10-K/A: Noble Romans Inc. Files Amended 10-K Annual Report for Fiscal Year 2023

Noble Romans, Inc. has filed an amendment to its annual report on Form 10-K for the fiscal year ended December 31, 2023, including certifications from its CEO and CFO.

Summary

• Noble Romans, Inc. has filed an amended annual report on Form 10-K for the fiscal year ending December 31, 2023.
• This filing includes certifications from the CEO, A. Scott Mobley, and the Executive Chairman and CFO, Paul W. Mobley, as required by the Sarbanes-Oxley Act.
• The report confirms that the financial statements fairly present the company's financial condition and results of operations.
• The company had approximately 22,215,512 shares of common stock outstanding as of March 1, 2024.
• The aggregate market value of common stock held by non-affiliates was approximately $3.14 million as of June 30, 2023.

Sentiment

Score: 7

Explanation: The document is a standard regulatory filing with no significant positive or negative news. The certifications provide assurance of financial accuracy, but the lack of financial details limits the overall sentiment.

Positives

• The CEO and CFO have certified the financial statements, indicating their confidence in the accuracy of the report.
• The company has complied with the requirements of the Securities Exchange Act of 1934.
• The report includes all necessary certifications under the Sarbanes-Oxley Act.

Risks

• The document does not provide any specific details about the company's financial performance or future outlook, making it difficult to assess the company's current financial health and future prospects.
• The company is a smaller reporting company, which may indicate a higher level of risk compared to larger, more established companies.

Management Comments

• A. Scott Mobley, President and CEO, certified that the report does not contain any untrue statements and fairly presents the company's financial condition.
• Paul W. Mobley, Executive Chairman and CFO, also certified the accuracy and completeness of the financial information.

Industry Context

This filing is a standard regulatory requirement for publicly traded companies and does not provide specific insights into the company's competitive position or industry trends.

Comparison to Industry Standards

• The filing of a 10-K/A is a standard practice for publicly traded companies in the US, and Noble Romans' filing is consistent with these requirements.
• The certifications by the CEO and CFO are also standard practice and are required by the Sarbanes-Oxley Act to ensure accountability and accuracy in financial reporting.
• Without specific financial data, it is difficult to compare Noble Romans' performance to industry peers. However, the company's status as a smaller reporting company suggests it may be in a different stage of development compared to larger, more established companies like Domino's Pizza or Papa John's.

Stakeholder Impact

• The filing provides stakeholders with assurance that the company's financial statements have been reviewed and certified by management.
• The report is a key document for investors to understand the company's financial position.

Key Dates

Keywords

Form 10-K, Annual Report, Financial Statements, Sarbanes-Oxley Act, Certification, Noble Romans, SEC Filing