$RAVE
RAVE RESTAURANT GROUP, INC.

2024 Q3 Form 10-K Financial Statement

#000114036124041977 Filed on September 26, 2024

View on sec.gov

Income Statement

Concept 2024 Q3 2024 Q2 2024
Revenue $3.050M $3.355M $12.15M
YoY Change -1.26% 10.0% 2.2%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $1.399M $1.358M $5.336M
YoY Change 4.4% 9.52% -4.03%
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $23.00K $49.00K $135.0K
YoY Change -32.35% -2.0% -4.26%
% of Gross Profit
Operating Expenses $2.437M $2.235M $9.211M
YoY Change -5.18% 0.68% -5.33%
Operating Profit
YoY Change
Interest Expense $82.00K $60.00K $153.0K
YoY Change 15200.0%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income $695.0K $1.180M $3.092M
YoY Change 34.17% 42.17% 43.81%
Income Tax $169.0K $300.0K $619.0K
% Of Pretax Income 24.32% 25.42% 20.02%
Net Earnings $526.0K $880.0K $2.473M
YoY Change 36.27% 37.5% 53.32%
Net Earnings / Revenue 17.25% 26.23% 20.35%
Basic Earnings Per Share $0.04 $0.17
Diluted Earnings Per Share $0.04 $0.06 $0.17
COMMON SHARES
Basic Shares Outstanding 14.59M 14.59M 14.45M
Diluted Shares Outstanding 14.80M 14.63M

Balance Sheet

Concept 2024 Q3 2024 Q2 2024
SHORT-TERM ASSETS
Cash & Short-Term Investments $8.433M $7.831M $7.831M
YoY Change 41.97% 46.92% 46.92%
Cash & Equivalents $1.383M $2.886M $2.886M
Short-Term Investments $7.050M $4.945M $4.945M
Other Short-Term Assets $367.0K $200.0K $200.0K
YoY Change -12.62% -9.09% -9.09%
Inventory
Prepaid Expenses
Receivables $1.365M $1.411M $1.437M
Other Receivables $67.00K $68.00K $68.00K
Total Short-Term Assets $10.26M $9.536M $9.536M
YoY Change 35.11% 39.54% 39.62%
LONG-TERM ASSETS
Property, Plant & Equipment $159.0K $182.0K $999.0K
YoY Change -31.17% -29.46% -32.95%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $4.613M $4.756M $4.756M
YoY Change -11.8% -10.94% -10.94%
Total Long-Term Assets $6.029M $6.283M $6.283M
YoY Change -15.54% -15.13% -15.21%
TOTAL ASSETS
Total Short-Term Assets $10.26M $9.536M $9.536M
Total Long-Term Assets $6.029M $6.283M $6.283M
Total Assets $16.29M $15.82M $15.82M
YoY Change 10.56% 11.11% 11.09%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $443.0K $359.0K $359.0K
YoY Change -23.62% -28.2% -28.2%
Accrued Expenses $974.0K $915.0K $1.317M
YoY Change -16.89% 2.81% -2.44%
Deferred Revenue $198.0K $343.0K
YoY Change -10.81% 0.29%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $1.998M $2.019M $2.019M
YoY Change -17.54% -8.14% -8.23%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $986.0K $1.098M $1.098M
YoY Change -32.0% -33.45% -33.45%
Total Long-Term Liabilities $986.0K $1.098M $1.098M
YoY Change -32.0% -33.45% -33.45%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.998M $2.019M $2.019M
Total Long-Term Liabilities $986.0K $1.098M $1.098M
Total Liabilities $2.984M $3.117M $3.117M
YoY Change -22.95% -18.95% -19.04%
SHAREHOLDERS EQUITY
Retained Earnings $5.438M $4.912M
YoY Change 92.5% 101.39%
Common Stock $37.89M $37.82M
YoY Change -0.44% -0.43%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $13.30M $12.70M $12.70M
YoY Change
Total Liabilities & Shareholders Equity $16.29M $15.82M $15.82M
YoY Change 10.56% 11.11% 11.09%

Cashflow Statement

Concept 2024 Q3 2024 Q2 2024
OPERATING ACTIVITIES
Net Income $526.0K $880.0K $2.473M
YoY Change 36.27% 37.5% 53.32%
Depreciation, Depletion And Amortization $23.00K $49.00K $135.0K
YoY Change -32.35% -2.0% -4.26%
Cash From Operating Activities $520.0K $1.409M $2.740M
YoY Change -17.2% 0.64% 4.22%
INVESTING ACTIVITIES
Capital Expenditures $0.00 $8.000K $76.00K
YoY Change -100.0% -84.0% 16.92%
Acquisitions
YoY Change
Other Investing Activities -$2.023M -$4.833M -$4.787M
YoY Change -10215.0% -4127.5% -2275.91%
Cash From Investing Activities -$2.023M -$4.841M -$4.871M
YoY Change 16758.33% -8168.33% 32373.33%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $0.00
YoY Change -100.0%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 0.000 -311.0K
YoY Change -93.79%
NET CHANGE
Cash From Operating Activities 520.0K 1.409M 2.740M
Cash From Investing Activities -2.023M -4.841M -4.871M
Cash From Financing Activities 0.000 -311.0K
Net Change In Cash -1.503M -3.432M -2.442M
YoY Change -343.99% -335.07% 1.96%
FREE CASH FLOW
Cash From Operating Activities $520.0K $1.409M $2.740M
Capital Expenditures $0.00 $8.000K $76.00K
Free Cash Flow $520.0K $1.401M $2.664M
YoY Change -14.19% 3.78% 3.9%

Facts In Submission

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CY2024 dei Entity Registrant Name
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RAVE RESTAURANT GROUP, INC.
