2021 Q4 Form 10-K Financial Statement

#000172358022000013 Filed on April 14, 2022

View on sec.gov

Income Statement

Concept 2021 Q4 2021 2020 Q4
Revenue $35.04M $68.87M $1.687M
YoY Change 1977.06% 100.9% -94.97%
Cost Of Revenue $19.18M $35.33M $12.60M
YoY Change 52.23% 161.12% -2.4%
Gross Profit $15.86M $33.54M $21.68M
YoY Change -26.85% 61.55% 4.99%
Gross Profit Margin 45.26% 48.7% 1285.12%
Selling, General & Admin $10.83M $32.28M $13.64M
YoY Change -20.63% 136.27%
% of Gross Profit 68.26% 96.24% 62.92%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $3.587M $10.06M $348.0K
YoY Change 930.75% 613.48% -58.07%
% of Gross Profit 22.62% 30.0% 1.61%
Operating Expenses $20.59M $54.37M $20.61M
YoY Change -0.09% 154.2% 21.09%
Operating Profit -$4.732M -$135.6M -$1.400M
YoY Change 238.0% 21429.21% -138.57%
Interest Expense -$1.360M $1.406M $6.000K
YoY Change -22766.67% -1181.54% -100.29%
% of Operating Profit
Other Income/Expense, Net $3.406M $13.81M $5.600M
YoY Change -39.18% 146.63%
Pretax Income -$117.7M -$121.2M $4.982M
YoY Change -2462.02% -2256.26% 225.62%
Income Tax -$419.0K $312.0K -$366.0K
% Of Pretax Income -7.35%
Net Earnings -$117.3M -$121.5M $5.348M
YoY Change -2292.54% -2138.49% 177.1%
Net Earnings / Revenue -334.64% -176.42% 317.01%
Basic Earnings Per Share -$6.60 $0.30
Diluted Earnings Per Share -$5.853M -$7.20 -$0.01
COMMON SHARES
Basic Shares Outstanding 21.26M 18.41M shares 17.54M shares
Diluted Shares Outstanding 18.62M shares 21.43M shares

Balance Sheet

Concept 2021 Q4 2021 2020 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $14.89M $14.89M $36.70M
YoY Change -59.43% -59.43% 2058.82%
Cash & Equivalents $14.89M $37.15M
Short-Term Investments
Other Short-Term Assets $2.526M $3.258M $1.607M
YoY Change 57.19% -51.37% 286.3%
Inventory $1.387M $1.387M $268.0K
Prepaid Expenses
Receivables $1.689M $1.689M $718.0K
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $21.22M $21.22M $43.71M
YoY Change -51.44% -52.2% 1114.45%
LONG-TERM ASSETS
Property, Plant & Equipment $29.04M $29.04M $8.004M
YoY Change 262.76% 262.94% 27.03%
Goodwill $98.00M $119.5M
YoY Change -18.02% 29935.68%
Intangibles $168.7M $116.8M
YoY Change 44.42% 49612.34%
Long-Term Investments
YoY Change
Other Assets $738.0K $738.0K $251.0K
YoY Change 194.02% 146.0% 5.46%
Total Long-Term Assets $296.5M $296.5M $245.4M
YoY Change 20.82% 21.17% 2175.88%
TOTAL ASSETS
Total Short-Term Assets $21.22M $21.22M $43.71M
Total Long-Term Assets $296.5M $296.5M $245.4M
Total Assets $317.7M $317.7M $289.1M
YoY Change 9.89% 9.9% 1910.26%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $7.841M $7.841M $1.678M
YoY Change 367.28% 361.24% 32.65%
Accrued Expenses $5.302M $5.302M $1.203M
YoY Change 340.73% 341.83% 120.73%
Deferred Revenue $468.0K $490.0K
YoY Change -4.49%
Short-Term Debt $0.00 $0.00 $3.000M
YoY Change -100.0% -100.0% 30.43%
Long-Term Debt Due $3.331M $3.331M $4.450M
YoY Change -25.15% 137.93% 270.83%
Total Short-Term Liabilities $24.33M $24.33M $9.158M
YoY Change 165.67% 164.46% 44.04%
LONG-TERM LIABILITIES
Long-Term Debt $56.80M $56.80M $1.500M
YoY Change 3686.47% 3686.47%
Other Long-Term Liabilities $5.715M $14.44M $19.40M
YoY Change -70.54% -25.57% 252.73%
Total Long-Term Liabilities $5.715M $71.24M $20.90M
YoY Change -72.66% 240.84% 280.0%
TOTAL LIABILITIES
Total Short-Term Liabilities $24.33M $24.33M $9.158M
Total Long-Term Liabilities $5.715M $71.24M $20.90M
Total Liabilities $144.4M $96.92M $30.04M
YoY Change 380.82% 223.06% 152.98%
SHAREHOLDERS EQUITY
Retained Earnings -$123.7M -$2.225M
YoY Change 5460.4%
Common Stock $297.0M $261.3M
YoY Change 13.66%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $173.3M $220.8M $259.1M
YoY Change
Total Liabilities & Shareholders Equity $317.7M $317.7M $289.1M
YoY Change 9.89% 9.9% 1910.26%

Cashflow Statement

Concept 2021 Q4 2021 2020 Q4
OPERATING ACTIVITIES
Net Income -$117.3M -$121.5M $5.348M
YoY Change -2292.54% -2138.49% 177.1%
Depreciation, Depletion And Amortization $3.587M $10.06M $348.0K
YoY Change 930.75% 613.48% -58.07%
Cash From Operating Activities -$6.654M -$7.467M -$938.0K
YoY Change 609.38% -524.26% -126.57%
INVESTING ACTIVITIES
Capital Expenditures -$2.483M $10.67M $265.0K
YoY Change -1036.98% -403.85% -110.86%
Acquisitions $27.21M
YoY Change
Other Investing Activities $5.685M $5.676M -$69.91M
YoY Change -108.13% -124.24% 215.05%
Cash From Investing Activities $3.202M -$5.015M -$27.55M
YoY Change -111.62% -81.38% 11.85%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -9.954M -$13.01M $0.00
YoY Change 342.59% -100.0%
NET CHANGE
Cash From Operating Activities -6.654M -$7.467M -$938.0K
Cash From Investing Activities 3.202M -$5.015M -$27.55M
Cash From Financing Activities -9.954M -$13.01M $0.00
Net Change In Cash -13.41M -$25.49M -$28.49M
YoY Change -52.94% -9.31% -8239.14%
FREE CASH FLOW
Cash From Operating Activities -$6.654M -$7.467M -$938.0K
Capital Expenditures -$2.483M $10.67M $265.0K
Free Cash Flow -$4.171M -$18.13M -$1.203M
YoY Change 246.72% -444.06% -120.15%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2021 dei Entity Central Index Key
EntityCentralIndexKey
0001723580
CY2021 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2021
CY2021 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
FY
CY2021 dei Amendment Flag
AmendmentFlag
false
CY2021 bfi Option Grants To Holders Demand And Piggyback Rights Periods One
OptionGrantsToHoldersDemandAndPiggybackRightsPeriodsOne
P5Y
CY2021 dei Document Type
DocumentType
10-K
CY2021 dei Document Annual Report
DocumentAnnualReport
true
CY2021 dei Document Period End Date
DocumentPeriodEndDate
2021-12-31
CY2021 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
CY2021 dei Document Transition Report
DocumentTransitionReport
false
CY2021 dei Entity File Number
EntityFileNumber
001-38417
CY2021 dei Entity Registrant Name
EntityRegistrantName
BurgerFi International, Inc.
