2024 Q2 Form 10-Q Financial Statement

#000172358024000025 Filed on May 16, 2024

View on sec.gov

Income Statement

Concept 2024 Q2 2024 Q1 2023 Q2
Revenue $42.88M $41.47M $45.73M
YoY Change -6.23% -8.33% 0.94%
Cost Of Revenue $25.05M $23.25M $24.83M
YoY Change 0.91% -6.78% -0.39%
Gross Profit $17.83M $18.21M $20.90M
YoY Change -14.7% -10.24% 2.58%
Gross Profit Margin 41.58% 43.93% 45.7%
Selling, General & Admin $11.41M $10.83M $16.18M
YoY Change -29.5% -15.2% 21.35%
% of Gross Profit 63.98% 59.43% 77.41%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $3.044M $3.360M $3.227M
YoY Change -5.67% -9.46% 24.12%
% of Gross Profit 17.08% 18.45% 15.44%
Operating Expenses $21.58M $21.66M $26.86M
YoY Change -19.67% -12.23% 5.41%
Operating Profit -$4.208M -$3.444M -$7.000M
YoY Change -39.89% -21.46% -88.39%
Interest Expense $2.477M -$2.320M $2.078M
YoY Change 19.2% 10.69% -7.48%
% of Operating Profit
Other Income/Expense, Net $3.000K $179.0K $0.00
YoY Change -62.47% -100.0%
Pretax Income -$6.538M -$10.67M -$9.151M
YoY Change -28.55% -58.68% -84.93%
Income Tax $0.00 -$67.00K $0.00
% Of Pretax Income
Net Earnings -$6.538M -$10.60M -$9.151M
YoY Change -28.55% -59.49% -84.84%
Net Earnings / Revenue -15.25% -25.56% -20.01%
Basic Earnings Per Share -$0.24 -$0.39
Diluted Earnings Per Share -$0.24 -$0.39 -$0.39
COMMON SHARES
Basic Shares Outstanding 27.04M shares 23.57M shares
Diluted Shares Outstanding 27.02M shares 23.57M shares

Balance Sheet

Concept 2024 Q2 2024 Q1 2023 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $4.147M $7.556M $9.026M
YoY Change -54.05% -36.59% -42.68%
Cash & Equivalents $4.147M $7.556M $9.026M
Short-Term Investments
Other Short-Term Assets $3.152M $2.386M $4.577M
YoY Change -31.13% -30.96% 99.26%
Inventory $1.305M $1.190M $1.450M
Prepaid Expenses $2.200M $1.300M $1.500M
Receivables $1.355M $1.368M $1.971M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $9.959M $12.50M $17.02M
YoY Change -41.5% -32.28% -20.87%
LONG-TERM ASSETS
Property, Plant & Equipment $60.85M $62.17M $64.25M
YoY Change -5.3% -5.0% -16.63%
Goodwill $31.62M $31.62M $31.62M
YoY Change 0.0% 0.0% -26.5%
Intangibles $148.8M $150.9M $157.3M
YoY Change -5.43% -5.84% -4.34%
Long-Term Investments
YoY Change
Other Assets $1.391M $1.326M $990.0K
YoY Change 40.51% 27.01% 33.42%
Total Long-Term Assets $242.6M $246.0M $254.2M
YoY Change -4.54% -4.78% -10.91%
TOTAL ASSETS
Total Short-Term Assets $9.959M $12.50M $17.02M
Total Long-Term Assets $242.6M $246.0M $254.2M
Total Assets $252.6M $258.5M $271.2M
YoY Change -6.86% -6.61% -11.6%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $5.128M $7.093M $8.797M
YoY Change -41.71% -16.2% -12.51%
Accrued Expenses $11.23M $8.537M $8.698M
YoY Change 29.06% -58.38% 6.35%
Deferred Revenue $19.00K
YoY Change -77.38%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $53.06M $52.83M $3.490M
YoY Change 1420.46% 959.86% -0.14%
Total Short-Term Liabilities $82.60M $82.69M $36.70M
YoY Change 125.04% 105.69% -4.24%
LONG-TERM LIABILITIES
Long-Term Debt $16.75M $1.718M $50.52M
YoY Change -66.85% -96.81% -22.19%
Other Long-Term Liabilities $694.0K $740.0K $1.325M
YoY Change -47.62% -98.55% -55.19%
Total Long-Term Liabilities $694.0K $740.0K $1.325M
YoY Change -47.62% -99.3% -55.19%
TOTAL LIABILITIES
Total Short-Term Liabilities $82.60M $82.69M $36.70M
Total Long-Term Liabilities $694.0K $740.0K $1.325M
Total Liabilities $200.5M $201.2M $196.8M
YoY Change 1.91% 37.44% -1.77%
SHAREHOLDERS EQUITY
Retained Earnings -$264.4M -$257.9M -$236.3M
YoY Change 11.89% 13.52% 19.55%
Common Stock $316.0M $315.1M $310.8M
YoY Change 1.68% 2.94% 2.16%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $51.59M $57.25M $74.47M
YoY Change
