2023 Q4 Form 10-K Financial Statement

#000143774923034439 Filed on December 14, 2023

View on sec.gov

Income Statement

Concept 2023 Q4 2023 Q3 2023
Revenue $33.13M $34.32M $138.1M
YoY Change -0.78% -2.46% -0.06%
Cost Of Revenue $27.61M $28.60M $113.1M
YoY Change 0.18% -0.6% 0.3%
Gross Profit $5.526M $5.719M $24.99M
YoY Change -5.33% -10.82% -1.62%
Gross Profit Margin 16.68% 16.66% 18.09%
Selling, General & Admin $5.910M $5.585M $22.48M
YoY Change 3.14% -8.56% -3.05%
% of Gross Profit 106.95% 97.66% 89.95%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $948.0K $942.0K $3.752M
YoY Change 1.72% 1.51% -7.52%
% of Gross Profit 17.16% 16.47% 15.02%
Operating Expenses $5.910M $5.585M $22.48M
YoY Change 3.14% -8.56% -3.05%
Operating Profit -$374.0K $134.0K $963.0K
YoY Change -449.53% -56.07% -209.68%
Interest Expense $32.00K -$22.00K $78.00K
YoY Change -366.67% 69.23% -244.44%
% of Operating Profit -16.42% 8.1%
Other Income/Expense, Net
YoY Change
Pretax Income -$406.0K -$427.0K $885.0K
YoY Change -527.37% -60.43% -194.96%
Income Tax $77.00K -$284.0K -$10.79M
% Of Pretax Income -1218.87%
Net Earnings -$556.0K -$250.0K $11.09M
YoY Change 337.8% -80.62% -519.77%
Net Earnings / Revenue -1.68% -0.73% 8.03%
Basic Earnings Per Share -$5.00 $0.94
Diluted Earnings Per Share -$0.05 -$0.02 $0.94
COMMON SHARES
Basic Shares Outstanding 11.35M 11.56M 11.77M
Diluted Shares Outstanding 11.38M 11.83M

Balance Sheet

Concept 2023 Q4 2023 Q3 2023
SHORT-TERM ASSETS
Cash & Short-Term Investments $3.515M $4.182M $4.182M
YoY Change -49.16% -53.04% -53.04%
Cash & Equivalents $3.515M $4.182M $4.182M
Short-Term Investments
Other Short-Term Assets $705.0K $235.0K $235.0K
YoY Change -64.07% -73.54% -73.54%
Inventory $1.424M $1.407M $1.407M
Prepaid Expenses
Receivables $1.334M $769.0K $769.0K
Other Receivables $0.00 $769.0K $0.00
Total Short-Term Assets $6.978M $6.593M $6.593M
YoY Change -38.73% -44.48% -44.48%
LONG-TERM ASSETS
Property, Plant & Equipment $22.55M $23.04M $62.97M
YoY Change 1.63% 3.53% -2.69%
Goodwill $5.713M $5.713M
YoY Change 0.0% 0.0%
Intangibles $3.948M $3.951M
YoY Change 0.79%
Long-Term Investments
YoY Change
Other Assets $60.59M $61.46M $11.88M
YoY Change 19.61% 17.6% 7053.61%
Total Long-Term Assets $83.14M $84.50M $84.50M
YoY Change 14.13% 13.4% 13.4%
TOTAL ASSETS
Total Short-Term Assets $6.978M $6.593M $6.593M
Total Long-Term Assets $83.14M $84.50M $84.50M
Total Assets $90.12M $91.09M $91.09M
YoY Change 6.98% 5.44% 5.44%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $2.642M $2.585M $2.585M
YoY Change 177.81% 311.62% 311.62%
Accrued Expenses $6.874M $6.451M $10.96M
YoY Change -2.33% -5.01% -0.7%
Deferred Revenue $60.00K $67.00K
YoY Change 39.58%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $15.48M $14.89M $14.89M
YoY Change 15.24% 15.45% 15.45%
LONG-TERM LIABILITIES
Long-Term Debt $1.250M $750.0K $750.0K
YoY Change
Other Long-Term Liabilities $41.31M $42.45M $42.45M
YoY Change -6.1% -7.11% -7.11%
Total Long-Term Liabilities $42.56M $43.20M $43.20M
YoY Change -3.26% -5.47% -5.47%
TOTAL LIABILITIES
Total Short-Term Liabilities $15.48M $14.89M $14.89M
Total Long-Term Liabilities $42.56M $43.20M $43.20M
Total Liabilities $58.04M $58.09M $58.52M
YoY Change 1.06% -0.86% -2.31%
SHAREHOLDERS EQUITY
Retained Earnings -$19.79M -$19.24M
YoY Change -35.0% -36.56%
Common Stock $13.00K $13.00K
YoY Change 0.0% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost) $4.908M
YoY Change 86.33%
Treasury Stock Shares
Shareholders Equity $31.62M $32.57M $32.57M
YoY Change
Total Liabilities & Shareholders Equity $90.12M $91.09M $91.09M
YoY Change 6.98% 5.44% 5.44%

Cashflow Statement

Concept 2023 Q4 2023 Q3 2023
OPERATING ACTIVITIES
Net Income -$556.0K -$250.0K $11.09M
YoY Change 337.8% -80.62% -519.77%
Depreciation, Depletion And Amortization $948.0K $942.0K $3.752M
YoY Change 1.72% 1.51% -7.52%
Cash From Operating Activities -$252.0K $3.255M $7.965M
YoY Change 63.64% 272.85% 50.54%
INVESTING ACTIVITIES
Capital Expenditures $448.0K $1.591M $4.771M
