submitted to the stockholders for approval. The Plan sets aside five million (5,000,000) shares for award of stock options, including qualified incentive stock options and performance stock bonuses. To date, no grants or awards have been made pursuant to the Plan and the Company did not submit the Plan for consideration to the Company’s stockholders at its last meeting of stockholders.

NOTE 2. SIGNIFICANT ACCOUNTI_17

NOTE 2. SIGNIFICANT ACCOUNTING POLICIES: Income Taxes (Policies)	6 Months Ended
	Apr. 04, 2021
Policies
Income Taxes	Income Taxes: A tax position is recognized as a benefit only if it is “more-likely-than-not” that the tax position would be sustained in a tax examination, with a tax examination being presumed to occur. The amount recognized is the largest amount of tax benefit that is greater than fifty percent likely of being realized on examination. For tax positions not meeting the “more-likely-than-not” test, no tax benefit is recorded. The Company has no unrecognized tax benefits under guidance related to tax uncertainties. The Company does not anticipate the unrecognized tax benefits will significantly change in the next twelve months. Any tax penalties or interest expense will be recognized in income tax expense. No interest and penalties related to unrecognized tax benefits were accrued as of April 4, 2021 or September 27, 2020.

NOTE 2. SIGNIFICANT ACCOUNTI_18

NOTE 2. SIGNIFICANT ACCOUNTING POLICIES: Basic and Diluted Net Income (Loss) Per Share (Policies)	6 Months Ended
	Apr. 04, 2021
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 ACCOUNTI_19

NOTE 2. SIGNIFICANT ACCOUNTING POLICIES: Dividend Policy (Policies)	6 Months Ended
	Apr. 04, 2021
Policies
Dividend Policy	Dividend Policy:

NOTE 2. SIGNIFICANT ACCOUNTI_20

NOTE 2. SIGNIFICANT ACCOUNTING POLICIES: Recent Accounting Pronouncements (Policies)	6 Months Ended
	Apr. 04, 2021
Policies
Recent Accounting Pronouncements	Recent Accounting Pronouncements: Income Taxes In December 2019, the FASB issued ASU 2019-12, 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 ACCOUNTI_21

NOTE 2. SIGNIFICANT ACCOUNTING POLICIES: Property and Equipment: Property, Plant and Equipment (Tables)	6 Months Ended
	Apr. 04, 2021
Tables/Schedules
Property, Plant and Equipment	April 4, 2021 September 27, 2020 Depreciable Lives Land $ 6,389,470 $ 6,389,470 not applicable Mineral rights 276,000 276,000 25 years Ground improvements 2,486,503 2,334,172 7-25 years Buildings and structures 3,874,199 3,798,098 10-39 years Animal shelters and habitats 2,246,869 2,098,947 10-39 years Park animals 1,188,618 1,166,583 5-25 years Equipment - concession and related 255,426 232,281 3-15 years Equipment and vehicles - yard and field 612,160 556,168 3-15 years Vehicles - buses and rental 286,656 237,075 3-5 years Rides and entertainment 227,574 224,578 5-7 years Furniture and fixtures 26,057 26,057 5-10 years Projects in process 165,209 34,290 Property and equipment, cost 18,034,741 17,373,719 Less accumulated depreciation (4,055,863) (3,718,919) Property and equipment, net $ 13,978,878 $ 13,654,800

NOTE 2. SIGNIFICANT ACCOUNTI_22

NOTE 2. SIGNIFICANT ACCOUNTING POLICIES: Other Current Liabilities: Other Current Liabilities (Tables)	6 Months Ended
	Apr. 04, 2021
Tables/Schedules
Other Current Liabilities	April 4, 2021 September 27, 2020 Deferred revenue $ 343,813 $ 273,386 Accrued sales taxes 120,208 69,101 Accrued wages and payroll taxes 117,426 42,774 Accrued property taxes 10,717 68,530 Accrued income taxes - 46,402 Other accrued liabilities 35,991 99,197 Other current liabilities $ 628,155 $ 599,390

NOTE 3. ACQUISITION_ Schedule o

NOTE 3. ACQUISITION: Schedule of Sources of consideration paid to Aggieland Safari Members (Tables)	6 Months Ended
	Apr. 04, 2021
Tables/Schedules
Schedule of Sources of consideration paid to Aggieland Safari Members	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 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)	6 Months Ended
	Apr. 04, 2021
Tables/Schedules
Schedule of supplemental pro forma information	For the six months ended March 29, 2020 Total net sales $ 2,393,835 Net loss $ (427,289) Income per share - basic and diluted $ (0.01)

