10-Q Filing

FAT BRANDS, INC CIK: 1705012 Q2 2021

Filing Information

Form Type	10-Q
Accession Number	`0001493152-21-018784`
Period End Date	20210630
Filing Date	20210806
Fiscal Year	2021
Fiscal Period	Q2
XBRL Instance	form10-q_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 110 Income Statement 109 Cash Flow Statement 107 Stockholders Equity 39

Balance Sheet 110 line items

Line Item	Tag	Value	Unit	Period
Cash	`Cash`	$3.94M	USD	Point-in-time
Cash	`Cash`	$48.12M	USD	Point-in-time
Restricted cash	`RestrictedCashCurrent`	$2.87M	USD	Point-in-time
Restricted cash	`RestrictedCashCurrent`	$4.10M	USD	Point-in-time
Accounts receivable, net of allowance for doubtful accounts of $816 and $739, as of June 27, 2021 and December 27, 2020, respectively	`AccountsReceivableNetCurrent`	$5.58M	USD	Point-in-time
Accounts receivable, net of allowance for doubtful accounts of $816 and $739, as of June 27, 2021 and December 27, 2020, respectively	`AccountsReceivableNetCurrent`	$4.21M	USD	Point-in-time
Accounts receivable, allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$739.00K	USD	Point-in-time
Trade and other notes receivable, net of allowance for doubtful accounts of $103 as of June 27, 2021 and December 27, 2020	`NotesAndLoansReceivableNetCurrent`	$208.00K	USD	Point-in-time
Accounts receivable, allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$816.00K	USD	Point-in-time
Trade and other notes receivable, net of allowance for doubtful accounts of $103 as of June 27, 2021 and December 27, 2020	`NotesAndLoansReceivableNetCurrent`	$217.00K	USD	Point-in-time
Notes receivable, allowance	`AllowanceForNotesAndLoansReceivableCurrent`	$103.00K	USD	Point-in-time
Notes receivable, allowance	`AllowanceForNotesAndLoansReceivableCurrent`	$103.00K	USD	Point-in-time
Assets classified as held for sale	`AssetsHeldForSaleNotPartOfDisposalGroupCurrent`	$7.74M	USD	Point-in-time
Assets classified as held for sale	`AssetsHeldForSaleNotPartOfDisposalGroupCurrent`	$10.83M	USD	Point-in-time
Notes receivable - noncurrent, allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableNoncurrent`	$271.00K	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$2.37M	USD	Point-in-time
Notes receivable - noncurrent, allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableNoncurrent`	$271.00K	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$2.49M	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Total current assets	`AssetsCurrent`	$24.42M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$68.24M	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Noncurrent restricted cash	`RestrictedCashNoncurrent`	$1.80M	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Noncurrent restricted cash	`RestrictedCashNoncurrent`	$400.00K	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	1.64M	shares	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	1.18M	shares	Point-in-time
Notes receivable noncurrent, net of allowance for doubtful accounts of $271, as of June 27, 2021 and December 27, 2020	`NotesReceivableNoncurrentNetOfAllowanceForDoubtfulAccounts`	$1.58M	USD	Point-in-time
Notes receivable noncurrent, net of allowance for doubtful accounts of $271, as of June 27, 2021 and December 27, 2020	`NotesReceivableNoncurrentNetOfAllowanceForDoubtfulAccounts`	$1.62M	USD	Point-in-time
Deferred income tax asset, net	`DeferredIncomeTaxAssetsNet`	$33.55M	USD	Point-in-time
