Gain on Sale of Assets and Lease Termination

3 Months Ended

Dec. 27, 2022

Gain on Sale of Assets and Lease Termination [Abstract]

Gain on Sale of Assets and Lease Termination

Note 6. Gain on Sale of Assets and Lease Termination

For the fiscal quarter ended December 27, 2022, the Company had $8,000 of deferred gains on prior sale-leaseback transactions related to certain Good Times restaurants offset by approximately $8,000 of losses incurred in the disposal of miscellaneous assets. During the fiscal quarter ended December 27, 2021 we recognized a $607,000 gain in connection with a landlord’s exercising a lease termination option for one Good Times restaurant and also recognized $7,000 in deferred gain on prior sale-leaseback transactions related to certain Good Times restaurants.