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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Mar. 29, 2022
Sep. 28, 2021
CURRENT ASSETS:    
Cash and cash equivalents $ 7,066 $ 8,856
Receivables, net of allowance for doubtful accounts of $0 1,415 644
Prepaid expenses and other 1,817 641
Inventories 1,380 1,303
Total current assets 11,678 11,444
PROPERTY AND EQUIPMENT:    
Land and building 4,670 4,704
Leasehold improvements 35,044 35,089
Fixtures and equipment 29,855 30,286
Total property and equipment 69,569 70,079
Less accumulated depreciation and amortization (45,367) (42,852)
Total net property and equipment 24,202 27,227
OTHER ASSETS:    
Operating lease right-of-use assets, net 44,741 45,737
Deposits and other assets 213 219
Trademarks 3,900 3,900
Other intangibles, net 24 4
Goodwill 5,713 5,150
Total other assets 54,591 55,010
TOTAL ASSETS: 90,471 93,681
CURRENT LIABILITIES:    
Accounts payable 705 1,496
Deferred income 57 61
Operating lease liabilities, current 5,279 4,935
Other accrued liabilities 6,677 6,394
Total current liabilities 12,718 12,886
LONG-TERM LIABILITIES:    
Operating lease liabilities, net of current portion 48,215 49,723
Deferred and other liabilities 176 202
Total long-term liabilities 48,391 49,925
Good Times Restaurants Inc. shareholders’ equity:    
Preferred stock, $.01 par value; 5,000,000 shares authorized, no shares issued and outstanding as of March 29, 2022 and September 28, 2021
Common stock, $.001 par value; 50,000,000 shares authorized, 12,487,591 and 12,512,072 shares issued and outstanding as of March 29, 2022 and September 28, 2021, respectively 13 13
Capital contributed in excess of par value 59,258 59,021
Treasury stock, at cost; 452,251 and 376,351 shares as of March 29, 2022 and September 28, 2021, respectively (1,939) (1,608)
Accumulated deficit (29,500) (27,680)
Total Good Times Restaurants Inc. shareholders' equity 27,832 29,746
Non-controlling interests 1,530 1,124
Total shareholders’ equity 29,362 30,870
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY $ 90,471 $ 93,681