Good Times Restaurants (GTIM) 10-Q 14 Feb 14 2014 Q1 Quarterly report Financial data

Document_and_Entity_Informatio

Document and Entity Information	3 Months Ended
	Dec. 31, 2013	Feb. 12, 2014
Document and Entity Information [Abstract]	'	'
Document Type	'10-Q	'
Amendment Flag	'false	'
Document Period End Date	31-Dec-13	'
Document Fiscal Year Focus	'2014	'
Document Fiscal Period Focus	'Q1	'
Trading Symbol	'GTIM	'
Entity Registrant Name	'GOOD TIMES RESTAURANTS INC	'
Entity Central Index Key	'0000825324	'
Current Fiscal Year End Date	'--09-30	'
Entity Filer Category	'Smaller Reporting Company	'
Entity Common Stock, Shares Outstanding	'	5,105,114

CONDENSED_CONSOLIDATED_BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS (USD $)	Dec. 31, 2013	Sep. 30, 2013
CURRENT ASSETS:	'	'
Cash and cash equivalents	$5,206,000	$6,143,000
Receivables, net of allowance for doubtful accounts of $0	72,000	193,000
Prepaid expenses and other	107,000	106,000
Inventories	205,000	184,000
Notes receivable	11,000	15,000
Total current assets	5,601,000	6,641,000
PROPERTY, EQUIPMENT AND CAPITAL LEASES	'	'
Land and building	4,692,000	4,628,000
Leasehold improvements	3,589,000	3,247,000
Fixtures and equipment	7,777,000	7,420,000
Property, Plant and Equipment, Gross, Total	16,058,000	15,295,000
Less accumulated depreciation and amortization	-12,582,000	-12,444,000
Property, Plant and Equipment, Net, Total	3,476,000	2,851,000
OTHER ASSETS:	'	'
Investment in affiliate	576,000	273,000
Goodwill	96,000	96,000
Deposits and other assets	43,000	14,000
Other Assets, Noncurrent, Total	715,000	383,000
TOTAL ASSETS	9,792,000	9,875,000
CURRENT LIABILITIES:	'	'
Current maturities of long-term debt and capital lease obligations	45,000	44,000
Accounts payable	750,000	701,000
Deferred income	54,000	79,000
Other accrued liabilities	1,099,000	983,000
Total current liabilities	1,948,000	1,807,000
LONG-TERM LIABILITIES:	'	'
Capital lease obligations due after one year	66,000	74,000
Long-term debt due after one year	17,000	20,000
Deferred and other liabilities	650,000	653,000
Total long-term liabilities	733,000	747,000
Good Times Restaurants Inc stockholders' equity:	'	'
Preferred stock, $.01 par value; 5,000,000 shares authorized, 355,451 issued and outstanding as of December 31, 2013 and 2012 (liquidation preference $1,500,000)	4,000	4,000
Common stock, $.001 par value; 50,000,000 shares authorized, 4,926,214 shares issued and outstanding as of December 31, 2013 and September 30, 2013	5,000	5,000
Capital contributed in excess of par value	26,356,000	26,334,000
Accumulated deficit	-19,517,000	-19,264,000
Total Good Times Restaurants Inc stockholders' equity	6,848,000	7,079,000
Non-controlling interest in partnerships	263,000	242,000
Total stockholders' equity	7,111,000	7,321,000
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	$9,792,000	$9,875,000

CONDENSED_CONSOLIDATED_BALANCE1

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) (USD $)	Dec. 31, 2013	Sep. 30, 2013
CONDENSED CONSOLIDATED BALANCE SHEETS [Abstract]	'	'
Receivables, allowance for doubtful accounts	$0	$0
Preferred stock, par value	$0.01	$0.01
Preferred stock, shares authorized	5,000,000	5,000,000
Preferred stock, issued	355,451	355,451
Preferred stock, outstanding	355,451	355,451
Preferred stock, liquidation preference	$1,500,000	$1,500,000
Common stock, par value	$0.00	$0.00
Common stock, shares authorized	50,000,000	50,000,000
Common stock, shares issued	4,926,214	4,926,214
Common stock, shares outstanding	4,926,214	4,926,214

