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Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
Jun. 30, 2019
Mar. 31, 2019
CURRENT ASSETS    
Cash and cash equivalents (Note F) $ 73,903,000 $ 75,446,000
Accounts and other receivables, net (Note H) 14,974,000 10,173,000
Inventories 748,000 535,000
Prepaid expenses and other current assets (Note I) 773,000 1,007,000
Total current assets 90,398,000 87,161,000
Property and equipment, net of accumulated depreciation of $8,916 and $8,611, respectively 4,684,000 4,889,000
Operating lease assets 7,655,000
Goodwill 95,000 95,000
Intangible asset 1,353,000 1,353,000
Deferred income taxes 351,000 343,000
Other assets 465,000 465,000
Total assets 105,001,000 94,306,000
CURRENT LIABILITIES    
Current portion of operating lease liabilities 1,065,000
Accounts payable 5,806,000 5,222,000
Accrued expenses and other current liabilities (Note J) 6,677,000 9,384,000
Contract with Customer, Liability, Current 306,000 318,000
Total current liabilities 13,854,000 14,924,000
Long-term debt, net of unamortized debt issuance costs of $4,378 and $4,551, respectively (Note O) 145,622,000 145,449,000
Long-term operating lease liabilities 7,308,000
Other liabilities 745,000 1,390,000
Deferred franchise fees 2,620,000 2,687,000
Total liabilities 170,149,000 164,450,000
COMMITMENTS AND CONTINGENCIES (Note Q)
STOCKHOLDERS’ (DEFICIT)    
Common stock, $.01 par value; 30,000,000 shares authorized; 9,368,572 and 9,336,338 shares issued; and 4,226,809 and 4,194,575 shares outstanding at June 30, 2019 and March 31, 2019, respectively 94,000 93,000
Additional paid-in capital 62,050,000 60,945,000
(Accumulated deficit) (48,989,000) (52,879,000)
Stockholders’ equity before treasury stock 13,155,000 8,159,000
Treasury stock, at cost, 5,141,763 shares at June 30, 2019 and March 31, 2019 (78,303,000) (78,303,000)
Total stockholders’ deficit (65,148,000) (70,144,000)
Total liabilities and stockholders’ deficit $ 105,001,000 $ 94,306,000