CY2021 dei Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
DE
CY2021 dei Entity Tax Identification Number
EntityTaxIdentificationNumber
82-2418815
CY2021 dei Entity Address Address Line1
EntityAddressAddressLine1
105 U.S. Highway 1
CY2021 dei Entity Address City Or Town
EntityAddressCityOrTown
North Palm Beach
CY2021 dei Entity Address State Or Province
EntityAddressStateOrProvince
FL
CY2021 dei Entity Address Postal Zip Code
EntityAddressPostalZipCode
33408
CY2021 dei City Area Code
CityAreaCode
(561)
CY2021 dei Local Phone Number
LocalPhoneNumber
844-5528
CY2021 dei Entity Well Known Seasoned Issuer
EntityWellKnownSeasonedIssuer
No
CY2021 dei Entity Voluntary Filers
EntityVoluntaryFilers
No
CY2021 dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
CY2021 dei Entity Interactive Data Current
EntityInteractiveDataCurrent
Yes
CY2021 dei Entity Filer Category
EntityFilerCategory
Non-accelerated Filer
CY2021 dei Entity Small Business
EntitySmallBusiness
true
CY2021 dei Entity Emerging Growth Company
EntityEmergingGrowthCompany
true
CY2021 dei Entity Ex Transition Period
EntityExTransitionPeriod
false
CY2021 dei Icfr Auditor Attestation Flag
IcfrAuditorAttestationFlag
false
CY2021 dei Entity Shell Company
EntityShellCompany
false
CY2021Q2 dei Entity Public Float
EntityPublicFloat
178384760 USD
CY2022Q2 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
22042583 shares
CY2021 dei Auditor Firm
AuditorFirmId
243
CY2021 dei Auditor Name
AuditorName
BDO USA, LLPCertified Public Accountants
CY2021 dei Auditor Location
AuditorLocation
West Palm Beach, Florida
CY2021Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
14889000 USD
CY2020Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
37150000 USD
CY2021Q4 us-gaap Restricted Cash Current
RestrictedCashCurrent
0 USD
CY2020Q4 us-gaap Restricted Cash Current
RestrictedCashCurrent
3233000 USD
CY2021Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
1689000 USD
CY2020Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
718000 USD
CY2021Q4 us-gaap Inventory Net
InventoryNet
1387000 USD
CY2020Q4 us-gaap Inventory Net
InventoryNet
268000 USD
CY2021Q4 us-gaap Assets Held For Sale Not Part Of Disposal Group Current
AssetsHeldForSaleNotPartOfDisposalGroupCurrent
732000 USD
CY2020Q4 us-gaap Assets Held For Sale Not Part Of Disposal Group Current
AssetsHeldForSaleNotPartOfDisposalGroupCurrent
732000 USD
CY2021Q4 us-gaap Other Assets Current
OtherAssetsCurrent
2526000 USD
CY2020Q4 us-gaap Other Assets Current
OtherAssetsCurrent
1607000 USD
CY2021Q4 us-gaap Assets Current
AssetsCurrent
21223000 USD
CY2020Q4 us-gaap Assets Current
AssetsCurrent
43708000 USD
CY2021Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
29035000 USD
CY2020Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
8004000 USD
CY2021Q4 us-gaap Due From Related Parties Noncurrent
DueFromRelatedPartiesNoncurrent
0 USD
CY2020Q4 us-gaap Due From Related Parties Noncurrent
DueFromRelatedPartiesNoncurrent
74000 USD
CY2021Q4 us-gaap Goodwill
Goodwill
98000000 USD
CY2020Q4 us-gaap Goodwill
Goodwill
119542000 USD
CY2021Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
168723000 USD
CY2020Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
116824000 USD
CY2021Q4 us-gaap Deferred Income Tax Assets Net
DeferredIncomeTaxAssetsNet
0 USD
CY2020Q4 us-gaap Deferred Income Tax Assets Net
DeferredIncomeTaxAssetsNet
713000 USD
CY2021Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
738000 USD
CY2020Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
251000 USD
CY2021Q4 us-gaap Assets
Assets
317719000 USD
CY2020Q4 us-gaap Assets
Assets
289116000 USD
CY2021Q4 us-gaap Accounts Payable Current
AccountsPayableCurrent
7841000 USD
CY2020Q4 us-gaap Accounts Payable Current
AccountsPayableCurrent
1678000 USD
CY2021Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
5302000 USD
CY2020Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
1203000 USD
CY2021Q4 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
6481000 USD
CY2020Q4 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
430000 USD
CY2021Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
3331000 USD
CY2020Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
4450000 USD
CY2021Q4 us-gaap Deposit Liability Current
DepositLiabilityCurrent
907000 USD
CY2020Q4 us-gaap Deposit Liability Current
DepositLiabilityCurrent
907000 USD
CY2021Q4 us-gaap Deferred Revenue Current
DeferredRevenueCurrent
468000 USD
CY2020Q4 us-gaap Deferred Revenue Current
DeferredRevenueCurrent
490000 USD
CY2021Q4 us-gaap Liabilities Current
LiabilitiesCurrent
24330000 USD
CY2020Q4 us-gaap Liabilities Current
LiabilitiesCurrent
9158000 USD
CY2021Q4 bfi Long Term Debt Excluding Related Party Debt
LongTermDebtExcludingRelatedPartyDebt
56797000 USD
CY2020Q4 bfi Long Term Debt Excluding Related Party Debt
LongTermDebtExcludingRelatedPartyDebt
1522000 USD
CY2021Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.0001
CY2021Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
10000000 shares
CY2021Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
2120000 shares
CY2021Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
2120000 shares
CY2021Q4 us-gaap Shares Subject To Mandatory Redemption Settlement Terms Fair Value Of Shares
SharesSubjectToMandatoryRedemptionSettlementTermsFairValueOfShares
53000000 USD
CY2021Q4 us-gaap Shares Subject To Mandatory Redemption Settlement Terms Amount Noncurrent
SharesSubjectToMandatoryRedemptionSettlementTermsAmountNoncurrent
47525000 USD
CY2020Q4 us-gaap Shares Subject To Mandatory Redemption Settlement Terms Amount Noncurrent
SharesSubjectToMandatoryRedemptionSettlementTermsAmountNoncurrent
0 USD
CY2021Q4 us-gaap Notes Payable Related Parties Noncurrent
NotesPayableRelatedPartiesNoncurrent
8724000 USD
CY2020Q4 us-gaap Notes Payable Related Parties Noncurrent
NotesPayableRelatedPartiesNoncurrent
0 USD
CY2021Q4 us-gaap Warrants And Rights Outstanding
WarrantsAndRightsOutstanding
2706000 USD
CY2020Q4 us-gaap Warrants And Rights Outstanding
WarrantsAndRightsOutstanding
16516000 USD
CY2021Q4 us-gaap Deferred Revenue Noncurrent
DeferredRevenueNoncurrent
2109000 USD
CY2020Q4 us-gaap Deferred Revenue Noncurrent
DeferredRevenueNoncurrent
2816000 USD
CY2021Q4 us-gaap Deferred Rent Credit Noncurrent
DeferredRentCreditNoncurrent
900000 USD
CY2020Q4 us-gaap Deferred Rent Credit Noncurrent
DeferredRentCreditNoncurrent
29000 USD
CY2021Q4 us-gaap Deferred Income Tax Liabilities Net
DeferredIncomeTaxLiabilitiesNet
1353000 USD
CY2020Q4 us-gaap Deferred Income Tax Liabilities Net
DeferredIncomeTaxLiabilitiesNet
0 USD
CY2021Q4 us-gaap Liabilities
Liabilities
144444000 USD
CY2020Q4 us-gaap Liabilities
Liabilities
30041000 USD
CY2021Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.0001
CY2021Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
100000000 shares
CY2021Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
21303500 shares
CY2021Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
21303500 shares
CY2020Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
17541838 shares
CY2020Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
17541838 shares
CY2021Q4 us-gaap Common Stock Value
CommonStockValue
2000 USD
CY2020Q4 us-gaap Common Stock Value
CommonStockValue
2000 USD
CY2021Q4 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
296992000 USD
CY2020Q4 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
261298000 USD
CY2021Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-123719000 USD
CY2020Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-2225000 USD
CY2021Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
173275000 USD
CY2020Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
259075000 USD
CY2021Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
317719000 USD
CY2020Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
289116000 USD
CY2021 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
57790000 USD
CY2020Q4 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1333000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
23683000 USD
CY2021 us-gaap Revenues
Revenues
68867000 USD
CY2020Q4 us-gaap Revenues
Revenues
1687000 USD
us-gaap Revenues
Revenues
32295000 USD