CONDENSED_CONSOLIDATED_STATEME

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)	3 Months Ended
	Dec. 31, 2013	Dec. 31, 2012
NET REVENUES:	'	'
Restaurant sales	$5,906,000	$4,722,000
Franchise royalties	82,000	95,000
Total net revenues	5,988,000	4,817,000
RESTAURANT OPERATING COSTS:	'	'
Food and packaging costs	1,939,000	1,600,000
Payroll and other employee benefit costs	1,982,000	1,738,000
Restaurant occupancy and other operating costs	1,104,000	969,000
Preopening costs	148,000	0
Depreciation and amortization	143,000	202,000
Total restaurant operating costs	5,316,000	4,509,000
General and administrative costs	508,000	386,000
Advertising costs	234,000	210,000
Franchise costs	22,000	15,000
Gain on restaurant asset sale	-6,000	-6,000
Loss From Operations	-86,000	-297,000
Other Income (Expenses):	'	'
Interest expense, net	2,000	-32,000
Affiliate investment loss	-72,000	0
Other income (expense)	-3,000	-1,000
Total other expenses, net	-73,000	-33,000
NET LOSS	-159,000	-330,000
Income attributable to non-controlling interests	-64,000	-10,000
NET LOSS ATTRIBUTABLE TO GOOD TIMES RESTAURANTS, INC	-223,000	-340,000
Preferred stock dividends	-30,000	-30,000
NET LOSS ATTRIBUTABLE TO COMMON SHAREHOLDERS	($253,000)	($370,000)
BASIC AND DILUTED LOSS PER SHARE:	'	'
Net loss attributable to Common Shareholders	($0.05)	($0.14)
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING	'	'
Basic	4,926,214	2,726,214
Diluted	'	'

CONDENSED_CONSOLIDATED_STATEME1

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)	3 Months Ended
	Dec. 31, 2013	Dec. 31, 2012
CASH FLOWS FROM OPERATING ACTIVITIES:	'	'
Net loss	($159,000)	($330,000)
Adjustments to reconcile net loss to net cash used in operating activities:	'	'
Depreciation and amortization	143,000	202,000
Accretion of deferred rent	7,000	8,000
Amortization of debt issuance costs	0	6,000
Stock based compensation expense	32,000	24,000
Affiliate investment loss	72,000	0
Recognition of deferred gain on sale of restaurant building	-6,000	-6,000
(Increase) decrease in:	'	'
Receivables and other	109,000	16,000
Inventories	-21,000	-24,000
Deposits and other	16,000	5,000
(Decrease) increase in:	'	'
Accounts payable	49,000	-10,000
Accrued liabilities and deferred income	53,000	83,000
Net cash provided by (used in) operating activities	295,000	-26,000
CASH FLOWS FROM INVESTING ACTIVITIES:	'	'
Investment in affiliate	-375,000	0
Proceeds from sale leaseback transactions	0	1,377,000
Payments for the purchase of property and equipment	-768,000	-1,482,000
Payments received from franchisees and to others	4,000	1,000
Net cash used in investing activities	-1,139,000	-104,000
CASH FLOWS FROM FINANCING ACTIVITIES:	'	'
Proceeds from preferred stock sale	0	1,500,000
Expenses related to stock sale	-10,000	0
Principal payments on notes payable and long-term debt	-10,000	-1,020,000
Preferred dividends paid	-30,000	0
Net distributions paid to non-controlling interests	-43,000	-3,000
Net cash provided by (used in) financing activities	-93,000	477,000
NET CHANGE IN CASH AND CASH EQUIVALENTS	-937,000	347,000
CASH AND CASH EQUIVALENTS, beginning of period	6,143,000	616,000
CASH AND CASH EQUIVALENTS, end of period	5,206,000	963,000
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION:	'	'
Cash paid for interest	2,000	33,000
Non-cash Purchase of property and equipment	0	600,000
Preferred dividends declared	$30,000	$30,000

Basis_of_Presentation

Basis of Presentation	3 Months Ended
	Dec. 31, 2013
Basis of Presentation [Abstract]	'
Basis of Presentation	'
	Note 1.
	Basis of Presentation
	In the opinion of management, the accompanying unaudited condensed consolidated financial statements contain all of the normal recurring adjustments necessary to present fairly the financial position of the Company as of December 31, 2013 and the results of its operations and its cash flows for the three month period ended December 31, 2013. Operating results for the three month period ended December 31, 2013 are not necessarily indicative of the results that may be expected for the year ending September 30, 2014. The condensed consolidated balance sheet as of September 30, 2013 is derived from the audited financial statements, but does not include all disclosures required by generally accepted accounting principles.  As a result, these condensed consolidated financial statements should be read in conjunction with the Company's Form 10-K for the fiscal year ended September 30, 2013.
	The accompanying unaudited condensed consolidated financial statements include the accounts of Good Times Restaurants Inc and its wholly-owned subsidiaries, Good Times Drive Thru Inc and BD of Colorado, LLC, as of December 31, 2013. All significant intercompany balances and transactions have been eliminated in consolidation.
	Reclassification - Certain prior year balances have been reclassified to conform to the current year's presentation.  Such reclassifications had no effect on the net income or loss.

