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Note 6 - Gain on Sale of Assets and Lease Termination | 9 Months Ended
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Jun. 27, 2023
Notes to Financial Statements |
Disposal Groups, Including Discontinued Operations, Disclosure [Text Block] |
Note 6. | Gain on Sale of Assets and Lease Termination
For the three fiscal quarters ended June 27, 2023, the Company recognized $76,000 of deferred gains on prior sale-leaseback transactions related to certain Good Times restaurants and $44,000 of net loss on disposal of miscellaneous assets. During the three fiscal quarters ended June 28, 2022 we recognized a $642,000 gain in connection with a landlord’s exercising a lease termination option for one Good Times restaurant and we also recognized $7,000 in deferred gain on prior sale-leaseback transactions related to certain Good Times restaurants.

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- Definition The entire disclosure related to a disposal group. Includes, but is not limited to, a discontinued operation, disposal classified as held-for-sale or disposed of by means other than sale or disposal of an individually significant component. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 205 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//205-20/tableOfContent Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 360 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//360/tableOfContent + Details
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