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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 30, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 1,265 $ 1,149
Accounts receivable 4,064 4,058
Inventories 10,218 10,500
Prepaid expenses and other assets 3,034 4,156
Income tax receivable 312 329
Total current assets 18,893 20,192
Property and equipment, net 107,359 137,237
Operating lease assets, net 126,319 157,821
Goodwill 7,154 7,154
Intangibles, net 420 495
Other assets, net 1,526 1,749
Total long-term assets 242,778 304,456
Total assets 261,671 324,648
Current liabilities:    
Accounts payable 16,545 13,194
Accrued payroll and benefits 7,235 7,632
Accrued expenses and other current liabilities 11,808 12,836
Current operating lease liabilities 26,257 32,055
Total current liabilities 61,845 65,717
Long-term debt, net 108,776 100,742
Long-term operating lease liabilities, net 126,924 156,723
Deferred tax liabilities, net 316 276
Other long-term liabilities 9,115 6,769
Total liabilities 306,976 330,227
Commitments and contingencies
Stockholders’ deficit:    
Preferred stock—$0.01 par value, 1,000,000 shares authorized and undesignated as of December 30, 2025 and December 31, 2024; no shares issued or outstanding 0 0
Common stock—$0.01 par value, 180,000,000 shares authorized as of December 30, 2025 and December 31, 2024; 6,155,333 issued and 5,852,349 outstanding as of December 30, 2025; 6,020,235 issued and 5,717,251 outstanding as of December 31, 2024 (1) 62 60
Treasury stock, at cost, 302,984 shares as of December 30, 2025 and December 31, 2024, respectively(1) [1] (35,000) (35,000)
Additional paid-in capital 216,658 213,818
Accumulated deficit (227,025) (184,457)
Total stockholders’ deficit (45,305) (5,579)
Total liabilities and stockholders’ deficit $ 261,671 $ 324,648
[1] ) Shares have been retroactively adjusted to reflect the decreased number of shares resulting from a 1-for-8 reverse stock split.