Parks! America (PRKA) 10-Q 15 Aug 23 2023 Q3 Quarterly report Financial data

Cover

Cover - shares	9 Months Ended
	Jul. 02, 2023	Aug. 11, 2023
Cover [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Quarterly Report	true
Document Transition Report	false
Document Period End Date	Jul. 02, 2023
Document Fiscal Period Focus	Q3
Document Fiscal Year Focus	2023
Current Fiscal Year End Date	--10-01
Entity File Number	000-51254
Entity Registrant Name	Parks! America, Inc.
Entity Central Index Key	0001297937
Entity Tax Identification Number	91-0626756
Entity Incorporation, State or Country Code	NV
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
City Area Code	706
Local Phone Number	663-8744
Trading Symbol	PRKA
Title of 12(g) Security	Common Stock
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		75,517,763

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($)	Jul. 02, 2023	Oct. 02, 2022
ASSETS
Cash	$ 2,875,889	$ 5,472,036
Accounts receivable	673,956	4,405
Inventory	469,343	541,986
Prepaid expenses	760,078	170,782
Total current assets	4,779,266	6,189,209
Property and equipment, net	15,397,446	14,811,742
Intangible assets, net	71,723	79,565
Other assets	20,909	23,090
Total assets	20,269,344	21,103,606
Liabilities
Accounts payable	139,372	267,567
Other current liabilities	463,733	521,872
Current portion of long-term debt, net	758,724	732,779
Total current liabilities	1,361,829	1,522,218
Long-term debt, net	3,654,738	4,227,442
Deferred tax liability, net	270,895
Total liabilities	5,287,462	5,749,660
Stockholders’ equity
Common stock; 300,000,000 shares authorized, at $.001 par value; 75,517,763 and 75,227,058 shares issued and outstanding, respectively	75,518	75,227
Capital in excess of par	5,102,471	4,987,762
Retained earnings	9,803,893	10,290,957
Total stockholders’ equity	14,981,882	15,353,946
Total liabilities and stockholders’ equity	$ 20,269,344	$ 21,103,606

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - $ / shares	Jul. 02, 2023	Oct. 02, 2022
Statement of Financial Position [Abstract]
Common stock, shares authorized	300,000,000	300,000,000
Common stock, par value	$ 0.001	$ 0.001
Common stock, shares issued	75,517,763	75,227,058
Common stock, shares outstanding	75,517,763	75,227,058

Consolidated Statements of Oper

Consolidated Statements of Operations (Unaudited) - USD ($) shares in Thousands	3 Months Ended		9 Months Ended
	Jul. 02, 2023	Jul. 03, 2022	Jul. 02, 2023	Jul. 03, 2022
Income Statement [Abstract]
Park revenues	$ 2,801,512	$ 3,619,240	$ 6,476,656	$ 7,645,743
Sale of animals	48,620	25,085	110,320	29,914
Total revenues	2,850,132	3,644,325	6,586,976	7,675,657
Cost of sales	374,131	461,086	929,632	1,086,763
Selling, general and administrative	1,825,033	1,880,438	5,172,340	5,414,094
Depreciation and amortization	222,124	192,575	648,757	578,225
Tornado expenses and write-offs, net	(268,776)		363,596
Legal settlement		100,000		100,000
(Gain) loss on disposal of operating assets		(11,160)	30,584	(29,160)
Income (loss) from operations	697,620	1,021,386	(557,933)	525,735
Other income, net	3,429	22,030	64,708	68,322
Interest expense	(54,514)	(65,804)	(169,739)	(202,475)
Income (loss) before income taxes	646,535	977,612	(662,964)	391,582
Income tax expense (benefit)	134,500	258,900	(175,900)	146,500
Net income (loss)	$ 512,035	$ 718,712	$ (487,064)	$ 245,082
Income (loss) per share - basic	$ 0.01	$ 0.01	$ (0.01)	$ 0
Income (loss) per share - diluted	$ 0.01	$ 0.01	$ (0.01)	$ 0
Weighted average shares outstanding (in 000's) - basic	75,444	75,168	75,314	75,146
Weighted average shares outstanding (in 000's) - diluted	75,444	75,168	75,314	75,146

Consolidated Statement of Chang

Consolidated Statement of Changes in Stockholders' Equity (Unaudited) - USD ($)	Common Stock [Member]	Additional Paid-in Capital [Member]	Treasury Stock, Common [Member]	Retained Earnings [Member]	Total
Beginning balance, value at Oct. 03, 2021	$ 75,124	$ 4,934,212	$ (3,250)	$ 9,563,466	$ 14,569,552
Balance, shares at Oct. 03, 2021	75,124,087
Net income loss				(421,940)	(421,940)
Ending balance, value at Jan. 02, 2022	$ 75,124	4,934,212	(3,250)	9,141,526	14,147,612
Balance, shares at Jan. 02, 2022	75,124,087
Beginning balance, value at Oct. 03, 2021	$ 75,124	4,934,212	(3,250)	9,563,466	14,569,552
Balance, shares at Oct. 03, 2021	75,124,087
Net income loss					245,082
Ending balance, value at Jul. 03, 2022	$ 75,227	4,987,762		9,808,548	14,871,537
Balance, shares at Jul. 03, 2022	75,227,058
Beginning balance, value at Jan. 02, 2022	$ 75,124	4,934,212	(3,250)	9,141,526	14,147,612
Balance, shares at Jan. 02, 2022	75,124,087
Net income loss				(51,690)	(51,690)
Issuance of common stock to Directors and an Officer	$ 103	56,800			56,903
Issuance of common stock, shares	102,971
Retirement of Treasury Stock		(3,250)	3,250
Ending balance, value at Apr. 03, 2022	$ 75,227	4,987,762		9,089,836	14,152,825
Balance, shares at Apr. 03, 2022	75,227,058
Net income loss				718,712	718,712
Ending balance, value at Jul. 03, 2022	$ 75,227	4,987,762		9,808,548	14,871,537
Balance, shares at Jul. 03, 2022	75,227,058
Beginning balance, value at Oct. 02, 2022	$ 75,227	4,987,762		10,290,957	15,353,946
Balance, shares at Oct. 02, 2022	75,227,058
Net income loss				(152,960)	(152,960)
Ending balance, value at Jan. 01, 2023	$ 75,227	4,987,762		10,137,997	15,200,986
Balance, shares at Jan. 01, 2023	75,227,058
Beginning balance, value at Oct. 02, 2022	$ 75,227	4,987,762		10,290,957	15,353,946
Balance, shares at Oct. 02, 2022	75,227,058
Net income loss					(487,064)
Ending balance, value at Jul. 02, 2023	$ 75,518	5,102,471		9,803,893	14,981,882
Balance, shares at Jul. 02, 2023	75,517,763
Beginning balance, value at Jan. 01, 2023	$ 75,227	4,987,762		10,137,997	15,200,986
Balance, shares at Jan. 01, 2023	75,227,058
Net income loss				(846,139)	(846,139)
Issuance of common stock to Directors and an Officer	$ 163	64,837			65,000
Issuance of common stock, shares	162,500
Ending balance, value at Apr. 02, 2023	$ 75,390	5,052,599		9,291,858	14,419,847
Balance, shares at Apr. 02, 2023	75,389,558
Net income loss				512,035	512,035
Issuance of common stock to Directors and an Officer	$ 128	49,872			50,000
Issuance of common stock, shares	128,205
Ending balance, value at Jul. 02, 2023	$ 75,518	$ 5,102,471		$ 9,803,893	$ 14,981,882
Balance, shares at Jul. 02, 2023	75,517,763

