2022 Q3 Form 10-Q Financial Statement

#000121465922009903 Filed on August 11, 2022

View on sec.gov

Income Statement

Concept 2022 Q3 2022 Q2 2022 Q1
Revenue $35.19M $36.50M $33.60M
YoY Change 4.99% 7.51% 15.1%
Cost Of Revenue $28.78M $29.81M $27.69M
YoY Change 8.58% 15.01% 23.51%
Gross Profit $6.413M $6.689M $5.905M
YoY Change -8.58% -16.68% -12.78%
Gross Profit Margin 18.22% 18.33% 17.58%
Selling, General & Admin $6.108M $5.574M $5.772M
YoY Change 12.3% -0.3% 11.43%
% of Gross Profit 95.24% 83.33% 97.75%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $928.0K $1.015M $1.036M
YoY Change -13.43% 3.57% 6.8%
% of Gross Profit 14.47% 15.17% 17.54%
Operating Expenses $6.108M $5.574M $5.772M
YoY Change 12.3% -0.3% 11.43%
Operating Profit $305.0K $821.0K $133.0K
YoY Change -80.65% -66.43% -91.64%
Interest Expense -$13.00K -$12.00K -$11.00K
YoY Change -48.0% -81.82% -86.25%
% of Operating Profit -4.26% -1.46% -8.27%
Other Income/Expense, Net -$12.00K
YoY Change -100.1%
Pretax Income -$1.079M $809.0K -$1.920M
YoY Change -169.17% -94.29% -226.32%
Income Tax -$14.00K $1.000K
% Of Pretax Income 0.12%
Net Earnings -$1.290M $469.0K -$2.150M
YoY Change -202.87% -96.56% -295.99%
Net Earnings / Revenue -3.67% 1.29% -6.4%
Basic Earnings Per Share $0.04 -$0.17
Diluted Earnings Per Share -$104.5K $0.04
COMMON SHARES
Basic Shares Outstanding 12.36M shares 12.46M shares 12.56M shares
Diluted Shares Outstanding 12.56M shares 12.53M shares

Balance Sheet

Concept 2022 Q3 2022 Q2 2022 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $8.906M $9.704M $7.066M
YoY Change 0.56% -5.8% -36.91%
Cash & Equivalents $8.906M $9.704M $7.066M
Short-Term Investments
Other Short-Term Assets $888.0K $1.387M $1.817M
YoY Change 38.53% 184.22% 127.13%
Inventory $1.387M $1.385M $1.380M
Prepaid Expenses
Receivables $694.0K $662.0K $1.415M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $11.88M $13.14M $11.68M
YoY Change 3.77% 6.29% -14.13%
LONG-TERM ASSETS
Property, Plant & Equipment $22.25M $23.54M $68.94M
YoY Change -18.28% -13.74% -7.83%
Goodwill $5.713M $5.713M
YoY Change 10.93% 10.93%
Intangibles $3.920M $3.922M
YoY Change 0.41% 0.31%
Long-Term Investments
YoY Change
Other Assets $52.26M $53.38M $213.0K
YoY Change -5.0% -4.62% -29.0%
Total Long-Term Assets $74.51M $76.92M $78.79M
YoY Change -9.39% -7.61% -6.31%
TOTAL ASSETS
Total Short-Term Assets $11.88M $13.14M $11.68M
Total Long-Term Assets $74.51M $76.92M $78.79M
Total Assets $86.39M $90.05M $90.47M
YoY Change -7.78% -5.81% -7.4%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $628.0K $753.0K $705.0K
YoY Change -58.02% -65.19% -62.89%
Accrued Expenses $6.791M $7.412M $11.96M
YoY Change 6.21% 14.19% 12.79%
Deferred Revenue $48.00K
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $0.00
YoY Change
Total Short-Term Liabilities $12.90M $13.57M $12.72M
YoY Change 0.09% -0.04% -38.56%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change -100.0%
Other Long-Term Liabilities $45.70M $47.02M $48.39M
YoY Change -8.46% -7.68% -8.35%
Total Long-Term Liabilities $45.70M $47.02M $48.39M
YoY Change -8.46% -7.68% -19.08%
TOTAL LIABILITIES
Total Short-Term Liabilities $12.90M $13.57M $12.72M
Total Long-Term Liabilities $45.70M $47.02M $48.39M
Total Liabilities $58.60M $60.59M $62.64M
YoY Change -6.7% -6.07% -23.33%
SHAREHOLDERS EQUITY
Retained Earnings -$30.32M -$29.03M
YoY Change 9.54% 0.34%
Common Stock $13.00K $13.00K
YoY Change 0.0% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost) $2.634M $2.213M
YoY Change 63.81% 2850.67%
Treasury Stock Shares 692.8K shares 546.0K shares
Shareholders Equity $26.49M $28.09M $27.83M
YoY Change
Total Liabilities & Shareholders Equity $86.39M $90.05M $90.47M
YoY Change -7.78% -5.81% -7.4%

Cashflow Statement

Concept 2022 Q3 2022 Q2 2022 Q1
OPERATING ACTIVITIES
Net Income -$1.290M $469.0K -$2.150M
YoY Change -202.87% -96.56% -295.99%
Depreciation, Depletion And Amortization $928.0K $1.015M $1.036M
YoY Change -13.43% 3.57% 6.8%
Cash From Operating Activities $873.0K $3.106M $1.531M
YoY Change -50.37% -25.26% -35.67%
INVESTING ACTIVITIES
Capital Expenditures -$1.018M -$446.0K -$940.0K
YoY Change -7.45% -51.42% 34.29%
Acquisitions
YoY Change
Other Investing Activities $0.00 $745.0K -$728.0K
YoY Change 24733.33% -7380.0%
Cash From Investing Activities -$1.018M $299.0K -$1.668M