Total Liabilities & Shareholders Equity $252.6M $258.5M $271.2M
YoY Change -6.86% -6.61% -11.6%

Cashflow Statement

Concept 2024 Q2 2024 Q1 2023 Q2
OPERATING ACTIVITIES
Net Income -$6.538M -$10.60M -$9.151M
YoY Change -28.55% -59.49% -84.84%
Depreciation, Depletion And Amortization $3.044M $3.360M $3.227M
YoY Change -5.67% -9.46% 24.12%
Cash From Operating Activities -$2.916M -$2.219M -$1.961M
YoY Change 48.7% 461.77% -196.74%
INVESTING ACTIVITIES
Capital Expenditures $837.0K $1.078M $802.0K
YoY Change 4.36% -9.18% -320.94%
Acquisitions
YoY Change
Other Investing Activities -$3.000K $0.00 $0.00
YoY Change -100.0% -100.0%
Cash From Investing Activities -$834.0K -$1.078M -$802.0K
YoY Change 3.99% -4.35% -221.15%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities $341.0K 1.107M -$128.0K
YoY Change -366.41% -257.69% -51.7%
NET CHANGE
Cash From Operating Activities -$2.916M -2.219M -$1.961M
Cash From Investing Activities -$834.0K -1.078M -$802.0K
Cash From Financing Activities $341.0K 1.107M -$128.0K
Net Change In Cash -$3.409M -2.190M -$2.891M
YoY Change 17.92% -1.53% -219.27%
FREE CASH FLOW
Cash From Operating Activities -$2.916M -$2.219M -$1.961M
Capital Expenditures $837.0K $1.078M $802.0K
Free Cash Flow -$3.753M -$3.297M -$2.763M
YoY Change 35.83% 108.41% -215.61%

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CY2024Q2 us-gaap Noncontrolling Interest Increase From Subsidiary Equity Issuance
NoncontrollingInterestIncreaseFromSubsidiaryEquityIssuance
500000 usd
CY2024Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
954000 usd
CY2024Q2 us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
72000 usd
CY2024Q2 us-gaap Net Income Loss
NetIncomeLoss
-6538000 usd
CY2024Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
52094000 usd
CY2024Q2 us-gaap Profit Loss
ProfitLoss
-6538000 usd
CY2023Q2 us-gaap Profit Loss
ProfitLoss
-9151000 usd
CY2024Q2 us-gaap Gain Loss On Termination Of Lease
GainLossOnTerminationOfLease
56000 usd
CY2023Q2 us-gaap Gain Loss On Termination Of Lease
GainLossOnTerminationOfLease
0 usd
CY2024Q2 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
3044000 usd
CY2023Q2 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
3227000 usd
CY2024Q2 us-gaap Share Based Compensation
ShareBasedCompensation
954000 usd
CY2023Q2 us-gaap Share Based Compensation
ShareBasedCompensation
4674000 usd
CY2024Q2 us-gaap Gain Loss Related To Litigation Settlement
GainLossRelatedToLitigationSettlement
0 usd
CY2023Q2 us-gaap Gain Loss Related To Litigation Settlement
GainLossRelatedToLitigationSettlement
-131000 usd
CY2024Q2 bfi Contract With Customer Gift Card Liability Other Income Expense
ContractWithCustomerGiftCardLiabilityOtherIncomeExpense
425000 usd
CY2023Q2 bfi Contract With Customer Gift Card Liability Other Income Expense
ContractWithCustomerGiftCardLiabilityOtherIncomeExpense
201000 usd
CY2024Q2 bfi Forfeited Franchise Deposits
ForfeitedFranchiseDeposits
56000 usd
CY2023Q2 bfi Forfeited Franchise Deposits
ForfeitedFranchiseDeposits
41000 usd
CY2024Q2 bfi Operating Lease Non Cash Lease Costs And Adjustments
OperatingLeaseNonCashLeaseCostsAndAdjustments
-163000 usd
CY2023Q2 bfi Operating Lease Non Cash Lease Costs And Adjustments
OperatingLeaseNonCashLeaseCostsAndAdjustments
123000 usd
CY2024Q2 us-gaap Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
-144000 usd
CY2023Q2 us-gaap Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
73000 usd
CY2024Q2 bfi Increase Decrease In Other Non Cash Interest
IncreaseDecreaseInOtherNonCashInterest
1283000 usd
CY2023Q2 bfi Increase Decrease In Other Non Cash Interest
IncreaseDecreaseInOtherNonCashInterest
1167000 usd
CY2024Q2 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
0 usd
CY2023Q2 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-20000 usd
