INCOME TAXES (Tables)

12 Months Ended

Sep. 30, 2023

Income Tax [Abstract]

Schedule of Provision for Income Taxes

The components of our provision for income taxes for our fiscal years 2023 and 2022 are as follows:

	(in thousands)
	2023		2022
Current:
Federal	$	298	$	302
State		289		262
Deferred:		587		564
Federal		(84)		172
State		146		27
		62		199
	$	649	$	763

Schedule of Reconciliation of Income Tax

A reconciliation of income tax computed at the statutory federal rate to income tax expense is as follows:

	(in thousands)
	2023			2022
Tax provision at the statutory rate	$	1,273		$	2,061
Non-controlling interests		(297	)		(575	)
State income taxes, net of federal income tax		343			210
FICA tip credit		(799	)		(744	)
True up adjustment		89			43
PPP forgiveness		—			(252	)
Other permanent items, net		40			20
	$	649		$	763

Schedule of Deferred Tax Assets Liabilities

The components of our deferred tax assets (liabilities) at September 30, 2023 and October 1, 2022 were as follows:

	(in thousands)
	2023			2022
Reversal of aged payables	$	18		$	18
Capitalized inventory costs		28			26
Accrued bonuses		66			84
Accruals for potential uninsured claims		13			19
Gift cards		223			198
Deferred revenue		179			—
Limited partnership management fees		(873	)		(862	)
Tip credit		570			71
Book/tax differences in property and equipment		(1,573	)		(1,106	)
Book/tax differences in operating leases		134			488
Limited partnership investments		475			394
Interest rate swaps		(134	)		—
Accrued limited retirement		73			65
Total Deferred Tax Liabilities, Net	$	(801	)	$	(605	)