Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Operations

v3.21.2
Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Business Acquisition [Line Items]        
TOTAL REVENUE $ 11,115 $ 8,873 $ 33,827 $ 24,280
Restaurant level operating expenses:        
Food, beverage and paper costs 2,671 1,966 7,786 5,554
Labor and related expenses 2,504 1,848 6,988 4,834
Other operating expenses 1,892 1,580 5,861 3,939
Occupancy and related expenses 719 862 2,280 2,108
General and administrative expenses 4,060 2,196 10,599 4,981
Pre-opening costs 615 18 1,243 124
Store closure costs 132   132  
Share-based compensation expense 3,668   6,785  
Depreciation and amortization expense 2,194 315 6,473 811
Brand development and co-op advertising expense 412 915 1,785 1,822
TOTAL OPERATING EXPENSES 18,867 9,700 49,932 24,173
OPERATING (LOSS) INCOME (7,752) (827) (16,105) 107
Other (loss) income (2)   2,240  
Gain on change in value of warrant liability 2,732   10,405  
Interest expense (5) (10) (46) (97)
(Loss) income before income taxes (5,027) (837) (3,506) 10
Income tax (expense) benefit 9   (731)  
Net (Loss) Income (5,018) (837) (4,237) 10
Net Income Attributable to Non-Controlling Interests (predecessor)   5   21
Net Loss Attributable to common shareholders (successor) and Controlling Interests (predecessor) $ (5,018) (842) $ (4,237) (11)
Weighted average common shares outstanding        
Basic 17,892,769   17,866,168  
Diluted 17,895,932   18,154,434  
Net Loss per common share        
Basic $ (0.28)   $ (0.24)  
Diluted $ (0.28)   $ (0.93)  
Restaurant Sales Revenues [Member]        
Business Acquisition [Line Items]        
TOTAL REVENUE $ 8,688 6,592 $ 26,067 18,232
Royalty And Other Revenues [Member]        
Business Acquisition [Line Items]        
TOTAL REVENUE 1,861 1,770 5,940 4,687
Royalty Brand Development And Coop Revenues [Member]        
Business Acquisition [Line Items]        
TOTAL REVENUE 471 403 1,527 1,054
Franchise Fees [Member]        
Business Acquisition [Line Items]        
TOTAL REVENUE $ 95 $ 108 $ 293 $ 307