Good Times Restaurants (GTIM) 10-K 12 Dec 24 2024 FY Annual report Financial data

Cover

Cover - USD ($)	12 Months Ended
	Sep. 24, 2024	Dec. 05, 2024	Mar. 26, 2024
Document Information [Line Items]
Document Type	10-K
Document Annual Report	true
Document Transition Report	false
Document Financial Statement Error Correction [Flag]	false
Entity Interactive Data Current	Yes
ICFR Auditor Attestation Flag	false
Amendment Flag	false
Document Period End Date	Sep. 24, 2024
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	FY
Documents Incorporated by Reference [Text Block]	Certain information required by Part III of this Annual Report on Form 10-K is incorporated by reference herein from the registrant’s definitive proxy statement relating to our 2025 Annual Meeting of Shareholders to be filed with the Securities and Exchange Commission within 120 days after the end of the registrant's fiscal year ended September 24, 2024.
Entity Information [Line Items]
Entity Registrant Name	Good Times Restaurants Inc.
Entity Central Index Key	0000825324
Entity File Number	000-18590
Entity Tax Identification Number	84-1133368
Entity Incorporation, State or Country Code	NV
Current Fiscal Year End Date	--09-24
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Shell Company	false
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Public Float			$ 21,249,190
Entity Contact Personnel [Line Items]
Entity Address, Address Line One	651 Corporate Circle #200
Entity Address, City or Town	Golden
Entity Address, State or Province	CO
Entity Address, Postal Zip Code	80401
Entity Phone Fax Numbers [Line Items]
City Area Code	(303)
Local Phone Number	384-1400
Entity Listings [Line Items]
Title of 12(b) Security	Common Stock $.001 par value
Trading Symbol	GTIM
Security Exchange Name	NASDAQ
Entity Common Stock, Shares Outstanding		10,672,365

Audit Information

Audit Information	12 Months Ended
	Sep. 24, 2024
Auditor [Table]
Auditor Name	Moss Adams LLP
Auditor Firm ID	659
Auditor Location	Denver, Colorado

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Sep. 24, 2024	Sep. 26, 2023
CURRENT ASSETS:
Cash and cash equivalents	$ 3,853	$ 4,182
Inventories	1,419	1,407
Receivables	890	769
Prepaid expenses and other	395	163
Total current assets	6,557	6,521
PROPERTY AND EQUIPMENT:
Land and land improvements	1,113	1,050
Buildings	4,990	4,672
Leasehold improvements	39,610	38,191
Fixtures and equipment	34,814	33,040
Total property and equipment, at cost	80,527	76,953
Less accumulated depreciation and amortization	(57,730)	(53,917)
Total net property and equipment	22,797	23,036
OTHER ASSETS:
Operating lease right-of-use assets, net	35,671	40,007
Deferred tax assets, net	12,207	11,583
Deposits and other assets	242	277
Trademarks	3,900	3,900
Other intangibles, net	31	51
Goodwill	5,713	5,713
Total other assets	57,764	61,531
TOTAL ASSETS	87,118	91,088
CURRENT LIABILITIES:
Current maturities of long-term debt	30
Accounts payable	3,059	2,585
Deferred income	131	67
Operating lease liabilities, current	6,161	5,787
Other accrued liabilities	6,306	6,451
Total current liabilities	15,687	14,890
LONG-TERM LIABILITIES:
Maturities of long-term debt, net of current portion	842	750
Operating lease liabilities, net of current portion	37,396	42,332
Deferred and other liabilities	105	122
Total long-term liabilities	38,343	43,204
COMMITMENTS AND CONTINGENCIES (Note 5)
Good Times Restaurants Inc. shareholders’ equity:
Preferred stock, $.01 par value, 5,000,000 shares authorized, zero shares issued and outstanding as of September 24, 2024 and September 26, 2023, respectively
Common stock, $.001 par value; 50,000,000 shares authorized; 12,977,433 issued; 10,712,367 and 11,446,587 shares outstanding as of September 24, 2024 and September 26, 2023, respectively	13	13
Capital contributed in excess of par value	56,835	56,701
Treasury stock, at cost; 2,265,066 and 1,530,846 shares as of September 24, 2024 and September 26, 2023, respectively	(6,855)	(4,908)
Accumulated deficit	(17,622)	(19,235)
Total Good Times Restaurants Inc. shareholders' equity	32,371	32,571
Non-controlling interests	717	423
Total shareholders’ equity	33,088	32,994
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY	$ 87,118	$ 91,088

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parentheticals) - $ / shares	Sep. 24, 2024	Sep. 26, 2023
Statement of Financial Position [Abstract]
Preferred stock, par value (in Dollars per share)	$ 0.01	$ 0.01
Preferred stock, shares authorized	5,000,000	5,000,000
Preferred stock, outstanding	0	0
Preferred stock, issued	0	0
Common stock, par value (in Dollars per share)	$ 0.001	$ 0.001
Common stock, shares authorized	50,000,000	50,000,000
Common stock, shares issued	12,977,433	12,977,433
Common stock, shares outstanding	10,712,367	11,446,587
Treasury stock at cost, shares	2,265,066	1,530,846

Consolidated Statements of Oper

Consolidated Statements of Operations - USD ($) $ in Thousands	12 Months Ended
	Sep. 24, 2024	Sep. 26, 2023
NET REVENUES:
Total net revenues	$ 142,315	$ 138,160
RESTAURANT OPERATING COSTS:
Food and packaging costs	43,704	42,910
Payroll and other employee benefit costs	48,689	47,549
Restaurant occupancy costs	10,087	9,607
Other restaurant operating costs	20,288	19,013
Preopening costs		484
Depreciation and amortization	3,755	3,663
Total restaurant operating costs	126,523	123,226
General and administrative costs	10,516	9,165
Advertising costs	3,528	3,258
Impairment of long-lived assets	698	1,589
Loss (gain) on restaurant and equipment asset sales	2	(41)
Litigation Contingencies	(332)
INCOME FROM OPERATIONS	1,380	963
OTHER INCOME (EXPENSES):
Interest expense	(125)	(78)
NET INCOME BEFORE INCOME TAXES	1,255	885
Provision for income taxes	624	10,787
NET INCOME	1,879	11,672
Income attributable to non-controlling interests	(266)	(586)
NET INCOME ATTRIBUTABLE TO COMMON SHAREHOLDERS	$ 1,613	$ 11,086
NET INCOME PER SHARE, ATTRIBUTABLE TO COMMON SHAREHOLDERS:
Basic (in Dollars per share)	$ 0.15	$ 0.94
Diluted (in Dollars per share)	$ 0.14	$ 0.94
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING
Basic (in Shares)	11,047,152	11,772,778
Diluted (in Shares)	11,147,563	11,827,752
Restaurant sales
NET REVENUES:
Total net revenues	$ 141,555	$ 137,229
Franchise revenues
NET REVENUES:
Total net revenues	$ 760	$ 931

Consolidated Statements of Shar

Consolidated Statements of Shareholders’ Equity - USD ($) $ in Thousands	Treasury Stock, at cost	Common Stock	Capital Contributed in Excess of Par Value	Non- Controlling Interest In Partnerships	Accumulated Deficit	Total
BALANCES at Sep. 27, 2022	$ (2,634)	$ 13	$ 59,427	$ 1,303	$ (30,321)	$ 27,788
BALANCES (in Shares) at Sep. 27, 2022	692,798	12,274,351
Stock-based compensation cost			131			131
Shares issued through common stock grants and RSU vesting			(92)			(92)
Shares issued through common stock grants and RSU vesting (in Shares)		8,284
Stock option exercise			5			5
Stock option exercise (in Shares)		2,000
Treasury shares purchased	$ (2,274)					(2,274)
Treasury shares purchased (in Shares)	838,048	(838,048)
Income attributable to non-controlling interests				586		586
Distributions to unrelated limited partners				(648)		(648)
Contributions from unrelated limited partners				13		13
Purchase of non-controlling interests			(2,770)	(831)		(3,601)
Net income attributable to Good Times Restaurants Inc and comprehensive income					11,086	11,086
BALANCES at Sep. 26, 2023	$ (4,908)	$ 13	56,701	423	(19,235)	32,994
BALANCES (in Shares) at Sep. 26, 2023	1,530,846	11,446,587
Stock-based compensation cost			134			$ 134
Stock option exercise (in Shares)
Treasury shares purchased	$ (1,947)					$ (1,947)
Treasury shares purchased (in Shares)	734,220	(734,220)
Income attributable to non-controlling interests				266		266
Distributions to unrelated limited partners				(172)		(172)
Contributions from unrelated limited partners				200		200
Net income attributable to Good Times Restaurants Inc and comprehensive income					1,613	1,613
BALANCES at Sep. 24, 2024	$ (6,855)	$ 13	$ 56,835	$ 717	$ (17,622)	$ 33,088
BALANCES (in Shares) at Sep. 24, 2024	2,265,066	10,712,367