CY2024 dei Entity Incorporation State Country Code
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MO
CY2024 dei Entity Address Address Line1
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3551 Plano Parkway
CY2024 dei Entity Address City Or Town
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The Colony
CY2024 dei Entity Address State Or Province
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TX
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RAVE RESTAURANT GROUP, INC.
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MO
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3551 Plano Parkway
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The Colony
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TX
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75056
CY2024 dei City Area Code
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469
CY2024 dei Local Phone Number
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384-5000
CY2024 dei Security12b Title
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Common Stock, $0.01 par value
CY2024 dei Trading Symbol
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RAVE
CY2024 dei Security Exchange Name
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NASDAQ
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Whitley Penn LLP
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Whitley Penn LLP
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CY2023 us-gaap Increase Decrease In Contract With Customer Liability
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CY2023 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
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PaymentsToAcquireShortTermInvestments
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ProceedsFromMaturitiesPrepaymentsAndCallsOfShorttermInvestments
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ProceedsFromMaturitiesPrepaymentsAndCallsOfShorttermInvestments
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CY2024 rave Taxes Paid On Issuance Of Restricted Stock Units
TaxesPaidOnIssuanceOfRestrictedStockUnits
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CY2023 rave Taxes Paid On Issuance Of Restricted Stock Units
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CY2023 us-gaap Net Cash Provided By Used In Financing Activities
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<div style="text-align: justify; color: rgb(0, 0, 0); font-style: italic; font-weight: bold; font-family: 'Times New Roman'; font-size: 10pt;">Concentration of Credit Risk:</div> <div style="font-family: 'Times New Roman'; font-size: 10pt;"><br/> </div> <div style="display:none;"><br/></div> <div style="text-align: justify; text-indent: 36pt; color: rgb(0, 0, 0); font-family: 'Times New Roman'; font-size: 10pt;">Financial instruments, which potentially subject the Company to concentrations of credit risk, consist primarily of cash and cash equivalents. Balances in accounts are insured up to Federal Deposit Insurance Corporation (“FDIC”) limits of $250 thousand per institution. At June 30, 2024 and June 25, 2023, the Company had cash and cash equivalent balances in excess of FDIC insurance coverage of approximately $2.4 million and $5.1 million, respectively. We do not believe we are exposed to any significant credit risk on cash and cash equivalents.</div> <div style="display:none;"><br/></div> <div style="text-align: justify; text-indent: 36pt; color: rgb(0, 0, 0); font-family: 'Times New Roman'; font-size: 10pt;"> <br/> </div> <div style="display:none;"><br/></div> <div style="text-align: justify; text-indent: 36pt; color: rgb(0, 0, 0); font-family: 'Times New Roman'; font-size: 10pt;">The Company invests in U.S. Treasury bills, which are considered short term investments. While U.S. Treasury bills are not insured by the FDIC, they are backed by the full faith and credit of the United States government. As a result, the Company believes the credit risk associated with these investments is minimal.</div> <div style="font-family: 'Times New Roman'; font-size: 10pt;"><br/> </div> <div style="display:none;"><br/></div> <div style="text-align: justify; text-indent: 36pt; color: rgb(0, 0, 0); font-family: 'Times New Roman'; font-size: 10pt;">Notes receivable, which potentially subject the Company to concentrations of credit risk, consist primarily of promissory notes from franchise agreements and structured Company-financed sales of assets.  At June 30, 2024 and June 25, 2023, and at various times during the fiscal years then ended, the Company had concentrations of credit risk with four franchisees on notes receivables with both short and long term maturities.  As of June 30, 2024, the Company had one short term notes receivable and three long term notes receivable with four franchisees. The financed asset sales were executed with a weighted average interest rate of 4.8%. Principal payments are due monthly and mature from January 1, 2025 to January 1, 2027.</div>
