UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended July 2, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 1-6836 FLANIGAN'S ENTERPRISES, INC (Exact name of registrant as specified in its charter) Florida 59-0877638 (State or other jurisdiction of (I.R ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended April 2, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 1-6836 FLANIGAN'S ENTERPRISES, INC. (Exact name of registrant as specified in its charter) Florida 59-0877638 (State or other jurisdiction of (I ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended January 1, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 1-6836 FLANIGAN'S ENTERPRISES, INC. (Exact name of registrant as specified in its charter) Florida 59-0877638 (State or other jurisdiction of ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended October 2, 2021 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ____________ to ____________ Commission File Number 001-06836 FLANIGAN'S ENTERPRISES, INC. (Exact name of registrant as specified in its charter) Florida 59-0877638 (State or Othe ...

```markdown PART I. FINANCIAL INFORMATION [Item 1. Condensed Consolidated Financial Statements (Unaudited)](index=4&type=section&id=ITEM%201.%20CONDENSED%20CONSOLIDATED%20FINANCIAL%20STATEMENTS%20(UNAUDITED)) The unaudited condensed consolidated financial statements for the thirteen and thirty-nine weeks ended July 3, 2021, show a significant increase in revenues and net income compared to the same periods in 2020, driven by COVID-19 recovery and PPP loan forgiveness [Unaudited Condensed Consolidated Statements of Operations](index=5&type=section&id=UNAUDITED%20CONDENSED%20CONSOLIDATED%20STATEMENTS%20OF%20OPERATIONS) For the thirty-nine weeks ended July 3, 2021, total revenues increased to $103.7 million, and net income surged to $15.1 million, primarily due to a $10.1 million gain from PPP loan forgiveness Consolidated Statements of Operations Highlights (in thousands, except per share amounts) | Metric | Thirty-Nine Weeks Ended July 3, 2021 | Thirty-Nine Weeks Ended June 27, 2020 | | :--- | :--- | :--- | | **Total Revenues** | $103,672 | $84,732 | | **Income from Operations** | $6,672 | $2,016 | | **Gain on forgiveness of PPP loans** | $10,136 | $0 | | **Net Income** | $15,145 | $1,478 | | **Net Income attributable to stockholders** | $10,430 | $687 | | **Basic and Diluted EPS** | $5.61 | $0.37 | [Condensed Consolidated Balance Sheets](index=7&type=section&id=CONDENSED%20CONSOLIDATED%20BALANCE%20SHEETS) As of July 3, 2021, total assets grew to $123.2 million, while total liabilities decreased to $63.8 million, resulting in an increase in total equity to $59.5 million Condensed Consolidated Balance Sheet Highlights (in thousands) | Account | July 3, 2021 | October 3, 2020 | | :--- | :--- | :--- | | **Total Current Assets** | $39,768 | $36,508 | | **Property and Equipment, Net** | $54,112 | $46,984 | | **Total Assets** | $123,243 | $112,484 | | **Total Current Liabilities** | $20,796 | $25,362 | | **Total Liabilities** | $63,750 | $66,928 | | **Total Equity** | $59,493 | $45,556 | [Unaudited Condensed Consolidated Statements of Stockholders' Equity](index=9&type=section&id=UNAUDITED%20CONDENSED%20CONSOLIDATED%20STATEMENTS%20OF%20STOCKHOLDERS'%20EQUITY) Total stockholders' equity increased from $45.6 million at October 3, 2020, to $59.5 million at July 3, 2021, primarily driven by net income - Retained earnings grew from **$38.8 million** at the start of the fiscal year to **$49.3 million** by July 3, 2021, reflecting strong profitability during the period[16](index=16&type=chunk) [Unaudited Condensed Consolidated Statements of Cash Flows](index=10&type=section&id=UNAUDITED%20CONDENSED%20CONSOLIDATED%20STATEMENTS%20OF%20CASH%20FLOWS) For the thirty-nine weeks ended July 3, 2021, net cash provided by operating activities was $11.5 million, while investing and financing activities used $8.4 million and $1.1 million respectively, leading to a $2.0 million increase in cash and cash equivalents Summary of Cash Flows (in thousands) | Cash Flow Activity | Thirty-Nine Weeks Ended July 3, 2021 | Thirty-Nine Weeks Ended June 27, 2020 | | :--- | :--- | :--- | | **Net cash provided by operating activities** | $11,523 | $7,437 | | **Net cash used in investing activities** | ($8,374) | ($2,448) | | **Net cash (used in) provided by financing activities** | ($1,118) | $11,821 | | **Net Increase in Cash** | $2,031 | $16,810 | | **Cash at End of Period** | $31,953 | $30,482 | [Notes to Unaudited Condensed