CY2021 bfi Food Beverage And Paper Costs
FoodBeverageAndPaperCosts
17153000 USD
CY2020Q4 bfi Food Beverage And Paper Costs
FoodBeverageAndPaperCosts
406000 USD
bfi Food Beverage And Paper Costs
FoodBeverageAndPaperCosts
7212000 USD
CY2021 us-gaap Labor And Related Expense
LaborAndRelatedExpense
16272000 USD
CY2020Q4 us-gaap Labor And Related Expense
LaborAndRelatedExpense
304000 USD
us-gaap Labor And Related Expense
LaborAndRelatedExpense
6187000 USD
CY2021 us-gaap Other Cost And Expense Operating
OtherCostAndExpenseOperating
12039000 USD
CY2020Q4 us-gaap Other Cost And Expense Operating
OtherCostAndExpenseOperating
254000 USD
us-gaap Other Cost And Expense Operating
OtherCostAndExpenseOperating
4999000 USD
CY2021 us-gaap Occupancy Net
OccupancyNet
4940000 USD
CY2020Q4 us-gaap Occupancy Net
OccupancyNet
19000 USD
us-gaap Occupancy Net
OccupancyNet
2702000 USD
CY2021 us-gaap Asset Impairment Charges
AssetImpairmentCharges
114797000 USD
CY2020Q4 us-gaap Asset Impairment Charges
AssetImpairmentCharges
0 USD
us-gaap Asset Impairment Charges
AssetImpairmentCharges
0 USD
CY2021 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
17300000 USD
CY2020Q4 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
855000 USD
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
6925000 USD
CY2021 us-gaap Depreciation And Amortization
DepreciationAndAmortization
10060000 USD
CY2020Q4 us-gaap Depreciation And Amortization
DepreciationAndAmortization
348000 USD
us-gaap Depreciation And Amortization
DepreciationAndAmortization
1062000 USD
CY2021 us-gaap Share Based Compensation
ShareBasedCompensation
7573000 USD
CY2020Q4 us-gaap Share Based Compensation
ShareBasedCompensation
818000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
0 USD
CY2021 us-gaap Marketing And Advertising Expense
MarketingAndAdvertisingExpense
2462000 USD
CY2020Q4 us-gaap Marketing And Advertising Expense
MarketingAndAdvertisingExpense
35000 USD
us-gaap Marketing And Advertising Expense
MarketingAndAdvertisingExpense
2284000 USD
CY2021 us-gaap Pre Opening Costs
PreOpeningCosts
1905000 USD
CY2020Q4 us-gaap Pre Opening Costs
PreOpeningCosts
48000 USD
us-gaap Pre Opening Costs
PreOpeningCosts
166000 USD
CY2021 us-gaap Operating Costs And Expenses
OperatingCostsAndExpenses
204501000 USD
CY2020Q4 us-gaap Operating Costs And Expenses
OperatingCostsAndExpenses
3087000 USD
us-gaap Operating Costs And Expenses
OperatingCostsAndExpenses
31537000 USD
CY2021 us-gaap Operating Income Loss
OperatingIncomeLoss
-135634000 USD
CY2020Q4 us-gaap Operating Income Loss
OperatingIncomeLoss
-1400000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
758000 USD
CY2021 us-gaap Other Income
OtherIncome
2047000 USD
CY2020Q4 us-gaap Other Income
OtherIncome
791000 USD
us-gaap Other Income
OtherIncome
2000 USD
CY2021 us-gaap Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
-13811000 USD
CY2020Q4 us-gaap Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
-5597000 USD
us-gaap Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
0 USD
CY2021 us-gaap Interest Expense
InterestExpense
1406000 USD
CY2020Q4 us-gaap Interest Expense
InterestExpense
6000 USD
us-gaap Interest Expense
InterestExpense
125000 USD
CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-121182000 USD
CY2020Q4 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
4982000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
635000 USD
CY2021 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
312000 USD
CY2020Q4 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-366000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
0 USD
CY2021 us-gaap Profit Loss
ProfitLoss
-121494000 USD
CY2020Q4 us-gaap Profit Loss
ProfitLoss
5348000 USD
us-gaap Profit Loss
ProfitLoss
635000 USD
CY2021 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
0 USD
CY2020Q4 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
0 USD
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
20000 USD
CY2021 us-gaap Net Income Loss
NetIncomeLoss
-121494000 USD
CY2020Q4 us-gaap Net Income Loss
NetIncomeLoss
5348000 USD
us-gaap Net Income Loss
NetIncomeLoss
615000 USD
CY2021 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
18408247 shares
CY2020Q4 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
17541838 shares
CY2021 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
18624447 shares
CY2020Q4 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
21426115 shares
CY2021 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-6.60
CY2020Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.30
CY2021 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-7.20
CY2020Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.01
CY2019Q4 us-gaap Limited Liability Company Llc Members Equity Including Portion Attributable To Noncontrolling Interest
LimitedLiabilityCompanyLlcMembersEquityIncludingPortionAttributableToNoncontrollingInterest
2507000 USD
us-gaap Profit Loss
ProfitLoss
635000 USD
us-gaap Partners Capital Account Distributions
PartnersCapitalAccountDistributions
6007000 USD
CY2020Q4 us-gaap Limited Liability Company Llc Members Equity Including Portion Attributable To Noncontrolling Interest
LimitedLiabilityCompanyLlcMembersEquityIncludingPortionAttributableToNoncontrollingInterest
-2865000 USD
CY2021 us-gaap Stock Issued During Period Value Acquisitions
StockIssuedDuringPeriodValueAcquisitions
28120000 USD
CY2021 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
192000 USD
CY2020Q4 us-gaap Stockholders Equity
StockholdersEquity
46022000 USD
CY2020Q4 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
818000 USD
CY2020Q4 us-gaap Stock Issued During Period Value Acquisitions
StockIssuedDuringPeriodValueAcquisitions
103680000 USD
CY2020Q4 bfi Business Acquisition Contingent Consideration
BusinessAcquisitionContingentConsideration
103207000 USD
CY2020Q4 us-gaap Profit Loss
ProfitLoss
5348000 USD
CY2020Q4 us-gaap Stockholders Equity
StockholdersEquity
259075000 USD
CY2021 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
7381000 USD
CY2021 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
1000 USD
CY2021 us-gaap Profit Loss
ProfitLoss
-121494000 USD
CY2021Q4 us-gaap Stockholders Equity
StockholdersEquity
173275000 USD
CY2021 us-gaap Profit Loss
ProfitLoss
-121494000 USD
CY2020Q4 us-gaap Profit Loss
ProfitLoss
5348000 USD
us-gaap Profit Loss
ProfitLoss
635000 USD
CY2021 us-gaap Asset Impairment Charges
AssetImpairmentCharges
114797000 USD
CY2020Q4 us-gaap Asset Impairment Charges
AssetImpairmentCharges
0 USD
us-gaap Asset Impairment Charges
AssetImpairmentCharges
0 USD
CY2021 us-gaap Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
-13811000 USD
CY2020Q4 us-gaap Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
-5597000 USD
us-gaap Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
0 USD
CY2021 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
10060000 USD
CY2020Q4 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
348000 USD
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
1062000 USD
CY2021 us-gaap Share Based Compensation
ShareBasedCompensation
7573000 USD
CY2020Q4 us-gaap Share Based Compensation
ShareBasedCompensation
818000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
0 USD
CY2021 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
2237000 USD
CY2020Q4 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
791000 USD
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
0 USD
CY2021 bfi Forfeited Franchise Deposits
ForfeitedFranchiseDeposits
834000 USD
CY2021 bfi Deferred Income Tax Expense Benefit Net Of Valuation Allowance
DeferredIncomeTaxExpenseBenefitNetOfValuationAllowance
312000 USD
CY2020Q4 bfi Deferred Income Tax Expense Benefit Net Of Valuation Allowance
DeferredIncomeTaxExpenseBenefitNetOfValuationAllowance
-370000 USD
CY2021 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
-203000 USD
CY2020Q4 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
0 USD
CY2020Q4 bfi Forfeited Franchise Deposits
ForfeitedFranchiseDeposits
0 USD
bfi Forfeited Franchise Deposits
ForfeitedFranchiseDeposits
693000 USD
bfi Deferred Income Tax Expense Benefit Net Of Valuation Allowance
DeferredIncomeTaxExpenseBenefitNetOfValuationAllowance
0 USD