CY2024Q2 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-13000 usd
CY2023Q2 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
34000 usd
CY2024Q2 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
115000 usd
CY2023Q2 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
108000 usd
CY2024Q2 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
831000 usd
CY2023Q2 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
180000 usd
CY2024Q2 us-gaap Increase Decrease In Accounts Payable Trade
IncreaseDecreaseInAccountsPayableTrade
-1839000 usd
CY2023Q2 us-gaap Increase Decrease In Accounts Payable Trade
IncreaseDecreaseInAccountsPayableTrade
426000 usd
CY2024Q2 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
1947000 usd
CY2023Q2 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
-2176000 usd
CY2024Q2 us-gaap Increase Decrease In Other Noncurrent Liabilities
IncreaseDecreaseInOtherNoncurrentLiabilities
10000 usd
CY2023Q2 us-gaap Increase Decrease In Other Noncurrent Liabilities
IncreaseDecreaseInOtherNoncurrentLiabilities
89000 usd
CY2024Q2 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-2916000 usd
CY2023Q2 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-1961000 usd
CY2024Q2 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
837000 usd
CY2023Q2 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
802000 usd
CY2024Q2 us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
-3000 usd
CY2023Q2 us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
0 usd
CY2024Q2 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-834000 usd
CY2023Q2 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-802000 usd
CY2024Q2 us-gaap Proceeds From Minority Shareholders
ProceedsFromMinorityShareholders
500000 usd
CY2023Q2 us-gaap Proceeds From Minority Shareholders
ProceedsFromMinorityShareholders
0 usd
CY2024Q2 us-gaap Repayments Of Debt
RepaymentsOfDebt
21000 usd
CY2023Q2 us-gaap Repayments Of Debt
RepaymentsOfDebt
4836000 usd
CY2024Q2 us-gaap Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
0 usd
CY2023Q2 us-gaap Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
5100000 usd
CY2024Q2 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
72000 usd
CY2023Q2 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
353000 usd
CY2024Q2 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
66000 usd
CY2023Q2 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
39000 usd
CY2024Q2 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
341000 usd
CY2023Q2 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-128000 usd
CY2024Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-3409000 usd
CY2023Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-2891000 usd
CY2024Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
4147000 usd
CY2023Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
9026000 usd
CY2024Q2 us-gaap Interest Paid Net
InterestPaidNet
1296000 usd
CY2023Q2 us-gaap Interest Paid Net
InterestPaidNet
1562000 usd
CY2024Q2 us-gaap Liabilities Assumed1
LiabilitiesAssumed1
0 usd
CY2023Q2 us-gaap Liabilities Assumed1
LiabilitiesAssumed1
79000 usd
CY2024Q2 us-gaap Stock Issued1
StockIssued1
0 usd
CY2023Q2 us-gaap Stock Issued1
StockIssued1
351000 usd
CY2024Q2 us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
738000 usd
CY2023Q2 us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
0 usd
CY2024Q2 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
0 usd
CY2023Q2 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
1433000 usd
CY2024Q2 us-gaap Number Of Stores
NumberOfStores
162 store
CY2024Q2 bfi Number Of Brands
NumberOfBrands
2 brand
CY2024Q2 us-gaap Number Of Stores
NumberOfStores
162 store
