|
|
|
(State or other jurisdiction of incorporation or organization)
|
(I.R.S. Employer Identification No.)
|
Title of each class
|
Trading Symbol
|
Name of each exchange on which registered
|
|
|
|
Large accelerated filer ☐
|
|
|
Accelerated filer ☐
|
Smaller reporting company
|
|
Emerging growth company
|
2
|
|
2
|
|
6
|
|
16 | |
25 | |
28 |
|
28 |
|
28 |
|
28 | |
30 | |
32 |
Item 1. |
Condensed Consolidated Financial Statements.
|
September 30, | December 31, | |||||||
2023
|
2022
|
|||||||
(Unaudited) | ||||||||
ASSETS
|
||||||||
CURRENT ASSETS:
|
||||||||
Cash and cash equivalents
|
$
|
|
$
|
|
||||
Accounts receivable-trade, net of allowance for doubtful accounts of $
|
|
|
||||||
Inventory
|
|
|
||||||
Income tax receivable
|
|
|
||||||
Prepaid expenses
|
|
|
||||||
Other current assets
|
|
|
||||||
Total current assets
|
|
|
||||||
Property and equipment, at cost
|
|
|
||||||
Less accumulated depreciation
|
(
|
)
|
(
|
)
|
||||
Property and equipment, net
|
|
|
||||||
Operating lease assets
|
|
|
||||||
Financing lease assets
|
|
|
||||||
Other intangibles, net of accumulated amortization of $
|
|
|
||||||
Other assets
|
|
|
||||||
TOTAL ASSETS
|
$
|
|
$
|
|
||||
LIABILITIES AND STOCKHOLDERS’ EQUITY
|
||||||||
CURRENT LIABILITIES:
|
||||||||
Accounts payable-trade
|
$
|
|
$
|
|
||||
Accrued expenses and other liabilities
|
|
|
||||||
Income taxes payable |
||||||||
Current portion of operating lease liabilities
|
|
|
||||||
Current portion of finance lease liabilities
|
|
|
||||||
Total current liabilities
|
|
|
||||||
Uncertain tax positions
|
|
|
||||||
Other non-current liabilities
|
|
|
||||||
Operating lease liabilities, non-current
|
|
|
||||||
Finance lease liabilities, non-current
|
|
|
||||||
COMMITMENTS AND CONTINGENCIES (Note 6)
|
||||||||
STOCKHOLDERS’ EQUITY:
|
||||||||
Common stock, $
|
|
|
||||||
Paid-in capital
|
|
|
||||||
Retained earnings
|
|
|
||||||
Treasury stock at cost (
|
(
|
)
|
(
|
)
|
||||
Accumulated other comprehensive loss, net of tax
|
(
|
)
|
(
|
)
|
||||
Total stockholders’ equity
|
|
|
||||||
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY
|
$
|
|
$
|
|
Three Months Ended September 30,
|
Nine Months Ended September 30, | |||||||||||||||
2023
|
2022
|
2023 |
2022 |
|||||||||||||
Net sales
|
$
|
|
$
|
|
$ | $ | ||||||||||
Cost of sales
|
|
|
||||||||||||||
Gross profit
|
|
|
||||||||||||||
Operating expenses
|
|
|
||||||||||||||
Income from operations
|
|
|
||||||||||||||
Other (income) expense:
|
||||||||||||||||
Interest expense
|
|
|
||||||||||||||
Other, net
|
|
(
|
)
|
|||||||||||||
Total other expense (income)
|
|
(
|
)
|
|||||||||||||
Income before income taxes
|
|
|
||||||||||||||
Provision for income taxes
|
|
|
||||||||||||||
Net Income
|
$
|
|
$
|
|
$ | $ | ||||||||||
Foreign currency translation adjustments, net of tax
|
(
|
)
|
(
|
)
|
( |
) | ( |
) | ||||||||
Comprehensive income
|
$
|
|
$
|
|
$ | $ | ||||||||||
Net income per common share:
|
||||||||||||||||
Basic
|
$
|
|
$
|
|
$ | $ | ||||||||||
Diluted
|
$
|
|
$
|
|
$ | $ | ||||||||||
Weighted average number of shares outstanding:
|
||||||||||||||||
Basic
|
|
|
||||||||||||||
Diluted
|
|
|
For the Nine Months Ended September 30,
|
||||||||
2023
|
2022
|
|||||||
Cash flows from operating activities:
|
||||||||
Net income
|
$
|
|
$
|
|
||||
Adjustments to reconcile net loss to net cash provided by operating activities:
