General form of registration statement for all companies including face-amount certificate companies

Consolidated Statements of Operations

v3.21.1
Consolidated Statements of Operations - USD ($)
$ in Thousands
 1 Months Ended 11 Months Ended 12 Months Ended
Dec. 31, 2020
Dec. 15, 2020
Dec. 31, 2019
Business Acquisition [Line Items]      
Total Revenue $ 1,704 $ 32,578 $ 33,555
Restaurant level operating expenses:      
Food, beverage and paper costs 370 6,567 6,316
Labor and related expenses 321 6,269 7,167
Other operating expenses 323 6,007 5,271
Occupancy and related expenses 33 2,707 2,149
General and administrative expenses 857 6,925 7,230
Share-based compensation expense 818    
Depreciation and amortization expense 348 1,062 825
Brand development and co-op advertising expense 34 2,283 1,732
Gain on disposal of property and equipment   (2) (184)
TOTAL OPERATING EXPENSES 3,104 31,818 30,506
OPERATING (LOSS) INCOME (1,400) 760 3,049
Gain on extinguishment of debt 791    
Gain on change in value of warrant liability 5,597    
Interest expense (6) (125) (79)
Income before income taxes 4,982 635 2,970
Income tax benefit (366)    
Net Income 5,348 635 2,970
Net Income Attributable to Non-Controlling Interests (predecessor)   20 35
Net Income Attributable to common shareholders (successor) and Controlling Interests (predecessor) $ 5,348 615 2,935
Weighted average common shares outstanding      
Basic 17,541,838    
Diluted 21,426,115    
Net (loss) income per common share      
Basic $ 0.30    
Diluted $ (0.01)    
Restaurant Sales Revenues [Member]      
Business Acquisition [Line Items]      
Total Revenue $ 1,350 23,966 23,183
Royalty And Other Revenues [Member]      
Business Acquisition [Line Items]      
Total Revenue 255 6,116 7,369
Terminated Franchise Revenues [Member]      
Business Acquisition [Line Items]      
Total Revenue   693 825
Royalty Brand Development And Coop Revenues [Member]      
Business Acquisition [Line Items]      
Total Revenue 74 1,441 1,720
Initial Franchise Fees Revenues [Member]      
Business Acquisition [Line Items]      
Total Revenue $ 25 $ 362 $ 458