YoY Change -7.45% -132.68% 141.74%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -653.0K -767.0K -437.0K
YoY Change -68.96% -81.49% -12.6%
NET CHANGE
Cash From Operating Activities 873.0K 3.106M 1.531M
Cash From Investing Activities -1.018M 299.0K -1.668M
Cash From Financing Activities -653.0K -767.0K -437.0K
Net Change In Cash -798.0K 2.638M -574.0K
YoY Change -44.78% -392.14% -148.24%
FREE CASH FLOW
Cash From Operating Activities $873.0K $3.106M $1.531M
Capital Expenditures -$1.018M -$446.0K -$940.0K
Free Cash Flow $1.891M $3.552M $2.471M
YoY Change -33.86% -30.0% -19.77%

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us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
1489000 usd
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
1313000 usd
CY2022Q2 us-gaap Net Income Loss
NetIncomeLoss
469000 usd
CY2021Q2 us-gaap Net Income Loss
NetIncomeLoss
13634000 usd
CY2021Q1 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
215000 usd
CY2021Q1 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
83000 usd
CY2021Q1 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
426000 usd
CY2021Q1 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
536000 usd
us-gaap Net Income Loss
NetIncomeLoss
-1351000 usd
us-gaap Net Income Loss
NetIncomeLoss
15533000 usd
CY2022Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.04
CY2021Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.07
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.11
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.22
CY2022Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.04
CY2021Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.04
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.11
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.21
CY2022Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
12457251 shares
CY2021Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
12787390 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
12502449 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
12689587 shares
CY2022Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
12560658 shares
CY2021Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
13076635 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
12502449 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
12793915 shares
CY2021Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
30870000 usd
CY2021Q4 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
95000 usd
CY2021Q4 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
6000 usd
CY2021Q4 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
920000 usd
CY2021Q4 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
632000 usd
CY2021Q4 us-gaap Net Income Loss
NetIncomeLoss
330000 usd
CY2021Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
31589000 usd
CY2022Q1 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
52000 usd
CY2022Q1 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
84000 usd
CY2022Q1 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
331000 usd
CY2022Q1 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
230000 usd
CY2022Q1 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
112000 usd
CY2022Q1 us-gaap Net Income Loss
NetIncomeLoss
-2150000 usd
CY2022Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
29362000 usd
CY2022Q2 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
60000 usd
CY2022Q2 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
274000 usd
CY2022Q2 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
339000 usd
CY2022Q2 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
493000 usd
CY2022Q2 us-gaap Net Income Loss
NetIncomeLoss
469000 usd
CY2022Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
29463000 usd
CY2020Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
14983000 usd
CY2020Q4 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
61000 usd
CY2020Q4 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
13000 usd
CY2020Q4 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
363000 usd
CY2020Q4 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
319000 usd
CY2020Q4 us-gaap Net Income Loss
NetIncomeLoss
802000 usd
CY2020Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
15903000 usd
gtim Recognition Of Deferred Gain On Sale Of Restaurant Building
RecognitionOfDeferredGainOnSaleOfRestaurantBuilding
