2012 Form 10-K Financial Statement

#000082532412000023 Filed on December 28, 2012

View on sec.gov

Income Statement

Concept 2012 2011 Q3 2011
Revenue $19.71M $5.400M $20.60M
YoY Change -4.35% -6.25% -1.42%
Cost Of Revenue $15.00M $5.010M $16.10M
YoY Change -6.83% -4.75% -2.42%
Gross Profit $4.700M $390.0K $4.500M
YoY Change 4.44% -22.0% 2.27%
Gross Profit Margin 23.85% 7.22% 21.84%
Selling, General & Admin $5.200M $510.0K $5.300M
YoY Change -1.89% -28.17% -13.11%
% of Gross Profit 110.64% 130.77% 117.78%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $800.0K $280.0K $92.00K
YoY Change 769.57% 27.27% -90.21%
% of Gross Profit 17.02% 71.79% 2.04%
Operating Expenses $5.300M $520.0K $5.400M
YoY Change -1.85% -26.76% -11.48%
Operating Profit -$474.0K -$130.0K -$665.0K
YoY Change -28.72% -38.1% -60.88%
Interest Expense $203.0K -$50.00K $280.0K
YoY Change -27.5% -68.75% -146.67%
% of Operating Profit
Other Income/Expense, Net -$194.0K -$230.0K
YoY Change -15.65%
Pretax Income -$700.0K -$160.0K -$900.0K
YoY Change -22.22% -69.23% -64.0%
Income Tax $0.00 $0.00
% Of Pretax Income
Net Earnings -$777.0K -$200.0K -$1.013M
YoY Change -23.3% -62.26% -65.07%
Net Earnings / Revenue -3.94% -3.7% -4.92%
Basic Earnings Per Share
Diluted Earnings Per Share -$296.3K -$73.53K -$416.7K
COMMON SHARES
Basic Shares Outstanding
Diluted Shares Outstanding

Balance Sheet

Concept 2012 2011 Q3 2011
SHORT-TERM ASSETS
Cash & Short-Term Investments $620.0K $800.0K $850.0K
YoY Change -27.06% 100.0% 97.67%
Cash & Equivalents $620.0K $847.0K $850.0K
Short-Term Investments
Other Short-Term Assets $1.430M $0.00 $50.00K
YoY Change 2760.0% 25.0%
Inventory $160.0K $191.0K $190.0K
Prepaid Expenses
Receivables $150.0K $100.0K $110.0K
Other Receivables $1.500M $0.00 $0.00
Total Short-Term Assets $3.860M $1.196M $1.200M
YoY Change 221.67% 49.5% 44.58%
LONG-TERM ASSETS
Property, Plant & Equipment $3.080M $5.722M $5.720M
YoY Change -46.15% 16.78% 17.21%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $0.00
YoY Change
Other Assets $110.0K $81.00K $70.00K
YoY Change 57.14% -96.88% -97.31%
Total Long-Term Assets $3.200M $5.803M $5.800M
YoY Change -44.83% -22.63% -22.56%
TOTAL ASSETS
Total Short-Term Assets $3.860M $1.196M $1.200M
Total Long-Term Assets $3.200M $5.803M $5.800M
Total Assets $7.060M $6.999M $7.000M
YoY Change 0.86% -15.67% -15.87%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $490.0K $496.0K $500.0K
YoY Change -2.0% -29.14% -30.56%
Accrued Expenses $860.0K $900.0K $890.0K
YoY Change -3.37% -25.0% -24.58%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $1.590M $195.0K $200.0K
YoY Change 695.0% -72.14% -71.43%
Total Short-Term Liabilities $3.010M $1.684M $1.680M
YoY Change 79.17% -37.63% -37.78%
LONG-TERM LIABILITIES
Long-Term Debt $140.0K $2.067M $2.070M
YoY Change -93.24% -31.1% -31.23%
Other Long-Term Liabilities $650.0K $700.0K $730.0K
YoY Change -10.96% -22.22% -20.65%
Total Long-Term Liabilities $790.0K $2.795M $2.800M
YoY Change -71.79% -28.33% -28.75%
TOTAL LIABILITIES
Total Short-Term Liabilities $3.010M $1.684M $1.680M
Total Long-Term Liabilities $790.0K $2.795M $2.800M
Total Liabilities $4.000M $4.479M $4.690M
YoY Change -14.71% -35.09% -32.03%
SHAREHOLDERS EQUITY
Retained Earnings -$17.68M
YoY Change
Common Stock $3.000K
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $3.060M $2.305M $2.310M
YoY Change
Total Liabilities & Shareholders Equity $7.060M $6.999M $7.000M
YoY Change 0.86% -15.67% -15.87%

