Good Times Restaurants (GTIM) 10-K 14 Dec 23 2023 FY Annual report Financial data

Document And Entity Information

Document And Entity Information - USD ($)	12 Months Ended
	Sep. 26, 2023	Nov. 30, 2023	Mar. 28, 2023
Document Information [Line Items]
Entity Central Index Key	0000825324
Entity Registrant Name	Good Times Restaurants Inc.
Amendment Flag	false
Current Fiscal Year End Date	--09-26
Document Fiscal Period Focus	FY
Document Fiscal Year Focus	2023
Document Type	10-K
Document Annual Report	true
Document Period End Date	Sep. 26, 2023
Document Transition Report	false
Entity File Number	000-18590
Entity Incorporation, State or Country Code	NV
Entity Tax Identification Number	84-1133368
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
City Area Code	303
Local Phone Number	384-1400
Title of 12(b) Security	Common Stock $.001 par value
Trading Symbol	GTIM
Security Exchange Name	NASDAQ
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
ICFR Auditor Attestation Flag	false
Document Financial Statement Error Correction [Flag]	false
Entity Shell Company	false
Entity Public Float			$ 23,218,300
Entity Common Stock, Shares Outstanding		11,346,488
Auditor Firm ID	659
Auditor Name	Moss Adams LLP
Auditor Location	Denver, Colorado

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Sep. 26, 2023	Sep. 27, 2022
CURRENT ASSETS:
Cash and cash equivalents	$ 4,182	$ 8,906
Receivables	769	694
Prepaid expenses and other	235	888
Inventories	1,407	1,387
Total current assets	6,593	11,875
PROPERTY AND EQUIPMENT
Land and building	5,722	4,670
Leasehold improvements	38,191	35,906
Fixtures and equipment	33,040	30,664
Property, Plant and Equipment, Gross	76,953	71,240
Less accumulated depreciation and amortization	(53,917)	(48,989)
Total net property and equipment	23,036	22,251
OTHER ASSETS:
Operating lease right-of-use assets, net	39,935	42,463
Deferred tax assets, net	11,583	0
Deposits and other assets	292	166
Trademarks	3,900	3,900
Other intangibles, net	36	20
Goodwill	5,713	5,713
Other Assets, Noncurrent	61,459	52,262
TOTAL ASSETS	91,088	86,388
CURRENT LIABILITIES:
Accounts payable	2,585	628
Deferred income	67	48
Operating lease liabilities, current	5,787	5,430
Other accrued liabilities	6,451	6,791
Total current liabilities	14,890	12,897
LONG-TERM LIABILITIES:
Maturities of long-term debt, net of current portion	750	0
Operating lease liabilities, net of current portion	42,332	45,544
Deferred and other liabilities	122	159
Total long-term liabilities	43,204	45,703
COMMITMENTS AND CONTINGENCIES (Note 5)
SHAREHOLDERS’  EQUITY:
Preferred stock, $.01 par value;5,000,000 shares authorized, zero shares issued and outstanding as of September 26, 2023 and September 27, 2022, respectively	0	0
Common stock, $.001 par value; 50,000,000 shares authorized; 12,977,433 issued; 11,446,587 and 12,274,351 shares outstanding as of September 26, 2023 and September 27, 2022, respectively	13	13
Capital contributed in excess of par value	56,701	59,427
Treasury stock, at cost 1,530,846 and 692,798 shares as of September 26, 2023 and September 27, 2022, respectively	(4,908)	(2,634)
Accumulated deficit	(19,235)	(30,321)
Total Good Times Restaurants Inc. shareholders' equity	32,571	26,485
Non-controlling interests	423	1,303
Total shareholders’ equity	32,994	27,788
TOTAL LIABILITIES AND SHAREHOLDERS’  EQUITY	$ 91,088	$ 86,388

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parentheticals) - $ / shares	Sep. 26, 2023	Sep. 27, 2022
Preferred stock, par value (in dollars per share)	$ 0.01	$ 0.01
Preferred stock, shares authorized (in shares)	5,000,000	5,000,000
Preferred stock, shares issued (in shares)	0	0
Preferred stock, shares outstanding (in shares)	0	0
Common stock, par value (in dollars per share)	$ 0.001	$ 0.001
Common stock, shares authorized (in shares)	50,000,000	50,000,000
Common stock, shares issued (in shares)	12,977,433	12,977,433
Common stock, shares outstanding (in shares)	11,446,587	12,274,351
Treasury stock, shares (in shares)	1,530,846	692,798

Consolidated Statements of Oper

Consolidated Statements of Operations - USD ($) $ in Thousands	12 Months Ended
	Sep. 26, 2023	Sep. 27, 2022
NET REVENUES:
Total net revenues	$ 138,122	$ 138,200
RESTAURANT OPERATING COSTS:
Food and packaging costs	42,910	43,877
Payroll and other employee benefit costs	47,549	46,515
Restaurant occupancy costs	9,607	9,440
Other restaurant operating costs	19,013	18,515
Preopening costs	484	51
Depreciation and amortization	3,663	3,895
Total restaurant operating costs	123,226	122,293
General and administrative costs	9,127	10,528
Advertising costs	3,258	3,164
Impairment of long-lived assets	1,589	3,437
Gain on restaurant and equipment asset sales	(41)	(676)
Litigation Contingencies	0	332
INCOME (LOSS) FROM OPERATIONS	963	(878)
OTHER INCOME (EXPENSES):
Interest expense	(78)	(54)
NET INCOME (LOSS) BEFORE INCOME TAXES	885	(932)
Provision for income taxes	10,787	5
NET INCOME (LOSS)	11,672	(927)
Income attributable to non-controlling interests	(586)	(1,714)
NET INCOME (LOSS) ATTRIBUTABLE TO COMMON SHAREHOLDERS	$ 11,086	$ (2,641)
NET INCOME (LOSS) PER SHARE, ATTRIBUTABLE TO COMMON SHAREHOLDERS:
Basic (in dollars per share)	$ 0.94	$ (0.21)
Diluted (in dollars per share)	$ 0.94	$ (0.21)
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING
Weighted-average shares outstanding basic (in shares)	11,772,778	12,464,408
Diluted (in shares)	11,827,752	12,464,408
Service [Member]
NET REVENUES:
Total net revenues	$ 137,229	$ 137,250
Franchise [Member]
NET REVENUES:
Total net revenues	$ 893	$ 950

