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CONSOLIDATED CONDENSED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2018
Sep. 30, 2017
CURRENT ASSETS:    
Cash and cash equivalents (includes $383 at March 31, 2018 and $363 at September 30, 2017 related to VIEs) $ 963 $ 1,406
Accounts receivable (includes $463 at March 31, 2018 and $367 at September 30, 2017 related to VIEs) 3,537 3,353
Employee receivables 352 399
Inventories (includes $18 at March 31, 2018 and $22 at September 30, 2017 related to VIEs) 1,988 1,992
Prepaid and refundable income taxes (includes $228 at March 31, 2018 and $226 at September 30, 2017 related to VIEs) 982 945
Prepaid expenses and other current assets (includes $55 at March 31, 2018 and $63 at September 30, 2017 related to VIEs) 1,705 1,988
Total current assets 9,527 10,083
FIXED ASSETS - Net (includes $1 at March 31, 2018 and $6 at September 30, 2017 related to VIEs) 46,336 45,215
INTANGIBLE ASSETS - Net 372 409
GOODWILL 9,880 9,880
TRADEMARKS 3,331 3,331
DEFERRED INCOME TAXES 2,696 1,491
OTHER ASSETS (includes $82 at March 31, 2018 and $71 at September 30, 2017 related to VIEs) 2,716 2,679
TOTAL ASSETS 81,865 80,067
CURRENT LIABILITIES:    
Accounts payable - trade (includes $63 at March 31, 2018 and $116 at September 30, 2017 related to VIEs) 4,557 4,750
Accrued expenses and other current liabilities (includes $368 at March 31, 2018 and $260 at September 30, 2017 related to VIEs) 10,308 10,176
Dividend payable   857
Borrowings under credit facility 10,998 6,198
Current portion of notes payable 4,183 4,174
Total current liabilities 30,046 26,155
OPERATING LEASE DEFERRED CREDIT (includes $33 at March 31, 2018 and $51 at September 30, 2017 related to VIEs) 3,492 3,648
NOTES PAYABLE, LESS CURRENT PORTION, net of deferred financing costs 6,770 7,824
TOTAL LIABILITIES 40,308 37,627
COMMITMENTS AND CONTINGENCIES
EQUITY:    
Common stock, par value $.01 per share - authorized, 10,000 shares; issued and outstanding, 3,437 shares at March 31, 2018 and 3,428 shares at September 30, 2017 34 34
Additional paid-in capital 12,822 12,639
Retained earnings 27,043 27,771
Total Ark Restaurants Corp. shareholders’ equity 39,899 40,444
NON-CONTROLLING INTERESTS 1,658 1,996
TOTAL EQUITY 41,557 42,440
TOTAL LIABILITIES AND EQUITY 81,865 80,067
New Meadowlands Racetrack LLC [Member]    
CURRENT ASSETS:    
INVESTMENT IN AND RECEIVABLE FROM NEW MEADOWLANDS RACETRACK $ 7,007 $ 6,979