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Consolidated Balance Sheets (Unaudited) - USD ($)
Mar. 30, 2025
Sep. 29, 2024
ASSETS    
Cash and cash equivalents $ 1,973,551 $ 2,489,294
Short-term investments 835,074
Accounts receivable 33,311 63,784
Inventory 404,337 372,401
Prepaid expenses 197,769 396,308
Total current assets 2,608,968 4,156,861
Property and equipment, net 15,469,192 14,829,612
Intangible assets, net 27,005 33,011
Deferred tax asset, net 153,112 156,012
Other assets 12,676 18,575
TOTAL ASSETS 18,270,953 19,194,071
Current liabilities    
Accounts payable 500,402 1,281,966
Other current liabilities 505,307 466,155
Current portion of long-term debt, net 387,673 809,892
Total current liabilities 1,393,382 2,558,013
Long-term debt, net 2,984,065 2,687,831
TOTAL LIABILITIES 4,377,447 5,245,844
STOCKHOLDERS’ EQUITY    
Preferred stock, par value $.001 – authorized: 10,000,000 shares; zero shares issued and outstanding, respectively
Common stock, par value $.001 – authorized: 300,000,000 shares; issued and outstanding: 757,270 and 757,270 shares, respectively [1] 757 757
Capital in excess of par 5,234,732 5,234,732
Retained earnings 8,658,017 8,712,738
TOTAL STOCKHOLDERS’ EQUITY 13,893,506 13,948,227
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 18,270,953 $ 19,194,071
[1] Amounts have been adjusted to reflect the Reverse/Forward Stock Split that became effective on April 30, 2025. See Note 6, Stockholders Equity and Note 10, Subsequent Events for further information about the Reverse/Forward Stock Split.