Good Times Restaurants (GTIM) 10-K 18 Dec 20 2020 FY Annual report Financial data

Document and Entity Information

Document and Entity Information - USD ($)	12 Months Ended
	Sep. 29, 2020	Dec. 11, 2020	Mar. 31, 2020
Document and Entity Information [Abstract]
Document Type	10-K
Amendment Flag	false
Document Period End Date	Sep. 29, 2020
Document Fiscal Year Focus	2020
Document Fiscal Period Focus	FY
Entity Registrant Name	Good Times Restaurants Inc.
Entity Central Index Key	0000825324
Current Fiscal Year End Date	--09-29
Entity Well-known Seasoned Issuer	No
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Voluntary Filers	No
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Shell Company	false
Entity Emerging Growth Company	false
Entity Common Stock, Shares Outstanding		12,629,400
Entity Public Float			$ 5,687,100
Entity Incorporation State Country Code	NV
Entity File Number	000-18590

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Sep. 29, 2020	Sep. 24, 2019
CURRENT ASSETS:
Cash and cash equivalents	$ 11,454	$ 2,745
Receivables	656	810
Prepaid expenses and other	275	220
Inventories	1,093	1,128
Notes receivable	13	12
Total current assets	13,491	4,915
PROPERTY AND EQUIPMENT
Land and building	4,704	4,787
Leasehold improvements	33,280	32,393
Fixtures and equipment	28,593	27,597
Property, Plant and Equipment, Gross, Total	66,577	64,777
Less accumulated depreciation and amortization	(38,908)	(29,100)
Total net property and equipment	27,669	35,677
OTHER ASSETS:
Operating lease right-of-use assets, net	49,252
Notes receivable, net of current portion		13
Deposits and other assets	209	199
Trademarks	3,900	3,900
Other intangibles, net	22	51
Goodwill	5,150	15,150
Other Assets, Noncurrent, Total	58,533	19,313
TOTAL ASSETS	99,693	59,905
CURRENT LIABILITIES:
Current maturities of long-term debt	6,242
Accounts payable	2,581	3,774
Deferred income	69	79
Operating lease liabilities, current	4,689
Other accrued liabilities	5,055	5,375	[1]
Total current liabilities	18,636	9,228
LONG-TERM LIABILITIES:
Maturities of long-term debt due after one year	10,903	12,850
Operating lease liabilities, net of current portion	53,731
Deferred and other liabilities	1,440	8,907
Total long-term liabilities	66,074	21,757
COMMITMENTS AND CONTINGENCIES (Note 5)
Good Times Restaurants Inc. stockholders' equity:
Preferred stock, $.01 par value; 5,000,000 shares authorized, 0 shares issued and outstanding, and outstanding as of Sept 29, 2020 and Sept 24, 2019, respectively
Common stock, $.001 par value; 50,000,000 shares authorized 12,612,852 and 12,541,082 shares issued and outstanding as of September 29, 2020 and September 24, 2019, respectively	13	13
Capital contributed in excess of par value	58,219	57,936
Treasury stock, at cost; 43,110 and 0 shares as of September 29, 2020 and September 24, 2019, respectively	(75)
Accumulated deficit	(44,467)	(30,551)
Total Good Times Restaurants Inc. stockholders' equity	13,690	27,398
Non-controlling interests	1,293	1,522
Total stockholders' equity	14,983	28,920
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	$ 99,693	$ 59,905
[1]	The above amounts in 2019 include costs associated with the subsequent termination of the Company's CEO pursuant to a severance and separation agreement totaling $731,000.

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - $ / shares	Sep. 29, 2020	Sep. 24, 2019
Statement of Financial Position [Abstract]
Preferred stock, par value	$ 0.01	$ 0.01
Preferred stock, shares authorized	5,000,000	5,000,000
Preferred stock, issued	0	0
Preferred stock, outstanding	0	0
Common stock, par value	$ 0.001	$ 0.001
Common stock, shares authorized	50,000,000	50,000,000
Common stock, shares issued	12,612,852	12,541,082
Common stock, shares outstanding	12,612,852	12,541,082
Treasury stock at cost, shares	43,110	0

Consolidated Statements of Oper

Consolidated Statements of Operations - USD ($) $ in Thousands	12 Months Ended
	Sep. 29, 2020	Sep. 24, 2019
NET REVENUES:
Total net revenues	$ 109,858	$ 110,755
RESTAURANT OPERATING COSTS:
Food and packaging costs	31,395	32,471
Payroll and other employee benefit costs	38,442	41,221
Restaurant occupancy costs	8,877	8,353
Other restaurant operating costs	13,351	11,862
Preopening costs	1,031	1,774
Depreciation and amortization	4,129	4,345
Total restaurant operating costs	97,225	100,026
General and administrative costs	7,100	9,071
Advertising costs	1,993	2,349
Franchise costs	20	38
Impairment of goodwill	10,000
Impairment of long-lived assets	5,606	2,771
Gain on restaurant asset sale	(45)	(5)
LOSS FROM OPERATIONS	(12,041)	(3,495)
OTHER INCOME (EXPENSES):
Interest income	2	3
Interest expense	(755)	(756)
Total other expenses, net	(753)	(753)
NET LOSS	(12,794)	(4,248)
Income attributable to non-controlling interests	(1,122)	(889)
NET LOSS ATTRIBUTABLE TO COMMON STOCKHOLDERS	$ (13,916)	$ (5,137)
BASIC AND DILUTED LOSS PER SHARE:
Net loss attributable to common stockholders	$ (1.10)	$ (0.41)
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING
Basic and Diluted	12,594,952	12,522,728
Restaurant sales [Member]
NET REVENUES:
Total net revenues	$ 109,078	$ 109,800
Franchise revenues [Member]
NET REVENUES:
Total net revenues	$ 780	$ 955

Consolidated Statements of Stoc

Consolidated Statements of Stockholders' Equity - USD ($) $ in Thousands	Treasury Stock	Common Stock [Member]	Capital Contributed in Excess of Par Value [Member]	Non-Controlling Interest In Partnerships [Member]	Accumulated Deficit [Member]	Total
BALANCES at Sep. 25, 2018	$ 0	$ 12	$ 59,385	$ 3,238	$ (25,414)	$ 37,221
BALANCES, shares at Sep. 25, 2018	0	12,481,162
Stock-based compensation cost			719			719
Restricted stock unit vesting		$ 1				1
Restricted stock unit vesting, shares		59,253
Stock option exercise			3			$ 3
Stock option exercise, shares		667				667
Income attributable to non-controlling interests				889		$ 889
Distributions to unrelated limited partners				(1,817)		(1,817)
Contributions from unrelated limited partners				20		20
Purchase of non-controlling interest			(2,171)	(788)		(2,959)
Net loss attributable to Good Times Restaurants Inc and comprehensive loss	0	0	0	0	(5,137)	(5,137)
BALANCES at Sep. 24, 2019	$ 0	$ 13	57,936	1,522	(30,551)	28,920
BALANCES, shares at Sep. 24, 2019	0	12,541,082
Stock-based compensation cost			283			283
Restricted stock unit vesting
Restricted stock unit vesting, shares		112,467
Stock option exercise
Stock option exercise, shares		2,413				15,646
Treasury shares purchased	$ (75)					$ (75)
Treasury shares purchased, shares	43,110	(43,110)
Income attributable to non-controlling interests				1,122		1,122
Distributions to unrelated limited partners				(1,373)		(1,373)	[1]
Contributions from unrelated limited partners				22		22
Net loss attributable to Good Times Restaurants Inc and comprehensive loss	0	0	0	0	(13,916)	(13,916)
BALANCES at Sep. 29, 2020	$ (75)	$ 13	$ 58,219	$ 1,293	$ (44,467)	$ 14,983
BALANCES, shares at Sep. 29, 2020	43,110	12,612,852
[1]	Includes $352,000 of distributions reflected on our consolidated balance sheet in other accrued liabilities at September 29, 2020.

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	12 Months Ended
	Sep. 29, 2020	Sep. 24, 2019
CASH FLOWS FROM OPERATING ACTIVITIES:
Net Loss	$ (12,794)	$ (4,248)
Adjustments to reconcile net loss to net cash provided by operating activities:
Depreciation and amortization	4,313	4,590
Accretion of deferred rent		604
Amortization of lease incentive obligation		(514)
Amortization of operating lease assets	4,025
Recognition of deferred gain on sale of restaurant building	(37)	(37)
Loss on disposal of restaurant assets		58
Impairment of goodwill	10,000
Impairment of long-lived assets	5,606	2,771
Stock based compensation expense	283	719
(Increase) decrease in:
Receivables and prepaids	492	925
Inventories	35	(124)
Deposits and other assets	(163)	(133)
(Decrease) increase in:
Accounts payable	(496)	317
Deferred liabilities		903
Operating lease liabilities	(3,714)
Accrued and other liabilities	819	940
Net cash provided by operating activities	8,369	6,771
CASH FLOWS FROM INVESTING ACTIVITIES:
Payments for the purchase of property and equipment	(2,596)	(8,079)
Payment for the purchase of treasury stock	(75)
Payment for the purchase of non-controlling interest		(3,009)
Proceeds from the sale of fixed assets	55	8
Payments received on loans to franchisees and to others	12	21
Net cash used in investing activities	(2,604)	(11,059)
CASH FLOWS FROM FINANCING ACTIVITIES:
Principal payments on notes payable, capital leases, and long-term debt	(12,650)	(2,980)
Borrowings on notes payable and long-term debt	16,945	8,350
Proceeds from stock option exercises		3
Contributions from non-controlling interests	22	20
Distributions to non-controlling interests	(1,373)	(1,837)
Net cash provided by financing activities	2,944	3,556
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	8,709	(732)
CASH AND CASH EQUIVALENTS, beginning of year	2,745	3,477
CASH AND CASH EQUIVALENTS, end of year	11,454	2,745
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION:
Cash paid for interest	694	666
Non-cash additions of property and equipment	$ (697)	$ (317)

