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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jun. 25, 2024
Sep. 26, 2023
CURRENT ASSETS:    
Cash and cash equivalents $ 4,819 $ 4,182
Receivables 782 769
Prepaid expenses and other 662 163
Inventories 1,446 1,407
Total current assets 7,709 6,521
PROPERTY AND EQUIPMENT:    
Land and building 6,103 5,722
Leasehold improvements 39,241 38,191
Fixtures and equipment 34,328 33,040
Total property and equipment 79,672 76,953
Less accumulated depreciation and amortization (56,721) (53,917)
Total net property and equipment 22,951 23,036
OTHER ASSETS:    
Operating lease right-of-use assets, net 37,728 40,007
Deferred tax assets 11,781 11,583
Deposits and other assets 259 277
Trademarks 3,900 3,900
Other intangibles, net 36 51
Goodwill 5,713 5,713
Total other assets 59,417 61,531
TOTAL ASSETS: 90,077 91,088
CURRENT LIABILITIES:    
Current maturities of long-term debt 30  
Accounts payable 2,884 2,585
Deferred revenue 187 67
Operating lease liabilities, current 6,176 5,787
Other accrued liabilities 7,266 6,451
Total current liabilities 16,543 14,890
LONG-TERM LIABILITIES:    
Maturities of long-term debt 1,100 750
Operating lease liabilities, net of current portion 39,307 42,332
Deferred revenues and other liabilities 109 122
Total long-term liabilities 40,516 43,204
Good Times Restaurants Inc. shareholders’ equity:    
Preferred stock, $.01 par value; 5,000,000 shares authorized, no shares issued and outstanding as of June 25, 2024 and September 26, 2023
Common stock, $.001 par value; 50,000,000 shares authorized; 12,977,433 issued; and 10,769,803 and 11,446,587 outstanding as of June 25, 2024 and September 26, 2023, respectively 13 13
Capital contributed in excess of par value 56,807 56,701
Treasury stock, at cost; 2,207,630 and 1,530,846 shares as of June 25, 2024 and September 26, 2023, respectively (6,697) (4,908)
Accumulated deficit (17,852) (19,235)
Total Good Times Restaurants Inc. shareholders’ equity 32,271 32,571
Non-controlling interests 747 423
Total shareholders’ equity 33,018 32,994
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY $ 90,077 $ 91,088