Consolidated Statements of Stoc

Consolidated Statements of Stockholders' Equity - USD ($) $ in Thousands	Treasury Stock, Common [Member]	Common Stock Outstanding [Member]	Additional Paid-in Capital [Member]	Noncontrolling Interest [Member]	Retained Earnings [Member]	Total
BALANCES (in shares) at Sep. 28, 2021	376,351	12,512,072
BALANCES at Sep. 28, 2021	$ (1,608)	$ 13	$ 59,021	$ 1,124	$ (27,680)	$ 30,870
Stock-based compensation cost	$ 0	$ 0	250	0	0	250
Shares issued through common stock grants and RSU vesting (in shares)	0	22,622
Shares issued through common stock grants and RSU vesting	$ 0	$ 0	0	0	0	$ 0
Stock option exercise (in shares)	0	56,104				56,104
Stock option exercise	$ 0	$ 0	156	0	0	$ 156
Treasury shares purchased (in shares)	316,447	(316,447)
Treasury shares purchased	$ (1,026)	$ 0	0	0	0	(1,026)
Income attributable to non-controlling interests	0	0	0	1,714	0	1,714
Distributions to unrelated limited partners	0	0	0	(1,568)	0	(1,568)
Contributions from unrelated limited partners	0	0	0	33	0	33
Net loss attributable to Good Times Restaurants Inc and comprehensive loss	$ 0	$ 0	0	0	(2,641)	(2,641)
BALANCES (in shares) at Sep. 27, 2022	692,798	12,274,351
BALANCES at Sep. 27, 2022	$ (2,634)	$ 13	59,427	1,303	(30,321)	27,788
Stock-based compensation cost	$ 0	$ 0	131	0	0	131
Shares issued through common stock grants and RSU vesting (in shares)	0	8,284
Shares issued through common stock grants and RSU vesting	$ 0	$ 0	(92)	0	0	$ (92)
Stock option exercise (in shares)	0	2,000				2,000
Stock option exercise	$ 0	$ 0	5	0	0	$ 5
Treasury shares purchased (in shares)	838,048	(838,048)
Treasury shares purchased	$ (2,274)	$ 0	0	0	0	(2,274)
Income attributable to non-controlling interests	0	0	0	586	0	586
Distributions to unrelated limited partners	0	0	0	(648)	0	(648)
Contributions from unrelated limited partners	0	0	0	13	0	13
Net loss attributable to Good Times Restaurants Inc and comprehensive loss	0	0	0	0	11,086	11,086
Purchase of non-controlling interests	$ 0	$ 0	(2,770)	(831)	0	(3,601)
BALANCES (in shares) at Sep. 26, 2023	1,530,846	11,446,587
BALANCES at Sep. 26, 2023	$ (4,908)	$ 13	$ 56,701	$ 423	$ (19,235)	$ 32,994

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($)	12 Months Ended
	Sep. 26, 2023	Sep. 27, 2022
CASH FLOWS FROM OPERATING ACTIVITIES:
Net Income (loss)	$ 11,672,000	$ (927,000)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Depreciation and amortization	3,752,000	4,057,000
Net change in ROU assets and operating lease liabilities	(327,000)	(428,000)
Recognition of deferred gain on sale of restaurant building	(37,000)	(34,000)
Gain on asset disposals	(4,000)	0
Gain on lease termination	0	(642,000)
Impairment of long-lived assets	1,589,000	3,437,000
Stock based compensation expense	131,000	250,000
Provision for income taxes	(10,790,000)	(5,000)
Changes in operating assets and liabilities:
Receivables and prepaids	582,000	(293,000)
Inventories	(5,000)	(64,000)
Deposits and other assets	(111,000)	79,000
(Decrease) increase in:
Accounts payable	1,866,000	(654,000)
Deferred liabilities	19,000	0
Accrued and other liabilities	(372,000)	515,000
Net cash provided by operating activities	7,965,000	5,291,000
CASH FLOWS FROM INVESTING ACTIVITIES:
Payments for the purchase of property and equipment	(4,771,000)	(2,641,000)
Acquisition of restaurants from franchisees, net of cash acquired	(1,326,000)	(728,000)
Payments for the purchase of non-controlling interests	(4,394,000)	0
Proceeds from sale of fixed assets	48,000	0
Proceeds from lease termination	0	745,000
Net cash used in investing activities	(10,443,000)	(2,624,000)
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from notes payable, capital leases, and long-term debt	750,000	0
Payment for the purchase of treasury stock	(2,274,000)	(1,026,000)
Payment for restricted stock vesting settled in cash	(92,000)	0
Proceeds from stock option exercises	5,000	156,000
Contributions from non-controlling interests	13,000	33,000
Distributions to non-controlling interests	(648,000)	(1,780,000)
Net cash used in provided by financing activities	(2,246,000)	(2,617,000)
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	(4,724,000)	50,000
CASH AND CASH EQUIVALENTS, beginning of year	8,906,000	8,856,000
CASH AND CASH EQUIVALENTS, end of year	4,182,000	8,906,000
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION:
Cash paid for interest	31,000	20,000
Non-cash additions of property and equipment	$ 91,000	$ (214,000)

Note 1 - Organization and Summa

Note 1 - Organization and Summary of Significant Accounting Policies	12 Months Ended
	Sep. 26, 2023
Notes to Financial Statements
Organization, Consolidation and Presentation of Financial Statements Disclosure and Significant Accounting Policies [Text Block]	1. Organization and Summary of Significant Accounting Policies Organization BDCO was formed by Good Times Restaurants Inc. in 2013 May 7, 2015. September 26, 2023, forty one third Drive Thru commenced operations in 1986 September 26, 2023, nineteen six six four two 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 52/53 September. 52 13 53 first 14 2023 September 28, 2022 September 26, 2023. 2022 September 29, 2021 September 27, 2022. Principles of Consolidation one five January 2023. five January 2023 five Advertising Costs may not September 26, 2023 September 27, 2022, Accounting Estimates Cash and Cash Equivalents three not not Accounts Receivable thirty third September 26, 2023. no September 26, 2023 September 27, 2022. Inventories first first Property and Equipment three eight 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 September 26, 2023 September 27, 2022. Reacquired franchise rights September 26, 2023 September 27, 2022. Goodwill not 1 2 The following table presents goodwill associated with each reporting unit as of September 26, 2023 September 27, 2022 ( September 26, 2023 September 27, 2022 Good Times $ 96 $ 96 Bad Daddy’s 5,617 5,617 Total $ 5,713 $ 5,713 Impairment of Long-Lived Assets may not Given the results of our analyses throughout the fiscal year ended September 26, 2023, two not There were impairments of $3,437,000 in the fiscal year ended September 27, 2022. three two Leases 2016 02, 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 26, 2023 September 27, 2022. not Operating lease assets and liabilities are recognized at the lease commencement date for material leases with a term of greater than 12 not 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 12 four 6. Deferred Liabilities Revenue Recognition 2014 09, 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, September 26, 2023. Revenues we receive from our franchise and license agreements include sales-based royalties, and from our franchise agreements also may not 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 2020 2022 three not no No September 26, 2023. Net Income (Loss) Per Common Share The following table reconciles basic weighted-average shares outstanding to diluted weighted-average shares outstanding: September 26, September 27, Weighted-average shares outstanding basic 11,772,778 12,464,408 Effect of potentially dilutive securities: Stock options 9,724 - Restricted stock units 45,250 - Weighted-average shares outstanding diluted 11,827,752 12,464,408 Excluded from diluted weighted-average shares outstanding: Antidilutive 347,528 237,128 Financial Instruments and Concentrations of Credit Risk third Financial instruments potentially subjecting the Company to concentrations of credit risk consist principally of receivables. The Company has other current receivables totaling $769,000 as of September 26, 2023. 3 rd The Company purchases most of its restaurant food and paper through a single distribution company. The Company believes a sufficient number of other distributors exist from which food and paper could be purchased to prevent any long-term, adverse consequences. 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 8 Fair Value of Financial Instruments The following three may Level 1: Quoted market prices in active markets for identical assets and liabilities. Level 2: Observable inputs other than defined in Level 1, not Level 3: Unobservable inputs that are not Non-controlling Interests Our non-controlling interests currently consist of one six five five five five January 2023. Recent Accounting Pronouncements not not

Note 2 - Goodwill and Intangibl

Note 2 - Goodwill and Intangible Assets	12 Months Ended
	Sep. 26, 2023
Notes to Financial Statements
Goodwill and Intangible Assets Disclosure [Text Block]	2. Goodwill and Intangible Assets The following table presents goodwill and intangible assets as of September 26, 2023 September 27, 2022 ( September 26, 2023 September 27, 2022 Gross Accumulated Net Gross Accumulated Net Intangible assets subject to amortization: Non-compete agreements $ 50 $ (14 ) $ 36 $ 25 $ (5 ) $ 20 Reacquired franchise rights $ 15 $ - $ 15 $ - $ - $ - $ 65 $ (14 ) $ 51 $ 25 $ (5 ) $ 20 Indefinite-lived intangible assets: Trademarks $ 3,900 $ - $ 3,900 $ 3,900 $ - $ 3,900 Intangible assets, net $ 3,965 $ (14 ) $ 3,951 $ 3,925 $ (5 ) $ 3,920 Goodwill $ 5,713 $ - $ 5,713 $ 5,713 $ - $ 5,713 There were no impairments to intangible assets during the fiscal years ended September 26, 2023 September 27, 2022. September 26, 2023.