Consolidated Statements of Cash

Consolidated Statements of Cash Flows (Unaudited) - USD ($)	9 Months Ended
	Jul. 02, 2023	Jul. 03, 2022
OPERATING ACTIVITIES:
Net (loss) income	$ (487,064)	$ 245,082
Reconciliation of net (loss) income to net cash (used in) provided by operating activities:
Depreciation and amortization expense	648,757	578,225
Amortization of right of use asset		154,831
Interest expense - debt financing cost amortization	4,416	4,416
Interest expense - financing lease		8,043
Stock-based compensation	115,000	56,903
Deferred tax liability	270,895
Tornado asset write-offs	271,424
Loss (gain) loss on disposal of assets	30,584	(29,160)
Changes in assets and liabilities
(Increase) decrease in accounts receivable	(669,551)	592
(Increase) decrease in inventory	72,643	(273,571)
(Increase) decrease in prepaid expenses	(589,296)	(99,811)
Increase (decrease) in accounts payable	(128,195)	89,326
Increase (decrease) in other current liabilities	(58,139)	57,780
Net cash (used in) provided by operating activities	(518,526)	792,656
INVESTING ACTIVITIES:
Acquisition of property and equipment	(1,520,980)	(1,488,020)
Investment in tradenames	(5,466)
Proceeds from the disposition of property and equipment		28,161
Net cash used in investing activities	(1,526,446)	(1,459,859)
FINANCING ACTIVITIES:
Payments on 2020 Term Loan	(357,038)	(339,497)
Payments on 2021 Term Loan	(194,137)	(186,936)
Principal payments on finance lease obligation		(160,863)
Net cash used in financing activities	(551,175)	(687,296)
Net decrease in cash	(2,596,147)	(1,354,499)
Cash at beginning of period	5,472,036	6,654,348
Cash at end of period	2,875,889	5,299,849
Supplemental Cash Flow Information:
Cash paid for interest	165,863	198,839
Cash paid for income taxes	125,000	260,000
Supplemental Disclosure of Noncash Investing and Financing Activities:
Right of use asset obtained in exchange for finance lease liability		$ 464,492

ORGANIZATION

ORGANIZATION	9 Months Ended
	Jul. 02, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
ORGANIZATION	NOTE 1. ORGANIZATION Parks! America, Inc. (“Parks!” or 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 July 27, 2020. The Company was originally incorporated on July 30, 1954 Nevada The Company’s Parks are open year-round, but experience increased seasonal attendance, typically beginning in the latter half of March through early September. Combined third and fourth quarter attendance based net sales were 62.1% and 60.3% of annual attendance based net sales for the Company’s 2022 and 2021 fiscal years, respectively.

SIGNIFICANT ACCOUNTING POLICIES

SIGNIFICANT ACCOUNTING POLICIES	9 Months Ended
	Jul. 02, 2023
Accounting Policies [Abstract]
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 PARKS! AMERICA, INC. and SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED) July 2, 2023 NOTE 2. SIGNIFICANT ACCOUNTING POLICIES (CONTINUED) Fair Value Accounts Receivable 673,956 4,405 587,253 Inventory 469,343 541,986 Property and Equipment : Property and equipment are stated at cost. Depreciation is computed on the straight-line method over the estimated useful lives of the assets, which range from three to thirty-nine years. A summary is included below. SCHEDULE OF PROPERTY, PLANT AND EQUIPMENT July 2, 2023 October 2, 2022 Depreciable Lives Land $ 6,389,470 $ 6,389,470 not applicable Mineral rights 276,000 276,000 25 Ground improvements 2,980,253 2,797,694 7 25 Buildings and structures 3,801,962 3,922,106 10 39 Animal shelters and habitats 3,222,539 2,479,832 10 39 Park animals 1,347,265 1,247,777 5 25 Equipment - concession and related 523,342 464,988 3 15 Equipment and vehicles - yard and field 810,029 766,149 3 15 Vehicles - buses and rental 304,993 267,483 3 5 Rides and entertainment 177,155 106,247 5 7 Furniture and fixtures 27,160 28,694 5 10 Projects in process 591,133 808,526 Property and equipment, cost 20,451,301 19,554,966 Less accumulated depreciation (5,053,855 ) (4,743,224 ) Property and equipment, net $ 15,397,446 $ 14,811,742 Depreciation expense for the three months ended July 2, 2023 and July 3, 2022 totaled $ 217,640 192,300 635,306 574,400 Intangible Assets 4,484 275 13,451 825 PARKS! AMERICA, INC. and SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED) July 2, 2023 NOTE 2. SIGNIFICANT ACCOUNTING POLICIES (CONTINUED) Impairment of Long-Lived Assets During the nine months period ended July 2, 2023 the Company recorded long-lived asset impairment charges of $ 271,424 Other Current Liabilities : The following is a breakdown of other current liabilities: SCHEDULE OF OTHER CURRENT LIABILITIES July 2, 2023 October 2, 2022 Deferred revenue $ 186,499 $ 193,912 Accrued wages and payroll taxes 83,732 122,265 Accrued sales taxes 65,766 49,123 Accrued property taxes 35,918 46,814 Other accrued liabilities 91,818 109,758 Other current liabilities $ 463,733 $ 521,872 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 revenues for annual passes and memberships are deferred and recognized as revenue on a pro-rata basis over the term of the pass or membership. Park admission fee revenues from advance online ticket purchases are deferred until the customers’ visit to the parks. Advance online tickets can generally be used anytime during the one year period from the date of purchase. 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, and season passes and memberships were $ 186,499 193,912 The Company periodically sells surplus animals created from the natural breeding process that occurs within the parks. Animal sales are reported as a separate revenue line item. Animal sales are recognized at a point in time when control transfers to the customer, which is generally determined when title, ownership and risk of loss pass to the customer, all of which generally occurs upon delivery of the animal. Based on the Company’s assessment of control indicators, sales are recognized when animals are delivered to the customer. The Company provides disaggregation of revenue based on geography in “ Note 9: Business Segments PARKS! AMERICA, INC. and SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED) July 2, 2023 NOTE 2. SIGNIFICANT ACCOUNTING POLICIES (CONTINUED) Advertising and Marketing Costs 341,398 384,025 830,141 949,145 Leases Leases In October 2021, the Company entered a financing lease for certain property related to a Christmas Lights drive through display at its Missouri Park. Effective September 27, 2022, the Company terminated this financing lease, acquiring the leased property related to the Christmas Lights display for $ 85,000 2,011 3,016 154,831 8,043 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 no Income Taxes PARKS! AMERICA, INC. and SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED) July 2, 2023 NOTE 2. SIGNIFICANT ACCOUNTING POLICIES (CONTINUED) Income Taxes (continued): No 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 Credit Losses – Financial Instruments In June 2016, the FASB issued Accounting Standards Update (“ASU”) 2016-13, Financial Instruments – Credit Losses (Topic 326) 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.