Deferred income tax asset, net	`DeferredIncomeTaxAssetsNet`	$30.55M	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	1.18M	shares	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	1.64M	shares	Point-in-time
Preferred stock, liquidation preference	`PreferredStockLiquidationPreference`	$25.00	USD	Point-in-time
Preferred stock, liquidation preference	`PreferredStockLiquidationPreference`	$25.00	USD	Point-in-time
Operating lease right of use assets	`OperatingLeaseRightOfUseAsset`	$4.47M	USD	Point-in-time
Operating lease right of use assets	`OperatingLeaseRightOfUseAsset`	$4.91M	USD	Point-in-time
Goodwill	`Goodwill`	$10.91M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Goodwill	`Goodwill`	$9.71M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	25.00M	shares	Point-in-time
Other intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$47.71M	USD	Point-in-time
Other intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$46.95M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	25.00M	shares	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$2.42M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	11.93M	shares	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$1.06M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	12.49M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	11.93M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	12.49M	shares	Point-in-time
Total assets	`Assets`	$169.17M	USD	Point-in-time
Total assets	`Assets`	$121.14M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$8.41M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$8.62M	USD	Point-in-time
Accrued expenses and other liabilities	`AccruedLiabilitiesCurrent`	$19.83M	USD	Point-in-time
Accrued expenses and other liabilities	`AccruedLiabilitiesCurrent`	$21.23M	USD	Point-in-time
Deferred income, current portion	`ContractWithCustomerLiabilityCurrent`	$1.68M	USD	Point-in-time
Deferred income, current portion	`ContractWithCustomerLiabilityCurrent`	$1.89M	USD	Point-in-time
Accrued advertising	`AccruedAdvertisingCurrent`	$1.98M	USD	Point-in-time
Accrued advertising	`AccruedAdvertisingCurrent`	$2.16M	USD	Point-in-time
Accrued interest payable	`InterestPayableCurrent`	$1.47M	USD	Point-in-time
Accrued interest payable	`InterestPayableCurrent`	$1.85M	USD	Point-in-time
Dividend payable on preferred shares	`DividendPayableOnRedeemablePreferredShares`	$1.40M	USD	Point-in-time
Dividend payable on preferred shares	`DividendPayableOnRedeemablePreferredShares`	$893.00K	USD	Point-in-time
Liabilities related to assets classified as held for sale	`LiabilitiesOfDisposalGroupIncludingDiscontinuedOperation`	$9.89M	USD	Point-in-time
Liabilities related to assets classified as held for sale	`LiabilitiesOfDisposalGroupIncludingDiscontinuedOperation`	$7.13M	USD	Point-in-time
Current portion of operating lease liability	`OperatingLeaseLiabilityCurrent`	$748.00K	USD	Point-in-time
Current portion of operating lease liability	`OperatingLeaseLiabilityCurrent`	$929.00K	USD	Point-in-time
Current portion of preferred shares, net	`CurrentPortionOfPreferredSharesNet`	$7.96M	USD	Point-in-time
Current portion of preferred shares, net	`CurrentPortionOfPreferredSharesNet`	$7.98M	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	$19.31M	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	$913.00K	USD	Point-in-time
Other	`OtherLiabilitiesCurrent`	$17.00K	USD	Point-in-time
Other	`OtherLiabilitiesCurrent`	$18.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$73.18M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$53.15M	USD	Point-in-time