CY2021 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-841000 USD
CY2020Q4 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
0 USD
us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
0 USD
CY2021 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
234000 USD
CY2020Q4 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
0 USD
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
133000 USD
us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
0 USD
CY2021 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
633000 USD
CY2020Q4 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
339000 USD
us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
218000 USD
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-6000 USD
CY2021 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
-81000 USD
CY2020Q4 bfi Increase Decrease In Deferred Revenue And Other Liabilities
IncreaseDecreaseInDeferredRevenueAndOtherLiabilities
196000 USD
bfi Increase Decrease In Deferred Revenue And Other Liabilities
IncreaseDecreaseInDeferredRevenueAndOtherLiabilities
473000 USD
CY2021 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
142000 USD
CY2020Q4 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
8000 USD
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
10000 USD
CY2020Q4 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
552000 USD
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
-121000 USD
CY2021 us-gaap Increase Decrease In Accounts Payable Trade
IncreaseDecreaseInAccountsPayableTrade
303000 USD
CY2020Q4 us-gaap Increase Decrease In Accounts Payable Trade
IncreaseDecreaseInAccountsPayableTrade
-275000 USD
us-gaap Increase Decrease In Accounts Payable Trade
IncreaseDecreaseInAccountsPayableTrade
751000 USD
CY2021 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
-4045000 USD
CY2020Q4 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
284000 USD
CY2021 us-gaap Increase Decrease In Other Deferred Liability
IncreaseDecreaseInOtherDeferredLiability
871000 USD
CY2020Q4 us-gaap Increase Decrease In Other Deferred Liability
IncreaseDecreaseInOtherDeferredLiability
0 USD
us-gaap Increase Decrease In Other Deferred Liability
IncreaseDecreaseInOtherDeferredLiability
0 USD
CY2021 bfi Increase Decrease In Deferred Revenue And Other Liabilities
IncreaseDecreaseInDeferredRevenueAndOtherLiabilities
454000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
2696000 USD
CY2020Q4 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
265000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
3244000 USD
CY2021 bfi Payments To Acquire Business From Related Party
PaymentsToAcquireBusinessFromRelatedParty
0 USD
CY2020Q4 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
27210000 USD
CY2021 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-7467000 USD
CY2020Q4 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-938000 USD
CY2020Q4 bfi Payments To Acquire Business From Related Party
PaymentsToAcquireBusinessFromRelatedParty
0 USD
bfi Payments To Acquire Business From Related Party
PaymentsToAcquireBusinessFromRelatedParty
385000 USD
CY2021 bfi Proceeds From Deposit On Sale
ProceedsFromDepositOnSale
0 USD
CY2020Q4 bfi Proceeds From Deposit On Sale
ProceedsFromDepositOnSale
0 USD
bfi Proceeds From Deposit On Sale
ProceedsFromDepositOnSale
907000 USD
CY2021 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
10665000 USD
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
0 USD
CY2021 us-gaap Cash Acquired From Acquisition
CashAcquiredFromAcquisition
5522000 USD
us-gaap Cash Acquired From Acquisition
CashAcquiredFromAcquisition
0 USD
CY2021 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
80000 USD
CY2020Q4 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
0 USD
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
0 USD
CY2021 us-gaap Payments For Advance To Affiliate
PaymentsForAdvanceToAffiliate
0 USD
CY2020Q4 us-gaap Payments For Advance To Affiliate
PaymentsForAdvanceToAffiliate
74000 USD
us-gaap Payments For Advance To Affiliate
PaymentsForAdvanceToAffiliate
7863000 USD
CY2021 us-gaap Proceeds From Repayments Of Related Party Debt
ProceedsFromRepaymentsOfRelatedPartyDebt
74000 USD
CY2020Q4 us-gaap Proceeds From Repayments Of Related Party Debt
ProceedsFromRepaymentsOfRelatedPartyDebt
0 USD
us-gaap Proceeds From Repayments Of Related Party Debt
ProceedsFromRepaymentsOfRelatedPartyDebt
11205000 USD
CY2021 us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
26000 USD
CY2020Q4 us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
0 USD
us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
0 USD
CY2021 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-5015000 USD
CY2020Q4 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-27549000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
620000 USD
CY2021 us-gaap Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
0 USD
CY2020Q4 us-gaap Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
0 USD
us-gaap Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
5393000 USD
CY2021 us-gaap Repayments Of Debt
RepaymentsOfDebt
12168000 USD
CY2020Q4 us-gaap Repayments Of Debt
RepaymentsOfDebt
0 USD
us-gaap Repayments Of Debt
RepaymentsOfDebt
2329000 USD
CY2021 us-gaap Payment Of Financing And Stock Issuance Costs
PaymentOfFinancingAndStockIssuanceCosts
844000 USD
CY2020Q4 us-gaap Payment Of Financing And Stock Issuance Costs
PaymentOfFinancingAndStockIssuanceCosts
0 USD
us-gaap Payment Of Financing And Stock Issuance Costs
PaymentOfFinancingAndStockIssuanceCosts
0 USD
CY2021 us-gaap Payments Of Distributions To Affiliates
PaymentsOfDistributionsToAffiliates
0 USD
CY2020Q4 us-gaap Payments Of Distributions To Affiliates
PaymentsOfDistributionsToAffiliates
0 USD
us-gaap Payments Of Distributions To Affiliates
PaymentsOfDistributionsToAffiliates
6007000 USD
CY2021 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-13012000 USD
CY2020Q4 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
0 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-2943000 USD
CY2021 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-25494000 USD
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-28487000 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
373000 USD
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
40383000 USD
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
68870000 USD
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
2417000 USD
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
14889000 USD
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
40383000 USD
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
2790000 USD
CY2021 us-gaap Stock Issued1
StockIssued1
28965000 USD
CY2021 bfi Noncash Or Part Noncash Acquisition Value Of Equity Assumed
NoncashOrPartNoncashAcquisitionValueOfEquityAssumed
46906000 USD
CY2021 us-gaap Interest Paid Net
InterestPaidNet
551000 USD
CY2021 us-gaap Income Taxes Paid
IncomeTaxesPaid
7000 USD
CY2021Q4 us-gaap Number Of Stores
NumberOfStores
179 Store
CY2021Q4 bfi Number Of Brands
NumberOfBrands
2 brand
CY2021 us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<div style="text-align:justify"><span style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Reclassifications</span></div><div style="text-align:justify"><span><br/></span></div><div style="text-align:justify"><span style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Certain reclassifications have been made to the prior year presentation to conform to the current year presentation.</span></div>
CY2020Q4 bfi Contract With Customer Liability Revenue Recognized Related To Franchise Agreement Termination
ContractWithCustomerLiabilityRevenueRecognizedRelatedToFranchiseAgreementTermination
0 USD
bfi Contract With Customer Liability Revenue Recognized Related To Franchise Agreement Termination
ContractWithCustomerLiabilityRevenueRecognizedRelatedToFranchiseAgreementTermination
693000 USD
CY2021 us-gaap Use Of Estimates
UseOfEstimates
Use of Estimates The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosures of contingencies at the date of the unaudited condensed consolidated financial statements and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates.
