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CONSOLIDATED CONDENSED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 29, 2018
Sep. 29, 2018
CURRENT ASSETS:    
Cash and cash equivalents (includes $82 at December 29, 2018 and $181 at September 29, 2018 related to VIEs) $ 3,183 $ 5,012
Accounts receivable (includes $306 at December 29, 2018 and $354 at September 29, 2018 related to VIEs) 3,012 3,452
Employee receivables 451 386
Inventories (includes $27 at December 29, 2018 and $19 at September 29, 2018 related to VIEs) 2,122 2,094
Prepaid and refundable income taxes (includes $241 at December 29, 2018 and September 29, 2018 related to VIEs) 427 721
Prepaid expenses and other current assets (includes $51 at December 29, 2018 and September 29, 2018 related to VIEs) 1,600 1,547
Total current assets 10,795 13,212
FIXED ASSETS - Net 44,291 45,264
INTANGIBLE ASSETS - Net 337 349
GOODWILL 9,880 9,880
TRADEMARKS 2,610 3,331
DEFERRED INCOME TAXES 2,962 2,988
OTHER ASSETS (includes $82 at December 29, 2018 and September 29, 2018 related to VIEs) 2,636 2,677
TOTAL ASSETS 80,562 84,737
CURRENT LIABILITIES:    
Accounts payable - trade (includes $45 at December 29, 2018 and $158 at September 29, 2018 related to VIEs) 4,498 5,019
Accrued expenses and other current liabilities (includes $398 at December 29, 2018 and $348 at September 29, 2018 related to VIEs) 9,264 10,702
Dividend payable   868
Current portion of notes payable 1,243 1,251
Total current liabilities 15,005 17,840
OPERATING LEASE DEFERRED CREDIT (includes ($23) at December 29, 2018 and ($21) at September 29, 2018 related to VIEs) 3,130 3,301
NOTES PAYABLE, LESS CURRENT PORTION, net of deferred financing costs 19,565 19,860
TOTAL LIABILITIES 37,700 41,001
COMMITMENTS AND CONTINGENCIES
EQUITY:    
Common stock, par value $.01 per share - authorized, 10,000 shares; issued and outstanding, 3,477 shares at December 29, 2018 and 3,470 shares at September 29, 2018 35 35
Additional paid-in capital 13,003 12,897
Retained earnings 28,434 29,364
Total Ark Restaurants Corp. shareholders’ equity 41,472 42,296
NON-CONTROLLING INTERESTS 1,390 1,440
TOTAL EQUITY 42,862 43,736
TOTAL LIABILITIES AND EQUITY 80,562 84,737
New Meadowlands Racetrack LLC [Member]    
CURRENT ASSETS:    
INVESTMENT IN AND RECEIVABLE FROM NEW MEADOWLANDS RACETRACK $ 7,051 $ 7,036