Note 3 - Notes Payable and Long

Note 3 - Notes Payable and Long-term Debt	12 Months Ended
	Sep. 26, 2023
Notes to Financial Statements
Debt Disclosure [Text Block]	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 ( may Proceeds from the Cadence Credit Facility, if and when drawn, may 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 exceeds $4.0 million, the Company is required to meet a new specified leverage ratio, on a pro forma basis, before making further borrowings as well as certain restricted payments, investments and growth capital expenditures. As of the date of filing of this report, the Company was in compliance with each of these covenants under the Cadence Credit Facility. As of September 26, 2023 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 26, 2023 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 As of September 26, 2023, September 26, 2028 September 26, 2023, Total interest expense on notes payable was $31,000 and $20,000 for fiscal 2023 2022,

Note 4 - Other Accrued Liabilit

Note 4 - Other Accrued Liabilities	12 Months Ended
	Sep. 26, 2023
Notes to Financial Statements
Accounts Payable and Accrued Liabilities Disclosure [Text Block]	4. Other Accrued Liabilities Other accrued liabilities consist of the following (in thousands): September 26, 2023 September 27, 2022 Wages and other employee benefits $ 2,893 $ 2,773 Taxes, other than income tax 1,275 1,166 Gift card liability, net of breakage 1,108 985 General expense accrual and other 1,175 1,867 Total $ 6,451 $ 6,791

Note 5 - Commitments and Contin

Note 5 - Commitments and Contingencies	12 Months Ended
	Sep. 26, 2023
Notes to Financial Statements
Commitments and Contingencies Disclosure [Text Block]	5. Commitments and Contingencies There may may may not The Company is 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 November 5, 2019. July 30, 2021, April 11, 2022, not May 5, 2022, May 25, 2022, October 24, 2022. January 25, 2023, The plaintiffs filed a notice of appeal of the Court’s January 25, 2023 May 18, 2023, June 23, 2023, August 7, 2023. August 28, 2023 may January 29, 2024. The Company previously recorded an accrual for contingent litigation expense in the fiscal quarter ended March 28, 2022

Note 6 - Leases

Note 6 - Leases	12 Months Ended
	Sep. 26, 2023
Notes to Financial Statements
Lessee, Operating Leases [Text Block]	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 16 one three five September 26, 2023, September 27, 2022. 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 26, 2023 September 27, 2022 Classification Fiscal 2023 Fiscal 2022 Operating lease cost Occupancy, Other restaurant operating costs, preopening costs and General and administrative expenses, net $ 7,302 $ 7,328 Variable lease cost Occupancy (23 ) 136 Sublease income Occupancy (546 ) (536 ) Total lease expense $ 6,733 $ 6,928 Components of lease assets and liabilities on the consolidated balance sheets as of September 26, 2023 September 27, 2022 Classification September 26, September 27, 2022 Right-of-use assets Operating lease assets $ 39,935 $ 42,463 Current lease liabilities Operating lease liability $ 5,787 $ 5,430 Non-current lease liabilities Operating lease liability, less current portion 42,332 45,544 Total lease liabilities $ 48,119 $ 50,974 Supplemental cash flow disclosures for the fiscal years ended September 26, 2023 September 27, 2022 ( Fiscal 2023 Fiscal 2022 Cash paid for operating lease liabilities $ 7,431 $ 7,235 Non-cash operating lease assets obtained in exchange for operating lease liabilities $ 443 $ 571 Weighted average lease term and discount rate are as follows: September 26, 2023 September 27, 2022 Weighted average remaining lease term (in years) 7.94 8.6 Weighted average discount rate 5.0 % 5.0 % Future minimum rent payments for our operating leases for each of the next five September 26, 2023 Fiscal year ending: Total 2024 8,025 2025 8,138 2026 7,722 2027 7,425 2028 6,664 Thereafter 20,801 Total minimum lease payments 58,775 Less: imputed interest (10,656 ) Present value of lease liabilities $ 48,119 The above future minimum rental amounts exclude the amortization of deferred lease incentives, renewal options that are not

Note 7 - Income Taxes

Note 7 - Income Taxes	12 Months Ended
	Sep. 26, 2023
Notes to Financial Statements
Income Tax Disclosure [Text Block]	7. Income Taxes Deferred tax assets (liabilities) are comprised of the following at the period end (in thousands): September 26, 2023 September 27, 2022 Deferred income tax assets (liabilities): Tax effect of net operating loss carry-forward $ 3,622 $ 3,942 General business credits 6,262 5,225 Deferred revenue 29 50 Intangibles basis differences 925 398 Long-term lease liability 10,613 11,113 Other future benefits 668 666 Deferred tax assets 22,119 21,394 Less valuation allowance - (10,535 ) Deferred tax assets, net of valuation allowance 22,119 10,859 Partnership/joint venture basis differences (64 ) (30 ) Property and Equipment basis differences (1,731 ) (1,424 ) ROU asset (8,741 ) (9,225 ) Other future expense - (180 ) Deferred tax liabilities (10,536 ) (10,859 ) Net deferred tax assets (liabilities) $ 11,583 $ - The Company has Federal net operating loss carry-forwards available for future periods, as discussed below, of approximately $11,840,000 from 2019, 2018, 2017 2019 2029 2038. 2011, 2013, 2017, 2017 2014 2023 2034 2042. September 26, 2023, September 26, 2023 September 27, 2022, September 26, 2023 not September 26, 2023, not September 26, 2023 The following table summarizes the components of the provision for income taxes (in thousands): Fiscal 2023 Fiscal 2022 Current: Federal $ - $ - State 4 (5 ) 4 (5 ) Deferred: Federal (9,925 ) - State (866 ) - (10,791 ) - Total income tax (benefit) expense $ (10,787 ) $ (5 ) Total income tax expense for the years ended September 26, 2023 September 27, 2022 Fiscal 2023 Fiscal 2022 Total expense (benefit) computed by applying statutory federal rate $ 182 $ (556 ) State income tax, net of federal tax benefit 344 (56 ) FICA/WOTC tax credits (989 ) (694 ) Effect of change in tax law - - Effect of change in valuation allowance (10,535 ) 1,164 Permanent differences 383 60 Other (172 ) 87 Provision for income taxes $ (10,787 ) $ (5 )