Cashflow Statement

Concept 2012 2011 Q3 2011
OPERATING ACTIVITIES
Net Income -$777.0K -$200.0K -$1.013M
YoY Change -23.3% -62.26% -65.07%
Depreciation, Depletion And Amortization $800.0K $280.0K $92.00K
YoY Change 769.57% 27.27% -90.21%
Cash From Operating Activities -$22.00K $100.0K -$539.0K
YoY Change -95.92% -433.33% -27.16%
INVESTING ACTIVITIES
Capital Expenditures $314.0K -$110.0K $189.0K
YoY Change 66.14% 1000.0% -415.0%
Acquisitions
YoY Change
Other Investing Activities $910.0K $0.00 $1.140M
YoY Change -20.18% 850.0%
Cash From Investing Activities $594.0K -$110.0K $954.0K
YoY Change -37.74% 1000.0% 1808.0%
FINANCING ACTIVITIES
Cash Dividend Paid $0.00
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net $650.0K $1.617M
YoY Change -59.8%
Cash From Financing Activities -$803.0K -110.0K 3.000K
YoY Change -26866.67% 120.0% -99.0%
NET CHANGE
Cash From Operating Activities -$22.00K 100.0K -539.0K
Cash From Investing Activities $594.0K -110.0K 954.0K
Cash From Financing Activities -$803.0K -110.0K 3.000K
Net Change In Cash -$231.0K -120.0K 418.0K
YoY Change -155.26% 33.33% -207.18%
FREE CASH FLOW
Cash From Operating Activities -$22.00K $100.0K -$539.0K
Capital Expenditures $314.0K -$110.0K $189.0K
Free Cash Flow -$336.0K $210.0K -$728.0K
YoY Change -53.85% -1150.0% 7.06%

