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CONSOLIDATED CONDENSED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 30, 2024
Sep. 30, 2023
CURRENT ASSETS:    
Cash and cash equivalents (includes $154 at March 30, 2024 and $564 at September 30, 2023 related to VIEs) $ 10,412 $ 13,415
Accounts receivable (includes $242 at March 30, 2024 and $169 at September 30, 2023 related to VIEs) 4,042 3,313
Employee receivables 292 328
Inventories (includes $42 at March 30, 2024 and $47 at September 30, 2023 related to VIEs) 2,362 3,093
Prepaid and refundable income taxes (includes $16 at March 30, 2024 and $204 at September 30, 2023 related to VIEs) 247 212
Prepaid expenses and other current assets (includes $39 at March 30, 2024 and $31 at September 30, 2023 related to VIEs) 2,648 1,569
Total current assets 20,003 21,930
FIXED ASSETS - Net (includes $253 at March 30, 2024 and $216 at September 30, 2023 related to VIEs) 32,843 34,314
OPERATING LEASE RIGHT-OF-USE ASSETS - Net (includes $1,650 at March 30, 2024 and $1,796 at September 30, 2023 related to VIEs) 92,331 96,459
GOODWILL 7,440 7,440
TRADEMARKS 4,220 4,220
INTANGIBLE ASSETS - Net 141 187
DEFERRED INCOME TAXES 3,884 3,738
INVESTMENT IN AND RECEIVABLE FROM NEW MEADOWLANDS RACETRACK 6,528 6,507
OTHER ASSETS (includes $11 at March 30, 2024 and September 30, 2023 related to VIEs) 2,161 2,161
Total assets 169,551 176,956
CURRENT LIABILITIES:    
Accounts payable - trade (includes $138 at March 30, 2024 and $93 at September 30, 2023 related to VIEs) 4,538 4,058
Accrued expenses and other current liabilities (includes $237 at March 30, 2024 and $331 at September 30, 2023 related to VIEs) 12,468 13,829
Current portion of operating lease liabilities (includes $311 at March 30, 2024 and $298 at September 30, 2023 related to VIEs) 8,079 7,988
Current portion of notes payable 1,946 1,987
Total current liabilities 27,031 27,862
OPERATING LEASE LIABILITIES, LESS CURRENT PORTION (includes $1,465 at March 30, 2024 and $1,623 at September 30, 2023 related to VIEs) 88,227 92,232
NOTES PAYABLE, LESS CURRENT PORTION 4,227 5,140
TOTAL LIABILITIES 119,485 125,234
COMMITMENTS AND CONTINGENCIES
EQUITY:    
Common stock, par value $0.01 per share - authorized, 10,000 shares; issued and outstanding, 3,604 shares at March 30, 2024 and September 30, 2023 36 36
Additional paid-in capital 14,998 14,161
Retained earnings 34,660 36,091
Total Ark Restaurants Corp. shareholders’ equity 49,694 50,288
NON-CONTROLLING INTERESTS 372 1,434
TOTAL EQUITY 50,066 51,722
TOTAL LIABILITIES AND EQUITY $ 169,551 $ 176,956