Note 8 - Shareholders' Equity

Note 8 - Shareholders' Equity	12 Months Ended
	Sep. 26, 2023
Notes to Financial Statements
Equity [Text Block]	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 Common Stock The Company has the authority to issue 50,000,000 shares of common stock with a par value of $.001. September 26, 2023 September 27, 2022 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 2008 “2008 2008 2008 2018 2018 “2018 2018 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 $132,000 and $250,000 in total stock option and restricted stock compensation expense during the fiscal years ended September 26, 2023 September 27, 2022, Stock Option Awards The Company measures the compensation cost associated with stock option awards by estimating the fair value of the award as of the grant date using the Black-Scholes pricing model. The Company believes that the valuation technique and the approach utilized to develop the underlying assumptions are appropriate in calculating the fair values of the Company’s stock options and stock awards granted during the fiscal years ended September 26, 2023 September 27, 2022. not During the fiscal year ended September 26, 2023 five During the fiscal year ended September 27, 2022, first one 2018 ten 1/3 three ten 60 March 2023. Also, during the fiscal year ended September 27, 2022 September 29, 2021. 60 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 2023 Expected term (years) 7.5 Expected volatility 60.0% - 60.2% Risk-free interest rate 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 year ended September 26, 2023 Shares Weighted Weighted Average Outstanding at beginning of year 470,161 $ 3.97 Options granted 45,000 $ 2.81 Options exercised (2,000 ) $ 2.31 Forfeited (75,633 ) $ 3.49 Expired - - Outstanding Sept 26, 2023 437,538 $ 3.95 4.57 Exercisable Sept 26, 2023 322,607 $ 3.65 4.16 As of September 26, 2023 September 27, 2022, As of September 26, 2023, There were 2,000 stock options exercised during the fiscal year ended September 26, 2023 There were 56,104 stock options exercised during the fiscal year ended September 27, 2022 Common Stock and Performance Share Grants During the fiscal year ended September 26, 2023, not During the fiscal year ended September 27, 2022, Restricted Stock Units There were 25,750 restricted stock units granted during the fiscal year ended September 26, 2023. September 27, 2022. A summary of the status of non-vested restricted stock units as of September 26, 2023 Shares Grant Date Fair Non-vested shares at beginning of year 73,336 $1.54 to $4.50 Granted 25,750 $2.29 Exercised (46,336 ) $1.54 Forfeited (7,500 ) $2.29 Non-vested shares at September 27, 2022 45,250 $2.29 to $4.50 As of September 26, 2023, 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 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 non-controlling interest income or expense in the accompanying consolidated statements of operations. All inter-company accounts and transactions are eliminated. The following table summarizes the activity in non-controlling interests during the year ended September 26, 2023 ( Bad Daddy’s Good Times Total Balance at September 27, 2022 $ 1,041 $ 262 $ 1,303 Income attributable to non-controlling interests $ 219 $ 367 $ 586 Purchase of non-controlling interests $ (831 ) - $ (831 ) Contributions from unrelated limited partners $ 13 - $ 13 Distributions to unrelated limited partners $ (442 ) $ (206 ) $ (648 ) Balance at September 26, 2023 $ - $ 423 $ 423 The Company repurchased the membership interests in five five January 2023. one one five

Note 9 - Retirement Plan

Note 9 - Retirement Plan	12 Months Ended
	Sep. 26, 2023
Notes to Financial Statements
Retirement Benefits [Text Block]	9. Retirement Plan The Company sponsors a qualified defined contribution 401 2015, first may, September 26, 2023 September 27, 2022

Note 10 - Segment Reporting

Note 10 - Segment Reporting	12 Months Ended
	Sep. 26, 2023
Notes to Financial Statements
Segment Reporting Disclosure [Text Block]	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 2023 2022 Revenues Bad Daddy’s $ 102,517 $ 103,502 Good Times 35,605 34,698 Total $ 138,122 $ 138,200 Income (loss) from operations Bad Daddy’s $ (1,342 ) $ (811 ) Good Times 2,305 (67 ) Total $ 963 $ (878 ) Capital Expenditures Bad Daddy’s $ 3,179 $ 1,909 Good Times 2,982 769 Total $ 6,161 $ 2,678 Property & Equipment, net Bad Daddy’s $ 18,053 $ 19,575 Good Times 4,983 2,676 Total $ 23,036 $ 22,251 Total Assets Bad Daddy’s $ 67,720 $ 68,557 Good Times 23,368 17,831 Total $ 91,088 $ 86,388

Note 11 - Subsequent Events

Note 11 - Subsequent Events	12 Months Ended
	Sep. 26, 2023
Notes to Financial Statements
Subsequent Events [Text Block]	11. Subsequent Events None.

Significant Accounting Policies

Significant Accounting Policies (Policies)	12 Months Ended
	Sep. 26, 2023
Accounting Policies [Abstract]
Organization [Policy Text Block]	Organization BDCO was formed by Good Times Restaurants Inc. in 2013 May 7, 2015. September 26, 2023, forty one third Drive Thru commenced operations in 1986 September 26, 2023, nineteen six six four two 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 Period, Policy [Policy Text Block]	Fiscal Year 52/53 September. 52 13 53 first 14 2023 September 28, 2022 September 26, 2023. 2022 September 29, 2021 September 27, 2022.
Consolidation, Policy [Policy Text Block]	Principles of Consolidation one five January 2023. five January 2023 five
Advertising Cost [Policy Text Block]	Advertising Costs may not September 26, 2023 September 27, 2022,
Use of Estimates, Policy [Policy Text Block]	Accounting Estimates
Cash and Cash Equivalents, Policy [Policy Text Block]	Cash and Cash Equivalents three not not
Accounts Receivable [Policy Text Block]	Accounts Receivable thirty third September 26, 2023. no September 26, 2023 September 27, 2022.
Inventory, Policy [Policy Text Block]	Inventories first first
Property, Plant and Equipment, Policy [Policy Text Block]	Property and Equipment three eight 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.
Goodwill and Intangible Assets, Intangible Assets, Indefinite-Lived, Policy [Policy Text Block]	Trademarks September 26, 2023 September 27, 2022.
Goodwill and Intangible Assets, Intangible Assets, Policy [Policy Text Block]	Reacquired franchise rights September 26, 2023 September 27, 2022.
Goodwill and Intangible Assets, Goodwill, Policy [Policy Text Block]	Goodwill not 1 2 The following table presents goodwill associated with each reporting unit as of September 26, 2023 September 27, 2022 ( September 26, 2023 September 27, 2022 Good Times $ 96 $ 96 Bad Daddy’s 5,617 5,617 Total $ 5,713 $ 5,713
Impairment or Disposal of Long-Lived Assets, Policy [Policy Text Block]	Impairment of Long-Lived Assets may not Given the results of our analyses throughout the fiscal year ended September 26, 2023, two not There were impairments of $3,437,000 in the fiscal year ended September 27, 2022. three two
Lessee, Leases [Policy Text Block]	Leases 2016 02, 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 26, 2023 September 27, 2022. not Operating lease assets and liabilities are recognized at the lease commencement date for material leases with a term of greater than 12 not 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 12 four 6.
Deferred Charges, Policy [Policy Text Block]	Deferred Liabilities
Revenue [Policy Text Block]	Revenue Recognition 2014 09, 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, September 26, 2023. Revenues we receive from our franchise and license agreements include sales-based royalties, and from our franchise agreements also may not
Opening Costs [Policy Text Block]	Preopening Costs
Income Tax, Policy [Policy Text Block]	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 2020 2022 three not no No September 26, 2023.
Earnings Per Share, Policy [Policy Text Block]	Net Income (Loss) Per Common Share The following table reconciles basic weighted-average shares outstanding to diluted weighted-average shares outstanding: September 26, September 27, Weighted-average shares outstanding basic 11,772,778 12,464,408 Effect of potentially dilutive securities: Stock options 9,724 - Restricted stock units 45,250 - Weighted-average shares outstanding diluted 11,827,752 12,464,408 Excluded from diluted weighted-average shares outstanding: Antidilutive 347,528 237,128
Concentration Risk, Credit Risk, Policy [Policy Text Block]	Financial Instruments and Concentrations of Credit Risk third Financial instruments potentially subjecting the Company to concentrations of credit risk consist principally of receivables. The Company has other current receivables totaling $769,000 as of September 26, 2023. 3 rd The Company purchases most of its restaurant food and paper through a single distribution company. The Company believes a sufficient number of other distributors exist from which food and paper could be purchased to prevent any long-term, adverse consequences. 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.
Share-Based Payment Arrangement [Policy Text Block]	Stock-Based Compensation 8
Fair Value Measurement, Policy [Policy Text Block]	Fair Value of Financial Instruments The following three may Level 1: Quoted market prices in active markets for identical assets and liabilities. Level 2: Observable inputs other than defined in Level 1, not Level 3: Unobservable inputs that are not
Consolidation, Subsidiaries or Other Investments, Consolidated Entities, Policy [Policy Text Block]	Non-controlling Interests Our non-controlling interests currently consist of one six five five five five January 2023.
New Accounting Pronouncements, Policy [Policy Text Block]	Recent Accounting Pronouncements not not

