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RECENT RESTAURANT DISPOSITIONS
3 Months Ended
Dec. 29, 2018
Recent Restaurant Dispositions [Abstract]  
Recent Restaurant Dispositions [Text Block]

3. RECENT RESTAURANT DISPOSITIONS


As of December 29, 2018, the Company determined that it would not be able to operate Durgin-Park profitably due to decreased traffic at the Faneuil Hall Marketplace in Boston, MA, where it is located, and rising labor costs. As a result, included in the Statement of Operations for the 13 weeks ended December 29, 2018 is a loss on closure in the amount of $1,067,000 consisting of: (i) impairment of trademarks in the amount of $721,000, (ii) accelerated depreciation of fixed assets in the amount of $333,000, and (iii) write-offs of prepaid expenses in the amount of $13,000. During the second quarter of 2019 the Company will incur additional operating costs and related disposal costs upon the final closing of the restaurant on January 12, 2019.