v3.26.1

Condensed Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands	Mar. 31, 2026	Sep. 30, 2025
CURRENT ASSETS
Cash and cash equivalents	$ 2,749	$ 2,605
Inventories	1,340	1,388
Receivables	724	795
Prepaid expenses and other	1,031	466
Total current assets	5,844	5,254
PROPERTY AND EQUIPMENT
Land and land improvements	1,113	1,113
Buildings	4,841	4,841
Leasehold improvements	37,434	38,194
Fixtures and equipment	28,805	29,781
Total property and equipment	72,193	73,929
Less accumulated depreciation and amortization	(51,877)	(52,061)
Total net property and equipment	20,316	21,868
OTHER ASSETS
Operating lease right-of-use assets, net	31,900	33,618
Deferred tax assets, net	13,003	13,031
Deposits and other assets	365	423
Trademarks	3,900	3,900
Goodwill	5,713	5,713
Total other assets	54,881	56,685
TOTAL ASSETS	81,041	83,807
CURRENT LIABILITIES:
Current maturities of long-term debt	33	32
Accounts payable	2,950	2,605
Operating lease liabilities, current	6,301	6,267
Other accrued liabilities	5,448	5,474
Total current liabilities	14,732	14,378
LONG-TERM LIABILITIES
Maturities of long-term debt, net of current portion	1,044	2,310
Operating lease liabilities, net of current portion	30,993	33,225
Deferred and other liabilities	77	83
Total long-term liabilities	32,114	35,618
SHAREHOLDERS’ EQUITY:
Preferred stock, $.01 par value; 5,000,000 shares authorized, no shares issued and outstanding as of March 31, 2026 and September 30, 2025
Common stock, $.001 par value; 50,000,000 shares authorized; 12,985,821 issued; 10,557,896 and 10,549,508 shares outstanding as of March 31, 2026 and September 30, 2025, respectively	13	13
Capital contributed in excess of par value	56,919	56,889
Treasury stock, at cost; 2,427,925 shares as of March 31, 2026 and September 30, 2025	(7,246)	(7,246)
Accumulated deficit	(16,268)	(16,598)
Total Good Times Restaurants Inc. shareholders' equity	33,418	33,058
Non-controlling interests	777	753
Total shareholders’ equity	34,195	33,811
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY	$ 81,041	$ 83,807

Carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).

Good Times Restaurants Inc. 10-Q