TORNADO EXPENSES AND ASSET WRIT

TORNADO EXPENSES AND ASSET WRITE-OFFS	9 Months Ended
	Jul. 02, 2023
Tornado Expenses And Asset Write-offs
TORNADO EXPENSES AND ASSET WRITE-OFFS	NOTE 3. TORNADO EXPENSES AND ASSET WRITE-OFFS During March 26-27, 2023, the Company’s Georgia Park experienced extensive damage, caused by an EF-3 tornado and over nine inches of rain, resulting in more than 4,500 fallen trees and damage to many of the Park’s animal enclosures, fencing and other infrastructure. The Walkabout Adventure Zoo (“Walkabout”) portion of the property was particularly hard hit. The Georgia Park was closed for 20 days, including for most of its traditionally busy spring break period, which has historically comprised approximately 10 15 For the nine month period ended July 2, 2023, the Company incurred $ 779,425 271,424 549,383 185,000 Management been working with its insurance providers regarding tornado damage related coverage and insurance proceeds totaling $ 687,253 587,253 PARKS! AMERICA, INC. and SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED) July 2, 2023

LONG-TERM DEBT

LONG-TERM DEBT	9 Months Ended
	Jul. 02, 2023
Debt Disclosure [Abstract]
LONG-TERM DEBT	NOTE 4. LONG-TERM DEBT On June 18, 2021 1.95 3.75 payable in monthly installments 26,480 June 18, 2028 1,514 1.45 On July 27, 2020 5.0 5.0 July 27, 2031 53,213 62,375 903,222 1.0 3.01 Interest expense of $ 54,514 65,804 1,472 169,739 202,475 4,416 3,016 8,043 The following table represents the aggregate of the Company’s outstanding long-term debt: SCHEDULE OF OUTSTANDING LONG-TERM DEBT As of July 2, 2023 October 2, 2022 Loan principal outstanding $ 4,458,964 $ 5,010,136 Less: unamortized debt financing costs (45,502 ) (49,915 ) Gross long-term debt 4,413,462 4,960,221 Less current portion of long-term debt, net of unamortized costs and discount (758,724 ) (732,779 ) Long-term debt $ 3,654,738 $ 4,227,442 As of July 2, 2023, the scheduled future principal maturities of the Company’s long-term debt by fiscal year are as follows: SCHEDULE OF MATURITIES OF LONG-TERM DEBT 2023 $ 187,452 2024 773,561 2025 810,137 2026 848,473 2027 888,654 thereafter 950,687 Total $ 4,458,964 PARKS! AMERICA, INC. and SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED) July 2, 2023

STOCKHOLDERS_ EQUITY

STOCKHOLDERS’ EQUITY	9 Months Ended
	Jul. 02, 2023
Equity [Abstract]
STOCKHOLDERS’ EQUITY	NOTE 5. 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 February 2, 2023, the Company declared its annual compensation award to seven directors for their service on the Board of Directors. Seven directors were awarded $ 10,000 10,000 0.40 162,500 80,000 Effective February 14, 2023, Lisa Brady the Company’s President and Chief Executive Officer vested in 128,205 50,000 On December 13, 2021, the Company declared its annual compensation award to seven directors for their service on the Board of Directors. Five directors were awarded $ 10,000 2,222 0.553 61,944 On December 13, 2021, the Company awarded a non-director officer $ 10,000 18,083 0.553 10,000 Officers, directors and their controlled entities own approximately 53.8

SIGNIFICANT TRANSACTIONS WITH R

SIGNIFICANT TRANSACTIONS WITH RELATED PARTIES	9 Months Ended
	Jul. 02, 2023
Related Party Transactions [Abstract]
SIGNIFICANT TRANSACTIONS WITH RELATED PARTIES	NOTE 6. SIGNIFICANT TRANSACTIONS WITH RELATED PARTIES Employment Agreements: Effective November 14, 2022 Company and Ms. Brady, entered into an employment agreement (the “Brady Employment Agreement”). 175,000 25 50,000 128,205 0.39 50,000 60,000 70,000 75,000 5,000 five years PARKS! AMERICA, INC. and SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED) July 2, 2023 NOTE 6. SIGNIFICANT TRANSACTIONS WITH RELATED PARTIES (CONTINUED) Employment Agreements (continued): Effective June 1, 2022 100,000 50,000 Effective as of January 1, 2022 90,000 two years 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 ($ 270,833 360,833 157,500

INCOME TAXES

INCOME TAXES	9 Months Ended
	Jul. 02, 2023
Income Tax Disclosure [Abstract]
INCOME TAXES	NOTE 7. INCOME TAXES For the nine month period ended July 2, 2023, the Company reported a pre-tax loss of $ 662,964 175,900 157,000 18,900 391,582 146,500 70,300 76,200