CY2024Q1 us-gaap Number Of Stores
NumberOfStores
168 store
CY2024Q2 bfi Number Of International Stores
NumberOfInternationalStores
1 store
CY2024Q1 bfi Number Of International Stores
NumberOfInternationalStores
1 store
CY2024Q2 us-gaap Fiscal Period
FiscalPeriod
52-53-week fiscal year ending on the Monday nearest to December 31 of each year. Our first fiscal quarter of 2024 ended on April 1, 2024. Our current fiscal year will end on December 30, 2024.
CY2023Q2 us-gaap Depreciation
Depreciation
1100000 usd
CY2024Q2 us-gaap Use Of Estimates
UseOfEstimates
<div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Use of Estimates </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 preparation of financial statements in conformity with 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 consolidated financial statements and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates.</span></div>
CY2024Q2 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
2200000 usd
CY2024Q1 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
1300000 usd
CY2024Q2 bfi Contract With Customer Gift Card Liability
ContractWithCustomerGiftCardLiability
1200000 usd
CY2024Q1 bfi Contract With Customer Gift Card Liability
ContractWithCustomerGiftCardLiability
2200000 usd
CY2024Q2 bfi Contract With Customer Customer Loyalty Program Liability Current
ContractWithCustomerCustomerLoyaltyProgramLiabilityCurrent
800000 usd
CY2024Q1 bfi Contract With Customer Customer Loyalty Program Liability Current
ContractWithCustomerCustomerLoyaltyProgramLiabilityCurrent
1000000.0 usd
CY2024Q2 us-gaap Restructuring Costs
RestructuringCosts
79000 usd
CY2023Q2 us-gaap Restructuring Costs
RestructuringCosts
918000 usd
CY2024Q2 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
31764000 usd
CY2024Q1 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
30659000 usd
CY2024Q2 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAccumulatedDepreciationAndAmortization
15178000 usd
CY2024Q1 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAccumulatedDepreciationAndAmortization
14538000 usd
CY2024Q2 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset After Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization
16586000 usd
CY2024Q1 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset After Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization
16121000 usd
CY2024Q2 us-gaap Depreciation
Depreciation
1000000.0 usd
CY2024Q2 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
177580000 usd
CY2024Q2 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
26901000 usd
CY2024Q2 bfi Finite Lived Intangible Assets Accumulated Impairment Charges
FiniteLivedIntangibleAssetsAccumulatedImpairmentCharges
7706000 usd
CY2024Q2 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
142973000 usd
CY2024Q2 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
183510000 usd
CY2024Q2 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
26901000 usd
CY2024Q2 bfi Intangible Assets Accumulated Impairment Charges
IntangibleAssetsAccumulatedImpairmentCharges
7818000 usd
CY2024Q2 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
148791000 usd
CY2024Q1 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
177580000 usd
CY2024Q1 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
24836000 usd
CY2024Q1 bfi Finite Lived Intangible Assets Accumulated Impairment Charges
FiniteLivedIntangibleAssetsAccumulatedImpairmentCharges
7706000 usd
CY2024Q1 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
145038000 usd
CY2024Q1 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
183510000 usd
CY2024Q1 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
24836000 usd
CY2024Q1 bfi Intangible Assets Accumulated Impairment Charges