Note 1 - Organization and Sum_2

Note 1 - Organization and Summary of Significant Accounting Policies (Tables)	12 Months Ended
	Sep. 26, 2023
Notes Tables
Schedule of Goodwill [Table Text Block]	September 26, 2023 September 27, 2022 Good Times $ 96 $ 96 Bad Daddy’s 5,617 5,617 Total $ 5,713 $ 5,713
Schedule of Weighted Average Number of Shares [Table Text Block]	September 26, September 27, Weighted-average shares outstanding basic 11,772,778 12,464,408 Effect of potentially dilutive securities: Stock options 9,724 - Restricted stock units 45,250 - Weighted-average shares outstanding diluted 11,827,752 12,464,408 Excluded from diluted weighted-average shares outstanding: Antidilutive 347,528 237,128

Note 2 - Goodwill and Intangi_2

Note 2 - Goodwill and Intangible Assets (Tables)	12 Months Ended
	Sep. 26, 2023
Notes Tables
Schedule of Intangible Assets and Goodwill [Table Text Block]	September 26, 2023 September 27, 2022 Gross Accumulated Net Gross Accumulated Net Intangible assets subject to amortization: Non-compete agreements $ 50 $ (14 ) $ 36 $ 25 $ (5 ) $ 20 Reacquired franchise rights $ 15 $ - $ 15 $ - $ - $ - $ 65 $ (14 ) $ 51 $ 25 $ (5 ) $ 20 Indefinite-lived intangible assets: Trademarks $ 3,900 $ - $ 3,900 $ 3,900 $ - $ 3,900 Intangible assets, net $ 3,965 $ (14 ) $ 3,951 $ 3,925 $ (5 ) $ 3,920 Goodwill $ 5,713 $ - $ 5,713 $ 5,713 $ - $ 5,713

Note 4 - Other Accrued Liabil_2

Note 4 - Other Accrued Liabilities (Tables)	12 Months Ended
	Sep. 26, 2023
Notes Tables
Schedule of Accrued Liabilities [Table Text Block]	September 26, 2023 September 27, 2022 Wages and other employee benefits $ 2,893 $ 2,773 Taxes, other than income tax 1,275 1,166 Gift card liability, net of breakage 1,108 985 General expense accrual and other 1,175 1,867 Total $ 6,451 $ 6,791

Note 6 - Leases (Tables)

Note 6 - Leases (Tables)	12 Months Ended
	Sep. 26, 2023
Notes Tables
Lease, Cost [Table Text Block]	Classification Fiscal 2023 Fiscal 2022 Operating lease cost Occupancy, Other restaurant operating costs, preopening costs and General and administrative expenses, net $ 7,302 $ 7,328 Variable lease cost Occupancy (23 ) 136 Sublease income Occupancy (546 ) (536 ) Total lease expense $ 6,733 $ 6,928
Schedule of Components of Lease Assets and Liabilities [Table Text Block]	Classification September 26, September 27, 2022 Right-of-use assets Operating lease assets $ 39,935 $ 42,463 Current lease liabilities Operating lease liability $ 5,787 $ 5,430 Non-current lease liabilities Operating lease liability, less current portion 42,332 45,544 Total lease liabilities $ 48,119 $ 50,974
Schedule of Supplemental Cash Flow Information Related to Leases [Table Text Block]	Fiscal 2023 Fiscal 2022 Cash paid for operating lease liabilities $ 7,431 $ 7,235 Non-cash operating lease assets obtained in exchange for operating lease liabilities $ 443 $ 571
Schedule of Weighted Average Lease Term and Discount Rate [Table Text Block]	September 26, 2023 September 27, 2022 Weighted average remaining lease term (in years) 7.94 8.6 Weighted average discount rate 5.0 % 5.0 %
Lessee, Operating Lease, Liability, to be Paid, Maturity [Table Text Block]	Fiscal year ending: Total 2024 8,025 2025 8,138 2026 7,722 2027 7,425 2028 6,664 Thereafter 20,801 Total minimum lease payments 58,775 Less: imputed interest (10,656 ) Present value of lease liabilities $ 48,119

Note 7 - Income Taxes (Tables)

Note 7 - Income Taxes (Tables)	12 Months Ended
	Sep. 26, 2023
Notes Tables
Schedule of Deferred Tax Assets and Liabilities [Table Text Block]	September 26, 2023 September 27, 2022 Deferred income tax assets (liabilities): Tax effect of net operating loss carry-forward $ 3,622 $ 3,942 General business credits 6,262 5,225 Deferred revenue 29 50 Intangibles basis differences 925 398 Long-term lease liability 10,613 11,113 Other future benefits 668 666 Deferred tax assets 22,119 21,394 Less valuation allowance - (10,535 ) Deferred tax assets, net of valuation allowance 22,119 10,859 Partnership/joint venture basis differences (64 ) (30 ) Property and Equipment basis differences (1,731 ) (1,424 ) ROU asset (8,741 ) (9,225 ) Other future expense - (180 ) Deferred tax liabilities (10,536 ) (10,859 ) Net deferred tax assets (liabilities) $ 11,583 $ -
Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]	Fiscal 2023 Fiscal 2022 Current: Federal $ - $ - State 4 (5 ) 4 (5 ) Deferred: Federal (9,925 ) - State (866 ) - (10,791 ) - Total income tax (benefit) expense $ (10,787 ) $ (5 )
Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]	Fiscal 2023 Fiscal 2022 Total expense (benefit) computed by applying statutory federal rate $ 182 $ (556 ) State income tax, net of federal tax benefit 344 (56 ) FICA/WOTC tax credits (989 ) (694 ) Effect of change in tax law - - Effect of change in valuation allowance (10,535 ) 1,164 Permanent differences 383 60 Other (172 ) 87 Provision for income taxes $ (10,787 ) $ (5 )

Note 8 - Shareholders' Equity (

Note 8 - Shareholders' Equity (Tables)	12 Months Ended
	Sep. 26, 2023
Notes Tables
Schedule of Share-Based Payment Award, Stock Options, Valuation Assumptions [Table Text Block]	Incentive and Non-Statutory Stock Options Fiscal 2023 Expected term (years) 7.5 Expected volatility 60.0% - 60.2% Risk-free interest rate 3.33% - 4.21% Expected dividends -
Share-Based Payment Arrangement, Option, Activity [Table Text Block]	Shares Weighted Weighted Average Outstanding at beginning of year 470,161 $ 3.97 Options granted 45,000 $ 2.81 Options exercised (2,000 ) $ 2.31 Forfeited (75,633 ) $ 3.49 Expired - - Outstanding Sept 26, 2023 437,538 $ 3.95 4.57 Exercisable Sept 26, 2023 322,607 $ 3.65 4.16
Nonvested Restricted Stock Shares Activity [Table Text Block]	Shares Grant Date Fair Non-vested shares at beginning of year 73,336 $1.54 to $4.50 Granted 25,750 $2.29 Exercised (46,336 ) $1.54 Forfeited (7,500 ) $2.29 Non-vested shares at September 27, 2022 45,250 $2.29 to $4.50
Schedule of Activity in Noncontrolling Interests [Table Text Block]	Bad Daddy’s Good Times Total Balance at September 27, 2022 $ 1,041 $ 262 $ 1,303 Income attributable to non-controlling interests $ 219 $ 367 $ 586 Purchase of non-controlling interests $ (831 ) - $ (831 ) Contributions from unrelated limited partners $ 13 - $ 13 Distributions to unrelated limited partners $ (442 ) $ (206 ) $ (648 ) Balance at September 26, 2023 $ - $ 423 $ 423