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CY2011 us-gaap Proceeds From Payments To Minority Shareholders
ProceedsFromPaymentsToMinorityShareholders
-107000
CY2011 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
9000
CY2011 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
3000
CY2011 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
49000
CY2011 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-10000
CY2011 us-gaap Income Loss From Continuing Operations Attributable To Noncontrolling Entity
IncomeLossFromContinuingOperationsAttributableToNoncontrollingEntity
118000
CY2011 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.35 pure
CY2011 us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
-161000
CY2011 us-gaap Revenues
Revenues
20603000
CY2011 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
184000
CY2011 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
61000
CY2011 us-gaap Other Sales Revenue Net
OtherSalesRevenueNet
1000
CY2012 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-22000
CY2011 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
312000
CY2011 us-gaap Increase Decrease In Other Receivables
IncreaseDecreaseInOtherReceivables
-51000
CY2011 us-gaap Labor And Related Expense
LaborAndRelatedExpense
7043000
CY2011 us-gaap Income Tax Reconciliation Other Reconciling Items
IncomeTaxReconciliationOtherReconcilingItems
3000
CY2011 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
CY2011 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
-1013000
CY2011 us-gaap Interest Expense
InterestExpense
280000
CY2011 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
2440860 shares
CY2011 us-gaap Other Cost And Expense Operating
OtherCostAndExpenseOperating
952000
CY2011 us-gaap Net Income Loss
NetIncomeLoss
-1013000
CY2011 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-230000
CY2011 gtim Increase Decrease In Intangible Assets Deposits And Other
IncreaseDecreaseInIntangibleAssetsDepositsAndOther
43000
CY2011 gtim Income Tax Reconciliation Permanent Differences
IncomeTaxReconciliationPermanentDifferences
22000
CY2011 gtim Net Proceeds Expenses From Issuance Of Common Stock
NetProceedsExpensesFromIssuanceOfCommonStock
1727000
CY2011 gtim Number Of Restaurants Closed
NumberOfRestaurantsClosed
2 Restaurant
CY2012 dei Trading Symbol
TradingSymbol
GTIM
CY2012 dei Entity Registrant Name
EntityRegistrantName
GOOD TIMES RESTAURANTS INC
CY2012 dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
CY2012 dei Amendment Flag
AmendmentFlag
false
CY2012 dei Entity Filer Category
EntityFilerCategory
Smaller Reporting Company
CY2012 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
FY
CY2012 dei Entity Voluntary Filers
EntityVoluntaryFilers
No
CY2012 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2012
CY2012 dei Document Type
DocumentType
10-K
CY2012 dei Document Period End Date
DocumentPeriodEndDate
2012-09-30
CY2012 dei Entity Central Index Key
EntityCentralIndexKey
0000825324
CY2012 dei Entity Well Known Seasoned Issuer
EntityWellKnownSeasonedIssuer
No
CY2012 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--09-30
CY2012 us-gaap Costs And Expenses
CostsAndExpenses
18017000
CY2012 us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<div style="MARGIN-TOP: 0px; FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 10pt"> <p style="MARGIN-TOP: 6px; MARGIN-BOTTOM: 6px" align="justify"> <u>Reclassification</u> &#x2013; Certain prior year balances have been reclassified to conform to the current year&#x2019;s presentation. &#xA0;Such reclassifications had no effect on the net income or loss.</p> <p style="MARGIN-TOP: 6px; MARGIN-BOTTOM: 6px" align="justify"> During the years ended September 30, 2012 and 2011 the Company incurred expenses of $15,000 and income of $22,000, respectively, and has a remaining lease liability of $82,000 as of September 30, 2012, related to a restaurant that was closed prior to 2011 and was previously classified as discontinued operations. Due to the insignificance of the amounts, the Company has reclassified such amounts as other expense in operations and as other liabilities on the condensed consolidated balance sheet.</p> </div>
CY2012 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P5Y3M18D
CY2012 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
-23000
CY2012 us-gaap Operating Income Loss
OperatingIncomeLoss
-474000
CY2012 us-gaap Sales Revenue Goods Net
SalesRevenueGoodsNet
19274000
CY2012 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-11000
CY2012 us-gaap Occupancy Costs
OccupancyCosts
2999000
CY2012 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
650000
CY2012 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-15000
CY2012 us-gaap Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
-158000
CY2012 us-gaap Operating Leases Rent Expense Sublease Rentals1
OperatingLeasesRentExpenseSubleaseRentals1
405000
CY2012 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
87000
CY2012 us-gaap Sale Leaseback Transaction Net Proceeds
SaleLeasebackTransactionNetProceeds
1380000
CY2012 us-gaap Minority Interest Period Increase Decrease
MinorityInterestPeriodIncreaseDecrease
-12000
CY2012 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExpirationsInPeriodWeightedAverageExercisePrice
5.25
CY2012 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
-272000
CY2012 us-gaap Payments For Advance To Affiliate