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CY2023 us-gaap Depreciation
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CY2023 us-gaap Amortization Of Intangible Assets
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CY2023Q2 us-gaap Accrued Salaries Current
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CY2023Q2 us-gaap Accrued Professional Fees Current
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CY2023Q2 us-gaap Other Accrued Liabilities Current
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CY2024Q2 us-gaap Accrued Liabilities Current
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CY2023Q2 us-gaap Accrued Liabilities Current
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CY2024 rave Employee Retention Credit Received
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CY2024Q2 rave Employee Retention Credit Receivable
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CY2024 us-gaap Current Federal Tax Expense Benefit
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CY2023 us-gaap Current Federal Tax Expense Benefit
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CY2024 us-gaap Current Federal State And Local Tax Expense Benefit
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CY2023 us-gaap Current Federal State And Local Tax Expense Benefit
CurrentFederalStateAndLocalTaxExpenseBenefit
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CY2024 us-gaap Depreciation
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CY2023 us-gaap Depreciation
Depreciation
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CY2024Q2 us-gaap Finite Lived Intangible Assets Gross
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CY2024Q2 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
443000
CY2024Q2 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
252000
CY2023Q2 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
687000
CY2023Q2 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
359000
CY2023Q2 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
328000
CY2024 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
84000
CY2023 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
73000
CY2024Q2 us-gaap Accrued Salaries Current
AccruedSalariesCurrent
771000
CY2023Q2 us-gaap Accrued Salaries Current
AccruedSalariesCurrent
776000
CY2024Q2 us-gaap Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
127000
CY2023Q2 us-gaap Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
93000
CY2024Q2 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
17000
CY2024Q2 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
915000
CY2023Q2 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
890000
CY2022 rave Employee Retention Credit
EmployeeRetentionCredit
700000
CY2024 rave Employee Retention Credit Received
EmployeeRetentionCreditReceived
600000
CY2024Q2 rave Employee Retention Credit Receivable
EmployeeRetentionCreditReceivable
100000
CY2024 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
0
CY2023 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
0
CY2024 us-gaap Current Federal State And Local Tax Expense Benefit
CurrentFederalStateAndLocalTaxExpenseBenefit
33000
CY2023 us-gaap Current Federal State And Local Tax Expense Benefit
CurrentFederalStateAndLocalTaxExpenseBenefit
107000
CY2024 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
530000
CY2023 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
394000
CY2024 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
56000
CY2023 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
36000
CY2024 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
619000
CY2023 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
537000
CY2023 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21
CY2024 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21
CY2024 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
649000
CY2023 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
452000
CY2024 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
82000
CY2023 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
