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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jun. 27, 2023
Sep. 27, 2022
CURRENT ASSETS:    
Cash and cash equivalents $ 3,684 $ 8,906
Receivables 729 694
Prepaid expenses and other 1,414 888
Inventories 1,353 1,387
Total current assets 7,180 11,875
PROPERTY AND EQUIPMENT:    
Land and building 4,670 4,670
Leasehold improvements 37,520 35,906
Fixtures and equipment 31,730 30,664
Total property and equipment 73,920 71,240
Less accumulated depreciation and amortization (52,429) (48,989)
Total net property and equipment 21,491 22,251
OTHER ASSETS:    
Operating lease right-of-use assets, net 41,283 42,463
Deferred tax assets 11,398 0
Deposits and other assets 285 166
Trademarks 3,900 3,900
Other intangibles, net 14 20
Goodwill 5,713 5,713
Total other assets 62,593 52,262
TOTAL ASSETS: 91,264 86,388
CURRENT LIABILITIES:    
Accounts payable 1,022 628
Deferred income 72 48
Operating lease liabilities, current 5,673 5,430
Other accrued liabilities 6,834 6,791
Total current liabilities 13,601 12,897
LONG-TERM LIABILITIES:    
Operating lease liabilities, net of current portion 43,683 45,544
Deferred revenues and other liabilities 137 159
Total long-term liabilities 43,820 45,703
SHAREHOLDERS’ EQUITY:    
Preferred stock, $.01 par value; 5,000,000 shares authorized, no shares issued and outstanding as of June 27, 2023, and September 27, 2022 0 0
Common stock, $.001 par value; 50,000,000 shares authorized; 12,977,433 issued; 11,622,727 and 12,274,351 outstanding as of June 27, 2023 and September 27, 2022, respectively 13 13
Capital contributed in excess of par value 56,768 59,427
Treasury stock, at cost; 1,354,706 and 692,798 shares as of June 27, 2023, and September 27, 2022, respectively (4,354) (2,634)
Accumulated deficit (18,985) (30,321)
Total Good Times Restaurants Inc. shareholders' equity 33,442 26,485
Non-controlling interests 401 1,303
Total shareholders’ equity 33,843 27,788
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY $ 91,264 $ 86,388