IntangibleAssetsAccumulatedImpairmentCharges
7818000 usd
CY2024Q1 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
150856000 usd
CY2024Q1 us-gaap Goodwill Gross
GoodwillGross
204665000 usd
CY2024Q1 us-gaap Goodwill Impaired Accumulated Impairment Loss
GoodwillImpairedAccumulatedImpairmentLoss
173045000 usd
CY2024Q1 us-gaap Goodwill
Goodwill
31621000 usd
CY2024Q2 us-gaap Goodwill Gross
GoodwillGross
204665000 usd
CY2024Q2 us-gaap Goodwill Impaired Accumulated Impairment Loss
GoodwillImpairedAccumulatedImpairmentLoss
173045000 usd
CY2024Q2 us-gaap Goodwill
Goodwill
31621000 usd
CY2024Q2 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
2100000 usd
CY2023Q2 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
2100000 usd
CY2024Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.24
CY2023Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.39
CY2023Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.39
CY2024Q1 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
745000 usd
CY2023Q1 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
1092000 usd
CY2024Q2 bfi Contract With Customer Liability Initial Franchise Fees Received
ContractWithCustomerLiabilityInitialFranchiseFeesReceived
0 usd
CY2023Q2 bfi Contract With Customer Liability Initial Franchise Fees Received
ContractWithCustomerLiabilityInitialFranchiseFeesReceived
156000 usd
CY2024Q2 bfi Contract With Customer Liability Revenue Recognized For Stores Opened During Period
ContractWithCustomerLiabilityRevenueRecognizedForStoresOpenedDuringPeriod
4000 usd
CY2023Q2 bfi Contract With Customer Liability Revenue Recognized For Stores Opened During Period
ContractWithCustomerLiabilityRevenueRecognizedForStoresOpenedDuringPeriod
68000 usd
CY2024Q2 bfi Contract With Customer Liability Revenue Recognized Related To Franchise Agreement Termination
ContractWithCustomerLiabilityRevenueRecognizedRelatedToFranchiseAgreementTermination
56000 usd
CY2023Q2 bfi Contract With Customer Liability Revenue Recognized Related To Franchise Agreement Termination
ContractWithCustomerLiabilityRevenueRecognizedRelatedToFranchiseAgreementTermination
41000 usd
CY2024Q2 bfi Contract With Customer Liability Other
ContractWithCustomerLiabilityOther
0 usd
CY2023Q2 bfi Contract With Customer Liability Other
ContractWithCustomerLiabilityOther
-24000 usd
CY2024Q2 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
685000 usd
CY2023Q2 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
1115000 usd
CY2024Q2 us-gaap Net Income Loss
NetIncomeLoss
-6538000 usd
CY2023Q2 us-gaap Net Income Loss
NetIncomeLoss
-9151000 usd
CY2024Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
27021716 shares
CY2024Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
27021716 shares
CY2023Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
23568032 shares
CY2023Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
23568032 shares
CY2024Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.24
CY2023Q2 bfi Stock Issued During Period Shares Private Placement
StockIssuedDuringPeriodSharesPrivatePlacement
2868853 shares
CY2023Q2 bfi Shares Issued During Period Private Placement Issuance Price
SharesIssuedDuringPeriodPrivatePlacementIssuancePrice
1.22
CY2023Q2 bfi Shares Issued During Period Value Private Placement
SharesIssuedDuringPeriodValuePrivatePlacement
3400000 usd
CY2023Q2 bfi Outstanding Common Stock Held By Investor Percentage
OutstandingCommonStockHeldByInvestorPercentage
0.11
CY2024Q2 us-gaap Purchase Obligation Due In Next Twelve Months
PurchaseObligationDueInNextTwelveMonths
5700000 usd
CY2024Q2 us-gaap Operating Lease Impairment Loss
OperatingLeaseImpairmentLoss
-56000 usd
CY2023Q2 us-gaap Operating Lease Impairment Loss