YoY Change -38.04% -256.29% 80.65%
Acquisitions $1.326M
YoY Change 82.14%
Other Investing Activities $0.00 -$1.282M -$5.672M
YoY Change -100.0% -33464.71%
Cash From Investing Activities -$448.0K -$2.873M -$10.44M
YoY Change -37.69% 182.22% 297.98%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $2.274M
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities $33.00K 114.0K -$2.246M
YoY Change -102.95% -117.46% -14.18%
NET CHANGE
Cash From Operating Activities -$252.0K 3.255M $7.965M
Cash From Investing Activities -$448.0K -2.873M -$10.44M
Cash From Financing Activities $33.00K 114.0K -$2.246M
Net Change In Cash -$667.0K 496.0K -$4.724M
YoY Change -66.52% -162.16% -9548.0%
FREE CASH FLOW
Cash From Operating Activities -$252.0K $3.255M $7.965M
Capital Expenditures $448.0K $1.591M $4.771M
Free Cash Flow -$700.0K $1.664M $3.194M
YoY Change -20.18% -12.0% 20.53%

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250000 usd
CY2022 us-gaap Stock Issued During Period Value Restricted Stock Award Gross
StockIssuedDuringPeriodValueRestrictedStockAwardGross
0 usd
CY2022 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
156000 usd
CY2022 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
1026000 usd
CY2022 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
1714000 usd
CY2022 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
1568000 usd
CY2022 us-gaap Noncontrolling Interest Increase From Subsidiary Equity Issuance
NoncontrollingInterestIncreaseFromSubsidiaryEquityIssuance
33000 usd
CY2022 us-gaap Net Income Loss
NetIncomeLoss
-2641000 usd
CY2022Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
27788000 usd
CY2023 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
131000 usd
CY2023 us-gaap Stock Issued During Period Value Restricted Stock Award Gross
StockIssuedDuringPeriodValueRestrictedStockAwardGross
-92000 usd
CY2023 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
5000 usd
CY2023 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
2274000 usd
CY2023 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
586000 usd
CY2023 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
648000 usd
CY2023 us-gaap Noncontrolling Interest Increase From Subsidiary Equity Issuance
NoncontrollingInterestIncreaseFromSubsidiaryEquityIssuance
13000 usd
CY2023 us-gaap Minority Interest Decrease From Redemptions
MinorityInterestDecreaseFromRedemptions
3601000 usd
CY2023 us-gaap Net Income Loss
NetIncomeLoss
11086000 usd
CY2023Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
32994000 usd
CY2023 us-gaap Profit Loss
ProfitLoss
11672000 usd
CY2022 us-gaap Profit Loss
ProfitLoss
-927000 usd
CY2023 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
3752000 usd
CY2022 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
4057000 usd
CY2023 us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
-327000 usd
CY2022 us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
-428000 usd
CY2023 us-gaap Disposal Group Not Discontinued Operation Gain Loss On Disposal
DisposalGroupNotDiscontinuedOperationGainLossOnDisposal
37000 usd
CY2022 us-gaap Disposal Group Not Discontinued Operation Gain Loss On Disposal
DisposalGroupNotDiscontinuedOperationGainLossOnDisposal
34000 usd
CY2023 gtim Gain Loss On Disposition Of Assets Excluding Lease Termination
GainLossOnDispositionOfAssetsExcludingLeaseTermination
4000 usd
CY2022 gtim Gain Loss On Disposition Of Assets Excluding Lease Termination
GainLossOnDispositionOfAssetsExcludingLeaseTermination
-0 usd
CY2023 us-gaap Gain Loss On Termination Of Lease
GainLossOnTerminationOfLease
-0 usd
CY2022 us-gaap Gain Loss On Termination Of Lease
GainLossOnTerminationOfLease
642000 usd
CY2023 us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
1589000 usd
CY2022 us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
3437000 usd
CY2023 us-gaap Share Based Compensation
ShareBasedCompensation
131000 usd
CY2022 us-gaap Share Based Compensation
ShareBasedCompensation
250000 usd