NOTE 4. LONG-TERM DEBT_ Schedul

NOTE 4. LONG-TERM DEBT: Schedule of Debt (Tables)	6 Months Ended
	Apr. 04, 2021
Tables/Schedules
Schedule of Debt	As of April 4, 2021 September 27, 2020 Loan principal outstanding $ 6,866,064 $ 7,089,053 Less: unamortized debt financing costs (66,696) (70,652) Gross long-term debt 6,799,368 7,018,401 Less current portion of long-term debt, net of unamortized costs and discount (1,362,097) (1,221,009) Long-term debt $ 5,437,271 $ 5,797,392

NOTE 4. LONG-TERM DEBT_ Sched_2

NOTE 4. LONG-TERM DEBT: Schedule of Maturities of Long-term Debt (Tables)	6 Months Ended
	Apr. 04, 2021
Tables/Schedules
Schedule of Maturities of Long-term Debt	2021 $ 1,047,553 2022 661,667 2023 661,976 2024 696,466 2025 688,895 thereafter 3,109,507 Total $ 6,866,064

NOTE 10. BUSINESS SEGMENTS_ Sch

NOTE 10. BUSINESS SEGMENTS: Schedule of Revenue by Reporting Segments (Tables)	6 Months Ended
	Apr. 04, 2021
Tables/Schedules
Schedule of Revenue by Reporting Segments	For the three months ended For the six months ended April 4, 2021 March 29, 2020 April 4, 2021 March 29, 2020 Total net sales: Georgia $ 1,609,777 $ 631,622 $ 3,178,788 $ 1,530,058 Missouri 319,649 111,335 539,677 208,384 Texas 546,757 - 984,917 - Consolidated $ 2,476,183 $ 742,957 $ 4,703,382 $ 1,738,442 Income (loss) before income taxes: Georgia $ 818,557 $ 78,849 $ 1,680,254 $ 411,622 Missouri (29,720) (150,272) (160,187) (313,689) Texas 23,479 - 4,534 - Segment total 812,316 (71,423) 1,524,601 97,933 Corporate (182,487) (165,280) (499,288) (434,728) Other income, net 12,755 7,542 27,319 15,504 Gain on extinguishment of debt 125,371 - 125,371 - Interest expense (84,207) (17,191) (175,620) (34,912) Consolidated $ 683,748 $ (246,352) $ 1,002,383 $ (356,203) As of April 4, 2021 September 27, 2020 Total assets: Georgia $ 9,095,177 $ 8,352,457 Missouri 2,963,501 3,120,166 Texas 7,847,934 7,919,577 Corporate 198,692 130,083 Consolidated $ 20,105,304 $ 19,522,283

NOTE 1. ORGANIZATION (Details)

NOTE 1. ORGANIZATION (Details)	6 Months Ended
	Apr. 04, 2021
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 ACCOUNTI_23

NOTE 2. SIGNIFICANT ACCOUNTING POLICIES: Property and Equipment: Property, Plant and Equipment (Details) - USD ($)	6 Months Ended
	Apr. 04, 2021	Sep. 27, 2020
Land
Property, Plant and Equipment, Gross	$ 6,389,470	$ 6,389,470
Depreciable Lives	not applicable
Mineral rights
Property, Plant and Equipment, Gross	$ 276,000	276,000
Depreciable Lives	25 years
Ground Improvements
Property, Plant and Equipment, Gross	$ 2,486,503	2,334,172
Depreciable Lives	7-25 years
Building
Property, Plant and Equipment, Gross	$ 3,874,199	3,798,098
Depreciable Lives	10-39 years
Animal shelters and habitats
Property, Plant and Equipment, Gross	$ 2,246,869	2,098,947
Depreciable Lives	10-39 years
Park animals
Property, Plant and Equipment, Gross	$ 1,188,618	1,166,583
Depreciable Lives	5-25 years
Equipment - concession and related
Property, Plant and Equipment, Gross	$ 255,426	232,281
Depreciable Lives	3-15 years
Equipment and vehicles - yard and field
Property, Plant and Equipment, Gross	$ 612,160	556,168
Depreciable Lives	3-15 years
Vehicles - buses and rental
Property, Plant and Equipment, Gross	$ 286,656	237,075
Depreciable Lives	3-5 years
Rides and entertainment
Property, Plant and Equipment, Gross	$ 227,574	224,578
Depreciable Lives	5-7 years
Furniture and Fixtures
Property, Plant and Equipment, Gross	$ 26,057	26,057
Depreciable Lives	5-10 years
Projects in process
Property, Plant and Equipment, Gross	$ 165,209	34,290
Property, Plant and Equipment, Gross	18,034,741	17,373,719
Less accumulated depreciation	(4,055,863)	(3,718,919)
Property and equipment, net	$ 13,978,878	$ 13,654,800

