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Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 27, 2022
Sep. 28, 2021
CURRENT ASSETS:    
Cash and cash equivalents $ 8,906 $ 8,856
Receivables 694 644
Prepaid expenses and other 888 641
Inventories 1,387 1,303
Total current assets 11,875 11,444
PROPERTY AND EQUIPMENT    
Land and building 4,670 4,704
Leasehold improvements 35,906 35,089
Fixtures and equipment 30,664 30,286
Total property and equipment 71,240 70,079
Less accumulated depreciation and amortization (48,989) (42,852)
Total net property and equipment 22,251 27,227
OTHER ASSETS:    
Operating lease right-of-use assets, net 42,463 45,737
Deposits and other assets 166 219
Trademarks 3,900 3,900
Other intangibles, net 20 4
Goodwill 5,713 5,150
Total other assets 52,262 55,010
TOTAL ASSETS 86,388 93,681
CURRENT LIABILITIES:    
Accounts payable 628 1,496
Deferred income 48 61
Operating lease liabilities, current 5,430 4,935
Other accrued liabilities 6,791 6,394
Total current liabilities 12,897 12,886
LONG-TERM LIABILITIES:    
Operating lease liabilities, net of current portion 45,544 49,723
Deferred and other liabilities 159 202
Total long-term liabilities 45,703 49,925
Good Times Restaurants Inc. shareholders’ equity:    
Preferred stock, $.01 par value; 5,000,000 shares authorized, 0 shares issued and outstanding as of September 27, 2022 and September 28, 2021, respectively
Common stock, $.001 par value; 50,000,000 shares authorized 12,274,351 and 12,512,072 shares issued and outstanding as of September 27, 2022 and September 28, 2021, respectively 13 13
Capital contributed in excess of par value 59,427 59,021
Treasury stock, at cost 692,798 and 376,351 shares as of September 27, 2022 and September 28, 2021, respectively (2,634) (1,608)
Accumulated deficit (30,321) (27,680)
Total Good Times Restaurants Inc. shareholders' equity 26,485 29,746
Non-controlling interests 1,303 1,124
Total shareholders’ equity 27,788 30,870
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY $ 86,388 $ 93,681