2022 Q1 Form 10-K Financial Statement

#000117494722000049 Filed on January 14, 2022

View on sec.gov

Income Statement

Concept 2022 Q1 2021 Q4 2021
Revenue $37.40M $33.64M $137.3M
YoY Change 19.19% 19.08% 21.54%
Cost Of Revenue $16.67M $14.94M $58.32M
YoY Change 24.68% 21.59% 22.24%
Gross Profit $20.73M $18.69M $78.99M
YoY Change 15.12% 17.15% 21.02%
Gross Profit Margin 55.42% 55.57% 57.52%
Selling, General & Admin $6.031M $16.71M $20.28M
YoY Change 10.3% 10.98% 1.8%
% of Gross Profit 29.09% 89.42% 25.67%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $683.0K $757.0K $2.981M
YoY Change -9.18% -5.26% -5.18%
% of Gross Profit 3.29% 4.05% 3.77%
Operating Expenses $6.031M $16.71M $20.28M
YoY Change 10.3% 10.98% 1.8%
Operating Profit $765.0K $1.978M $8.650M
YoY Change -39.76% 121.01% 197.15%
Interest Expense $193.0K -$188.0K $938.0K
YoY Change -30.82% -16.81% 12.2%
% of Operating Profit 25.23% -9.5% 10.84%
Other Income/Expense, Net $3.320M $9.300M
YoY Change -1471.9% -1281.7%
Pretax Income $4.085M $1.801M $17.95M
YoY Change 297.37% 169.21% 745.1%
Income Tax $147.0K $182.0K $1.185M
% Of Pretax Income 3.6% 10.11% 6.6%
Net Earnings $1.564M $1.354M $11.78M
YoY Change 100.51% 220.09% 961.62%
Net Earnings / Revenue 4.18% 4.03% 8.58%
Basic Earnings Per Share $0.84 $0.73 $6.34
Diluted Earnings Per Share $841.5K $728.5K $6.340M
COMMON SHARES
Basic Shares Outstanding 1.859M shares 1.859M shares 1.859M shares
Diluted Shares Outstanding 1.859M shares 1.859M shares

Balance Sheet

Concept 2022 Q1 2021 Q4 2021
SHORT-TERM ASSETS
Cash & Short-Term Investments $33.60M $32.68M $32.68M
YoY Change 8.3% 9.2% 9.2%
Cash & Equivalents $33.60M $32.68M $32.68M
Short-Term Investments
Other Short-Term Assets $3.718M $2.381M $2.381M
YoY Change 37.09% 4.38% 4.38%
Inventory $4.636M $4.283M $4.283M
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $42.66M $39.79M $39.79M
YoY Change 12.18% 8.99% 8.99%
LONG-TERM ASSETS
Property, Plant & Equipment $58.20M $56.89M $85.45M
YoY Change -20.67% 21.08% 15.65%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $1.166M $1.122M $1.122M
YoY Change 36.85% 80.68% 80.68%
Other Assets $1.695M $1.645M $705.0K
YoY Change 75.83% 467.24% 9.81%
Total Long-Term Assets $89.03M $88.21M $88.21M
YoY Change 17.17% 16.11% 16.11%
TOTAL ASSETS
Total Short-Term Assets $42.66M $39.79M $39.79M
Total Long-Term Assets $89.03M $88.21M $88.21M
Total Assets $131.7M $128.0M $128.0M
YoY Change 15.51% 13.8% 13.8%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $4.280M $4.478M $4.478M
YoY Change 37.58% 42.52% 42.52%
Accrued Expenses $2.132M $2.009M $2.009M
YoY Change 10.12% -35.53% -35.53%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $3.878M $2.555M $2.555M
YoY Change -67.97% -49.84% -74.1%
Total Short-Term Liabilities $24.94M $20.22M $20.22M
YoY Change -11.63% -20.26% -20.26%
LONG-TERM LIABILITIES
Long-Term Debt $15.77M $19.56M $19.56M
YoY Change -19.42% -7.86% -7.86%
Other Long-Term Liabilities $26.62M $27.18M $27.18M
YoY Change 33.95% 33.66% 33.66%
Total Long-Term Liabilities $15.77M $19.56M $46.74M
YoY Change -60.01% -7.86% 12.45%
TOTAL LIABILITIES
Total Short-Term Liabilities $24.94M $20.22M $20.22M
Total Long-Term Liabilities $15.77M $19.56M $46.74M
Total Liabilities $67.88M $67.37M $76.79M
YoY Change -8.02% 0.66% 5.11%
SHAREHOLDERS EQUITY
Retained Earnings $52.20M $50.63M
YoY Change 30.33%
Common Stock $6.660M $6.660M
YoY Change 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost) $6.077M $6.077M
YoY Change 0.0%
Treasury Stock Shares 2.339M shares 2.339M shares
Shareholders Equity $52.78M $51.22M $51.22M
YoY Change
Total Liabilities & Shareholders Equity $131.7M $128.0M $128.0M
YoY Change 15.51% 13.8% 13.8%

Cashflow Statement

Concept 2022 Q1 2021 Q4 2021
OPERATING ACTIVITIES
Net Income $1.564M $1.354M $11.78M
YoY Change 100.51% 220.09% 961.62%
Depreciation, Depletion And Amortization $683.0K $757.0K $2.981M
YoY Change -9.18% -5.26% -5.18%
Cash From Operating Activities $4.531M $2.526M $14.05M
YoY Change 20.19% 87.39% 59.92%
INVESTING ACTIVITIES
Capital Expenditures -$1.445M -$3.230M $6.519M
YoY Change 34.29% 471.68% 188.58%
Acquisitions
YoY Change
Other Investing Activities -$534.0K $15.00K -$774.0K
YoY Change 8.54% -105.81% 22.27%
Cash From Investing Activities -$1.979M -$3.215M -$11.59M