Note 10 - Segment Reporting (Ta

Note 10 - Segment Reporting (Tables)	12 Months Ended
	Sep. 26, 2023
Notes Tables
Schedule of Segment Reporting Information, by Segment [Table Text Block]	Fiscal Year 2023 2022 Revenues Bad Daddy’s $ 102,517 $ 103,502 Good Times 35,605 34,698 Total $ 138,122 $ 138,200 Income (loss) from operations Bad Daddy’s $ (1,342 ) $ (811 ) Good Times 2,305 (67 ) Total $ 963 $ (878 ) Capital Expenditures Bad Daddy’s $ 3,179 $ 1,909 Good Times 2,982 769 Total $ 6,161 $ 2,678 Property & Equipment, net Bad Daddy’s $ 18,053 $ 19,575 Good Times 4,983 2,676 Total $ 23,036 $ 22,251 Total Assets Bad Daddy’s $ 67,720 $ 68,557 Good Times 23,368 17,831 Total $ 91,088 $ 86,388

Note 1 - Organization and Sum_3

Note 1 - Organization and Summary of Significant Accounting Policies (Details Textual)	1 Months Ended	12 Months Ended
	Jan. 31, 2023	Sep. 26, 2023 USD ($)	Sep. 27, 2022 USD ($)	Jan. 30, 2023
Marketing and Advertising Expense		$ 261,000	$ 273,000
Cash, FDIC Insured Amount		250,000
Accounts Receivable, Allowance for Credit Loss		272,000
Impairment of Intangible Assets, Indefinite-Lived (Excluding Goodwill)		0	0
Impairment of Intangible Assets, Finite-Lived		$ 0	0
Number of Reporting Units		2
Asset Impairment Charges		$ 1,589,000	3,437,000
Other Receivables, Net, Current		$ 769,000
Number of Operating Segments		2
Franchise Receivables [Member]
Other Receivables, Net, Current		$ 23,000
The 3rd Party Delivery Receivables [Member]
Other Receivables, Net, Current		269,000
Rebate Receivables [Member]
Other Receivables, Net, Current		185,000
Lease Incentive Receivables [Member]
Other Receivables, Net, Current		272,000
Other Miscellaneous Receivables [Member]
Other Receivables, Net, Current		$ 20,000
Three Good Times Restaurants [Member]
Asset Impairment Charges			790,000
Bad Daddy’s Restaurants [Member]
Asset Impairment Charges			$ 2,647,000
Minimum [Member]
Property, Plant and Equipment, Useful Life (Year)		3 years
Maximum [Member]
Property, Plant and Equipment, Useful Life (Year)		8 years
Five Limited Liability Companies [Member]
Limited Liability Company or Limited Partnership, Members or Limited Partners, Ownership Interest	50%
Five Bad Daddy's [Member]
Subsidiary, Ownership Percentage, Parent	100%			75%
Subsidiary, Ownership Percentage, Noncontrolling Owner				23%

Note 1 - Organization and Sum_4

Note 1 - Organization and Summary of Significant Accounting Policies - Summary of Goodwill (Details) - USD ($) $ in Thousands	Sep. 26, 2023	Sep. 27, 2022
Goodwill	$ 5,713	$ 5,713
Good Times Restaurants [Member]
Goodwill	96	96
Bad Daddy’s Restaurants [Member]
Goodwill	$ 5,617	$ 5,617

Note 1 - Organization and Sum_5

Note 1 - Organization and Summary of Significant Accounting Policies - Reconciliation of Basic to Diluted Weighted Average Shares Outstanding (Details) - shares	12 Months Ended
	Sep. 26, 2023	Sep. 27, 2022
Weighted-average shares outstanding basic (in shares)	11,772,778	12,464,408
Weighted-average shares outstanding diluted (in shares)	11,827,752	12,464,408
Antidilutive (in shares)	347,528	237,128
Share-Based Payment Arrangement, Option [Member]
Effect of potentially dilutive securities (in shares)	9,724	0
Restricted Stock Units (RSUs) [Member]
Effect of potentially dilutive securities (in shares)	45,250	0

Note 2 - Goodwill and Intangi_3

Note 2 - Goodwill and Intangible Assets (Details Textual) - USD ($)	12 Months Ended
	Sep. 26, 2023	Sep. 27, 2022
Impairment of Intangible Assets (Excluding Goodwill)	$ 0	$ 0
Amortization of Intangible Assets	$ 9,000

Note 2 - Goodwill and Intangi_4

Note 2 - Goodwill and Intangible Assets - Schedule of Goodwill and Intangible Assets (Details) - USD ($) $ in Thousands	Sep. 26, 2023	Sep. 27, 2022
Intangible assets subject to amortization, gross	$ 65	$ 25
iIntangible assets, accumulated amortization	(14)	(5)
Intangible assets subject to amortization, net	51	20
Intangible assets, gross	3,965	3,925
Intangible assets, net	3,951	3,920
Goodwill, gross	5,713	5,713
Goodwill, accumulated amortization	0	0
Goodwill	5,713	5,713
Trademarks [Member]
Indefinite-lived intangible assets	3,900	3,900
Noncompete Agreements [Member]
Intangible assets subject to amortization, gross	50	25
iIntangible assets, accumulated amortization	(14)	(5)
Intangible assets subject to amortization, net	36	20
Reacquired Franchise Rights [Member]
Intangible assets subject to amortization, gross	15	0
iIntangible assets, accumulated amortization	0	0
Intangible assets subject to amortization, net	$ 15	$ 0

Note 3 - Notes Payable and Lo_2

Note 3 - Notes Payable and Long-term Debt (Details Textual) - USD ($)	12 Months Ended
	Sep. 26, 2023	Sep. 27, 2022	Apr. 20, 2023
Interest Expense, Debt	$ 31,000	$ 20,000
Cadence Bank [Member] | Revolving Credit Facility [Member] | Prior Cadence Credit Facility [Member]
Line of Credit Facility, Maximum Borrowing Capacity	$ 8,000,000
Line of Credit Facility, Commitment Fee Percentage	0.25%
Cadence Bank [Member] | Revolving Credit Facility [Member] | Senior Credit Facility [Member]
Debt Instrument, Covenant, Minimum Outstanding Balance for New Specified Leverage Ratio			$ 4,000,000
Debt, Weighted Average Interest Rate	8.42%
Payments of Financing Costs	$ 299,000
Debt Instrument, Unamortized Discount (Premium) and Debt Issuance Costs, Net	122,000
Long-Term Line of Credit	750,000
Letters of Credit Outstanding, Amount	10,000
Line of Credit Facility, Remaining Borrowing Capacity	$ 7,240,000

Note 4 - Other Accrued Liabil_3

Note 4 - Other Accrued Liabilities - Schedule of Other Accrued Liabilities (Details) - USD ($) $ in Thousands	Sep. 26, 2023	Sep. 27, 2022
Wages and other employee benefits	$ 2,893	$ 2,773
Taxes, other than income tax	1,275	1,166
Gift card liability, net of breakage	1,108	985
General expense accrual and other	1,175	1,867
Total	$ 6,451	$ 6,791

Note 5 - Commitments and Cont_2

Note 5 - Commitments and Contingencies (Details Textual) - USD ($)	Jul. 30, 2021	Mar. 28, 2022
Loss Contingency, Damages Sought, Value	$ 18,000,000
Loss Contingency Accrual		$ 332,000

