Mama’s Creations Inc 2024年度报告

xANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the year endedJanuary 31, 2025 OR and (2) has been subject to such filing requirements for the past 90 days.YesxNoo posted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter periodthat the registrant was required to submit and post such files).YesxNoo Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smallerreporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smallerreporting company” and "emerging growth company" in Rule 12b-2 of the Exchange Act. (Check one): Indicate by check mark whether any of those error corrections are restatements that required a recovery analysis of incentive-based Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Act). YesoNoxThe aggregate market value of the voting and non-voting common equity held by non-affiliates of the registrant on July 31, 2024, As of April7, 2025, there were37,596,000shares of the registrant's common stock outstanding.Documents Incorporated by Reference:The information called for by Part III will be incorporated by reference from the Registrant's ITEM 4. MINE SAFETY DISCLOSURES.ITEM 5. MARKET FOR REGISTRANT’S COMMON EQUITY, RELATED STOCKHOLDER MATTERS ANDISSUER PURCHASES OF EQUITY SECURITIES.ITEM 6. [RESERVED].ITEM 7. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OFOPERATIONS.ITEM 7A. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK.ITEM 8. FINANCIAL STATEMENTS.ITEM9.CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING ANDFINANCIAL DISCLOSURE.ITEM 9A. CONTROLS AND PROCEDURES. Included in this Form 10-K are “forward-looking statements,” as well as historical information. Although we believe that theexpectations reflected in these forward-looking statements are reasonable, we cannot assure you that the expectations reflected in theseforward-looking statements will prove to be correct. Our actual results could differ materially from those anticipated in forward-looking statements as a result of certain factors, including matters described in the section titled “Risk Factors.” Forward-lookingstatements include those that use forward-looking terminology, such as the words “anticipate,” “believe,” “estimate,” “expect,”“intend,” “may,” “project,” “plan,” “will,” “shall,” “should,” and similar expressions, including when used in the negative. Although Our Company Mama’s Creations, Inc. (together with its subsidiaries, the "Company") is a leading marketer and manufacturer of fresh deli-prepared foods, found in over 10,000 grocery, mass, club and convenience stores nationally. The Company’s broad product portfolio, born fromMamaMancini’s rich history in Italian foods, now consists of a variety of high-quality, fresh, clean and easy-to-prepare foods toaddress the needs of both our consumers and retailers. Our vision is to become a one-stop-shop deli solutions platform, leveragingvertical integration and a diverse family of brands to offer a wide array of prepared foods to meet the changing demands of the modern grandson, Dan Dougherty. Over time, we have expanded our core product lines through acquisitions and internal development andtoday our product line includes all-natural specialty prepared refrigerated foods for sale in retailers around the country. Our primaryproducts include beef and turkey meatballs, meat loaf, chicken, sausage-related products and pasta and rice entrees.Our products include the MamaMancini's brand featuring many all-natural meals that contain a minimum number of ingredients, manyof which are derived from the original recipes of Anna “Mama” Mancini. Our products appeal to health-conscious consumers who coloring ingredients or chemical preservatives and is minimally processed. Many of MamaMancini’s products were submitted to theUSDA and approved as all-natural. The Food Safety and Inspection Service (“FSIS”) Food Standards and Labeling Policy Book(2003) requires meat and poultry labels to include a brief statement directly beneath or beside the “natural” label claim that “explains minimally processed.” The term “natural” may be used on a meat label or poultry label if the product does not contain any artificialflavor or flavoring, coloring ingredient, chemical preservative, or any other artificial or synthetic ingredient. Additionally, the term“all-natural” can be used if the FSIS approves your product and label claims. The Company’s all-natural product and label claims havebeen approved by the FSIS to contain the all-natural label.Our products are principally sold to supermarkets, club chains, mass-market retailers, and food distributors. We currently have morethan 100 product offerings across our beef, chicken, salad and olive portfolios th