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	9 Months Ended
	Jul. 02, 2023
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	NOTE 8. COMMITMENTS AND CONTINGENCIES On December 16, 2022, the Company received notice that on August 10, 2022 a former employee of Aggieland Wild Animal – Texas, filed a Complaint in the 361st District Court of Brazos County, Texas (case no. 22-001839-CV-361), alleging the Company and Aggieland-Parks, Inc. committed several instances of employment discrimination. The Complaint seeks unspecified economic, compensatory and punitive damages, as well as attorney’s fees and costs. The Company is vigorously defending this claim. 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 $ 540,000 540,000 100,000 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. PARKS! AMERICA, INC. and SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED) July 2, 2023

BUSINESS SEGMENTS

BUSINESS SEGMENTS	9 Months Ended
	Jul. 02, 2023
Segment Reporting [Abstract]
BUSINESS SEGMENTS	NOTE 9. 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: SCHEDULE OF REVENUE BY REPORTING SEGMENTS For the three months ended For the nine months ended July 2, 2023 July 3, 2022 July 2, 2023 July 3, 2022 Total revenues: Georgia $ 1,713,536 $ 2,517,848 $ 4,103,132 $ 5,166,869 Missouri 570,888 537,189 1,061,480 1,040,003 Texas 565,708 589,288 1,422,364 1,468,785 Consolidated $ 2,850,132 $ 3,644,325 $ 6,586,976 $ 7,675,657 Total revenues $ 2,850,132 $ 3,644,325 $ 6,586,976 $ 7,675,657 Income (loss) before income taxes: Georgia $ 629,989 $ 1,286,953 $ 1,130,854 $ 2,068,758 Missouri 94,662 76,589 (182,039 ) (498,443 ) Texas 12,512 (48,695 ) (213,366 ) (210,087 ) Segment total 737,163 1,314,847 735,449 1,360,228 Corporate (308,319 ) (193,461 ) (929,786 ) (734,493 ) Tornado expenses and write-offs, net (268,776 ) - 363,596 - Legal settlement - 100,000 - 100,000 Other income, net 3,429 22,030 64,708 68,322 Interest expense (54,514 ) (65,804 ) (169,739 ) (202,475 ) Consolidated $ 646,535 $ 977,612 $ (662,964 ) $ 391,582 Income (loss) before income taxes $ 646,535 $ 977,612 $ (662,964 ) $ 391,582 As of July 2, 2023 October 2, 2022 Total assets: Georgia $ 8,445,755 $ 9,402,877 Missouri 3,169,692 3,468,730 Texas 7,957,349 8,074,421 Corporate 696,548 157,578 Consolidated $ 20,269,344 $ 21,103,606 Total assets $ 20,269,344 $ 21,103,606

FAIR VALUE MEASUREMENTS

FAIR VALUE MEASUREMENTS	9 Months Ended
	Jul. 02, 2023
Fair Value Disclosures [Abstract]
FAIR VALUE MEASUREMENTS	NOTE 10. FAIR VALUE MEASUREMENTS As of July 2, 2023 and October 2, 2022, the fair value of our long-term debt was $ 4.03 million and $ 4.61 million, respectively. The measurement of the fair value of long-term debt is based upon inquiries of the financial institutions holding the respective loans and is considered a Level 2 fair value measurement. The respective carrying values of cash, accounts receivable, accounts payable, and accrued liabilities approximate fair value because of the short maturity of these instruments.

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	9 Months Ended
	Jul. 02, 2023
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	NOTE 11. SUBSEQUENT EVENTS The Company has analyzed its operations subsequent to July 2, 2023 to the date these financial statements were issued and has determined no material subsequent events have occurred from the date of these unaudited consolidated financial statements.

SIGNIFICANT ACCOUNTING POLICI_2

SIGNIFICANT ACCOUNTING POLICIES (Policies)	9 Months Ended
	Jul. 02, 2023
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation
Principles of Consolidation	Principles of Consolidation
Accounting Method	Accounting Method
Estimates and Assumptions	Estimates and Assumptions
Fiscal Year End	Fiscal Year End
Financial and Concentrations Risk	Financial and Concentrations Risk PARKS! AMERICA, INC. and SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED) July 2, 2023 NOTE 2. SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)
Fair Value	Fair Value
Accounts Receivable	Accounts Receivable 673,956 4,405 587,253
Inventory	Inventory 469,343 541,986
Property and Equipment	Property and Equipment : Property and equipment are stated at cost. Depreciation is computed on the straight-line method over the estimated useful lives of the assets, which range from three to thirty-nine years. A summary is included below. SCHEDULE OF PROPERTY, PLANT AND EQUIPMENT July 2, 2023 October 2, 2022 Depreciable Lives Land $ 6,389,470 $ 6,389,470 not applicable Mineral rights 276,000 276,000 25 Ground improvements 2,980,253 2,797,694 7 25 Buildings and structures 3,801,962 3,922,106 10 39 Animal shelters and habitats 3,222,539 2,479,832 10 39 Park animals 1,347,265 1,247,777 5 25 Equipment - concession and related 523,342 464,988 3 15 Equipment and vehicles - yard and field 810,029 766,149 3 15 Vehicles - buses and rental 304,993 267,483 3 5 Rides and entertainment 177,155 106,247 5 7 Furniture and fixtures 27,160 28,694 5 10 Projects in process 591,133 808,526 Property and equipment, cost 20,451,301 19,554,966 Less accumulated depreciation (5,053,855 ) (4,743,224 ) Property and equipment, net $ 15,397,446 $ 14,811,742 Depreciation expense for the three months ended July 2, 2023 and July 3, 2022 totaled $ 217,640 192,300 635,306 574,400
Intangible Assets	Intangible Assets 4,484 275 13,451 825 PARKS! AMERICA, INC. and SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED) July 2, 2023 NOTE 2. SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)
Impairment of Long-Lived Assets	Impairment of Long-Lived Assets During the nine months period ended July 2, 2023 the Company recorded long-lived asset impairment charges of $ 271,424
Other Current Liabilities	Other Current Liabilities : The following is a breakdown of other current liabilities: SCHEDULE OF OTHER CURRENT LIABILITIES July 2, 2023 October 2, 2022 Deferred revenue $ 186,499 $ 193,912 Accrued wages and payroll taxes 83,732 122,265 Accrued sales taxes 65,766 49,123 Accrued property taxes 35,918 46,814 Other accrued liabilities 91,818 109,758 Other current liabilities $ 463,733 $ 521,872
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 revenues for annual passes and memberships are deferred and recognized as revenue on a pro-rata basis over the term of the pass or membership. Park admission fee revenues from advance online ticket purchases are deferred until the customers’ visit to the parks. Advance online tickets can generally be used anytime during the one year period from the date of purchase. 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, and season passes and memberships were $ 186,499 193,912 The Company periodically sells surplus animals created from the natural breeding process that occurs within the parks. Animal sales are reported as a separate revenue line item. Animal sales are recognized at a point in time when control transfers to the customer, which is generally determined when title, ownership and risk of loss pass to the customer, all of which generally occurs upon delivery of the animal. Based on the Company’s assessment of control indicators, sales are recognized when animals are delivered to the customer. The Company provides disaggregation of revenue based on geography in “ Note 9: Business Segments PARKS! AMERICA, INC. and SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED) July 2, 2023 NOTE 2. SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)
Advertising and Marketing Costs	Advertising and Marketing Costs 341,398 384,025 830,141 949,145
Leases	Leases Leases In October 2021, the Company entered a financing lease for certain property related to a Christmas Lights drive through display at its Missouri Park. Effective September 27, 2022, the Company terminated this financing lease, acquiring the leased property related to the Christmas Lights display for $ 85,000 2,011 3,016 154,831 8,043
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 no
Income Taxes	Income Taxes PARKS! AMERICA, INC. and SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED) July 2, 2023 NOTE 2. SIGNIFICANT ACCOUNTING POLICIES (CONTINUED) Income Taxes (continued): No
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.
Dividend Policy	Dividend Policy
Recent Accounting Pronouncements	Recent Accounting Pronouncements Credit Losses – Financial Instruments In June 2016, the FASB issued Accounting Standards Update (“ASU”) 2016-13, Financial Instruments – Credit Losses (Topic 326) 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.

