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Consolidated Balance Sheets - USD ($)
Mar. 25, 2018
Mar. 26, 2017
CURRENT ASSETS    
Cash $ 57,339,000 $ 56,915,000
Accounts and other receivables, net 10,502,000 8,948,000
Inventories 384,000 579,000
Prepaid expenses and other current assets (Note F) 2,873,000 1,093,000
Assets held for sale (Note G) 610,000
Total current assets 71,708,000 67,535,000
Property and equipment, net of accumulated depreciation of $8,264 and $7,522, respectively 6,642,000 8,844,000
Goodwill 95,000 95,000
Intangible asset 1,353,000 1,353,000
Other assets 293,000 298,000
Total assets 80,091,000 78,125,000
CURRENT LIABILITIES    
Accounts payable 6,565,000 4,809,000
Accrued expenses and other current liabilities (Note I) 11,248,000 5,865,000
Total current liabilities 18,006,000 10,772,000
Long-term debt, net of unamortized debt issuance costs of $5,242 and $3,525, respectively (Note L) 144,758,000 131,475,000
Other liabilities (Note I) 1,593,000 1,555,000
Deferred income taxes 302,000 814,000
Total liabilities 164,659,000 144,616,000
COMMITMENTS AND CONTINGENCIES (Note N)
STOCKHOLDERS’ (DEFICIT)    
Common stock, $.01 par value; 30,000,000 shares authorized; 9,311,922 and 9,303,870 shares issued; and 4,184,549 and 4,176,497 shares outstanding at March 25, 2018 and March 26, 2017, respectively 93,000 93,000
Additional paid-in capital 60,823,000 60,582,000
(Accumulated deficit) (68,181,000) (49,863,000)
Stockholders’ (deficit) equity before treasury stock (7,265,000) 10,812,000
Treasury stock, at cost, 5,127,373 shares at March 25, 2018 and March 26, 2017 (77,303,000) (77,303,000)
Total stockholders’ (deficit) (84,568,000) (66,491,000)
Total liabilities and stockholders’ (deficit) 80,091,000 78,125,000
Deferred Franchise Fees [Member]    
CURRENT LIABILITIES    
Deferred Revenue, Current $ 193,000 $ 98,000