v3.24.2
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 12 Months Ended
Apr. 28, 2024
Apr. 30, 2023
Cash flows from operating activities    
Net loss $ (6,789) $ (7,525)
Adjustments to reconcile net loss to net cash used in operating activities    
Gain on modification of operating leases (3,281) 0
Depreciation expense 8,350 8,086
Non-cash operating lease expense 5,594 5,252
Paid-in-kind interest 3,430 0
Operating lease tenant allowances (42) 7,727
Stock based compensation 1,178 295
Gain on change in fair value of warrant liabilities and other (26,633) 0
Gain on extinguishment of debt 0 (8,355)
Amortization of debt issuance costs 1,951 246
Impairment loss 0 2,363
Accounts receivable 173 (431)
Inventories (147) (99)
Prepaid expenses and other current assets (1,034) (250)
Operating right-of-use asset (5,548) 0
Other long-term assets (3,586) 0
Accrued occupancy costs (5,556) (3,595)
Other accrued liabilities 80 (662)
Operating lease liabilities (6,162) (7,632)
Net cash used in operating activities (32,682) (12,040)
Cash flows from investing activities    
Purchase of property and equipment (22,128) (12,987)
Net cash used in investing activities (22,128) (12,987)
Cash flows from financing activities    
Proceeds from stock option exercises 0 66
Proceeds from warrant exercises 1 0
Proceeds from warrant issuances 24,592 3,758
Proceeds from issuance of redeemable convertible preferred stock, net 19,843 200
Payment of transaction costs related to reverse recapitalization and registration statements (23,864) 0
Principal payments on long-term notes payable (1,429) (6,144)
Proceeds from the Oaktree Tranche 2 Loan 1,012 0
Debt issuance costs (773) (2,304)
Redemption of long-term notes payable 0 (100)
Proceeds from long-term notes payable, net 40,163 29,080
Net cash provided by financing activities 59,545 24,556
Net change in cash, cash equivalents and restricted cash 4,735 (471)
Cash, cash equivalents and restricted cash - beginning of period 8,436 8,907
Cash, cash equivalents and restricted cash - end of period 13,171 8,436
Supplemental disclosures of cash flow information    
Cash paid for interest 10,508 1,428
Cash paid for income taxes 109 96
Supplemental disclosures of non-cash operating, investing and financing activities    
Forfeiture of accrued interest in connection with the conversion of long-term notes payable 890 0
Reclassification of liability-classified warrants 940 0
Transaction costs incurred in connection with the reverse recapitalization and registration statements but not yet paid 596 0
Transfer of warrants related to business combination 29,824 0
Increase in operating lease right-of-use assets 14,018 7,580
Non-cash finance obligation 2,805 0
Non-cash capital expenditures included in accounts payable 654 9,924
Change in the redemption amount of the redeemable convertible preferred stock 1,423 0
Accretion of cumulative dividends on Series I redeemable convertible preferred stock 878 0
Redeemable Convertible Preferred Stock    
Supplemental disclosures of non-cash operating, investing and financing activities    
Debt converted 0 1,050
Common Stock    
Supplemental disclosures of non-cash operating, investing and financing activities    
Debt converted 5,137 0
Preferred Stock (as converted to common stock)    
Supplemental disclosures of non-cash operating, investing and financing activities    
Conversion of stock 75,501 0
Legacy Pinstripes Common Stock    
Supplemental disclosures of non-cash operating, investing and financing activities    
Conversion of stock 180 0
Nonrelated Party    
Adjustments to reconcile net loss to net cash used in operating activities    
Accounts payable 4,056 (7,551)
Related Party    
Adjustments to reconcile net loss to net cash used in operating activities    
Accounts payable $ 1,284 $ 91