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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Dec. 31, 2024
Sep. 24, 2024
CURRENT ASSETS    
Cash and cash equivalents $ 3,023 $ 3,853
Inventories 1,380 1,419
Receivables 1,050 890
Prepaid expenses and other 1,122 395
Total current assets 6,575 6,557
PROPERTY AND EQUIPMENT    
Land and land improvements 1,113 1,113
Buildings 5,340 4,990
Leasehold improvements 40,032 39,610
Fixtures and equipment 35,792 34,814
Total property and equipment 82,277 80,527
Less accumulated depreciation and amortization (58,732) (57,730)
Total net property and equipment 23,545 22,797
OTHER ASSETS    
Operating lease right-of-use assets, net 37,149 35,671
Deferred tax assets, net 12,210 12,207
Notes receivable 143
Deposits and other assets 233 242
Trademarks 3,900 3,900
Other intangibles, net 78 31
Goodwill 5,713 5,713
Total other assets 59,426 57,764
TOTAL ASSETS 89,546 87,118
CURRENT LIABILITIES    
Current maturities of long-term debt 28 30
Accounts payable 2,620 3,059
Operating lease liabilities, current 6,298 6,161
Other accrued liabilities 6,852 6,437
Total current liabilities 15,798 15,687
LONG-TERM LIABILITIES    
Maturities of long-term debt, net of current portion 2,584 842
Operating lease liabilities, net of current portion 37,975 37,396
Deferred and other liabilities 98 105
Total long-term liabilities 40,657 38,343
SHAREHOLDERS’ EQUITY    
Preferred stock, $.01 par value; 5,000,000 shares authorized, no shares issued and outstanding as of December 31, 2024 and September 24, 2024
Common stock, $.001 par value; 50,000,000 shares authorized; 12,977,433 issued; 10,653,242 and 10,712,367 shares outstanding as of December 31, 2024 and September 24, 2024, respectively 13 13
Capital contributed in excess of par value 56,870 56,835
Treasury stock, at cost; 2,324,191 and 2,265,066 shares as of December 31, 2024 and September 24, 2024, respectively (7,019) (6,855)
Accumulated deficit (17,458) (17,622)
Total Good Times Restaurants Inc. shareholders' equity 32,406 32,371
Non-controlling interests 685 717
Total shareholders’ equity 33,091 33,088
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY $ 89,546 $ 87,118