NOTE 2. SIGNIFICANT ACCOUNTI_24

NOTE 2. SIGNIFICANT ACCOUNTING POLICIES: Property and Equipment (Details) - USD ($)	3 Months Ended		6 Months Ended
	Apr. 04, 2021	Mar. 29, 2020	Apr. 04, 2021	Mar. 29, 2020
Details
Depreciation and amortization	$ 172,807	$ 117,500	$ 340,007	$ 235,000

NOTE 2. SIGNIFICANT ACCOUNTI_25

NOTE 2. SIGNIFICANT ACCOUNTING POLICIES: Other Current Liabilities: Other Current Liabilities (Details) - USD ($)	Apr. 04, 2021	Sep. 27, 2020
Details
Deferred revenue	$ 343,813	$ 273,386
Accrued sales taxes	120,208	69,101
Accrued wages and payroll taxes	117,426	42,774
Accrued property taxes	10,717	68,530
Accrued income taxes	0	46,402
Other accrued liabilities	35,991	99,197
Other current liabilities	$ 628,155	$ 599,390

NOTE 2. SIGNIFICANT ACCOUNTI_26

NOTE 2. SIGNIFICANT ACCOUNTING POLICIES: Advertising and Marketing Costs (Details) - USD ($)	3 Months Ended		6 Months Ended
	Apr. 04, 2021	Mar. 29, 2020	Apr. 04, 2021	Mar. 29, 2020
Details
Marketing and Advertising Expense	$ 234,290	$ 115,976	$ 446,435	$ 237,314

NOTE 4. LONG-TERM DEBT (Details

NOTE 4. LONG-TERM DEBT (Details) - USD ($)	3 Months Ended		6 Months Ended
	Apr. 04, 2021	Mar. 29, 2020	Apr. 04, 2021	Apr. 04, 2021	Mar. 29, 2020
Long-term Debt	$ 6,866,064		$ 6,866,064	$ 6,866,064
Gain on extinguishment of debt	125,371	$ 0	125,371		$ 0
2020 Term Loan from First Financial
Debt Instrument, Issuance Date				Apr. 27, 2020
Debt Instrument, Description				2020 Term Loan
Debt Instrument, Issuer				First Financial
Debt Instrument, Face Amount	$ 5,000,000		$ 5,000,000	$ 5,000,000
Debt Instrument, Collateral				secured by substantially all of the Aggieland Wild Animal – Texas assets, as well as guarantees from the Company and its subsidiaries
Debt Instrument, Interest Rate, Stated Percentage	5.00%		5.00%	5.00%
Debt Instrument, Maturity Date				Apr. 27, 2031
Aggieland Seller Note
Debt Instrument, Issuance Date				Apr. 27, 2020
Debt Instrument, Description				Aggieland Seller Note
Debt Instrument, Face Amount	$ 750,000		$ 750,000	$ 750,000
Debt Instrument, Collateral				secured by a second priority subordinated lien and security interest in the acquired mineral rights and the animal inventory
Debt Instrument, Interest Rate, Stated Percentage	0.00%		0.00%	0.00%
Debt Instrument, Maturity Date				Jun. 30, 2021
Long-term Debt, Fair Value	$ 728,500		$ 728,500	$ 728,500
Debt Instrument, Discount	21,500		21,500	21,500
Long-term Debt	745,294		745,294	$ 745,294
2018 Term Loan
Debt Instrument, Issuance Date				Jul. 11, 2018
Debt Instrument, Description				2018 Term Loan
Debt Instrument, Face Amount	$ 1,600,000		$ 1,600,000	$ 1,600,000
Debt Instrument, Collateral				secured by a security deed on the assets of Wild Animal – Georgia
Debt Instrument, Interest Rate, Stated Percentage	5.00%		5.00%	5.00%
Debt Instrument, Maturity Date				Jun. 11, 2021
Long-term Debt	$ 1,056,244		$ 1,056,244	$ 1,056,244
Debt Instrument, Fee Amount	15,680		15,680	$ 15,680
Paycheck Protection Program ('PPP') loans
Debt Instrument, Description				Paycheck Protection Program (“PPP”) loans
Debt Instrument, Face Amount	$ 188,087		$ 188,087	$ 188,087
Debt Instrument, Collateral				unsecured
Debt Instrument, Interest Rate, Stated Percentage	1.00%		1.00%	1.00%
Long-term Debt	$ 64,526		$ 64,526	$ 64,526
Debt Instrument, Payment Terms				All payments are deferred for the first twelve months of these PPP loans, with accrued interest being added to the principal during the payment deferral period. After the initial twelve-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.
Gain on extinguishment of debt				$ 125,371
Paycheck Protection Program ('PPP') loans | Minimum
Debt Instrument, Issuance Date				Apr. 14, 2020
Paycheck Protection Program ('PPP') loans | Maximum
Debt Instrument, Issuance Date				Apr. 16, 2020

