Amended press release noble roman's provides detail on accounting change that resulted in non-cash adjustments to the previously announced financial information

Indianapolis, in / accesswire / may 17, 2024 / noble roman's, inc. (otcqb:nrom), the indianapolis based franchisor and licensor of noble roman's pizza and noble roman's craft pizza & pub ("cpp"), today announced that in connection with finalizing the audit of its financial statements as of december 31, 2023 and for the year then ended included in its recently filed annual report on form 10-k, that the company concluded it was necessary to account for the value of the warrants issued to its lender in connection with entering into its credit facility, as a liability at the estimated fair value using the black-scholes pricing method. net cash provided by operations in 2023 of $1.6 million was unchanged by the accounting for the warrants.
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