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	12 Months Ended
	Sep. 24, 2024	Sep. 26, 2023
CASH FLOWS FROM OPERATING ACTIVITIES:
Net Income	$ 1,879	$ 11,672
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	3,849	3,752
Net change in ROU assets and operating lease liabilities	(856)	366
Recognition of deferred gain on sale of restaurant building	(38)	(37)
Loss (gain) on asset disposals	29	(4)
Impairment of long-lived assets	698	1,589
Stock based compensation expense	134	131
Provision for income taxes	(624)	(10,790)
Changes in operating assets and liabilities:
Receivables and prepaids	(355)	(111)
Inventories		(5)
Deposits and other assets	35	(111)
(Decrease) increase in:
Accounts payable	449	1,866
Deferred liabilities	89	19
Accrued and other liabilities	(159)	(372)
Net cash provided by operating activities	5,130	7,965
CASH FLOWS FROM INVESTING ACTIVITIES:
Payments for the purchase of property and equipment	(3,142)	(4,771)
Acquisition of restaurants from franchisees, net of cash acquired	(534)	(1,326)
Payments for the purchase of non-controlling interests		(4,394)
Proceeds from sale of fixed assets	14	48
Net cash used in investing activities	(3,662)	(10,443)
CASH FLOWS FROM FINANCING ACTIVITIES:
Borrowings from long-term debt	1,380	750
Payments on long-term debt	(1,258)
Payment for the purchase of treasury stock	(1,947)	(2,274)
Payment for restricted stock vesting settled in cash		(92)
Proceeds from stock option exercises		5
Contributions from non-controlling interests	200	13
Distributions to non-controlling interests	(172)	(648)
Net cash used in financing activities	(1,797)	(2,246)
DECREASE IN CASH AND CASH EQUIVALENTS	(329)	(4,724)
CASH AND CASH EQUIVALENTS, beginning of year	4,182	8,906
CASH AND CASH EQUIVALENTS, end of year	3,853	4,182
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION:
Cash paid for interest	97	31
Change in accounts payable attributable to the purchase of property and equipment	$ (25)	$ 91

Organization and Summary of Sig

Organization and Summary of Significant Accounting Policies	12 Months Ended
	Sep. 24, 2024
Organization and Summary of Significant Accounting Policies [Abstract]
Organization and Summary of Significant Accounting Policies	1. Organization and Summary of Significant Accounting Policies Organization BDCO was formed by Good Times Restaurants Inc. in 2013 to develop Bad Daddy’s Burger Bar restaurants in the state of Colorado. Subsequently, BDI was acquired by Good Times Restaurants Inc. on May 7, 2015. Combined, activities in these entities compose our Bad Daddy’s operating segment, which as of September 24, 2024, operates thirty-nine company-owned, and one licensee full-service small-box casual dining restaurants under the name Bad Daddy’s Burger Bar, primarily located in the Southeast region of the United States and the state of Colorado 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 owns, operates, and franchises drive-thru fast food hamburger restaurants under the name Good Times Burgers & Frozen Custard. As of September 24, 2024, the Company operates nineteen Company-owned restaurants and six restaurants in a partnership in which the Company is the controlling partner. All nineteen Company-operated restaurants are located in Colorado. In addition, as of September 24, 2024, Drive Thru is the franchisor of five franchisee-owned restaurants, with three 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. Fiscal Year Principles of Consolidation Advertising Costs Accounting Estimates Cash and Cash Equivalents Inventories Accounts Receivable none 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 No Reacquired franchise rights Goodwill The following table presents goodwill associated with each reporting unit as of September 24, 2024 and September 26, 2023 (in thousands): September 24, 2024 September 26, 2023 Good Times $ 96 $ 96 Bad Daddy’s 5,617 5,617 Total $ 5,713 $ 5,713 Impairment of Long-Lived Assets There were impairments of $698,000 in the fiscal year ended September 24, 2024, related primarily to lease right-of-use assets and new assets deployed in restaurants where impairment was previously assessed, and the Company’s current analysis indicated impairment of assets associated with those restaurants. During the fiscal year ended September 27, 2023, there were impairments of $1,589,000. Leases Leases (Topic 842) The Company assesses whether a contract qualifies as a lease at inception. The Company only held operating leases as of and during the years ended September 24, 2024 and September 26, 2023. 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. In certain situations, lease contracts are amended or otherwise changed. Based upon an analysis of those changes, specifically whether additional rights have been conveyed and additional lease payments are required, the Company determines whether the lease warrants remeasurement, or treatment as a separate contract. 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. The Company had four subleases as of September 24, 2024. We disclose details of sublease income and its impact on operating lease expense in Note 6. Deferred Liabilities Revenue Recognition Revenue from Contracts with Customers (Topic 606) 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. Late in fiscal 2023, the Company began operating a loyalty program known as GT Rewards. With each purchase, GT Rewards members earn loyalty points that can be redeemed in the future for free products. Activity related to the reward program is immaterial to the Company’s financial statements for the year ended September 24, 2024. 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 taxation in various jurisdictions within the U.S. The Company’s tax years corresponding to the Company’s fiscal years 2021 through 2023 remain open for examination by the authorities under the normal three-year statute of limitations. Should the Company utilize any of its U.S. or state NOLs, the tax year to which the original loss relates will remain open to examination. 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 24, 2024. Net Income Per Common Share The following table reconciles basic weighted-average shares outstanding to diluted weighted-average shares outstanding: September 24, September 26, Weighted-average shares outstanding basic 11,047,152 11,772,778 Effect of potentially dilutive securities: Stock options 11,161 9,724 Restricted stock units 89,250 45,250 Weighted-average shares outstanding diluted 11,147,563 11,827,752 Excluded from diluted weighted-average shares outstanding: Antidilutive 343,216 347,528 Financial Instruments and Concentrations of Credit Risk Financial instruments potentially subjecting the Company to concentrations of credit risk consist principally of receivables. Receivables consist of the following as of: September 24, 2024 September 26, 2023 Vendor rebates and incentives 437 185 Third party delivery partners 280 269 Third party retailers 120 14 Franchise and other 53 29 Lease incentives - 272 Total $ 890 $ 769 The Company distributes most of its restaurant food and paper through a single distribution company. The Company believes a sufficient number of other distributors exist from which food and paper could be warehoused and distributed 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 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 limited partnership involving six Good Times restaurants in which the Company and non-controlling partner share equal ownership and previously included five limited liability companies involving five Bad Daddy’s restaurants. The Company purchased the non-controlling membership interests in the five limited liability companies owning five Bad Daddy’s restaurants in January 2023. Recent Accounting Pronouncements ● ASU 2023-07–Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures was issued November 2023 and is effective for fiscal years beginning after December 15, 2023, and interim periods within fiscal years beginning after December 15, 2024. It is to be applied retrospectively. The Company expects to retrospectively implement ASU 2023-07 in fiscal year 2025 and does not anticipate that it will have a material effect on the Company’s consolidated financial statements. ● ASU 2023-09 Income Taxes (Topic 740): Improvements to Income Tax Disclosures was issued December 2023 and is effective for fiscal years beginning after December 15, 2024. It is to be applied prospectively. The Company expects to implement ASU 2023-09 prospectively in fiscal year 2026 and does not expect that it will have a material effect on the Company’s consolidated financial statements. ● ASU 2024-03 Income Statement – Reporting Comprehensive Income – Expense Disaggregation Disclosures (Subtopic 220-40): Disaggregation of Income Statement Expenses was issued November 2024 and is effective for fiscal years beginning after December 15, 2026 and interim periods beginning after December 17, 2027. It may be applied either prospectively or retrospectively and early implementation is allowed. The Company is assessing the timing and method of implementation of this accounting pronouncement but does not expect that it will have a material effect on the Company’s consolidated financial statements. 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. 24, 2024
Goodwill and Intangible Assets [Abstract]
Goodwill and Intangible Assets	2. Goodwill and Intangible Assets The following table presents goodwill and intangible assets as of September 24, 2024 and September 26, 2023 (in thousands): September 24, 2024 September 26, 2023 Gross Amount Accumulated Amortization Net Amount Gross Amount Accumulated Amortization Net Amount Intangible assets subject to amortization: Non-compete agreements $ 50 $ (31 ) $ 19 $ 50 $ (14 ) $ 36 Reacquired franchise rights $ 15 $ (3 ) $ 12 $ 15 $ - $ 15 $ 65 $ (34 ) $ 31 $ 65 $ (14 ) $ 51 Indefinite-lived intangible assets: Trademarks $ 3,900 $ - $ 3,900 $ 3,900 $ - $ 3,900 Intangible assets, net $ 3,965 $ (34 ) $ 3,931 $ 3,965 $ (14 ) $ 3,951 Goodwill $ 5,713 $ - $ 5,713 $ 5,713 $ - $ 5,713 There were no

