Company: NGVC
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001437749-25-015486
Chunk: 59

Company: Natural Grocers by Vitamin Cottage, Inc.
Filing Date: 2025-05-08
Form: 10-Q
Item: Part I, Item 1
Chunk 59
---
	—

			7,755

			Share-based compensation

			—

			—

			262

			—

			66

			328

			Issuance of common stock

			13,498

			—

			—

			—

			—

			—

			Adoption of accounting standard

			—

			—

			—

			(36
			)

			—

			(36
			)

			Cash dividend

			—

			—

			—

			(25,028
			
			)

			—

			(25,028
			)

			Balances December 31, 2023

			22,752,413

			23

			59,275

			94,562

			—

			153,860

			Net income

			—

			—

			—

			7,961

			—

			7,961

			Share-based compensation

			—

			—

			431

			—

			—

			431

			Issuance of common stock

			19,556

			—

			—

			—

			—

			—

			Cash dividend

			—

			—

			—

			(2,278
			)

			—

			(2,278
			)

			Balances March 31, 2024

			22,771,969

			$
			23

			$
			59,706

			$
			100,245

			$
			—

			$
			159,974

See accompanying notes to unaudited interim consolidated financial statements.

7

NATURAL GROCERS BY VITAMIN COTTAGE, INC.

Notes to Unaudited Interim Consolidated Financial Statements

March 31, 2025 and 2024

1. Organization

Nature of Business

Natural Grocers by Vitamin Cottage, Inc. (Natural Grocers or the holding company) and its consolidated subsidiaries (collectively, the Company) operate retail stores that specialize in natural and organic groceries, dietary supplements and body care products. The Company operated 169 stores as of March 31, 2025 and September 30, 2024, in 21 states. The Company also has a bulk food rep