Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED BALANCE SHEETS

v3.24.2.u1
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 32,247 $ 21,047
Credit card receivable 10,979 7,234
Restricted cash and cash equivalents 552  
Accounts receivable 9,287 10,030
Inventory 9,164 6,184
Other current assets 4,849 1,809
Due from related parties 376 376
Total current assets 67,454 46,680
Operating lease right-of-use assets 271,160 95,075
Property and equipment, net 260,385 139,908
Goodwill 145,162  
Intangibles, net 146,193 15,306
Deferred tax assets, net 45,236 14,757
Other assets 8,639 4,636
Security deposits 1,635 883
Total assets 945,864 317,245
Current liabilities:    
Accounts payable 26,723 19,089
Accrued expenses 52,474 28,333
Current portion of operating lease liabilities 16,523 6,897
Deferred gift card revenue and other 6,715 2,077
Current portion of long-term debt 3,500 1,500
Other current liabilities 559 266
Total current liabilities 106,494 58,162
Long-term debt, net of current portion, unamortized discount and debt issuance costs 330,861 70,410
Operating lease liabilities, net of current portion 294,171 120,481
Other long-term liabilities 5,116 832
Total liabilities 736,642 249,885
Commitments and contingencies (Note 17)
Mezzanine equity:    
Series A preferred stock, $0.0001 par value, 160,000 shares authorized; 160,000 issued and outstanding at June 30, 2024 and 0 issued and outstanding at December 31, 2023 143,481  
Stockholders' equity:    
Common stock, $0.0001 par value, 75,000,000 shares authorized; 33,765,978 issued and 31,297,200 outstanding at June 30, 2024 and 33,560,428 issued and 31,283,975 outstanding at December 31, 2023 3 3
Preferred stock, other than Series A preferred stock, $0.0001 par value, 9,840,000 shares authorized; no shares issued and outstanding at June 30, 2024 and December 31, 2023, respectively
Treasury stock, at cost, 2,468,778 shares at June 30, 2024 and 2,276,453 shares at December 31, 2023 (15,939) (15,051)
Additional paid-in capital 71,656 58,270
Retained earnings 15,348 28,884
Accumulated other comprehensive loss (2,987) (2,930)
Total stockholders' equity 68,081 69,176
Noncontrolling interests (2,340) (1,816)
Total stockholder's equity 65,741 67,360
Total liabilities, Series A preferred stock and stockholders' equity $ 945,864 $ 317,245