SIGNIFICANT ACCOUNTING POLICI_3

SIGNIFICANT ACCOUNTING POLICIES (Tables)	9 Months Ended
	Jul. 02, 2023
Accounting Policies [Abstract]
SCHEDULE OF PROPERTY, PLANT AND EQUIPMENT	SCHEDULE OF PROPERTY, PLANT AND EQUIPMENT July 2, 2023 October 2, 2022 Depreciable Lives Land $ 6,389,470 $ 6,389,470 not applicable Mineral rights 276,000 276,000 25 Ground improvements 2,980,253 2,797,694 7 25 Buildings and structures 3,801,962 3,922,106 10 39 Animal shelters and habitats 3,222,539 2,479,832 10 39 Park animals 1,347,265 1,247,777 5 25 Equipment - concession and related 523,342 464,988 3 15 Equipment and vehicles - yard and field 810,029 766,149 3 15 Vehicles - buses and rental 304,993 267,483 3 5 Rides and entertainment 177,155 106,247 5 7 Furniture and fixtures 27,160 28,694 5 10 Projects in process 591,133 808,526 Property and equipment, cost 20,451,301 19,554,966 Less accumulated depreciation (5,053,855 ) (4,743,224 ) Property and equipment, net $ 15,397,446 $ 14,811,742
SCHEDULE OF OTHER CURRENT LIABILITIES	SCHEDULE OF OTHER CURRENT LIABILITIES July 2, 2023 October 2, 2022 Deferred revenue $ 186,499 $ 193,912 Accrued wages and payroll taxes 83,732 122,265 Accrued sales taxes 65,766 49,123 Accrued property taxes 35,918 46,814 Other accrued liabilities 91,818 109,758 Other current liabilities $ 463,733 $ 521,872

LONG-TERM DEBT (Tables)

LONG-TERM DEBT (Tables)	9 Months Ended
	Jul. 02, 2023
Debt Disclosure [Abstract]
SCHEDULE OF OUTSTANDING LONG-TERM DEBT	The following table represents the aggregate of the Company’s outstanding long-term debt: SCHEDULE OF OUTSTANDING LONG-TERM DEBT As of July 2, 2023 October 2, 2022 Loan principal outstanding $ 4,458,964 $ 5,010,136 Less: unamortized debt financing costs (45,502 ) (49,915 ) Gross long-term debt 4,413,462 4,960,221 Less current portion of long-term debt, net of unamortized costs and discount (758,724 ) (732,779 ) Long-term debt $ 3,654,738 $ 4,227,442
SCHEDULE OF MATURITIES OF LONG-TERM DEBT	As of July 2, 2023, the scheduled future principal maturities of the Company’s long-term debt by fiscal year are as follows: SCHEDULE OF MATURITIES OF LONG-TERM DEBT 2023 $ 187,452 2024 773,561 2025 810,137 2026 848,473 2027 888,654 thereafter 950,687 Total $ 4,458,964

BUSINESS SEGMENTS (Tables)

BUSINESS SEGMENTS (Tables)	9 Months Ended
	Jul. 02, 2023
Segment Reporting [Abstract]
SCHEDULE OF REVENUE BY REPORTING SEGMENTS	The following tables present financial information regarding each of the Company’s reportable segments: SCHEDULE OF REVENUE BY REPORTING SEGMENTS For the three months ended For the nine months ended July 2, 2023 July 3, 2022 July 2, 2023 July 3, 2022 Total revenues: Georgia $ 1,713,536 $ 2,517,848 $ 4,103,132 $ 5,166,869 Missouri 570,888 537,189 1,061,480 1,040,003 Texas 565,708 589,288 1,422,364 1,468,785 Consolidated $ 2,850,132 $ 3,644,325 $ 6,586,976 $ 7,675,657 Total revenues $ 2,850,132 $ 3,644,325 $ 6,586,976 $ 7,675,657 Income (loss) before income taxes: Georgia $ 629,989 $ 1,286,953 $ 1,130,854 $ 2,068,758 Missouri 94,662 76,589 (182,039 ) (498,443 ) Texas 12,512 (48,695 ) (213,366 ) (210,087 ) Segment total 737,163 1,314,847 735,449 1,360,228 Corporate (308,319 ) (193,461 ) (929,786 ) (734,493 ) Tornado expenses and write-offs, net (268,776 ) - 363,596 - Legal settlement - 100,000 - 100,000 Other income, net 3,429 22,030 64,708 68,322 Interest expense (54,514 ) (65,804 ) (169,739 ) (202,475 ) Consolidated $ 646,535 $ 977,612 $ (662,964 ) $ 391,582 Income (loss) before income taxes $ 646,535 $ 977,612 $ (662,964 ) $ 391,582 As of July 2, 2023 October 2, 2022 Total assets: Georgia $ 8,445,755 $ 9,402,877 Missouri 3,169,692 3,468,730 Texas 7,957,349 8,074,421 Corporate 696,548 157,578 Consolidated $ 20,269,344 $ 21,103,606 Total assets $ 20,269,344 $ 21,103,606

