Company: BRID
Filing Date: 2025-01-29
Form Type: 10-K
Source: 0001493152-25-004182
Chunk: 154

Company: BRIDGFORD FOODS CORP
Filing Date: 2025-01-29
Form: 10-K
Item: Item 1B
Chunk 154
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 Baker Tilly US, LLP

    Irvine, California

    January 29, 2025

 25 

BRIDGFORD FOODS CORPORATION 

CONSOLIDATED BALANCE SHEETS 

As of November 1, 2024, and November
3, 2023 

(in thousands, except share and per share amounts)

    November 1, 2024  
    November 3, 2023 
  
    ASSETS 

    Current assets: 

    Cash and cash equivalents 
    $10,230  
    $15,708 
  
    Accounts receivable, less allowance for doubtful accounts of $110 and $248, respectively, and promotional allowances of $2,399 and $2,093, respectively 
     30,404  
     28,593 
  
    Inventories, net 
     33,338  
     40,573 
  
    Refundable income taxes 
     3,408  
     2,168 
  
    Prepaid expenses and other current assets 
     609  
     435 
  
    Total current assets 
     77,989  
     87,477 

    Property, plant and equipment, net of accumulated depreciation and amortization of $77,160 and $73,397, respectively 
     64,634  
     67,487 
  
    Other non-current assets 
     14,731  
     12,034 
  
    Total assets 
    $157,354  
    $166,998 

    LIABILITIES AND SHAREHOLDERS’ EQUITY 

    Current liabilities: 

    Accounts payable 
    $5,672  
    $7,201 
  
    Accrued payroll, advertising, and other expenses 
     6,323  
     6,404 
  
    Income taxes payable 
     274  
     256 
  
    Current notes payable – equipment 
     1,084  
     1,045 
  
    Current right-of-use leases payable 
     1,098  
     1,120 
  
    Other current liabilities 
     2,002  
     1,955 
  
    Total current liabilities 
     16,453  
     17,981 

    Long-term notes payable – equipment, bridge loan and revolving credit facility 
     1,702