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Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Dec. 26, 2023
Sep. 26, 2023
CURRENT ASSETS:    
Cash and cash equivalents $ 3,515 $ 4,182
Receivables 1,334 769
Prepaid expenses and other 705 163
Inventories 1,424 1,407
Total current assets 6,978 6,521
PROPERTY AND EQUIPMENT:    
Land and building 5,722 5,722
Leasehold improvements 38,345 38,191
Fixtures and equipment 33,333 33,040
Total property and equipment 77,400 76,953
Less accumulated depreciation and amortization (54,847) (53,917)
Total net property and equipment 22,553 23,036
OTHER ASSETS:    
Operating lease right-of-use assets, net 39,153 40,007
Deferred tax assets, net 11,506 11,583
Deposits and other assets 270 277
Trademarks 3,900 3,900
Other intangibles, net 48 51
Goodwill 5,713 5,713
Other Assets, Noncurrent 60,590 61,531
TOTAL ASSETS: 90,121 91,088
CURRENT LIABILITIES:    
Accounts payable 2,642 2,585
Deferred income 60 67
Operating lease liabilities, current 5,902 5,787
Other accrued liabilities 6,874 6,451
Total current liabilities 15,478 14,890
LONG-TERM LIABILITIES:    
Maturities of long-term debt, net of current portion 1,250 750
Operating lease liabilities, net of current portion 41,202 42,332
Deferred and other liabilities 109 122
Total long-term liabilities 42,561 43,204
SHAREHOLDERS’ EQUITY:    
Preferred stock, $.01 par value; 5,000,000 shares authorized, no shares issued and outstanding as of December 26, 2023 and September 26, 2023 0 0
Common stock, $.001 par value; 50,000,000 shares authorized; 12,977,433 issued; 11,285,815 and 11,446,587 shares outstanding as of December 26, 2023 and September 26, 2023, respectively 13 13
Capital contributed in excess of par value 56,739 56,701
Treasury stock, at cost; 1,691,618 and 1,530,846 shares as of December 26, 2023 and September 26, 2023, respectively (5,346) (4,908)
Accumulated deficit (19,791) (19,235)
Total Good Times Restaurants Inc. shareholders' equity 31,615 32,571
Non-controlling interests 467 423
Total shareholders’ equity 32,082 32,994
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY $ 90,121 $ 91,088