28000 usd
us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
9000 usd
us-gaap Increase Decrease In Accounts Receivable And Other Operating Assets
IncreaseDecreaseInAccountsReceivableAndOtherOperatingAssets
18000 usd
us-gaap Increase Decrease In Accounts Receivable And Other Operating Assets
IncreaseDecreaseInAccountsReceivableAndOtherOperatingAssets
-280000 usd
us-gaap Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
742000 usd
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
62000 usd
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
102000 usd
gtim Increase Decrease In Intangible Assets Deposits And Other
IncreaseDecreaseInIntangibleAssetsDepositsAndOther
-70000 usd
CY2021Q1 us-gaap Net Income Loss
NetIncomeLoss
1097000 usd
CY2021Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
17188000 usd
us-gaap Share Based Compensation
ShareBasedCompensation
207000 usd
us-gaap Share Based Compensation
ShareBasedCompensation
327000 usd
gtim Recognition Of Deferred Gain On Sale Of Restaurant Building
RecognitionOfDeferredGainOnSaleOfRestaurantBuilding
24000 usd
CY2021Q2 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
51000 usd
CY2021Q2 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
311000 usd
CY2021Q2 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
524000 usd
CY2021Q2 us-gaap Noncontrolling Interest Increase From Subsidiary Equity Issuance
NoncontrollingInterestIncreaseFromSubsidiaryEquityIssuance
14000 usd
CY2021Q2 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
617000 usd
CY2021Q2 us-gaap Net Income Loss
NetIncomeLoss
13634000 usd
CY2021Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
31105000 usd
us-gaap Profit Loss
ProfitLoss
138000 usd
us-gaap Profit Loss
ProfitLoss
16846000 usd
us-gaap Depreciation And Amortization
DepreciationAndAmortization
3129000 usd
us-gaap Depreciation And Amortization
DepreciationAndAmortization
2920000 usd
us-gaap Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
2908000 usd
us-gaap Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
2631000 usd
gtim Decrease In Rou Assets
DecreaseInROUAssets
57000 usd
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
11778000 usd
us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
2056000 usd
us-gaap Gain Loss On Termination Of Lease
GainLossOnTerminationOfLease
642000 usd
gtim Increase Decrease In Intangible Assets Deposits And Other
IncreaseDecreaseInIntangibleAssetsDepositsAndOther
260000 usd
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-529000 usd
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-820000 usd
gtim Increase Decrease In Operating Lease Liabilities
IncreaseDecreaseInOperatingLeaseLiabilities
-3262000 usd
gtim Increase Decrease In Operating Lease Liabilities
IncreaseDecreaseInOperatingLeaseLiabilities
-2922000 usd
us-gaap Increase Decrease In Deferred Liabilities
IncreaseDecreaseInDeferredLiabilities
-4000 usd
us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
1123000 usd
us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
296000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
4418000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
7386000 usd
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
1623000 usd
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
2098000 usd
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
728000 usd
us-gaap Proceeds From Sale Of Other Productive Assets
ProceedsFromSaleOfOtherProductiveAssets
745000 usd
us-gaap Proceeds From Collection Of Advance To Affiliate
ProceedsFromCollectionOfAdvanceToAffiliate
13000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-1606000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-2085000 usd
gtim Payment For Purchase Of Treasury Stock
PaymentForPurchaseOfTreasuryStock
605000 usd
CY2022Q2 us-gaap Sharebased Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Exercisable Options Weighted Average Exercise Price1
SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeExercisableOptionsWeightedAverageExercisePrice1
3.52
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
5500000 usd
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
90000 usd
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
407000 usd
us-gaap Proceeds From Minority Shareholders
ProceedsFromMinorityShareholders
14000 usd
us-gaap Payments Of Dividends Minority Interest
