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Wiki Wiki Summary
Uncertainty Uncertainty refers to epistemic situations involving imperfect or unknown information. It applies to predictions of future events, to physical measurements that are already made, or to the unknown.
Propagation of uncertainty In statistics, propagation of uncertainty (or propagation of error) is the effect of variables' uncertainties (or errors, more specifically random errors) on the uncertainty of a function based on them. When the variables are the values of experimental measurements they have uncertainties due to measurement limitations (e.g., instrument precision) which propagate due to the combination of variables in the function.
Uncertainty quantification Uncertainty quantification (UQ) is the science of quantitative characterization and reduction of uncertainties in both computational and real world applications. It tries to determine how likely certain outcomes are if some aspects of the system are not exactly known.
Knightian uncertainty In economics, Knightian uncertainty is a lack of any quantifiable knowledge about some possible occurrence, as opposed to the presence of quantifiable risk (e.g., that in statistical noise or a parameter's confidence interval). The concept acknowledges some fundamental degree of ignorance, a limit to knowledge, and an essential unpredictability of future events.
Uncertainty parameter The uncertainty parameter U is a parameter introduced by the Minor Planet Center (MPC) to quantify concisely the uncertainty of a perturbed orbital solution for a minor planet. The parameter is a logarithmic scale from 0 to 9 that measures the anticipated longitudinal uncertainty in the minor planet's mean anomaly after 10 years.
Financial condition report In accounting, a financial condition report (FCR) is a report on the solvency condition of an insurance company that takes into account both the current financial status, as reflected in the balance sheet, and an assessment of the ability of the company to survive future risk scenarios. Risk assessment in an FCR involves dynamic solvency testing, a type of dynamic financial analysis that simulates management response to risk scenarios, to test whether a company could remain solvent in the face of deteriorating economic conditions or major disasters.
Balance sheet In financial accounting, a balance sheet (also known as statement of financial position or statement of financial condition) is a summary of the financial balances of an individual or organization, whether it be a sole proprietorship, a business partnership, a corporation, private limited company or other organization such as government or not-for-profit entity. Assets, liabilities and ownership equity are listed as of a specific date, such as the end of its financial year.
Financial ratio A financial ratio or accounting ratio is a relative magnitude of two selected numerical values taken from an enterprise's financial statements. Often used in accounting, there are many standard ratios used to try to evaluate the overall financial condition of a corporation or other organization.
Financial law Financial law is the law and regulation of the insurance, derivatives, commercial banking, capital markets and investment management sectors. Understanding Financial law is crucial to appreciating the creation and formation of banking and financial regulation, as well as the legal framework for finance generally.
Financial analysis Financial analysis (also referred to as financial statement analysis or accounting analysis or Analysis of finance) refers to an assessment of the viability, stability, and profitability of a business, sub-business or project. \nIt is performed by professionals who prepare reports using ratios and other techniques, that make use of information taken from financial statements and other reports.
Form 10-K A Form 10-K is an annual report required by the U.S. Securities and Exchange Commission (SEC), that gives a comprehensive summary of a company's financial performance. Although similarly named, the annual report on Form 10-K is distinct from the often glossy "annual report to shareholders," which a company must send to its shareholders when it holds an annual meeting to elect directors (though some companies combine the annual report and the 10-K into one document).
Federal takeover of Fannie Mae and Freddie Mac In September 2008 the Federal Housing Finance Agency (FHFA) announced that it would take over the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac). Both government-sponsored enterprises, which finance home mortgages in the United States by issuing bonds, had become illiquid as the market for those bonds collapsed in the subprime mortgage crisis.
Arithmetic Arithmetic (from Ancient Greek ἀριθμός (arithmós) 'number', and τική [τέχνη] (tikḗ [tékhnē]) 'art, craft') is an elementary part of mathematics that consists of the study of the properties of the traditional operations on numbers—addition, subtraction, multiplication, division, exponentiation, and extraction of roots. In the 19th century, Italian mathematician Giuseppe Peano formalized arithmetic with his Peano axioms, which are highly important to the field of mathematical logic today.
