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Unaudited Condensed Consolidated Statements of Cash Flows - 10Q - USD ($)
$ in Thousands
5 Months Ended 6 Months Ended
Oct. 15, 2023
Oct. 09, 2022
Cash flows from operating activities:    
Net (loss) income $ (10,329) $ 1,645
Adjustments to reconcile net (loss) income to net cash used in operating activities:    
Gain on modification of operating leases (3,281) 0
Depreciation expense 3,341 3,714
Non-cash operating lease expense 2,646 2,560
Operating lease tenant allowances 1,272 2,424
Stock based compensation 361 111
Gain on change in fair value of warrant liability (1,350) 0
Gain on extinguishment of debt 0 (8,448)
Amortization of debt issuance costs 897 9
Accounts receivable 188 (56)
Inventories (28) (59)
Prepaid expenses and other current assets (85) 49
Other long-term assets (5,005) 0
Accrued occupancy costs (4,210) (2,038)
Other accrued liabilities 289 (408)
Operating lease liabilities (4,697) (4,101)
Net cash (used in) operating activities (15,924) (997)
Cash flows from investing activities:    
Purchase of property and equipment (9,793) (3,539)
Net cash provided by (used in) investing activities (9,793) (3,539)
Cash flows from financing activities:    
Proceeds from stock option exercises 0 6
Proceeds from issuance of preferred stock, net 19,843 200
De-SPAC transaction costs (1,540) 0
Principal payments on long-term notes payable (283) (999)
Debt issuance costs (247) 0
Redemption of long-term notes payable 0 (100)
Proceeds from long-term borrowings 7,499 0
Net cash provided by (used in) financing activities 25,272 (893)
Net change in cash and cash equivalents (445) (5,429)
Cash and cash equivalents, beginning of period 8,436 8,907
Cash and cash equivalents, end of period 7,991 3,478
Supplemental disclosures of cash flow information:    
Cash paid for interest 2,287 529
Supplemental disclosures of non-cash operating, investing and financing activities:    
Conversion of long-term borrowings to preferred shares 0 1,050
(Increase) decrease in operating lease right-of-use assets 560 (2,654)
Non-cash finance obligation 665 0
Non-cash capital expenditures included in accounts payable 2,798 3,288
Change in redemption amount of preferred stock 1,423 0
Cumulative unpaid dividends on preferred stock 528 0
Nonrelated Party    
Adjustments to reconcile net (loss) income to net cash used in operating activities:    
Accounts payable 3,258 3,578
Related Party    
Adjustments to reconcile net (loss) income to net cash used in operating activities:    
Accounts payable $ 809 $ 23