| Summary of Store Activity |
Store activity for the nine months ended October 3, 2022 and the year ended December 31, 2021 are as follows:
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October 3, 2022 |
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December 31, 2021 |
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Corporate-owned |
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Franchised |
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Total |
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Corporate-owned |
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Franchised |
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Total |
| Total BurgerFi and Anthony's |
86
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92
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178
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86
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93
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179
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| BurgerFi stores, beginning of the period |
25 |
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93 |
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118 |
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17 |
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102 |
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119 |
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| BurgerFi stores opened |
3 |
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6 |
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9 |
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10 |
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6 |
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16 |
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| BurgerFi stores transferred |
(3) |
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3 |
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— |
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(1) |
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1 |
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— |
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| BurgerFi stores closed |
— |
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(10) |
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(10) |
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(1) |
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(16) |
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(17) |
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| BurgerFi total stores, end of the period |
25
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92
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117
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25
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93
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118
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| Anthony's stores, beginning of period |
61 |
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— |
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61 |
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61 |
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— |
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61 |
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| Anthony's total stores, end of the period |
61
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—
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61
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61
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—
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61
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| Summary of Calculation of Basic and Diluted Income (Loss) Per Common Share |
Basic and diluted net (loss) income per common share is calculated as follows:
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| (in thousands, except for per share data) |
Three Months Ended |
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Nine Months Ended |
| Numerator: |
October 3, 2022 |
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September 30, 2021 |
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October 3, 2022 |
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September 30, 2021 |
| Net loss attributable to common stockholders |
$ |
(3,332) |
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$ |
(5,018) |
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$ |
(77,269) |
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$ |
(4,237) |
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| Reversal of gain on change in value of warrant liability |
— |
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— |
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— |
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(12,619) |
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| Net loss available to common stockholders - diluted |
$ |
(3,332) |
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$ |
(5,018) |
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$ |
(77,269) |
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$ |
(16,856) |
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| Denominator: |
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| Weighted-average shares outstanding, basic |
22,253,232 |
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17,892,769 |
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22,146,258 |
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17,866,168 |
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| Effect of dilutive securities: |
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| Restricted stock grants and warrants |
— |
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— |
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282,472 |
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| UPOs |
— |
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3,163 |
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— |
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5,794 |
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| Diluted weighted-average shares outstanding |
22,253,232
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17,895,932
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22,146,258
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18,154,434
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| Basic net loss per common share |
$ |
(0.15) |
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$ |
(0.28) |
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$ |
(3.49) |
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$ |
(0.24) |
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| Diluted net loss per common share |
$ |
(0.15) |
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$ |
(0.28) |
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$ |
(3.49) |
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$ |
(0.93) |
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