|
||||||||
Depreciation and amortization
|
|
|
||||||
Operating lease asset amortization
|
|
|
||||||
Loss on disposal of assets |
||||||||
Stock-based compensation
|
|
|
||||||
Deferred income taxes
|
(
|
)
|
(
|
)
|
||||
Changes in operating assets and liabilities
|
||||||||
Accounts receivable-trade
|
|
|
||||||
Inventory
|
(
|
)
|
(
|
)
|
||||
Prepaid expenses
|
|
(
|
)
|
|||||
Other current assets
|
|
(
|
)
|
|||||
Accounts payable-trade
|
(
|
)
|
(
|
)
|
||||
Accrued expenses and other liabilities
|
(
|
)
|
(
|
)
|
||||
Income taxes, net
|
|
|
||||||
Other assets
|
(
|
)
|
(
|
)
|
||||
Operating lease liabilities
|
(
|
)
|
(
|
)
|
||||
Total adjustments
|
(
|
)
|
(
|
)
|
||||
Net cash provided by (used in) operating activities
|
|
(
|
)
|
|||||
Cash flows from investing activities:
|
||||||||
Purchase of property and equipment
|
(
|
)
|
(
|
)
|
||||
Net cash used in investing activities
|
(
|
)
|
(
|
)
|
||||
Cash flows from financing activities:
|
||||||||
Payments on long-term debt |
( |
) | ||||||
Payment of finance lease obligations
|
(
|
)
|
(
|
)
|
||||
Repurchase of common stock |
( |
) | ( |
) | ||||
Net cash used in financing activities
|
(
|
)
|
(
|
)
|
||||
Effect of exchange rate changes on cash and cash equivalents
|
(
|
)
|
(
|
)
|
||||
Net increase (decrease) in cash and cash equivalents
|
|
(
|
)
|
|||||
Cash and cash equivalents, beginning of period
|
|
|
||||||
Cash and cash equivalents, end of period
|
$
|
|
$
|
|
Number of
Shares
Common Stock
Outstanding
|
Par Value
|
Paid-in Capital
|
Treasury Stock
|
Retained
Earnings
|
Accumulated
Other
Comprehensive
Income (Loss)
|
Total
|
||||||||||||||||||||||
Balance, December 31, 2022
|
|
$
|
|
$
|
|
$
|
(
|
)
|
$
|
|
$
|
(
|
)
|
$
|
|
|||||||||||||
Stock-based compensation expense
|
-
|
|
|
|
|
|
|
|||||||||||||||||||||
Vesting of restricted stock units
|
|
|
|
|
|
|
|
|||||||||||||||||||||
Net income
|
-
|
|
|
|
|
|
|
|||||||||||||||||||||
Foreign currency translation
adjustments, net of tax
|
-
|
|
|
|
|
(
|
)
|
(
|
)
|
|||||||||||||||||||
Balance, March 31, 2023
|
|
$
|
|
$
|
|
$
|
(
|
)
|
$
|
|
$
|
(
|
)
|
$
|
|
|||||||||||||
Stock-based compensation expense
|
- | |||||||||||||||||||||||||||
Vesting of restricted stock units
|
||||||||||||||||||||||||||||
Net income
|
- | |||||||||||||||||||||||||||
Foreign currency translation
adjustments, net of tax
|
- | ( |
) | ( |
) | |||||||||||||||||||||||
Balance, June 30, 2023
|
$ | $ | $ | ( |
) | $ | $ | ( |
) | $ | ||||||||||||||||||
Stock-based compensation expense | - | |||||||||||||||||||||||||||
Vesting of restricted stock units | - | |||||||||||||||||||||||||||
Repurchase of common stock |
( |
) | ( |
) | ( |
) | ||||||||||||||||||||||
Net income |
- | |||||||||||||||||||||||||||
Foreign currency translation
adjustments, net of tax
|
- | ( |
) | ( |
) | |||||||||||||||||||||||
Balance, September 30, 2023
|
$ |
$ |
$ |
( |
) | $ |
$ |
( |
) | $ |
||||||||||||||||||
Balance, December 31, 2021
|
|
$
|
|
$
|
|
$
|
(
|
)
|
$
|
|
$
|
(
|
)
|
$
|
|
|||||||||||||
Stock-based compensation expense
|
-
|
|
|
|
|
|
|
|||||||||||||||||||||
Vesting of restricted stock units
|
|
|
|
|
|
|
|
|||||||||||||||||||||
Net income
|
-
|
|
|
|
|
|
|
|||||||||||||||||||||
Foreign currency translation
adjustments, net of tax
|
-
|
|
|
|
|
|
|
|||||||||||||||||||||