CY2021Q4 us-gaap Number Of Stores
NumberOfStores
179 Store
CY2020Q4 us-gaap Number Of Stores
NumberOfStores
119 Store
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
15000000 USD
CY2021Q4 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
2 Segment
CY2021Q4 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
2 Segment
CY2021Q4 us-gaap Time Sharing Transactions Allowance For Uncollectible Accounts
TimeSharingTransactionsAllowanceForUncollectibleAccounts
31000 USD
CY2020Q4 us-gaap Time Sharing Transactions Allowance For Uncollectible Accounts
TimeSharingTransactionsAllowanceForUncollectibleAccounts
0 USD
CY2021 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
106476000 USD
CY2021 us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
80495000 USD
CY2021 bfi Asset Impairment Charges Excluding Goodwill
AssetImpairmentChargesExcludingGoodwill
8300000 USD
CY2021 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
106500000 USD
CY2020Q4 us-gaap Goodwill
Goodwill
119542000 USD
CY2021 us-gaap Goodwill Purchase Accounting Adjustments
GoodwillPurchaseAccountingAdjustments
4439000 USD
CY2021Q4 us-gaap Goodwill
Goodwill
98000000 USD
CY2021 us-gaap Net Income Loss
NetIncomeLoss
-121494000 USD
CY2020Q4 us-gaap Net Income Loss
NetIncomeLoss
5348000 USD
CY2021 bfi Fair Value Adjustment Of Dilutive Warrants
FairValueAdjustmentOfDilutiveWarrants
-12619000 USD
CY2020Q4 bfi Fair Value Adjustment Of Dilutive Warrants
FairValueAdjustmentOfDilutiveWarrants
-5597000 USD
CY2021 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-134113000 USD
CY2020Q4 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-249000 USD
CY2021 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
18408247 shares
CY2020Q4 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
17541838 shares
CY2021 bfi Incremental Common Shares Attributable To Dilutive Effect Of Restricted Stock Grants And Warrants
IncrementalCommonSharesAttributableToDilutiveEffectOfRestrictedStockGrantsAndWarrants
211854 shares
CY2020Q4 bfi Incremental Common Shares Attributable To Dilutive Effect Of Restricted Stock Grants And Warrants
IncrementalCommonSharesAttributableToDilutiveEffectOfRestrictedStockGrantsAndWarrants
3468872 shares
CY2021 bfi Incremental Common Shares Attributable To Dilutive Effect Of Unit Purchase Option
IncrementalCommonSharesAttributableToDilutiveEffectOfUnitPurchaseOption
4346 shares
CY2020Q4 bfi Incremental Common Shares Attributable To Dilutive Effect Of Unit Purchase Option
IncrementalCommonSharesAttributableToDilutiveEffectOfUnitPurchaseOption
415405 shares
CY2021 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
18624447 shares
CY2020Q4 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
21426115 shares
CY2021 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-6.60
CY2020Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.30
CY2021 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-7.20
CY2020Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.01
CY2021 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Concentration of Risk</span></div><div style="text-align:justify"><span><br/></span></div><div style="text-align:justify"><span style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Management believes there is no concentration of risk with any single franchisee or small group of franchisees whose failure or nonperformance would materially affect the Company’s results of operations. </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company had no customers which accounted for 10% or more of consolidated revenue for the year ended December 31, 2021, or for the Successor period from December 16, 2020 to December 31, 2020, or for the Predecessor period from January 1, 2020 to December 15, 2020. As of December 31, 2021, the Company had one main in-line distributor of food, packaging and beverage products, excluding breads, that provided approximately 90% of the Company's restaurants purchasing in the U.S. and three additional in-line distributors of beverages that, in the aggregate, provided approximately 5% of the Company's restaurant purchasing in the U.S. We believe that our vulnerability to risk concentrations related to significant vendors and sources of our raw materials is mitigated as we believe that there are other vendors who would be able to service our requirements. However, if a disruption of service from any of our main in-line distributors was to occur, we could experience short-term increases in our costs while distribution channels were adjusted.</span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company's restaurants are principally located throughout the United States. The Company has corporate-owned and franchised locations in 26 states, with the largest number in Florida. We believe the risk of geographic concentration is not significant. We could be adversely affected by changing consumer preferences resulting from concerns over nutritional or safety aspects of ingredients we sell or the effects of food safety events or disease outbreaks. </span></div><div style="text-align:justify"><span><br/></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company is subject to credit risk through its accounts receivable consisting primarily of amounts due from franchisees for royalties and franchise fees. This concentration of credit risk is mitigated, in part, by the number of franchisees and the short-term nature of the franchise receivables.</span></div>
CY2021Q4 us-gaap Number Of States In Which Entity Operates
NumberOfStatesInWhichEntityOperates
26 state
CY2021 bfi Revenue Recognition Services Deposit To Open Additional Locations Percentage Of Total Franchise Fee
RevenueRecognitionServicesDepositToOpenAdditionalLocationsPercentageOfTotalFranchiseFee
0.50
CY2021Q4 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
212000 USD
CY2020Q4 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
480000 USD
CY2021Q4 bfi Contract With Customer Gift Card Liability
ContractWithCustomerGiftCardLiability
2587000 USD
CY2020Q4 bfi Contract With Customer Gift Card Liability
ContractWithCustomerGiftCardLiability
430000 USD
CY2021Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
468000 USD
CY2020Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
490000 USD
CY2021Q4 us-gaap Contract With Customer Liability Noncurrent
ContractWithCustomerLiabilityNoncurrent
2109000 USD
CY2020Q4 us-gaap Contract With Customer Liability Noncurrent
ContractWithCustomerLiabilityNoncurrent
2816000 USD
CY2020Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
3306000 USD
CY2020Q4 bfi Contract With Customer Liability Including Adjustment
ContractWithCustomerLiabilityIncludingAdjustment
3053000 USD
CY2019Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
4688000 USD
CY2021 bfi Contract With Customer Liability Initial Franchise Fees Received
ContractWithCustomerLiabilityInitialFranchiseFeesReceived
290000 USD
CY2020Q4 bfi Contract With Customer Liability Initial Franchise Fees Received
ContractWithCustomerLiabilityInitialFranchiseFeesReceived
278000 USD
bfi Contract With Customer Liability Initial Franchise Fees Received
ContractWithCustomerLiabilityInitialFranchiseFeesReceived
413000 USD
CY2021 bfi Contract With Customer Liability Revenue Recognized For Stores Opened During Period
ContractWithCustomerLiabilityRevenueRecognizedForStoresOpenedDuringPeriod
235000 USD
CY2020Q4 bfi Contract With Customer Liability Revenue Recognized For Stores Opened During Period
ContractWithCustomerLiabilityRevenueRecognizedForStoresOpenedDuringPeriod
25000 USD
bfi Contract With Customer Liability Revenue Recognized For Stores Opened During Period
ContractWithCustomerLiabilityRevenueRecognizedForStoresOpenedDuringPeriod
362000 USD
CY2021 bfi Contract With Customer Liability Revenue Recognized Related To Franchise Agreement Termination
ContractWithCustomerLiabilityRevenueRecognizedRelatedToFranchiseAgreementTermination
834000 USD
CY2021 us-gaap Advertising Expense
AdvertisingExpense
900000 USD
CY2020Q4 bfi Contract With Customer Liability Including Adjustment
ContractWithCustomerLiabilityIncludingAdjustment
3306000 USD
CY2021 bfi Contract With Customer Liability Other
ContractWithCustomerLiabilityOther
50000 USD
CY2020Q4 bfi Contract With Customer Liability Other
ContractWithCustomerLiabilityOther
0 USD
bfi Contract With Customer Liability Other
ContractWithCustomerLiabilityOther
0 USD