Consolidated Financial Statements](index=12&type=section&id=NOTES%20TO%20UNAUDITED%20CONDENSED%20CONSOLIDATED%20FINANCIAL%20STATEMENTS) The notes detail key accounting policies, property purchases, debt financing, and lease commitments, highlighting the forgiveness of **$10.1 million** in PPP loans and strong revenue growth in both restaurant and package store segments - The company exercised options to purchase real property for its North Lauderdale location for **$1.2 million** and its Sunrise location for **$4.8 million**, financing the latter with a **$2.2 million** loan[31](index=31&type=chunk)[33](index=33&type=chunk) - During the second quarter of fiscal 2021, the company applied for and received forgiveness for the entire principal and accrued interest on its PPP loans, resulting in a gain of **$10.1 million** reflected in the consolidated financial statements[62](index=62&type=chunk) - The company has significant construction commitments, including a **$2.1 million** contract for rebuilding a fire-damaged location in Hollywood and a **$1.4 million** contract for renovations at a new Sunrise location[47](index=47&type=chunk)[48](index=48&type=chunk) Operating Revenues by Segment (in thousands) | Segment | Thirty-Nine Weeks Ended July 3, 2021 | Thirty-Nine Weeks Ended June 27, 2020 | | :--- | :--- | :--- | | Restaurants | $77,611 | $64,305 | | Package stores | $23,923 | $18,833 | [Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations](index=23&type=section&id=ITEM%202.%20MANAGEMENT'S%20DISCUSSION%20AND%20ANALYSIS%20OF%20FINANCIAL%20CONDITION%20AND%20RESULTS%20OF%20OPERATIONS) Management attributes significant revenue and profit growth to COVID-19 recovery, menu price increases, strong package liquor store performance, and PPP loan forgiveness, while actively investing in capital expenditures and maintaining sufficient liquidity [Results of Operations](index=24&type=section&id=Results%20of%20Operations) Total revenue increased **60.3%** to **$37.9 million** for the thirteen weeks ended July 3, 2021, and **22.4%** to **$103.7 million** for the thirty-nine-week period, with net income surging to **$15.1 million** primarily due to PPP loan forgiveness Revenue Comparison - Thirteen Weeks Ended (in thousands) | Revenue Source | July 3, 2021 | June 27, 2020 | % Change | | :--- | :--- | :--- | :--- | | Restaurant food sales | $23,484 | $14,514 | +61.8% | | Restaurant bar sales | $5,617 | $1,630 | +244.6% | | Package store sales | $8,082 | $7,099 | +13.8% | | **Total Revenue** | **$37,935** | **$23,663** | **+60.3%** | Revenue Comparison - Thirty-Nine Weeks Ended (in thousands) | Revenue Source | July 3, 2021 | June 27, 2020 | % Change | | :--- | :--- | :--- | :--- | | Restaurant food sales | $62,501 | $51,469 | +21.4% | | Restaurant bar sales | $15,110 | $12,836 | +17.7% | | Package store sales | $23,923 | $18,833 | +27.0% | | **Total Revenue** | **$103,672** | **$84,732** | **+22.4%** | - Net income for the thirty-nine weeks ended July 3, 2021, increased by **$13.7 million** (**924.7%**) to **$15.1 million**, primarily due to the forgiveness of PPP loans and increased revenue[119](index=119&type=chunk) [Liquidity and Capital Resources](index=31&type=section&id=Liquidity%20and%20Capital%20Resources) As of July 3, 2021, the company had a cash balance of **$32.0 million** and working capital of **$19.0 million**, with operations funded by cash flow and borrowings, including significant capital expenditures for property purchases - Cash and cash equivalents increased by **$2.0 million** to **$31.95 million** as of July 3, 2021, from **$29.92 million** at October 3, 2020[127](index=127&type=chunk) - Capital expenditures for the thirty-nine weeks ended July 3, 2021, totaled **$9.7 million**, a significant increase from **$2.2 million** in the prior-year period, reflecting investments in property and renovations[134](index=134&type=chunk) - Long-term debt decreased to **$20.2 million** from **$26.3 million** at the start of the fiscal year, mainly due to the forgiveness of PPP loans[136](index=136&type=chunk) - The company has a purchase agreement to buy approximately **$6.42 million** of baby back ribs during calendar year 2021 at a fixed cost to ensure adequate supply[143](index=143&type=chunk) [Item 3. Quantitative and Qualitative Disclosures About Market Risk](index=35&type=section&id=ITEM%203.