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Income Taxes (Tables) | 12 Months Ended
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Sep. 24, 2024
Income Taxes [Abstract] |
Schedule of Deferred Tax Assets (Liabilities) | Deferred tax assets (liabilities) are comprised of the following at the period end (in thousands):
|  | September 24, 2024 Long Term |  |  | September 26, 2023 Long Term |
Deferred income tax assets (liabilities): |  |  |  |  |  |  |  |
Tax effect of net operating loss carry-forward |  | $ | 3,426 |  |  | $ | 3,622 |
General business credits |  |  | 7,399 |  |  |  | 6,262 |
Deferred revenue |  |  | 52 |  |  |  | 29 |
Intangibles basis differences |  |  | 547 |  |  |  | 925 |
Long-term lease liability |  |  | 9,443 |  |  |  | 10,613 |
Other future benefits |  |  | 664 |  |  |  | 668 |
Deferred tax assets |  |  | 21,531 |  |  |  | 22,119 |
Less valuation allowance |  |  | - |  |  |  | - |
Deferred tax assets, net of valuation allowance |  |  | 21,531 |  |  |  | 22,119 |
Partnership/joint venture basis differences |  |  | (95 | ) |  |  | (64 | )
Property and Equipment basis differences |  |  | (1,599 | ) |  |  | (1,731 | )
ROU asset |  |  | (7,630 | ) |  |  | (8,741 | )
Deferred tax liabilities |  |  | (9,324 | ) |  |  | (10,536 | )
Net deferred tax assets |  | $ | 12,207 |  |  | $ | 11,583 |
Schedule of Provision for Income Taxes | The following table summarizes the components of the provision for income taxes (in thousands):
|  | Fiscal 2024 |  |  | Fiscal 2023 |
Current: |  |  |  |  |  |  |  |
Federal |  | $ | - |  |  | $ | - |
State |  |  | - |  |  |  | 4 |
|  |  | - |  |  |  | 4 |
Deferred: |  |  |  |  |  |  |  |
Federal |  |  | (632 | ) |  |  | (9,925 | )
State |  |  | 8 |  |  |  | (866 | )
|  |  | (624 | ) |  |  | (10,791 | )
Total income tax benefit |  | $ | (624 | ) |  | $ | (10,787 | )
Schedule of Income Tax Expense | The income tax expense for years ended September 24, 2024 and September 26, 2023 differed from the amounts computed by applying the U.S. Federal statutory tax rate to pre-tax income as follows (in thousands):
|  | Fiscal 2024 |  |  | Fiscal 2023 |
U.S. Federal tax provision at statutory rate |  | $ | 208 |  |  | $ | 182 |
State (tax benefit) income tax, net of federal tax benefit |  |  | (2 | ) |  |  | 344 |
FICA/WOTC tax credits |  |  | (1,126 | ) |  |  | (989 | )
Effect of change in valuation allowance |  |  | - |  |  |  | (10,535 | )
Permanent differences |  |  | 281 |  |  |  | 383 |
Other |  |  | 15 |  |  |  | (172 | )
Provision for income taxes |  | $ | (624 | ) |  | $ | (10,787 | )

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