CY2021Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
2577000 USD
CY2020Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
4046000 USD
CY2021Q4 us-gaap Sales And Excise Tax Payable Current
SalesAndExciseTaxPayableCurrent
1100000 USD
CY2020Q4 us-gaap Sales And Excise Tax Payable Current
SalesAndExciseTaxPayableCurrent
200000 USD
CY2020Q4 us-gaap Advertising Expense
AdvertisingExpense
23000 USD
us-gaap Advertising Expense
AdvertisingExpense
500000 USD
CY2021 us-gaap Pre Opening Costs
PreOpeningCosts
1900000 USD
CY2020Q4 us-gaap Pre Opening Costs
PreOpeningCosts
48000 USD
us-gaap Pre Opening Costs
PreOpeningCosts
200000 USD
CY2021Q4 us-gaap Lessee Operating Lease Term Of Contract
LesseeOperatingLeaseTermOfContract
P10Y
CY2021 bfi Lessee Operating Lease Number Of Renewal Time
LesseeOperatingLeaseNumberOfRenewalTime
1 Renewal_time
CY2021 bfi Lease Term Renewal Option
LeaseTermRenewalOption
P5Y
CY2021Q4 us-gaap Restricted Cash
RestrictedCash
0 USD
CY2020Q4 us-gaap Restricted Cash
RestrictedCash
3233000 USD
CY2021Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
31563000 USD
CY2020Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
8052000 USD
CY2021Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
2528000 USD
CY2020Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
48000 USD
CY2021Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
29035000 USD
CY2020Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
8004000 USD
CY2021 us-gaap Depreciation
Depreciation
2500000 USD
CY2020Q4 us-gaap Depreciation
Depreciation
48000000 USD
us-gaap Depreciation
Depreciation
1000000 USD
CY2021 us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
600000 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
176578000 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
7855000 USD
CY2021Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
168723000 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
117124000 USD
CY2021Q4 us-gaap Debt Instrument Unamortized Discount
DebtInstrumentUnamortizedDiscount
1276000 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
300000 USD
CY2020Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
116824000 USD
CY2021 us-gaap Impairment Of Intangible Assets Excluding Goodwill
ImpairmentOfIntangibleAssetsExcludingGoodwill
7700000 USD
CY2021 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
7600000 USD
CY2020Q4 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
300000 USD
CY2020 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
0 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
8490000 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
8467000 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
8353000 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
8353000 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
8353000 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Amortization Expense After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive
120029000 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
162045000 USD
CY2021 bfi Deferred Income Tax Expense Benefit Net Of Valuation Allowance
DeferredIncomeTaxExpenseBenefitNetOfValuationAllowance
312000 USD
CY2020Q4 bfi Deferred Income Tax Expense Benefit Net Of Valuation Allowance
DeferredIncomeTaxExpenseBenefitNetOfValuationAllowance
-370000 USD
CY2021Q4 us-gaap Business Acquisition Cost Of Acquired Entity Transaction Costs
BusinessAcquisitionCostOfAcquiredEntityTransactionCosts
3100000 USD
CY2021Q4 bfi Business Acquisition Financing Costs
BusinessAcquisitionFinancingCosts
800000 USD
CY2021 us-gaap Business Acquisitions Pro Forma Revenue
BusinessAcquisitionsProFormaRevenue
168906000 USD
CY2020 us-gaap Business Acquisitions Pro Forma Revenue
BusinessAcquisitionsProFormaRevenue
107160000 USD
CY2021 us-gaap Business Acquisitions Pro Forma Net Income Loss
BusinessAcquisitionsProFormaNetIncomeLoss
-138490000 USD
CY2020 us-gaap Business Acquisitions Pro Forma Net Income Loss
BusinessAcquisitionsProFormaNetIncomeLoss
-19890000 USD
CY2021 us-gaap Asset Impairment Charges
AssetImpairmentCharges
114800000 USD
CY2021 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
106476000 USD
CY2021 us-gaap Impairment Of Intangible Assets Indefinitelived Excluding Goodwill
ImpairmentOfIntangibleAssetsIndefinitelivedExcludingGoodwill
7706000 USD
CY2021 us-gaap Tangible Asset Impairment Charges
TangibleAssetImpairmentCharges
615000 USD
CY2021 us-gaap Asset Impairment Charges
AssetImpairmentCharges
114797000 USD
CY2021 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
106500000 USD
CY2021 us-gaap Impairment Of Intangible Assets Indefinitelived Excluding Goodwill
ImpairmentOfIntangibleAssetsIndefinitelivedExcludingGoodwill
7700000 USD
CY2021 us-gaap Tangible Asset Impairment Charges
TangibleAssetImpairmentCharges
600000 USD
CY2020Q4 us-gaap Due From Related Parties
DueFromRelatedParties
74000 USD
CY2020Q4 us-gaap Lessee Operating Lease Term Of Contract
LesseeOperatingLeaseTermOfContract
P10Y
CY2020Q4 bfi Term Of Possession Of Premises To Tenant
TermOfPossessionOfPremisesToTenant
P180D
CY2021 us-gaap Operating Lease Expense
OperatingLeaseExpense
46000 USD
CY2021 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
312000 USD
CY2020Q4 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-366000 USD
CY2020 us-gaap Operating Lease Expense
OperatingLeaseExpense
0 USD
CY2021Q2 bfi Annual Cash Compensation And Expense Reimbursements
AnnualCashCompensationAndExpenseReimbursements
100000 USD
CY2021 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
4900000 USD
CY2020Q4 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
19000 USD
us-gaap Lease And Rental Expense
LeaseAndRentalExpense
2700000 USD
CY2021Q4 us-gaap Operating Leases Future Minimum Payments Next Rolling Twelve Months
OperatingLeasesFutureMinimumPaymentsNextRollingTwelveMonths
11159000 USD
CY2021Q4 us-gaap Operating Leases Future Minimum Payments Due In Rolling Year Two
OperatingLeasesFutureMinimumPaymentsDueInRollingYearTwo
12911000 USD
CY2021Q4 us-gaap Operating Leases Future Minimum Payments Due In Rolling Year Three
OperatingLeasesFutureMinimumPaymentsDueInRollingYearThree
11287000 USD
CY2021Q4 us-gaap Operating Leases Future Minimum Payments Due In Rolling Year Four
OperatingLeasesFutureMinimumPaymentsDueInRollingYearFour
9520000 USD
CY2021Q4 us-gaap Operating Leases Future Minimum Payments Due In Rolling Year Five
OperatingLeasesFutureMinimumPaymentsDueInRollingYearFive
7733000 USD
CY2021Q4 us-gaap Operating Leases Future Minimum Payments Due In Rolling After Year Five
OperatingLeasesFutureMinimumPaymentsDueInRollingAfterYearFive
22542000 USD
CY2021Q4 us-gaap Mandatorily Redeemable Preferred Stock Fair Value Disclosure
MandatorilyRedeemablePreferredStockFairValueDisclosure
47500000 USD
CY2021 bfi Fair Value Adjustment Of Mandatorily Redeemable Preferred Stock Interest Expense
FairValueAdjustmentOfMandatorilyRedeemablePreferredStockInterestExpense
600000 USD
CY2021Q4 us-gaap Notes Payable
NotesPayable
706000 USD
CY2020Q4 us-gaap Notes Payable
NotesPayable
555000 USD
CY2021Q4 us-gaap Non Recourse Debt
NonRecourseDebt
168000 USD
CY2020Q4 us-gaap Non Recourse Debt
NonRecourseDebt
168000 USD
CY2021Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
71135000 USD
CY2020Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
5972000 USD
CY2020Q4 us-gaap Debt Instrument Unamortized Discount
DebtInstrumentUnamortizedDiscount
0 USD
CY2021Q4 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
1007000 USD
CY2020Q4 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
0 USD
CY2021Q4 us-gaap Long Term Debt
LongTermDebt
68852000 USD
CY2020Q4 us-gaap Long Term Debt
LongTermDebt
5972000 USD
CY2021Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
3331000 USD
CY2020Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
4450000 USD
CY2021Q4 bfi Long Term Debt And Related Party Debt Noncurrent
LongTermDebtAndRelatedPartyDebtNoncurrent
65521000 USD
CY2020Q4 bfi Long Term Debt And Related Party Debt Noncurrent
LongTermDebtAndRelatedPartyDebtNoncurrent
1522000 USD
CY2021Q4 us-gaap Repayments Of Debt
RepaymentsOfDebt
8300000 USD
CY2021 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
100000 USD
CY2021Q4 bfi Notes Payable Monthly Payment
NotesPayableMonthlyPayment
9000 USD
CY2021Q1 us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
3000000 USD
CY2021Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
3332000 USD