Recent_Developments

Recent Developments	3 Months Ended
	Dec. 31, 2013
Recent Developments [Abstract]	'
Recent Developments	'
	Note 2.
	Recent Developments
	We have one Bad Daddy's Burger Bar restaurant in Denver, Colorado which opened on February 3, 2014 and one additional lease signed for a Bad Daddy's Burger Bar restaurant in Thornton, Colorado expected to open in July 2014.We are negotiating additional Bad Daddy's leases for development in 2014 and 2015. The $148,000 of preopening costs in the accompanying condensed consolidated statements of operations are all related to the initial Bad Daddy's restaurants being developed by BD of Colorado, LLC.
	In October 2013 Bill McClintock was hired as the Vice President of Franchise Development for Bad Daddy's Franchise Development, LLC (BDFD) to develop a national franchise program to multi-unit operators for Bad Daddy's.  Mr. McClintock is the former Vice President of Franchising and Real Estate for Buffalo Wild Wings and McCallister's Deli. BDFD is a 48% owned affiliate of the Company.

StockBased_Compensation

Stock-Based Compensation	3 Months Ended
	Dec. 31, 2013
Stock-Based Compensation [Abstract]	'
Stock-Based Compensation	'
	Note 3.
	Stock-Based Compensation
	Stock-based compensation is measured at the grant date, based on the calculated fair value of the award, and is recognized as an expense over the requisite employee service period (generally the vesting period of the grant).
	The Company measures the compensation cost associated with share-based payments by estimating the fair value of stock options as of the grant date using the Black-Scholes option pricing model. The Company believes that the valuation technique and the approach utilized to develop the underlying assumptions are appropriate in calculating the fair values of the Company's stock options granted during all years presented. Estimates of fair value are not intended to predict actual future events or the value ultimately realized by the employees who receive equity awards.
	Our net loss for the three months ended December 31, 2013 and December 31, 2012 includes $32,000 and $24,000, respectively, of compensation costs related to our stock-based compensation arrangements.
	During the fiscal year ended September 30, 2013, the Company granted a total of 47,000 non-statutory stock options with exercise prices ranging from $2.31 to $2.44 and per-share weighted average fair values ranging from $1.96 to $2.09. In addition the Company granted a total of 110,421 incentive stock options with an exercise price of $2.31 and a per-share weighted average fair values of $1.96.
	During the three months ended December 31, 2013, we granted 89,500 non-statutory stock options with an exercise price of $2.48 and a per-share weighted average fair value of $2.12.
	In addition to the exercise and grant date prices of the awards, certain weighted average assumptions that were used to estimate the fair value of stock option grants are listed in the following table:
		Fiscal 2013	Fiscal 2013	Fiscal 2014
		Incentive Stock	Non-Statutory Stock	Incentive
		Options	Options	Stock Options
	Expected term (years)	6.5	6.4 to 7.1	6.5
	Expected volatility	110.50%	106% to 112.3%	112.11%
	Risk-free interest rate	1.13%	1.28% to 1.84%	1.94%
	Expected dividends	0	0	0
	We estimate expected volatility based on historical weekly price changes of our common stock for a period equal to the current expected term of the options. The risk-free interest rate is based on the United States treasury yields in effect at the time of grant corresponding with the expected term of the options. The expected option term is the number of years we estimate that options will be outstanding prior to exercise considering vesting schedules and our historical exercise patterns.
	A summary of stock option activity under our share-based compensation plan for the three months ended December 31, 2013 is presented in the following table:
		Options	Weighted	Weighted Average	Aggregate
			Average	Remaining	Intrinsic Value
			Exercise Price	Contractual Life (Yrs.)
	Outstanding-beg of year	324,854	$
			4.35
	Granted	89,500	$
			2.48
	Exercised	0
	Forfeited	0
	Expired	-7,117	$
			10.8
	Outstanding Dec 31, 2013	407,237	$	7.8	$
			3.82		116,000
	Exercisable Dec 31, 2013	207,316	$	6.3	$
			5.21		90,000
	As of December 31, 2013, the total remaining unrecognized compensation cost related to unvested stock-based arrangements was $323,000 and is expected to be recognized over a period of 2.9 years.
	There were no stock options exercised during the three months ended December 31, 2013.