Note 6 - Leases (Details Textua

Note 6 - Leases (Details Textual) - USD ($)	12 Months Ended
	Sep. 26, 2023	Sep. 27, 2022
Operating Lease, Lease Income	$ 23,000
Payment on Contingent Rentals		$ 136,000
Minimum [Member]
Lessee, Operating Lease, Term of Contract (Year)	10 years
Lessee, Operating Lease, Renewal Term (Year)	10 years
Maximum [Member]
Lessee, Operating Lease, Term of Contract (Year)	20 years
Lessee, Operating Lease, Renewal Term (Year)	15 years
Lessee, Operating Lease, Remaining Lease Term (Year)	20 years

Note 6 - Leases - Components of

Note 6 - Leases - Components of Operating Lease Costs (Details) - USD ($) $ in Thousands	12 Months Ended
	Sep. 26, 2023	Sep. 27, 2022
Operating lease cost	$ 7,302	$ 7,328
Variable lease cost	(23)	136
Sublease income	(546)	(536)
Total lease expense	$ 6,733	$ 6,928

Note 6 - Leases - Supplemental

Note 6 - Leases - Supplemental Balance Sheet (Details) - USD ($) $ in Thousands	Sep. 26, 2023	Sep. 27, 2022
Right-of-use assets	$ 39,935	$ 42,463
Current lease liabilities	5,787	5,430
Non-current lease liabilities	42,332	45,544
Total lease liabilities	$ 48,119	$ 50,974

Note 6 - Leases - Supplementa_2

Note 6 - Leases - Supplemental Cash Flow Information (Details) - USD ($) $ in Thousands	12 Months Ended
	Sep. 26, 2023	Sep. 27, 2022
Cash paid for operating lease liabilities	$ 7,431	$ 7,235
Non-cash operating lease assets obtained in exchange for operating lease liabilities	$ 443	$ 571

Note 6 - Leases - Weighted Aver

Note 6 - Leases - Weighted Average Lease Term and Discount Rate (Details)	Sep. 26, 2023	Sep. 27, 2022
Weighted average remaining lease term (in years) (Year)	7 years 11 months 8 days	8 years 7 months 6 days
Weighted average discount rate	5%	5%

Note 6 - Leases - Future Minimu

Note 6 - Leases - Future Minimum Rent Payments (Details) - USD ($) $ in Thousands	Sep. 26, 2023	Sep. 27, 2022
2024	$ 8,025
2025	8,138
2026	7,722
2027	7,425
2028	6,664
Thereafter	20,801
Total minimum lease payments	58,775
Less: imputed interest	(10,656)
Present value of lease liabilities	$ 48,119	$ 50,974

Note 7 - Income Taxes (Details

Note 7 - Income Taxes (Details Textual) - USD ($)	12 Months Ended
	Sep. 26, 2023	Sep. 30, 2015	Sep. 27, 2022	Sep. 24, 2019	Sep. 25, 2018	Sep. 30, 2012	Sep. 25, 2011
Operating Loss Carryforwards				$ 11,840,000	$ 496,000		$ 1,397,000
Operating Loss Carryforwards, Utilization Limit						$ 727,000
Income Tax Credits and Adjustments		$ 6,262,000
Deferred Tax Assets, Valuation Allowance	$ 0		$ 10,535,000
Valuation Allowance, Deferred Tax Asset, Increase (Decrease), Amount	(10,535,000)
Deferred Taxes, Business Combination, Valuation Allowance, Allocated to Contributed Capital	$ 792,000

Note 7 - Income Taxes - Schedul

Note 7 - Income Taxes - Schedule of Deferred Tax Assets and Liabilities (Details) - USD ($)	Sep. 26, 2023	Sep. 27, 2022
Tax effect of net operating loss carry-forward	$ 3,622,000	$ 3,942,000
General business credits	6,262,000	5,225,000
Deferred revenue	29,000	50,000
Intangibles basis differences	925,000	398,000
Long-term lease liability	10,613,000	11,113,000
Other future benefits	668,000	666,000
Deferred tax assets	22,119,000	21,394,000
Less valuation allowance	0	(10,535,000)
Deferred tax assets, net of valuation allowance	22,119,000	10,859,000
Partnership/joint venture basis differences	(64,000)	(30,000)
Property and Equipment basis differences	(1,731,000)	(1,424,000)
ROU asset	(8,741,000)	(9,225,000)
Other future expense	0	(180,000)
Deferred tax liabilities	(10,536,000)	(10,859,000)
Net deferred tax assets (liabilities)	$ 11,583,000	$ 0

Note 7 - Income Taxes - Compone

Note 7 - Income Taxes - Components of Income Tax Expense (Details) - USD ($) $ in Thousands	12 Months Ended
	Sep. 26, 2023	Sep. 27, 2022
Federal	$ 0	$ 0
State	4	(5)
Current Income Tax Expense (Benefit)	4	(5)
Federal	(9,925)	0
State	(866)	0
Deferred Income Tax Expense (Benefit)	(10,791)	0
Provision for income taxes	$ (10,787)	$ (5)

Note 7 - Income Taxes - Reconci

Note 7 - Income Taxes - Reconciliation of Effective Income Tax Expenses (Details) - USD ($) $ in Thousands	12 Months Ended
	Sep. 26, 2023	Sep. 27, 2022
Total expense (benefit) computed by applying statutory federal rate	$ 182	$ (556)
State income tax, net of federal tax benefit	344	(56)
FICA/WOTC tax credits	(989)	(694)
Effect of change in tax law	0	0
Effect of change in valuation allowance	(10,535)	1,164
Permanent differences	383	60
Other	(172)	87
Provision for income taxes	$ (10,787)	$ (5)

Note 8 - Shareholders' Equity_2

Note 8 - Shareholders' Equity (Details Textual) - USD ($)		1 Months Ended	12 Months Ended
	Sep. 29, 2021	Jan. 31, 2023	Sep. 27, 2023	Sep. 26, 2023	Sep. 27, 2022
Preferred Stock, Shares Authorized (in shares)				5,000,000	5,000,000
Common Stock, Shares Authorized (in shares)				50,000,000	50,000,000
Common Stock, Par or Stated Value Per Share (in dollars per share)				$ 0.001	$ 0.001
Common Stock, Shares, Issued (in shares)				12,977,433	12,977,433
Common Stock, Shares, Outstanding (in shares)				11,446,587	12,274,351
Share-Based Payment Arrangement, Expense				$ 132,000	$ 250,000
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Grants in Period, Gross (in shares)				45,000
Share-Based Compensation Arrangements by Share-Based Payment Award, Options, Grants in Period, Weighted Average Exercise Price (in dollars per share)				$ 2.81
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Outstanding, Intrinsic Value				$ 25,401	$ 459,277
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Exercises in Period (in shares)				2,000	56,104
Proceeds from Stock Options Exercised				$ 5,000	$ 156,000
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Exercisable, Intrinsic Value				$ 459,277	$ 25,401
Five Limited Liability Companies [Member]
Limited Liability Company or Limited Partnership, Members or Limited Partners, Ownership Interest		50%
Incentive Stock Options [Member] | Chief Executive Officer [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Grants in Period, Gross (in shares)	80,000			20,000
Share-Based Compensation Arrangement by Share-Based Payment Award, Award Vesting Period (Year)				5 years
Share Price (in dollars per share)	$ 6
Initial Options [Member] | Senior Vice President of Finance [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Grants in Period, Gross (in shares)					25,000
Share-Based Compensation Arrangement by Share-Based Payment Award, Award Vesting Period (Year)					3 years
Share-Based Compensation Arrangement by Share-Based Payment Award, Expiration Period (Year)					10 years
Initial Options [Member] | Senior Vice President of Finance [Member] | Share-Based Payment Arrangement, Tranche One [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Award Vesting Rights, Percentage					0.33%
Initial Options [Member] | Senior Vice President of Finance [Member] | Share-Based Payment Arrangement, Tranche Two [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Award Vesting Rights, Percentage					0.33%
Initial Options [Member] | Senior Vice President of Finance [Member] | Share-Based Payment Arrangement, Tranche Three [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Award Vesting Rights, Percentage					0.33%
Additional Options [Member] | Senior Vice President of Finance [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Grants in Period, Gross (in shares)					25,000
Share-Based Compensation Arrangement by Share-Based Payment Award, Expiration Period (Year)					10 years
Share-Based Compensation Arrangements by Share-Based Payment Award, Options, Grants in Period, Weighted Average Exercise Price (in dollars per share)					$ 5
Share Price (in dollars per share)					$ 7.5
Share-Based Payment Arrangement, Option [Member]
Share-Based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Amount				$ 82,000
Share-Based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Period for Recognition (Year)				1 year 10 months 24 days
Performance Shares [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Grants in Period (in shares)				0
Restricted Stock [Member]
Share-Based Payment Arrangement, Expense					$ 40,000
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Grants in Period (in shares)					9,256
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Grants in Period, Weighted Average Grant Date Fair Value (in dollars per share)					$ 4.35
Restricted Stock Units (RSUs) [Member]
Share-Based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Amount				$ 83,000
Share-Based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Period for Recognition (Year)				1 year 8 months 12 days
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Grants in Period (in shares)			25,750	25,750	28,000
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Grants in Period, Weighted Average Grant Date Fair Value (in dollars per share)			$ 2.29

