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Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Mar. 26, 2024
Sep. 26, 2023
CURRENT ASSETS:    
Cash and cash equivalents $ 4,000 $ 4,182
Receivables 862 769
Prepaid expenses and other 768 163
Inventories 1,434 1,407
Total current assets 7,064 6,521
PROPERTY AND EQUIPMENT:    
Land and building 5,722 5,722
Leasehold improvements 38,481 38,191
Fixtures and equipment 33,811 33,040
Total property and equipment 78,014 76,953
Less accumulated depreciation and amortization (55,787) (53,917)
Total net property and equipment 22,227 23,036
OTHER ASSETS:    
Operating lease right-of-use assets, net 38,160 40,007
Deferred tax assets 11,584 11,583
Deposits and other assets 266 277
Trademarks 3,900 3,900
Other intangibles, net 41 51
Goodwill 5,713 5,713
Total other assets 59,664 61,531
TOTAL ASSETS: 88,955 91,088
CURRENT LIABILITIES:    
Accounts payable 2,745 2,585
Deferred income 46 67
Operating lease liabilities, current 6,078 5,787
Other accrued liabilities 6,710 6,451
Total current liabilities 15,579 14,890
LONG-TERM LIABILITIES:    
Maturities of long-term debt 1,250 750
Operating lease liabilities, net of current portion 39,875 42,332
Deferred revenues and other liabilities 116 122
Total long-term liabilities 41,241 43,204
SHAREHOLDERS’ EQUITY:    
Preferred stock, $.01 par value; 5,000,000 shares authorized, no shares issued and outstanding as of March 26, 2024 and September 26, 2023 0 0
Common stock, $.001 par value; 50,000,000 shares authorized; 12,977,433 issued; and 11,033,319 and 11,446,587 outstanding as of March 26, 2024 and September 26, 2023, respectively 13 13
Capital contributed in excess of par value 56,779 56,701
Treasury stock, at cost; 1,944,114 and 1,530,846 shares as of March 26, 2024 and September 26, 2023, respectively (5,992) (4,908)
Accumulated deficit (19,173) (19,235)
Total Good Times Restaurants Inc. shareholders’ equity 31,627 32,571
Non-controlling interests 508 423
Total shareholders’ equity 32,135 32,994
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY $ 88,955 $ 91,088