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CONSOLIDATED CONDENSED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2018
Sep. 30, 2017
CURRENT ASSETS:    
Cash and cash equivalents (includes $308 at June 30, 2018 and $363 at September 30, 2017 related to VIEs) $ 5,006 $ 1,406
Accounts receivable (includes $636 at June 30, 2018 and $367 at September 30, 2017 related to VIEs) 3,509 3,353
Employee receivables 335 399
Inventories (includes $21 at June 30, 2018 and $22 at September 30, 2017 related to VIEs) 2,063 1,992
Prepaid and refundable income taxes (includes $238 at June 30, 2018 and $226 at September 30, 2017 related to VIEs) 555 945
Prepaid expenses and other current assets (includes $50 at June 30, 2018 and $63 at September 30, 2017 related to VIEs) 1,594 1,988
Total current assets 13,062 10,083
FIXED ASSETS - Net (includes $0 at June 30, 2018 and $6 at September 30, 2017 related to VIEs) 46,128 45,215
INTANGIBLE ASSETS - Net 361 409
GOODWILL 9,880 9,880
TRADEMARKS 3,331 3,331
DEFERRED INCOME TAXES 2,693 1,491
OTHER ASSETS (includes $82 at June 30, 2018 and $71 at September 30, 2017 related to VIEs) 2,689 2,679
TOTAL ASSETS 85,166 80,067
CURRENT LIABILITIES:    
Accounts payable - trade (includes $127 at June 30, 2018 and $116 at September 30, 2017 related to VIEs) 4,584 4,750
Accrued expenses and other current liabilities (includes $426 at June 30, 2018 and $260 at September 30, 2017 related to VIEs) 10,905 10,176
Dividend payable 868 857
Borrowings under credit facility 6,568 6,198
Current portion of notes payable 1,251 4,174
Total current liabilities 17,608 26,155
OPERATING LEASE DEFERRED CREDIT (includes $6 at June 30, 2018 and $51 at September 30, 2017 related to VIEs) 3,396 3,648
NOTES PAYABLE, LESS CURRENT PORTION, net of deferred financing costs 20,163 7,824
TOTAL LIABILITIES 41,167 37,627
COMMITMENTS AND CONTINGENCIES EQUITY:
Common stock, par value $.01 per share - authorized, 10,000 shares; issued and outstanding, 3,470 shares at June 30, 2018 and 3,428 shares at September 30, 2017 35 34
Additional paid-in capital 13,377 12,639
Retained earnings 28,833 27,771
Total Ark Restaurants Corp. shareholders’ equity 42,245 40,444
NON-CONTROLLING INTERESTS 1,754 1,996
TOTAL EQUITY 43,999 42,440
TOTAL LIABILITIES AND EQUITY 85,166 80,067
New Meadowlands Racetrack LLC [Member]    
CURRENT ASSETS:    
INVESTMENT IN AND RECEIVABLE FROM NEW MEADOWLANDS RACETRACK $ 7,022 $ 6,979