Warrants

Warrants	3 Months Ended
	Dec. 31, 2013
Warrants [Abstract]	'
Warrants	'
	Note 4.
	Warrants
	In connection with the public offering in August 2013 we issued 2,200,000 warrants to purchase 2,200,000 shares of our common stock ("A Warrants") and an additional 2,200,000 warrants to purchase 1,100,000 shares of our common stock ("B Warrants"). Each A Warrant is exercisable on or before August 16, 2018 for one share of common stock at an exercise price of $2.75 per share and two B Warrants are exercisable on or before May 16, 2014 for one share of common stock at an exercise price of $2.50 per share.
	A summary of warrant activity for the three months ended December 31, 2013 is presented in the following table:
		Number of Shares	Weighted Average
			Exercise Price Per Share
	Outstanding-beg of year	3,795,000	$2.67
	Issued	-	-
	Exercised	-	-
	Outstanding and exercisable at Dec 31, 2013	3,795,000	$2.67

Comprehensive_Income_Loss

Comprehensive Income (Loss)	3 Months Ended
	Dec. 31, 2013
Comprehensive Income (Loss) [Abstract]	'
Comprehensive Income (Loss)	'
	Note 5.
	Comprehensive Income (Loss)
	Comprehensive income includes net income or loss, changes in certain assets and liabilities that are reported directly in equity such as adjustments resulting from unrealized gains or losses on held-to-maturity investments and certain hedging transactions. The Company's comprehensive loss is equal to its net loss.

Contingent_Liabilities_and_Liq

Contingent Liabilities and Liquidity	3 Months Ended
	Dec. 31, 2013
Contingent Liabilities and Liquidity [Abstract]	'
Contingent Liabilities and Liquidity	'
	Note 6.
	Contingent Liabilities and Liquidity
	We remain contingently liable on various leases underlying restaurants that were previously sold to franchisees.  We have never experienced any losses related to these contingent lease liabilities, however if a franchisee defaults on the payments under the leases, we would be liable for the lease payments as the assignor or sublessor of the lease.  Currently we have not been notified nor are we aware of any leases in default by the franchisees, however there can be no assurance that there will not be in the future which could have a material effect on our future operating results.

Related_Party_Transactions

Related Party Transactions	3 Months Ended
	Dec. 31, 2013
Related Party Transactions [Abstract]	'
Related Party Transactions	'
	Note 7.
	Related Party Transactions
	In April 2012 the Company entered into a financial advisory services agreement with Heathcote Capital LLC pursuant to which they were to provide the Company with exclusive financial advisory services in connection with a possible strategic transaction. Gary J. Heller, a member of the Company's Board of Directors, is the principal of Heathcote Capital LLC.  Accordingly, the agreement constitutes a related party transaction and was reviewed and approved by the Audit Committee of the Company's Board of Directors. On March 25, 2013, the Company and Heathcote modified this agreement to exclude any transactions involving the Maxim Group LLC and for Heathcote to continue to provide non-exclusive financial advisory services to the Company. Total amounts paid to Heathcote Capital LLC were $27,900 and $48,600 in fiscal 2013 and fiscal 2012, respectively. On September 27, 2013, the Company and Heathcote further modified this agreement to provide for investor relations activities specifically related to the exercise of the outstanding warrants and the trading volume in the Company's stock and other corporate finance projects as determined by the CEO of the company. The modification was approved by the Audit Committee of the Company's Board of Directors. Total amounts paid to Heathcote Capital LLC for the three months ended December 31, 2013 were $30,000.
	In April 2013 the Company entered into a management services agreement with BDFD pursuant to which the Company is providing general management services as well as accounting and administrative services. Income received from the agreement by the Company is fully recognized in income and then proportionately offset by the 48% equity investment in BDFD. Total amounts received from BDFD per the management services agreement were $11,000 in fiscal 2013 and $6,000 in the three month period ended December 31, 2013. In addition to the management services the Company performed scope of work services and total amounts received from BDFD for these services were $18,000 in fiscal 2013 and $15,000 in the three month period ended December 31, 2013.