CY2023 us-gaap Deferred Income Taxes And Tax Credits
DeferredIncomeTaxesAndTaxCredits
-10790000 usd
CY2022 us-gaap Deferred Income Taxes And Tax Credits
DeferredIncomeTaxesAndTaxCredits
-5000 usd
CY2023 us-gaap Increase Decrease In Accounts Receivable And Other Operating Assets
IncreaseDecreaseInAccountsReceivableAndOtherOperatingAssets
-582000 usd
CY2022 us-gaap Increase Decrease In Accounts Receivable And Other Operating Assets
IncreaseDecreaseInAccountsReceivableAndOtherOperatingAssets
293000 usd
CY2023 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
5000 usd
CY2022 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
64000 usd
CY2023 us-gaap Increase Decrease In Deposit Other Assets
IncreaseDecreaseInDepositOtherAssets
111000 usd
CY2022 us-gaap Increase Decrease In Deposit Other Assets
IncreaseDecreaseInDepositOtherAssets
-79000 usd
CY2023 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
1866000 usd
CY2022 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-654000 usd
CY2023 us-gaap Increase Decrease In Deferred Liabilities
IncreaseDecreaseInDeferredLiabilities
19000 usd
CY2022 us-gaap Increase Decrease In Deferred Liabilities
IncreaseDecreaseInDeferredLiabilities
0 usd
CY2023 us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
-372000 usd
CY2022 us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
515000 usd
CY2023 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
7965000 usd
CY2022 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
5291000 usd
CY2023 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
4771000 usd
CY2022 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
2641000 usd
CY2023 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
1326000 usd
CY2022 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
728000 usd
CY2023 us-gaap Payments To Acquire Interest In Subsidiaries And Affiliates
PaymentsToAcquireInterestInSubsidiariesAndAffiliates
4394000 usd
CY2022 us-gaap Payments To Acquire Interest In Subsidiaries And Affiliates
PaymentsToAcquireInterestInSubsidiariesAndAffiliates
-0 usd
CY2023 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
48000 usd
CY2022 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
0 usd
CY2023 gtim Proceeds From Lease Termination
ProceedsFromLeaseTermination
0 usd
CY2022 gtim Proceeds From Lease Termination
ProceedsFromLeaseTermination
745000 usd
CY2023 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-10443000 usd
CY2022 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-2624000 usd
CY2023 us-gaap Proceeds From Issuance Of Long Term Debt And Capital Securities Net
ProceedsFromIssuanceOfLongTermDebtAndCapitalSecuritiesNet
750000 usd
CY2022 us-gaap Proceeds From Issuance Of Long Term Debt And Capital Securities Net
ProceedsFromIssuanceOfLongTermDebtAndCapitalSecuritiesNet
0 usd
CY2023 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
2274000 usd
CY2022 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
1026000 usd
CY2023 gtim Payments For Restricted Stock Vesting Settled In Cash
PaymentsForRestrictedStockVestingSettledInCash
92000 usd
CY2022 gtim Payments For Restricted Stock Vesting Settled In Cash
PaymentsForRestrictedStockVestingSettledInCash
-0 usd
CY2023 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
5000 usd
CY2022 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
156000 usd
CY2023 us-gaap Proceeds From Minority Shareholders
ProceedsFromMinorityShareholders
13000 usd
CY2022 us-gaap Proceeds From Minority Shareholders
ProceedsFromMinorityShareholders
33000 usd
CY2023 us-gaap Payments Of Dividends Minority Interest
PaymentsOfDividendsMinorityInterest
648000 usd
CY2022 us-gaap Payments Of Dividends Minority Interest
PaymentsOfDividendsMinorityInterest
1780000 usd
CY2023 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-2246000 usd
CY2022 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-2617000 usd
CY2023 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-4724000 usd
CY2022 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
50000 usd