Organization and Summary of Sig

Organization and Summary of Significant Accounting Policies	12 Months Ended
	Sep. 29, 2020
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Organization and Summary of Significant Accounting Policies	1. Organization and Summary of Significant Accounting Policies: Organization BD of Colo was formed by Good Times Restaurants Inc. in 2013 to develop Bad Daddy’s Burger Bar restaurants in the state of Colorado. Subsequently, BDI and BDFD were acquired by Good Times Restaurants Inc. on May 7, 2015. Combined, these entities compose our Bad Daddy’s operating segment, which as of September 29, 2020, operates thirty-two company-owned and five joint-venture full-service small-box casual dining restaurants under the name Bad Daddy’s Burger Bar, primarily located in Colorado and in the Southeast region of the United States, franchises one restaurant in South Carolina, and licenses the Bad Daddy’s brand for use at an airport Bad Daddy’s restaurant under third-party operations and ownership. Drive Thru commenced operations in 1986 and as of September 29, 2020, operates eighteen Company-owned and seven joint-venture drive-thru fast food hamburger restaurants under the name Good Times Burgers & Frozen Custard, all of which are located in Colorado. In addition, Drive Thru has eight franchisee-owned restaurants, with six operating in Colorado and two in Wyoming. We follow accounting standards set by the Financial Accounting Standards Board, commonly referred to as the “FASB”. The FASB sets generally accepted accounting principles (GAAP) that we follow to ensure we consistently report our financial condition, results of operations, and cash flows. COVID-19 Pandemic Our operating results substantially depend upon our ability to drive traffic to our restaurants, and for our Bad Daddy’s Burger Bar restaurants, to serve guests in our dining rooms. We cannot currently estimate the duration of the impact of the COVID-19 pandemic on our business; neither are we able to predict how the pandemic will evolve nor how various government entities will respond to its evolution. In November 2020 several of our dining rooms in Colorado closed again due to government requirements, which we expect to result in lower average weekly sales for those restaurants. Should additional dining room closures occur, our business would be adversely affected. Even without government orders, customers may choose to reduce or eliminate in-restaurant dining because of increasing numbers of COVID-19 cases, hospitalizations, or deaths. Additionally, in connection with spread of COVID-19, there have been disruptions in various food supply chains in the United States. Our operating results substantially depend upon our ability to obtain sufficient quantities of products such as beef, bacon, and other products used in the production of items served and sold to our guests. Ongoing impacts of the COVID-19 pandemic could result in product shortages and in turn could require us to serve a limited menu, restrict number of items purchased per guest, or close some or all of our restaurants for an indeterminate period of time. Ongoing material adverse impacts from the COVID-19 pandemic could result in reduced revenue and cash flow and could affect our assessments of impairment of intangible assets, long-lived assets, or goodwill. We took extraordinary actions to increase our liquidity in response to COVID-19, including temporarily reducing employee pay, reductions in force, and obtaining Paycheck Protection Program (the “PPP”) loans. The PPP is sponsored by the Small Business Administration (the “SBA”). The PPP is part of the Coronavirus Aid, Relief and Economic Security Act (the “CARES Act”). We have since significantly increased employment levels and restored pay to employees as of the date of this report. Although we currently have a meaningful cash balance and generated significant cash flow from operations during the fourth fiscal quarter, should business decline significantly as a result of the pandemic we would not likely be able to take some of the same actions without negatively impacting the long-term viability of the business. The COVID-19 pandemic is adversely affecting the availability of liquidity generally in the credit markets, and there can be no guarantee that additional liquidity will be available on favorable terms, or at all, especially the longer the COVID-19 pandemic lasts or if it were to reoccur. Fiscal Year Principles of Consolidation Advertising Costs Accounting Estimates Reclassification Cash and Cash Equivalents Accounts Receivable Inventories Property and Equipment Maintenance and repairs are charged to expense as incurred, and expenditures for major improvements are capitalized. When assets are retired, or otherwise disposed of, the property accounts are relieved of costs and accumulated depreciation with any resulting gain or loss credited or charged to income. Trademarks Goodwill The following table presents goodwill associated with each reporting unit as of September 29, 2020 and September 24, 2019 (in thousands): September 29, 2020 September 24, 2019 Good Times $ 96 $ 96 Bad Daddy’s 5,054 15,054 Total $ 5,150 $ 15,150 In March 2020, the outbreak of the COVID-19 pandemic prompted authorities in most jurisdictions where the Company operates to issue stay-at-home orders, leading to an unexpected significant disruption to the Company's business requiring the Company to close its restaurant dining rooms and operate its Bad Daddy’s restaurants under a delivery and carry-out model. As such, the consequences of the outbreak of the COVID-19 pandemic coupled with a sustained decline in the Company's stock price were determined to be indicators of impairment for its Bad Daddy’s reporting unit. As such, using Level 3 inputs, the Company performed a quantitative goodwill impairment assessment using both the discounted cash flow method and guideline public company method to determine the fair value of its reporting unit. Significant assumptions and estimates used in determining fair value include future revenues, operating costs, working capital changes, capital expenditures, and a discount rate that approximates the Company's weighted average cost of capital. Based on the quantitative assessment, the Company determined that the fair value of its reporting unit was less than its carrying value and recognized a non-cash goodwill impairment charge of $10.0 million in the fiscal quarter ending March 31,2020, equal to the excess of the Bad Daddy’s reporting unit's carrying value above its fair value. No goodwill impairment charges were recognized related to goodwill attributable to its Good Times reporting unit. Impairment of Long-Lived Assets Given the results of our analysis at September 24, 2019, we identified five restaurants where the expected future cash flows would not be sufficient to recover the carrying value of the associated assets. Two of these restaurants are Good Times restaurants in Colorado. We recorded a non-cash charge of $391,000, related to the impairment of these restaurants in the fiscal quarter ending September 24, 2019. In July of 2019, the Company entered into a sublease agreement for one of the two restaurants and the tenant took possession on January 1, 2020 and the sublease commenced in May 2020. Three of these restaurants are Bad Daddy’s restaurants, two in Colorado and one in South Carolina. We recorded non-cash charges of $2,380,000 related to the impairment of these restaurants during the fiscal quarter ending September 24, 2019. Given the results of our analysis at March 31, 2020, we identified five additional restaurants where the expected future cash flows would not be sufficient to recover the carrying value of the associated assets. The restaurants are all Bad Daddy’s restaurants, two in North Carolina and one each in Tennessee, Georgia and Colorado. We recorded non-cash charges of $4,359,000 related to the impairment of these restaurants during the quarter ending March 31, 2020. Given the results of our analysis at June 30, 2020, we identified one additional Bad Daddy’s restaurant in Colorado where the expected future cash flows would not be sufficient to recover the carrying value of the associated assets and recorded non-cash charges of $932,000 related to the impairment of this restaurant during the quarter ending June 30, 2020. Given the results of our analysis at September 29, 2020, we identified one additional Good Times restaurant where the expected future cash flows would not be sufficient to recover the carrying value of the associated assets and recorded non-cash charges of $315,000 related to the impairment of this restaurant during the quarter ending September 29, 2020. Leases The Company determines if a contract contains a lease at inception. The Company's material long-term operating lease agreements are for the land and buildings for our restaurants as well as our corporate office. The lease term begins on the date that the Company takes possession under the lease, including the pre-opening period during construction, when in most cases the Company is not making rent payments. Operating lease assets and liabilities are recognized at the lease commencement date for material leases with a term of greater than 12 months. Operating lease liabilities represent the present value of future minimum lease payments. Since our leases do not provide an implicit rate, our operating lease liabilities are calculated using our estimated incremental borrowing rate based on a collateralized borrowing over the term of each individual lease. Minimum lease payments include only fixed lease components of the agreement, as well as variable rate payments that depend on an index, initially measured using the index at the lease commencement date. Operating lease assets represent our right to use an underlying asset and are based upon the operating lease liabilities adjusted for prepaid or accrued lease payments, initial direct costs and lease incentives. Lease incentives are recognized when earned and reduce our operating lease asset related to the lease. They are amortized through the operating lease assets as reductions of rent expense over the lease term. Operating lease expense is recognized on a straight-line basis over the lease term. Certain of the Company’s operating leases contain clauses that provide for contingent rent based on a percentage of sales greater than certain specified target amounts. Variable lease payments that do not depend on a rate or index, escalation in the index subsequent to the initial measurement, payments associated with non-lease components such as common area maintenance, real estate taxes and insurance, and short-term lease payments (leases with a term with 12 months or less) are expensed as incurred or when the achievement of the specified target that triggers the contingent rent is considered probable. Deferred Liabilities Revenue Recognition The Company recognizes revenues in the form of restaurant sales at the time of the sale when payment is made by the customer, as the Company has completed its performance obligation, namely the provision of food and beverage, and the accompanying customer service, during the customer’s visit to the restaurant. The Company sells gift cards to customers and recognizes revenue from the gift card when it is redeemed and the performance obligation is completed, primarily in the form of restaurant revenue. Gift Card breakage, which is recognized when the likelihood of a gift card being redeemed is remote, is determined based upon the Company’s historic redemption patterns, and is immaterial to our overall financial statements. Revenues we receive from our franchise and license agreements include sales-based royalties, and from our franchise agreements also may include advertising fund contributions, area development fees, and franchisee fees. We recognize sales-based royalties from franchisees and licensees as the underlying sales occur. We similarly recognize advertising fund contributions from franchisees as the underlying sales occur. The Company also provides its franchisees with services associated with opening new restaurants and operating them under franchise and development agreements in exchange for area development and franchise fees. The Company would capitalize these fees upon receipt from the franchisee and then would amortize those over the contracted franchise term as the services comprising the performance obligations are satisfied. We have not received material development or franchise fees in the years presented, and the primary performance obligations under existing franchise and development agreements have been satisfied prior to the earliest period presented in our financial statements. Preopening Costs Income Taxes The Company is subject to U.S. federal income tax and income tax in multiple U.S state jurisdictions. The Company continues to remain subject to examination by federal authorities and state jurisdictions generally for fiscal years after 2015. 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 September 29, 2020. Net Income (Loss) Per Common Share Financial Instruments and Concentrations of Credit Risk Financial instruments potentially subjecting the Company to concentrations of credit risk consist principally of receivables. At September 29, 2020 notes receivable totaled $13,000 and is due from two entities. Additionally, the Company has other current receivables totaling $656,000, which includes $77,000 of franchise receivables, $338,000 related to lease incentives, and $241,000 for miscellaneous receivables which are all due in the normal course of business. The Company believes it will collect fully on all notes and receivables. The Company purchases most of its restaurant food and paper from two vendors. The Company believes a sufficient number of other suppliers exist from which food and paper could be purchased to prevent any long-term, adverse consequences. 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. Stock-Based Compensation Variable Interest Entities Fair Value of Financial Instruments The following three levels of inputs may be used to measure fair value and require that the assets or liabilities carried at fair value are disclosed by the input level under which they were valued. Level 1: Quoted market prices in active markets for identical assets and liabilities. Level 2: Observable inputs other than defined in Level 1, such as quoted prices for similar assets or liabilities; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the assets or liabilities. Level 3: Unobservable inputs that are not corroborated by observable market data. Non-controlling Interests Our non-controlling interests currently consist of one joint venture partnership involving Good Times restaurants and five joint venture partnerships involving five Bad Daddy’s restaurants. Recent Accounting Pronouncements We elected the optional transition method option to apply the standard as of the effective date and therefore, we will not apply the standard to the comparative periods presented in our consolidated financial statements. The adoption of this standard had a significant impact on the Company’s consolidated balance sheets as we recognized the right-of-use assets and lease liabilities for our operating leases. The adoption had an immaterial impact on the Company’s consolidated statements of operations, cash flows and overall liquidity. We elected to utilize the three practical expedients permitted within the standard, which eliminates the requirement to reassess the conclusions about historical lease identifications, lease classifications, and initial direct costs. We did not elect the hindsight practical expedient, which permits the use of hindsight when determining lease terms and impairments of right-of-use assets. Additionally, we elected to utilize the short-term lease exception policy, which allows us to not apply the recognition requirements of this standard to leases with a term of 12 months or less. In January 2017, the FASB issued ASU No. 2017-04, “Intangibles – Goodwill and Other (Topic 350) – Simplifying the Test for Goodwill Impairment,” which eliminates Step 2 from the impairment test applied to goodwill. Under the new standard, goodwill impairment tests will compare the fair value of a reporting unit with its carrying amount. An impairment charge will be recognized for the amount by which the carrying amount exceeds the reporting unit’s fair value, not to exceed the total amount of goodwill. This pronouncement is effective for annual and interim periods beginning after December 15, 2019 and should be applied on a prospective basis. We adopted this ASU effective as of the quarter-end March 26, 2019. The adoption of the new standard did not have a material impact on our financial position or results from operations. The Company reviewed all other recently issued accounting pronouncements and concluded that they were either not applicable or not expected to have a significant impact on the Company’s consolidated financial statements.