Note 8 - Shareholders' Equity -

Note 8 - Shareholders' Equity - Weighted Average Assumptions of Stock Options (Details)	12 Months Ended
	Sep. 26, 2023
Expected term (years) (Year)	7 years 6 months
Expected volatility, minimum	60%
Expected volatility, maximum	60.20%
Risk-free interest rate, minimum	3.33%
Risk-free interest rate, maximum	4.21%
Expected dividends	0%

Note 8 - Shareholders' Equity_3

Note 8 - Shareholders' Equity - Summary of Stock Option Activity (Details) - $ / shares	12 Months Ended
	Sep. 26, 2023	Sep. 27, 2022
Outstanding at beginning of year, Number (in shares)	470,161
Outstanding at beginning of year, Weighted Average Exercise Price (in dollars per share)	$ 3.97
Options granted, shares (in shares)	45,000
Options granted, Weighted Average Exercise Price (in dollars per share)	$ 2.81
Options exercised, Number (in shares)	(2,000)	(56,104)
Options exercised, weighted average exercise price (in dollars per share)	$ 2.31
Forfeited, Number (in shares)	(75,633)
Forfeited, Weighted Average Exercise Price (in dollars per share)	$ 3.49
Expired, Number (in shares)	0
Expired, Weighted Average Exercise Price (in dollars per share)	$ 0
Outstanding, Number (in shares)	437,538	470,161
Outstanding, Weighted Average Exercise Price (in dollars per share)	$ 3.95	$ 3.97
Outstanding, Weighted Average Remaining Contractual Term (Year)	4 years 6 months 25 days
Exercisable, Number (in shares)	322,607
Exercisable, Weighted Average Exercise Price (in dollars per share)	$ 3.65
Exercisable, Weighted Average Remaining Contractual Term (Year)	4 years 1 month 28 days

Note 8 - Shareholders' Equity_4

Note 8 - Shareholders' Equity - Non-vested Restricted Stock Units (Details) - Restricted Stock Units (RSUs) [Member] - $ / shares	12 Months Ended
	Sep. 27, 2023	Sep. 26, 2023	Sep. 27, 2022
Non-vested shares, Number of Shares (in shares)	73,336	73,336
Granted, Number of Shares (in shares)	25,750	25,750	28,000
Granted, Weighted Average Grant Date Fair Value (in dollars per share)	$ 2.29
Exercised, Number of Shares (in shares)	(46,336)
Exercised, Weighted Average Grant Date Fair Value (in dollars per share)	$ 1.54
Forfeited, Number of Shares (in shares)	(7,500)
Forfeited, Weighted Average Grant Date Fair Value (in dollars per share)	$ 2.29
Non-vested shares, Number of Shares (in shares)	45,250		73,336
Minimum [Member]
Non-vested shares at beginning of year, Weighted Average Grant Date Fair Value (in dollars per share)	$ 1.54	$ 1.54
Non-vested shares, Weighted Average Grant Date Fair Value (in dollars per share)	2.29		$ 1.54
Maximum [Member]
Non-vested shares at beginning of year, Weighted Average Grant Date Fair Value (in dollars per share)	4.5	$ 4.5
Non-vested shares, Weighted Average Grant Date Fair Value (in dollars per share)	$ 4.5		$ 4.5

Note 8 - Shareholders' Equity_5

Note 8 - Shareholders' Equity - Summary of Activity in Non-controlling Interests (Details) - USD ($) $ in Thousands	12 Months Ended
	Sep. 26, 2023	Sep. 27, 2022
Balance at September 27, 2022	$ 1,303
Income attributable to non-controlling interests	586	$ 1,714
Purchase of non-controlling interests	(3,601)
Contributions from unrelated limited partners	13	33
Distributions to unrelated limited partners	(648)	(1,568)
Balance at September 26, 2023	423	1,303
Noncontrolling Interest [Member]
Income attributable to non-controlling interests	586	1,714
Purchase of non-controlling interests	(831)
Contributions from unrelated limited partners	13	33
Distributions to unrelated limited partners	(648)	(1,568)
Bad Daddy’s Restaurants [Member]
Balance at September 27, 2022	1,041
Balance at September 26, 2023	0	1,041
Bad Daddy’s Restaurants [Member] | Noncontrolling Interest [Member]
Income attributable to non-controlling interests	219
Purchase of non-controlling interests	(831)
Contributions from unrelated limited partners	13
Distributions to unrelated limited partners	(442)
Good Times Restaurants [Member]
Balance at September 27, 2022	262
Balance at September 26, 2023	423	$ 262
Good Times Restaurants [Member] | Noncontrolling Interest [Member]
Income attributable to non-controlling interests	367
Purchase of non-controlling interests	0
Contributions from unrelated limited partners	0
Distributions to unrelated limited partners	$ (206)

Note 9 - Retirement Plan (Detai

Note 9 - Retirement Plan (Details Textual) - USD ($)	12 Months Ended
	Sep. 26, 2023	Sep. 27, 2022
Defined Contribution Plan, Employer Matching Contribution, Percent of Match	3%
Defined Contribution Plan, Maximum Annual Contributions Per Employee, Percent	50%
Defined Contribution Plan, Cost	$ 212,000	$ 207,000
Minimum [Member]
Defined Contribution Plan, Employer Matching Contribution, Percent of Match	3%
Maximum [Member]
Defined Contribution Plan, Employer Matching Contribution, Percent of Match	5%

Note 10 - Segment Reporting - I

Note 10 - Segment Reporting - Information About Reportable Segments (Details) - USD ($) $ in Thousands	12 Months Ended
	Sep. 26, 2023	Sep. 27, 2022
Revenues	$ 138,122	$ 138,200
Income (Loss) from operations	963	(878)
Capital expenditures	6,161	2,678
Property and equipment, net	23,036	22,251
Total Assets	91,088	86,388
Bad Daddy’s Restaurants [Member]
Revenues	102,517	103,502
Income (Loss) from operations	(1,342)	(811)
Capital expenditures	3,179	1,909
Property and equipment, net	18,053	19,575
Total Assets	67,720	68,557
Good Times Restaurants [Member]
Revenues	35,605	34,698
Income (Loss) from operations	2,305	(67)
Capital expenditures	2,982	769
Property and equipment, net	4,983	2,676
Total Assets	$ 23,368	$ 17,831