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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jul. 01, 2025
Sep. 24, 2024
CURRENT ASSETS:    
Cash and cash equivalents $ 3,138 $ 3,853
Inventories 1,438 1,419
Receivables 853 890
Prepaid expenses and other 1,070 395
Total current assets 6,499 6,557
PROPERTY AND EQUIPMENT:    
Land and land improvements 1,113 1,113
Buildings 4,841 4,990
Leasehold improvements 38,735 39,610
Fixtures and equipment 30,249 34,814
Total property and equipment 74,938 80,527
Less accumulated depreciation and amortization (52,228) (57,730)
Total net property and equipment 22,710 22,797
OTHER ASSETS:    
Operating lease right-of-use assets, net 33,990 35,671
Deferred tax assets, net 12,516 12,207
Deposits and other assets 422 273
Trademarks 3,900 3,900
Goodwill 5,713 5,713
Total other assets 56,541 57,764
TOTAL ASSETS 85,750 87,118
CURRENT LIABILITIES:    
Accounts payable 2,725 3,059
Current portion of operating lease liabilities 6,268 6,161
Other accrued liabilities 5,931 6,437
Current maturities of long-term debt 32 30
Total current liabilities 14,956 15,687
LONG-TERM LIABILITIES:    
Long-term debt, net of current portion 2,316 842
Operating lease liabilities, net of current portion 34,583 37,396
Deferred and other liabilities 85 105
Total long-term liabilities 36,984 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 July 1, 2025 and September 24, 2024
Common stock, $.001 par value; 50,000,000 shares authorized; 12,977,433 issued; and 10,565,108 and 10,712,367 outstanding as of July 1, 2025 and September 24, 2024, respectively 13 13
Capital contributed in excess of par value 56,867 56,835
Treasury stock, at cost; 2,412,325 and 2,265,066 shares as of July 1, 2025 and September 24, 2024, respectively (7,219) (6,855)
Accumulated deficit (16,595) (17,622)
Total Good Times Restaurants Inc. shareholders’ equity 33,066 32,371
Non-controlling interests 744 717
Total shareholders’ equity 33,810 33,088
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY $ 85,750 $ 87,118