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Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 29, 2020
Sep. 24, 2019
CURRENT ASSETS:    
Cash and cash equivalents $ 11,454 $ 2,745
Receivables 656 810
Prepaid expenses and other 275 220
Inventories 1,093 1,128
Notes receivable 13 12
Total current assets 13,491 4,915
PROPERTY AND EQUIPMENT    
Land and building 4,704 4,787
Leasehold improvements 33,280 32,393
Fixtures and equipment 28,593 27,597
Property, Plant and Equipment, Gross, Total 66,577 64,777
Less accumulated depreciation and amortization (38,908) (29,100)
Total net property and equipment 27,669 35,677
OTHER ASSETS:    
Operating lease right-of-use assets, net 49,252
Notes receivable, net of current portion 13
Deposits and other assets 209 199
Trademarks 3,900 3,900
Other intangibles, net 22 51
Goodwill 5,150 15,150
Other Assets, Noncurrent, Total 58,533 19,313
TOTAL ASSETS 99,693 59,905
CURRENT LIABILITIES:    
Current maturities of long-term debt 6,242
Accounts payable 2,581 3,774
Deferred income 69 79
Operating lease liabilities, current 4,689
Other accrued liabilities 5,055 5,375 [1]
Total current liabilities 18,636 9,228
LONG-TERM LIABILITIES:    
Maturities of long-term debt due after one year 10,903 12,850
Operating lease liabilities, net of current portion 53,731
Deferred and other liabilities 1,440 8,907
Total long-term liabilities 66,074 21,757
COMMITMENTS AND CONTINGENCIES (Note 5)
Good Times Restaurants Inc. stockholders' equity:    
Preferred stock, $.01 par value; 5,000,000 shares authorized, 0 shares issued and outstanding, and outstanding as of Sept 29, 2020 and Sept 24, 2019, respectively
Common stock, $.001 par value; 50,000,000 shares authorized 12,612,852 and 12,541,082 shares issued and outstanding as of September 29, 2020 and September 24, 2019, respectively 13 13
Capital contributed in excess of par value 58,219 57,936
Treasury stock, at cost; 43,110 and 0 shares as of September 29, 2020 and September 24, 2019, respectively (75)
Accumulated deficit (44,467) (30,551)
Total Good Times Restaurants Inc. stockholders' equity 13,690 27,398
Non-controlling interests 1,293 1,522
Total stockholders' equity 14,983 28,920
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 99,693 $ 59,905
[1] The above amounts in 2019 include costs associated with the subsequent termination of the Company's CEO pursuant to a severance and separation agreement totaling $731,000.