TORNADO EXPENSES AND ASSET WRITE-OFFS

12 Months Ended

Sep. 28, 2025

Tornado Expenses And Asset Write-offs

TORNADO EXPENSES AND ASSET WRITE-OFFS

NOTE 4. TORNADO EXPENSES AND ASSET WRITE-OFFS

In March 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 animal enclosures, fencing and other park infrastructure. The walkabout adventure zoo 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 accounted for approximately 10%-15% of the Georgia Park’s annual revenue. The drive-through safari section of the Georgia Park reopened on April 15, 2023. The walkabout adventure zoo portion of the park reopened in phases, starting with the first phase on May 2, 2023.

As part of the severe weather and tornado damage rebuilding projects, the Company completed capital expenditures of approximately $60,000 and incurred approximately $197,000 for construction in progress of the restroom facility replacement during the year ended September 29, 2024. The Company incurred approximately $594,000 of additional capital expenditures to complete the restroom facility replacement during the year ended September 28, 2025. The restroom facility was placed in service in February 2025 right before the start of the busy Spring Break period.

While no severe weather and tornado related expenses or asset write-offs were recorded during the year ended September 29, 2024, the Company received the final insurance proceeds of $53,755.

PARKS! AMERICA, INC. and SUBSIDIARIES

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

September 28, 2025 and September 29, 2024