Notes Payable and Long-Term Deb

Notes Payable and Long-Term Debt	12 Months Ended
	Sep. 24, 2024
Notes Payable and Long-Term Debt [Abstract]
Notes Payable and Long-Term Debt	3. Notes Payable and Long-Term Debt Cadence Credit Facility The Company and its wholly owned subsidiaries (the “Subsidiaries”) maintain an amended and restated credit agreement with Cadence Bank (“Cadence”) pursuant to which, Cadence agreed to loan the Company up to $8,000,000, which has a maturity date of April 20, 2028 (the “Cadence Credit Facility”). The Cadence Credit Facility amended and restated the Company’s prior credit facility with Cadence in its entirety. The Cadence Credit Facility accrues commitment fees on the daily unused balance of the facility at a rate of 0.25%. Each of the Subsidiaries are guarantors of the Cadence Credit Facility. Proceeds from the Cadence Credit Facility, if and when drawn, may be used (i) to fund new restaurant development, (ii) to finance the buyout of non-controlling partners in certain restaurants, (iii) to finance the redemption, purchase or other acquisition of equity interests in the Company and (iv) for working capital and other general corporate purposes. The Cadence Credit Facility includes customary affirmative and negative covenants and events of default. The Cadence Credit Facility also requires the Company to maintain various financial condition ratios, including minimum liquidity, an amended maximum leverage ratio and an amended minimum fixed charge coverage ratio. In addition, to the extent the aggregate outstanding balance under the revolver under the Cadence Credit Facility As of September 24, 2024 the interest rate applicable to borrowings under the Cadence Credit Facility was 8.41%. 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 $299,000 and is amortizing these costs over the term of the credit agreement. As of September 24, 2024 the unamortized balance of these fees was $95,000. In connection with the Cadence Credit Facility, the Company and the Subsidiaries entered into an Amended and Restated Security and Pledge Agreement (the “Security Agreement”) with Cadence. Under the Security Agreement, the Cadence Credit Facility is secured by a first priority security interest in substantially all the assets of the Company and the Subsidiaries. As of September 24, 2024, there were $500,000 of borrowings against the facility, all of which is due during the fiscal year ending September 26, 2028, and is classified as a long-term liability in the accompanying balance sheet. 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 24, 2024, there were approximately $10,000 in outstanding letters of credit issued under the facility, and approximately $7,490,000 of committed funds available. Parker Promissory Note. Total interest expense on notes payable was $108,000 and $31,000 for fiscal 2024 and 2023, respectively.

Other Accrued Liabilities

Other Accrued Liabilities	12 Months Ended
	Sep. 24, 2024
Other Accrued Liabilities [Abstract]
Other Accrued Liabilities	4. Other Accrued Liabilities : Other accrued liabilities consist of the following (in thousands): September 24, 2024 September 26, 2023 Wages and other employee benefits $ 2,681 $ 2,893 Taxes, other than income tax 1,318 1,275 Gift card liability, net of breakage 1,460 1,108 General expense accrual and other 847 1,175 Total $ 6,306 $ 6,451

Commitments and Contingencies

Commitments and Contingencies	12 Months Ended
	Sep. 24, 2024
Commitments and Contingencies [Abstract]
Commitments and Contingencies	5. Commitments and Contingencies As of September 24, 2024, the Company had approximately $268,000 in outstanding commitments related to the remodel of a Good Times restaurant. We expect to fulfill our commitments under these agreements in the normal course of business, and as such, no liability has been recorded. 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. The Company was the defendant in a lawsuit styled as White Winston Select Asset Funds, LLC and GT Acquisition Group, Inc. v. Good Times Restaurants, Inc., arising from the failed negotiations between plaintiffs and the Company for the sale of the Good Times Drive Thru subsidiary to plaintiffs. The lawsuit was initially filed on September 24, 2019, in Delaware Chancery Court, and the Company removed the case to federal court in the US District Court for the District of Delaware on November 5, 2019. On July 30, 2021, the plaintiffs moved the Court for leave to amend their complaint and add new causes of action and a claim for $18 million in damages. On January 25, 2023, the Court rendered judgment dismissing the plaintiffs’ claims in their entirety and denying all of the requested relief.  The plaintiffs filed a notice of appeal of the Court’s January 25, 2023, decisions.  Good Times, in turn, filed a notice of appeal of the Court’s previous dismissal of its counterclaim against the plaintiffs.  On March 1, 2024, the court of appeals issued a ruling affirming the trial court’s dismissal of the plaintiffs’ claims and reversed the trial court’s previous dismissal of Good Times’ own claim for the plaintiffs’ breach of their covenant not to sue Good Times. The court of appeals ordered that Good Times’ counterclaim be remanded to the trial court for further consideration. Due to this favorable decision, during the quarter ended March 26,2024 we reversed our previous contingency reserve of $332,000. The plaintiffs petitioned the court of appeals for rehearing on its reversal of the trial court’s dismissal of Good Times’ counterclaim. On June 20, 2024, the court of appeals affirmed its previous reversal of the trial court’s dismissal of Good Times’ counterclaim. The trial court will now consider the issue of White Winston’s liability to Good Times. The amount of Good Times’ claimed damages (which consists substantially of its prior legal fees) exceeds $3 million. The trial court ordered the parties to submit briefing on the issue of Good Times’ damages claim. The briefing closed on December 10, 2024, and Good Times expects the trial court to render a decision sometime after. While Good Times plans to vigorously pursue this remaining claim to conclusion, there is no assurance that it will be successful and, even if it is successful, its recovery may be less than such claimed damages amount.

Leases

Leases	12 Months Ended
	Sep. 24, 2024
Leases [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 at various dates over the next 15 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. For the fiscal year ended September 24, 2024, the Company incurred $54,000 of contingent rent expense. The Company had income 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 for our restaurants range from 10 years to 20 years, most of which at lease inception included 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 years ended September 24, 2024 and September 26, 2023 are as follows (in thousands): Classification Fiscal 2024 Fiscal 2023 Operating lease cost Occupancy, Other restaurant operating costs, preopening costs and General and administrative expenses, net $ 7,450 $ 7,302 Variable lease cost Occupancy 54 (23 ) Sublease income Occupancy (517 ) (546 ) Total lease expense $ 6,987 $ 6,733 Supplemental cash flow disclosures for the fiscal years ended September 24, 2024 and September 26, 2023 (in thousands): Fiscal 2024 Fiscal 2023 Cash paid for operating lease liabilities $ 8,072 $ 7,431 Non-cash operating lease assets obtained in exchange for operating lease liabilities $ 242 $ 443 Weighted average lease term and discount rate are as follows: September 24, September 26, Weighted average remaining lease term (in years) 7.36 7.94 Weighted average discount rate 5.2 % 5.0 % Future minimum rent payments for our operating leases for each of the next five years as of September 24, 2024 are as follows (in thousands): Fiscal year ending September: Total 2025 8,280 2026 7,856 2027 7,560 2028 6,800 2029 5,563 Thereafter 16,618 Total minimum lease payments 52,677 Less: imputed interest (9,120 ) Present value of lease liabilities $ 43,557 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. 24, 2024
Income Taxes [Abstract]
Income Taxes	7. Income Taxes Deferred tax assets (liabilities) are comprised of the following at the period end (in thousands): September 24, 2024 September 26, 2023 Deferred income tax assets (liabilities): Tax effect of net operating loss carry-forward $ 3,426 $ 3,622 General business credits 7,399 6,262 Deferred revenue 52 29 Intangibles basis differences 547 925 Long-term lease liability 9,443 10,613 Other future benefits 664 668 Deferred tax assets 21,531 22,119 Less valuation allowance - - Deferred tax assets, net of valuation allowance 21,531 22,119 Partnership/joint venture basis differences (95 ) (64 ) Property and Equipment basis differences (1,599 ) (1,731 ) ROU asset (7,630 ) (8,741 ) Deferred tax liabilities (9,324 ) (10,536 ) Net deferred tax assets $ 12,207 $ 11,583 The Company has Federal net operating loss carry-forwards available for future periods, as discussed below, of approximately $11,643,000 from 2019, $0 from 2018, and $1,035,000 from 2017 and prior for income tax purposes. The net operating loss carry-forwards from periods prior to 2019 expire between 2029 and 2038. Based on the changes in control, which occurred in 2011, 2013, and 2017, the utilization of the loss carry-forwards incurred for periods prior to 2017 is limited to approximately $163,000 per year. The Company has general business tax credits of $7,399,000 from 2014 through 2024 which expire from 2034 through 2043. As of September 24, 2024, our deferred tax assets were primarily the result of net operating loss and tax credit carry-forwards. No valuation allowance was recorded against our gross deferred tax asset balance as of September 24, 2024 or September 26, 2023. As of each reporting date, management considers new evidence, both positive and negative, that could affect its view of the future realization of deferred tax assets. As of September 24, 2024, management determined that there is sufficient positive evidence, including the recent cumulative pretax income, potential future taxable income from the acquisition of the non-controlling interests in several joint interests in fiscal year 2023, recent performance improvement and tempering of macroeconomic risks, and the utilization of net operating loss carry-forwards on the most recently filed tax return. Based on the review of this evidence, management determined that there is sufficient positive evidence to conclude that it is more likely than not deferred taxes assets are realizable and therefore no valuation allowance is necessary. The total amount of deferred tax benefit recorded to additional paid-in capital as a result of the purchase of the non-controlling interests during the year ended September 26, 2023 was $792,000. The following table summarizes the components of the provision for income taxes (in thousands): Fiscal 2024 Fiscal 2023 Current: Federal $ - $ - State - 4 - 4 Deferred: Federal (632 ) (9,925 ) State 8 (866 ) (624 ) (10,791 ) Total income tax benefit $ (624 ) $ (10,787 ) The income tax expense for years ended September 24, 2024 and September 26, 2023 differed from the amounts computed by applying the U.S. Federal statutory tax rate to pre-tax income as follows (in thousands): Fiscal 2024 Fiscal 2023 U.S. Federal tax provision at statutory rate $ 208 $ 182 State (tax benefit) income tax, net of federal tax benefit (2 ) 344 FICA/WOTC tax credits (1,126 ) (989 ) Effect of change in valuation allowance - (10,535 ) Permanent differences 281 383 Other 15 (172 ) Provision for income taxes $ (624 ) $ (10,787 )

Shareholders' Equity

Shareholders' Equity	12 Months Ended
	Sep. 24, 2024
Shareholders’ Equity [Abstract]
Shareholders' Equity	8. Shareholders’ 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. The company has issued 12,977,433 shares, and as of September 24, 2024 and September 26, 2023 there were 10,712,367 and 11,446,587 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”) that same year, 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 $134,000 and $131,000 in total stock-based compensation expense during the fiscal years ended September 24, 2024 and September 26, 2023 respectively, that was classified as general and administrative costs. Stock Options 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 the fiscal years ended September 24, 2024 and September 26, 2023. 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 24, 2024, the Company granted Mr. Zink 20,000 Incentive Stock Options and Mr. Stack 18,000 Incentive Stock Options, both vesting ratably over a five-year period. During the fiscal year ended September 26, 2023, the Company granted Mr. Zink 20,000 Incentive Stock Options vesting ratably over a five-year period. 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 2024 Fiscal 2023 Expected term (years) 6.25 7.5 Expected volatility 62.5% 60.0% - 60.2% Risk-free interest rate 4.68% 3.33% - 4.21% Expected dividends - - 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 the fiscal years ended September 24, 2024 and September 26, 2023 under all plans: Fiscal Year Ended September 24, 2024 September 26, 2023 Shares Weighted Weighted Shares Weighted Weighted Remaining Contractual Outstanding at beginning of year 437,528 $ 3.95 470,161 $ 3.97 Options granted 38,000 $ 2.51 45,000 $ 2.81 Options exercised - $ - (2,000 ) $ 2.31 Forfeited (4,312 ) $ 2.90 (75,633 ) $ 3.49 Expired - - - - Outstanding at end of year 471,216 $ 3.84 4.04 437,528 $ 3.95 4.57 Exercisable at end of year 337,216 $ 3.71 3.28 322,607 $ 3.65 4.16 As of September 24, 2024 and September 26, 2023, the aggregate intrinsic value of the outstanding and exercisable options was $25,301 and $25,401, respectively. 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 24, 2024, the total remaining unrecognized compensation cost related to non-vested stock options was $90,000 and is expected to be recognized over a weighted average period of approximately 3.4 years. There were no There were 2,000 stock options exercised during the fiscal year ended September 26, 2023, with proceeds of approximately $5,000 Common Stock Grants During the fiscal years ended September 24, 2024 and September 26, 2023, the Company did not make any grants of common stock. Restricted Stock Units Restricted Stock Units award a holder of a grant the right to receive, at the Company’s option, a specified number of shares of common stock or a cash payment equal to the fair market value (determined as of a specified date) of a specified number of shares of common stock, subject to other conditions or restrictions as may be determined by the Company to be applicable to any given grant. During the fiscal year ended September 24, 2024, the Company granted 44,000 Restricted Stock Units. There were 25,750 restricted stock units granted during the fiscal year ended September 26, 2023. A summary of the status of non-vested restricted stock units as of September 24, 2024 and September 26, 2023 is presented below. Fiscal Year Ended September 24, 2024 September 26, 2023 Shares Grant Date Shares Grant Date Non-vested shares at beginning of year 45,250 $2.29 to $4.50 73,336 $1.54 to $4.50 Granted 44,000 $2.52 to $2.54 25,750 $ 2.29 Exercised - - (46,336 ) $ 1.54 Forfeited - - (7,500 ) $ 2.29 Non-vested shares at end of year 89,250 $2.29 to $4.50 45,250 $2.29 to $4.50 As of September 24, 2024, there was $110,000 of total unrecognized compensation cost related to non-vested restricted stock units. This cost is expected to be recognized over a weighted average period of approximately 1.8 years. Non-controlling Interests Non-controlling interests are presented as a separate item in the shareholders’ 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 shareholders’ 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 income or expense attributable to non-controlling interests 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 24, 2024 and September 26, 2023 (in thousands): Fiscal Year Ended September 24, 2024 September 26, 2023 Balance at beginning of fiscal year $ 423 $ 1,303 Income attributable to non-controlling interests $ 266 $ 586 Purchase of non-controlling interests in Bad Daddy’s limited liability companies $ - $ (831 ) Contributions from non-controlling partner/members $ 200 $ 13 Distributions to non-controlling partner/members $ (172 ) $ (648 ) Balance at end of fiscal year $ 717 $ 423 In January 2023, the Company repurchased the membership interests in five limited liability companies related to five Bad Daddy’s restaurants. Our non-controlling interests currently represent a single limited partner in one limited partnership involving six Good Times restaurants, in which the Company owns a 50.0% interest in the partnership and maintains contractual management control.

Retirement Plan

Retirement Plan	12 Months Ended
	Sep. 24, 2024
Retirement Plan [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) and the Company makes 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 the fiscal years ended September 24, 2024 and September 26, 2023 were $246,000 and $212,000, respectively. Matching contributions are generally made at the same time employee contributions are made.

Segment Reporting

Segment Reporting	12 Months Ended
	Sep. 24, 2024
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-thru 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 2024 2023 Revenues: Bad Daddy’s $ 103,844 $ 102,517 Good Times 38,471 35,643 Total $ 142,315 $ 138,160 Income (loss) from operations Bad Daddy’s $ (231 ) $ (1,342 ) Good Times 1,611 2,305 Total $ 1,380 $ 963 Capital Expenditures Bad Daddy’s $ 1,437 $ 3,179 Good Times 2,264 2,982 Total $ 3,701 $ 6,161 Property & Equipment, net Bad Daddy’s $ 17,418 $ 18,053 Good Times 5,379 4,983 Total $ 22,797 $ 23,036 Total Assets Bad Daddy’s $ 62,619 $ 67,720 Good Times 24,499 23,368 Total $ 87,118 $ 91,088

Subsequent Events

Subsequent Events	12 Months Ended
	Sep. 24, 2024
Subsequent Events [Abstract]
Subsequent Events	11. Subsequent Events On December 12, 2024 the Company the Company announced a $2 million expansion of its existing share repurchase program, which now provides authorization for a total of $7 million dollars of aggregate share repurchases.

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($) $ in Thousands	12 Months Ended
	Sep. 24, 2024	Sep. 26, 2023	Sep. 26, 2023
Pay vs Performance Disclosure
Net Income (Loss)	$ 1,613	$ 11,086	$ 11,086

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended
	Sep. 26, 2024
Trading Arrangements, by Individual
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false
Rule 10b5-1 Arrangement Modified	false
Non-Rule 10b5-1 Arrangement Modified	false

Accounting Policies, by Policy

Accounting Policies, by Policy (Policies)	12 Months Ended
	Sep. 24, 2024
Organization and Summary of Significant Accounting Policies [Abstract]
Organization	Organization BDCO was formed by Good Times Restaurants Inc. in 2013 to develop Bad Daddy’s Burger Bar restaurants in the state of Colorado. Subsequently, BDI was acquired by Good Times Restaurants Inc. on May 7, 2015. Combined, activities in these entities compose our Bad Daddy’s operating segment, which as of September 24, 2024, operates thirty-nine company-owned, and one licensee full-service small-box casual dining restaurants under the name Bad Daddy’s Burger Bar, primarily located in the Southeast region of the United States and the state of Colorado 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 owns, operates, and franchises drive-thru fast food hamburger restaurants under the name Good Times Burgers & Frozen Custard. As of September 24, 2024, the Company operates nineteen Company-owned restaurants and six restaurants in a partnership in which the Company is the controlling partner. All nineteen Company-operated restaurants are located in Colorado. In addition, as of September 24, 2024, Drive Thru is the franchisor of five franchisee-owned restaurants, with three 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.
Fiscal Year	Fiscal Year
Principles of Consolidation	Principles of Consolidation
Advertising Costs	Advertising Costs
Accounting Estimates	Accounting Estimates
Cash and Cash Equivalents	Cash and Cash Equivalents
Inventories	Inventories
Accounts Receivable	Accounts Receivable none
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 No
Reacquired franchise rights	Reacquired franchise rights
Goodwill	Goodwill The following table presents goodwill associated with each reporting unit as of September 24, 2024 and September 26, 2023 (in thousands): September 24, 2024 September 26, 2023 Good Times $ 96 $ 96 Bad Daddy’s 5,617 5,617 Total $ 5,713 $ 5,713
Impairment of Long-Lived Assets	Impairment of Long-Lived Assets There were impairments of $698,000 in the fiscal year ended September 24, 2024, related primarily to lease right-of-use assets and new assets deployed in restaurants where impairment was previously assessed, and the Company’s current analysis indicated impairment of assets associated with those restaurants. During the fiscal year ended September 27, 2023, there were impairments of $1,589,000.
Leases	Leases Leases (Topic 842) The Company assesses whether a contract qualifies as a lease at inception. The Company only held operating leases as of and during the years ended September 24, 2024 and September 26, 2023. 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. In certain situations, lease contracts are amended or otherwise changed. Based upon an analysis of those changes, specifically whether additional rights have been conveyed and additional lease payments are required, the Company determines whether the lease warrants remeasurement, or treatment as a separate contract. 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. The Company had four subleases as of September 24, 2024. We disclose details of sublease income and its impact on operating lease expense in Note 6.
Deferred Liabilities	Deferred Liabilities
Revenue Recognition	Revenue Recognition Revenue from Contracts with Customers (Topic 606) 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. Late in fiscal 2023, the Company began operating a loyalty program known as GT Rewards. With each purchase, GT Rewards members earn loyalty points that can be redeemed in the future for free products. Activity related to the reward program is immaterial to the Company’s financial statements for the year ended September 24, 2024. 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 taxation in various jurisdictions within the U.S. The Company’s tax years corresponding to the Company’s fiscal years 2021 through 2023 remain open for examination by the authorities under the normal three-year statute of limitations. Should the Company utilize any of its U.S. or state NOLs, the tax year to which the original loss relates will remain open to examination. 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 24, 2024.
Net Income Per Common Share	Net Income Per Common Share The following table reconciles basic weighted-average shares outstanding to diluted weighted-average shares outstanding: September 24, September 26, Weighted-average shares outstanding basic 11,047,152 11,772,778 Effect of potentially dilutive securities: Stock options 11,161 9,724 Restricted stock units 89,250 45,250 Weighted-average shares outstanding diluted 11,147,563 11,827,752 Excluded from diluted weighted-average shares outstanding: Antidilutive 343,216 347,528
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. Receivables consist of the following as of: September 24, 2024 September 26, 2023 Vendor rebates and incentives 437 185 Third party delivery partners 280 269 Third party retailers 120 14 Franchise and other 53 29 Lease incentives - 272 Total $ 890 $ 769 The Company distributes most of its restaurant food and paper through a single distribution company. The Company believes a sufficient number of other distributors exist from which food and paper could be warehoused and distributed 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
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 limited partnership involving six Good Times restaurants in which the Company and non-controlling partner share equal ownership and previously included five limited liability companies involving five Bad Daddy’s restaurants. The Company purchased the non-controlling membership interests in the five limited liability companies owning five Bad Daddy’s restaurants in January 2023.
Recent Accounting Pronouncements	Recent Accounting Pronouncements ● ASU 2023-07–Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures was issued November 2023 and is effective for fiscal years beginning after December 15, 2023, and interim periods within fiscal years beginning after December 15, 2024. It is to be applied retrospectively. The Company expects to retrospectively implement ASU 2023-07 in fiscal year 2025 and does not anticipate that it will have a material effect on the Company’s consolidated financial statements. ● ASU 2023-09 Income Taxes (Topic 740): Improvements to Income Tax Disclosures was issued December 2023 and is effective for fiscal years beginning after December 15, 2024. It is to be applied prospectively. The Company expects to implement ASU 2023-09 prospectively in fiscal year 2026 and does not expect that it will have a material effect on the Company’s consolidated financial statements. ● ASU 2024-03 Income Statement – Reporting Comprehensive Income – Expense Disaggregation Disclosures (Subtopic 220-40): Disaggregation of Income Statement Expenses was issued November 2024 and is effective for fiscal years beginning after December 15, 2026 and interim periods beginning after December 17, 2027. It may be applied either prospectively or retrospectively and early implementation is allowed. The Company is assessing the timing and method of implementation of this accounting pronouncement but does not expect that it will have a material effect on the Company’s consolidated financial statements. 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_2

Organization and Summary of Significant Accounting Policies (Tables)	12 Months Ended
	Sep. 24, 2024
Organization and Summary of Significant Accounting Policies [Abstract]
Schedule of Goodwill	The following table presents goodwill associated with each reporting unit as of September 24, 2024 and September 26, 2023 (in thousands): September 24, 2024 September 26, 2023 Good Times $ 96 $ 96 Bad Daddy’s 5,617 5,617 Total $ 5,713 $ 5,713
Schedule of Weighted-Average Shares Outstanding to Diluted Weighted-Average Shares Outstanding	The following table reconciles basic weighted-average shares outstanding to diluted weighted-average shares outstanding: September 24, September 26, Weighted-average shares outstanding basic 11,047,152 11,772,778 Effect of potentially dilutive securities: Stock options 11,161 9,724 Restricted stock units 89,250 45,250 Weighted-average shares outstanding diluted 11,147,563 11,827,752 Excluded from diluted weighted-average shares outstanding: Antidilutive 343,216 347,528
Schedule of Receivables	Financial instruments potentially subjecting the Company to concentrations of credit risk consist principally of receivables. Receivables consist of the following as of: September 24, 2024 September 26, 2023 Vendor rebates and incentives 437 185 Third party delivery partners 280 269 Third party retailers 120 14 Franchise and other 53 29 Lease incentives - 272 Total $ 890 $ 769

Goodwill and Intangible Assets

Goodwill and Intangible Assets (Tables)	12 Months Ended
	Sep. 24, 2024
Goodwill and Intangible Assets [Abstract]
Schedule of Goodwill and Intangible Assets	The following table presents goodwill and intangible assets as of September 24, 2024 and September 26, 2023 (in thousands): September 24, 2024 September 26, 2023 Gross Amount Accumulated Amortization Net Amount Gross Amount Accumulated Amortization Net Amount Intangible assets subject to amortization: Non-compete agreements $ 50 $ (31 ) $ 19 $ 50 $ (14 ) $ 36 Reacquired franchise rights $ 15 $ (3 ) $ 12 $ 15 $ - $ 15 $ 65 $ (34 ) $ 31 $ 65 $ (14 ) $ 51 Indefinite-lived intangible assets: Trademarks $ 3,900 $ - $ 3,900 $ 3,900 $ - $ 3,900 Intangible assets, net $ 3,965 $ (34 ) $ 3,931 $ 3,965 $ (14 ) $ 3,951 Goodwill $ 5,713 $ - $ 5,713 $ 5,713 $ - $ 5,713

Other Accrued Liabilities (Tabl

Other Accrued Liabilities (Tables)	12 Months Ended
	Sep. 24, 2024
Other Accrued Liabilities [Abstract]
Schedule of Other Accrued Liabilities	Other accrued liabilities consist of the following (in thousands): September 24, 2024 September 26, 2023 Wages and other employee benefits $ 2,681 $ 2,893 Taxes, other than income tax 1,318 1,275 Gift card liability, net of breakage 1,460 1,108 General expense accrual and other 847 1,175 Total $ 6,306 $ 6,451

Leases (Tables)

Leases (Tables)	12 Months Ended
	Sep. 24, 2024
Leases [Abstract]
Schedule of Components of Operating Lease Costs	Components of operating lease costs in the consolidated statements of operations for the fiscal years ended September 24, 2024 and September 26, 2023 are as follows (in thousands): Classification Fiscal 2024 Fiscal 2023 Operating lease cost Occupancy, Other restaurant operating costs, preopening costs and General and administrative expenses, net $ 7,450 $ 7,302 Variable lease cost Occupancy 54 (23 ) Sublease income Occupancy (517 ) (546 ) Total lease expense $ 6,987 $ 6,733
Schedule of Supplemental Cash Flow Disclosures	Supplemental cash flow disclosures for the fiscal years ended September 24, 2024 and September 26, 2023 (in thousands): Fiscal 2024 Fiscal 2023 Cash paid for operating lease liabilities $ 8,072 $ 7,431 Non-cash operating lease assets obtained in exchange for operating lease liabilities $ 242 $ 443
Schedule of Weighted Average Lease Term and Discount Rate	Weighted average lease term and discount rate are as follows: September 24, September 26, Weighted average remaining lease term (in years) 7.36 7.94 Weighted average discount rate 5.2 % 5.0 %
Schedule of Future Minimum Rent Payments for Our Operating Leases	Future minimum rent payments for our operating leases for each of the next five years as of September 24, 2024 are as follows (in thousands): Fiscal year ending September: Total 2025 8,280 2026 7,856 2027 7,560 2028 6,800 2029 5,563 Thereafter 16,618 Total minimum lease payments 52,677 Less: imputed interest (9,120 ) Present value of lease liabilities $ 43,557

