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CONSOLIDATED CONDENSED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 29, 2025
Sep. 28, 2024
CURRENT ASSETS:    
Cash and cash equivalents $ 11,124 $ 10,273
Accounts receivable 3,226 3,516
Employee receivables 176 255
Inventories 2,073 2,289
Prepaid and refundable income taxes 292 294
Prepaid expenses and other current assets 1,607 1,598
Total current assets 18,498 18,225
FIXED ASSETS - Net 30,918 31,569
OPERATING LEASE RIGHT-OF-USE ASSETS - Net 79,456 84,977
GOODWILL 0 3,440
TRADEMARKS 4,220 4,220
INTANGIBLE ASSETS - Net 56 98
DEFERRED INCOME TAXES 0 4,799
INVESTMENT IN AND RECEIVABLE FROM NEW MEADOWLANDS RACETRACK 6,573 6,550
OTHER ASSETS 2,170 2,163
TOTAL ASSETS 141,891 156,041
CURRENT LIABILITIES:    
Accounts payable - trade 4,663 4,547
Accrued expenses and other current liabilities 10,086 12,045
Current portion of operating lease liabilities 6,256 7,099
Notes payable 4,280 5,193
Total current liabilities 25,285 28,884
OPERATING LEASE LIABILITIES, LESS CURRENT PORTION 79,055 83,516
TOTAL LIABILITIES 104,340 112,400
COMMITMENTS AND CONTINGENCIES
EQUITY:    
Common stock, par value $0.01 per share - authorized, 10,000 shares; issued and outstanding, 3,606 shares and 3,604 shares at March 29, 2025 and September 28, 2024, respectively 36 36
Additional paid-in capital 14,036 13,934
Retained earnings 24,073 30,167
Total Ark Restaurants Corp. shareholders’ equity 38,145 44,137
NON-CONTROLLING INTERESTS (594) (496)
TOTAL EQUITY 37,551 43,641
TOTAL LIABILITIES AND EQUITY $ 141,891 $ 156,041