Balance, March 31, 2022
|
|
$
|
|
$
|
|
$
|
(
|
)
|
$
|
|
$
|
(
|
)
|
$
|
|
|||||||||||||
Stock-based compensation expense
|
- | |||||||||||||||||||||||||||
Vesting of restricted stock units
|
||||||||||||||||||||||||||||
Repurchase of common stock
|
( |
) | ( |
) | ( |
) | ( |
) | ||||||||||||||||||||
Net income
|
- | ( |
) | ( |
) | |||||||||||||||||||||||
Foreign currency translation
adjustments, net of tax
|
- | ( |
) | ( |
) | |||||||||||||||||||||||
Balance, June 30, 2022
|
$ | $ | $ | ( |
) | $ | $ | ( |
) | $ | ||||||||||||||||||
Stock-based compensation expense | - | |||||||||||||||||||||||||||
Vesting of restricted stock units | ||||||||||||||||||||||||||||
Repurchase of common stock | ( |
) | ( |
) | ( |
) | ||||||||||||||||||||||
Net income | - | |||||||||||||||||||||||||||
Foreign currency translation adjustments, net of tax
|
- | ( |
) | ( |
) | |||||||||||||||||||||||
Balance, September 30, 2022
|
$ |
$ |
$ |
( |
) | $ |
$ |
( |
) | $ |
|
Three Months Ended September 30,
|
Nine Months Ended September 30, | ||||||||||||||
(in thousands) |
2023
|
2022
|
2023 |
2022 |
||||||||||||
United States
|
$
|
|
$
|
|
$ | $ | ||||||||||
Canada
|
|
|
||||||||||||||
Other |
||||||||||||||||
Net sales
|
$
|
|
$
|
|
$ | $ |
(in thousands)
|
September 30, 2023
|
December 31, 2022
|
||||||
On hand:
|
||||||||
Finished goods held for sale
|
$
|
|
$
|
|
||||
Raw materials and work in process
|
|
|
||||||
Inventory in transit
|
|
|
||||||
TOTAL
|
$
|
|
$
|
|
|
•
|
Level 1 – observable inputs that reflect quoted prices in active markets for identical assets or liabilities.
|
|
•
|
Level 2 – significant observable inputs other than quoted prices in active markets for similar assets and liabilities, such as quoted prices for identical or similar assets or liabilities in markets that
are not active; or other inputs that are observable or can be corroborated by observable market data.
|
|
•
|
Level 3 – significant unobservable inputs reflecting our own assumptions, consistent with reasonably available assumptions made by other market participants.
|
Shares
(in thousands)
|
Weighted
Average
Share Price
|
|||||||
Balance, January 1, 2023
|
|
$
|
|
|||||
Granted
|
|
|
||||||
Forfeited | ( |
) | ||||||
Vested
|
(
|
)
|
|
|||||
Balance, September 30, 2023
|
|
$
|
|
Unrecognized Expense
|
||||
2023
|
$
|
|
||
2024
|
|
|||
2025
|
|
|||
2026
|
|
|||
2027
|
|
|||
$
|
|
Three Months Ended September 30,
|
Nine Months Ended September 30, |
|||||||||||||||
(in thousands, except share data)
|
2023
|
2022
|
2023
|
2022
|
||||||||||||
Numerator: | ||||||||||||||||
Net income
|
$
|
|
$
|
|
$ | $ | ||||||||||
Denominator:
|
||||||||||||||||
Basic weighted-average common shares outstanding
|
|
|
||||||||||||||
Dilutive effect of service-based restricted stock awards granted to Board of Directors under the Plan
|
||||||||||||||||
Dilutive effect of service-based restricted stock awards granted to employees under the Plan
|
||||||||||||||||
Diluted weighted-average common shares outstanding
|
|
|
Three Months Ended September 30,
|
||||||||||||||||
(in thousands)
|
2023
|
2022
|
$
Change
|
% Change
|
||||||||||||
Net sales
|
$
|
17,542
|
$
|
19,057
|
$
|
(1,515
|
)
|
(8.0
|
)%
|
|||||||
Gross profit
|
10,938
|
11,596
|
(658
|
)
|
(5.7
|
)%
|
||||||||||
Gross margin percentage
|
62.4
|
%
|
60.8
|
%
|
-
|
1.6
|
%
|
|||||||||
