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

Consolidated Statements of Operations

v3.21.2
Consolidated Statements of Operations - USD ($)
 1 Months Ended 3 Months Ended 9 Months Ended 11 Months Ended 12 Months Ended
Dec. 31, 2020
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Dec. 15, 2020
Dec. 31, 2019
Business Acquisition [Line Items]              
TOTAL REVENUE $ 1,704,000 $ 11,115,000 $ 8,873,000 $ 33,827,000 $ 24,280,000 $ 32,578,000 $ 33,555,000
Restaurant level operating expenses:              
Food, beverage and paper costs 370,000 2,671,000 1,966,000 7,786,000 5,554,000 6,567,000 6,316,000
Labor and related expenses 321,000 2,504,000 1,848,000 6,988,000 4,834,000 6,269,000 7,167,000
Other operating expenses 323,000 1,892,000 1,580,000 5,861,000 3,939,000 6,007,000 5,271,000
Occupancy and related expenses 33,000 719,000 862,000 2,280,000 2,108,000 2,707,000 2,149,000
General and administrative expenses 857,000 4,060,000 2,196,000 10,599,000 4,981,000 6,925,000 7,230,000
Pre-opening costs 24,000 615,000 18,000 1,243,000 124,000 189,000 425,000
Store closure costs   132,000   132,000      
Share-based compensation expense 818,000 3,668,000   6,785,000      
Depreciation and amortization expense 348,000 2,194,000 315,000 6,473,000 811,000 1,062,000 825,000
Brand development and co-op advertising expense 34,000 412,000 915,000 1,785,000 1,822,000 2,283,000 1,732,000
Gain on disposal of property and equipment       22,000   (2,000) (184,000)
TOTAL OPERATING EXPENSES 3,104,000 18,867,000 9,700,000 49,932,000 24,173,000 31,818,000 30,506,000
OPERATING (LOSS) INCOME (1,400,000) (7,752,000) (827,000) (16,105,000) 107,000 760,000 3,049,000
Gain on extinguishment of debt 791,000            
Other income   (2,000)   2,240,000      
Gain on change in value of warrant liability 5,597,000 2,732,000   10,405,000      
Interest expense (6,000) (5,000) (10,000) (46,000) (97,000) (125,000) (79,000)
(Loss) income before income taxes 4,982,000 (5,027,000) (837,000) (3,506,000) 10,000 635,000 2,970,000
Income benefit (expense) benefit 366,000 9,000   (731,000)      
Net income (loss) 5,348,000 (5,018,000) (837,000) (4,237,000) 10,000 635,000 2,970,000
Net Income Attributable to Non-Controlling Interests (predecessor)     5,000   21,000 20,000 35,000
Net Income Attributable to common shareholders (successor) and Controlling Interests (predecessor) $ 5,348,000 $ (5,018,000) (842,000) $ (4,237,000) (11,000) 615,000 2,935,000
Weighted average common shares outstanding              
Weighted average common shares outstanding, basic 17,541,838 17,892,769   17,866,168      
Diluted 21,426,115 17,895,932   18,154,434      
Net Income (Loss) per common share              
Basic $ 0.30 $ (0.28)   $ (0.24)      
Diluted $ (0.01) $ (0.28)   $ (0.93)      
Restaurant Sales Revenues [Member]              
Business Acquisition [Line Items]              
TOTAL REVENUE $ 1,350,000 $ 8,688,000 6,592,000 $ 26,067,000 18,232,000 23,966,000 23,183,000
Royalty And Other Revenues [Member]              
Business Acquisition [Line Items]              
TOTAL REVENUE 255,000 1,861,000 1,770,000 5,940,000 4,687,000 6,116,000 7,369,000
Terminated Franchise Revenues [Member]              
Business Acquisition [Line Items]              
TOTAL REVENUE           693,000 825,000
Royalty Brand Development And Coop Revenues [Member]              
Business Acquisition [Line Items]              
TOTAL REVENUE 74,000 471,000 403,000 1,527,000 1,054,000 1,441,000 1,720,000
Franchise Fees Revenues [Member]              
Business Acquisition [Line Items]              
TOTAL REVENUE $ 25,000 $ 95,000 $ 108,000 $ 293,000 $ 307,000 $ 362,000 $ 458,000