CY2022Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
8906000 usd
CY2021Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
8856000 usd
CY2023Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
4182000 usd
CY2022Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
8906000 usd
CY2023 us-gaap Interest Paid Net
InterestPaidNet
31000 usd
CY2022 us-gaap Interest Paid Net
InterestPaidNet
20000 usd
CY2023 gtim Capital Expenditures Noncash
CapitalExpendituresNoncash
91000 usd
CY2022 gtim Capital Expenditures Noncash
CapitalExpendituresNoncash
-214000 usd
CY2023 us-gaap Fiscal Period
FiscalPeriod
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:justify;margin:0pt;"><span style="text-decoration: underline; ">Fiscal Year</span> – The Company’s fiscal year is a <em style="font: inherit;">52/53</em>-week year ending on the last Tuesday of <em style="font: inherit;"> September. </em>In a <em style="font: inherit;">52</em>-week fiscal year, each of the Company’s quarterly periods comprise <em style="font: inherit;">13</em> weeks. The additional week in a <em style="font: inherit;">53</em>-week fiscal year is added to the <em style="font: inherit;">first</em> quarter, making such quarter consist of <em style="font: inherit;">14</em> weeks. Fiscal year <em style="font: inherit;">2023</em> began <em style="font: inherit;"> September 28, 2022 </em>and ended <em style="font: inherit;"> September 26, 2023. </em>Fiscal <em style="font: inherit;">2022</em> began <em style="font: inherit;"> September 29, 2021 </em>and ended <em style="font: inherit;"> September 27, 2022.</em></p> <p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;"> </p> <p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:justify;margin:0pt;"></p>
CY2023Q3 us-gaap Accrual For Taxes Other Than Income Taxes Current
AccrualForTaxesOtherThanIncomeTaxesCurrent
1275000 usd
CY2022Q3 us-gaap Accrual For Taxes Other Than Income Taxes Current
AccrualForTaxesOtherThanIncomeTaxesCurrent
1166000 usd
CY2023 us-gaap Marketing And Advertising Expense
MarketingAndAdvertisingExpense
261000 usd
CY2022 us-gaap Marketing And Advertising Expense
MarketingAndAdvertisingExpense
273000 usd
CY2023 us-gaap Use Of Estimates
UseOfEstimates
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:justify;margin:0pt;"><span style="text-decoration: underline; ">Accounting Estimates</span> – The preparation of consolidated financial statements in conformity with GAAP requires management to make estimates of and assumptions related to the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities at the date of the consolidated financial statements, and the reported amounts of revenues and expenses during the reporting period. Examples include valuation of reporting units for purposes of assessing goodwill and other indefinite-lived intangible assets for impairment, valuation of asset groups for impairment testing, accruals for employee benefits, and certain contingencies. We base our estimates on historical experience, market participant fair value considerations, projected future cash flows, and various other factors that are believed to be reasonable under the circumstances. Actual results could differ from those estimates.</p> <p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;"> </p> <p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:justify;margin:0pt;"></p>
CY2023Q3 us-gaap Cash Fdic Insured Amount
CashFDICInsuredAmount
250000 usd
CY2023Q3 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
272000 usd
CY2023Q3 us-gaap Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
1108000 usd
CY2023 us-gaap Impairment Of Intangible Assets Indefinitelived Excluding Goodwill
ImpairmentOfIntangibleAssetsIndefinitelivedExcludingGoodwill
0 usd
CY2022 us-gaap Impairment Of Intangible Assets Finitelived
ImpairmentOfIntangibleAssetsFinitelived
0 usd
CY2023 us-gaap Number Of Reporting Units
NumberOfReportingUnits
2 pure
CY2023Q3 us-gaap Goodwill
Goodwill
5713000 usd
CY2022Q3 us-gaap Goodwill
Goodwill
