Mama’s Creations Inc 2025年季度报告

For the quarter ended:April 30, 2025 OR For the Transition Period from ___________ to ____________ Commission File Number:001-40597 Mama’s Creations, Inc.(Exact name of Registrant as specified in its charter) (State or other jurisdiction of incorporation) 25 Branca Road (201)531-1212(Registrant’s telephone number, including area code) Trading SymbolCommon Stock, par value $0.00001MAMA Indicate by check mark whether the registrant (1) has filed all reports required to be filed by section 13 or 15(d) of the SecuritiesExchange Act of 1934 during the past 12 months, and (2) has been subject to such filing requirements for the past 90 days.YesxNo Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submittedpursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, or a non-accelerated filer, or 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: Large accelerated fileroAccelerated filer Other income (expenses) Total other expenses Income tax expense(280) Net income$1,237$Net income per common share$0.03$$0.03$ Weighted average common shares outstanding37,597– diluted39,378 3 (Unaudited)(in thousands)For the Period from February 1, 2025 through April30, 2025 PreferredStock SharesAmount SharesAmountSharesntSharesAmountCapitalEarningsEquityFebruary 1, 2025-$--$-37,826$-(230)$(150)$24,882$164$Stock basedcompensation----8---305- -$--$-37,834$-(230)$(150)$25,187$1,401$ Series APreferredStockSeries BPreferred StockCommon StockTreasury StockAdditionalPaid InAccumulatedStockholdeShareAmouSharesAmounAmou -$ Stock basedcompensation--------205- -- Net income---------553Balance, April 30,-$--$-37,488$-(230)$(150)$23,490$(2,994)$ 5 CASH FLOWS FROM OPERATING ACTIVITIES: Adjustments to reconcile net income to net cash provided by operating activities:Depreciation554Amortization of debt discount3 Amortization of right of use assets293Amortization of intangibles370Stock-based compensation305Change in deferred tax asset(211) Operating lease liability(257)Net Cash Provided by Operating Activities6,005 Net Cash (Used in) Investing Activities CASH FLOWS FROM FINANCING ACTIVITIES: Repayment of term loan Proceeds from exercise of stock options Cash and cash equivalents at beginning of period7,150 Income taxes$5$$82$ SUPPLEMENTARY DISCLOSURE OF NON-CASH INVESTING ANDFINANCING ACTIVITIES:Finance lease asset additions$-$ Write-off of right of use asset$451$Receipt of fixed assets for deposits previously paid$74$ Nature of Operations Holdings, Inc. and Mascot Properties, Inc.) was organized on July 22, 2009 as a Nevada corporation. The Company has a fiscal year-end of January31. Our subsidiary, MamaMancini’s Inc. (“MamaMancinis”), is a marketer, manufacturer and distributor of beef and turkey meatballs withsauce, grilled, roasted and breaded chicken; sausage and peppers; and other similar meats and sauces. In addition, the Company mixes, and savory products to large retail customers, primarily in pre-packaged containers.On June28, 2022, the Company acquired a24% minority interest in Chef Inspirational Foods, LLC (“CIF”), a leading developer,innovator, marketer and sales company selling prepared foods, for an investment of $1.2 million. The investment consists of $500thousand in cash and $700thousand in the Company’s common stock. The acquisition of the interest in CIF was accounted forunder the equity method of accounting for investments until the Company acquired the remaining interest of CIF. On June 28, 2023, the Company completed the acquisition of the remaining76% of CIF, in accordance with the terms of the Membership InterestPurchase Agreement dated June 28, 2023 by and among the Company, Siegel Suffolk Family, LLC, and R&I Loeb Family, LLC (the (the "CIF Acquisition").The promissory note required a principal payment of $1.2million in cash on the first anniversary of theclosing date (which was made during the year ended January31, 2025) and requires a payment of $1.5million in common stock of theCompany on the second anniversary of the closing date.Note 2 -Summary of Significant Accounting Policies owned subsidiaries. All intercompany accounts and transactions have been eliminated in consolidation. The Company's financialstatements have been prepared in accordance with accounting principles generally accepted in the United States of America ("U.S.GAAP") for interim financial information. In the opinion of management, all adjustments (consisting of normal recurring adjustments)considered necessary for a fair presentation have been included. The preparation of financial statements in con