PaymentsForAdvanceToAffiliate
16000
CY2012 us-gaap Share Based Compensation
ShareBasedCompensation
69000
CY2012 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
1.37
CY2012 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
1.34
CY2012 us-gaap Discontinued Operation Amount Of Other Income Loss From Disposition Of Discontinued Operation Net Of Tax
DiscontinuedOperationAmountOfOtherIncomeLossFromDispositionOfDiscontinuedOperationNetOfTax
-15000
CY2012 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
913000
CY2012 us-gaap Gain Loss On Derivative Instruments Net Pretax
GainLossOnDerivativeInstrumentsNetPretax
20000
CY2012 us-gaap Franchise Costs
FranchiseCosts
60000
CY2012 us-gaap Profit Loss
ProfitLoss
-668000
CY2012 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.29
CY2012 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
0 shares
CY2012 us-gaap Sale Of Stock Percentage Of Ownership After Transaction
SaleOfStockPercentageOfOwnershipAfterTransaction
0.51 pure
CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExpirationsInPeriod
19066 shares
CY2012 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<div style="MARGIN-TOP: 0px; FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 10pt"> <p style="MARGIN-TOP: 6px; MARGIN-BOTTOM: 6px" align="justify"> <u>Financial Instruments and Concentrations of Credit Risk</u> &#x2013; Credit risk represents the accounting loss that would be recognized at the reporting date if counterparties failed completely to perform as contracted. &#xA0;Concentrations of credit risk (whether on or off balance sheet) that arise from financial instruments exist for groups of customers or counterparties when they have similar economic characteristics that would cause their ability to meet contractual obligations to be similarly effected by changes in economic or other conditions. &#xA0;Financial instruments with off-balance-sheet risk to the Company include lease liabilities whereby the Company is contingently liable as a guarantor of certain leases that were assigned to third parties in connection with various sales of restaurants to franchisees (see Note 5).</p> <p style="MARGIN-TOP: 6px; MARGIN-BOTTOM: 6px" align="justify"> Financial instruments potentially subjecting the Company to concentrations of credit risk consist principally of receivables. &#xA0;At September 30, 2012 notes receivable totaled $20,000 and are due from two entities. &#xA0;The Company has a $1,500,000 current receivable related to the preferred stock sale that occurred on September 28, 2012. The full $1,500,000 was received on October 1, 2012. Additionally, the Company has other current receivables totaling $145,000, which includes $64,000 of franchise receivables and $63,000 for a receivable from the advertising cooperative fund, which are all due in the normal course of business.</p> <p style="MARGIN-TOP: 6px; MARGIN-BOTTOM: 6px" align="justify">The Company purchases 100% of its restaurant food and paper from one vendor. The Company believes a sufficient number of other suppliers exist from which food and paper could be purchased to prevent any long-term, adverse consequences.</p> <p style="MARGIN-TOP: 6px; MARGIN-BOTTOM: 6px" align="justify">The Company operates in one industry segment, restaurants. &#xA0;A geographic concentration exists because the Company&#x2019;s customers are generally located in the State of Colorado.</p> </div>
CY2012 us-gaap Depreciation And Amortization
DepreciationAndAmortization
795000
CY2012 us-gaap Food And Beverage Cost Of Sales
FoodAndBeverageCostOfSales
6592000
CY2012 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
CY2012 us-gaap Accretion Expense
AccretionExpense
38000
CY2012 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
594000
CY2012 us-gaap Investment Income Interest
InvestmentIncomeInterest
4000
CY2012 us-gaap Adjustments To Additional Paid In Capital Share Based Compensation Stock Options Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition
69000
CY2012 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
26000
CY2012 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
1 Segment
CY2012 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
1460000
CY2012 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
314000
CY2012 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
-231000
CY2012 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
1358000
CY2012 us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
765000
CY2012 us-gaap Gain Loss On Interest Rate Cash Flow Hedge Ineffectiveness
GainLossOnInterestRateCashFlowHedgeIneffectiveness
20000
CY2012 us-gaap Franchise Revenue
FranchiseRevenue
414000
CY2012 us-gaap Advertising Expense
AdvertisingExpense
796000
CY2012 us-gaap Proceeds From Payments To Minority Shareholders
ProceedsFromPaymentsToMinorityShareholders
-121000
CY2012 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
6000
CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
34000 shares
CY2012 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P1Y2M16D
CY2012 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-803000
CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
5667 shares
CY2012 us-gaap Revenue Recognition Services Franchise Fees
RevenueRecognitionServicesFranchiseFees