Impairment_of_LongLived_Assets

Impairment of Long-Lived Assets and Goodwill	3 Months Ended
	Dec. 31, 2013
Impairment of Long-Lived Assets and Goodwill [Abstract]	'
Impairment of Long-Lived Assets and Goodwill	'
	Note 8.
	Impairment of Long-Lived Assets and Goodwill
	Long-Lived Assets
	We review our long-lived assets for impairment, including land, property and equipment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. Recoverability of assets to be held and used is measured by a comparison of the capitalized costs of the assets to the future undiscounted net cash flows expected to be generated by the assets and the expected cash flows are based on recent historical cash flows at the restaurant level (the lowest level that cash flows can be determined).
	An analysis was performed on a restaurant by restaurant basis at December 31, 2013. Assumptions used in preparing expected cash flows were as follows:
	·
	Sales projections are as follows: Fiscal 2014 sales are projected to increase 6% with respect to fiscal 2013 and for fiscal years 2015 to 2028 we have used annual increases of 2% to 3%. The 6% increase in fiscal 2014 is due to current trends. We believe the 2% to 3% increase in the fiscal years beyond 2014 is a reasonable expectation of growth and that it would be unreasonable to expect no growth in our sales. These increases include menu price increases in addition to any real growth. Historically our weighted menu prices have increased 1.5% to 6%.
	·
	Our variable and semi-variable restaurant operating costs are projected to increase proportionately with the sales increases as well as increasing an additional 1.5% per year consistent with inflation.
	·
	Our other fixed restaurant operating costs are projected to increase 1.5% to 2% per year.
	·
	Food and packaging costs are projected to decrease approximately .5% as a percentage of sales in relation to our fiscal 2013 food and packaging costs as a result of menu price increases and other menu initiatives.
	·
	Salvage value has been estimated on a restaurant by restaurant basis considering each restaurant's particular equipment package and building size.
	Given the results of our impairment analysis at December 31, 2013 there are no restaurants which are impaired as their projected undiscounted cash flows show recoverability of their asset values.
	Our impairment analysis included a sensitivity analysis with regard to the cash flow projections that determine the recoverability of each restaurant's assets. The results indicate that even with a 15% decline in our projected cash flows we would still not have any potential impairment issues.  However if we elect to sublease, close or otherwise exit a restaurant location impairment could be required.
	Each time we conduct an impairment analysis in the future we will compare actual results to our projections and assumptions, and to the extent our actual results do not meet expectations, we will revise our assumptions and this could result in impairment charges being recognized.
	All of the judgments and assumptions made in preparing the cash flow projections are consistent with our other financial statement calculations and disclosures. The assumptions used in the cash flow projections are consistent with other forward-looking information prepared by the company, such as those used for internal budgets, discussions with third parties, and/or reporting to management or the board of directors.
	Projecting the cash flows for the impairment analysis involves significant estimates with regard to the performance of each restaurant, and it is reasonably possible that the estimates of cash flows may change in the near term resulting in the need to write down operating assets to fair value. If the assets are determined to be impaired, the amount of impairment recognized is the amount by which the carrying amount of the assets exceeds their fair value. Fair value would be determined using forecasted cash flows discounted using an estimated average cost of capital and the impairment charge would be recognized in income from operations.
	Goodwill
	As of December 31, 2013, the Company had $96,000 of goodwill related to the purchase of a franchise operation on December 31, 2012. The Company tests goodwill for impairment on an annual basis or whenever indications of impairment arise including, but not limited to, a significant decline in cash flows from store operations. Such tests could result in impairment charges. Given the results of our impairment analysis at December 31, 2013 the goodwill is not impaired.

Income_Taxes

Income Taxes	3 Months Ended
	Dec. 31, 2013
Income Taxes [Abstract]	'
Income Taxes	'
	Note 9.
	Income Taxes
	We account for income taxes using the liability method, whereby deferred tax asset and liability account balances are determined based on differences between the financial reporting and tax bases of assets and liabilities and are measured using the enacted tax rates and laws that will be in effect when the differences are expected to reverse. The Company provides a valuation allowance, if necessary, to reduce deferred tax assets to their estimated realizable value. The deferred tax assets are reviewed periodically for recoverability, and valuation allowances are adjusted as necessary.
	The Company is subject to taxation in various jurisdictions. The Company continues to remain subject to examination by U.S. federal authorities for the years 2010 through 2013. The Company believes that its income tax filing positions and deductions will be sustained on audit and does not anticipate any adjustments that will result in a material adverse effect on the Company's financial condition, results of operations, or cash flows. Therefore, no reserves for uncertain income tax positions have been recorded. The Company's practice is to recognize interest and/or penalties related to income tax matters in income tax expense. No accrual for interest and penalties was considered necessary as of December 31, 2013.