Goodwill and Intangible Assets

Goodwill and Intangible Assets	12 Months Ended
	Sep. 29, 2020
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Intangible Assets	2. Goodwill and Intangible Assets: The following table presents goodwill and intangible assets as of September 29, 2020 and September 24, 2019 (in thousands): September 29, 2020 September 24, 2019 Gross Amount Accumulated Amortization Net Amount Gross Amount Accumulated Amortization Net Amount Intangible assets subject to Franchise rights $ - $ - $ - $ 116 $ (104 ) $ 12 Non-compete agreements 50 (28 ) 22 65 (26 ) 39 $ 50 $ (28 ) $ 22 $ 181 $ (130 ) $ 51 Indefinite-lived intangible Trademarks $ 3,900 $ - $ 3,900 $ 3,900 $ - $ 3,900 Intangible assets, net $ 3,950 $ (28 ) $ 3,922 $ 4,081 $ (130 ) $ 3,951 Goodwill $ 5,150 $ - $ 5,150 $ 15,150 $ - $ 15,150 As previously discussed in Note 1, the Company recorded a $10,000,000 impairment to goodwill in the second fiscal quarter of 2020 related to goodwill attributable to its Bad Daddy’s reporting unit. There were no impairments to intangible assets during the fiscal year ended September 29, 2020. The aggregate amortization expense related to these intangible assets subject to amortization was $28,000 for the fiscal year ended September 29, 2020. The Company’s franchise rights were fully amortized at the end of the second fiscal quarter of 2020 and the intangible asset and the related accumulated amortization were written off in the third fiscal quarter of 2020. The estimated aggregate future amortization expense as of September 29, 2020 is as follows (in thousands): 2021 16 2022 6 $ 22

Notes Payable and Long-Term Deb

Notes Payable and Long-Term Debt	12 Months Ended
	Sep. 29, 2020
Debt Disclosure [Abstract]
Notes Payable and Long-Term Debt	3. Notes Payable and Long-Term Debt : Cadence Credit Facility The Company maintains a credit agreement with Cadence Bank (“Cadence”) pursuant to which, as amended, Cadence agreed to loan the Company up to $17,000,000 with a maturity date of December 31, 2021 (the “Cadence Credit Facility”). On February 21, 2019 the Cadence Credit Facility was amended, in connection with the repurchase of minority interests related to three Bad Daddy’s restaurants, to retroactively attribute EBITDA previously attributed to non-controlling interests to the Company for purposes of certain financial covenants. On December 9, 2019 the Cadence Credit Facility was amended in connection with the separation of the Company’s former CEO, to amend the definition of “Consolidated EBITDA” for the purposes of financial covenants, to require certain installment payments, and to permit the company to make certain “Restricted Payments” (as defined in the Cadence Credit Facility). As amended by the various amendments, the Cadence Credit Facility accrues commitment fees on the daily unused balance of the facility at a rate of 0.25%. All borrowings under the Cadence Credit Facility, as amended, bear interest at a variable rate based upon the Company’s election of (i) 2.5% plus the base rate, which is the highest of the (a) Federal Funds Rate plus 0.5%, (b) the Cadence bank publicly-announced prime rate, and (c) LIBOR plus 1.0%, or (ii) LIBOR, with a 0.250% floor, plus 3.5%. Interest is due at the end of each calendar quarter if the Company selects to pay interest based on the base rate and at the end of each LIBOR period if it selects to pay interest based on LIBOR. As of September 29, 2020, the weighted average interest rate applicable to borrowings under the Cadence Credit Facility was 3.75%. Principal payments on the Cadence Credit Facility are required beginning on March 31, 2020 in $250,000 installments on the last business day each of March, June, September, and December in each calendar year. The total loan commitment is permanently reduced by the corresponding amount of each such repayment on such date. New borrowings are permitted up to the amount of the loan commitment. The note matures and is due in its entirety on December 31, 2021. The Cadence Credit Facility, as amended, contains certain affirmative and negative covenants and events of default that the Company considers customary for an agreement of this type, including covenants setting a maximum leverage ratio of 5.35:1, a minimum pre-distribution fixed charge coverage ratio of 1.25:1, a minimum post-distribution fixed charge coverage ratio of 1.10:1 and minimum liquidity of $2.0 million. As of September 29, 2020, the Company was in compliance with all covenants under the Cadence Credit Facility. On April 14, 2020, the Company entered into a Consent and Forbearance Agreement effective March 31, 2020 (the “Forbearance Agreement”) with respect to the Cadence Credit Facility. The Company informed Cadence that certain events of default may occur as a result of Company’s failure to comply with certain financial covenants for the fiscal quarter ended on or about March 31, 2020 (collectively, the “Potential Events of Default”). Pursuant to the terms of the Forbearance Agreement, from March 31, 2020 through 11:59 p.m. (Eastern time) on June 30, 2020 (the “Forbearance Period”), Cadence agreed to forbear from exercising any available rights and remedies under the Cadence Credit Facility to the extent such rights and remedies arise exclusively as a result of the Potential Events of Default. Further, Cadence agreed to consent to the Company’s request to defer the principal payment (the “Payment Deferral”) on the loans due on June 30, 2020 until the maturity date. The forbearance period (the “Forbearance Period”) expired at 11:59 p.m. (Eastern time) on June 30, 2020. The company has been in compliance with all financial covenants since the expiration of the Forbearance Period. As a result of entering into the Cadence Credit Facility and the various amendments, the Company paid loan origination costs including professional fees of approximately $292,000 and is amortizing these costs over the term of the credit agreement. The obligations under the Cadence Credit Facility are collateralized by a first-priority lien on substantially all of the Company’s assets. As of September 29, 2020, the outstanding balance on borrowings against the facility was $5,500,000. Availability of the Cadence Credit Facility for borrowings is reduced by the outstanding face value of any letters of credit issued under the facility. As of September 29, 2020, the outstanding face value of such letters of credit was $157,500. Paycheck Protection Program Loans On May 7, 2020, Good Times and three of its wholly-owned subsidiaries, BDI, Drive Thru, and BD Colo (each a “Borrower”), entered into unsecured loans in the aggregate principal amount of $11,645,000 (the “Loans”) with Cadence Bank, N.A. (the “Lender”) pursuant to the PPP. The Loans are evidenced by individual promissory notes of each of the Borrowers dated April 29, 2020 executed by each Borrower on May 7, 2020 (together, the “Notes”) in favor of the Lender which Notes bear interest at the rate of 1.00% per annum. All or a portion of the Loans may be forgiven by the SBA upon application by the Borrowers accompanied by documentation of expenditures in accordance with SBA requirements under the PPP, which includes employees being kept on the payroll for twenty-four weeks after the date of the Loans and the proceeds of such Loans being used for payroll, rent, mortgage interest or utilities. Congress subsequently passed the PPP Flexibility Act which modified certain provisions of the PPP program, including expanding the original eight-week covered period to a period of twenty-four weeks (the “Covered Period”). The SBA and the Treasury continue to develop and issue new and updated guidance regarding the PPP loan application process, including guidance regarding required borrower certifications and requirements for forgiveness of loans made under the PPP. The Company continues to track the guidance as it is released and assess and re-assess various aspects of its application as necessary based on the guidance. The Company believes it qualifies for the PPP and is compliant in all aspects with its use of PPP funds, and expects to apply for forgiveness during 2021. However, in the absence of definitive guidance or regulations the Company cannot give any assurance that the Loans will be forgivable in whole or in part. In the event that any portion of the Loans are not forgiven in accordance with the PPP, the Company will be required to pay the Lender monthly payments of principal and interest in an aggregate amount of $489,000 to repay the PPP Loans in full on or before April 29, 2022. The SBA has deferred loan payments to either (1) the date the SBA remits our forgiveness to the lender, or (2) 10 months after the end of the Covered Period, which would be in August 2021. However, as of the date of this report we have not yet received a decision from the SBA regarding forgiveness of our PPP loans or communication regarding the official end date of our deferral period. The Loans may be prepaid by the Company at any time prior to maturity with no prepayment penalties. The Notes contain certifications and agreements related to the PPP, as well as customary default and other provisions. We reflect the full principal amount of the PPP loans as debt, accounting for such loans under ASC 470, with current maturities of approximately $5.2 million pursuant to the current payment amortization schedule. We intend to account for the forgiveness of such loans at the time such forgiveness is granted. Total interest expense on notes payable and capital leases was $754,000 and $755,000 for fiscal 2020 and fiscal 2019, respectively. Components of Long-Term Debt The components of long-term debt as reflected on our consolidated balance sheets are as follows (in thousands): September 29, 2020 September 24, 2019 Current Maturities Cadence Credit Facility $ 1,000 - PPP Loans 5,242 - Total Current Maturities $ 6,242 $ - Maturities due after One Year Cadence Credit Facility 4,500 12,850 PPP Loans 6,403 - Total Maturities after One Year $ 10,903 $ 12,850

Other Accrued Liabilities

Other Accrued Liabilities	12 Months Ended
	Sep. 29, 2020
Accrued Liabilities and Other Liabilities [Abstract]
Other Accrued Liabilities	4. Other Accrued Liabilities : Other accrued liabilities consist of the following (in thousands): September 29, 2020 September 24, 2019* Wages and other employee benefits $ 2,056 $ 2,636 Taxes, other than income tax 1,397 1,670 Other 1,602 1,069 Total $ 5,055 $ 5,375 *The above amounts in 2019 include costs associated with the subsequent termination of the Company’s CEO pursuant to a severance and separation agreement totaling $731,000.

Commitments and Contingencies

Commitments and Contingencies	12 Months Ended
	Sep. 29, 2020
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	5. Commitments and Contingencies : As of September 29, 2020, the Company had total commitments outstanding of $353,000 related to a construction contract for one Bad Daddy’s restaurant currently under development. We anticipate these commitments will be funded out of existing cash or future borrowings against the Cadence Bank credit facility. There may be various claims in process, matters in litigation, and other contingencies brought against the company by employees, vendors, customers, franchisees, or other parties. Evaluating these contingencies is a complex process that may involve substantial judgment on the potential outcome of such matters, and the ultimate outcome of such contingencies may differ from our current analysis. We regularly review the adequacy of accruals and disclosures related to such contingent liabilities in consultation with legal counsel. While it is not possible to predict the outcome of these claims with certainty, it is management’s opinion that any reasonably possible losses associated with such contingencies would be immaterial to our financial statements.

Leases

Leases	12 Months Ended
	Sep. 29, 2020
Lessee Disclosure [Abstract]
Leases	6. Leases : The Company’s office space and the land and buildings related to the Drive Thru and Bad Daddy’s restaurant facilities are classified as operating leases and expire over the next 18 years. Some leases contain escalation clauses over the lives of the leases. Most of the leases contain one to three five-year renewal options at the end of the initial term. Certain leases include provisions for additional contingent rent payments if sales volumes exceed specified levels. The Company paid $18,000 and $32,000 in contingent rentals for fiscal 2020 and fiscal 2019, respectively. The Company determines if a contract contains a lease at inception. The Company's material long-term operating lease agreements are for the land and buildings for our restaurants as well as our corporate office. The initial lease terms range from 10 years to 20 years, most of which include renewal options of 10 to 15 years. The lease term is generally the minimum of the noncancelable period or the lease term including renewal options which are reasonably certain of being exercised up to a term of approximately 20 years. Some of the leases provide for base rent, plus additional rent based on gross sales, as defined in each lease agreement. The Company is also generally obligated to pay certain real estate taxes, insurance and common area maintenance charges, and various other expenses related to properties, which are expensed as incurred. Components of operating lease costs in the consolidated statements of operations for the fiscal year ended September 29, 2020 are as follows (in thousands): Classification Fiscal 2020 Operating lease cost Occupancy, Other restaurant operating costs $ 7,204 Variable lease cost Occupancy 80 Sublease income Occupancy (500 ) Total lease expense $ 6,784 Components of lease assets and liabilities on the consolidated balance sheets as of September 29, 2020 are as follows (in thousands): Classification September 29, 2020 Right-of-use assets Operating lease assets $ 49,252 Current lease liabilities Operating lease liability $ 4,689 Non-current lease liabilities Operating lease liability, less current portion 53,731 Total lease liabilities $ 58,420 Supplemental cash flow disclosures for the fiscal year ended September 29, 2020 (in thousands): Fiscal 2020 Cash paid for operating lease liabilities $ 6,840 Non-cash operating lease assets obtained in exchange for operating lease $ 2,390 Weighted average lease term and discount rate are as follows: September 29, 2020 Weighted average remaining lease term (in years) 10.4 Weighted average discount rate 5.0 % Future minimum rent payments for our operating leases for each of the next five years as of September 29, 2020 are as follows (in thousands): Fiscal year ending: Total 2021 $ 7,491 2022 7,489 2023 7,534 2024 7,382 2025 7,483 Thereafter 38,765 Total minimum lease payments 76,144 Less: imputed interest (17,724 ) Present value of lease liabilities $ 58,420 The above future minimum rental amounts exclude the amortization of deferred lease incentives, renewal options that are not reasonably assured of renewal, and contingent rent. The Company generally has escalating rents over the term of the leases and records rent expense on a straight-line basis.

Income Taxes

Income Taxes	12 Months Ended
	Sep. 29, 2020
Income Tax Disclosure [Abstract]
Income Taxes	7. Income Taxes : Deferred tax assets (liabilities) are comprised of the following at the period end (in thousands): September 29, 2020 September 24, 2019 Deferred income tax assets (liabilities): Tax effect of net operating loss carry-forward $ 2,686 $ 4,631 General business credits 3,618 3,065 Partnership/joint venture basis differences (2 ) (58 ) Deferred revenue 80 89 Property and Equipment basis differences (1,866 ) (1,315 ) Intangibles basis differences 1,087 (1,107 ) ROU asset (10,516 ) - Long-term lease liability 12,549 - Other accrued liability and asset difference (232 ) 1,335 Deferred tax assets 7,404 6,640 Less valuation allowance (7,404 ) (6,640 ) Net deferred tax asset (liabilities) $ - $ - The Company has net operating loss carry-forwards available for future periods, as discussed below, of approximately $8,994,000 from 2019 and $1,686,000 from 2011 and prior for income tax purposes. The net operating loss carry-forwards from periods prior to 2019 expire between 2030 and 2032. Based on the change in control, which occurred in 2011, the utilization of the loss carry-forwards incurred for periods prior to 2012 is limited to approximately $160,000 per year. The Company has general business tax credits of $3,618,000 from 2015 through 2020 which expire from 2034 through 2039. The Company continually reviews the realizability of its deferred tax assets, including an analysis of factors such as future taxable income, reversal of existing taxable temporary differences, and tax planning strategies. The Company assessed whether a valuation allowance should be recorded against its deferred tax assets based on consideration of all available evidence using a "more likely than not" standard. In assessing the need for a valuation allowance, the company considered both positive and negative evidence related to the likelihood of realization of deferred tax assets. In making such assessment, more weight was given to evidence that could be objectively verified, including recent cumulative losses. Future sources of taxable income were also considered in determining the amount of the recorded valuation allowance. Based on the Company's review of this evidence, management determined that a full valuation allowance against all of the Company's deferred tax assets was appropriate. The following table summarizes the components of the provision for income taxes (in thousands): Fiscal 2020 Fiscal 2019 Current income tax benefit (expense) $ - $ - Deferred income tax benefit (expense) - - Total income tax benefit (expense) $ - $ - Total income tax expense for the years ended September 29, 2020 and September 24, 2019 differed from the amounts computed by applying the U.S. Federal statutory tax rate to pre-tax income as follows (in thousands): Fiscal 2020 Fiscal 2019 Total benefit computed by applying statutory federal rate $ (2,922 ) $ (1,079 ) State income tax, net of federal tax benefit (51 ) (153 ) FICA/WOTC tax credits (550 ) (702 ) Effect of change in valuation allowance 763 1,787 Permanent differences 2,510 87 Other 250 60 Provision for income taxes $ - $ - The Company has adopted Accounting Standards Update (ASU) No. 2015-17, Income Tax (Topic 740): Balance Sheet Classification of Deferred Taxes, which requires that all deferred tax assets and liabilities, along with any related valuation allowance, be classified as noncurrent on the balance sheet. The Company will apply this ASU retrospectively to all periods presented.

Stockholders' Equity

Stockholders' Equity	12 Months Ended
	Sep. 29, 2020
Stockholders' Equity Note [Abstract]
Stockholders' Equity	8. Stockholders’ Equity : Preferred Stock The Company has the authority to issue 5,000,000 shares of preferred stock. The Board of Directors has the authority to issue such preferred shares in series and determine the rights and preferences of the shares as may be determined by the Board of Directors. Common Stock The Company has the authority to issue 50,000,000 shares of common stock with a par value of $.001. As of September 29, 2020 and September 24, 2019 there were 12,612,852 and 12,541,082 shares outstanding, respectively. Stock Plans The Company has traditionally maintained incentive compensation plans that include provision for the issuance of equity-based awards. The Company established the 2008 Omnibus Equity Incentive Compensation Plan in 2008 (the “2008 Plan”) and has outstanding awards that were issued under the 2008 Plan. Subsequently, the 2008 Plan expired in 2018 and the Company established a new plan, the 2018 Omnibus Equity Incentive Plan (the “2018 Plan”) during the third fiscal quarter of 2018, pursuant to shareholder approval. Future awards will be issued under the 2018 plan. 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 service period (generally the vesting period of the grant). The Company recognizes the impact of forfeitures as forfeitures occur. The Company recorded $283,000 and $719,000 in total stock option and restricted stock compensation expense during fiscal years 2020 and 2019, respectively, that was classified as general and administrative costs. The amount for fiscal 2019 includes stock compensation cost associated with the subsequent termination of the Company’s CEO pursuant to a severance and separation agreement totaling $277,000. Stock Option Awards The Company measures the compensation cost associated with stock option awards by estimating the fair value of the award as of the grant date using the Black-Scholes 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 and stock awards granted during fiscal 2020 and fiscal 2019. Estimates of fair value are not intended to predict actual future events or the value ultimately realized by the employees who receive equity awards. During the fiscal year ended September 29, 2020, there were no incentive stock options granted. During the fiscal year ended September 24, 2019, the Company granted a total of 99,832 incentive stock options, from available shares under its 2018 Plan, with exercise prices between $4.66 and $5.00 and per-share weighted average fair values between $2.68 and $3.16. In addition to the exercise and grant date prices of the stock option awards, certain weighted average assumptions that were used to estimate the fair value of stock option grants are listed in the following table: Incentive and Non-Statutory Stock Options Fiscal Year 2019 Expected term (years) 7.5 Expected volatility 70.65% to 70.80% Risk-free interest rate 3.01% to 3.10% Expected dividends 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. The following table summarizes stock option activity for fiscal year 2020 under all plans: Shares Weighted Weighted Average Outstanding-beg of year 703,164 $ 3.53 Options exercised (15,646 ) $ 1.48 Forfeited (48,671 ) $ 3.74 Expired (8,579 ) $ 3.45 Outstanding Sept 29, 2020 630,268 $ 3.56 5.1 Exercisable Sept 29, 2020 473,051 $ 3.38 4.3 As of September 29, 2020, the aggregate intrinsic value of both the outstanding and exercisable options was $5,000. Only options whose exercise price is below the current market price of the underlying stock are included in the intrinsic value calculation. As of September 29, 2020, the total remaining unrecognized compensation cost related to non-vested stock options was $194,000 and is expected to be recognized over a weighted average period of approximately 1.8 years. There were 15,646 stock options exercised that resulted in an issuance of 2,413 shares during fiscal 2020 with no proceeds in conjunction with the termination of the Company’s CEO pursuant to a severance and separation agreement. There were 667 stock options exercised during fiscal 2019 with proceeds of approximately $3,000. Restricted Stock Units During the fiscal year ended September 29, 2020, the Company granted a total of 60,336 restricted stock units from available shares under its 2018 Plan. 46,336 shares were issued with a grant date fair market value of $1.54 which is equal to the closing price of the stock on the date of the grant. These restricted stock units vest three years following the grant date. 14,000 shares were issued with a grant date fair market value of $1.67 which is equal to the closing price of the stock on the date of the grant. These restricted stock units vested on their grant date. During the fiscal year ended September 24, 2019, the Company granted a total of 79,988 restricted stock units from available shares under its 2018 Plan. The shares were issued with a grant date fair market value of $3.95 which is equal to the closing price of the stock on the date of the grant. The restricted stock units vest over three years following the grant date. A summary of the status of non-vested restricted stock as of September 29, 2020 and changes during fiscal 2020 is presented below: Shares Grant Date Fair Non-vested shares at beg of year 165,275 $2.70 to $3.95 Granted 60,336 $1.54 to $1.67 Forfeited (8,992 ) $3.55 to $3.95 Vested (124,015 ) $1.67 to $3.95 Non-vested shares at Sept 29, 2020 92,604 $1.54 to $3.95 As of September 29, 2020, there was $159,000 of total unrecognized compensation cost related to non-vested restricted stock. This cost is expected to be recognized over a weighted average period of approximately .80 years. Non-controlling Interests Non-controlling interests are presented as a separate item in the stockholders’ equity section of the consolidated balance sheets. The amount of consolidated net income or loss attributable to non-controlling interests is presented on the face of the consolidated statements 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 based on the fair value on the deconsolidation date. The equity interests of the unrelated limited partners and members are shown on the accompanying consolidated balance sheets in the stockholders’ equity section as a non-controlling interest and is adjusted each period to reflect the limited partners’ and members’ share of the net income or loss as well as any cash contributions or distributions to or from the limited partners and members for the period. The limited partners’ and members’ share of the net income or loss in the subsidiary is shown as non-controlling interest income or expense in the accompanying consolidated statements of operations. All inter-company accounts and transactions are eliminated. The following table summarizes the activity in non-controlling interests during the year ended September 29, 2020 (in thousands): Bad Daddy’s Good Times Total Balance at September 24, 2019 $ 1,190 $ 332 $ 1,522 Income attributable to non-controlling interests $ 493 $ 629 $ 1,122 Net Distributions to unrelated limited partners* $ (660 ) $ (691 ) $ (1,351 ) Balance at September 29, 2020 $ 1,023 $ 270 $ 1,293 * Includes $352,000 of distributions reflected on our consolidated balance sheet in other accrued liabilities at September 29, 2020. Our non-controlling interests consist of one joint venture partnership involving Good Times restaurants and five joint venture partnerships involving five Bad Daddy’s restaurants.

Retirement Plan

Retirement Plan	12 Months Ended
	Sep. 29, 2020
Retirement Benefits [Abstract]
Retirement Plan	9. Retirement Plan : The Company sponsors a qualified defined contribution 401(k) plan for employees meeting certain eligibility requirements. Under the plan, employees are entitled to make contributions on both a pre-tax basis or after-tax basis (Roth Contributions). In fiscal year 2015 the Company modified the plan to include a provision to make a Safe Harbor Matching Contribution to all participating employees. The Company will match, on a dollar-for-dollar basis, the first 3% of eligible pay contributed by employees. The Company will also match 50% of each dollar contributed between 3% and 5% of eligible pay contributed by employees. The Company may, at its discretion, make additional contributions to the Plan or change the matching percentage. The Company’s matching contribution expense in fiscal 2020 and 2019 was $177,000 and $225,000, respectively. The matching contribution is typically contributed to the plan in the fiscal year following the year in which the expense is recognized.

Segment Reporting

Segment Reporting	12 Months Ended
	Sep. 29, 2020
Segment Reporting [Abstract]
Segment Reporting	10. Segment Reporting: All of our Good Times Burgers and Frozen Custard restaurants (“Good Times”) compete in the quick-service drive-through dining industry while our Bad Daddy’s Burger Bar restaurants (“Bad Daddy’s”) compete in the full-service upscale casual dining industry. We believe that providing this additional financial information for each of our brands will provide a better understanding of our overall operating results. Income (loss) from operations represents revenues less restaurant operating costs and expenses, directly allocable general and administrative expenses, and other restaurant-level expenses directly associated with each brand including depreciation and amortization, pre-opening costs and losses or gains on disposal of property and equipment. Unallocated corporate capital expenditures are presented below as reconciling items to the amounts presented in the consolidated financial statements. The following tables present information about our reportable segments for the respective periods (in thousands): Fiscal Year 2020 2019 Revenues Bad Daddy’s $ 76,538 $ 80,124 Good Times 33,320 30,631 $ 109,858 $ 110,755 Income (loss) from operations Bad Daddy’s $ (14,837 ) $ (2,788 ) Good Times 3,035 704 Corporate (239 ) (1,411 ) $ (12,041 ) $ (3,495 ) Capital Expenditures Bad Daddy’s $ 2,351 $ 7,016 Good Times 212 993 Corporate 33 70 $ 2,596 $ 8,079 Property & Equipment, net Bad Daddy’s $ 23,586 $ 30,479 Good Times 3,874 4,890 Corporate 209 308 $ 27,669 $ 35,677

Subsequent Events

Subsequent Events	12 Months Ended
	Sep. 29, 2020
Subsequent Events [Abstract]
Subsequent Events	11. Subsequent Events: The global crisis resulting from the spread of COVID-19 continues to have a substantial impact on our restaurant operations. In November 2020 most of our Bad Daddy’s dining rooms in Colorado closed again due to government requirements, which has resulted in lower average weekly sales for those restaurants. Should additional dining room closures occur, our business would be adversely affected. Even without government orders, customers may choose to reduce or eliminate in-restaurant dining because of increasing numbers of COVID-19 cases, hospitalizations, or deaths.

Organization and Summary of S_2

Organization and Summary of Significant Accounting Policies (Policies)	12 Months Ended
	Sep. 29, 2020
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Organization	Organization BD of Colo was formed by Good Times Restaurants Inc. in 2013 to develop Bad Daddy’s Burger Bar restaurants in the state of Colorado. Subsequently, BDI and BDFD were acquired by Good Times Restaurants Inc. on May 7, 2015. Combined, these entities compose our Bad Daddy’s operating segment, which as of September 29, 2020, operates thirty-two company-owned and five joint-venture full-service small-box casual dining restaurants under the name Bad Daddy’s Burger Bar, primarily located in Colorado and in the Southeast region of the United States, franchises one restaurant in South Carolina, and licenses the Bad Daddy’s brand for use at an airport Bad Daddy’s restaurant under third-party operations and ownership. Drive Thru commenced operations in 1986 and as of September 29, 2020, operates eighteen Company-owned and seven joint-venture drive-thru fast food hamburger restaurants under the name Good Times Burgers & Frozen Custard, all of which are located in Colorado. In addition, Drive Thru has eight franchisee-owned restaurants, with six operating in Colorado and two in Wyoming. We follow accounting standards set by the Financial Accounting Standards Board, commonly referred to as the “FASB”. The FASB sets generally accepted accounting principles (GAAP) that we follow to ensure we consistently report our financial condition, results of operations, and cash flows.
COVID-19 Pandemic	COVID-19 Pandemic Our operating results substantially depend upon our ability to drive traffic to our restaurants, and for our Bad Daddy’s Burger Bar restaurants, to serve guests in our dining rooms. We cannot currently estimate the duration of the impact of the COVID-19 pandemic on our business; neither are we able to predict how the pandemic will evolve nor how various government entities will respond to its evolution. In November 2020 several of our dining rooms in Colorado closed again due to government requirements, which we expect to result in lower average weekly sales for those restaurants. Should additional dining room closures occur, our business would be adversely affected. Even without government orders, customers may choose to reduce or eliminate in-restaurant dining because of increasing numbers of COVID-19 cases, hospitalizations, or deaths. Additionally, in connection with spread of COVID-19, there have been disruptions in various food supply chains in the United States. Our operating results substantially depend upon our ability to obtain sufficient quantities of products such as beef, bacon, and other products used in the production of items served and sold to our guests. Ongoing impacts of the COVID-19 pandemic could result in product shortages and in turn could require us to serve a limited menu, restrict number of items purchased per guest, or close some or all of our restaurants for an indeterminate period of time. Ongoing material adverse impacts from the COVID-19 pandemic could result in reduced revenue and cash flow and could affect our assessments of impairment of intangible assets, long-lived assets, or goodwill. We took extraordinary actions to increase our liquidity in response to COVID-19, including temporarily reducing employee pay, reductions in force, and obtaining Paycheck Protection Program (the “PPP”) loans. The PPP is sponsored by the Small Business Administration (the “SBA”). The PPP is part of the Coronavirus Aid, Relief and Economic Security Act (the “CARES Act”). We have since significantly increased employment levels and restored pay to employees as of the date of this report. Although we currently have a meaningful cash balance and generated significant cash flow from operations during the fourth fiscal quarter, should business decline significantly as a result of the pandemic we would not likely be able to take some of the same actions without negatively impacting the long-term viability of the business. The COVID-19 pandemic is adversely affecting the availability of liquidity generally in the credit markets, and there can be no guarantee that additional liquidity will be available on favorable terms, or at all, especially the longer the COVID-19 pandemic lasts or if it were to reoccur.
Fiscal Year	Fiscal Year
Principles of Consolidation	Principles of Consolidation
Advertising Costs	Advertising Costs
Accounting Estimates	Accounting Estimates
Reclassification	Reclassification
Cash and Cash Equivalents	Cash and Cash Equivalents
Accounts Receivable	Accounts Receivable
Inventories	Inventories
Property and Equipment	Property and Equipment Maintenance and repairs are charged to expense as incurred, and expenditures for major improvements are capitalized. When assets are retired, or otherwise disposed of, the property accounts are relieved of costs and accumulated depreciation with any resulting gain or loss credited or charged to income.
Trademarks	Trademarks
Goodwill	Goodwill The following table presents goodwill associated with each reporting unit as of September 29, 2020 and September 24, 2019 (in thousands): September 29, 2020 September 24, 2019 Good Times $ 96 $ 96 Bad Daddy’s 5,054 15,054 Total $ 5,150 $ 15,150 In March 2020, the outbreak of the COVID-19 pandemic prompted authorities in most jurisdictions where the Company operates to issue stay-at-home orders, leading to an unexpected significant disruption to the Company's business requiring the Company to close its restaurant dining rooms and operate its Bad Daddy’s restaurants under a delivery and carry-out model. As such, the consequences of the outbreak of the COVID-19 pandemic coupled with a sustained decline in the Company's stock price were determined to be indicators of impairment for its Bad Daddy’s reporting unit. As such, using Level 3 inputs, the Company performed a quantitative goodwill impairment assessment using both the discounted cash flow method and guideline public company method to determine the fair value of its reporting unit. Significant assumptions and estimates used in determining fair value include future revenues, operating costs, working capital changes, capital expenditures, and a discount rate that approximates the Company's weighted average cost of capital. Based on the quantitative assessment, the Company determined that the fair value of its reporting unit was less than its carrying value and recognized a non-cash goodwill impairment charge of $10.0 million in the fiscal quarter ending March 31,2020, equal to the excess of the Bad Daddy’s reporting unit's carrying value above its fair value. No goodwill impairment charges were recognized related to goodwill attributable to its Good Times reporting unit.
Impairment of Long-Lived Assets	Impairment of Long-Lived Assets Given the results of our analysis at September 24, 2019, we identified five restaurants where the expected future cash flows would not be sufficient to recover the carrying value of the associated assets. Two of these restaurants are Good Times restaurants in Colorado. We recorded a non-cash charge of $391,000, related to the impairment of these restaurants in the fiscal quarter ending September 24, 2019. In July of 2019, the Company entered into a sublease agreement for one of the two restaurants and the tenant took possession on January 1, 2020 and the sublease commenced in May 2020. Three of these restaurants are Bad Daddy’s restaurants, two in Colorado and one in South Carolina. We recorded non-cash charges of $2,380,000 related to the impairment of these restaurants during the fiscal quarter ending September 24, 2019. Given the results of our analysis at March 31, 2020, we identified five additional restaurants where the expected future cash flows would not be sufficient to recover the carrying value of the associated assets. The restaurants are all Bad Daddy’s restaurants, two in North Carolina and one each in Tennessee, Georgia and Colorado. We recorded non-cash charges of $4,359,000 related to the impairment of these restaurants during the quarter ending March 31, 2020. Given the results of our analysis at June 30, 2020, we identified one additional Bad Daddy’s restaurant in Colorado where the expected future cash flows would not be sufficient to recover the carrying value of the associated assets and recorded non-cash charges of $932,000 related to the impairment of this restaurant during the quarter ending June 30, 2020. Given the results of our analysis at September 29, 2020, we identified one additional Good Times restaurant where the expected future cash flows would not be sufficient to recover the carrying value of the associated assets and recorded non-cash charges of $315,000 related to the impairment of this restaurant during the quarter ending September 29, 2020.
Leases	Leases The Company determines if a contract contains a lease at inception. The Company's material long-term operating lease agreements are for the land and buildings for our restaurants as well as our corporate office. The lease term begins on the date that the Company takes possession under the lease, including the pre-opening period during construction, when in most cases the Company is not making rent payments. Operating lease assets and liabilities are recognized at the lease commencement date for material leases with a term of greater than 12 months. Operating lease liabilities represent the present value of future minimum lease payments. Since our leases do not provide an implicit rate, our operating lease liabilities are calculated using our estimated incremental borrowing rate based on a collateralized borrowing over the term of each individual lease. Minimum lease payments include only fixed lease components of the agreement, as well as variable rate payments that depend on an index, initially measured using the index at the lease commencement date. Operating lease assets represent our right to use an underlying asset and are based upon the operating lease liabilities adjusted for prepaid or accrued lease payments, initial direct costs and lease incentives. Lease incentives are recognized when earned and reduce our operating lease asset related to the lease. They are amortized through the operating lease assets as reductions of rent expense over the lease term. Operating lease expense is recognized on a straight-line basis over the lease term. Certain of the Company’s operating leases contain clauses that provide for contingent rent based on a percentage of sales greater than certain specified target amounts. Variable lease payments that do not depend on a rate or index, escalation in the index subsequent to the initial measurement, payments associated with non-lease components such as common area maintenance, real estate taxes and insurance, and short-term lease payments (leases with a term with 12 months or less) are expensed as incurred or when the achievement of the specified target that triggers the contingent rent is considered probable.
Deferred Liabilities	Deferred Liabilities
Revenue Recognition	Revenue Recognition The Company recognizes revenues in the form of restaurant sales at the time of the sale when payment is made by the customer, as the Company has completed its performance obligation, namely the provision of food and beverage, and the accompanying customer service, during the customer’s visit to the restaurant. The Company sells gift cards to customers and recognizes revenue from the gift card when it is redeemed and the performance obligation is completed, primarily in the form of restaurant revenue. Gift Card breakage, which is recognized when the likelihood of a gift card being redeemed is remote, is determined based upon the Company’s historic redemption patterns, and is immaterial to our overall financial statements. Revenues we receive from our franchise and license agreements include sales-based royalties, and from our franchise agreements also may include advertising fund contributions, area development fees, and franchisee fees. We recognize sales-based royalties from franchisees and licensees as the underlying sales occur. We similarly recognize advertising fund contributions from franchisees as the underlying sales occur. The Company also provides its franchisees with services associated with opening new restaurants and operating them under franchise and development agreements in exchange for area development and franchise fees. The Company would capitalize these fees upon receipt from the franchisee and then would amortize those over the contracted franchise term as the services comprising the performance obligations are satisfied. We have not received material development or franchise fees in the years presented, and the primary performance obligations under existing franchise and development agreements have been satisfied prior to the earliest period presented in our financial statements.
Preopening Costs	Preopening Costs
Income Taxes	Income Taxes The Company is subject to U.S. federal income tax and income tax in multiple U.S state jurisdictions. The Company continues to remain subject to examination by federal authorities and state jurisdictions generally for fiscal years after 2015. 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 September 29, 2020.
Net Income (Loss) Per Common Share	Net Income (Loss) Per Common Share
Financial Instruments and Concentrations of Credit Risk	Financial Instruments and Concentrations of Credit Risk Financial instruments potentially subjecting the Company to concentrations of credit risk consist principally of receivables. At September 29, 2020 notes receivable totaled $13,000 and is due from two entities. Additionally, the Company has other current receivables totaling $656,000, which includes $77,000 of franchise receivables, $338,000 related to lease incentives, and $241,000 for miscellaneous receivables which are all due in the normal course of business. The Company believes it will collect fully on all notes and receivables. The Company purchases most of its restaurant food and paper from two vendors. The Company believes a sufficient number of other suppliers exist from which food and paper could be purchased to prevent any long-term, adverse consequences. 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.
Stock-Based Compensation	Stock-Based Compensation
Variable Interest Entities	Variable Interest Entities
Fair Value of Financial Instruments	Fair Value of Financial Instruments The following three levels of inputs may be used to measure fair value and require that the assets or liabilities carried at fair value are disclosed by the input level under which they were valued. Level 1: Quoted market prices in active markets for identical assets and liabilities. Level 2: Observable inputs other than defined in Level 1, such as quoted prices for similar assets or liabilities; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the assets or liabilities. Level 3: Unobservable inputs that are not corroborated by observable market data.
Non-controlling Interests	Non-controlling Interests Our non-controlling interests currently consist of one joint venture partnership involving Good Times restaurants and five joint venture partnerships involving five Bad Daddy’s restaurants.
Recent Accounting Pronouncements	Recent Accounting Pronouncements We elected the optional transition method option to apply the standard as of the effective date and therefore, we will not apply the standard to the comparative periods presented in our consolidated financial statements. The adoption of this standard had a significant impact on the Company’s consolidated balance sheets as we recognized the right-of-use assets and lease liabilities for our operating leases. The adoption had an immaterial impact on the Company’s consolidated statements of operations, cash flows and overall liquidity. We elected to utilize the three practical expedients permitted within the standard, which eliminates the requirement to reassess the conclusions about historical lease identifications, lease classifications, and initial direct costs. We did not elect the hindsight practical expedient, which permits the use of hindsight when determining lease terms and impairments of right-of-use assets. Additionally, we elected to utilize the short-term lease exception policy, which allows us to not apply the recognition requirements of this standard to leases with a term of 12 months or less. In January 2017, the FASB issued ASU No. 2017-04, “Intangibles – Goodwill and Other (Topic 350) – Simplifying the Test for Goodwill Impairment,” which eliminates Step 2 from the impairment test applied to goodwill. Under the new standard, goodwill impairment tests will compare the fair value of a reporting unit with its carrying amount. An impairment charge will be recognized for the amount by which the carrying amount exceeds the reporting unit’s fair value, not to exceed the total amount of goodwill. This pronouncement is effective for annual and interim periods beginning after December 15, 2019 and should be applied on a prospective basis. We adopted this ASU effective as of the quarter-end March 26, 2019. The adoption of the new standard did not have a material impact on our financial position or results from operations. The Company reviewed all other recently issued accounting pronouncements and concluded that they were either not applicable or not expected to have a significant impact on the Company’s consolidated financial statements.

Organization and Summary of S_3

Organization and Summary of Significant Accounting Policies (Tables)	12 Months Ended
	Sep. 29, 2020
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Schedule of Goodwill	The following table presents goodwill associated with each reporting unit as of September 29, 2020 and September 24, 2019 (in thousands): September 29, 2020 September 24, 2019 Good Times $ 96 $ 96 Bad Daddy’s 5,054 15,054 Total $ 5,150 $ 15,150

Goodwill and Intangible Assets

Goodwill and Intangible Assets (Tables)	12 Months Ended
	Sep. 29, 2020
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Goodwill and Intangible Assets	The following table presents goodwill and intangible assets as of September 29, 2020 and September 24, 2019 (in thousands): September 29, 2020 September 24, 2019 Gross Amount Accumulated Amortization Net Amount Gross Amount Accumulated Amortization Net Amount Intangible assets subject to Franchise rights $ - $ - $ - $ 116 $ (104 ) $ 12 Non-compete agreements 50 (28 ) 22 65 (26 ) 39 $ 50 $ (28 ) $ 22 $ 181 $ (130 ) $ 51 Indefinite-lived intangible Trademarks $ 3,900 $ - $ 3,900 $ 3,900 $ - $ 3,900 Intangible assets, net $ 3,950 $ (28 ) $ 3,922 $ 4,081 $ (130 ) $ 3,951 Goodwill $ 5,150 $ - $ 5,150 $ 15,150 $ - $ 15,150
Schedule of Estimated Aggregate Future Amortization Expense For Finite-Lived Intangible Assets	The estimated aggregate future amortization expense as of September 29, 2020 is as follows (in thousands): 2021 16 2022 6 $ 22

Notes Payable and Long-Term D_2

Notes Payable and Long-Term Debt (Tables)	12 Months Ended
	Sep. 29, 2020
Debt Disclosure [Abstract]
Summary of Long-term Debt Maturity	The components of long-term debt as reflected on our consolidated balance sheets are as follows (in thousands): September 29, 2020 September 24, 2019 Current Maturities Cadence Credit Facility $ 1,000 - PPP Loans 5,242 - Total Current Maturities $ 6,242 $ - Maturities due after One Year Cadence Credit Facility 4,500 12,850 PPP Loans 6,403 - Total Maturities after One Year $ 10,903 $ 12,850

Other Accrued Liabilities (Tabl

Other Accrued Liabilities (Tables)	12 Months Ended
	Sep. 29, 2020
Accrued Liabilities and Other Liabilities [Abstract]
Schedule of Other Accrued Liabilities	Other accrued liabilities consist of the following (in thousands): September 29, 2020 September 24, 2019* Wages and other employee benefits $ 2,056 $ 2,636 Taxes, other than income tax 1,397 1,670 Other 1,602 1,069 Total $ 5,055 $ 5,375 *The above amounts in 2019 include costs associated with the subsequent termination of the Company’s CEO pursuant to a severance and separation agreement totaling $731,000.

Leases (Tables)

Leases (Tables)	12 Months Ended
	Sep. 29, 2020
Lessee Disclosure [Abstract]
Schedule of Components of Lease Expense	Components of operating lease costs in the consolidated statements of operations for the fiscal year ended September 29, 2020 are as follows (in thousands): Classification Fiscal 2020 Operating lease cost Occupancy, Other restaurant operating costs $ 7,204 Variable lease cost Occupancy 80 Sublease income Occupancy (500 ) Total lease expense $ 6,784
Schedule of Components of lease assets and liabilities	Components of lease assets and liabilities on the consolidated balance sheets as of September 29, 2020 are as follows (in thousands): Classification September 29, 2020 Right-of-use assets Operating lease assets $ 49,252 Current lease liabilities Operating lease liability $ 4,689 Non-current lease liabilities Operating lease liability, less current portion 53,731 Total lease liabilities $ 58,420
Schedule of Supplemental Cash Flow Information Related to Leases	Supplemental cash flow disclosures for the fiscal year ended September 29, 2020 (in thousands): Fiscal 2020 Cash paid for operating lease liabilities $ 6,840 Non-cash operating lease assets obtained in exchange for operating lease $ 2,390
Schedule of Weighted Average Lease Term and Discount Rate	Weighted average lease term and discount rate are as follows: September 29, 2020 Weighted average remaining lease term (in years) 10.4 Weighted average discount rate 5.0 %
Schedule of Future Minimum Rent Payments Related to Operating Leases	Future minimum rent payments for our operating leases for each of the next five years as of September 29, 2020 are as follows (in thousands): Fiscal year ending: Total 2021 $ 7,491 2022 7,489 2023 7,534 2024 7,382 2025 7,483 Thereafter 38,765 Total minimum lease payments 76,144 Less: imputed interest (17,724 ) Present value of lease liabilities $ 58,420

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
	Sep. 29, 2020
Income Tax Disclosure [Abstract]
Schedule of Deferred Tax Assets and Liabilities	Deferred tax assets (liabilities) are comprised of the following at the period end (in thousands): September 29, 2020 September 24, 2019 Deferred income tax assets (liabilities): Tax effect of net operating loss carry-forward $ 2,686 $ 4,631 General business credits 3,618 3,065 Partnership/joint venture basis differences (2 ) (58 ) Deferred revenue 80 89 Property and Equipment basis differences (1,866 ) (1,315 ) Intangibles basis differences 1,087 (1,107 ) ROU asset (10,516 ) - Long-term lease liability 12,549 - Other accrued liability and asset difference (232 ) 1,335 Deferred tax assets 7,404 6,640 Less valuation allowance (7,404 ) (6,640 ) Net deferred tax asset (liabilities) $ - $ -
Schedule of Income Tax Benefit Expense	The following table summarizes the components of the provision for income taxes (in thousands): Fiscal 2020 Fiscal 2019 Current income tax benefit (expense) $ - $ - Deferred income tax benefit (expense) - - Total income tax benefit (expense) $ - $ -
Schedule of Income Tax Expense	Total income tax expense for the years ended September 29, 2020 and September 24, 2019 differed from the amounts computed by applying the U.S. Federal statutory tax rate to pre-tax income as follows (in thousands): Fiscal 2020 Fiscal 2019 Total benefit computed by applying statutory federal rate $ (2,922 ) $ (1,079 ) State income tax, net of federal tax benefit (51 ) (153 ) FICA/WOTC tax credits (550 ) (702 ) Effect of change in valuation allowance 763 1,787 Permanent differences 2,510 87 Other 250 60 Provision for income taxes $ - $ -

Stockholders' Equity (Tables)