<div style="MARGIN-TOP: 0px; FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 10pt"> <p style="MARGIN-TOP: 6px; MARGIN-BOTTOM: 6px" align="justify"> <u>Franchise and Area Development Fees</u> &#x2013; Individual franchise fee revenue is deferred when received and is recognized as income when the Company has substantially performed all of its obligations under the franchise agreement and the franchisee has commenced operations. &#xA0;The Company&#x2019;s commitments and obligations pursuant to the franchise agreements consist of a) development assistance; including site selection, building specifications and equipment purchasing and b) operating assistance; including training of personnel and preparation and distribution of manuals and operating materials. &#xA0;All of these obligations are effectively complete upon the opening of the restaurant at which time the franchise fee and the portion of any development fee allocable to that restaurant is recognized. &#xA0;There are no additional material commitments or obligations.</p> <p style="MARGIN-TOP: 6px; MARGIN-BOTTOM: 6px" align="justify">The Company has not recognized any franchise fees that have not been collected. &#xA0;The Company segregates initial franchise fees from other franchise revenue in the statement of operations. &#xA0;Revenues and costs related to company-owned restaurants are segregated from revenues and costs related to franchised restaurants in the statement of operations.</p> <p style="MARGIN-TOP: 6px; MARGIN-BOTTOM: 6px" align="justify"> Continuing royalties from franchisees, which are a percentage of the gross sales of franchised operations, are recognized as income when earned. &#xA0;Franchise development expenses, which consist primarily of legal costs and restaurant opening expenses associated with developing and opening franchise restaurants, are expensed against the related franchise fee income.</p> </div>
CY2012 us-gaap Operating Leases Rent Expense Minimum Rentals
OperatingLeasesRentExpenseMinimumRentals
1993000
CY2012 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
-403000
CY2012 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-32000
CY2012 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
1588000
CY2012 us-gaap Income Loss From Continuing Operations Attributable To Noncontrolling Entity
IncomeLossFromContinuingOperationsAttributableToNoncontrollingEntity
109000
CY2012 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.35 pure
CY2012 us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
-40000
CY2012 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P6Y3M18D
CY2012 us-gaap Revenues
Revenues
19706000
CY2012 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
51000
CY2012 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
69000
CY2012 us-gaap Other Sales Revenue Net
OtherSalesRevenueNet
18000
CY2012 us-gaap Increase Decrease In Operating Capital
IncreaseDecreaseInOperatingCapital
847000
CY2012 us-gaap Interest Paid
InterestPaid
171000
CY2012 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
2726214 shares
CY2012 us-gaap Other Cost And Expense Operating
OtherCostAndExpenseOperating
940000
CY2012 us-gaap Net Income Loss
NetIncomeLoss
-777000
CY2012 us-gaap Assets Fair Value Adjustment
AssetsFairValueAdjustment
61000
CY2012 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-194000
CY2012 us-gaap Proceeds From Collection Of Advance To Affiliate
ProceedsFromCollectionOfAdvanceToAffiliate
11000
CY2012 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
680000
CY2012 us-gaap Increase Decrease In Other Receivables
IncreaseDecreaseInOtherReceivables
47000
CY2012 us-gaap Labor And Related Expense
LaborAndRelatedExpense
6691000
CY2012 us-gaap Income Tax Reconciliation Other Reconciling Items
IncomeTaxReconciliationOtherReconcilingItems
5000
CY2012 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
CY2012 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
-777000
CY2012 us-gaap Use Of Estimates
UseOfEstimates
<div style="MARGIN-TOP: 0px; FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 10pt"> <p style="MARGIN-TOP: 6px; MARGIN-BOTTOM: 6px" align="justify"> <u>Accounting Estimates</u> &#x2013; The preparation of consolidated financial statements in conformity with U.S. Generally Accepted Accounting Principles requires management to make estimates and assumptions that affect the amounts reported in these consolidated financial statements and the accompanying notes. &#xA0;Actual results could differ from those estimates.</p> </div>
CY2012 us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
-7000
CY2012 us-gaap Interest Expense
InterestExpense
203000
CY2012 gtim Increase Decrease In Intangible Assets Deposits And Other
IncreaseDecreaseInIntangibleAssetsDepositsAndOther
63000
CY2012 gtim Lease Term
LeaseTerm
P5Y
CY2012 gtim Percentage Of Purchases From Major Suppliers
PercentageOfPurchasesFromMajorSuppliers
1.00 pure
CY2012 gtim Income Tax Reconciliation Permanent Differences
IncomeTaxReconciliationPermanentDifferences
13000
CY2012 gtim Net Proceeds Expenses From Issuance Of Common Stock
NetProceedsExpensesFromIssuanceOfCommonStock
-32000
CY2012 gtim Number Of Restaurants Closed
NumberOfRestaurantsClosed
2 Restaurant
CY2012 gtim Recognition Period For Deferred Gain Loss On Sale Of Property
RecognitionPeriodForDeferredGainLossOnSaleOfProperty
P20Y
CY2012 gtim Lease Expirations Period
LeaseExpirationsPeriod
P13Y

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