Income Taxes (Tables)

12 Months Ended

Sep. 28, 2021

Schedule of Deferred Tax Assets and Liabilities

Deferred tax assets (liabilities) are comprised of the following at the period end (in thousands):

	September 28, 2021			September 29, 2020
	Long Term			Long Term
Deferred income tax assets (liabilities):
Tax effect of net operating loss carry-forward	$	4,061		$	2,686
General business credits		4,353			3,618
Partnership/joint venture basis differences		(5	)		(2	)
Deferred revenue		65			80
Property and Equipment basis differences		(1,764	)		(1,866	)
Intangibles basis differences		678			1,087
ROU asset		(9,804	)		(10,516	)
Long-term lease liability		11,782			12,549
Other accrued liability and asset difference		5			(232	)
Deferred tax assets		9,371			7,404
Less valuation allowance		(9,371	)		(7,404	)
Net deferred tax asset (liabilities)	$	-		$	-

Schedule of Income Tax Benefit Expense

The following table summarizes the components of the provision for income taxes (in thousands):

	Fiscal 2021		Fiscal 2020
Current income tax expense (benefit)	$	6	$	-
Deferred income tax expense (benefit)		-		-
Total income tax expense (benefit)	$	6	$	-

Schedule of Income Tax Expense

Total income tax expense for the years ended September 28, 2021 and September 29, 2020 differed from the amounts computed by applying the U.S. Federal statutory tax rate to pre-tax income as follows (in thousands):

	Fiscal 2021			Fiscal 2020
Total expense (benefit) computed by applying statutory federal rate	$	3,527		$	(2,922	)
State income tax, net of federal tax benefit		260			(51	)
FICA/WOTC tax credits		(587	)		(550	)
Effect of change in tax law		(2,875	)		-
Effect of change in valuation allowance		1,967			763
Permanent differences		(2,338	)		2,510
Other		52			250
Provision for income taxes	$	6		$	-