Stockholders' Equity (Tables)	12 Months Ended
	Sep. 29, 2020
Stockholders' Equity Note [Abstract]
Schedule of Weighted Average Assumptions Used to Estimate Fair Value of Stock Option Grants	In addition to the exercise and grant date prices of the stock option awards, certain weighted average assumptions that were used to estimate the fair value of stock option grants are listed in the following table: Incentive and Non-Statutory Stock Options Fiscal Year 2019 Expected term (years) 7.5 Expected volatility 70.65% to 70.80% Risk-free interest rate 3.01% to 3.10% Expected dividends 0
Schedule of Stock Option Activity under Share Based Compensation Plan	The following table summarizes stock option activity for fiscal year 2020 under all plans: Shares Weighted Weighted Average Outstanding-beg of year 703,164 $ 3.53 Options exercised (15,646 ) $ 1.48 Forfeited (48,671 ) $ 3.74 Expired (8,579 ) $ 3.45 Outstanding Sept 29, 2020 630,268 $ 3.56 5.1 Exercisable Sept 29, 2020 473,051 $ 3.38 4.3
Schedule of Non-vested Restricted Stock Activity	A summary of the status of non-vested restricted stock as of September 29, 2020 and changes during fiscal 2020 is presented below: Shares Grant Date Fair Non-vested shares at beg of year 165,275 $2.70 to $3.95 Granted 60,336 $1.54 to $1.67 Forfeited (8,992 ) $3.55 to $3.95 Vested (124,015 ) $1.67 to $3.95 Non-vested shares at Sept 29, 2020 92,604 $1.54 to $3.95
Schedule of Noncontrolling Interest	The following table summarizes the activity in non-controlling interests during the year ended September 29, 2020 (in thousands): Bad Daddy’s Good Times Total Balance at September 24, 2019 $ 1,190 $ 332 $ 1,522 Income attributable to non-controlling interests $ 493 $ 629 $ 1,122 Net Distributions to unrelated limited partners* $ (660 ) $ (691 ) $ (1,351 ) Balance at September 29, 2020 $ 1,023 $ 270 $ 1,293

Segment Reporting (Tables)

Segment Reporting (Tables)	12 Months Ended
	Sep. 29, 2020
Segment Reporting [Abstract]
Schedule of Reportable Segments	The following tables present information about our reportable segments for the respective periods (in thousands): Fiscal Year 2020 2019 Revenues Bad Daddy’s $ 76,538 $ 80,124 Good Times 33,320 30,631 $ 109,858 $ 110,755 Income (loss) from operations Bad Daddy’s $ (14,837 ) $ (2,788 ) Good Times 3,035 704 Corporate (239 ) (1,411 ) $ (12,041 ) $ (3,495 ) Capital Expenditures Bad Daddy’s $ 2,351 $ 7,016 Good Times 212 993 Corporate 33 70 $ 2,596 $ 8,079 Property & Equipment, net Bad Daddy’s $ 23,586 $ 30,479 Good Times 3,874 4,890 Corporate 209 308 $ 27,669 $ 35,677

Organization and Summary of S_4

Organization and Summary of Significant Accounting Policies (Details) - USD ($) $ in Thousands	3 Months Ended				12 Months Ended
	Sep. 29, 2020	Jun. 30, 2020	Mar. 31, 2020	Sep. 24, 2019	Sep. 29, 2020	Sep. 24, 2019
Organization And Summary Of Significant Accounting Policies [Line Items]
Advertising expenses					$ 244	$ 310
FDIC insured limit	$ 250				250
Goodwill	5,150			$ 15,150	5,150	15,150
Goodwill impairment loss					10,000
Deferred liability	$ 1,200				$ 1,200
Percentage of deferred employment tax	50.00%				50.00%
Notes receivable	$ 13				$ 13
Receivables	656			810	656	$ 810
Franchise receivables	77				77
Lease incentive	338				338
Receivable from advertising cooperative fund	$ 241				$ 241
Stock Options [Member]
Organization And Summary Of Significant Accounting Policies [Line Items]
Shares with anti-dilutive effect excluded from the computation of Diluted EPS					722,871	868,439
Minimum [Member]
Organization And Summary Of Significant Accounting Policies [Line Items]
Estimated useful lives					3 years
Maximum [Member]
Organization And Summary Of Significant Accounting Policies [Line Items]
Estimated useful lives					8 years
Four of Bad Daddy's limited liability companies [Member]
Organization And Summary Of Significant Accounting Policies [Line Items]
Ownership interest	54.00%				54.00%
Four of Bad Daddy's limited liability companies [Member] | Minimum [Member]
Organization And Summary Of Significant Accounting Policies [Line Items]
Ownership interest	50.00%				50.00%
Four of Bad Daddy's limited liability companies [Member] | Maximum [Member]
Organization And Summary Of Significant Accounting Policies [Line Items]
Ownership interest	75.00%				75.00%
One of Bad Daddy's limited liability companies [Member]
Organization And Summary Of Significant Accounting Policies [Line Items]
Ownership interest	23.00%				23.00%
Good Times Drive Thru Inc. [Member]
Organization And Summary Of Significant Accounting Policies [Line Items]
Goodwill	$ 96			96	$ 96	$ 96
Asset impairment costs	315			391
Bad Daddy's International, LLC [Member]
Organization And Summary Of Significant Accounting Policies [Line Items]
Goodwill	$ 5,054			15,054	$ 5,054	$ 15,054
Goodwill impairment loss			$ 10,000
Asset impairment costs		$ 932	$ 4,359	$ 2,380

Goodwill and Intangible Asset_2

Goodwill and Intangible Assets (Narrative) (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Jun. 30, 2020	Sep. 29, 2020	Sep. 24, 2019
Acquired Finite-Lived Intangible Assets [Line Items]
Amortization of Intangible Assets		$ 28
Impairment of goodwill		$ 10,000
Bad Daddy's Franchise Development, LLC [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Impairment of goodwill	$ 10,000

Goodwill and Intangible Asset_3

Goodwill and Intangible Assets (Intangible Assets Subject to Amortization) (Details) - USD ($) $ in Thousands	Sep. 29, 2020	Sep. 24, 2019
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	$ 50	$ 181
Accumulated Amortization	(28)	(130)
Net Carrying Amount	22	51
Franchise Rights [Member]
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount		116
Accumulated Amortization		(104)
Net Carrying Amount		12
Noncompete Agreements [Member]
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	50	65
Accumulated Amortization	(28)	(26)
Net Carrying Amount	$ 22	$ 39

Goodwill and Intangible Asset_4

Goodwill and Intangible Assets (Indefinite-lived Intangible Assets) (Details) - USD ($) $ in Thousands	Sep. 29, 2020	Sep. 24, 2019
Trademarks and Trade Names [Member]
Indefinite-lived Intangible Assets [Line Items]
Indefinite-Lived Intangible Assets (Excluding Goodwill)	$ 3,900	$ 3,900

Goodwill and Intangible Asset_5

Goodwill and Intangible Assets (Schedule of Goodwill and Intangible Assets) (Details) - USD ($) $ in Thousands	Sep. 29, 2020	Sep. 24, 2019
Goodwill and Intangible Assets Disclosure [Abstract]
Intangible assets, gross carrying amount	$ 3,950	$ 4,081
Accumulated Amortization	(28)	(130)
Intangible Assets, Net (Excluding Goodwill)	3,922	3,951
Goodwill, Gross	5,150	15,150
Goodwill, Impaired, Accumulated Impairment Loss
Goodwill	$ 5,150	$ 15,150

Goodwill and Intangible Asset_6

Goodwill and Intangible Assets (Estimated Aggregate Future Amortization Expense) (Details) - USD ($) $ in Thousands	Sep. 29, 2020	Sep. 24, 2019
Goodwill and Intangible Assets Disclosure [Abstract]
2021	$ 16
2022	6
Net Carrying Amount	$ 22	$ 51

Notes Payable and Long-Term D_3

Notes Payable and Long-Term Debt (Narrative) (Details) - USD ($)	12 Months Ended
	Sep. 29, 2020	Sep. 24, 2019	May 07, 2020
Debt Instrument [Line Items]
Interest expense	$ 754,000	$ 755,000
Cadence Credit Facility [Member]
Debt Instrument [Line Items]
Loan agreement, increase amount	$ 17,000,000
Interest rate	0.25%
Weighted average interest rate	3.75%
Interest rate description	All borrowings under the Cadence Credit Facility, as amended, bear interest at a variable rate based upon the Company’s election of (i) 2.5% plus the base rate, which is the highest of the (a) Federal Funds Rate plus 0.5%, (b) the Cadence bank publicly-announced prime rate, and (c) LIBOR plus 1.0%, or (ii) LIBOR, with a 0.250% floor, plus 3.5%. Interest is due at the end of each calendar quarter if the Company selects to pay interest based on the base rate and at the end of each LIBOR period if it selects to pay interest based on LIBOR.
Payment of debt issuance costs	$ 292,000
Maturity date	Dec. 31, 2021
Minimum liquidity amount	$ 2,000,000
Letters of credit outstanding, amount	5,500,000
Letters of credit outstanding face value	157,500
Periodic principal payment amount	250,000
Paycheck Protection Program [Member] | Cadence Bank, N.A. [Member]
Debt Instrument [Line Items]
Weighted average interest rate			1.00%
Unsecured loan aggregate principal amount	5,200,000		$ 11,645,000
Monthly payments installment	$ 489,000

Notes Payable and Long-Term D_4

Notes Payable and Long-Term Debt (Summary of Long-term Debt Maturity) (Details) - USD ($) $ in Thousands	Sep. 29, 2020	Sep. 24, 2019
Total Current Maturities	$ 6,242
Total Maturities after One Year	10,903	12,850
Cadence Credit Facility [Member]
Total Current Maturities	1,000
Total Maturities after One Year	4,500	12,850
PPP Loans [Member]
Total Current Maturities	5,242
Total Maturities after One Year	$ 6,403

Other Accrued Liabilities (Deta

Other Accrued Liabilities (Details) - USD ($) $ in Thousands	12 Months Ended
	Sep. 29, 2020	Sep. 24, 2019	[1]
Wages and other employee benefits	$ 2,056	$ 2,636
Taxes, other than income tax	1,397	1,670
Other	1,602	1,069
Total	5,055	$ 5,375
Mr. Hoback [Member]
Severance and separation agreement	$ 731
[1]	The above amounts in 2019 include costs associated with the subsequent termination of the Company's CEO pursuant to a severance and separation agreement totaling $731,000.

Commitments and Contingencies (

Commitments and Contingencies (Narrative) (Details)	Sep. 29, 2020USD ($)
Commitments and Contingencies Disclosure [Abstract]
Net commitments outstanding	$ 353,000

Leases (Narrative) (Details)

Leases (Narrative) (Details) - USD ($)	12 Months Ended
	Sep. 29, 2020	Sep. 24, 2019
Lessee, Lease, Description [Line Items]
Contingent rent paid	$ 18,000	$ 32,000
Minimum [Member]
Lessee, Lease, Description [Line Items]
Initial lease term	10 years
Lease renewal term	10 years
Maximum [Member]
Lessee, Lease, Description [Line Items]
Initial lease term	20 years
Lease renewal term	15 years
Remaining lease term	20 years
Drive Thru [Member] | Bad Daddy's Franchise Development, LLC [Member]
Lessee, Lease, Description [Line Items]
Remaining lease term	5 years
Lease expire term	18 years

Leases (Schedule of Components

Leases (Schedule of Components of Lease Expense) (Details) $ in Thousands	12 Months Ended
	Sep. 29, 2020USD ($)
Lessee Disclosure [Abstract]
Operating lease cost	$ 7,204
Variable lease cost	80
Sublease income	(500)
Total lease expense	$ 6,784

Leases (Schedule of Component_2

Leases (Schedule of Components of lease assets and liabilities) (Details) - USD ($) $ in Thousands	Sep. 29, 2020	Sep. 24, 2019
Lessee Disclosure [Abstract]
Right-of-use assets	$ 49,252
Current lease liabilities	4,689
Non-current lease liabilities	53,731
Total lease liabilities	$ 58,420

Leases (Schedule of Supplementa

Leases (Schedule of Supplemental Cash Flow Information Related to Leases) (Details) $ in Thousands	12 Months Ended
	Sep. 29, 2020USD ($)
Lessee Disclosure [Abstract]
Cash paid for operating lease liabilities	$ 6,840
Non-cash operating lease assets obtained in exchange for operating lease liabilities	$ 2,390

