Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED BALANCE SHEETS

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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 38,178 $ 55,121
Accounts receivable 9,486 15,220
Inventory 5,765 5,728
Other current assets 2,344 2,091
Due from related parties 376 376
Total current assets 56,149 78,536
Property and equipment, net 111,509 94,087
Operating lease right-of-use assets 88,538 85,161
Deferred tax assets, net 12,311 12,323
Intangibles, net 15,312 15,290
Other assets 4,738 4,774
Security deposits 850 853
Total assets 289,407 291,024
Current liabilities:    
Accounts payable 11,767 13,055
Accrued expenses 18,277 22,409
Deferred gift card revenue and other 1,274 2,115
Current portion of operating lease liabilities 6,444 6,336
Current portion of long-term debt 1,000 1,500
Other current liabilities 253 256
Total current liabilities 39,015 45,671
Operating lease liabilities, net of current portion 110,251 105,247
Long-term debt, net of current portion 71,102 70,544
Other long-term liabilities 896 972
Total liabilities 221,264 222,434
Commitments and contingencies (Note 15)
Stockholders' equity:    
Common stock, $0.0001 par value, 75,000,000 shares authorized; 33,311,371 issued and 31,622,234 outstanding at June 30, 2023 and 32,829,995 issued and 31,735,423 outstanding at December 31, 2022 3 3
Preferred stock, $0.0001 par value, 10,000,000 shares authorized; no shares issued and outstanding at June 30, 2023 and December 31, 2022, respectively
Treasury stock, 1,691,649 and 1,094,572 shares at cost at June 30, 2023 and December 31, 2022, respectively (11,322) (7,169)
Additional paid-in capital 56,561 55,583
Retained earnings 27,340 24,166
Accumulated other comprehensive loss (2,887) (2,869)
Total stockholders' equity 69,695 69,714
Noncontrolling interests (1,552) (1,124)
Total equity 68,143 68,590
Total liabilities and equity $ 289,407 $ 291,024