OperatingLeaseImpairmentLoss
0 usd
CY2024Q2 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
88000 usd
CY2023Q2 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
58000 usd
CY2024Q2 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
45000 usd
CY2023Q2 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
14000 usd
CY2024Q2 us-gaap Sublease Income
SubleaseIncome
71000 usd
CY2023Q2 us-gaap Sublease Income
SubleaseIncome
47000 usd
CY2024Q2 us-gaap Lease Cost
LeaseCost
3469000 usd
CY2023Q2 us-gaap Lease Cost
LeaseCost
3132000 usd
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
10394000 usd
CY2024Q2 us-gaap Finance Lease Liability Payments Due Next Twelve Months
FinanceLeaseLiabilityPaymentsDueNextTwelveMonths
410000 usd
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
13331000 usd
CY2024Q2 us-gaap Finance Lease Liability Payments Due Year Two
FinanceLeaseLiabilityPaymentsDueYearTwo
533000 usd
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
11672000 usd
CY2024Q2 us-gaap Finance Lease Liability Payments Due Year Three
FinanceLeaseLiabilityPaymentsDueYearThree
504000 usd
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
10033000 usd
CY2024Q2 us-gaap Finance Lease Liability Payments Due Year Four
FinanceLeaseLiabilityPaymentsDueYearFour
472000 usd
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
8397000 usd
CY2024Q2 us-gaap Finance Lease Liability Payments Due Year Five
FinanceLeaseLiabilityPaymentsDueYearFive
448000 usd
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
10125000 usd
CY2024Q2 us-gaap Finance Lease Liability Payments Due After Year Five
FinanceLeaseLiabilityPaymentsDueAfterYearFive
561000 usd
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
63952000 usd
CY2024Q2 us-gaap Finance Lease Liability Payments Due
FinanceLeaseLiabilityPaymentsDue
2928000 usd
CY2024Q2 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
11168000 usd
CY2024Q2 us-gaap Finance Lease Liability Undiscounted Excess Amount
FinanceLeaseLiabilityUndiscountedExcessAmount
736000 usd
CY2024Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
52784000 usd
CY2024Q2 us-gaap Finance Lease Liability
FinanceLeaseLiability
2192000 usd
CY2024Q2 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P5Y3M18D
CY2023Q2 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P5Y10M24D
CY2024Q2 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P5Y10M24D
CY2023Q2 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P6Y1M6D
CY2024Q2 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.076
CY2023Q2 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.063
CY2024Q2 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.105
CY2023Q2 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.060
CY2024Q2 us-gaap Finance Lease Liability
FinanceLeaseLiability
2192000 usd
CY2024Q1 us-gaap Finance Lease Liability
FinanceLeaseLiability
1576000 usd
CY2024Q2 bfi Long Term Debt And Lease Obligations
LongTermDebtAndLeaseObligations
71225000 usd
CY2024Q1 bfi Long Term Debt And Lease Obligations
LongTermDebtAndLeaseObligations
70630000 usd
CY2024Q2 us-gaap Debt Instrument Unamortized Discount
DebtInstrumentUnamortizedDiscount
574000 usd
CY2024Q1 us-gaap Debt Instrument Unamortized Discount
DebtInstrumentUnamortizedDiscount
612000 usd
CY2024Q2 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
838000 usd
CY2024Q1 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
978000 usd
CY2024Q2 us-gaap Debt And Capital Lease Obligations
DebtAndCapitalLeaseObligations
69813000 usd
CY2024Q1 us-gaap Debt And Capital Lease Obligations
DebtAndCapitalLeaseObligations
69040000 usd
CY2024Q2 us-gaap Long Term Debt And Capital Lease Obligations Current
LongTermDebtAndCapitalLeaseObligationsCurrent