Operating expenses
|
10,058
|
10,620
|
(562
|
)
|
(5.3
|
)%
|
||||||||||
Income (loss) from operations
|
$
|
880
|
$
|
976
|
$
|
(96
|
)
|
(9.8
|
)%
|
Nine Months Ended September 30,
|
||||||||||||||||
(in thousands)
|
2023
|
2022
|
$ Change
|
% Change
|
||||||||||||
Net sales
|
$
|
55,384
|
$
|
57,967
|
$
|
(2,583
|
)
|
(4.5
|
)%
|
|||||||
Gross profit
|
33,677
|
34,028
|
(351
|
)
|
(1.0
|
)%
|
||||||||||
Gross margin percentage
|
60.8
|
%
|
58.7
|
%
|
-
|
2.1
|
%
|
|||||||||
Operating expenses
|
31,027
|
32,959
|
(1,932
|
)
|
(5.9
|
)%
|
||||||||||
Income from operations
|
$
|
2,650
|
$
|
1,069
|
$
|
1,581
|
147.9
|
%
|
Nine Months Ended September
30,
|
||||||||||||||||
(in thousands)
|
2023
|
2022
|
$ Change
|
% Change
|
||||||||||||
Operating expenses
|
$
|
31,027
|
$
|
32,959
|
$
|
(1,932
|
)
|
$
|
(5.9
|
%)
|
||||||
Non-routine items related to restatement
|
-
|
(246
|
)
|
246
|
100.0
|
%
|
||||||||||
Adjusted operating expenses
|
$
|
31,027
|
$
|
32,713
|
$
|
(1,686
|
)
|
$
|
(5.2
|
%)
|
||||||
Operating expenses % of sales
|
56.0
|
%
|
56.9
|
%
|
||||||||||||
Adjusted operating expenses % of sales
|
56.0
|
%
|
56.4
|
%
|
Nine Months Ended June 30,
|
||||||||
(amounts in thousands)
|
2023
|
2022
|
||||||
Net cash provided by (used in) operating activities
|
$
|
1,193
|
$
|
(3,957
|
)
|
|||
Net cash used in investing activities
|
(334
|
)
|
(825
|
)
|
||||
Net cash used in financing activities
|
(12
|
)
|
(2,198
|
)
|
||||
Effect of exchange rate changes on cash and cash equivalents
|
(199
|
)
|
(125
|
)
|
||||
Net increase (decrease) in cash and cash equivalents
|
$
|
648
|
$
|
(7,105
|
)
|
Item 4. |
Controls and Procedures.
|
• |
Replaced critical roles within our accounting team with full-time employees with expertise in GAAP accounting, SEC reporting and disclosure, internal audit and internal controls;
|
• |
Replaced our legacy accounting systems with an integrated enterprise resource planning (“ERP”) solution which includes general ledger, warehouse management and factory production modules designed to calculate inventory on a FIFO basis;
|
• |
Implemented a new point-of-sale system for most of our stores that is fully integrated with our new ERP system. The remaining one store will be converted in the fourth quarter 2023;
|
• |
Implemented new accounting processes and procedures aligned with our new ERP system that incorporate best practices to minimize errors and putting into action control activities that will prevent misstatements and that address
appropriate segregation of duties;
|
• |
Updated process narrative documentation in the following areas: (i) fixed assets and lease accounting, (ii) information technology (IT) governance, and (iii) HR and payroll;
|
• |
Created a risk controls matrix which includes, among other things, a comprehensive list of key and mitigating controls, a description of the risk the control is designed to mitigate, the individual responsible for each control, the
frequency in which the control is performed, and a mapping of each control to the five COSO Framework components (control environment, risk assessment, control activities, information and communication, or monitoring activities);
|
• |
Established a greater sense of accountability by requiring sub-certifications below the CEO level for certain key accounting, finance and operations personnel.
