XML 14 R4.htm IDEA: XBRL DOCUMENT v3.22.4
CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
Dec. 31, 2022
Oct. 01, 2022
CURRENT ASSETS:    
Cash and cash equivalents $ 43,143,000 $ 42,138,000
Prepaid income taxes 298,000 235,000
Other receivables 639,000 456,000
Inventories 6,564,000 6,489,000
Prepaid expenses 730,000 1,575,000
Total Current Assets 51,374,000 50,893,000
Property and Equipment, Net 58,525,000 55,747,000
Construction in progress 5,408,000 7,517,000
Total Property, Equipment and Construction in Progress 63,933,000 63,264,000
Right-of-use assets, operating leases 28,907,000 29,517,000
Investment in Limited Partnership 283,000 294,000
OTHER ASSETS:    
Liquor licenses 1,268,000 1,268,000
Leasehold interests, net 80,000 86,000
Deposits on property and equipment 3,057,000 1,860,000
Other 270,000 310,000
Total Other Assets 4,675,000 3,524,000
Total Assets 149,172,000 147,492,000
CURRENT LIABILITIES:    
Accounts payable and accrued expenses 9,130,000 8,111,000
Accrued compensation 2,639,000 2,104,000
Due to franchisees 4,980,000 4,780,000
Current portion of long-term debt 1,249,000 2,299,000
Operating lease liability, current 2,289,000 2,253,000
Deferred revenue 4,412,000 2,629,000
Total Current Liabilities 24,699,000 22,176,000
Long Term Debt, Net of Current Portion 22,785,000 23,090,000
Operating lease liabilities, non-current 27,698,000 28,281,000
Deferred tax liabilities 605,000 605,000
Total Liabilities 75,787,000 74,152,000
Equity:    
Common stock, $.10 par value, 5,000,000 shares authorized; 4,197,642 shares issued 420,000 420,000
Capital in excess of par value 6,240,000 6,240,000
Retained earnings 55,710,000 55,086,000
Treasury stock, at cost, 2,338,995 shares (6,077,000) (6,077,000)
Total Flanigan’s Enterprises, Inc. stockholders’ equity 56,293,000 55,669,000
Noncontrolling interests 17,092,000 17,671,000
Total equity 73,385,000 73,340,000
Total liabilities and equity $ 149,172,000 $ 147,492,000