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Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Dec. 29, 2024
Mar. 31, 2024
CURRENT ASSETS    
Cash and cash equivalents (Note E) $ 23,711 $ 21,027
Accounts and other receivables, net (Note G) 14,744 14,731
Inventories 588 842
Prepaid expenses and other current assets (Note H) 1,112 2,176
Total current assets 40,155 38,776
Property and equipment, net of accumulated depreciation of $12,283 and $11,687, respectively 2,243 2,673
Operating lease right-of-use assets (Note Q) 5,220 6,203
Goodwill 95 95
Intangible asset, net (Note I) 565 695
Deferred income taxes 325 275
Other assets 120 141
Total assets 48,723 48,858
CURRENT LIABILITIES    
Current portion of long-term debt (Note P) 2,400 0
Accounts payable 4,675 5,744
Accrued expenses and other current liabilities (Note K) 4,349 7,615
Current portion of operating lease liabilities (Note Q) 1,915 1,887
Deferred franchise fees 312 327
Total current liabilities 13,651 15,573
Long-term debt, net of unamortized debt issuance costs of $341 and $438, respectively (Note P) 48,659 59,562
Long-term portion of operating lease liabilities (Note Q) 3,809 4,937
Other liabilities 881 810
Deferred franchise fees 714 899
Total liabilities 67,714 81,781
Commitments and Contingencies  
STOCKHOLDERS’ DEFICIT    
Common stock, $.01 par value; 30,000,000 shares authorized; 9,379,025 and 9,374,130 shares issued; and 4,089,510 and 4,084,615 shares outstanding at December 29, 2024 and March 31, 2024, respectively 94 94
Additional paid-in capital 63,204 62,936
Retained earnings (Accumulated deficit) 4,373 (9,291)
Stockholders’ equity before treasury stock 67,671 53,739
Treasury stock, at cost, 5,289,515 shares at December 29, 2024 and March 31, 2024, respectively (86,662) (86,662)
Total stockholders’ deficit (18,991) (32,923)
Total liabilities and stockholders’ deficit $ 48,723 $ 48,858