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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Dec. 27, 2022
Sep. 27, 2022
CURRENT ASSETS:    
Cash and cash equivalents $ 6,914 $ 8,906
Receivables, net of allowance for doubtful accounts of $0 1,119 694
Prepaid expenses and other 1,962 888
Inventories 1,394 1,387
Total current assets 11,389 11,875
PROPERTY AND EQUIPMENT:    
Land and building 4,670 4,670
Leasehold improvements 36,277 35,906
Fixtures and equipment 31,164 30,664
Total property and equipment 72,111 71,240
Less accumulated depreciation and amortization (49,919) (48,989)
Total net property and equipment 22,192 22,251
OTHER ASSETS:    
Operating lease right-of-use assets, net 40,867 42,463
Deposits and other assets 159 166
Trademarks 3,900 3,900
Other intangibles, net 18 20
Goodwill 5,713 5,713
Total other assets 50,657 52,262
TOTAL ASSETS: 84,238 86,388
CURRENT LIABILITIES:    
Accounts payable 951 628
Deferred income 48 48
Operating lease liabilities, current 5,394 5,430
Other accrued liabilities 7,038 6,791
Total current liabilities 13,431 12,897
LONG-TERM LIABILITIES:    
Operating lease liabilities, net of current portion 43,846 45,544
Deferred and other liabilities 151 159
Total long-term liabilities 43,997 45,703
Good Times Restaurants Inc. shareholders’ equity:    
Preferred stock, $.01 par value; 5,000,000 shares authorized, no shares issued and outstanding as of December 27, 2022 and September 27, 2022
Common stock, $.001 par value; 50,000,000 shares authorized, 11,913,240 and 12,274,351 shares issued and outstanding as of December 27, 2022 and September 27, 2022, respectively 13 13
Capital contributed in excess of par value 59,386 59,427
Treasury stock, at cost; 1,064,193 and 692,798 shares as of December 27, 2022 and September 27, 2022, respectively (3,507) (2,634)
Accumulated deficit (30,448) (30,321)
Total Good Times Restaurants Inc. shareholders' equity 25,444 26,485
Non-controlling interests 1,366 1,303
Total shareholders’ equity 26,810 27,788
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY $ 84,238 $ 86,388