{"schema_version":"secwatch.filing_event.v1","accession":"0001493152-22-035583","form_type":"8-K","ticker":"PRKA","cik":"0001297937","company_name":"PARKS AMERICA, INC","filed_at":"2022-12-15T23:59:59+00:00","discovered_at":"2026-05-14T18:03:50.045322+00:00","generated_at":"2026-06-21T03:56:46.551090+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"Parks America Q4 net income down to $482K; FY22 net income $727K vs $2.8M last year","bullets":["Q4 total net sales $3.07M, down $219K YoY; park attendance-based sales fell 7.5%.","FY22 net income $727K ($0.01/share) vs $2.80M ($0.04/share) in FY21, down $2.07M.","Adjusted net income for FY22 (excl. legal settlement) was $800K, down $1.81M YoY.","Working capital $4.67M; total debt $4.96M; debt-to-equity ratio 0.32 to 1.0.","Comparable FY22 attendance-based sales up >40% vs 2019 on 12% attendance gain and 30% per-capita increase."],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-22-035583","json":"https://secwatch.observer/filing/0001493152-22-035583.json","markdown":"https://secwatch.observer/filing/0001493152-22-035583.md","text":"https://secwatch.observer/filing/0001493152-22-035583.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1297937/000149315222035583/0001493152-22-035583-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1297937/000149315222035583/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-21T03:56:46.551090+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"b37c416c0254eccf93a8012952754e4fe0e4ce2b","claim":"PARKS AMERICA, INC reported the fiscal year ended October 2, 2022 results: revenue $10.7 million, net income $727,491, EPS $0.01 per basic share and per fully diluted share.","evidence_excerpt":"Reported total net sales for the fiscal year ended October 2, 2022 were $10.7 million, a decrease of $1.12 million, compared to the fiscal year ended October 3, 2021. Our parks’ combined attendance based net sales decreased by $1.05 million or 9.0%, and animal sales decreased by $75,607. On a comparable 52-week basis, attendance based net sales decreased by $848,862 or 7.4%. The Company reported net income of $727,491 or $0.01 per basic share and per fully diluted share, for the fiscal year ended October 2, 2022, compared to a net income of $2.80 million or $0.04 per basic share and per fully diluted share, for the fiscal year ended October 3, 2021, resulting in a decrease of $2.07 million.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1297937/000149315222035583/0001493152-22-035583-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the fiscal year ended October 2, 2022"},{"label":"Revenue","value":"$10.7 million"},{"label":"Net income","value":"$727,491"},{"label":"EPS","value":"$0.01 per basic share and per fully diluted share"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"e6724659c36f1bbc10860b09ea437349fa8bb46a","claim":"PARKS AMERICA, INC reported the fiscal quarter ended October 2, 2022 results: revenue $3.07 million, net income $482,409, EPS $0.01 per basic share and per fully diluted share.","evidence_excerpt":"Reported total net sales for the fiscal quarter ended October 2, 2022 were $3.07 million, a decrease of $219,249, compared to the fiscal quarter ended October 3, 2021. Our parks’ combined attendance based net sales decreased by $240,140 or 7.5%, and animal sales increased by $20,891. The Company reported net income of $482,409 or $0.01 per basic share and per fully diluted share, for the fiscal quarter ended October 2, 2022, compared to a net income of $765,730 million or $0.01 per basic share and per fully diluted share, for the fiscal quarter ended October 3, 2021, resulting in a decrease of $283,321.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1297937/000149315222035583/0001493152-22-035583-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the fiscal quarter ended October 2, 2022"},{"label":"Revenue","value":"$3.07 million"},{"label":"Net income","value":"$482,409"},{"label":"EPS","value":"$0.01 per basic share and per fully diluted share"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}