Operation Mincemeat Operation Mincemeat was a successful British deception operation of the Second World War to disguise the 1943 Allied invasion of Sicily. Two members of British intelligence obtained the body of Glyndwr Michael, a tramp who died from eating rat poison, dressed him as an officer of the Royal Marines and placed personal items on him identifying him as the fictitious Captain (Acting Major) William Martin.
Special Activities Center The Special Activities Center (SAC) is a division of the Central Intelligence Agency responsible for covert operations and paramilitary operations. The unit was named Special Activities Division (SAD) prior to 2015.
Operations research Operations research (British English: operational research), often shortened to the initialism OR, is a discipline that deals with the development and application of advanced analytical methods to improve decision-making. It is sometimes considered to be a subfield of mathematical sciences.
Emergency operations center An emergency operations center (EOC) is a central command and control facility responsible for carrying out the principles of emergency preparedness and emergency management, or disaster management functions at a strategic level during an emergency, and ensuring the continuity of operation of a company, political subdivision or other organization.\nAn EOC is responsible for strategic direction and operational decisions and does not normally directly control field assets, instead leaving tactical decisions to lower commands.
Special operations Special operations (S.O.) are military activities conducted, according to NATO, by "specially designated, organized, selected, trained, and equipped forces using unconventional techniques and modes of employment". Special operations may include reconnaissance, unconventional warfare, and counter-terrorism actions, and are typically conducted by small groups of highly-trained personnel, emphasizing sufficiency, stealth, speed, and tactical coordination, commonly known as "special forces".
Operation (mathematics) In mathematics, an operation is a function which takes zero or more input values (called operands) to a well-defined output value. The number of operands (also known as arguments) is the arity of the operation.
Bitwise operation In computer programming, a bitwise operation operates on a bit string, a bit array or a binary numeral (considered as a bit string) at the level of its individual bits. It is a fast and simple action, basic to the higher-level arithmetic operations and directly supported by the processor.
Impact of the COVID-19 pandemic on the food industry As of 2022, the COVID‑19 pandemic is an ongoing global pandemic of coronavirus disease 2019 (COVID‑19) caused by severe acute respiratory syndrome coronavirus 2 (SARS CoV‑2). Its impact has been broad, affecting general society, the global economy, culture, ecology, politics, and other areas.
Impact of the COVID-19 pandemic on the restaurant industry in the United States As of 2022, the COVID‑19 pandemic is an ongoing global pandemic of coronavirus disease 2019 (COVID‑19) caused by severe acute respiratory syndrome coronavirus 2 (SARS CoV‑2). Its impact has been broad, affecting general society, the global economy, culture, ecology, politics, and other areas.
Naked City (TV series) Naked City is a police procedural series from Screen Gems which was broadcast from 1958 to 1959 and from 1960 to 1963 on the ABC television network. It was inspired by the 1948 motion picture The Naked City and mimics its dramatic "semi-documentary" format.
Index of Singapore-related articles This is a list of Singapore-related articles by alphabetical order. To learn quickly what Singapore is, see Outline of Singapore.
History of Poles in the United States The history of Poles in the United States dates to the American Colonial era. Poles have lived in present-day United States territories for over 400 years—since 1608.
Company A company, abbreviated as co., is a legal entity representing an association of people, whether natural, legal or a mixture of both, with a specific objective. Company members share a common purpose and unite to achieve specific, declared goals.
Holding company A holding company is a company whose primary business is holding a controlling interest in the securities of other companies. A holding company usually does not produce goods or services itself.
Public company A public company, publicly traded company, publicly held company, publicly listed company, or public limited company is a company whose ownership is organized via shares of stock which are intended to be freely traded on a stock exchange or in over-the-counter markets. A public (publicly traded) company can be listed on a stock exchange (listed company), which facilitates the trade of shares, or not (unlisted public company).
