v3.26.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 5,930 $ 2,824
Inventories 2,111 1,212
Accounts receivable 2,026 10,422
Income tax receivable 834 742
Prepaid expenses and other current assets 5,901 7,546
Total current assets 16,802 22,746
Property and equipment, net 63,281 65,747
Goodwill 9,498 9,498
Operating lease assets, net 139,519 146,473
Deferred tax asset 13,449 13,009
Assets held for sale 2,955 0
Other assets 2,280 2,383
Total assets 247,784 259,856
Current liabilities    
Accounts payable 16,538 14,822
Accrued salaries and benefits 2,935 2,450
Accrued interest 76 77
Notes payable, current 2,761 2,812
Line of credit 12,050 1,000
Obligations under finance leases, current 9 8
Operating lease liabilities, current 6,305 6,707
Deferred Restaurant Revitalization Fund grant 3,806 3,806
Gift card liabilities 6,747 14,669
Other current liabilities 7,247 7,723
Total current liabilities 58,474 54,074
Notes payable, net of current portion 9,205 10,795
Tax receivable agreement liability 1,088 1,088
Obligations under finance leases, net of current 10 14
Operating lease liabilities, net of current portion 157,848 165,879
Lease liabilities held for sale 3,692 0
Total liabilities 230,317 231,850
Commitments and contingencies (Note 11)
Mezzanine equity    
EB-5 Members' equity; Redeemable units for 30% of Gen Restaurant Investment, LLC, redemption amount of $1,500 as of June 30, 2026 and December 31, 2025. 1,500 1,500
Permanent equity    
Additional paid-in capital 16,414 14,796
Accumulated other comprehensive income (147) 7
Retained Earnings (accumulated deficit) (4,031) (2,111)
Non-controlling interest 3,899 13,982
Treasury stock (201) (201)
Total permanent equity 15,967 26,506
Total liabilities, mezzanine equity, and permanent equity 247,784 259,856
Class A Common Stock    
Permanent equity    
Common stock 5 5
Class B Common Stock    
Permanent equity    
Common stock $ 28 $ 28