Noncontrolling_Interests

Non-controlling Interests	3 Months Ended
	Dec. 31, 2013
Non-controlling Interests [Abstract]	'
Non-controlling Interests	'
	Note 10.
	Non-controlling Interests
	Non-controlling interests are presented as a separate item in the equity section of the condensed consolidated balance sheet. The amount of consolidated net income or loss attributable to non-controlling interests is presented on the face of the condensed consolidated statement of operations. Changes in a parent's ownership interest in a subsidiary that do not result in deconsolidation are equity transactions, while changes in ownership interest that do result in deconsolidation of a subsidiary require gain or loss recognition in net income based on the fair value on the deconsolidation date.

Investment_in_Affiliate

Investment in Affiliate	3 Months Ended
	Dec. 31, 2013
Investment in Affiliate [Abstract]	'
Investment in Affiliate	'
	Note 11.
	Investment in Affiliate
	On April 15, 2013, the Company executed a Subscription Agreement for the purchase of 4,800 Class A Units of Bad Daddy's Franchise Development, LLC (BDFD), representing a 48% non-controlling voting membership interest in BDFD, for the aggregate subscription price of $750,000.  The subscription price was payable in two equal installments. The first $375,000 installment was paid on the date of execution of the Subscription Agreement and the remaining $375,000 installment was paid in December 2013.
	The Company accounts for this investment using the equity method. For the three months ending December 31, 2013 the Company recorded a net loss of $72,000 for its share of the joint venture's operating results.  The carrying value at December 31, 2013 was $576,000, which is represented as Investment in Affiliate in the accompanying condensed consolidated balance sheets.

Subsequent_Events

Subsequent Events	3 Months Ended
	Dec. 31, 2013
Subsequent Events [Abstract]	'
Subsequent Events	'
	Note 12.
	Subsequent Events
	Subsequent to December 31, 2013 and through February 10, 2014 we have received proceeds of $448,250 from the exercise of 4,000 and 349,800 A and B Warrants, respectively.

Recent_Accounting_Pronouncemen

Recent Accounting Pronouncements	3 Months Ended
	Dec. 31, 2013
Recent Accounting Pronouncements [Abstract]	'
Recent Accounting Pronouncements	'
	Note 13.
	Recent Accounting Pronouncements
	There are no new accounting pronouncements that affect the Company.

Stock_Transactions

Stock Transactions	3 Months Ended
	Dec. 31, 2013
Stock Transactions [Abstract]	'
Stock Transactions	'
	Note 14.
	Stock Transactions
	None.

StockBased_Compensation_Tables

Stock-Based Compensation (Tables)	3 Months Ended
	Dec. 31, 2013
Stock-Based Compensation [Abstract]	'
Weighted Average Assumptions Used to Estimate Fair Value of Stock Option Grants	'
	In addition to the exercise and grant date prices of the awards, certain weighted average assumptions that were used to estimate the fair value of stock option grants are listed in the following table:
		Fiscal 2013	Fiscal 2013	Fiscal 2014
		Incentive Stock	Non-Statutory Stock	Incentive
		Options	Options	Stock Options
	Expected term (years)	6.5	6.4 to 7.1	6.5
	Expected volatility	110.50%	106% to 112.3%	112.11%
	Risk-free interest rate	1.13%	1.28% to 1.84%	1.94%
	Expected dividends	0	0	0
Summary of Stock Option Activity under Share Based Compensation Plan	'
	A summary of stock option activity under our share-based compensation plan for the three months ended December 31, 2013 is presented in the following table:
		Options	Weighted	Weighted Average	Aggregate
			Average	Remaining	Intrinsic Value
			Exercise Price	Contractual Life (Yrs.)
	Outstanding-beg of year	324,854	$
			4.35
	Granted	89,500	$
			2.48
	Exercised	0
	Forfeited	0
	Expired	-7,117	$
			10.8
	Outstanding Dec 31, 2013	407,237	$	7.8	$
			3.82		116,000
	Exercisable Dec 31, 2013	207,316	$	6.3	$
			5.21		90,000

Warrants_Tables

Warrants (Tables)	3 Months Ended
	Dec. 31, 2013
Warrants [Abstract]	'
Schedule of Warrant Activity	'
	A summary of warrant activity for the three months ended December 31, 2013 is presented in the following table:
		Number of Shares	Weighted Average
			Exercise Price Per Share
	Outstanding-beg of year	3,795,000	$2.67
	Issued	-	-
	Exercised	-	-
	Outstanding and exercisable at Dec 31, 2013	3,795,000	$2.67

Recent_Developments_Details

Recent Developments (Details) (USD $)	3 Months Ended
	Dec. 31, 2013	Dec. 31, 2012	Apr. 15, 2013
			BDFD [Member]
Recent Developments [Line Items]	'	'	'
Preopening costs	$148,000	$0	'
Ownership interest	'	'	48.00%