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
	Sep. 24, 2024
Income Taxes [Abstract]
Schedule of Deferred Tax Assets (Liabilities)	Deferred tax assets (liabilities) are comprised of the following at the period end (in thousands): September 24, 2024 September 26, 2023 Deferred income tax assets (liabilities): Tax effect of net operating loss carry-forward $ 3,426 $ 3,622 General business credits 7,399 6,262 Deferred revenue 52 29 Intangibles basis differences 547 925 Long-term lease liability 9,443 10,613 Other future benefits 664 668 Deferred tax assets 21,531 22,119 Less valuation allowance - - Deferred tax assets, net of valuation allowance 21,531 22,119 Partnership/joint venture basis differences (95 ) (64 ) Property and Equipment basis differences (1,599 ) (1,731 ) ROU asset (7,630 ) (8,741 ) Deferred tax liabilities (9,324 ) (10,536 ) Net deferred tax assets $ 12,207 $ 11,583
Schedule of Provision for Income Taxes	The following table summarizes the components of the provision for income taxes (in thousands): Fiscal 2024 Fiscal 2023 Current: Federal $ - $ - State - 4 - 4 Deferred: Federal (632 ) (9,925 ) State 8 (866 ) (624 ) (10,791 ) Total income tax benefit $ (624 ) $ (10,787 )
Schedule of Income Tax Expense	The income tax expense for years ended September 24, 2024 and September 26, 2023 differed from the amounts computed by applying the U.S. Federal statutory tax rate to pre-tax income as follows (in thousands): Fiscal 2024 Fiscal 2023 U.S. Federal tax provision at statutory rate $ 208 $ 182 State (tax benefit) income tax, net of federal tax benefit (2 ) 344 FICA/WOTC tax credits (1,126 ) (989 ) Effect of change in valuation allowance - (10,535 ) Permanent differences 281 383 Other 15 (172 ) Provision for income taxes $ (624 ) $ (10,787 )

Shareholders' Equity (Tables)

Shareholders' Equity (Tables)	12 Months Ended
	Sep. 24, 2024
Shareholders’ Equity [Abstract]
Schedule of Estimate the 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 2024 Fiscal 2023 Expected term (years) 6.25 7.5 Expected volatility 62.5% 60.0% - 60.2% Risk-free interest rate 4.68% 3.33% - 4.21% Expected dividends - -
Schedule of Summarizes Stock Option Activity	The following table summarizes stock option activity for the fiscal years ended September 24, 2024 and September 26, 2023 under all plans: Fiscal Year Ended September 24, 2024 September 26, 2023 Shares Weighted Weighted Shares Weighted Weighted Remaining Contractual Outstanding at beginning of year 437,528 $ 3.95 470,161 $ 3.97 Options granted 38,000 $ 2.51 45,000 $ 2.81 Options exercised - $ - (2,000 ) $ 2.31 Forfeited (4,312 ) $ 2.90 (75,633 ) $ 3.49 Expired - - - - Outstanding at end of year 471,216 $ 3.84 4.04 437,528 $ 3.95 4.57 Exercisable at end of year 337,216 $ 3.71 3.28 322,607 $ 3.65 4.16
Schedule of Non-Vested Restricted Stock Units	A summary of the status of non-vested restricted stock units as of September 24, 2024 and September 26, 2023 is presented below. Fiscal Year Ended September 24, 2024 September 26, 2023 Shares Grant Date Shares Grant Date Non-vested shares at beginning of year 45,250 $2.29 to $4.50 73,336 $1.54 to $4.50 Granted 44,000 $2.52 to $2.54 25,750 $ 2.29 Exercised - - (46,336 ) $ 1.54 Forfeited - - (7,500 ) $ 2.29 Non-vested shares at end of year 89,250 $2.29 to $4.50 45,250 $2.29 to $4.50
Schedule of Summarizes the Activity in Non-Controlling Interests	The following table summarizes the activity in non-controlling interests during the year ended September 24, 2024 and September 26, 2023 (in thousands): Fiscal Year Ended September 24, 2024 September 26, 2023 Balance at beginning of fiscal year $ 423 $ 1,303 Income attributable to non-controlling interests $ 266 $ 586 Purchase of non-controlling interests in Bad Daddy’s limited liability companies $ - $ (831 ) Contributions from non-controlling partner/members $ 200 $ 13 Distributions to non-controlling partner/members $ (172 ) $ (648 ) Balance at end of fiscal year $ 717 $ 423

Segment Reporting (Tables)

Segment Reporting (Tables)	12 Months Ended
	Sep. 24, 2024
Segment Reporting [Abstract]
Schedule of Reportable Segments	The following tables present information about our reportable segments for the respective periods (in thousands): Fiscal Year 2024 2023 Revenues: Bad Daddy’s $ 103,844 $ 102,517 Good Times 38,471 35,643 Total $ 142,315 $ 138,160 Income (loss) from operations Bad Daddy’s $ (231 ) $ (1,342 ) Good Times 1,611 2,305 Total $ 1,380 $ 963 Capital Expenditures Bad Daddy’s $ 1,437 $ 3,179 Good Times 2,264 2,982 Total $ 3,701 $ 6,161 Property & Equipment, net Bad Daddy’s $ 17,418 $ 18,053 Good Times 5,379 4,983 Total $ 22,797 $ 23,036 Total Assets Bad Daddy’s $ 62,619 $ 67,720 Good Times 24,499 23,368 Total $ 87,118 $ 91,088

Organization and Summary of S_3

Organization and Summary of Significant Accounting Policies (Details) - USD ($)	12 Months Ended
	Sep. 24, 2024	Sep. 26, 2023
Organization and Summary of Significant Accounting Policies [Line Items]
Advertising funds from franchisees	$ 179,000	$ 261,000
FDIC Insured limits	250,000
Accounts receivables		272,000
Impairment charges
Number of reporting units	2
Impairments	$ 698,000	$ 1,589,000
Number of industry segments	2
Drive Thru Limited Partnership [Member]
Organization and Summary of Significant Accounting Policies [Line Items]
Ownership interest	50%
Management Control [Member]
Organization and Summary of Significant Accounting Policies [Line Items]
Ownership interest	50%
Five Bad Daddy’s [Member]
Organization and Summary of Significant Accounting Policies [Line Items]
Ownership interest	100%
Ownership percentage in limited liability companies	23%
Ownership percentage, parent	75%
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

Organization and Summary of S_4

Organization and Summary of Significant Accounting Policies (Details) - Schedule of Goodwill - USD ($) $ in Thousands	Sep. 24, 2024	Sep. 26, 2023
Schedule of Goodwill [Line Items]
Total	$ 5,713	$ 5,713
Good Times [Member]
Schedule of Goodwill [Line Items]
Total	96	96
Bad Daddy’s [Member]
Schedule of Goodwill [Line Items]
Total	$ 5,617	$ 5,617

Organization and Summary of S_5

Organization and Summary of Significant Accounting Policies (Details) - Schedule of Weighted-Average Shares Outstanding to Diluted Weighted-Average Shares Outstanding - shares	12 Months Ended
	Sep. 24, 2024	Sep. 26, 2023
Schedule of Weighted-Average Shares Outstanding to Diluted Weighted-Average Shares Outstanding [Line Items]
Weighted-average shares outstanding basic	11,047,152	11,772,778
Effect of potentially dilutive securities:
Weighted-average shares outstanding diluted	11,147,563	11,827,752
Excluded from diluted weighted-average shares outstanding:
Antidilutive	343,216	347,528
Stock options [Member]
Effect of potentially dilutive securities:
Weighted-average shares outstanding diluted	11,161	9,724
Restricted stock units [Member]
Effect of potentially dilutive securities:
Weighted-average shares outstanding diluted	89,250	45,250

Organization and Summary of S_6

Organization and Summary of Significant Accounting Policies (Details) - Schedule of Receivables - USD ($) $ in Thousands	Sep. 24, 2024	Sep. 26, 2023
Schedule of Receivables [Line Items]
Total receivables	$ 890	$ 769
Vendor rebates and incentives [Member]
Schedule of Receivables [Line Items]
Total receivables	437	185
Third party delivery partners [Member]
Schedule of Receivables [Line Items]
Total receivables	280	269
Third party retailers [Member]
Schedule of Receivables [Line Items]
Total receivables	120	14
Franchise and other [Member]
Schedule of Receivables [Line Items]
Total receivables	53	29
Lease incentives [Member]
Schedule of Receivables [Line Items]
Total receivables		$ 272

Goodwill and Intangible Asset_2

Goodwill and Intangible Assets (Details) - USD ($)	12 Months Ended
	Sep. 24, 2024	Sep. 26, 2023
Goodwill and Intangible Assets [Abstract]
Impairments of intangible assets
Amortization expense	$ 20,000

Goodwill and Intangible Asset_3

Goodwill and Intangible Assets (Details) - Schedule of Goodwill and Intangible Assets - USD ($) $ in Thousands	Sep. 24, 2024	Sep. 26, 2023
Schedule of Goodwill and Intangible Assets [Line Items]
Goodwill, Gross Carrying Amount	$ 5,713	$ 5,713
Goodwill, Accumulated Amortization
Goodwill, Net Carrying Amount	5,713	5,713
Non-compete agreements [Member]
Schedule of Goodwill and Intangible Assets [Line Items]
Goodwill, Gross Carrying Amount	50	50
Goodwill, Accumulated Amortization	(31)	(14)
Goodwill, Net Carrying Amount	19	36
Reacquired Franchise Rights [Member]
Schedule of Goodwill and Intangible Assets [Line Items]
Goodwill, Gross Carrying Amount	15	15
Goodwill, Accumulated Amortization	(3)
Goodwill, Net Carrying Amount	12	15
Intangible assets subject to amortization [Member]
Schedule of Goodwill and Intangible Assets [Line Items]
Goodwill, Gross Carrying Amount	65	65
Goodwill, Accumulated Amortization	(34)	(14)
Goodwill, Net Carrying Amount	31	51
Trademarks [Member]
Schedule of Goodwill and Intangible Assets [Line Items]
Goodwill, Gross Carrying Amount	3,900	3,900
Goodwill, Accumulated Amortization
Goodwill, Net Carrying Amount	3,900	3,900
Intangible Assets, Net [Member]
Schedule of Goodwill and Intangible Assets [Line Items]
Goodwill, Gross Carrying Amount	3,965	3,965
Goodwill, Accumulated Amortization	(34)	(14)
Goodwill, Net Carrying Amount	$ 3,931	$ 3,951

Notes Payable and Long-Term D_2

Notes Payable and Long-Term Debt (Details) - USD ($)	12 Months Ended
	Sep. 24, 2024	Sep. 26, 2023
Notes Payable and Long-Term Debt [Line Items]
Committed funds	$ 7,490,000
Interest expense	$ 108,000	$ 31,000
Parker Promissory Note [Member]
Notes Payable and Long-Term Debt [Line Items]
Borrowings credit facility	5%
Line of Credit Facility, Average Outstanding Amount	$ 372,000
Annual principal maturity	5 years
Annual principal amount	$ 35,000
Cadence Credit Facility [Member]
Notes Payable and Long-Term Debt [Line Items]
Interest rate	0.25%
Aggregate outstanding balance	$ 4,000,000
Borrowings credit facility	8.41%
Professional fees	$ 299,000
Unamortized balance	95,000
Borrowings facility	500,000
Outstanding letters of credit issued	10,000
Cadence Bank [Member]
Notes Payable and Long-Term Debt [Line Items]
Agreed loan	$ 8,000,000
Maturity date	Apr. 20, 2028

Other Accrued Liabilities (Deta

Other Accrued Liabilities (Details) - Schedule of Other Accrued Liabilities - USD ($) $ in Thousands	Sep. 24, 2024	Sep. 26, 2023
Schedule of Other Accrued Liabilities [Abstract]
Wages and other employee benefits	$ 2,681	$ 2,893
Taxes, other than income tax	1,318	1,275
Gift card liability, net of breakage	1,460	1,108
General expense accrual and other	847	1,175
Total	$ 6,306	$ 6,451

Commitments and Contingencies (

Commitments and Contingencies (Details) - USD ($)		12 Months Ended
	Jul. 30, 2021	Sep. 24, 2024	Mar. 26, 2024
Commitments and Contingencies [Abstract]
Outstanding commitments		$ 268,000
Claim damages	$ 18,000,000
Contingency reserve			$ 332,000
Exceeds amount		$ 3,000,000

Leases (Details)

Leases (Details) - USD ($)	12 Months Ended
	Sep. 24, 2024	Sep. 26, 2023
Leases [Line Items]
Rent expense (in Dollars)	$ 54,000
Operating Lease, Lease Income, Statement of Income or Comprehensive Income [Extensible Enumeration]	Total Income (loss) from operations
Income related to contingent rent (in Dollars)		$ 23,000
Operating leases term	20 years
Minimum [Member]
Leases [Line Items]
Initial lease term	10 years
Lease renewal term	10 years
Maximum [Member]
Leases [Line Items]
Initial lease term	20 years
Lease renewal term	15 years

Leases (Details) - Schedule of

Leases (Details) - Schedule of Components of Operating Lease Costs - USD ($) $ in Thousands	12 Months Ended
	Sep. 24, 2024	Sep. 26, 2023
Schedule of Components of Operating Lease Costs [Abstract]
Operating lease cost	$ 7,450	$ 7,302
Variable lease cost	54	(23)
Sublease income	(517)	(546)
Total lease expense	$ 6,987	$ 6,733

Leases (Details) - Schedule o_2

Leases (Details) - Schedule of Supplemental Cash Flow Disclosures - USD ($) $ in Thousands	12 Months Ended
	Sep. 24, 2024	Sep. 26, 2023
Schedule of Supplemental Cash Flow Disclosures [Abstract]
Cash paid for operating lease liabilities	$ 8,072	$ 7,431
Non-cash operating lease assets obtained in exchange for operating lease liabilities	$ 242	$ 443

Leases (Details) - Schedule o_3

Leases (Details) - Schedule of Weighted Average Lease Term and Discount Rate	Sep. 24, 2024	Sep. 26, 2023
Schedule of Weighted Average Lease Term and Discount Rate [Abstract]
Weighted average remaining lease term (in years)	7 years 4 months 9 days	7 years 11 months 8 days
Weighted average discount rate	5.20%	5%

Leases (Details) - Schedule o_4

Leases (Details) - Schedule of Future Minimum Rent Payments for Our Operating Leases $ in Thousands	Sep. 24, 2024 USD ($)
Schedule of Future Minimum Rent Payments for Our Operating Leases [Abstract]
2025	$ 8,280
2026	7,856
2027	7,560
2028	6,800
2029	5,563
Thereafter	16,618
Total minimum lease payments	52,677
Less: imputed interest	(9,120)
Present value of lease liabilities	$ 43,557

Income Taxes (Details)

Income Taxes (Details) - USD ($)	12 Months Ended
	Sep. 24, 2024	Sep. 26, 2023
Income Taxes [Line Items]
Income Tax Credits and Adjustments	$ 7,399,000
Deferred tax benefit		$ 792,000
Tax Year 2019 [Member]
Income Taxes [Line Items]
Net operating loss carry-forwards	11,643,000
Tax Year 2018 [Member]
Income Taxes [Line Items]
Net operating loss carry-forwards	0
Tax Year 2017 [Member]
Income Taxes [Line Items]
Net operating loss carry-forwards	1,035,000
Maximum [Member] | Tax Year 2017 [Member]
Income Taxes [Line Items]
Net operating loss carry-forwards	$ 163,000

Income Taxes (Details) - Schedu

Income Taxes (Details) - Schedule of Deferred Tax Assets (Liabilities) - USD ($) $ in Thousands	Sep. 24, 2024	Sep. 26, 2023
Deferred income tax assets (liabilities):
Tax effect of net operating loss carry-forward	$ 3,426	$ 3,622
General business credits	7,399	6,262
Deferred revenue	52	29
Intangibles basis differences	547	925
Long-term lease liability	9,443	10,613
Other future benefits	664	668
Deferred tax assets	21,531	22,119
Less valuation allowance
Deferred tax assets, net of valuation allowance	21,531	22,119
Partnership/joint venture basis differences	(95)	(64)
Property and Equipment basis differences	(1,599)	(1,731)
ROU asset	(7,630)	(8,741)
Deferred tax liabilities	(9,324)	(10,536)
Net deferred tax assets	$ 12,207	$ 11,583

Income Taxes (Details) - Sche_2

Income Taxes (Details) - Schedule of Provision for Income Taxes - USD ($) $ in Thousands	12 Months Ended
	Sep. 24, 2024	Sep. 26, 2023
Current:
Federal
State		4
Current income tax benefit		4
Deferred:
Federal	(632)	(9,925)
State	8	(866)
Deferred income tax benefit	(624)	(10,791)
Total income tax benefit	$ (624)	$ (10,787)