YoY Change 26.21% 290.64% 254.3%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net $869.0K $4.100M
YoY Change 9.45% 61.42%
Cash From Financing Activities -$1.626M 1.412M $294.0K
YoY Change 48.36% -230.14% -97.26%
NET CHANGE
Cash From Operating Activities $4.531M 2.526M $14.05M
Cash From Investing Activities -$1.979M -3.215M -$11.59M
Cash From Financing Activities -$1.626M 1.412M $294.0K
Net Change In Cash $926.0K 723.0K $2.754M
YoY Change -16.27% -229.11% -83.05%
FREE CASH FLOW
Cash From Operating Activities $4.531M $2.526M $14.05M
Capital Expenditures -$1.445M -$3.230M $6.519M
Free Cash Flow $5.976M $5.756M $7.530M
YoY Change 23.32% 200.89% 15.38%

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CY2019Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
44529000 USD
CY2020 us-gaap Profit Loss
ProfitLoss
2184000 USD
CY2020 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
1157000 USD
CY2020Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
45556000 USD
CY2021 us-gaap Profit Loss
ProfitLoss
16765000 USD
CY2021 bdl Gain On Forgiveness Of Ppp Loans
GainOnForgivenessOfPppLoans
10136000 USD
CY2020 bdl Gain On Forgiveness Of Ppp Loans
GainOnForgivenessOfPppLoans
USD
CY2021 us-gaap Other Noncash Expense
OtherNoncashExpense
109000 USD
CY2020 us-gaap Other Noncash Expense
OtherNoncashExpense
USD
CY2021 us-gaap Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
44000 USD
CY2020 us-gaap Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
-53000 USD
CY2021 us-gaap Assets Disposed Of By Method Other Than Sale In Period Of Disposition Gain Loss On Disposition1
AssetsDisposedOfByMethodOtherThanSaleInPeriodOfDispositionGainLossOnDisposition1
-56000 USD
CY2020 us-gaap Assets Disposed Of By Method Other Than Sale In Period Of Disposition Gain Loss On Disposition1
AssetsDisposedOfByMethodOtherThanSaleInPeriodOfDispositionGainLossOnDisposition1
USD
CY2021 us-gaap Other Amortization Of Deferred Charges
OtherAmortizationOfDeferredCharges
75000 USD
CY2020 us-gaap Other Amortization Of Deferred Charges
OtherAmortizationOfDeferredCharges
33000 USD
CY2021 us-gaap Increase Decrease In Deferred Income Taxes
IncreaseDecreaseInDeferredIncomeTaxes
-758000 USD
CY2020 us-gaap Increase Decrease In Deferred Income Taxes
IncreaseDecreaseInDeferredIncomeTaxes
103000 USD
CY2021 us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
1411000 USD
CY2020 us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
USD
CY2021 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
125000 USD
CY2020 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
7000 USD
CY2021 us-gaap Increase Decrease In Prepaid Taxes
IncreaseDecreaseInPrepaidTaxes
65000 USD
CY2020 us-gaap Increase Decrease In Prepaid Taxes
IncreaseDecreaseInPrepaidTaxes
19000 USD
CY2021 us-gaap Increase Decrease In Other Receivables
IncreaseDecreaseInOtherReceivables
-231000 USD
CY2020 us-gaap Increase Decrease In Other Receivables
IncreaseDecreaseInOtherReceivables
-57000 USD
CY2021 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
659000 USD
CY2020 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
332000 USD
CY2021 us-gaap Increase Decrease In Prepaid Expenses Other
IncreaseDecreaseInPrepaidExpensesOther
-1524000 USD
CY2020 us-gaap Increase Decrease In Prepaid Expenses Other
IncreaseDecreaseInPrepaidExpensesOther
-930000 USD
CY2021 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
-32000 USD
CY2020 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
-305000 USD
CY2021 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
190000 USD
CY2020 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
590000 USD
CY2021 bdl Increase Decrease In Operating Lease Liabilities
IncreaseDecreaseInOperatingLeaseLiabilities
3015000 USD
CY2020 bdl Increase Decrease In Operating Lease Liabilities
IncreaseDecreaseInOperatingLeaseLiabilities
1785000 USD
CY2021 us-gaap Increase Decrease In Due To Related Parties Current
IncreaseDecreaseInDueToRelatedPartiesCurrent
1336000 USD
CY2020 us-gaap Increase Decrease In Due To Related Parties Current
IncreaseDecreaseInDueToRelatedPartiesCurrent
589000 USD
CY2021 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
14049000 USD
CY2020 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
