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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jun. 28, 2022
Sep. 28, 2021
CURRENT ASSETS:    
Cash and cash equivalents $ 9,704 $ 8,856
Receivables, net of allowance for doubtful accounts of $0 662 644
Prepaid expenses and other current assets 1,387 641
Inventories 1,385 1,303
Total current assets 13,138 11,444
PROPERTY AND EQUIPMENT:    
Land and building 4,670 4,704
Leasehold improvements 35,541 35,089
Fixtures and equipment 30,011 30,286
Total property and equipment 70,222 70,079
Less accumulated depreciation and amortization (46,683) (42,852)
Total net property and equipment 23,539 27,227
OTHER ASSETS:    
Operating lease right-of-use assets, net 43,566 45,737
Deposits and other assets 176 219
Trademarks 3,900 3,900
Other intangibles, net 22 4
Goodwill 5,713 5,150
Total other assets 53,377 55,010
TOTAL ASSETS: 90,054 93,681
CURRENT LIABILITIES:    
Accounts payable 753 1,496
Deferred income 57 61
Operating lease liabilities, current 5,349 4,935
Other accrued liabilities 7,412 6,394
Total current liabilities 13,571 12,886
LONG-TERM LIABILITIES:    
Operating lease liabilities, net of current portion 46,859 49,723
Deferred and other liabilities 161 202
Total long-term liabilities 47,020 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 June 28, 2022 and September 28, 2021
Common stock, $.001 par value; 50,000,000 shares authorized, 12,393,843 and 12,512,072 shares issued and outstanding as of June 28, 2022 and September 28, 2021, respectively 13 13
Capital contributed in excess of par value 59,318 59,021
Treasury stock, at cost; 545,999 and 376,351 shares as of June 28, 2022 and September 28, 2021, respectively (2,213) (1,608)
Accumulated deficit (29,031) (27,680)
Total Good Times Restaurants Inc. shareholders' equity 28,087 29,746
Non-controlling interests 1,376 1,124
Total shareholders’ equity 29,463 30,870
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY $ 90,054 $ 93,681