Income Taxes (Details) - Sche_3

Income Taxes (Details) - Schedule of Income Tax Expense - USD ($) $ in Thousands	12 Months Ended
	Sep. 24, 2024	Sep. 26, 2023
Schedule of Income Tax Expense [Abstract]
U.S. Federal tax provision at statutory rate	$ 208	$ 182
State (tax benefit) income tax, net of federal tax benefit	(2)	344
FICA/WOTC tax credits	(1,126)	(989)
Effect of change in valuation allowance		(10,535)
Permanent differences	281	383
Other	15	(172)
Total income tax benefit	$ (624)	$ (10,787)

Shareholders' Equity (Details)

Shareholders' Equity (Details) - USD ($)		12 Months Ended
	Jan. 31, 2023	Sep. 24, 2024	Sep. 26, 2023
Shareholders' 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, par value (in Dollars per share)		$ 0.001	$ 0.001
Common stock, shares issued		12,977,433	12,977,433
Common stock, shares outstanding		10,712,367	11,446,587
Stock-based compensation expense (in Dollars)		$ 134,000	$ 131,000
Options granted, shares		38,000	45,000
Outstanding and exercisable options (in Dollars)		$ 25,301	$ 25,401
Stock option exercise			2,000
Proceeds from stock option exercises (in Dollars)			$ 5,000
Granted, number of shares			25,750
Stock Options [Member]
Shareholders' Equity [Line Items]
Non-vested stock options (in Dollars)		$ 90,000
Weighted average period		3 years 4 months 24 days
Stock option exercise			2,000
Restricted Stock Units (RSUs) [Member]
Shareholders' Equity [Line Items]
Non-vested stock options (in Dollars)		$ 110,000
Weighted average period		1 year 9 months 18 days
Granted, number of shares		44,000	25,750
Five Limited Liability Companies [Member]
Shareholders' Equity [Line Items]
Interest in partnership perccentage	50%
Mr. Zink [Member] | Incentive Stock Options [Member]
Shareholders' Equity [Line Items]
Options granted, shares		20,000	20,000
Mr. Stack [Member] | Incentive Stock Options [Member]
Shareholders' Equity [Line Items]
Options granted, shares		18,000

Shareholders' Equity (Details)

Shareholders' Equity (Details) - Schedule of Estimate the Fair Value of Stock Option Grants	12 Months Ended
	Sep. 24, 2024	Sep. 26, 2023
Shareholders' Equity (Details) - Schedule of Estimate the Fair Value of Stock Option Grants [Line Items]
Expected term (years)	6 years 3 months	7 years 6 months
Expected volatility	62.50%
Risk-free interest rate	4.68%
Expected dividends
Minimum [Member]
Shareholders' Equity (Details) - Schedule of Estimate the Fair Value of Stock Option Grants [Line Items]
Expected volatility		60%
Risk-free interest rate		3.33%
Maximum [Member]
Shareholders' Equity (Details) - Schedule of Estimate the Fair Value of Stock Option Grants [Line Items]
Expected volatility		60.20%
Risk-free interest rate		4.21%

Shareholders' Equity (Details_2

Shareholders' Equity (Details) - Schedule of Summarizes Stock Option Activity	12 Months Ended
	Sep. 24, 2024 $ / shares shares	Sep. 26, 2023 $ / shares shares
Schedule of Summarizes Stock Option Activity [Abstract]
Outstanding at beginning of year, Shares | shares	437,528	470,161
Outstanding at beginning of year, Weighted Average Exercise Price | $ / shares	$ 3.95	$ 3.97
Options granted, Shares | shares	38,000	45,000
Options granted, Weighted Average Exercise Price | $ / shares	$ 2.51	$ 2.81
Options exercised, Shares | shares		(2,000)
Options exercised, Weighted Average Exercise Price | $ / shares		$ 2.31
Forfeited, Shares | shares	(4,312)	(75,633)
Forfeited, Weighted Average Exercise Price | $ / shares	$ 2.9	$ 3.49
Expired, Shares | shares
Expired, Weighted Average Exercise Price | $ / shares
Outstanding at ending of year, Shares | shares	471,216	437,528
Outstanding at ending of year, Weighted Average Exercise Price | $ / shares	$ 3.84	$ 3.95
Outstanding at ending of year, Weighted Average Remaining Contractual Life (Years)	4 years 14 days	4 years 6 months 25 days
Exercisable, Shares | shares	337,216	322,607
Exercisable, Weighted Average Exercise Price | $ / shares	$ 3.71	$ 3.65
Exercisable, Weighted Average Remaining Contractual Life (Years)	3 years 3 months 10 days	4 years 1 month 28 days

Shareholders' Equity (Details_3

Shareholders' Equity (Details) - Schedule of Non-Vested Restricted Stock Units - Restricted Stock Units (RSUs) [Member] - $ / shares	12 Months Ended
	Sep. 24, 2024	Sep. 26, 2023
Schedule of Non-Vested Restricted Stock Units [Line Items]
Non-vested shares at beginning of year, Number of Shares (in Shares)	45,250	73,336
Granted, Number of Shares (in Shares)	44,000	25,750
Granted, Grant Date Fair Value Per Share		$ 2.29
Exercised, Number of Shares (in Shares)		(46,336)
Exercised, Grant Date Fair Value Per Share		$ 1.54
Forfeited, Number of Shares (in Shares)		(7,500)
Forfeited, Grant Date Fair Value Per Share		$ 2.29
Non-vested shares at ending of year, Number of Shares (in Shares)	89,250	45,250
Minimum [Member]
Schedule of Non-Vested Restricted Stock Units [Line Items]
Non-vested shares at beginning of year, Grant Date Fair Value Per Share	$ 2.29	$ 1.54
Granted, Grant Date Fair Value Per Share	2.52
Non-vested shares at ending of year, Grant Date Fair Value Per Share	2.29	2.29
Maximum [Member]
Schedule of Non-Vested Restricted Stock Units [Line Items]
Non-vested shares at beginning of year, Grant Date Fair Value Per Share	4.5	4.5
Granted, Grant Date Fair Value Per Share	2.54
Non-vested shares at ending of year, Grant Date Fair Value Per Share	$ 4.5	$ 4.5

Shareholders' Equity (Details_4

Shareholders' Equity (Details) - Schedule of Summarizes the Activity in Non-Controlling Interests - Noncontrolling Interest [Member] - USD ($) $ in Thousands	12 Months Ended
	Sep. 24, 2024	Sep. 26, 2023	Sep. 26, 2023
Schedule of Summarizes the Activity in Non-Controlling Interests [Line Items]
Balance at beginning of year	$ 423	$ 1,303
Income attributable to non-controlling interests	266	586	$ 586
Purchase of non-controlling interests in Bad Daddy’s limited liability companies		(831)	831
Contributions from non-controlling partner/members	200	13	13
Distributions to non-controlling partner/members	(172)	(648)	(648)
Balance at end of year	$ 717	$ 423	$ 423

Retirement Plan (Details)

Retirement Plan (Details) - USD ($)	12 Months Ended
	Sep. 24, 2024	Sep. 26, 2023
Retirement Plan [Line Items]
Contributed by employees	3%
Eligible pay contributed by employees	50%
Matching contribution expense (in Dollars)	$ 246,000	$ 212,000
Minimum [Member]
Retirement Plan [Line Items]
Contributed by employees	3%
Maximum [Member]
Retirement Plan [Line Items]
Contributed by employees	5%

Segment Reporting (Details) - S

Segment Reporting (Details) - Schedule of Reportable Segments - USD ($) $ in Thousands	12 Months Ended
	Sep. 24, 2024	Sep. 26, 2023
Revenues:
Total Revenues	$ 142,315	$ 138,160
Income (loss) from operations
Total Income (loss) from operations	1,380	963
Capital Expenditures
Total Capital Expenditures	3,701	6,161
Property & Equipment, net
Total Property & Equipment, net	22,797	23,036
Total Assets
Total Assets	87,118	91,088
Bad Daddy’s [Member]
Revenues:
Total Revenues	103,844	102,517
Income (loss) from operations
Total Income (loss) from operations	(231)	(1,342)
Capital Expenditures
Total Capital Expenditures	1,437	3,179
Property & Equipment, net
Total Property & Equipment, net	17,418	18,053
Total Assets
Total Assets	62,619	67,720
Good Times [Member]
Revenues:
Total Revenues	38,471	35,643
Income (loss) from operations
Total Income (loss) from operations	1,611	2,305
Capital Expenditures
Total Capital Expenditures	2,264	2,982
Property & Equipment, net
Total Property & Equipment, net	5,379	4,983
Total Assets
Total Assets	$ 24,499	$ 23,368

Subsequent Events (Details)

Subsequent Events (Details) - Subsequent Event [Member] $ in Millions	Dec. 12, 2024 USD ($)
Subsequent Events (Details) [Line Items]
Existing share repurchase program amount	$ 2
Authorized share repurchase program amount	$ 7