Post-effective amendment to a registration statement that is not immediately effective upon filing

Consolidated Balance Sheets

v3.21.2
Consolidated Balance Sheets - USD ($)
Sep. 30, 2021
Dec. 31, 2020
Dec. 31, 2019
CURRENT ASSETS      
Cash $ 28,295,000 $ 37,150,000  
Cash   36,720,000 $ 1,690,000
Cash - restricted   3,663,000 727,000
Cash Restricted   3,233,000  
Accounts receivable, net 551,000 718,000 517,000
Inventory 398,000 268,000 249,000
Deferred income taxes   713,000  
Assets held for sale 732,000 732,000  
Other current assets 1,507,000 1,607,000 416,000
TOTAL CURRENT ASSETS 31,483,000 44,421,000 3,599,000
PROPERTY & EQUIPMENT, net 15,122,000 8,004,000 6,301,000
DUE FROM RELATED COMPANIES 83,000 74,000 3,611,000
GOODWILL 123,560,000 119,542,000 398,000
INTANGIBLE ASSETS, net 111,437,000 116,824,000 235,000
OTHER ASSETS 246,000 251,000 238,000
TOTAL ASSETS 281,931,000 289,116,000 14,382,000
CURRENT LIABILITIES      
Accounts payable - trade and other 2,391,000 1,678,000 1,265,000
Accrued expenses 2,272,000 1,203,000 545,000
Gift card liability   430,000 586,000
Revolving line of credit   3,012,000 2,317,000
Other liabilities 4,128,000 430,000  
Other deposit 907,000 907,000  
Deferred revenue, current portion 587,000 490,000  
Notes 76,000 1,438,000 1,207,000
Deferred income taxes 18,000 0  
Current portion deferred initial franchise fees - Note 1   490,000 438,000
TOTAL CURRENT LIABILITIES 10,379,000 9,158,000 6,358,000
NON-CURRENT LIABILITIES      
Warrant liability 6,111,000 16,516,000  
Deferred revenue, net of current portion 2,745,000 2,816,000  
Notes Payable 601,000 1,522,000 0
Deferred rent 472,000 29,000 996,000
Deferred initial franchise fees, net of current portion - Note 1   2,816,000 4,250,000
Due to related companies - Note 6     271,000
Derivative warrant liability   16,516,000  
TOTAL LIABILITIES 20,308,000 30,041,000 11,875,000
COMMITMENTS AND CONTINGENCIES - Note 9
Stockholders'/Members' equity      
MEMBERS' EQUITY - Before non-controlling interest, including variable interest entities of $47 as of December 31, 2019     2,492,000
MEMBERS' EQUITY - Non-controlling interest     15,000
Common stock 2,000 2,000  
Additional paid-in capital 268,083,000 261,298,000  
Retained (Accumulated) deficit (6,462,000) (2,225,000)  
TOTAL STOCKHOLDERS' EQUITY 261,623,000 259,075,000 2,507,000
TOTAL LIABILITIES AND STOCKHOLDERS'/MEMBERS' EQUITY $ 281,931,000 289,116,000 14,382,000
Variable Interest Entity, Primary Beneficiary [Member]      
CURRENT ASSETS      
Cash   0 3,000
PROPERTY & EQUIPMENT, net   0 853,000
GOODWILL   $ 0 398,000
TOTAL ASSETS     1,254,000
CURRENT LIABILITIES      
Notes     1,207,000
NON-CURRENT LIABILITIES      
Notes Payable    
TOTAL LIABILITIES     1,207,000
Stockholders'/Members' equity      
MEMBERS' EQUITY - Before non-controlling interest, including variable interest entities of $47 as of December 31, 2019     47,000
TOTAL LIABILITIES AND STOCKHOLDERS'/MEMBERS' EQUITY     $ 1,254,000