PaymentsOfDividendsMinorityInterest
1449000 usd
us-gaap Payments Of Dividends Minority Interest
PaymentsOfDividendsMinorityInterest
1375000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-1964000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-6454000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
848000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
-1153000 usd
CY2021Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
8856000 usd
CY2020Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
11454000 usd
CY2022Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
9704000 usd
CY2021Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
10301000 usd
us-gaap Interest Paid Net
InterestPaidNet
14000 usd
us-gaap Interest Paid Net
InterestPaidNet
33000 usd
gtim Capital Expenditures Incurred But Not Paid
CapitalExpendituresIncurredButNotPaid
-214000 usd
gtim Capital Expenditures Incurred But Not Paid
CapitalExpendituresIncurredButNotPaid
500000 usd
us-gaap Marketing And Advertising Expense
MarketingAndAdvertisingExpense
204000 usd
us-gaap Marketing And Advertising Expense
MarketingAndAdvertisingExpense
205000 usd
us-gaap Operating Lease Cost
OperatingLeaseCost
1693000 usd
us-gaap Sharebased Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Exercisable Options Weighted Average Remaining Contractual Term2
SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeExercisableOptionsWeightedAverageRemainingContractualTerm2
P5Y1M6D
CY2022Q2 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
3925000 usd
CY2022Q2 gtim Intangible Asset Net Carrying Amount Accumulated Amortization
IntangibleAssetNetCarryingAmountAccumulatedAmortization
-3000 usd
CY2022Q2 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
3922000 usd
CY2021Q3 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
3950000 usd
CY2021Q3 gtim Intangible Asset Net Carrying Amount Accumulated Amortization
IntangibleAssetNetCarryingAmountAccumulatedAmortization
-46000 usd
CY2021Q3 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
3904000 usd
CY2022Q2 us-gaap Goodwill Gross
GoodwillGross
5713000 usd
CY2022Q2 us-gaap Goodwill
Goodwill
5713000 usd
CY2021Q3 us-gaap Goodwill Gross
GoodwillGross
5150000 usd
CY2021Q3 us-gaap Goodwill
Goodwill
5150000 usd
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
3000000 usd
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
46000000 usd
gtim Share Based Payment Arrangements Noncash Expense
ShareBasedPaymentArrangementsNoncashExpense
207000 usd
gtim Share Based Payment Arrangements Noncash Expense
ShareBasedPaymentArrangementsNoncashExpense
327000 usd
us-gaap Variable Lease Cost
VariableLeaseCost
27000 usd
us-gaap Variable Lease Cost
VariableLeaseCost
20000 usd
CY2021Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
443815 shares
CY2021Q3 us-gaap Sharebased Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Outstanding Options Weighted Average Exercise Price Beginning Balance1
SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeOutstandingOptionsWeightedAverageExercisePriceBeginningBalance1
3.63
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
105000 shares
CY2022Q2 gtim Sharebased Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Grant Options Weighted Average Exercise Price
SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeGrantOptionsWeightedAverageExercisePrice
4.9
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Exercised
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsExercised
28797 shares
CY2022Q2 gtim Sharebased Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Exercised Options Weighted Average Exercise Price
SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeExercisedOptionsWeightedAverageExercisePrice
3.1
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Forfeitures
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsForfeitures
20362 shares
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
4.63
CY2022Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
499656 shares
CY2022Q2 us-gaap Sharebased Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Outstanding Options Weighted Average Exercise Price Beginning Balance1
SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeOutstandingOptionsWeightedAverageExercisePriceBeginningBalance1
3.89
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P5Y8M12D
