{"url_path":"/sec/nrom/10-k/2026/item-15","section_key":"item-15","section_title":"Item 15 EXHIBITS, FINANCIAL STATEMENT SCHEDULES**","topic":"sec","document":{"doc_type":"10-K","doc_date":"2026-06-08","source_url":"https://www.sec.gov/Archives/edgar/data/709005/0001654954-26-005747-index.html","accession_number":"0001654954-26-005747","cik":"0000709005","ticker":"NROM","issuer_name":"NOBLE ROMANS INC","edgar_url":"https://www.sec.gov/Archives/edgar/data/709005/0001654954-26-005747-index.html","primary_entity_key":"0000709005","primary_entity_name":"NOBLE ROMANS INC"},"word_count":890,"has_tables":true,"body_markdown":"**ITEM 15. EXHIBITS, FINANCIAL STATEMENT SCHEDULES**\n\n \n\nThe following consolidated financial statements of Noble Roman’s, Inc. and Subsidiaries are included in Item 8:\n\n \n\n \n\n**Page**\n\n \n\n \n\n \n\n \n\n \n\n[Consolidated Balance Sheets - December 31, 2024 and 2025](#f1)\n \n\nF-1\n\n \n\n \n\n \n\n \n\n \n\n[Consolidated Statements of Operations - years ended December 31, 2024 and 2025](#f2)\n \n\nF-2\n\n \n\n \n\n \n\n \n\n \n\n[Consolidated Statements of Changes in Stockholders’ Equity - years ended December 31, 2024 and 2025](#f3)\n \n\nF-3\n\n \n\n \n\n \n\n \n\n \n\n[Consolidated Statements of Cash Flows - years ended December 31, 2024 and 2025](#f4)\n \n\nF-4\n\n \n\n \n\n \n\n \n\n \n\n[Notes to Consolidated Financial Statements](#f5)\n \n\nF-5\n\n \n\n \n\n \n\n \n\n \n\n[Report of Independent Registered Accounting Firm – Sassetti](#f6)\n \n\nF-23\n\n \n\n \n\n \n\n \n\n \n\n[Report of Independent Registered Accounting Firm – Stephano Slack](#f7)\n \n\nF-24\n\n \n\n \n\n \n\n32\n\n*Table of Contents*\n\n  \n\nExhibit\n\nNumber\n\n \n\nDescription \n\n \n\n \n\n \n\n3.1\n\n \n\nAmended Articles of Incorporation of the Registrant, filed as an exhibit to the Registrant’s Amendment No. 1 to the Post-Effective Amendment No. 2 to Registration Statement on Form S-1 filed July 1, 1985 (SEC File No. 2-84150), is incorporated herein by reference.\n\n \n\n \n\n \n\n3.2\n\n \n\nAmended and Restated By-Laws of the Registrant, as currently in effect, filed as an exhibit to the Registrant’s Form 8-K filed December 23, 2009, is incorporated herein by reference.\n\n \n\n \n\n \n\n3.3\n\n \n\nArticles of Amendment of the Articles of Incorporation of the Registrant effective February 18, 1992 filed as an exhibit to the Registrant’s Registration Statement on Form SB-2 (SEC File No. 33-66850), ordered effective on October 26, 1993, is incorporated herein by reference.\n\n \n\n \n\n \n\n[3.4](http://www.sec.gov/Archives/edgar/data/709005/000106880000000102/0001068800-00-000102.txt)\n\n \n\n[Articles of Amendment of the Articles of Incorporation of the Registrant effective May 11, 2000, filed as Annex A and Annex B to the Registrant’s Proxy Statement on Schedule 14A filed March 28, 2000, is incorporated herein by reference.](http://www.sec.gov/Archives/edgar/data/709005/000106880000000102/0001068800-00-000102.txt)\n\n \n\n \n\n \n\n[3.5](http://www.sec.gov/Archives/edgar/data/709005/000092627406000118/ex3-4.txt)\n\n \n\n[Articles of Amendment of the Articles of Incorporation of the Registrant effective April 16, 2001 filed as