Note 15 - Subsequent Events

12 Months Ended

Jan. 26, 2015

Notes to Financial Statements

Subsequent Events [Text Block]

NOTE 15—

SUBSEQUENT EVENTS

On March 2, 2015, the Company sold the former Whistle Junction Restaurant in Titusville, Florida. Net proceeds of $1,044,000 from this sale were paid pursuant to the Company’s reorganization plan that was approved by the Bankruptcy Court.

On April 24, 2015, the Company sold the BuddyFreddys Restaurant in Plant City, Florida. Net proceeds of $669,000 from this sale were paid pursuant to the Company’s reorganization plan that was approved by the Bankruptcy Court.

On June 1, 2015 the Company opened a JB’s Restaurant in Evanston, Wyoming.

On June 15, 2015 the Company opened a 4 Aces in Lewistown, Montana.

On August 1, 2015 the Company opened a JB’s Restaurant in Kingman, Arizona.

On November 18, 2015 the Company opened the Original 4B’s Café in Deer Lodge, Montana.

On April 18, 2016 the Company purchased property in Missoula, Montana. The Company intends to open a 4B’s restaurant.

On May 3, 2016 the Company opened a Whistle Junction restaurant in Keystone, South Dakota.

On May 16, 2016 the Company opened a Finnegan’s Restaurant in Kalispell, Montana.

On June 1, 2016 the Company leased property in Billings, Montana. The Company intends to open a 4B’s restaurant.