%20QUANTITATIVE%20AND%20QUALITATIVE%20DISCLOSURES%20ABOUT%20MARKET%20RISK) The company mitigates its primary market risk, interest rate fluctuations on variable-rate debt, through two interest rate swap agreements that convert these obligations to fixed rates - The company has two variable rate debt instruments outstanding, both of which are managed through interest rate swap agreements to convert them to fixed rates[154](index=154&type=chunk)[155](index=155&type=chunk) - The interest rate swaps fix the rates at **4.35%** and **4.61%** for the respective loans, and management has determined them to be effective hedging agreements[155](index=155&type=chunk) [Item 4. Controls and Procedures](index=36&type=section&id=ITEM%204.%20CONTROLS%20AND%20PROCEDURES) Management concluded that disclosure controls and procedures were not effective as of July 3, 2021, due to a material weakness in lease accounting under ASC 842, for which remediation measures are being implemented - A material weakness was identified in internal controls related to the company's effectiveness in distinguishing between operating and finance leases under ASC 842[160](index=160&type=chunk) - Based on an evaluation, the CEO and CFO concluded that disclosure controls and procedures were not effective as of July 3, 2021[159](index=159&type=chunk) - Remediation measures are underway, including developing a training program for accounting personnel, enhancing documentation, and implementing a management review plan for all new or remeasured leases[161](index=161&type=chunk) PART II. OTHER INFORMATION [Item 1. Legal Proceedings](index=37&type=section&id=ITEM%201.%20LEGAL%20PROCEEDINGS) The company is involved in various ordinary course legal actions, which management believes will not have a material adverse effect on its financial position or results of operations - The company states that it is a party to various claims and legal actions arising in the ordinary course of business but does not expect them to have a material adverse effect[59](index=59&type=chunk)[163](index=163&type=chunk) [Item 1A. Risk Factors](index=37&type=section&id=ITEM%201A.%20RISK%20FACTORS) This section directs readers to the company's Annual Report on Form 10-K for a comprehensive discussion of the risks affecting the business - For a detailed discussion of risk factors, the report refers investors to the company's Annual Report on Form 10-K for the fiscal year ended October 3, 2020[164](index=164&type=chunk) [Item 2. Unregistered Sales of Equity Securities and Use of Proceeds](index=37&type=section&id=ITEM%202.%20UNREGISTERED%20SALES%20OF%20EQUITY%20SECURITIES%20AND%20USE%20OF%20PROCEEDS) During the thirty-nine weeks ended July 3, 2021, the company did not purchase any common stock, retaining authority to purchase an additional **65,414 shares** under a 2007 plan - The company did not purchase any of its common stock during the thirty-nine weeks ended July 3, 2021[164](index=164&type=chunk) - The company has remaining authority to purchase **65,414 shares** of its common stock under a plan approved in 2007[164](index=164&type=chunk) [Item 6. Exhibits](index=38&type=section&id=ITEM%206.%20EXHIBITS) This section lists the exhibits filed with the Form 10-Q report, including CEO and CFO certifications and XBRL/Inline XBRL data files - The report includes required certifications from the Chief Executive Officer and Chief Financial Officer as exhibits **31.1**, **31.2**, **32.1**, and **32.2**[167](index=167&type=chunk) - Interactive Data Files (XBRL and Inline XBRL) are also filed as exhibits with this report[166](index=166&type=chunk) ```

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended April 3, 2021 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 1-6836 FLANIGAN'S ENTERPRISES, INC. (Exact name of registrant as specified in its charter) Florida 59-0877638 (State or other jurisdiction of (I ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended January 2, 2021 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 1-6836 FLANIGAN'S ENTERPRISES, INC. (Exact name of registrant as specified in its charter) Florida 59-0877638 (State or other jurisdiction of ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended October 3, 2020 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ____________ to ____________ Commission File Number 001-06836 FLANIGAN'S ENTERPRISES, INC. (Exact name of registrant as specified in its charter) Florida 59-0877638 (State or Othe ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 27, 2020 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 1-6836 FLANIGAN'S ENTERPRISES, INC. (Exact name of registrant as specified in its charter) Florida 59-0877638 (State or other jurisdiction of (I ...