CY2021Q4 us-gaap Long Term Debt Maturities Repayments Of Principal After Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive
416000 USD
CY2021Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
71135000 USD
CY2021 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
-7833000 USD
CY2021Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
3339000 USD
CY2021Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
63845000 USD
CY2021Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
98000 USD
CY2021Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
105000 USD
CY2021Q4 us-gaap Shares Subject To Mandatory Redemption Settlement Terms Amount Noncurrent
SharesSubjectToMandatoryRedemptionSettlementTermsAmountNoncurrent
46900000 USD
CY2021Q4 us-gaap Mandatorily Redeemable Preferred Stock Fair Value Disclosure
MandatorilyRedeemablePreferredStockFairValueDisclosure
47500000 USD
CY2020Q4 bfi Deferred Income Tax Expense Benefit Valuation Allowance
DeferredIncomeTaxExpenseBenefitValuationAllowance
0 USD
CY2021 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
0 USD
CY2020Q4 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
4000 USD
CY2021 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
0 USD
CY2020Q4 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
0 USD
CY2021 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
0 USD
CY2020Q4 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
4000 USD
CY2020Q4 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
-314000 USD
CY2021 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
-2192000 USD
CY2020Q4 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
-56000 USD
CY2021 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-10025000 USD
CY2020Q4 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-370000 USD
CY2021 bfi Deferred Income Tax Expense Benefit Valuation Allowance
DeferredIncomeTaxExpenseBenefitValuationAllowance
10337000 USD
CY2020Q4 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
0 USD
CY2020Q4 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
-56000 USD
CY2021 bfi Income Tax Reconciliation Change In Derivative Liability
IncomeTaxReconciliationChangeInDerivativeLiability
2900000 USD
CY2020Q4 bfi Income Tax Reconciliation Change In Derivative Liability
IncomeTaxReconciliationChangeInDerivativeLiability
1175000 USD
CY2021 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
42000 USD
CY2021 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
-25407000 USD
CY2020Q4 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
1046000 USD
CY2021 us-gaap Income Tax Reconciliation Tax Exempt Income
IncomeTaxReconciliationTaxExemptIncome
-402000 USD
CY2020Q4 us-gaap Income Tax Reconciliation Tax Exempt Income
IncomeTaxReconciliationTaxExemptIncome
181000 USD
CY2021 us-gaap Income Tax Reconciliation Nondeductible Expense Share Based Compensation Cost
IncomeTaxReconciliationNondeductibleExpenseShareBasedCompensationCost
496000 USD
CY2020Q4 us-gaap Income Tax Reconciliation Nondeductible Expense Share Based Compensation Cost
IncomeTaxReconciliationNondeductibleExpenseShareBasedCompensationCost
0 USD
CY2021 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
-1888000 USD
CY2021 us-gaap Income Tax Reconciliation Nondeductible Expense Impairment Losses
IncomeTaxReconciliationNondeductibleExpenseImpairmentLosses
19820000 USD
CY2020Q4 us-gaap Income Tax Reconciliation Nondeductible Expense Impairment Losses
IncomeTaxReconciliationNondeductibleExpenseImpairmentLosses
0 USD
CY2021 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
10337000 USD
CY2021Q4 bfi Deferred Tax Assets Goodwill
DeferredTaxAssetsGoodwill
2794000 USD
CY2020Q4 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
0 USD
CY2021 us-gaap Income Tax Reconciliation Change In Enacted Tax Rate
IncomeTaxReconciliationChangeInEnactedTaxRate
-406000 USD
CY2020Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Deferred Rent
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsDeferredRent
7000 USD
CY2020Q4 us-gaap Income Tax Reconciliation Change In Enacted Tax Rate
IncomeTaxReconciliationChangeInEnactedTaxRate
0 USD
CY2021 bfi Effective Income Tax Rate Reconciliation Tip Credit
EffectiveIncomeTaxRateReconciliationTIPCredit
184000 USD
CY2020Q4 bfi Effective Income Tax Rate Reconciliation Tip Credit
EffectiveIncomeTaxRateReconciliationTIPCredit
0 USD
CY2021 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
312000 USD
CY2020Q4 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-366000 USD
CY2021Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Allowance For Doubtful Accounts
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAllowanceForDoubtfulAccounts
57000 USD
CY2020Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Allowance For Doubtful Accounts
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAllowanceForDoubtfulAccounts
33000 USD
CY2020Q4 bfi Deferred Tax Assets Goodwill
DeferredTaxAssetsGoodwill
0 USD
CY2021Q4 us-gaap Deferred Tax Assets Deferred Income
DeferredTaxAssetsDeferredIncome
684000 USD
CY2020Q4 us-gaap Deferred Tax Assets Deferred Income
DeferredTaxAssetsDeferredIncome
752000 USD
CY2021Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Deferred Rent
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsDeferredRent
239000 USD
CY2021Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost
1250000 USD
CY2020Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost
203000 USD
CY2021Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Employee Compensation
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsEmployeeCompensation
217000 USD
CY2020Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Employee Compensation
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsEmployeeCompensation
0 USD
CY2021Q4 bfi Deferred Tax Asset Interest Expense
DeferredTaxAssetInterestExpense
3540000 USD
CY2020Q4 bfi Deferred Tax Asset Interest Expense
DeferredTaxAssetInterestExpense
0 USD
CY2021Q4 us-gaap Deferred Tax Assets Tax Credit Carryforwards
DeferredTaxAssetsTaxCreditCarryforwards
713000 USD
CY2020Q4 us-gaap Deferred Tax Assets Tax Credit Carryforwards
DeferredTaxAssetsTaxCreditCarryforwards
0 USD
CY2021Q4 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
1075000 USD
CY2020Q4 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
151000 USD
CY2021Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
23850000 USD
CY2020Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
2696000 USD
CY2021Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
11383000 USD
CY2020Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
0 USD
CY2021Q4 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
12467000 USD
CY2020Q4 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
2696000 USD
CY2021 bfi Stock Issued During Period Shares Warrant Exercised
StockIssuedDuringPeriodSharesWarrantExercised
7969 shares
CY2021Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.0001
CY2021Q4 us-gaap Deferred Tax Liabilities Property Plant And Equipment
DeferredTaxLiabilitiesPropertyPlantAndEquipment
520000 USD
CY2020Q4 us-gaap Deferred Tax Liabilities Property Plant And Equipment
DeferredTaxLiabilitiesPropertyPlantAndEquipment
1876000 USD
CY2021Q4 us-gaap Deferred Tax Liabilities Goodwill And Intangible Assets Intangible Assets
DeferredTaxLiabilitiesGoodwillAndIntangibleAssetsIntangibleAssets
13300000 USD
CY2020Q4 us-gaap Deferred Tax Liabilities Goodwill And Intangible Assets Intangible Assets
DeferredTaxLiabilitiesGoodwillAndIntangibleAssetsIntangibleAssets
87000 USD
CY2021Q4 us-gaap Deferred Tax Liabilities Goodwill And Intangible Assets Goodwill
DeferredTaxLiabilitiesGoodwillAndIntangibleAssetsGoodwill
0 USD
CY2020Q4 us-gaap Deferred Tax Liabilities Goodwill And Intangible Assets Goodwill
DeferredTaxLiabilitiesGoodwillAndIntangibleAssetsGoodwill
20000 USD
CY2021Q4 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
13820000 USD
CY2020Q4 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
1983000 USD
CY2021Q4 us-gaap Deferred Tax Liabilities
DeferredTaxLiabilities
1353000 USD
CY2020Q4 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
713000 USD
CY2021Q4 us-gaap Operating Loss Carryforwards
OperatingLossCarryforwards
53400000 USD
CY2021Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
11400000 USD
CY2020Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
0 USD
CY2020Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
0 USD
CY2021 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