StockBased_Compensation_Narrat

Stock-Based Compensation (Narrative) (Details) (USD $)	3 Months Ended			12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2012	Sep. 30, 2013	Sep. 30, 2013	Sep. 30, 2013	Sep. 30, 2013
			Non-Statutory Stock Options [Member]	Non-Statutory Stock Options [Member]	Non-Statutory Stock Options [Member]	Non-Statutory Stock Options [Member]	Incentive Stock Options [Member]
					Minimum [Member]	Maximum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]	'	'	'	'	'	'	'
Stock based compensation expense	$32,000	$24,000	'	'	'	'	'
Stock options granted, shares	89,500	'	89,500	47,000	'	'	110,421
Stock options granted, exercise price	$2.48	'	$2.48	'	$2.31	$2.44	$2.31
Stock options granted, per-share weighted average fair value	'	'	$2.12	'	$1.96	$2.09	$1.96
Remaining total unrecognized compensation cost related to unvested stock-based arrangements	$323,000	'	'	'	'	'	'
Employee service share-based compensation, nonvested awards, total compensation cost not yet recognized, period for recognition	'2 years 10 months 24 days	'	'	'	'	'	'
Stock options exercised	0	'	'	'	'	'	'

StockBased_Compensation_Weight

Stock-Based Compensation (Weighted Average Assumptions Used to Estimate Fair Value of Stock Option Grants) (Details) (USD $)	3 Months Ended
	Dec. 31, 2013
Fiscal 2013 Incentive Stock Options [Member]	'
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]	'
Expected term (years)	'6 years 6 months
Expected volatility	110.50%
Risk-free interest rate	1.13%
Expected dividends	$0
Fiscal 2013 Non-Statutory Stock Options [Member]	'
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]	'
Expected volatility, minimum	106.00%
Expected volatility, maximum	112.30%
Risk free interest rate, minimum	1.28%
Risk free interest rate, maximum	1.84%
Expected dividends	0
Fiscal 2013 Non-Statutory Stock Options [Member] | Minimum [Member]	'
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]	'
Expected term (years)	'6 years 4 months 24 days
Fiscal 2013 Non-Statutory Stock Options [Member] | Maximum [Member]	'
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]	'
Expected term (years)	'7 years 1 month 6 days
November 2013 Incentive Stock Options [Member]	'
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]	'
Expected term (years)	'6 years 6 months
Expected volatility	112.11%
Risk-free interest rate	1.94%
Expected dividends	$0

StockBased_Compensation_Summar

Stock-Based Compensation (Summary of Stock Option Activity under Share Based Compensation Plan) (Details) (USD $)	3 Months Ended
	Dec. 31, 2013
Options	'
Outstanding-beg of year	324,854
Granted	89,500
Exercised	0
Forfeited	0
Expired	-7,117
Outstanding Dec 31, 2013	407,237
Exercisable Dec 31, 2013	207,316
Weighted Average Exercise Price	'
Outstanding-beg of year	$4.35
Granted	$2.48
Exercised	'
Forfeited	'
Expired	$10.80
Outstanding Dec 31, 2013	$3.82
Exercisable Dec 31, 2013	$5.21
Weighted Average Remaining Contractual Life (Yrs.)	'
Outstanding Dec 31, 2013	'7 years 9 months 18 days
Exercisable Dec 31, 2013	'6 years 3 months 18 days
Aggregate Intrinsic Value	'
Outstanding Dec 31, 2013	$116,000
Exercisable Dec 31, 2013	$90,000

Warrants_Narrative_Details

Warrants (Narrative) (Details) (USD $)	1 Months Ended
	Aug. 21, 2013
A Warrants [Member]	'
Class of Warrant or Right [Line Items]	'
Warrants issued	2,200,000
Number of common stock to be purchased by warrants	2,200,000
Exercise date	16-Aug-18
Number of warrants that convert into one share of common stock	1
Exercise price	$2.75
B Warrants [Member]	'
Class of Warrant or Right [Line Items]	'
Warrants issued	2,200,000
Number of common stock to be purchased by warrants	1,100,000
Exercise date	16-May-14
Number of warrants that convert into one share of common stock	2
Exercise price	$2.50