5713000 usd
CY2022Q3 us-gaap Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
985000 usd
CY2023Q3 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
1175000 usd
CY2022Q3 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
1867000 usd
CY2023Q3 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
6451000 usd
CY2022Q3 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
6791000 usd
CY2023 us-gaap Asset Impairment Charges
AssetImpairmentCharges
1589000 usd
CY2022 us-gaap Asset Impairment Charges
AssetImpairmentCharges
3437000 usd
CY2023 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
11772778
CY2022 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
12464408
CY2023 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
11827752
CY2022 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
12464408
CY2023 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
347528
CY2022 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
237128
CY2023 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:justify;margin:0pt;"><span style="text-decoration: underline; ">Financial Instruments and Concentrations of Credit Risk</span> – Credit risk represents the accounting loss that would be recognized at the reporting date if counterparties failed completely to perform as contracted. 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 affected by changes in economic or other conditions. 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 <em style="font: inherit;">third</em> parties in connection with various sales of restaurants to franchisees.</p> <p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;"> </p> <p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:justify;margin:0pt;">Financial instruments potentially subjecting the Company to concentrations of credit risk consist principally of receivables. The Company has other current receivables totaling $769,000 as of <em style="font: inherit;"> September 26, 2023. </em>This includes $23,000 of franchise receivables, $269,000 of <em style="font: inherit;">3</em><sup style="vertical-align:top;line-height:120%;">rd</sup> party delivery receivables, $185,000 of rebate receivables from our food and beverage vendors, $272,000 of lease incentives receivable, and $20,000 of other miscellaneous receivables.</p> <p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;"> </p> <p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:justify;margin:0pt;">The Company purchases most of its restaurant food and paper through a single distribution company. The Company believes a sufficient number of other distributors exist from which food and paper could be purchased to prevent any long-term, adverse consequences.</p> <p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;"> </p> <p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:justify;margin:0pt;">The Company operates in two industry segments, quick service restaurants and casual dining restaurants. A geographic concentration exists because the Company’s customers are generally located in Colorado and the Southeast region of the U.S., most significantly in North Carolina.</p> <p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;"> </p> <p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:justify;margin:0pt;"></p>
CY2023Q3 us-gaap Other Receivables Net Current
OtherReceivablesNetCurrent
769000 usd
CY2023 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
2 pure
CY2021Q3 us-gaap Loss Contingency Damages Sought Value
LossContingencyDamagesSoughtValue
18000000 usd
CY2022Q1 us-gaap Loss Contingency Accrual At Carrying Value
LossContingencyAccrualAtCarryingValue
332000 usd
CY2023Q3 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
65000 usd
CY2023Q3 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
-14000 usd
CY2023Q3 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
51000 usd
CY2022Q3 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
25000 usd
CY2022Q3 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