0 USD
CY2020Q4 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
0 USD
CY2021 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
660000 USD
CY2020Q4 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
0 USD
CY2021Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
660000 USD
CY2020Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
0 USD
CY2021Q4 bfi Income Tax Expense Refundable Amount
IncomeTaxExpenseRefundableAmount
700000 USD
CY2021Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
100000000 shares
CY2021Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.0001
CY2021Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
21303500 shares
CY2021Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
21303500 shares
CY2020Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
17541838 shares
CY2020Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
17541838 shares
CY2021Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
10000000 shares
CY2021Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.0001
CY2021Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
2120000 shares
CY2021 us-gaap Employee Benefits And Share Based Compensation
EmployeeBenefitsAndShareBasedCompensation
7600000 USD
CY2021Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
2120000 shares
CY2020Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2020Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2021Q4 us-gaap Class Of Warrant Or Right Outstanding
ClassOfWarrantOrRightOutstanding
15063800 shares
CY2021Q4 us-gaap Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1
ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1
11.50
CY2021 bfi Upo Units That Are Exercisable
UPOUnitsThatAreExercisable
75000 shares
CY2021Q4 us-gaap Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1
ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1
11.50
CY2021 bfi Number Of Upo Units Exchanged
NumberOfUPOUnitsExchanged
675000 shares
CY2021 bfi Number Of Shares In Exchange For Upo Units
NumberOfSharesInExchangeForUPOUnits
283669 shares
CY2021Q4 us-gaap Class Of Warrant Or Right Number Of Securities Called By Warrants Or Rights
ClassOfWarrantOrRightNumberOfSecuritiesCalledByWarrantsOrRights
100 shares
CY2021 bfi Class Of Warrant Or Right Shares Issued In Cashless Exercise
ClassOfWarrantOrRightSharesIssuedInCashlessExercise
7969 shares
CY2021 bfi Warrants Exercisable Period
WarrantsExercisablePeriod
P30D
CY2021 bfi Sale Of Stock Number Of Shares Issued In Transaction1
SaleOfStockNumberOfSharesIssuedInTransaction1
750000 shares
CY2021 bfi Sale Of Stock Number Of Common Shares Included In Purchase Of Units
SaleOfStockNumberOfCommonSharesIncludedInPurchaseOfUnits
1 shares
CY2021 bfi Sale Of Stock Number Of Warrant Included In Purchase Of Units
SaleOfStockNumberOfWarrantIncludedInPurchaseOfUnits
1 shares
CY2021Q4 us-gaap Sale Of Stock Price Per Share
SaleOfStockPricePerShare
10.00
CY2021 bfi Option Grants To Holders Demand And Piggyback Rights Periods Two
OptionGrantsToHoldersDemandAndPiggybackRightsPeriodsTwo
P7Y
CY2021 bfi Number Of Upo Units Exchanged
NumberOfUPOUnitsExchanged
675000 shares
CY2021 bfi Number Of Shares In Exchange For Upo Units
NumberOfSharesInExchangeForUPOUnits
283669 shares
CY2021 us-gaap Revenues
Revenues
68867000 USD
CY2021 us-gaap Profit Loss
ProfitLoss
-121494000 USD
CY2021Q4 us-gaap Share Price
SharePrice
5.67
CY2020Q4 us-gaap Share Price
SharePrice
13.69
us-gaap Number Of Operating Segments
NumberOfOperatingSegments
1 Segment
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
1 Segment
CY2021Q4 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
2 Segment
CY2021Q4 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
2 Segment
CY2021 bfi Capital Expenditures
CapitalExpenditures
10665000 USD
CY2021 us-gaap Depreciation And Amortization
DepreciationAndAmortization
10060000 USD
CY2021 us-gaap Pre Opening Costs
PreOpeningCosts
1905000 USD
CY2021 us-gaap Interest Expense
InterestExpense
1406000 USD
CY2021Q4 us-gaap Assets
Assets
317719000 USD
CY2020Q4 us-gaap Assets
Assets
289116000 USD

Files In Submission

Name View Source Status
0001723580-22-000013-index-headers.html Edgar Link pending
0001723580-22-000013-index.html Edgar Link pending
0001723580-22-000013.txt Edgar Link pending
0001723580-22-000013-xbrl.zip Edgar Link pending
bdoconsentbfiform10-k.htm Edgar Link pending
bfi-20201231x10kex3121.htm Edgar Link pending
bfi-20211231.htm Edgar Link pending
bfi-20211231.xsd Edgar Link pending
bfi-20211231x10kex311.htm Edgar Link pending
bfi-20211231x10kex321.htm Edgar Link pending
bfi-20211231x10kex322.htm Edgar Link pending
bfi-20211231_cal.xml Edgar Link unprocessable
bfi-20211231_def.xml Edgar Link unprocessable
bfi-20211231_htm.xml Edgar Link completed
bfi-20211231_lab.xml Edgar Link unprocessable
bfi-20211231_pre.xml Edgar Link unprocessable
c01burgerfispecimencommo.htm Edgar Link pending
c01burgerfispecimencommo001.jpg Edgar Link pending
c01burgerfispecimencommo002.jpg Edgar Link pending
c02burgerfispecimenwarra.htm Edgar Link pending
c02burgerfispecimenwarra001.jpg Edgar Link pending
c02burgerfispecimenwarra002.jpg Edgar Link pending
descriptionofoursecurities.htm Edgar Link pending
ex-211.htm Edgar Link pending
exhibit1024.htm Edgar Link pending
exhibit31updatedfromhk.htm Edgar Link pending
exhibit31updatedfromhk001.jpg Edgar Link pending
exhibit31updatedfromhk002.jpg Edgar Link pending
exhibit31updatedfromhk003.jpg Edgar Link pending
exhibit31updatedfromhk004.jpg Edgar Link pending
exhibit31updatedfromhk005.jpg Edgar Link pending
exhibit31updatedfromhk006.jpg Edgar Link pending
exhibit31updatedfromhk007.jpg Edgar Link pending
exhibit31updatedfromhk008.jpg Edgar Link pending
exhibit31updatedfromhk009.jpg Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xlsx Edgar Link pending
i06burgerfiindependentco.htm Edgar Link pending
i06burgerfiindependentco001.jpg Edgar Link pending
i06burgerfiindependentco002.jpg Edgar Link pending
i06burgerfiindependentco003.jpg Edgar Link pending
i06burgerfiindependentco004.jpg Edgar Link pending
i06burgerfiindependentco005.jpg Edgar Link pending
i06burgerfiindependentco006.jpg Edgar Link pending
i06burgerfiindependentco007.jpg Edgar Link pending
i06burgerfiindependentco008.jpg Edgar Link pending
MetaLinks.json Edgar Link pending
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R15.htm Edgar Link pending
R16.htm Edgar Link pending
R17.htm Edgar Link pending
R18.htm Edgar Link pending
R19.htm Edgar Link pending
R2.htm Edgar Link pending
R20.htm Edgar Link pending
R21.htm Edgar Link pending
R22.htm Edgar Link pending
R23.htm Edgar Link pending
R24.htm Edgar Link pending
R25.htm Edgar Link pending
R26.htm Edgar Link pending
R27.htm Edgar Link pending
R28.htm Edgar Link pending
R29.htm Edgar Link pending
R3.htm Edgar Link pending
R30.htm Edgar Link pending
R31.htm Edgar Link pending
R32.htm Edgar Link pending
R33.htm Edgar Link pending
R34.htm Edgar Link pending
R35.htm Edgar Link pending
R36.htm Edgar Link pending
R37.htm Edgar Link pending
R38.htm Edgar Link pending
R39.htm Edgar Link pending
R4.htm Edgar Link pending
R40.htm Edgar Link pending
R41.htm Edgar Link pending
R42.htm Edgar Link pending
R43.htm Edgar Link pending
R44.htm Edgar Link pending
R45.htm Edgar Link pending
R46.htm Edgar Link pending
R47.htm Edgar Link pending
R48.htm Edgar Link pending
R49.htm Edgar Link pending
R5.htm Edgar Link pending
R50.htm Edgar Link pending
R51.htm Edgar Link pending
R52.htm Edgar Link pending
R53.htm Edgar Link pending
R54.htm Edgar Link pending
R55.htm Edgar Link pending
R56.htm Edgar Link pending
R57.htm Edgar Link pending
R58.htm Edgar Link pending
R59.htm Edgar Link pending
R6.htm Edgar Link pending
R60.htm Edgar Link pending
R61.htm Edgar Link pending
R62.htm Edgar Link pending
R63.htm Edgar Link pending
R64.htm Edgar Link pending
R65.htm Edgar Link pending
R66.htm Edgar Link pending
R67.htm Edgar Link pending
R68.htm Edgar Link pending
R69.htm Edgar Link pending
R7.htm Edgar Link pending
R70.htm Edgar Link pending
R71.htm Edgar Link pending
R72.htm Edgar Link pending
R73.htm Edgar Link pending
R74.htm Edgar Link pending
R75.htm Edgar Link pending
R76.htm Edgar Link pending
R77.htm Edgar Link pending
R78.htm Edgar Link pending
R79.htm Edgar Link pending
R8.htm Edgar Link pending
R80.htm Edgar Link pending
R81.htm Edgar Link pending
R9.htm Edgar Link pending
regions-anthonysxeleventha.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending