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Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 24, 2024
Sep. 26, 2023
CURRENT ASSETS:    
Cash and cash equivalents $ 3,853 $ 4,182
Inventories 1,419 1,407
Receivables 890 769
Prepaid expenses and other 395 163
Total current assets 6,557 6,521
PROPERTY AND EQUIPMENT:    
Land and land improvements 1,113 1,050
Buildings 4,990 4,672
Leasehold improvements 39,610 38,191
Fixtures and equipment 34,814 33,040
Total property and equipment, at cost 80,527 76,953
Less accumulated depreciation and amortization (57,730) (53,917)
Total net property and equipment 22,797 23,036
OTHER ASSETS:    
Operating lease right-of-use assets, net 35,671 40,007
Deferred tax assets, net 12,207 11,583
Deposits and other assets 242 277
Trademarks 3,900 3,900
Other intangibles, net 31 51
Goodwill 5,713 5,713
Total other assets 57,764 61,531
TOTAL ASSETS 87,118 91,088
CURRENT LIABILITIES:    
Current maturities of long-term debt 30
Accounts payable 3,059 2,585
Deferred income 131 67
Operating lease liabilities, current 6,161 5,787
Other accrued liabilities 6,306 6,451
Total current liabilities 15,687 14,890
LONG-TERM LIABILITIES:    
Maturities of long-term debt, net of current portion 842 750
Operating lease liabilities, net of current portion 37,396 42,332
Deferred and other liabilities 105 122
Total long-term liabilities 38,343 43,204
COMMITMENTS AND CONTINGENCIES (Note 5)
Good Times Restaurants Inc. shareholders’ equity:    
Preferred stock, $.01 par value, 5,000,000 shares authorized, zero shares issued and outstanding as of September 24, 2024 and September 26, 2023, respectively
Common stock, $.001 par value; 50,000,000 shares authorized; 12,977,433 issued; 10,712,367 and 11,446,587 shares outstanding as of September 24, 2024 and September 26, 2023, respectively 13 13
Capital contributed in excess of par value 56,835 56,701
Treasury stock, at cost; 2,265,066 and 1,530,846 shares as of September 24, 2024 and September 26, 2023, respectively (6,855) (4,908)
Accumulated deficit (17,622) (19,235)
Total Good Times Restaurants Inc. shareholders' equity 32,371 32,571
Non-controlling interests 717 423
Total shareholders’ equity 33,088 32,994
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY $ 87,118 $ 91,088