119000
CY2024 rave Effective Income Tax Rate Reconciliation Permanent Adjustments Amount
EffectiveIncomeTaxRateReconciliationPermanentAdjustmentsAmount
-128000
CY2023 rave Effective Income Tax Rate Reconciliation Permanent Adjustments Amount
EffectiveIncomeTaxRateReconciliationPermanentAdjustmentsAmount
7000
CY2024 rave Effective Income Tax Rate Reconciliation Return To Provision Amount
EffectiveIncomeTaxRateReconciliationReturnToProvisionAmount
16000
CY2023 rave Effective Income Tax Rate Reconciliation Return To Provision Amount
EffectiveIncomeTaxRateReconciliationReturnToProvisionAmount
-49000
CY2024 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
0
CY2024 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
530000
CY2023 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
394000
CY2024 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
56000
CY2023 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
36000
CY2024 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
619000
CY2023 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
537000
CY2023 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21
CY2024 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21
CY2024 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
649000
CY2023 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
452000
CY2024 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
82000
CY2023 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
119000
CY2024 rave Effective Income Tax Rate Reconciliation Permanent Adjustments Amount
EffectiveIncomeTaxRateReconciliationPermanentAdjustmentsAmount
-128000
CY2023 rave Effective Income Tax Rate Reconciliation Permanent Adjustments Amount
EffectiveIncomeTaxRateReconciliationPermanentAdjustmentsAmount
7000
CY2024 rave Effective Income Tax Rate Reconciliation Return To Provision Amount
EffectiveIncomeTaxRateReconciliationReturnToProvisionAmount
16000
CY2023 rave Effective Income Tax Rate Reconciliation Return To Provision Amount
EffectiveIncomeTaxRateReconciliationReturnToProvisionAmount
-49000
CY2024 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
0
CY2023 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
8000
CY2024 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
619000
CY2023 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
537000
CY2024Q2 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Allowance For Doubtful Accounts
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAllowanceForDoubtfulAccounts
13000
CY2023Q2 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Allowance For Doubtful Accounts
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAllowanceForDoubtfulAccounts
13000
CY2024Q2 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Deferred Rent
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsDeferredRent
58000
CY2023Q2 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Deferred Rent
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsDeferredRent
49000
CY2024Q2 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Other
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsOther
475000
CY2023Q2 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Other
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsOther
619000
CY2024Q2 rave Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Operating Lease Liability
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsOperatingLeaseLiability
222000
CY2023Q2 rave Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Operating Lease Liability
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsOperatingLeaseLiability
330000
CY2024Q2 us-gaap Deferred Tax Assets Tax Credit Carryforwards
DeferredTaxAssetsTaxCreditCarryforwards
156000
CY2023Q2 us-gaap Deferred Tax Assets Tax Credit Carryforwards
DeferredTaxAssetsTaxCreditCarryforwards
156000
CY2024Q2 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
4057000
CY2023Q2 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
4521000
CY2024Q2 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
4981000
CY2023Q2 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
5688000
CY2024Q2 rave Deferred Tax Liabilities Right Of Use Asset
DeferredTaxLiabilitiesRightOfUseAsset
190000
CY2023 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
8000
CY2024 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
619000
CY2023 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
537000
CY2024Q2 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Allowance For Doubtful Accounts
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAllowanceForDoubtfulAccounts
13000
CY2023Q2 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Allowance For Doubtful Accounts
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAllowanceForDoubtfulAccounts
13000
CY2024Q2 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Deferred Rent
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsDeferredRent
58000
CY2023Q2 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Deferred Rent
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsDeferredRent
49000
CY2024Q2 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Other
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsOther
475000
CY2023Q2 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Other
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsOther
619000
CY2024Q2 rave Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Operating Lease Liability
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsOperatingLeaseLiability
222000
CY2023Q2 rave Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Operating Lease Liability
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsOperatingLeaseLiability
330000
CY2024Q2 us-gaap Deferred Tax Assets Tax Credit Carryforwards
DeferredTaxAssetsTaxCreditCarryforwards
156000
CY2023Q2 us-gaap Deferred Tax Assets Tax Credit Carryforwards
DeferredTaxAssetsTaxCreditCarryforwards
156000
CY2024Q2 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
4057000
CY2023Q2 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
4521000
CY2024Q2 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
4981000
CY2023Q2 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
5688000
CY2024Q2 rave Deferred Tax Liabilities Right Of Use Asset
DeferredTaxLiabilitiesRightOfUseAsset
190000
CY2023Q2 rave Deferred Tax Liabilities Right Of Use Asset
DeferredTaxLiabilitiesRightOfUseAsset
285000
CY2024Q2 us-gaap Deferred Tax Liabilities Other
DeferredTaxLiabilitiesOther
35000
CY2023Q2 us-gaap Deferred Tax Liabilities Other
DeferredTaxLiabilitiesOther
61000
CY2024Q2 us-gaap Deferred Tax Liabilities Deferred Expense
DeferredTaxLiabilitiesDeferredExpense
225000
CY2023Q2 us-gaap Deferred Tax Liabilities Deferred Expense
DeferredTaxLiabilitiesDeferredExpense
346000
CY2024Q2 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
4756000
CY2023Q2 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
5342000
CY2024Q2 us-gaap Operating Loss Carryforwards
OperatingLossCarryforwards
18900000
CY2024 rave Tax Cuts And Jobs Act Operating Loss Carryforwards Amount Limited With No Expiration
TaxCutsAndJobsActOperatingLossCarryforwardsAmountLimitedWithNoExpiration
1300000
CY2024 rave Tax Cuts And Jobs Act Operating Loss Carryforwards Percentage Limitations On Use
TaxCutsAndJobsActOperatingLossCarryforwardsPercentageLimitationsOnUse
0.80
CY2023Q2 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
0
CY2024Q2 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
0
CY2024Q2 rave Guaranteed Leases Future Minimum Payments Due Next Twelve Months
GuaranteedLeasesFutureMinimumPaymentsDueNextTwelveMonths
252000
CY2024Q2 rave Guaranteed Leases Future Minimum Payments Due Year Two
GuaranteedLeasesFutureMinimumPaymentsDueYearTwo
108000
CY2024Q2 rave Guaranteed Leases Future Minimum Payments Due Year Three
GuaranteedLeasesFutureMinimumPaymentsDueYearThree
87000
CY2024Q2 rave Guaranteed Leases Future Minimum Payments Due Year Four
GuaranteedLeasesFutureMinimumPaymentsDueYearFour
87000
CY2024Q2 rave Guaranteed Leases Future Minimum Payments Due
GuaranteedLeasesFutureMinimumPaymentsDue
534000
CY2024 us-gaap Operating Lease Cost
OperatingLeaseCost
447000
CY2023 us-gaap Operating Lease Cost
OperatingLeaseCost
494000
CY2024 us-gaap Sublease Income
SubleaseIncome
131000
CY2023 us-gaap Sublease Income
SubleaseIncome
186000
CY2024 us-gaap Lease Cost
LeaseCost
316000
CY2023 us-gaap Lease Cost
LeaseCost
308000
CY2024 us-gaap Operating Lease Payments
OperatingLeasePayments
511000
CY2023 us-gaap Operating Lease Payments
OperatingLeasePayments
558000
CY2024Q2 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P1Y6M
CY2023Q2 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P2Y1M6D
CY2024Q2 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.04
CY2023Q2 rave Deferred Tax Liabilities Right Of Use Asset
DeferredTaxLiabilitiesRightOfUseAsset
285000
CY2024Q2 us-gaap Deferred Tax Liabilities Other
DeferredTaxLiabilitiesOther
35000
CY2023Q2 us-gaap Deferred Tax Liabilities Other
DeferredTaxLiabilitiesOther
61000
CY2024Q2 us-gaap Deferred Tax Liabilities Deferred Expense
DeferredTaxLiabilitiesDeferredExpense