8785000 USD
CY2021 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
6519000 USD
CY2020 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
2259000 USD
CY2021 bdl Purchase Of Construction In Progress
PurchaseOfConstructionInProgress
4104000 USD
CY2020 bdl Purchase Of Construction In Progress
PurchaseOfConstructionInProgress
379000 USD
CY2020 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
4397000 USD
CY2021 bdl Proceeds From Ppp Loans
ProceedsFromPppLoans
3464000 USD
CY2020 bdl Proceeds From Ppp Loans
ProceedsFromPppLoans
10036000 USD
CY2021 us-gaap Payments For Other Deposits
PaymentsForOtherDeposits
509000 USD
CY2020 us-gaap Payments For Other Deposits
PaymentsForOtherDeposits
446000 USD
CY2021 bdl Payment Of Liquor License
PaymentOfLiquorLicense
192000 USD
CY2020 bdl Payment Of Liquor License
PaymentOfLiquorLicense
USD
CY2021 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
111000 USD
CY2020 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
64000 USD
CY2021 bdl Increase Decrease In Insurance Recovery
IncreaseDecreaseInInsuranceRecovery
USD
CY2020 bdl Increase Decrease In Insurance Recovery
IncreaseDecreaseInInsuranceRecovery
-132000 USD
CY2021 bdl Distributions From Unconsolidated Limited Partnership
DistributionsFromUnconsolidatedLimitedPartnership
28000 USD
CY2020 bdl Distributions From Unconsolidated Limited Partnership
DistributionsFromUnconsolidatedLimitedPartnership
22000 USD
CY2021 us-gaap Payments For Proceeds From Limited Partnership
PaymentsForProceedsFromLimitedPartnership
404000 USD
CY2020 us-gaap Payments For Proceeds From Limited Partnership
PaymentsForProceedsFromLimitedPartnership
405000 USD
CY2021 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-11589000 USD
CY2020 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-3271000 USD
CY2021 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
4100000 USD
CY2020 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
2540000 USD
CY2021 us-gaap Payments Of Loan Costs
PaymentsOfLoanCosts
56000 USD
CY2020 us-gaap Payments Of Loan Costs
PaymentsOfLoanCosts
USD
CY2021 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
2758000 USD
CY2020Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
29922000 USD
CY2019Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
13672000 USD
CY2021Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
32676000 USD
CY2020Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
29922000 USD
CY2021 us-gaap Interest Paid Net
InterestPaidNet
938000 USD
CY2020 us-gaap Interest Paid Net
InterestPaidNet
836000 USD
CY2021 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
371000 USD
CY2021 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
81000 USD
CY2020 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
USD
CY2021 us-gaap Payments Of Capital Distribution
PaymentsOfCapitalDistribution
1691000 USD
CY2020 us-gaap Payments Of Capital Distribution
PaymentsOfCapitalDistribution
1157000 USD
CY2021 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
294000 USD
CY2020 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
10736000 USD
CY2021 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
2754000 USD
CY2020 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
16250000 USD
CY2020 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
61000 USD
CY2021 bdl Financing Of Insurance Contracts
FinancingOfInsuranceContracts
1429000 USD
CY2020 bdl Financing Of Insurance Contracts
FinancingOfInsuranceContracts
1317000 USD
CY2021 bdl Purchase Deposits Transferred To Property And Equipment
PurchaseDepositsTransferredToPropertyAndEquipment
14000 USD
CY2020 bdl Purchase Deposits Transferred To Property And Equipment
PurchaseDepositsTransferredToPropertyAndEquipment
118000 USD
CY2021 bdl Purchase Deposits Transferred To Cip
PurchaseDepositsTransferredToCIP
48000 USD
CY2020 bdl Purchase Deposits Transferred To Cip
PurchaseDepositsTransferredToCIP
10000 USD
CY2021 bdl Construction In Progress Transferred To Property And Equipment
ConstructionInProgressTransferredToPropertyAndEquipment
USD
CY2020 bdl Construction In Progress Transferred To Property And Equipment
ConstructionInProgressTransferredToPropertyAndEquipment
700000 USD
