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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Mar. 28, 2023
Sep. 27, 2022
CURRENT ASSETS:    
Cash and cash equivalents $ 5,367 $ 8,906
Receivables 603 694
Prepaid expenses and other 1,745 888
Inventories 1,321 1,387
Total current assets 9,036 11,875
PROPERTY AND EQUIPMENT:    
Land and building 4,670 4,670
Leasehold improvements 36,492 35,906
Fixtures and equipment 31,143 30,664
Total property and equipment 72,305 71,240
Less accumulated depreciation and amortization (50,461) (48,989)
Total net property and equipment 21,844 22,251
OTHER ASSETS:    
Operating lease right-of-use assets, net 40,383 42,463
Deferred tax assets 10,847
Deposits and other assets 157 166
Trademarks 3,900 3,900
Other intangibles, net 16 20
Goodwill 5,713 5,713
Total other assets 61,016 52,262
TOTAL ASSETS: 91,896 86,388
CURRENT LIABILITIES:    
Accounts payable 2,382 628
Deferred income 45 48
Operating lease liabilities, current 5,506 5,430
Other accrued liabilities 7,437 6,791
Total current liabilities 15,370 12,897
LONG-TERM LIABILITIES:    
Operating lease liabilities, net of current portion 43,063 45,544
Deferred revenues and other liabilities 134 159
Total long-term liabilities 43,197 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 March 28, 2023 and September 27, 2022
Common stock, $.001 par value; 50,000,000 shares authorized; 12,977,433 issued; and 11,746,350 and 12,274,351 outstanding as of March 28, 2023 and September 27, 2022, respectively 13 13
Capital contributed in excess of par value 56,754 59,427
Treasury stock, at cost; 1,231,083 and 692,798 shares as of March 28, 2023 and September 27, 2022, respectively (3,974) (2,634)
Accumulated deficit (19,827) (30,321)
Total Good Times Restaurants Inc. shareholders' equity 32,966 26,485
Non-controlling interests 363 1,303
Total shareholders’ equity 33,329 27,788
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY $ 91,896 $ 86,388