Operations Overview - As of March 28, 2020, the company operates 27 units, including 7 restaurants, 7 package liquor stores, and 3 combination units, with a total increase of 1 unit compared to March 30, 2019[57]. Revenue Performance - Total revenue for the thirteen weeks ended March 28, 2020, increased by $392,000 or 1.32% to $30,128,000 compared to $29,736,000 for the same period in 2019[69]. - Total revenue for the twenty-six weeks ended March 28, 2020 increased by $3,439,000 or 5.97% to $61,069,000 from $57,630,000 in 2019[89]. Sales Breakdown - Restaurant food sales totaled $18,213,000 for the thirteen weeks ended March 28, 2020, a nominal decrease from $18,219,000 in the same period in 2019, primarily due to COVID-19 impacts[70]. - Package store sales increased to $6,027,000 for the thirteen weeks ended March 28, 2020, compared to $5,092,000 in the same period in 2019, reflecting a growth of 18.36%[67]. - Restaurant bar sales decreased to $5,315,000 for the thirteen weeks ended March 28, 2020, down from $5,745,000 for the same period in 2019, a decrease of 7.47%[72]. - Restaurant food sales totaled $36,955,000 for the twenty-six weeks ended March 28, 2020, compared to $35,047,000 in 2019, an increase of 5.44%[90]. - Package store sales revenue totaled $11,734,000 for the twenty-six weeks ended March 28, 2020, an increase of $1,507,000 or 14.71% compared to $10,227,000 for the same period in 2019[94]. Cost and Expenses - Operating costs and expenses increased by $765,000 or 2.75% to $28,611,000 for the thirteen weeks ended March 28, 2020, from $27,846,000 in 2019[75]. - Operating costs and expenses increased by $3,236,000 or 5.87% to $58,321,000 for the twenty-six weeks ended March 28, 2020, with operating costs as a percentage of total sales rising to approximately 95.58%[95]. Profitability - Gross profit for food and bar sales decreased to $15,628,000 for the thirteen weeks ended March 28, 2020, compared to $15,646,000 in 2019[77]. - Gross profit for package liquor store sales increased to $1,701,000 for the thirteen weeks ended March 28, 2020, from $1,373,000 in 2019, an increase of 24.00%[78]. - Gross profit for food and bar sales increased to $31,837,000 for the twenty-six weeks ended March 28, 2020, with a gross profit margin of 66.11%[97]. - Gross profit for package liquor store sales increased to $3,269,000 for the twenty-six weeks ended March 28, 2020, with a gross profit margin of 27.86%[98]. Net Income - Net income decreased by $45,000 or 3.07% to $1,420,000 for the thirteen weeks ended March 28, 2020, compared to $1,465,000 in 2019[86]. - Net income attributable to stockholders decreased by $373,000 or 36.53% to $648,000 for the thirteen weeks ended March 28, 2020, from $1,021,000 in 2019[88]. - Net income for the twenty-six weeks ended March 28, 2020 decreased by $122,000 or 4.95% to $2,341,000 compared to $2,463,000 for the same period in 2019[106]. - Net income attributable to stockholders decreased by $622,000 or 35.26% to $1,142,000 for the twenty-six weeks ended March 28, 2020[107]. Cash Flow and Liquidity - As of March 28, 2020, the company had cash of approximately $18,061,000, an increase of $4,389,000 from $13,672,000 as of September 28, 2019[113]. - The company reported a net cash provided by operating activities of $4,213,000, a decrease from $5,069,000 for the same period in 2019[118]. - The company believes its cash on hand, cash flow from operations, and available borrowings will adequately fund operations and planned capital expenditures throughout fiscal year 2020[130]. Debt and Financing - The company’s long-term debt increased to $17,448,000 as of March 28, 2020, compared to $14,574,000 as of March 30, 2019, primarily due to refinancing a mortgage loan[122]. - The company received approximately $13.1 million in loans under the Paycheck Protection Program, with $5.9 million loaned directly to the company[114]. - The company is in compliance with all loan covenants as of March 28, 2020[122]. Cost-Cutting Measures - The company implemented cost-cutting measures, resulting in the layoff of 525 restaurant personnel, leading to annualized salary savings of approximately $1.04 million[62]. - The company has reversed most cost-cutting measures since mid-May 2020 due to the receipt of PPP Loans, reinstating laid-off employees in anticipation of resuming dine-in service[62]. - The company anticipates that operating costs will decrease for the remainder of fiscal year 2020 due to the implementation of cost-cutting measures[95]. Future Outlook - The company expects total revenue for the remainder of fiscal year 2020 to decrease due to ongoing COVID-19 impacts, with Store 19 remaining closed[69]. - The company expects restaurant food sales to continue to decline for the remainder of fiscal year 2020 due to the negative effects of COVID-19[71]. - The company anticipates refurbishment costs of approximately $750,000 for fiscal year 2020, with $517,000 already spent through March 28, 2020[120]. Capital Expenditures - Capital expenditures for the twenty-six weeks ended March 28, 2020, were $1,640,000, significantly lower than $4,199,000 for the same period in 2019[119]. - A purchase agreement was entered into for approximately $5,314,000 of baby back ribs to be purchased during calendar year 2020 at a fixed cost[127]. - The company canceled a previously declared cash dividend of $0.30 per share due to the negative effects of COVID-19 on operations[118].