CY2021 bdl Finance Lease Lliabilities Arising From Right Of Use Asset
FinanceLeaseLliabilitiesArisingFromRightOfUseAsset
USD
CY2020 bdl Finance Lease Lliabilities Arising From Right Of Use Asset
FinanceLeaseLliabilitiesArisingFromRightOfUseAsset
4772000 USD
CY2021 bdl Operating Lease Lliabilities Arising From Right Of Use Asset
OperatingLeaseLliabilitiesArisingFromRightOfUseAsset
8754000 USD
CY2020 bdl Operating Lease Lliabilities Arising From Right Of Use Asset
OperatingLeaseLliabilitiesArisingFromRightOfUseAsset
25177000 USD
CY2021 bdl Purchase Of Vehicles In Exchange For Debt
PurchaseOfVehiclesInExchangeForDebt
58000 USD
CY2020 bdl Purchase Of Vehicles In Exchange For Debt
PurchaseOfVehiclesInExchangeForDebt
USD
CY2021 bdl Purchase Of Property In Exchange For Debt
PurchaseOfPropertyInExchangeForDebt
2200000 USD
CY2020 bdl Purchase Of Property In Exchange For Debt
PurchaseOfPropertyInExchangeForDebt
USD
CY2021 bdl Construction In Progress In Accounts Payable
ConstructionInProgressInAccountsPayable
312000 USD
CY2020 bdl Construction In Progress In Accounts Payable
ConstructionInProgressInAccountsPayable
USD
CY2021 us-gaap Nature Of Operations
NatureOfOperations
<p style="font-family:Times New Roman, Times, serif; font-size:10pt; text-align:left; margin-top:11pt; text-indent:36pt; margin-bottom:0pt; "> <span style="font-weight:bold; font-style:italic; ">Organization and Capitalization</span></p> <p style="font-family:Times New Roman, Times, serif; font-size:10pt; text-align:justify; margin-top:11pt; padding-left:50pt; margin-bottom:0pt; ">The Company was incorporated in 1959 and operates in South Florida as a chain of full-service restaurants and package liquor stores. Restaurant food and beverage sales make up the majority of our total revenue. As of October 2, 2021, we (i) operated 27 units consisting of restaurants, package liquor stores and combination restaurants/package liquor stores that we either own or have operational control over and partial ownership in; and (ii) franchise an additional five units, consisting of two restaurants, (one of which we operate) and three combination restaurants/package liquor stores. With the exception of one restaurant we operate under the name “The Whale’s Rib”, and in which we do not have an ownership interest, all of the restaurants operate under our service marks “Flanigan’s Seafood Bar and Grill” or “Flanigan’s” and all of the package liquor stores operate under our service marks “Big Daddy’s Liquors” or “Big Daddy’s Wine &amp; Liquors”.</p> <p style="font-family:Times New Roman, Times, serif; font-size:10pt; text-align:justify; margin-top:11pt; padding-left:50pt; margin-bottom:0pt; ">The Company’s Articles of Incorporation, as amended, authorize us to issue and have outstanding at any one time 5,000,000 shares of common stock at a par value of $0.10 per share.</p> <p style="font-family:Times New Roman, Times, serif; font-size:10pt; text-align:justify; margin-top:11pt; padding-left:50pt; margin-bottom:0pt; ">We operate under a 52-53 week year ending the Saturday closest to September 30. Our fiscal year 2021 is comprised of a 52-week period and our fiscal year 2020 is comprised of a 53-week period. </p>
CY2021Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
5000000 shares
CY2021Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.10
CY2020Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.10
CY2021 us-gaap Use Of Estimates
UseOfEstimates
<p style="font-family:Times New Roman, Times, serif; font-size:10pt; text-align:left; margin-top:11pt; text-indent:36pt; margin-bottom:0pt; "> <span style="font-weight:bold; font-style:italic; ">Use of Estimates</span></p> <p style="font-family:Times New Roman, Times, serif; font-size:10pt; text-align:justify; margin-top:11pt; padding-left:50pt; margin-bottom:0pt; ">The consolidated financial statements and related disclosures are prepared in conformity with accounting principles generally accepted in the United States. We are required to make estimates and assumptions that affect the reported amounts of assets and liabilities, the</p> <p style="font-family:Times New Roman, Times, serif; font-size:10pt; text-align:justify; margin-bottom:0pt; "/> <div> <div style="width:100%; clear:both;"> <p style="font-family:Times