ORGANIZATION (Details Narrative

ORGANIZATION (Details Narrative)	9 Months Ended
	Jul. 02, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Date of incorporation	Jul. 30, 1954
Incorporation state code	NV

SCHEDULE OF PROPERTY, PLANT AND

SCHEDULE OF PROPERTY, PLANT AND EQUIPMENT (Details) - USD ($)	Jul. 02, 2023	Oct. 02, 2022
Property, Plant and Equipment [Line Items]
Property and equipment, cost	$ 20,451,301	$ 19,554,966
Property, Plant, and Equipment, Useful Life, Term, Description [Extensible Enumeration]	Land [Member]
Less accumulated depreciation	$ (5,053,855)	(4,743,224)
Property and equipment, net	15,397,446	14,811,742
Land [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, cost	6,389,470	6,389,470
Mineral Rights [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, cost	$ 276,000	276,000
Property and equipment, estimated useful lives	25 years
Land Improvements [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, cost	$ 2,980,253	2,797,694
Land Improvements [Member] | Minimum [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, estimated useful lives	7 years
Land Improvements [Member] | Maximum [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, estimated useful lives	25 years
Building [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, cost	$ 3,801,962	3,922,106
Building [Member] | Minimum [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, estimated useful lives	10 years
Building [Member] | Maximum [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, estimated useful lives	39 years
Animal Shelters and Habitats [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, cost	$ 3,222,539	2,479,832
Animal Shelters and Habitats [Member] | Minimum [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, estimated useful lives	10 years
Animal Shelters and Habitats [Member] | Maximum [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, estimated useful lives	39 years
Park Animals [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, cost	$ 1,347,265	1,247,777
Park Animals [Member] | Minimum [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, estimated useful lives	5 years
Park Animals [Member] | Maximum [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, estimated useful lives	25 years
Equipment - Concession and Related [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, cost	$ 523,342	464,988
Equipment - Concession and Related [Member] | Minimum [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, estimated useful lives	3 years
Equipment - Concession and Related [Member] | Maximum [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, estimated useful lives	15 years
Equipment and Vehicles - Yard and Field [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, cost	$ 810,029	766,149
Equipment and Vehicles - Yard and Field [Member] | Minimum [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, estimated useful lives	3 years
Equipment and Vehicles - Yard and Field [Member] | Maximum [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, estimated useful lives	15 years
Vehicles - Buses and Rental [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, cost	$ 304,993	267,483
Vehicles - Buses and Rental [Member] | Minimum [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, estimated useful lives	3 years
Vehicles - Buses and Rental [Member] | Maximum [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, estimated useful lives	5 years
Rides and Entertainment [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, cost	$ 177,155	106,247
Rides and Entertainment [Member] | Minimum [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, estimated useful lives	5 years
Rides and Entertainment [Member] | Maximum [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, estimated useful lives	7 years
Furniture and Fixtures [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, cost	$ 27,160	28,694
Furniture and Fixtures [Member] | Minimum [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, estimated useful lives	5 years
Furniture and Fixtures [Member] | Maximum [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, estimated useful lives	10 years
Projects in Process [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, cost	$ 591,133	$ 808,526

SCHEDULE OF OTHER CURRENT LIABI

SCHEDULE OF OTHER CURRENT LIABILITIES (Details) - USD ($)	Jul. 02, 2023	Oct. 02, 2022
Accounting Policies [Abstract]
Deferred revenue	$ 186,499	$ 193,912
Accrued wages and payroll taxes	83,732	122,265
Accrued sales taxes	65,766	49,123
Accrued property taxes	35,918	46,814
Other accrued liabilities	91,818	109,758
Other current liabilities	$ 463,733	$ 521,872

SIGNIFICANT ACCOUNTING POLICI_4

SIGNIFICANT ACCOUNTING POLICIES (Details Narrative) - USD ($)		3 Months Ended		9 Months Ended
	Sep. 27, 2022	Jul. 02, 2023	Jul. 03, 2022	Jul. 02, 2023	Jul. 03, 2022	Oct. 02, 2022	Feb. 01, 2005
Lessee, Lease, Description [Line Items]
Accounts receivable		$ 673,956		$ 673,956		$ 4,405
Accounts receivable insurance recovery proceeds		587,253		587,253
Inventory		469,343		469,343		541,986
Depreciation expenses		217,640	$ 192,300	635,306	$ 574,400
Amortization of intangible assets		4,484	275	13,451	825
Impairment charges of long-lived assets				271,424
Deferred revenue		186,499		186,499		193,912
Advertising and marketing expense		341,398	384,025	830,141	949,145
Financing lease interest expense			$ 3,016		8,043
Amortization of right of use asset					$ 154,831
Stock options, number of shares authorized							5,000,000
Stock options, number of shares grants							0
Unrecognized tax benefits, penalties and interest accrued		$ 0		$ 0		$ 0
Christmas Lights Display [Member]
Lessee, Lease, Description [Line Items]
Payment to acquire equipment on lease	$ 85,000
Gain on termination of lease	$ 2,011

TORNADO EXPENSES AND ASSET WR_2

TORNADO EXPENSES AND ASSET WRITE-OFFS (Details Narrative) - USD ($)		9 Months Ended
	Jul. 24, 2023	Jul. 02, 2023	Jul. 03, 2022	Oct. 01, 2023	Mar. 27, 2023	Mar. 26, 2023
Subsequent Event [Line Items]
Annual revenue, percentage					15%	10%
Tornado related expenses		$ 779,425
Tornado asset writeoffs		271,424
Investments		549,383
Portion of anticipated damage proceeds received		$ 687,253
Subsequent Event [Member]
Subsequent Event [Line Items]
Investments				$ 185,000
Portion of anticipated damage proceeds received	$ 587,253