Warrants_Summary_of_Warrant_Ac

Warrants (Summary of Warrant Activity) (Details) (Warrant [Member], USD $)	3 Months Ended
	Dec. 31, 2013
Warrant [Member]	'
Number of Shares	'
Outstanding-beg of year	3,795,000
Issued	'
Exercised	'
Outstanding and exercisable at Dec 31, 2013	3,795,000
Weighted Average Exercise Price Per Share	'
Outstanding-beg of year	$2.67
Issued	'
Exercised	'
Outstanding and exercisable at Dec 31, 2013	$2.67

Related_Party_Transactions_Det

Related Party Transactions (Details) (USD $)	3 Months Ended			12 Months Ended		3 Months Ended	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2013	Sep. 30, 2013	Sep. 30, 2012	Dec. 31, 2013	Sep. 30, 2013
			Heathcote Capital LLC [Member]	Heathcote Capital LLC [Member]	Heathcote Capital LLC [Member]	BDFD [Member]	BDFD [Member]
Related Party Transaction [Line Items]	'	'	'	'	'	'	'
Franchise royalties and management fees paid	$22,000	$15,000	'	'	'	$6,000	$11,000
Total amount paid to advisory service agreement	'	'	30,000	27,900	48,600	'	'
Scope of work services	'	'	'	'	'	$15,000	$18,000
Ownership interest in affiliate	'	'	'	'	'	48.00%	'

Impairment_of_LongLived_Assets1

Impairment of Long-Lived Assets and Goodwill (Details) (USD $)	3 Months Ended
	Dec. 31, 2013	Sep. 30, 2013
Impaired Long-Lived Assets Held and Used [Line Items]	'	'
Projected variable and semi-variable restaurant operating costs increase percentage	1.50%	'
Projected food and packaging costs decrease percentage	0.50%	'
Number of restaurants impaired	0	'
Goodwill	$96,000	$96,000
Minimum [Member]	'	'
Impaired Long-Lived Assets Held and Used [Line Items]	'	'
Historical weighted average menu price increase percentage	1.50%	'
Projected fixed restaurant operating costs increase percentage	1.50%	'
Maximum [Member]	'	'
Impaired Long-Lived Assets Held and Used [Line Items]	'	'
Historical weighted average menu price increase percentage	6.00%	'
Projected fixed restaurant operating costs increase percentage	2.00%	'
Projected food and packaging costs decrease percentage	15.00%	'
Fiscal Year 2014 [Member]	'	'
Impaired Long-Lived Assets Held and Used [Line Items]	'	'
Projected sales increase percentage	6.00%	'
Fiscal Year 2015 To 2028 [Member] | Minimum [Member]	'	'
Impaired Long-Lived Assets Held and Used [Line Items]	'	'
Projected sales increase percentage	2.00%	'
Fiscal Year 2015 To 2028 [Member] | Maximum [Member]	'	'
Impaired Long-Lived Assets Held and Used [Line Items]	'	'
Projected sales increase percentage	3.00%	'

Income_Taxes_Details

Income Taxes (Details) (USD $)	3 Months Ended
	Dec. 31, 2013
Income Tax Examination [Line Items]	'
Reserves for uncertain tax positions	0
Accrual for interest and penalties	0
Minimum [Member]	'
Income Tax Examination [Line Items]	'
Years subject to income tax examination	'2010
Maximum [Member]	'
Income Tax Examination [Line Items]	'
Years subject to income tax examination	'2013

Investment_in_Affiliate_Detail

Investment in Affiliate (Details) (USD $)	3 Months Ended			0 Months Ended
	Dec. 31, 2013	Dec. 31, 2012	Sep. 30, 2013	Apr. 15, 2013	Apr. 15, 2013	Apr. 15, 2013
				BDFD [Member]	BDFD [Member]	BDFD [Member]
				Installment	First Installment [Member]	Second Installment [Member]
Investments in and Advances to Affiliates [Line Items]	'	'	'	'	'	'
Subscription agreement for the purchase of Class A Units	'	'	'	4,800	'	'
Ownership interest	'	'	'	48.00%	'	'
Aggregate subscription price	'	'	'	$750,000	$375,000	$375,000
Number of installments	'	'	'	2	'	'
Affiliate investment loss	-72,000	0	'	'	'	'
Investment in affiliate	$576,000	'	$273,000	'	'	'

Subsequent_Events_Details

Subsequent Events (Details) (USD $)	1 Months Ended
	Feb. 10, 2014
Subsequent Event [Line Items]	'
Proceeds from exercise of warrants	$448,250
A Warrants [Member]	'
Subsequent Event [Line Items]	'
Exercise of warrants, shares	4,000
B Warrants [Member]	'
Subsequent Event [Line Items]	'
Exercise of warrants, shares	349,800