CY2022Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
351872 shares
us-gaap Sublease Income
SubleaseIncome
136000 usd
CY2022Q2 us-gaap Incremental Common Shares Attributable To Call Options And Warrants
IncrementalCommonSharesAttributableToCallOptionsAndWarrants
29071 shares
gtim Proceeds From Stock Option Exercised
ProceedsFromStockOptionExercised
90000 usd
gtim Proceeds From Stock Option Exercised
ProceedsFromStockOptionExercised
407000 usd
CY2021Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
61952 shares
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod
28000 shares
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
4.5
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested Number Of Shares
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedNumberOfShares
15616 shares
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedWeightedAverageGrantDateFairValue
3.95
CY2022Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
74336 shares
us-gaap Gain Loss On Contract Termination
GainLossOnContractTermination
642000 usd
CY2022Q2 us-gaap Prepaid Rent
PrepaidRent
773000 usd
CY2022Q2 us-gaap Other Assets Miscellaneous
OtherAssetsMiscellaneous
614000 usd
CY2021Q3 us-gaap Other Assets Miscellaneous
OtherAssetsMiscellaneous
641000 usd
CY2022Q2 gtim Prepaidexpensetotal
Prepaidexpensetotal
1387000 usd
CY2021Q3 gtim Prepaidexpensetotal
Prepaidexpensetotal
641000 usd
CY2021Q2 us-gaap Incremental Common Shares Attributable To Call Options And Warrants
IncrementalCommonSharesAttributableToCallOptionsAndWarrants
225471 shares
us-gaap Incremental Common Shares Attributable To Call Options And Warrants
IncrementalCommonSharesAttributableToCallOptionsAndWarrants
40553 shares
CY2022Q2 gtim Incremental Common Shares Attributable To Restricted Stock Units
IncrementalCommonSharesAttributableToRestrictedStockUnits
74336 shares
CY2021Q2 gtim Incremental Common Shares Attributable To Restricted Stock Units
IncrementalCommonSharesAttributableToRestrictedStockUnits
63774 shares
CY2022Q2 us-gaap Accrued Employee Benefits Current
AccruedEmployeeBenefitsCurrent
3115000 usd
CY2021Q3 us-gaap Accrued Employee Benefits Current
AccruedEmployeeBenefitsCurrent
3282000 usd
CY2022Q2 us-gaap Accrual For Taxes Other Than Income Taxes Current
AccrualForTaxesOtherThanIncomeTaxesCurrent
1248000 usd
CY2021Q3 us-gaap Accrual For Taxes Other Than Income Taxes Current
AccrualForTaxesOtherThanIncomeTaxesCurrent
1334000 usd
CY2022Q2 us-gaap Accrued Liabilities For Unredeeemed Gift Cards
AccruedLiabilitiesForUnredeeemedGiftCards
980000 usd
CY2021Q3 us-gaap Accrued Liabilities For Unredeeemed Gift Cards
AccruedLiabilitiesForUnredeeemedGiftCards
375000 usd
CY2022Q2 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
2069000 usd
CY2021Q3 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
1403000 usd
CY2022Q2 us-gaap Accrued Liabilities Current And Noncurrent
AccruedLiabilitiesCurrentAndNoncurrent
7412000 usd
CY2021Q3 us-gaap Accrued Liabilities Current And Noncurrent
AccruedLiabilitiesCurrentAndNoncurrent
6394000 usd
us-gaap Line Of Credit Facility Commitment Fee Percentage
LineOfCreditFacilityCommitmentFeePercentage
0.0025 pure
gtim Description Of Interest At A Variable Rate
DescriptionOfInterestAtAVariableRate
As of June 28, 2022, any borrowings under the Cadence Credit Facility, as amended, bear interest at a variable rate based upon the Company’s election of (i) 2.5% plus the base rate, which is the highest of the (a) Federal Funds Rate plus 0.5%, (b) the Cadence Bank publicly announced prime rate, and (c) LIBOR plus 1.0%, or (ii) LIBOR, with a 0.250% floor, plus 3.5%.
us-gaap Sublease Income
SubleaseIncome
136000 usd
us-gaap Lease Cost
LeaseCost
1757000 usd
gtim Description Of Cadence Credit Facility
DescriptionOfCadenceCreditFacility
the Cadence Credit Facility contains certain affirmative and negative covenants and events of default that the Company considers customary for an agreement of this type, including financial covenants setting a maximum leverage ratio of 5.15:1, a minimum pre-distribution fixed charge coverage ratio of 1.25:1, a minimum post-distribution fixed charge coverage ratio of 1.10:1 and minimum liquidity of $2.0 million. As of June 28, 2022, the Company was in compliance with all of these financial covenants under the Cadence Credit Facility.
