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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Apr. 01, 2025
Sep. 24, 2024
CURRENT ASSETS:    
Cash and cash equivalents $ 2,712 $ 3,853
Inventories 1,424 1,419
Receivables 786 890
Prepaid expenses and other 1,165 395
Total current assets 6,087 6,557
PROPERTY AND EQUIPMENT:    
Land and land improvements 1,113 1,113
Buildings 5,108 4,990
Leasehold improvements 38,863 39,610
Fixtures and equipment 33,093 34,814
Total property and equipment 78,177 80,527
Less accumulated depreciation and amortization (54,929) (57,730)
Total net property and equipment 23,248 22,797
OTHER ASSETS:    
Operating lease right-of-use assets, net 35,389 35,671
Deferred tax assets, net 12,153 12,207
Notes receivable 142
Deposits and other assets 233 242
Trademarks 3,900 3,900
Goodwill 5,713 5,713
Other intangibles, net 63 31
Total other assets 57,593 57,764
TOTAL ASSETS 86,928 87,118
CURRENT LIABILITIES:    
Accounts payable 3,126 3,059
Current portion of operating lease liabilities 6,281 6,161
Other accrued liabilities 6,153 6,437
Current maturities of long-term debt 31 30
Total current liabilities 15,591 15,687
LONG-TERM LIABILITIES:    
Long-term debt, net of current portion 2,574 842
Operating lease liabilities, net of current portion 36,380 37,396
Deferred and other liabilities 91 105
Total long-term liabilities 39,045 38,343
Good Times Restaurants Inc. shareholders’ equity:    
Preferred stock, $.01 par value; 5,000,000 shares authorized, no shares issued and outstanding as of April 1, 2025 and September 24, 2024
Common stock, $.001 par value; 50,000,000 shares authorized; 12,977,433 issued; and 10,598,407 and 10,712,367 outstanding as of April 1, 2025 and September 24, 2024, respectively 13 13
Capital contributed in excess of par value 56,842 56,835
Treasury stock, at cost; 2,379,026 and 2,265,066 shares as of April 1, 2025 and September 24, 2024, respectively (7,158) (6,855)
Accumulated deficit (18,082) (17,622)
Total Good Times Restaurants Inc. shareholders’ equity 31,615 32,371
Non-controlling interests 677 717
Total shareholders’ equity 32,292 33,088
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY $ 86,928 $ 87,118