Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Operations

v3.21.1
Condensed Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Business Acquisition [Line Items]    
TOTAL REVENUE $ 11,035 $ 8,337
Restaurant level operating expenses:    
Food, beverage and paper costs 2,432 1,844
Labor and related expenses 2,290 1,895
Other operating expenses 1,841 981
Occupancy and related expenses 792 569
General and administrative expenses 2,985 1,586
Share-based compensation expense 522  
Depreciation and amortization expense 2,108 244
Brand development and co-op advertising expense 722 470
TOTAL OPERATING EXPENSES 13,692 7,589
OPERATING (LOSS) INCOME (2,657) 748
Other income 114 59
Loss on change in value of warrant liability (4,946)  
Interest expense (8) (30)
(Loss) Income before income taxes (7,497) 777
Income tax expense (713)  
Net (Loss) Income (8,210) 777
Net Income Attributable to Non-Controlling Interests (predecessor)   5
Net (Loss) Income Attributable to common shareholders (successor) and Controlling Interests (predecessor) $ (8,210) 772
Weighted average common shares outstanding    
Basic and Diluted 17,814,336  
Net (loss) income per common share    
Basic and Diluted $ (0.46)  
Restaurant Sales Revenues [Member]    
Business Acquisition [Line Items]    
TOTAL REVENUE $ 8,506 6,123
Royalty And Other Revenues [Member]    
Business Acquisition [Line Items]    
TOTAL REVENUE 1,910 1,696
Royalty Brand Development And Coop Revenues [Member]    
Business Acquisition [Line Items]    
TOTAL REVENUE 511 417
Franchise Fees [Member]    
Business Acquisition [Line Items]    
TOTAL REVENUE $ 108 $ 101