225000
CY2023Q2 us-gaap Deferred Tax Liabilities Deferred Expense
DeferredTaxLiabilitiesDeferredExpense
346000
CY2024Q2 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
4756000
CY2023Q2 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
5342000
CY2024Q2 us-gaap Operating Loss Carryforwards
OperatingLossCarryforwards
18900000
CY2024 rave Tax Cuts And Jobs Act Operating Loss Carryforwards Amount Limited With No Expiration
TaxCutsAndJobsActOperatingLossCarryforwardsAmountLimitedWithNoExpiration
1300000
CY2024 rave Tax Cuts And Jobs Act Operating Loss Carryforwards Percentage Limitations On Use
TaxCutsAndJobsActOperatingLossCarryforwardsPercentageLimitationsOnUse
0.80
CY2023Q2 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
0
CY2024Q2 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
0
CY2024Q2 rave Available Area For Lease
AvailableAreaForLease
19576
CY2024 rave Lease Amount Per Square Foot
LeaseAmountPerSquareFoot
18
CY2024Q2 rave Guaranteed Leases Future Minimum Payments Due Next Twelve Months
GuaranteedLeasesFutureMinimumPaymentsDueNextTwelveMonths
252000
CY2024Q2 rave Guaranteed Leases Future Minimum Payments Due Year Two
GuaranteedLeasesFutureMinimumPaymentsDueYearTwo
108000
CY2024Q2 rave Guaranteed Leases Future Minimum Payments Due Year Three
GuaranteedLeasesFutureMinimumPaymentsDueYearThree
87000
CY2024Q2 rave Guaranteed Leases Future Minimum Payments Due Year Four
GuaranteedLeasesFutureMinimumPaymentsDueYearFour
87000
CY2024Q2 rave Guaranteed Leases Future Minimum Payments Due
GuaranteedLeasesFutureMinimumPaymentsDue
534000
CY2024 us-gaap Operating Lease Cost
OperatingLeaseCost
447000
CY2023 us-gaap Operating Lease Cost
OperatingLeaseCost
494000
CY2024 us-gaap Sublease Income
SubleaseIncome
131000
CY2023 us-gaap Sublease Income
SubleaseIncome
186000
CY2024 us-gaap Lease Cost
LeaseCost
316000
CY2023 us-gaap Lease Cost
LeaseCost
308000
CY2024 us-gaap Operating Lease Payments
OperatingLeasePayments
511000
CY2023 us-gaap Operating Lease Payments
OperatingLeasePayments
558000
CY2024Q2 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P1Y6M
CY2023Q2 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P2Y1M6D
CY2024Q2 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.04
CY2023Q2 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.04
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
433000
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
382000
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
191000
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
1006000
CY2024Q2 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
49000
CY2024Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
957000
CY2024Q2 rave Future Minimum Sublease Rental Sale Leaseback Transactions Within One Year
FutureMinimumSubleaseRentalSaleLeasebackTransactionsWithinOneYear
53000
CY2024Q2 rave Future Minimum Sublease Rental Sale Leaseback Transactions
FutureMinimumSubleaseRentalSaleLeasebackTransactions
53000
CY2024 us-gaap Deferred Compensation Arrangement With Individual Requisite Service Period1
DeferredCompensationArrangementWithIndividualRequisiteServicePeriod1
P3M
CY2024 rave Defined Contribution Plan Minimum Age Limit For Eligibility To Participate In Plan
DefinedContributionPlanMinimumAgeLimitForEligibilityToParticipateInPlan
P21Y
CY2024 us-gaap Defined Contribution Plan Employer Discretionary Contribution Amount
DefinedContributionPlanEmployerDiscretionaryContributionAmount
21000
CY2023 us-gaap Defined Contribution Plan Employer Discretionary Contribution Amount
DefinedContributionPlanEmployerDiscretionaryContributionAmount
24000
CY2023Q2 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.04
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
433000
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
382000
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
191000
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
1006000
CY2024Q2 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
49000
CY2024Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
957000
CY2024Q2 rave Future Minimum Sublease Rental Sale Leaseback Transactions Within One Year
FutureMinimumSubleaseRentalSaleLeasebackTransactionsWithinOneYear
53000
CY2024Q2 rave Future Minimum Sublease Rental Sale Leaseback Transactions
FutureMinimumSubleaseRentalSaleLeasebackTransactions
53000
CY2024 us-gaap Deferred Compensation Arrangement With Individual Requisite Service Period1
DeferredCompensationArrangementWithIndividualRequisiteServicePeriod1
P3M
CY2024 rave Defined Contribution Plan Minimum Age Limit For Eligibility To Participate In Plan