East India Company The East India Company (EIC) was an English, and later British, joint-stock company founded in 1600. It was formed to trade in the Indian Ocean region, initially with the East Indies (the Indian subcontinent and Southeast Asia), and later with East Asia.
The Walt Disney Company The Walt Disney Company, commonly known as Disney (), is an American multinational mass media and entertainment conglomerate headquartered at the Walt Disney Studios complex in Burbank, California.\nDisney was originally founded on October 16, 1923, by brothers Walt and Roy O. Disney as the Disney Brothers Cartoon Studio; it also operated under the names the Walt Disney Studio and Walt Disney Productions before changing its name to the Walt Disney Company in 1986.
Good Company (company) Good Company is an independent US entertainment production company founded in 2012 by Jonathan Lia, Brian Welsh and Ryan Heiferman in New York City with a second office in Los Angeles. The company has produced content including commercials, music videos, films and experiential.Good Company began 2012 with Kanye West and Jay-Z's "Niggas in Paris" video, which was nominated for two VMA Awards, Best Video and Best Director.
Restaurant A restaurant is a business that prepares and serves food and drinks to customers. Meals are generally served and eaten on the premises, but many restaurants also offer take-out and food delivery services.
Darden Restaurants Darden Restaurants, Inc. is an American multi-brand restaurant operator headquartered in Orlando.
McDonald's McDonald's Corporation is an American-based multinational fast food chain, founded in 1940 as a restaurant operated by Richard and Maurice McDonald, in San Bernardino, California, United States. They rechristened their business as a hamburger stand, and later turned the company into a franchise, with the Golden Arches logo being introduced in 1953 at a location in Phoenix, Arizona.
Chain store A chain store or retail chain is a retail outlet in which several locations share a brand, central management, and standardized business practices. They have come to dominate the retail and dining markets, and many service categories, in many parts of the world.
BJ's Restaurants BJ's Restaurants, Inc. is an American restaurant chain, headquartered in Huntington Beach, California.
Big Boy Restaurants Big Boy Restaurant Group, LLC is an American restaurant chain headquartered in Warren, Michigan, in Metro Detroit. Frisch's Big Boy Restaurants is a restaurant chain with its headquarters in Cincinnati, Ohio.
Risk Factors
FLANIGANS ENTERPRISES INC Item 1A Risk Factors - -------------------- An investment in the Companyapstas common stock involves a degree of risk
These risks should be considered carefully with the uncertainties described below, and all other information included in this Annual Report on Form 10-K, before deciding whether to purchase the Companyapstas common stock
Additional risks and uncertainties not currently known to management or that management currently deems immaterial may also become important factors that may harm the Companyapstas business, financial condition or results or operations
The occurrence of any of the following risks could harm the Companyapstas business, financial condition and results of operations
The trading price of the Companyapstas common stock could decline due to any of these risks and uncertainties, and you may lose part or all of your investment
Certain statements in this report contain forward-looking information
In general, forward-looking statements include estimates of future revenues, cash flows, capital expenditures, or other financial items and assumptions underlying any of the foregoing
Forward-looking statements reflect managementapstas current expectations regarding future events and use words such as &quote anticipate &quote , &quote believe &quote , &quote expect &quote , &quote may &quote , &quote will &quote and other similar terminology
These statements speak only as of the date they were made and involve a number of risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements
Planned Expansion May Not Be Successful - --------------------------------------- The Company, as general partner of a limited partnership, is currently building one (1) new restaurant in its existing South Florida market and expects, at a minimum, to open this one (1) new restaurant in fiscal year 2006
The Companyapstas ability to open and profitably operate restaurants and/or package liquor stores is subject to various risks such as identification and availability of suitable and economically viable locations, the negotiation of acceptable leases or the purchase terms of existing locations, the availability of limited partner investors, the need to obtain all required governmental permits (including zoning approvals) on a timely basis, the need to comply with other regulatory requirements, the availability of necessary contractors and subcontractors, the availability of construction materials and labor, the ability to meet construction schedules and budgets, variations in labor and building material costs, changes in weather or other acts of God that could result in construction delays and adversely affect the results of one or more restaurants and/or package liquor stores for an indeterminate amount of time