|
• |
Improved the accounting close process, including periodic review and update of our accounting close checklists for completeness of duties, accuracy of owners and deadlines to maintain accountability, timely review of account
reconciliations and calculations involving judgement, and timely reporting of financial results;
|
• |
Completed implementation of new accounting procedures and activities aligned with our new ERP system that improve upon the reliability of financial reporting and the preparation of financial statements in accordance with GAAP;
|
• |
Completed all narrative documentation in particular in the following areas: (i) financial reporting, (ii) inventory, (iii) purchasing and accounts payable, (iv) revenue, (v) general accounting, treasury, and financial planning &
analysis, and (vi) tax;
|
• |
Began the periodic review of our risk controls matrix and process narrative documentation to ensure changes such as personnel, information sources, processes, systems, and frequency in performing the control are properly reflected in a
timely manner;
|
• |
Reported the progress and results of our remediation plan to the Audit Committee including the identification, status, and resolution of internal control deficiencies, and created a schedule for regular reporting; and
|
• |
Finalized a comprehensive approach to regularly evaluate the operating effectiveness of our disclosure controls and procedures and our internal control over financial reporting using the COSO Framework as a guide.
|
• |
Recurring meetings with leadership, finance and accounting and other key functional areas to train staff on processes for oversight and emphasize each individual’s accountability for internal control compliance, and to create a pattern
of regular discussion of such controls.
|
• |
Regular periodic communications from the CEO and other key senior leaders on the Company’s mission, core values, Code of Business Conduct and Ethics, whistleblower policies, and each employee’s individual responsibility for internal
control compliance.
|
• |
Reorganization of the finance and accounting team to address segregation of duties issues, oversight, and review of work, and recruiting and hiring qualified, competent employees with relevant experience for the roles.
|
• |
Regular performance evaluations to include position-specific criteria for functional competence, including performance of internal control responsibilities.
|
• |
Completed the implementation of our new point-of-sale system, which is fully integrated with our ERP system.
|
• |
Completed all relevant functionality in our ERP system to improve our internal controls over financial reporting.
|
• |
Implemented newly-designed processes, structures, delegation of authority and controls, in accordance with the COSO Framework, including:
|
o |
Quarterly updates for our Controller regarding upcoming accounting pronouncement and proposed changes to GAAP accounting standards, tax regulations, and other requirements that may impact the Company’s financial reporting;
|
o |
Timely reviews each quarter of the most significant accounting estimates and judgment;
|
o |
Validation of results through detailed variance analyses and reconciliation of account balances performed on a timely basis;
|
o |
Monthly business review of actual financial performance compared to forecasts with participation from leadership across the organization; and
|
o |
Establishing a disclosure committee comprised of key management throughout the different areas of the organization to evaluate the appropriateness of disclosures in the Company’s periodic filings on Forms 10-K and 10-Q and to support the
CEO with the certification process.
|
Item 1. |
Legal Proceedings.
|
Period
|
(a) Total
number of
shares
purchased
|
(b)
Average
price paid
per share
|
(c) Total number of
shares purchased as
part of publicly
announced plans or
programs
|
(d) Maximum value
of shares that may
yet be purchased
under the plans or
programs
|
||||||||||||
July 1 – July 31, 2023
|
—
|
—
|
—
|
$
|
4,997,000
|
|||||||||||
August 1 – August 31, 2023
|
—
|
—
|
—
|
$
|
4,997,000
|
|||||||||||
September 1 – September 30, 2023
|
—
|
—
|
—
|
$
|
4,997,000
|
|||||||||||
Total
|
—
|
—
|
—
|
Item 6. |
Exhibits.
|
Exhibit
Number
|
Description
|
Certificate of Incorporation of The Leather Factory, Inc., and Certificate of Amendment to Certificate of Incorporation of The Leather Factory, Inc. filed as Exhibit
3.1 to Tandy Leather Factory, Inc.’s Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on August 12, 2005 and incorporated by reference herein.
|
|
Bylaws of Tandy Leather Factory, Inc., filed as Exhibit 3.1 to Tandy Leather Factory, Inc.’s Current Report on Form 8-K filed with the Securities and Exchange
Commission on December 8, 2021 and incorporated by reference herein.
|
|
Certificate of Designations of Series A Junior Participating Preferred Stock of Tandy Leather Factory, Inc. filed as Exhibit 3.1 to Tandy Leather Factory’s Inc.’s Current Report on Form 8-K filed with the Securities and Exchange Commission on June 10, 2013 and incorporated by reference herein. | |
Certificate of Amendment of Certificate of Incorporation, dated March 1, 2023, filed as Exhibit 3.4 to Tandy Leather Factory, Inc.’s Quarterly Report on Form 10-Q filed with the
Securities and Exchange Commission on May 15, 2023 and incorporated by reference herein.