CY2022Q2 gtim Weighted Average Number Of Share Outstanding Basic
WeightedAverageNumberOfShareOutstandingBasic
12457251 shares
CY2021Q2 gtim Weighted Average Number Of Share Outstanding Basic
WeightedAverageNumberOfShareOutstandingBasic
12787390 shares
gtim Weighted Average Number Of Share Outstanding Basic
WeightedAverageNumberOfShareOutstandingBasic
12502449 shares
gtim Weighted Average Number Of Share Outstanding Basic
WeightedAverageNumberOfShareOutstandingBasic
12689587 shares
gtim Incremental Common Shares Attributable To Restricted Stock Units
IncrementalCommonSharesAttributableToRestrictedStockUnits
63774 shares
CY2022Q2 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
12560658 shares
us-gaap Lease Cost
LeaseCost
1577000 usd
CY2021Q2 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
13076635 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
12502449 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
12793915 shares
CY2022Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
387378 shares
CY2021Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
289611 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
249752 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
474528 shares
CY2021Q3 gtim New Causes Of Action And A Claim In Damages
NewCausesOfActionAndAClaimInDamages
18000000 usd
CY2022Q1 us-gaap Loss Contingency Accrual Carrying Value Current
LossContingencyAccrualCarryingValueCurrent
332000 usd
CY2022Q2 us-gaap Lessee Operating Lease Renewal Term
LesseeOperatingLeaseRenewalTerm
P5Y
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us-gaap Lease Cost
LeaseCost
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P8Y10M6D
CY2021Q2 us-gaap Operating Lease Weighted Average Remaining Lease Term1
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P9Y9M18D
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us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
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CY2022Q2 us-gaap Operating Lease Liability Noncurrent
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CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Five
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CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
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CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
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CY2022Q2 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
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CY2022Q2 us-gaap Operating Lease Liability
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us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.007 pure
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0 pure
CY2022Q2 us-gaap Noncurrent Assets
NoncurrentAssets
2056000000 usd
CY2022Q2 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
0 usd
CY2021Q2 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
0 usd
gtim Income Tax Expense
IncomeTaxExpense
9000000 usd
CY2021Q3 us-gaap Minority Interest
MinorityInterest
1124000 usd
us-gaap Noncontrolling Interest In Net Income Loss Joint Venture Partners Nonredeemable
NoncontrollingInterestInNetIncomeLossJointVenturePartnersNonredeemable
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us-gaap Equity Method Investment Dividends Or Distributions
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1237000 usd
CY2021Q2 us-gaap Payments To Acquire Productive Assets
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912000 usd
us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
1951000 usd
CY2022Q2 us-gaap Minority Interest
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1376000 usd
CY2022Q2 us-gaap Revenues
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36497000 usd
CY2021Q2 us-gaap Revenues
Revenues
33946000 usd
us-gaap Revenues
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us-gaap Revenues
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CY2022Q2 us-gaap Operating Income Loss
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821000 usd
CY2021Q2 us-gaap Operating Income Loss
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2446000 usd
us-gaap Operating Income Loss
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188000 usd
us-gaap Operating Income Loss
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5312000 usd
CY2022Q2 us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
1016000 usd
us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
2098000 usd
CY2022Q2 gtim Property And Equipment Nets
PropertyAndEquipmentNets
23538000 usd
CY2021Q3 gtim Property And Equipment Nets
PropertyAndEquipmentNets
27066000 usd
CY2021Q2 us-gaap Impairment Of Long Lived Assets Held For Use
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us-gaap Impairment Of Long Lived Assets Held For Use
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CY2021Q2 gtim Litigation Contingencies
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CY2021Q4 us-gaap Stock Issued During Period Value Restricted Stock Award Gross
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CY2021Q4 us-gaap Stock Issued During Period Value New Issues
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CY2022Q1 us-gaap Stock Issued During Period Value Restricted Stock Award Gross
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CY2021Q1 us-gaap Stock Issued During Period Value New Issues
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gtim Decrease In Rou Assets
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us-gaap Increase Decrease In Deferred Liabilities
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us-gaap Payments To Acquire Businesses Net Of Cash Acquired
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us-gaap Proceeds From Collection Of Advance To Affiliate
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gtim Payment For Purchase Of Treasury Stock
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us-gaap Repayments Of Long Term Debt
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us-gaap Proceeds From Minority Shareholders
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CY2022Q2 us-gaap Goodwill Impaired Accumulated Impairment Loss
GoodwillImpairedAccumulatedImpairmentLoss
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CY2021Q3 us-gaap Goodwill Impaired Accumulated Impairment Loss
GoodwillImpairedAccumulatedImpairmentLoss
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us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
us-gaap Sharebased Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Outstanding Options Weighted Average Remaining Contractual Term2
SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeOutstandingOptionsWeightedAverageRemainingContractualTerm2
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageRemainingContractualTerm1
gtim Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Forfeited To Vest Outstanding Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndForfeitedToVestOutstandingWeightedAverageRemainingContractualTerm1
CY2021Q3 us-gaap Prepaid Rent
PrepaidRent
usd
us-gaap Incremental Common Shares Attributable To Call Options And Warrants
IncrementalCommonSharesAttributableToCallOptionsAndWarrants
shares
gtim Incremental Common Shares Attributable To Restricted Stock Units
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shares
dei Amendment Flag
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false
dei Current Fiscal Year End Date
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dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q3
dei Entity Central Index Key
EntityCentralIndexKey
0000825324
dei Entity Registrant Name
EntityRegistrantName
Good Times Restaurants Inc.
CY2021Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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