DefinedContributionPlanMinimumAgeLimitForEligibilityToParticipateInPlan
P21Y
CY2024 us-gaap Defined Contribution Plan Employer Discretionary Contribution Amount
DefinedContributionPlanEmployerDiscretionaryContributionAmount
21000
CY2023 us-gaap Defined Contribution Plan Employer Discretionary Contribution Amount
DefinedContributionPlanEmployerDiscretionaryContributionAmount
24000
CY2023Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExercisePrice
1.06
CY2023 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.029
CY2023 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0
CY2023 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.796
CY2024 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P0Y
CY2023 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P5Y6M
CY2023Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExercisePrice
1.06
CY2023 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.029
CY2023 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0
CY2023 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.796
CY2024 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P0Y
CY2023 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P5Y6M
CY2024 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
2473000
CY2023 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
1613000
CY2024 rave Adjusted Net Income Loss
AdjustedNetIncomeLoss
2473000
CY2023 rave Adjusted Net Income Loss
AdjustedNetIncomeLoss
1613000
CY2024 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
14446000
CY2023 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
15323000
CY2024 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.17
CY2023 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.11
CY2024 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
2473000
CY2023 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
1613000
CY2024 rave Adjusted Net Income Loss
AdjustedNetIncomeLoss
2473000
CY2023 rave Adjusted Net Income Loss
AdjustedNetIncomeLoss
1613000
CY2024 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
14446000
CY2023 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
15323000
CY2024 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.17
CY2023 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.11
CY2024 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
14446000
CY2023 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
15323000
CY2024 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
184000
CY2023 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
588000
CY2024 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
14630000
CY2023 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
15911000
CY2024 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.17
CY2023 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.1
CY2024 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
3
CY2024 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
3
CY2024 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
12150000
CY2023 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
11889000
CY2024 us-gaap Depreciation And Amortization
DepreciationAndAmortization
219000
CY2023 us-gaap Depreciation And Amortization
DepreciationAndAmortization
214000
CY2024 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
3092000
CY2023 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
2150000
CY2024 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
14446000
CY2023 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
15323000
CY2024 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
184000
CY2023 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
588000
CY2024 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
14630000
CY2023 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
15911000
CY2024 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.17
CY2023 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.1
CY2024 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
3
CY2024 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
3
CY2024 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
12150000
CY2023 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
11889000
CY2024 us-gaap Depreciation And Amortization
DepreciationAndAmortization
219000
CY2023 us-gaap Depreciation And Amortization
DepreciationAndAmortization
214000
CY2024 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
3092000
CY2023 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
2150000

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