Note 1 - Consolidated Financial Statements

3 Months Ended

May 31, 2020

Notes to Financial Statements

Organization, Consolidation and Presentation of Financial Statements Disclosure [Text Block]

1

.

CONSOLIDATED FINANCIAL STATEMENTS

The Condensed Consolidated Balance Sheet and the Consolidated Statements of Shareholders’ Equity as of

May 31, 2020,

the Consolidated Statements of Operations and the Consolidated Statements of Comprehensive Earnings for the

13

weeks ended

May 31, 2020

and

June 2, 2019,

and the Condensed Consolidated Statements of Cash Flows for the

13

weeks then ended have been prepared by Park Aerospace Corp. (the “Company”), without audit. In the opinion of management, these unaudited consolidated financial statements contain all adjustments (which include only normal recurring adjustments) necessary to present fairly the financial position at

May 31, 2020

and the results of operations and cash flows for all periods presented. The Consolidated Statements of Operations are

not

necessarily indicative of the results to be expected for the full fiscal year or any subsequent interim period.

Certain information and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America (“US GAAP”) have been condensed or omitted. It is suggested that these consolidated financial statements be read in conjunction with the consolidated financial statements and notes thereto included in the Company’s Annual Report on Form

10

-K for the fiscal year ended

March 1, 2020.

There have been

no

significant changes to such accounting policies during the

13

weeks ended

May 31, 2020.