Exhibit 3.4 to Registrant’s annual report on Form 10-K for the year ended December 31, 2005, is incorporated herein by reference.](http://www.sec.gov/Archives/edgar/data/709005/000092627406000118/ex3-4.txt)\n\n \n\n \n\n \n\n[3.6](http://www.sec.gov/Archives/edgar/data/709005/000092627405000209/ex3-1.txt)\n\n \n\n[Articles of Amendment of the Articles of Incorporation of the Registrant effective August 23, 2005, filed as Exhibit 3.1 to the Registrant’s current report on Form 8-K filed August 29, 2005, is incorporated herein by reference.](http://www.sec.gov/Archives/edgar/data/709005/000092627405000209/ex3-1.txt)\n\n \n\n \n\n \n\n[3.7](http://www.sec.gov/Archives/edgar/data/709005/000165495417003591/nrom_ex37.htm)\n\n \n\n[Articles of Amendment of the Articles of Incorporation of the Registrant effective February 7, 2017, filed as Exhibit 3.7 to the Registrant’s Registration on Form S-1 (SEC File No.332-217442) filed April 25, 2017, is incorporated herein by reference.](http://www.sec.gov/Archives/edgar/data/709005/000165495417003591/nrom_ex37.htm)\n\n \n\n \n\n \n\n4.1\n\n \n\nDescription of Registered Securities\n\n \n\n \n\n \n\n4.2\n\n \n\nSpecimen Common Stock Certificates filed as an exhibit to the Registrant’s Registration Statement on Form S-18 filed October 22, 1982 and ordered effective on December 14, 1982 (SEC File No. 2-79963C), is incorporated herein by reference.\n\n \n\n \n\n \n\n[4.3](http://www.sec.gov/Archives/edgar/data/709005/000135448815003704/nrom_ex1011.htm)\n\n \n\n[Warrant to purchase common stock, dated July 1, 2015, filed as Exhibit 10.11 to the Registrant’s Form 10-Q filed on August 11, 2015, is incorporated herein by reference.](http://www.sec.gov/Archives/edgar/data/709005/000135448815003704/nrom_ex1011.htm)\n\n \n\n \n\n \n\n[4.4](http://www.sec.gov/Archives/edgar/data/709005/000165495420005246/nrom_ex43.htm)\n\n \n\n[Form of Senior Secured Promissory Note issued by Registrant to Corbel Capital Partners SBIC, L.P. dated February 7, 2020 and filed as Exhibit 4.3 to Registrant’s annual report on Form 10-K for the year ended December 31, 2019 is incorporated herein by reference.](http://www.sec.gov/Archives/edgar/data/709005/000165495420005246/nrom_ex43.htm)\n\n \n\n \n\n \n\n[10.1*](http://www.sec.gov/Archives/edgar/data/709005/000092627406000118/ex10-1.txt)\n\n \n\n[Employment Agreement with Paul W. Mobley dated January 2, 1999 filed as Exhibit 10.1 to Registrant’s annual report on Form 10-K for the year ended December 31, 2005, is incorporated herein by reference.](http://www.sec.gov/Archives/edgar/data/709005/000092627406000118/ex10-1.txt)\n\n \n\n \n\n \n\n[10.2*](http://www.sec.gov/Archives/edgar/data/709005/000092627406000118/ex10-2.txt)\n\n \n\n[Employment Agreement with A. Scott Mobley dated January 2, 1999 filed as Exhibit 10.2 to Registrant’s annual report on Form 10-K for the year ended December 31, 2005, is incorporated herein by reference.](http://www.sec.gov/Archives/edgar/data/709005/000092627406000118/ex10-2.txt)\n\n \n\n \n\n33\n\n*Table of Contents*\n\n \n\n10.3\n\n \n\nAgreement dated April 8, 2015, by and among Noble Roman’s, Inc. and the shareholder parties, filed as Exhibit 10.1 to Registrant’s Form 8-K filed on April 8, 2015, is incorporated herein by reference.