Leases (Schedule of Weighted Av

Leases (Schedule of Weighted Average Lease Term and Discount Rate) (Details)	Sep. 29, 2020
Lessee Disclosure [Abstract]
Weighted average remaining lease term (in years)	10 years 4 months 24 days
Weighted average discount rate	5.00%

Leases (Schedule of Future Mini

Leases (Schedule of Future Minimum Rent Payments Related to Operating Leases) (Details) $ in Thousands	Sep. 29, 2020USD ($)
Fiscal year ending:
2021	$ 7,491
2022	7,489
2023	7,534
2024	7,382
2025	7,483
Thereafter	38,765
Total minimum lease payments	76,144
Less: imputed interest	(17,724)
Present value of lease liabilities	$ 58,420

Income Taxes (Narrative) (Detai

Income Taxes (Narrative) (Details) - USD ($)	12 Months Ended
	Sep. 24, 2020	Sep. 24, 2019	Sep. 25, 2018	Sep. 26, 2017	Sep. 27, 2016	Sep. 30, 2015	Sep. 30, 2012	Sep. 25, 2011
Operating Loss Carryforwards [Line Items]
Net operating loss carry forwards		$ 8,994,000						$ 1,686,000
Operating loss carry-forwards utilization limit							$ 160,000
General business tax credits	$ 3,618,000	$ 3,618,000	$ 3,618,000	$ 3,618,000	$ 3,618,000	$ 3,618,000
Minimum [Member]
Operating Loss Carryforwards [Line Items]
Operating Loss Carryforwards, Expiration year		2030
General business tax credits expiration year		2034
Maximum [Member]
Operating Loss Carryforwards [Line Items]
Operating Loss Carryforwards, Expiration year		2032
General business tax credits expiration year		2039

Income Taxes (Schedule of Defer

Income Taxes (Schedule of Deferred Tax Assets and Liabilities) (Details) - Long Term [Member] - USD ($) $ in Thousands	Sep. 29, 2020	Sep. 24, 2019
Deferred income tax assets (liabilities):
Tax effect of net operating loss carry-forward	$ 2,686	$ 4,631
General business credits	3,618	3,065
Partnership/Joint Venture basis differences	(2)	(58)
Deferred revenue	80	89
Property and equipment basis differences	(1,866)	(1,315)
Intangibles basis differences	1,087	(1,107)
ROU asset	(10,516)
Long-term lease liability	12,549
Other accrued liability and asset difference	(232)	1,335
Deferred tax assets	7,404	6,640
Less valuation allowance	(7,404)	(6,640)
Net deferred tax asset (liabilities)

Income Taxes (Schedule of Incom

Income Taxes (Schedule of Income Tax Benefit Expense) (Details) - USD ($)	12 Months Ended
	Sep. 29, 2020	Sep. 24, 2019
Income Tax Disclosure [Abstract]
Current income tax benefit (expense)
Deferred income tax benefit (expense)
Total income tax benefit (expense)

Income Taxes (Schedule of Inc_2

Income Taxes (Schedule of Income Tax Expense) (Details) - USD ($) $ in Thousands	12 Months Ended
	Sep. 29, 2020	Sep. 24, 2019
Income Tax Disclosure [Abstract]
Total benefit computed by applying statutory federal rate	$ (2,922)	$ (1,079)
State income tax, net of federal tax benefit	(51)	(153)
FICA/WOTC tax credits	(550)	(702)
Effect of change in valuation allowance	763	1,787
Permanent differences	2,510	87
Other	250	60
Provision for income taxes

Stockholders' Equity (Narrative

Stockholders' Equity (Narrative) (Details) - USD ($)	12 Months Ended
	Sep. 29, 2020	Sep. 24, 2019
Schedule Of Stockholders Equity [Line Items]
Preferred stock, shares authorized	5,000,000	5,000,000
Common stock, shares authorized	50,000,000	50,000,000
Common stock, shares outstanding	12,612,852	12,541,082
Common stock, par value	$ 0.001	$ 0.001
Issuance of common shares and warrants in public offering, shares	2,413
Stock based compensation expense	$ 283,000	$ 719,000
Stock option exercise		$ 3,000
Stock option exercise, shares	15,646	667
Aggregate intrinsic value of outstanding options	$ 5,000
Other accrued liabilities	$ 352,000
Incentive Stock Option [Member]
Schedule Of Stockholders Equity [Line Items]
Stock options granted, shares		99,832
Incentive Stock Option [Member] | Minimum [Member]
Schedule Of Stockholders Equity [Line Items]
Stock options granted, exercise price		$ 4.66
Stock options granted, per-share weighted average fair value		2.68
Incentive Stock Option [Member] | Maximum [Member]
Schedule Of Stockholders Equity [Line Items]
Stock options granted, exercise price		5
Stock options granted, per-share weighted average fair value		$ 3.16
Restricted Stock [Member]
Schedule Of Stockholders Equity [Line Items]
Restricted stock granted, shares	60,336	79,988
Restricted stock granted, weighted average grant date fair value per share		$ 3.95
Vesting period	3 years	3 years
Remaining total unrecognized compensation cost related to unvested stock-based arrangements	$ 159,000
Employee service share-based compensation, nonvested awards, total compensation cost not yet recognized, period for recognition	9 months 18 days
Restricted Stock [Member] | Transaction One [Member]
Schedule Of Stockholders Equity [Line Items]
Restricted stock granted, shares	46,336
Restricted stock granted, weighted average grant date fair value per share	$ 1.54
Restricted Stock [Member] | Transaction Two [Member]
Schedule Of Stockholders Equity [Line Items]
Restricted stock granted, shares	14,000
Restricted stock granted, weighted average grant date fair value per share	$ 1.67
Restricted Stock [Member] | Minimum [Member]
Schedule Of Stockholders Equity [Line Items]
Restricted stock granted, weighted average grant date fair value per share	1.54
Restricted Stock [Member] | Maximum [Member]
Schedule Of Stockholders Equity [Line Items]
Restricted stock granted, weighted average grant date fair value per share	$ 1.67
Stock Options [Member]
Schedule Of Stockholders Equity [Line Items]
Remaining total unrecognized compensation cost related to unvested stock-based arrangements	$ 194,000
Employee service share-based compensation, nonvested awards, total compensation cost not yet recognized, period for recognition	1 year 9 months 18 days
Stock option exercise, shares	15,646
Mr. Hoback [Member]
Schedule Of Stockholders Equity [Line Items]
Severance and separation agreement	$ 731,000
Mr. Hoback [Member] | Stock compensation cost [member]
Schedule Of Stockholders Equity [Line Items]
Severance and separation agreement	$ 277,000

Stockholders' Equity (Weighted

Stockholders' Equity (Weighted Average Assumptions Used to Estimate Fair Value of Stock Option Grants) (Details) - Incentive and Non-Statutory Stock Options [Member]	12 Months Ended
	Sep. 24, 2019USD ($)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expected term (years)	7 years 6 months
Expected volatility, minimum	70.65%
Expected volatility, maximum	70.80%
Risk free interest rate, minimum	3.01%
Risk free interest rate, maximum	3.10%
Expected dividends	$ 0

Stockholders' Equity (Summary o

Stockholders' Equity (Summary of Stock Option Activity under Share Based Compensation Plan) (Details) - $ / shares	12 Months Ended
	Sep. 29, 2020	Sep. 24, 2019
Shares
Options exercised	(15,646)	(667)
Stock Options [Member]
Shares
Outstanding-beg of year	703,164
Options exercised	(15,646)
Forfeited	(48,671)
Expired	(8,579)
Outstanding Sept 29, 2020	630,268	703,164
Exercisable Sept 29, 2020	473,051
Weighted Average Exercise Price
Outstanding-beg of year	$ 3.53
Options exercised	1.48
Forfeited	3.74
Expired	3.45
Outstanding Sept 29, 2020	3.56	$ 3.53
Exercisable Sept 29, 2020	$ 3.38
Weighted Average Remaining Contractual Life (Yrs.)
Outstanding Sept 29, 2020	5 years 1 month 6 days
Exercisable Sept 29, 2020	4 years 3 months 19 days

Stockholders' Equity (Summary_2

Stockholders' Equity (Summary of Non-vested Restricted Stock Activity) (Details) - Restricted Stock [Member] - $ / shares	12 Months Ended
	Sep. 29, 2020	Sep. 24, 2019
Shares
Non-vested shares at beg of year	165,275
Granted	60,336	79,988
Forfeited	(8,992)
Vested	(124,015)
Non-vested shares at Sept 29, 2020	92,604	165,275
Grant Date Fair Value Per Share
Granted		$ 3.95
Minimum [Member]
Grant Date Fair Value Per Share
Non-vested shares at beg of year	$ 2.70
Granted	1.54
Forfeited	3.55
Vested	1.67
Non-vested shares at Sept 29, 2020	1.54	2.70
Maximum [Member]
Grant Date Fair Value Per Share
Non-vested shares at beg of year	3.95
Granted	1.67
Forfeited	3.95
Vested	3.95
Non-vested shares at Sept 29, 2020	$ 3.95	$ 3.95

Stockholders' Equity (Summary_3

Stockholders' Equity (Summary of Activity in Non-Controlling Interests) (Details) - USD ($) $ in Thousands		12 Months Ended
		Sep. 29, 2020		Sep. 24, 2019
Noncontrolling Interest [Line Items]
Balance at September 24, 2019		$ 1,522
Income attributable to non-controlling interests		1,122		$ 889
Net Distributions to unrelated limited partners		(1,373)	[1]	(1,817)
Balance at September 29, 2020		1,293		1,522
Bad Daddy's International, LLC [Member]
Noncontrolling Interest [Line Items]
Balance at September 24, 2019		1,190
Income attributable to non-controlling interests		493
Net Distributions to unrelated limited partners	[1]	(660)
Balance at September 29, 2020		1,023		1,190
Good Times Drive Thru Inc. [Member]
Noncontrolling Interest [Line Items]
Balance at September 24, 2019		332
Income attributable to non-controlling interests		629
Net Distributions to unrelated limited partners	[1]	(691)
Balance at September 29, 2020		$ 270		$ 332
[1]	Includes $352,000 of distributions reflected on our consolidated balance sheet in other accrued liabilities at September 29, 2020.

Retirement Plan (Details)

Retirement Plan (Details) - USD ($)	12 Months Ended
	Sep. 29, 2020	Sep. 24, 2019
Retirement Benefits [Abstract]
Percentage of gross pay matched by employer on dollar-for-dollar basis	3.00%
Percentage of each dollar of employee contributions matched by employer	50.00%
Maximum employee contribution percentage	5.00%
Matching contributions	$ 177,000	$ 225,000

Segment Reporting (Details)

Segment Reporting (Details) - USD ($) $ in Thousands	12 Months Ended
	Sep. 29, 2020	Sep. 24, 2019
Segment Reporting Information [Line Items]
Revenues	$ 109,858	$ 110,755
Income (loss) from operations	(12,041)	(3,495)
Capital Expenditures	2,596	8,079
Property & Equipment, net	27,669	35,677
Bad Daddys Burger Bar Restaurant [Member]
Segment Reporting Information [Line Items]
Revenues	76,538	80,124
Income (loss) from operations	(14,837)	(2,788)
Capital Expenditures	2,351	7,016
Property & Equipment, net	23,586	30,479
Good Times Burgers And Frozen Custard Restaurants [Member]
Segment Reporting Information [Line Items]
Revenues	33,320	30,631
Income (loss) from operations	3,035	704
Capital Expenditures	212	993
Property & Equipment, net	3,874	4,890
Corporate Segment [Member]
Segment Reporting Information [Line Items]
Income (loss) from operations	(239)	(1,411)
Capital Expenditures	33	70
Property & Equipment, net	$ 209	$ 308