If the Company is unable to unsuccessfully manage these risks, it could face increased costs and lower than anticipated revenues and earnings in future periods
General Economic Factors May Adversely Affect Results of Operations - ------------------------------------------------------------------- National, regional and local economic conditions, such as recessionary economic cycles, a protracted economic slowdown or a worsening economy, could adversely affect disposable consumer income and consumer confidence
Unfavorable changes in these factors or in other business and economic condition affecting the Companyapstas customers could reduce customer traffic in some or all of the Companyapstas restaurants and/or package liquor stores, impose practical limits on pricing and increase costs, any of which could lower profit margins and have a material effect on the Companyapstas results of operations
Changes in Customer Preferences for Casual Dining Styles Could Adversely Affect Financial Performance - ------------------------------------------------------------------------------- Changing customer preferences, tastes and dietary habits can adversely impact the Companyapstas business and financial performance
The Company offers a large variety of entrees, side dishes and desserts and its continued success depends, in part, on the popularity of our cuisine and casual style of dining
18 Labor Shortages, an Increase in Labor Costs, or Inability to Attract Employees Could Harm Company Business - ------------------------------------------------------------------------------ The Companyapstas employees are essential to the operation of the Company restaurants and/or package liquor stores and the Companyapstas ability to deliver an enjoyable dining experience to its customers
If the Company is unable to attract and retain enough qualified restaurant and/or package liquor store personnel at a reasonable cost, and if they do not deliver an enjoyable dining experience, the Companyapstas results may be negatively affected
Additionally, competition for qualified employees could require the Company to pay higher wages, which could result in higher labor costs
Increases in Employee Minimum Wages by the Federal or State Government Could Adversely Affect Business - ---------------------------------------------------------------------------- The Company employees are paid wages that relate to federal and state minimum wage rates
Any increases in the minimum wage rates may significantly increase labor costs
In addition, since the Companyapstas business is labor-intensive, shortages in the labor pool or other inflationary pressure could increase labor costs, which could harm the Companyapstas financial performance
Fluctuations in Commodity Prices and Availability of Commodities Including Pork, Beef, Fish, Poultry and Dairy Could Affect Company Business - -------------------------------------------------------------------------------- A significant component of the Companyapstas costs are related to food commodities including pork, beef, fish, poultry and dairy products
If there is a substantial increase in prices for these products and the Company is unable to offset the increases with changes in menu prices, the Companyapstas results could be negatively affected
Due to the Companyapstas Geographic Locations, Restaurants are Subject to Climate Conditions that Could Affect Operations - -------------------------------------------------------------------------------- All but one (1) of the Company restaurants and package liquor stores are located in South Florida, with the remaining restaurant located in Central Florida
During hurricane season, (June 1st through November 30th each year), the Companyapstas restaurants and/or package liquor stores may face harsh weather associated with hurricanes and tropical storms
These harsh weather conditions may make it more difficult for customers to visit the Companyapstas restaurants and package liquor stores, or may necessitate the closure of the same for a period of time
If customers are unable to visit the Companyapstas restaurants and/or package liquor stores, Company sales and operating results may be negatively affected
19 Inability to Attract and Retain Customers Could Affect Results of Operations - ---------------------------------------------------------------------------- The Company takes pride in its ability to attract and retain customers, however, if the Company does not deliver an enjoyable dining experience for its customers, they may not return and results may be negatively affected
The Company Faces Competition in the Restaurant and Liquor Industries, and if the Company is Unable to Compete Effectively, its Business and Financial Performance will be Adversely Affected - -------------------------------------------------------------------------------- The restaurant and liquor industries are intensely competitive and are affected by changes in customer tastes, dietary habits and by economic and demographic trends
New menu items, concepts and trends are constantly emerging
The Company competes on quality, variety, value, service, price and location
If the Company is unable to compete effectively, its business, financial condition and results of operations will be materially adversely affected