NOTE 4. LONG-TERM DEBT_ Sched_3

NOTE 4. LONG-TERM DEBT: Schedule of Debt (Details) - USD ($)	Apr. 04, 2021	Sep. 27, 2020
Details
Term Loan principal outstanding	$ 6,866,064	$ 7,089,053
Less: unamortized debt closing costs	(66,696)	(70,652)
Gross long-term debt	6,799,368	7,018,401
Less current portion of long-term debt, net of unamortized debt closing costs	(1,362,097)	(1,221,009)
Long-term debt	$ 5,437,271	$ 5,797,392

NOTE 4. LONG-TERM DEBT_ Sched_4

NOTE 4. LONG-TERM DEBT: Schedule of Maturities of Long-term Debt (Details)	Apr. 04, 2021USD ($)
Details
Long-Term Debt, Maturity, Year One	$ 1,047,553
Long-Term Debt, Maturity, Year Two	661,667
Long-Term Debt, Maturity, Year Three	661,976
Long-Term Debt, Maturity, Year Four	696,466
Long-Term Debt, Maturity, Year Five	688,895
Long-Term Debt, Maturity, after Year Five	3,109,507
Long-term Debt	$ 6,866,064

NOTE 5. LINE OF CREDIT (Details

NOTE 5. LINE OF CREDIT (Details) - 2018 Refinancing with Synovus	6 Months Ended
	Apr. 04, 2021USD ($)
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 7. SIGNIFICANT TRANSACTI_2

NOTE 7. SIGNIFICANT TRANSACTIONS WITH RELATED PARTIES (Details)	6 Months Ended
	Apr. 04, 2021
2020 Van Voorhis Employment Agreement
Related Party Transaction, Date	Jun. 1, 2020
Related Party Transaction, Description of Transaction	Company and Dale Van Voorhis, the Company’s Chairman and Chief Executive Officer, entered into an employment agreement
2019 White Employment Agreement
Related Party Transaction, Date	Jan. 1, 2019
Related Party Transaction, Description of Transaction	Company and Todd R. White, the Company’s Chief Financial Officer, entered into an employment agreement (the “2019 White Employment Agreement”)
Newman Employment Agreement
Related Party Transaction, Date	May 1, 2018
Related Party Transaction, Description of Transaction	Company entered into an employment agreement with Michael D. Newman

NOTE 10. BUSINESS SEGMENTS_ S_2

NOTE 10. BUSINESS SEGMENTS: Schedule of Revenue by Reporting Segments (Details) - USD ($)	Apr. 04, 2021	Sep. 27, 2020	Apr. 04, 2021	Mar. 29, 2020	Apr. 04, 2021	Mar. 29, 2020
Georgia
Total net sales:			$ 1,609,777	$ 631,622	$ 3,178,788	$ 1,530,058
Income (loss) before income taxes:			818,557	78,849	1,680,254	411,622
Total assets:	$ 9,095,177	$ 8,352,457
Missouri
Total net sales:			319,649	111,335	539,677	208,384
Income (loss) before income taxes:			(29,720)	(150,272)	(160,187)	(313,689)
Total assets:	2,963,501	3,120,166
Texas
Total net sales:			546,757	0	984,917	0
Income (loss) before income taxes:			23,479	0	4,534	0
Total assets:	7,847,934	7,919,577
Total net sales:			2,476,183	742,957	4,703,382	1,738,442
Income (loss) before income taxes:			683,748	(246,352)	1,002,383	(356,203)
Total assets:	20,105,304	19,522,283
Segment total
Income (loss) before income taxes:			812,316	(71,423)	1,524,601	97,933
Corporate
Income (loss) before income taxes:			(182,487)	(165,280)	(499,288)	(434,728)
Total assets:	$ 198,692	$ 130,083
Other income (expense), net
Income (loss) before income taxes:			12,755	7,542	27,319	15,504
Gain on extinguishment of debt
Income (loss) before income taxes:			125,371	0	125,371	0
Interest expense
Income (loss) before income taxes:			$ (84,207)	$ (17,191)	$ (175,620)	$ (34,912)