New Roman, Times, serif; font-size:10pt; text-align:center; ">F-7</p> </div><hr style="border-top:3pt solid #000000;"/><div style="page-break-after:always;"/> <p style="font-style:italic; font-size:10pt; margin-top:-3pt;"><a href="#toc">Table of Contents</a></p> </div> <p style="font-family:Times New Roman, Times, serif; font-size:10pt; text-align:left; margin-top:20pt; margin-bottom:0pt; "><span style="font-weight:bold; ">NOTE 1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES </span>(Continued) </p> <p style="font-family:Times New Roman, Times, serif; font-size:10pt; text-align:left; margin-top:11pt; text-indent:36pt; margin-bottom:0pt; "><span style="font-weight:bold; font-style:italic; ">Use of Estimates</span> (Continued) </p> <p style="font-family:Times New Roman, Times, serif; font-size:10pt; text-align:justify; margin-top:11pt; padding-left:50pt; margin-bottom:0pt; ">disclosure of contingent assets and liabilities at the date of the financial statements, and revenue and expenses during the period reported. These estimates include assessing the estimated useful lives of tangible assets, the recognition of deferred tax assets and liabilities and estimates relating to the calculation of incremental borrowing rates and length of leases associated with right-of-use assets and corresponding liabilities. Estimates and assumptions are reviewed periodically and the effects of revisions are reflected in our consolidated financial statements in the period they are determined to be necessary. Although these estimates are based on our knowledge of current events and actions we may undertake in the future, they may ultimately differ from actual results. </p>
CY2021Q4 us-gaap Cash Fdic Insured Amount
CashFDICInsuredAmount
250000 USD
CY2021 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<p style="font-family:Times New Roman, Times, serif; font-size:10pt; text-align:left; margin-top:11pt; text-indent:36pt; margin-bottom:0pt; "> <span style="font-weight:bold; font-style:italic; ">Concentrations of Credit Risk</span></p> <p style="font-family:Times New Roman, Times, serif; font-size:10pt; text-align:left; margin-top:11pt; text-indent:50pt; margin-bottom:0pt; ">Financial instruments that potentially subject us to concentrations of credit risk are cash and cash equivalents. </p>
CY2021 bdl Percentage Of Royalty Related Revenues Package Sales
PercentageOfRoyaltyRelatedRevenuesPackageSales
0.01 pure
CY2021 bdl Percentage Of Royalty Related Revenues Restaurant Sales
PercentageOfRoyaltyRelatedRevenuesRestaurantSales
0.03 pure
CY2021 us-gaap Advertising Expense
AdvertisingExpense
218000 USD
CY2020 us-gaap Advertising Expense
AdvertisingExpense
330000 USD
CY2021Q4 bdl Full Risk Exposure Amount Per Occurrence Limited Partnerships
FullRiskExposureAmountPerOccurrenceLimitedPartnerships
10000 USD
CY2021Q4 bdl Full Risk Exposure Amount Per Occurrence Insurance Carrier Coverage
FullRiskExposureAmountPerOccurrenceInsuranceCarrierCoverage
1000000 USD
CY2021Q4 bdl Full Risk Exposure Amount Per Occurrence Maximum Aggregate From Insurance Carrier
FullRiskExposureAmountPerOccurrenceMaximumAggregateFromInsuranceCarrier
2000000 USD
CY2021Q4 bdl Full Risk Exposure Amount Per Occurrence Excess Insurance Carrier Coverage
FullRiskExposureAmountPerOccurrenceExcessInsuranceCarrierCoverage
10000000 USD
CY2021Q4 bdl Uninsured Amount In Excess Of Per Occurrence
UninsuredAmountInExcessOfPerOccurrence
11000000 USD
CY2019Q3 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
27800000 USD
CY2019Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
27800000 USD
CY2021Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
87622000 USD
CY2020Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
80115000 USD
CY2021Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
36181000 USD
CY2020Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
34112000 USD
CY2021Q4 bdl Property Plant And Equipment Net Excluding Construction In Progress
PropertyPlantAndEquipmentNetExcludingConstructionInProgress
51441000 USD
CY2020Q4 bdl Property Plant And Equipment Net Excluding Construction In Progress
PropertyPlantAndEquipmentNetExcludingConstructionInProgress
46003000 USD
CY2021Q4 us-gaap Construction In Progress Gross