53064000 usd
CY2024Q1 us-gaap Long Term Debt And Capital Lease Obligations Current
LongTermDebtAndCapitalLeaseObligationsCurrent
52834000 usd
CY2024Q2 us-gaap Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
16749000 usd
CY2024Q1 us-gaap Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
16206000 usd
CY2024Q2 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
139000 usd
CY2023Q2 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
106000 usd
CY2024Q2 us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
38000 usd
CY2023Q2 us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
39000 usd
CY2024Q2 us-gaap Other Noncash Expense
OtherNoncashExpense
1106000 usd
CY2023Q2 us-gaap Other Noncash Expense
OtherNoncashExpense
1022000 usd
CY2024Q2 bfi Interest Expense Income Other
InterestExpenseIncomeOther
22000 usd
CY2023Q2 bfi Interest Expense Income Other
InterestExpenseIncomeOther
-140000 usd
CY2024Q2 us-gaap Interest Expense
InterestExpense
2477000 usd
CY2023Q2 us-gaap Interest Expense
InterestExpense
2078000 usd
CY2023Q2 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0
CY2024Q2 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0
CY2024Q2 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
100000000 shares
CY2024Q2 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.0001
CY2024Q2 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
27042213 shares
CY2024Q1 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
26832691 shares
CY2024Q2 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
10000000 shares
CY2024Q2 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.0001
CY2024Q2 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
2120000 shares
CY2024Q1 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
2120000 shares
CY2023Q1 us-gaap Preferred Stock Dividend Rate Percentage
PreferredStockDividendRatePercentage
0.100
CY2023Q1 bfi Preferred Stock Default Rate
PreferredStockDefaultRate
0.020
CY2023Q1 bfi Preferred Stock Default Rate Increase
PreferredStockDefaultRateIncrease
0.0035
CY2024Q2 us-gaap Noncontrolling Interest Increase From Subsidiary Equity Issuance
NoncontrollingInterestIncreaseFromSubsidiaryEquityIssuance
500000 usd
CY2024Q2 us-gaap Class Of Warrant Or Right Outstanding
ClassOfWarrantOrRightOutstanding
15063800 shares
CY2024Q2 us-gaap Class Of Warrant Or Right Number Of Securities Called By Each Warrant Or Right
ClassOfWarrantOrRightNumberOfSecuritiesCalledByEachWarrantOrRight
1 shares
CY2024Q2 us-gaap Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1
ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1
11.50
CY2024Q2 us-gaap Warrants And Rights Outstanding
WarrantsAndRightsOutstanding
40000.00 usd
CY2024Q1 us-gaap Warrants And Rights Outstanding
WarrantsAndRightsOutstanding
200000 usd
CY2024Q2 us-gaap Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
-100000 usd
CY2023Q2 us-gaap Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
100000 usd
CY2024Q1 us-gaap Warrants And Rights Outstanding
WarrantsAndRightsOutstanding
182000 usd
CY2024Q2 us-gaap Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
-144000 usd
CY2024Q2 us-gaap Warrants And Rights Outstanding
WarrantsAndRightsOutstanding
38000 usd
CY2024Q2 us-gaap Share Based Compensation
ShareBasedCompensation
1000000.0 usd
CY2023Q2 us-gaap Share Based Compensation
ShareBasedCompensation
4700000 usd
CY2024Q2 us-gaap Warrants And Rights Outstanding
WarrantsAndRightsOutstanding
38000 usd
CY2024Q1 us-gaap Warrants And Rights Outstanding
WarrantsAndRightsOutstanding
182000 usd
CY2024Q2 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
2 segment
CY2024Q2 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
2 segment

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