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Subsequent Events
12 Months Ended
Dec. 31, 2021
Subsequent Events  
19. Subsequent Events

Note 19 - Subsequent Events

 

The Company has evaluated events that occurred subsequent to December 31, 2021 through April 1, 2022, the date these consolidated financial statements were issued, for matters that required disclosure or adjustment in these consolidated financial statements.

 

Lease Termination

 

During January 2022, pursuant to a mutual agreement with the landlord at a cost of $40,000, the Cosi lease was terminated effective as of January 31, 2022 (See Note 17).

 

Dividends Declared and Paid

 

On February 2, 2022, the Company announced that its Board of Directors approved a quarterly dividend of $0.04 per share payable in cash on March 15, 2022 to stockholders of record as of the close of business on February 28, 2022 (see Note 12).