Other Related-Party Transactions	6 Months Ended
Jun. 30, 2024
Related Party Transactions [Abstract]
Other Related-Party Transactions	(14) Other Related-Party Transactions The Company purchased approximately $189 thousand and $528 thousand for the three months ended June 30, 2024 and June 30, 2023, respectively, of supplies from Pacific Global (“PGD”), which is 100% owned by Mr. Jae Chang, our Co-Chief Executive Officer and Mr. Chang's direct family. The Company purchased approximately $424 thousand and $1.3 million of supplies from PGD for the six months ended June 30, 2024 and June 30, 2023, respectively. In 2016, the Company entered into a management agreement with JL Restaurant Management, Inc., a third party which shares offices with Mr. Jae Chang, our Co-Chief Executive Officer. Pursuant to the agreement, the Company paid approximately $0.5 million during the three months ended June 30, 2023 and $1.1 million during the six months ended June 30, 2023. Following the IPO this management agreement was terminated effective July 1, 2023. The Company purchased $2.8 million of food from Wise Universal Inc., an affiliate 60% owned by Mr. Chang for the three months ended June 30, 2023. The Company purchased approximately $6.4 million of food from Wise for the six months ended June 30, 2023. No purchases were made from Wise in 2024. On August 29, 2014, the Company entered into a consulting agreement (the “Consulting Agreement”) with Ignite Enterprise, LLC, (“Ignite”), 100% owned by Mr. David Kim, our Co-Chief Executive Officer, which provides for annual fees of up to 25% of gross revenue in exchange for various consulting services. The Company paid $1.4 million for the three months ended June 30, 2023, and paid approximately $2.3 million for the six months ended June 30, 2023. Following the IPO this agreement was terminated effective July 1, 2023. As of December 31, 2023, GEN Mountain View had a related party account payable to a company owned by Mr. David Kim for purchases of fixed assets during 2018. During the three and six months ended June 30, 2024, GEN Mountain View paid $48 thousand and $80 thousand, respectively, towards this payable. The balance at June 30, 2024 was $72 thousand.

Other Related-Party Transactions

6 Months Ended

Jun. 30, 2024

(14)

Other Related-Party Transactions

The Company purchased approximately $189 thousand and $528 thousand for the three months ended June 30, 2024 and June 30, 2023, respectively, of supplies from Pacific Global (“PGD”), which is 100% owned by Mr. Jae Chang, our Co-Chief Executive Officer and Mr. Chang's direct family. The Company purchased approximately $424 thousand and $1.3 million of supplies from PGD for the six months ended June 30, 2024 and June 30, 2023, respectively.

In 2016, the Company entered into a management agreement with JL Restaurant Management, Inc., a third party which shares offices with Mr. Jae Chang, our Co-Chief Executive Officer. Pursuant to the agreement, the Company paid approximately $0.5 million

during the three months ended June 30, 2023 and $1.1 million during the six months ended June 30, 2023. Following the IPO this management agreement was terminated effective July 1, 2023.

The Company purchased $2.8 million of food from Wise Universal Inc., an affiliate 60% owned by Mr. Chang for the three months ended June 30, 2023. The Company purchased approximately $6.4 million of food from Wise for the six months ended June 30, 2023. No purchases were made from Wise in 2024.

On August 29, 2014, the Company entered into a consulting agreement (the “Consulting Agreement”) with Ignite Enterprise, LLC, (“Ignite”), 100% owned by Mr. David Kim, our Co-Chief Executive Officer, which provides for annual fees of up to 25% of gross revenue in exchange for various consulting services. The Company paid $1.4 million for the three months ended June 30, 2023, and paid approximately $2.3 million for the six months ended June 30, 2023. Following the IPO this agreement was terminated effective July 1, 2023.

As of December 31, 2023, GEN Mountain View had a related party account payable to a company owned by Mr. David Kim for purchases of fixed assets during 2018. During the three and six months ended June 30, 2024, GEN Mountain View paid $48 thousand and $80 thousand, respectively, towards this payable. The balance at June 30, 2024 was $72 thousand.