ConstructionInProgressGross
5445000 USD
CY2020Q4 us-gaap Construction In Progress Gross
ConstructionInProgressGross
981000 USD
CY2021Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
56886000 USD
CY2020Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
46984000 USD
CY2021 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
2981000 USD
CY2020 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
3144000 USD
CY2021Q4 bdl Percentage Of Gross Sales Fee For Use Of Service Mark
PercentageOfGrossSalesFeeForUseOfServiceMark
0.03 pure
CY2021 bdl Amortization Of Leasehold Purchases
AmortizationOfLeaseholdPurchases
82000 USD
CY2020 bdl Amortization Of Leasehold Purchases
AmortizationOfLeaseholdPurchases
96000 USD
CY2021Q4 bdl Number Of Investments In Limited Partnerships
NumberOfInvestmentsInLimitedPartnerships
9 pure
CY2021Q4 bdl Return Of Capital Percentage Of Cash Invested In Limited Partnership
ReturnOfCapitalPercentageOfCashInvestedInLimitedPartnership
0.25 pure
CY2021Q4 bdl Excluding Coverage Insurance Policies
ExcludingCoverageInsurancePolicies
113000 USD
CY2021Q4 bdl Premiums Financed Amount
PremiumsFinancedAmount
409000 USD
CY2020Q4 us-gaap Debt Instrument Face Amount
DebtInstrumentFaceAmount
5900000 USD
CY2021 us-gaap Loss Contingency Disclosures
LossContingencyDisclosures
<p style="font-family:Times New Roman, Times, serif; font-size:10pt; text-align:left; margin-top:9pt; margin-bottom:0pt; "> <span style="font-weight:bold; ">NOTE 12. RE-CONSTRUCTION FOLLOWING CASUALTY LOSS:</span></p> <p style="font-family:Times New Roman, Times, serif; font-size:10pt; text-align:justify; margin-top:11pt; padding-left:50pt; margin-bottom:0pt; ">During the first quarter of our fiscal year 2019, our combination package liquor store and restaurant located at 2505 N. University Drive, Hollywood, Florida (Store #19) was damaged by a fire and was forced to close. Due to the damage caused by the fire, we determined that Store #19 should be demolished and rebuilt and as a result, the package liquor store and restaurant were closed for our fiscal years 2021, 2020 and 2019. During our fiscal year 2022, we expect to complete construction of the new building for our package liquor store and open for business. We also expect to receive building permits to construct the new building for our restaurant, but do not expect to open for business during our fiscal year 2022. </p>
CY2021 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
176000 USD
CY2020 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
113000 USD
CY2021 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
427000 USD
CY2020 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
43000 USD
CY2021Q4 us-gaap Indefinite Lived License Agreements
IndefiniteLivedLicenseAgreements
822000 USD
CY2021 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
251000 USD
CY2020 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
-70000 USD
CY2020Q4 us-gaap Indefinite Lived License Agreements
IndefiniteLivedLicenseAgreements
630000 USD
CY2021 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
649000 USD
CY2020 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
-88000 USD
CY2021 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
109000 USD
CY2020 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
-15000 USD
CY2021 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
758000 USD
CY2020 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-103000 USD
CY2021 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1185000 USD
CY2020 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-60000 USD
CY2021 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
3770000 USD
CY2020 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
446000 USD
CY2021 us-gaap Income Tax Reconciliation Minority Interest Income Expense
IncomeTaxReconciliationMinorityInterestIncomeExpense
1046000 USD
CY2020 us-gaap Income Tax Reconciliation Minority Interest Income Expense
IncomeTaxReconciliationMinorityInterestIncomeExpense
226000 USD
CY2021 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
196000 USD
CY2020 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
43000 USD
CY2021 us-gaap Income Tax Reconciliation Tax Credits Other
IncomeTaxReconciliationTaxCreditsOther
