Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED BALANCE SHEETS

v3.22.4
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 55,121 $ 23,614
Accounts receivable 15,220 11,356
Inventory 5,728 3,915
Other current assets 2,091 3,666
Due from related parties 376 376
Total current assets 78,536 42,927
Property and equipment, net 94,087 69,638
Operating lease right-of-use assets 85,161 85,395
Deferred tax assets, net 12,323 12,313
Intangibles, net 15,290 15,505
Other assets 4,774 3,199
Security deposits 853 858
Total assets 291,024 229,835
Current liabilities:    
Accounts payable 13,055 11,094
Accrued expenses 22,409 23,155
Deferred gift card revenue and other 2,115 2,029
Current portion of operating lease liabilities 6,336 5,396
Current portion of long-term debt 1,500 500
Other current liabilities 256 90
Total current liabilities 45,671 42,264
Operating lease liabilities, net of current portion 105,247 103,616
Long-term debt, net of current portion 70,544 23,132
Other long-term liabilities 972 298
Total liabilities 222,434 169,310
Commitments and contingencies (Note 15)
Stockholders' equity:    
Common stock, $0.0001 par value, 75,000,000 shares authorized; 32,829,995 issued and 31,735,423 outstanding at December 31, 2022 and 32,138,396 shares issued and 32,125,762 outstanding at December 31, 2021 3 3
Preferred stock, $0.0001 par value, 10,000,000 shares authorized; no shares issued and outstanding at December 31, 2022 and December 31, 2021, respectively
Treasury stock, 1,094,572 and 12,634 shares at cost at December 31, 2022 and December 31, 2021, respectively (7,169) (37)
Additional paid-in capital 55,583 53,481
Retained earnings 24,166 10,632
Accumulated other comprehensive loss (2,869) (2,645)
Total stockholders' equity 69,714 61,434
Noncontrolling interests (1,124) (909)
Total equity 68,590 60,525
Total liabilities and equity $ 291,024 $ 229,835