SCHEDULE OF OUTSTANDING LONG-TE

SCHEDULE OF OUTSTANDING LONG-TERM DEBT (Details) - USD ($)	Jul. 02, 2023	Oct. 02, 2022
Debt Disclosure [Abstract]
Loan principal outstanding	$ 4,458,964	$ 5,010,136
Less: unamortized debt financing costs	(45,502)	(49,915)
Gross long-term debt	4,413,462	4,960,221
Less current portion of long-term debt, net of unamortized costs and discount	(758,724)	(732,779)
Long-term debt	$ 3,654,738	$ 4,227,442

SCHEDULE OF MATURITIES OF LONG-

SCHEDULE OF MATURITIES OF LONG-TERM DEBT (Details)	Jul. 02, 2023 USD ($)
Debt Disclosure [Abstract]
2023	$ 187,452
2024	773,561
2025	810,137
2026	848,473
2027	888,654
thereafter	950,687
Total	$ 4,458,964

LONG-TERM DEBT (Details Narrati

LONG-TERM DEBT (Details Narrative) - USD ($)				1 Months Ended	3 Months Ended		9 Months Ended
	Jun. 30, 2021	Jun. 18, 2021	Apr. 27, 2020	May 31, 2021	Jul. 02, 2023	Jul. 03, 2022	Jul. 02, 2023	Jul. 03, 2022
Short-Term Debt [Line Items]
Debt instrument periodic payment							$ 4,416	$ 4,416
Long-term debt					$ 4,458,964		4,458,964
Interest expense debt					54,514	$ 65,804	169,739	202,475
Interest expense debt financing cost amortization					1,472	1,472	4,416	4,416
Finance lease interest expense						$ 3,016		$ 8,043
2021 Term Loan [Member]
Short-Term Debt [Line Items]
Debt instrument, issuance date		Jun. 18, 2021
Debt instrument, face amount		$ 1,950,000
Debt instrument, interest rate		3.75%
Periodic payment description		payable in monthly installments
Debt instrument periodic payment		$ 26,480
Debt instrument, maturity date		Jun. 18, 2028
Debt instrument, fee amount		$ 1,514
Long-term debt					1,450,000		1,450,000
2020 Term Loan [Member]
Short-Term Debt [Line Items]
Debt instrument, issuance date			Jul. 27, 2020
Debt instrument, face amount			$ 5,000,000
Debt instrument, interest rate			5%
Debt instrument periodic payment				$ 53,213
Debt instrument, maturity date			Jul. 27, 2031
Debt instrument, fee amount			$ 62,375
Long-term debt					$ 3,010,000		$ 3,010,000
Proceeds from 2021 term loan	$ 903,222
Prepayment of 2020 term loan	$ 1,000,000

STOCKHOLDERS_ EQUITY (Details N

STOCKHOLDERS’ EQUITY (Details Narrative) - USD ($)					3 Months Ended			6 Months Ended
	Mar. 09, 2023	Feb. 14, 2023	Feb. 02, 2023	Dec. 13, 2021	Jul. 02, 2023	Apr. 03, 2022	Jan. 02, 2022	Apr. 02, 2023	Nov. 14, 2023
Deferred Compensation Arrangement with Individual, Excluding Share-Based Payments and Postretirement Benefits [Line Items]
Annual compensation award description			On February 2, 2023, the Company declared its annual compensation award to seven directors for their service on the Board of Directors. Seven directors were awarded $10,000 each and three directors received a total of $10,000 for serving as committee chairpersons and as a non-employee officer, with such compensation to be paid all in shares of the Company’s common stock, all in cash or a combination thereof, at each director’s election. Five directors elected to receive all shares, one director elected to receive 60% in shares and 40% in cash, and one director elected all cash. Based on the closing stock price of $0.40 per share on February 2, 2023, a total of 162,500 shares were issued on March 9, 2023. The total compensation award cost of $80,000 was reported as an expense in the three month period ended July 2, 2023.
Annual compensation award to each director
Officers Directors and Controlled Entities [Member]
Deferred Compensation Arrangement with Individual, Excluding Share-Based Payments and Postretirement Benefits [Line Items]
Percentage of outstanding common stock owned					53.80%
Brady Employment Agreement [Member]
Deferred Compensation Arrangement with Individual, Excluding Share-Based Payments and Postretirement Benefits [Line Items]
Stock price									$ 0.39
Seven Directors [Member]
Deferred Compensation Arrangement with Individual, Excluding Share-Based Payments and Postretirement Benefits [Line Items]
Annual compensation award description				On December 13, 2021, the Company declared its annual compensation award to seven directors for their service on the Board of Directors. Five directors were awarded $10,000 each, two new directors were awarded $2,222 each, and two directors received a total of $7,500 for serving as committee chairpersons and as a non-employee officer, with such compensation to be paid all in shares of the Company’s common stock, all in cash or a combination thereof, at each director’s election. Five directors elected to receive all shares, one director elected to receive 60% in shares and 40% in cash, and one director elected all cash. Based on the closing stock price of $0.553 per share on December 13, 2021, a total of 84,888 shares were issued on February 21, 2022. The total compensation award cost of $61,944 was reported as an expense in the three month period ended January 2, 2022.
Annual compensation award to each director			$ 10,000
Stock price			$ 0.40	$ 0.553
Shares issued for annual compensation award	162,500
Three Directors [Member]
Deferred Compensation Arrangement with Individual, Excluding Share-Based Payments and Postretirement Benefits [Line Items]
Annual compensation award to each director			$ 10,000
Director [Member]
Deferred Compensation Arrangement with Individual, Excluding Share-Based Payments and Postretirement Benefits [Line Items]
Compensation expense					$ 80,000		$ 61,944
Chief Executive Officer [Member] | Brady Employment Agreement [Member]
Deferred Compensation Arrangement with Individual, Excluding Share-Based Payments and Postretirement Benefits [Line Items]
Number of shares		128,205
Compensation award cost expense								$ 50,000
Five Directors [Member]
Deferred Compensation Arrangement with Individual, Excluding Share-Based Payments and Postretirement Benefits [Line Items]
Annual compensation award to each director				$ 10,000
Two New Directors [Member]
Deferred Compensation Arrangement with Individual, Excluding Share-Based Payments and Postretirement Benefits [Line Items]
Annual compensation award to each director				2,222
Non Director Officer [Member]
Deferred Compensation Arrangement with Individual, Excluding Share-Based Payments and Postretirement Benefits [Line Items]
Annual compensation award to each director				$ 10,000
Stock price				$ 0.553
Shares issued for annual compensation award				18,083
Compensation expense							$ 10,000