|
|
Description of Securities filed as Exhibit 4.1 to Tandy Leather Factory, Inc.’s Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on June 22, 2021 and
incorporated by reference herein.
|
|
Tandy Leather Factory, Inc. 2013 Restricted Stock Plan, filed as Exhibit 10.1 to Tandy Leather Factory’s Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on
November 14, 2013 and incorporated by reference herein.
|
|
Amendment #1 to Tandy Leather Factory, Inc. 2013 Restricted Stock Plan filed as Exhibit 10.5 to Tandy Leather Factory, Inc.’s Quarterly Report on Form 10-Q filed with the Securities and
Exchange on June 22, 2021 and incorporated by reference herein.
|
|
Form of Non-Employee Director Restricted Stock Agreement under Tandy Leather Factory, Inc.’s 2013 Restricted Stock Plan, filed as Exhibit 10.1 to Tandy Leather Factory,
Inc.’s Current Report on Form 8-K filed with the Securities and Exchange Commission on February 14, 2014 and incorporated by reference herein.
|
|
Form of Employee Restricted Stock Award Agreement under Tandy Leather Factory, Inc.’s 2013 Restricted Stock Plan, filed as Exhibit 10.7 to Tandy Leather Factory, Inc.’s Quarterly Report
on Form 10-Q filed with the Securities and Exchange Commission on June 22, 2021 and incorporated by reference herein.
|
|
Form of Employment Agreement dated October 2, 2018 between the Company and Janet Carr, filed as Exhibit 10.1 to Tandy Leather Factory Inc.’s Current Report on Form 8-K filed with the
Securities and Exchange Commission on October 5, 2018 and incorporated by reference herein.
|
|
Form of Stand-Alone Restricted Stock Unit Agreement dated October 2, 2018 between the Company and Janet Carr, filed as Exhibit 10.2 to Tandy Leather Factor’s Current
Report on Form 8-K filed with the Securities and Exchange Commission on October 5, 2018 and incorporated by reference herein.
|
Form of Stand-Alone Restricted Stock Unit Agreement dated October 2, 2018 between the Company and Janet Carr, filed as Exhibit 10.3 to Tandy Leather Factor’s Current Report on Form 8-K
filed with the Securities and Exchange Commission on October 5, 2018 and incorporated by reference herein.
|
|
Form of Stock Purchase Agreement dated January 28, 2021 between the Company and Central Square Management, filed as Exhibit 10.14 to Tandy Leather Factory, Inc.’s Quarterly Report on Form
10-Q filed with the Securities and Exchange Commission on June 22, 2021 and incorporated by reference herein.
|
|
Form of Restricted Stock Unit Agreement dated October 23, 2023 between the Company and Janet Carr.
|
|
Code of Business Conduct and Ethics of Tandy Leather Factory, Inc., adopted by the Board of Directors in May, 2021, filed as Exhibit 14.1 to Tandy Leather Factory, Inc.’s Quarterly Report
on Form 10-Q filed with the Securities and Exchange Commission on June 22, 2021 and incorporated by reference herein.
|
|
13a-14(a) or 15d-14(a) Certification by the Chief Executive Officer pursuant to Rule 13a-14(a) or 15d-14(a) under the Securities Exchange Act of 1934, as amended.
|
|
Certification Pursuant to 18 U.S.C. Section 1350, as Adopted Pursuant to Section 906 of the Sarbanes-Oxley Act of 2022.
|
|
*101.INS
|
XBRL Instance Document.
|
*101.SCH
|
XBRL Taxonomy Extension Schema Document.
|
*101.CAL
|
XBRL Taxonomy Extension Calculation Document.
|
*101.DEF
|
XBRL Taxonomy Extension Definition Document.
|
*101.LAB
|
XBRL Taxonomy Extension Labels Document.
|
*101.PRE
|
XBRL Taxonomy Extension Presentation Document.
|
*
|
Filed herewith.
|
|
TANDY LEATHER FACTORY, INC.
|
(Registrant)
|
|
Date: November 9, 2023
|
By: /s/ Janet Carr
|
Janet Carr
|
|
Chief Executive Officer
|