-5000 usd
CY2022Q3 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
20000 usd
CY2023Q3 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
3965000 usd
CY2023Q3 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
-14000 usd
CY2023Q3 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
3951000 usd
CY2022Q3 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
3925000 usd
CY2022Q3 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
-5000 usd
CY2022Q3 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
3920000 usd
CY2023Q3 us-gaap Goodwill Gross
GoodwillGross
5713000 usd
CY2023Q3 us-gaap Goodwill Impaired Accumulated Impairment Loss
GoodwillImpairedAccumulatedImpairmentLoss
0 usd
CY2023Q3 us-gaap Goodwill
Goodwill
5713000 usd
CY2022Q3 us-gaap Goodwill Gross
GoodwillGross
5713000 usd
CY2022Q3 us-gaap Goodwill Impaired Accumulated Impairment Loss
GoodwillImpairedAccumulatedImpairmentLoss
0 usd
CY2022Q3 us-gaap Goodwill
Goodwill
5713000 usd
CY2023 us-gaap Impairment Of Intangible Assets Excluding Goodwill
ImpairmentOfIntangibleAssetsExcludingGoodwill
0 usd
CY2023 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
9000 usd
CY2023 us-gaap Interest Expense Debt
InterestExpenseDebt
31000 usd
CY2022 us-gaap Interest Expense Debt
InterestExpenseDebt
20000 usd
CY2023Q3 us-gaap Accrued Employee Benefits Current
AccruedEmployeeBenefitsCurrent
2893000 usd
CY2022Q3 us-gaap Accrued Employee Benefits Current
AccruedEmployeeBenefitsCurrent
2773000 usd
CY2023 us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
23000 usd
CY2022 gtim Payment On Contingent Rentals
PaymentOnContingentRentals
136000 usd
CY2023 us-gaap Operating Lease Cost
OperatingLeaseCost
7302000 usd
CY2022 us-gaap Operating Lease Cost
OperatingLeaseCost
7328000 usd
CY2023 gtim Variable Lease Cost Income
VariableLeaseCostIncome
-23000 usd
CY2022 gtim Variable Lease Cost Income
VariableLeaseCostIncome
136000 usd
CY2023 us-gaap Sublease Income
SubleaseIncome
546000 usd
CY2022 us-gaap Sublease Income
SubleaseIncome
536000 usd
CY2023 us-gaap Lease Cost
LeaseCost
6733000 usd
CY2022 us-gaap Lease Cost
LeaseCost
6928000 usd
CY2023Q3 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
39935000 usd
CY2022Q3 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
42463000 usd
CY2023Q3 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
5787000 usd
CY2022Q3 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
5430000 usd
CY2023Q3 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
42332000 usd
CY2022Q3 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
45544000 usd
CY2023Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
48119000 usd
CY2022Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
50974000 usd
CY2023 us-gaap Operating Lease Payments
OperatingLeasePayments
7431000 usd
CY2022 us-gaap Operating Lease Payments
OperatingLeasePayments
7235000 usd
CY2023 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
443000 usd
CY2022 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
571000 usd
CY2023Q3 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P7Y11M8D
CY2022Q3 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P8Y7M6D
CY2023Q3 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.05 pure
CY2022Q3 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.05 pure
CY2023Q3 us-gaap Deferred Tax Liabilities Other
DeferredTaxLiabilitiesOther
-0 usd
CY2023Q3 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
8025000 usd
CY2023Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
8138000 usd
CY2023Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
7722000 usd
CY2023Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
7425000 usd
CY2023Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
6664000 usd
CY2023Q3 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
20801000 usd
CY2023Q3 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
58775000 usd
CY2023Q3 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
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