SIGNIFICANT TRANSACTIONS WITH_2

SIGNIFICANT TRANSACTIONS WITH RELATED PARTIES (Details Narrative) - USD ($)					3 Months Ended			9 Months Ended	12 Months Ended
	Feb. 14, 2023	Nov. 14, 2022	Jun. 01, 2022	Jan. 01, 2022	Jul. 02, 2023	Apr. 02, 2023	Apr. 03, 2022	Jul. 02, 2023	May 31, 2024	May 31, 2023	Nov. 14, 2023
Related Party Transaction [Line Items]
Number of shares, value					$ 50,000	$ 65,000	$ 56,903
Without Cause [Member]
Related Party Transaction [Line Items]
Severance compensation								$ 270,833
Change in Control [Member]
Related Party Transaction [Line Items]
Severance compensation								360,833
Disability and Death [Member]
Related Party Transaction [Line Items]
Severance compensation								$ 157,500
2022 Van Voorhis Employment Agreement [Member]
Related Party Transaction [Line Items]
Related party transaction, date			Jun. 01, 2022
Initial base annual compensation										$ 100,000
2022 Van Voorhis Employment Agreement [Member] | Forecast [Member]
Related Party Transaction [Line Items]
Initial base annual compensation									$ 50,000
2022 White Employment Agreement [Member]
Related Party Transaction [Line Items]
Related party transaction, date				Jan. 01, 2022
Initial base annual compensation				$ 90,000
Employee agreement term				2 years
Common Stock [Member]
Related Party Transaction [Line Items]
Number of shares, value					$ 128	$ 163	$ 103
Brady Employment Agreement [Member]
Related Party Transaction [Line Items]
Related party transaction, date		Nov. 14, 2022
Related party transaction, description of transaction		Company and Ms. Brady, entered into an employment agreement (the “Brady Employment Agreement”).
Initial base annual compensation		$ 175,000
Percentage of annual performance incentive		25%
Revenue remaining performance obligation		$ 50,000
Number of shares		128,205
Share price											$ 0.39
Sign on bonus		$ 5,000
Employee agreement term		5 years
Brady Employment Agreement [Member] | Common Stock [Member]
Related Party Transaction [Line Items]
Number of shares, value	$ 50,000
Brady Employment Agreement [Member] | Common Stock One [Member]
Related Party Transaction [Line Items]
Number of shares, value	60,000
Brady Employment Agreement [Member] | Common Stock Two [Member]
Related Party Transaction [Line Items]
Number of shares, value	70,000
Brady Employment Agreement [Member] | Common Stock Three [Member]
Related Party Transaction [Line Items]
Number of shares, value	$ 75,000

INCOME TAXES (Details Narrative

INCOME TAXES (Details Narrative) - USD ($)	3 Months Ended		9 Months Ended
	Jul. 02, 2023	Jul. 03, 2022	Jul. 02, 2023	Jul. 03, 2022
Operating Loss Carryforwards [Line Items]
Pre-tax income (loss)	$ 646,535	$ 977,612	$ (662,964)	$ 391,582
Income Tax Expense (Benefit)	$ 134,500	$ 258,900	(175,900)	146,500
Domestic Tax Authority [Member]
Operating Loss Carryforwards [Line Items]
Income Tax Expense (Benefit)			(157,000)	70,300
State of Georgia [Member]
Operating Loss Carryforwards [Line Items]
Income Tax Expense (Benefit)			$ (18,900)	$ 76,200

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Details Narrative) - USD ($)	Aug. 05, 2022	Feb. 17, 2021
Loss Contingencies [Line Items]
Payment to plaintiffs	$ 100,000
Insurance Claims [Member]
Loss Contingencies [Line Items]
Purchase at least life insurance		$ 540,000
Damages sought, value		$ 540,000

SCHEDULE OF REVENUE BY REPORTIN

SCHEDULE OF REVENUE BY REPORTING SEGMENTS (Details) - USD ($)	3 Months Ended		9 Months Ended
	Jul. 02, 2023	Jul. 03, 2022	Jul. 02, 2023	Jul. 03, 2022	Oct. 02, 2022
Segment Reporting Information [Line Items]
Total revenues	$ 2,850,132	$ 3,644,325	$ 6,586,976	$ 7,675,657
Income (loss) before income taxes	646,535	977,612	(662,964)	391,582
Tornado expenses and write-offs, net	(268,776)		363,596
Legal settlement		100,000		100,000
Other income, net	3,429	22,030	64,708	68,322
Interest expense	(54,514)	(65,804)	(169,739)	(202,475)
Total assets	20,269,344		20,269,344		$ 21,103,606
Georgia [Member]
Segment Reporting Information [Line Items]
Total revenues	1,713,536	2,517,848	4,103,132	5,166,869
Income (loss) before income taxes	629,989	1,286,953	1,130,854	2,068,758
Total assets	8,445,755		8,445,755		9,402,877
Missouri [Member]
Segment Reporting Information [Line Items]
Total revenues	570,888	537,189	1,061,480	1,040,003
Income (loss) before income taxes	94,662	76,589	(182,039)	(498,443)
Total assets	3,169,692		3,169,692		3,468,730
Texas [Member]
Segment Reporting Information [Line Items]
Total revenues	565,708	589,288	1,422,364	1,468,785
Income (loss) before income taxes	12,512	(48,695)	(213,366)	(210,087)
Total assets	7,957,349		7,957,349		8,074,421
Segment Total [Member]
Segment Reporting Information [Line Items]
Income (loss) before income taxes	737,163	1,314,847	735,449	1,360,228
Corporate Segment [Member]
Segment Reporting Information [Line Items]
Income (loss) before income taxes	(308,319)	$ (193,461)	(929,786)	$ (734,493)
Total assets	$ 696,548		$ 696,548		$ 157,578

FAIR VALUE MEASUREMENTS (Detail

FAIR VALUE MEASUREMENTS (Details Narrative) - USD ($) $ in Thousands	Jul. 02, 2023	Oct. 02, 2022
Fair Value Disclosures [Abstract]
Long-Term Debt, Fair Value	$ 4,030	$ 4,610