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Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 26, 2023
Sep. 27, 2022
CURRENT ASSETS:    
Cash and cash equivalents $ 4,182 $ 8,906
Receivables 769 694
Prepaid expenses and other 235 888
Inventories 1,407 1,387
Total current assets 6,593 11,875
PROPERTY AND EQUIPMENT    
Land and building 5,722 4,670
Leasehold improvements 38,191 35,906
Fixtures and equipment 33,040 30,664
Property, Plant and Equipment, Gross 76,953 71,240
Less accumulated depreciation and amortization (53,917) (48,989)
Total net property and equipment 23,036 22,251
OTHER ASSETS:    
Operating lease right-of-use assets, net 39,935 42,463
Deferred tax assets, net 11,583 0
Deposits and other assets 292 166
Trademarks 3,900 3,900
Other intangibles, net 36 20
Goodwill 5,713 5,713
Other Assets, Noncurrent 61,459 52,262
TOTAL ASSETS 91,088 86,388
CURRENT LIABILITIES:    
Accounts payable 2,585 628
Deferred income 67 48
Operating lease liabilities, current 5,787 5,430
Other accrued liabilities 6,451 6,791
Total current liabilities 14,890 12,897
LONG-TERM LIABILITIES:    
Maturities of long-term debt, net of current portion 750 0
Operating lease liabilities, net of current portion 42,332 45,544
Deferred and other liabilities 122 159
Total long-term liabilities 43,204 45,703
COMMITMENTS AND CONTINGENCIES (Note 5)
SHAREHOLDERS’  EQUITY:    
Preferred stock, $.01 par value;5,000,000 shares authorized, zero shares issued and outstanding as of September 26, 2023 and September 27, 2022, respectively 0 0
Common stock, $.001 par value; 50,000,000 shares authorized; 12,977,433 issued; 11,446,587 and 12,274,351 shares outstanding as of September 26, 2023 and September 27, 2022, respectively 13 13
Capital contributed in excess of par value 56,701 59,427
Treasury stock, at cost 1,530,846 and 692,798 shares as of September 26, 2023 and September 27, 2022, respectively (4,908) (2,634)
Accumulated deficit (19,235) (30,321)
Total Good Times Restaurants Inc. shareholders' equity 32,571 26,485
Non-controlling interests 423 1,303
Total shareholders’ equity 32,994 27,788
TOTAL LIABILITIES AND SHAREHOLDERS’  EQUITY $ 91,088 $ 86,388