297000 USD
CY2020 us-gaap Income Tax Reconciliation Tax Credits Other
IncomeTaxReconciliationTaxCreditsOther
418000 USD
CY2021 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
115000 USD
CY2020 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
43000 USD
CY2021 us-gaap Income Tax Reconciliation Change In Enacted Tax Rate
IncomeTaxReconciliationChangeInEnactedTaxRate
-1000 USD
CY2020 us-gaap Income Tax Reconciliation Change In Enacted Tax Rate
IncomeTaxReconciliationChangeInEnactedTaxRate
13000 USD
CY2021 bdl Income Tax Reconciliation Ppp Forgiveness
IncomeTaxReconciliationPppForgiveness
1576000 USD
CY2020 bdl Income Tax Reconciliation Ppp Forgiveness
IncomeTaxReconciliationPppForgiveness
USD
CY2021 us-gaap Income Tax Reconciliation Nondeductible Expense Other
IncomeTaxReconciliationNondeductibleExpenseOther
24000 USD
CY2020 us-gaap Income Tax Reconciliation Nondeductible Expense Other
IncomeTaxReconciliationNondeductibleExpenseOther
39000 USD
CY2021 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1185000 USD
CY2021Q4 bdl Unamortized Loan Costs
UnamortizedLoanCosts
254000 USD
CY2020 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-60000 USD
CY2021Q4 bdl Reversal Of Aged Payables
ReversalOfAgedPayables
18000 USD
CY2020Q4 bdl Reversal Of Aged Payables
ReversalOfAgedPayables
18000 USD
CY2021Q4 us-gaap Deferred Tax Assets Inventory
DeferredTaxAssetsInventory
26000 USD
CY2020Q4 us-gaap Deferred Tax Assets Inventory
DeferredTaxAssetsInventory
22000 USD
CY2021Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Employee Bonuses
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsEmployeeBonuses
96000 USD
CY2020Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Employee Bonuses
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsEmployeeBonuses
166000 USD
CY2021Q4 bdl Deferred Tax Assets Tax Deferred Expense Accruals For Potential Uninsured Claims
DeferredTaxAssetsTaxDeferredExpenseAccrualsForPotentialUninsuredClaims
34000 USD
CY2020Q4 bdl Deferred Tax Assets Tax Deferred Expense Accruals For Potential Uninsured Claims
DeferredTaxAssetsTaxDeferredExpenseAccrualsForPotentialUninsuredClaims
27000 USD
CY2021Q4 us-gaap Deferred Tax Assets Deferred Income
DeferredTaxAssetsDeferredIncome
195000 USD
CY2020Q4 us-gaap Deferred Tax Assets Deferred Income
DeferredTaxAssetsDeferredIncome
162000 USD
CY2021Q4 bdl Limited Partnership Management Fees
LimitedPartnershipManagementFees
-720000 USD
CY2020Q4 bdl Limited Partnership Management Fees
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2
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CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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2766000 USD
CY2021 us-gaap Depreciation Amortization And Accretion Net
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3063000 USD
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3240000 USD
CY2021Q1 us-gaap Revenues
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31380000 USD
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2609000 USD
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1978000 USD
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780000 USD
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0.42
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1.32
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1858647 shares
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1858647 shares
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1858647 shares
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423000 USD
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CY2020Q1 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
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1858647 shares
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1858647 shares
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1858647 shares
CY2020 us-gaap Defined Contribution Plan Employer Discretionary Contribution Amount
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81000 USD
CY2021 us-gaap Defined Contribution Plan Employer Discretionary Contribution Amount
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59000 USD

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