Deferred income noncurrent	`ContractWithCustomerLiabilityNoncurrent`	$9.69M	USD	Point-in-time
Deferred income noncurrent	`ContractWithCustomerLiabilityNoncurrent`	$9.10M	USD	Point-in-time
Acquisition purchase price payable	`AcquisitionPurchasePricePayable`	$776.00K	USD	Point-in-time
Acquisition purchase price payable	`AcquisitionPurchasePricePayable`	$2.81M	USD	Point-in-time
Operating lease liability, net of current portion	`OperatingLeaseLiabilityNoncurrent`	$4.51M	USD	Point-in-time
Operating lease liability, net of current portion	`OperatingLeaseLiabilityNoncurrent`	$4.01M	USD	Point-in-time
Long-term debt, net of current portion	`LongTermDebtNoncurrent`	$146.14M	USD	Point-in-time
Long-term debt, net of current portion	`LongTermDebtNoncurrent`	$73.85M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$82.00K	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$58.00K	USD	Point-in-time
Total liabilities	`Liabilities`	$163.03M	USD	Point-in-time
Total liabilities	`Liabilities`	$214.32M	USD	Point-in-time
Commitments and contingencies (Note 19)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (Note 19)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Preferred stock, $.0001 par value; 5,000,000 shares authorized; 1,643,272 and 1,183,272 shares issued and outstanding at June 27, 2021 and December 27, 2020, respectively; liquidation preference $25 per share	`PreferredStockValue`	$29.09M	USD	Point-in-time
Preferred stock, $.0001 par value; 5,000,000 shares authorized; 1,643,272 and 1,183,272 shares issued and outstanding at June 27, 2021 and December 27, 2020, respectively; liquidation preference $25 per share	`PreferredStockValue`	$21.79M	USD	Point-in-time
Common stock, $.0001 par value; 25,000,000 shares authorized; 12,491,528 and 11,926,264 shares issued and outstanding at June 27, 2021 and December 27, 2020, respectively (1)	`CommonStockValueDecreased`	$42.77M	USD	Point-in-time
Common stock, $.0001 par value; 25,000,000 shares authorized; 12,491,528 and 11,926,264 shares issued and outstanding at June 27, 2021 and December 27, 2020, respectively (1)	`CommonStockValueDecreased`	$45.09M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-29.25M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-20.90M	USD	Point-in-time
Stockholders deficit attributable to FAT Brands Inc.	`StockholdersEquity`	$-41.88M	USD	Point-in-time
Stockholders deficit attributable to FAT Brands Inc.	`StockholdersEquity`	$-45.25M	USD	Point-in-time
Noncontrolling interests	`MinorityInterest`	$93.00K	USD	Point-in-time
Noncontrolling interests	`MinorityInterest`	-	USD	Point-in-time
Total stockholders deficit	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$5.38M	USD	Point-in-time
Total stockholders deficit	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-45.58M	USD	Point-in-time
Total stockholders deficit	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-41.88M	USD	Point-in-time
Total stockholders deficit	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$3.01M	USD	Point-in-time
Total stockholders deficit	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-3.59M	USD	Point-in-time
Total stockholders deficit	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-45.16M	USD	Point-in-time
Total liabilities and stockholders deficit	`LiabilitiesAndStockholdersEquity`	$169.17M	USD	Point-in-time
Total liabilities and stockholders deficit	`LiabilitiesAndStockholdersEquity`	$121.14M	USD	Point-in-time

