v3.25.2
CONSOLIDATED CONDENSED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 28, 2025
Sep. 28, 2024
CURRENT ASSETS:    
Cash and cash equivalents $ 12,325 $ 10,273
Accounts receivable 3,061 3,516
Employee receivables 149 255
Inventories 2,099 2,289
Prepaid and refundable income taxes 244 294
Prepaid expenses and other current assets 2,064 1,598
Total current assets 19,942 18,225
FIXED ASSETS - Net 28,390 31,569
OPERATING LEASE RIGHT-OF-USE ASSETS - Net 74,863 84,977
GOODWILL 0 3,440
TRADEMARKS 4,220 4,220
INTANGIBLE ASSETS - Net 35 98
DEFERRED INCOME TAXES 0 4,799
INVESTMENT IN AND RECEIVABLE FROM NEW MEADOWLANDS RACETRACK 6,732 6,550
OTHER ASSETS 2,158 2,163
TOTAL ASSETS 136,340 156,041
CURRENT LIABILITIES:    
Accounts payable - trade 4,393 4,547
Accrued expenses and other current liabilities 10,235 12,045
Current portion of operating lease liabilities 6,339 7,099
Current portion of notes payable 1,742 5,193
Total current liabilities 22,709 28,884
OPERATING LEASE LIABILITIES, LESS CURRENT PORTION 77,427 83,516
NOTES PAYABLE, LESS CURRENT PORTION, net of deferred financing costs 2,015 0
TOTAL LIABILITIES 102,151 112,400
COMMITMENTS AND CONTINGENCIES
EQUITY:    
Common stock, par value $0.01 per share - authorized, 10,000 shares; issued and outstanding, 3,606 shares and 3,604 shares at June 28, 2025 and September 28, 2024, respectively 36 36
Additional paid-in capital 14,015 13,934
Retained earnings 20,619 30,167
Total Ark Restaurants Corp. shareholders’ equity 34,670 44,137
NON-CONTROLLING INTERESTS (481) (496)
TOTAL EQUITY 34,189 43,641
TOTAL LIABILITIES AND EQUITY $ 136,340 $ 156,041