\n\n \n\n \n\n \n\n[10.4](http://www.sec.gov/Archives/edgar/data/709005/000165495417002546/nrom_ex10-16.htm)\n\n \n\n[Form of 10% Convertible Subordinated Unsecured note filed as Exhibit 10.16 to the Registrant’s Form 10-K filed on March 27, 2017, is incorporated herein by reference.](http://www.sec.gov/Archives/edgar/data/709005/000165495417002546/nrom_ex10-16.htm)\n\n \n\n \n\n \n\n[10.5](http://www.sec.gov/Archives/edgar/data/709005/000165495417003591/nrom_ex1021.htm)\n\n \n\n[Form of Redeemable Common Stock Purchase Class A Warrant filed as Exhibit 10.21 to the Registrant’s Registration Statement on Form S-1 (SEC File No. 33-217442) on April 25, 2017, is incorporated herein by reference.](http://www.sec.gov/Archives/edgar/data/709005/000165495417003591/nrom_ex1021.htm)\n\n \n\n \n\n \n\n[10.6](http://www.sec.gov/Archives/edgar/data/709005/000165495417003591/nrom_ex1022.htm)\n\n \n\n[Registration Rights Agreement dated October 13, 2016 by and between the Registrant and the investors signatory thereto, filed as Exhibit 10.22 to the Registrant’s Registration Statement on Form S-1 (SEC File No. 33-217442) on April 25, 2017, is incorporated herein by reference.](http://www.sec.gov/Archives/edgar/data/709005/000165495417003591/nrom_ex1022.htm)\n\n \n\n \n\n \n\n[10.7](http://www.sec.gov/Archives/edgar/data/709005/000165495417003591/nrom_ex1023.htm)\n\n \n\n[First Amendment to the Registration Rights Agreement dated February 13, 2017 by and between the Registrant and the investors signatory thereto, filed as Exhibit 10.23 to the Registrant’s Registration Statement on Form S-1 (SEC File No. 33-217442) on April 25, 2017, is incorporated herein by reference.](http://www.sec.gov/Archives/edgar/data/709005/000165495417003591/nrom_ex1023.htm)\n\n \n\n \n\n \n\n[10.8](http://www.sec.gov/Archives/edgar/data/709005/000165495420005246/nrom_ex1011.htm)\n\n \n\n[Senior Secured Note and Warrant Purchase Agreement dated February 7, 2020 by and between the Registrant and Corbel Capital Partners SBIC, L.P. filed as Exhibit 10.11 to Registrant’s annual report on Form 10-K for the year ended December 31, 2019 is incorporated herein by reference.](http://www.sec.gov/Archives/edgar/data/709005/000165495420005246/nrom_ex1011.htm)\n\n \n\n \n\n \n\n[10.9](nrom_ex109.htm)\n\n \n\n[Amendment Number Four dated April 14, 2025, to the to the Senior Secured Note and Warrant Purchase Agreement by and between the Registrant and Corbel Capital Partners SBIC, L.P.](nrom_ex109.htm)\n\n \n\n \n\n \n\n21.1\n\n \n\nSubsidiaries of the Registrant filed in the Registrant’s Registration Statement on Form SB-2 (SEC File No 33-66850) ordered effective on October 26, 1993, is incorporated herein by reference.\n\n \n\n \n\n \n\n31.1\n\n \n\nC.E.O. Certification under Rule 13a-14(a)/15d-14(a)\n\n \n\n \n\n \n\n31.2\n\n \n\nC.F.O. Certification under Rule 13a-14(a)/15d-14(a)\n\n \n\n \n\n \n\n32.1\n\n \n\nC.E.O. Certification under Section 1350\n\n \n\n \n\n \n\n32.2\n\n \n\nC.F.O. Certification under Section 1350\n\n \n\n \n\n \n\n101\n\n \n\nInteractive Financial Data\n\n \n\n* Management contract for compensation plan."}