Income Statement 109 line items

Line Item	Tag	Value	Unit	Period
Royalties	`RoyaltiesRevenue`	$6.16M	USD	1 Quarter
Royalties	`RoyaltiesRevenue`	$5.52M	USD	2 Qtrs
Royalties	`RoyaltiesRevenue`	$11.06M	USD	2 Qtrs
Royalties	`RoyaltiesRevenue`	$2.21M	USD	1 Quarter
Franchise fees	`FranchiseFees`	$273.00K	USD	1 Quarter
Franchise fees	`FranchiseFees`	$449.00K	USD	2 Qtrs
Franchise fees	`FranchiseFees`	$482.00K	USD	1 Quarter
Franchise fees	`FranchiseFees`	$1.02M	USD	2 Qtrs
Advertising fees	`AdvertisingRevenues`	$2.56M	USD	2 Qtrs
Advertising fees	`AdvertisingRevenues`	$1.37M	USD	1 Quarter
Advertising fees	`AdvertisingRevenues`	$613.00K	USD	1 Quarter
Advertising fees	`AdvertisingRevenues`	$1.54M	USD	2 Qtrs
Restaurant sales	`RestaurantSalesRevenue`	-	USD	2 Qtrs
Restaurant sales	`RestaurantSalesRevenue`	$234.00K	USD	2 Qtrs
Restaurant sales	`RestaurantSalesRevenue`	$234.00K	USD	1 Quarter
Restaurant sales	`RestaurantSalesRevenue`	-	USD	1 Quarter
Management fees and other income	`ManagementFeesAndOtherIncome`	$15.00K	USD	2 Qtrs
Management fees and other income	`ManagementFeesAndOtherIncome`	$8.00K	USD	1 Quarter
Management fees and other income	`ManagementFeesAndOtherIncome`	$58.00K	USD	2 Qtrs
Management fees and other income	`ManagementFeesAndOtherIncome`	$35.00K	USD	1 Quarter
Total revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$14.93M	USD	2 Qtrs
Total revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$7.53M	USD	2 Qtrs
Total revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$8.28M	USD	1 Quarter
Total revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$3.11M	USD	1 Quarter
General and administrative expense	`GeneralAndAdministrativeExpense`	$5.48M	USD	1 Quarter
General and administrative expense	`GeneralAndAdministrativeExpense`	$4.10M	USD	1 Quarter
General and administrative expense	`GeneralAndAdministrativeExpense`	$7.64M	USD	2 Qtrs
General and administrative expense	`GeneralAndAdministrativeExpense`	$10.41M	USD	2 Qtrs
Restaurant operating expenses	`RestaurantOperatingExpenses`	$244.00K	USD	1 Quarter
Restaurant operating expenses	`RestaurantOperatingExpenses`	$244.00K	USD	2 Qtrs
Restaurant operating expenses	`RestaurantOperatingExpenses`	-	USD	2 Qtrs
Restaurant operating expenses	`RestaurantOperatingExpenses`	-	USD	1 Quarter
Impairment of assets	`AssetImpairmentCharges`	$3.17M	USD	1 Quarter
Impairment of assets	`AssetImpairmentCharges`	-	USD	2 Qtrs
Impairment of assets	`AssetImpairmentCharges`	-	USD	1 Quarter
Impairment of assets	`AssetImpairmentCharges`	$3.17M	USD	2 Qtrs
Refranchising (gain) loss	`RefranchisingGainLoss`	$429.00K	USD	2 Qtrs
Refranchising (gain) loss	`RefranchisingGainLoss`	$856.00K	USD	1 Quarter
Refranchising (gain) loss	`RefranchisingGainLoss`	$-1.54M	USD	2 Qtrs
Refranchising (gain) loss	`RefranchisingGainLoss`	$-1.01M	USD	1 Quarter
Advertising expense	`AdvertisingExpense`	$2.56M	USD	2 Qtrs
Advertising expense	`AdvertisingExpense`	$1.37M	USD	1 Quarter
Advertising expense	`AdvertisingExpense`	$1.54M	USD	2 Qtrs
Advertising expense	`AdvertisingExpense`	$613.00K	USD	1 Quarter
Total costs and expenses	`CostsAndExpenses`	$6.24M	USD	1 Quarter
Total costs and expenses	`CostsAndExpenses`	$8.90M	USD	1 Quarter
Total costs and expenses	`CostsAndExpenses`	$12.78M	USD	2 Qtrs
Total costs and expenses	`CostsAndExpenses`	$13.90M	USD	2 Qtrs
Income (loss) from operations	`OperatingIncomeLoss`	$-5.79M	USD	1 Quarter
Income (loss) from operations	`OperatingIncomeLoss`	$2.04M	USD	1 Quarter
Income (loss) from operations	`OperatingIncomeLoss`	$2.15M	USD	2 Qtrs
Income (loss) from operations	`OperatingIncomeLoss`	$-6.37M	USD	2 Qtrs
Interest expense, net of interest income of $836 and $1,554 due from affiliates during the thirteen and twenty-six weeks ended June 28, 2020, respectively. There was no interest income due from affiliates in 2021.	`InterestExpenseOther`	$1.91M	USD	2 Qtrs
Interest expense, net of interest income of $836 and $1,554 due from affiliates during the thirteen and twenty-six weeks ended June 28, 2020, respectively. There was no interest income due from affiliates in 2021.	`InterestExpenseOther`	$4.87M	USD	2 Qtrs
Interest expense, net of interest income of $836 and $1,554 due from affiliates during the thirteen and twenty-six weeks ended June 28, 2020, respectively. There was no interest income due from affiliates in 2021.	`InterestExpenseOther`	$2.41M	USD	1 Quarter
Interest expense, net of interest income of $836 and $1,554 due from affiliates during the thirteen and twenty-six weeks ended June 28, 2020, respectively. There was no interest income due from affiliates in 2021.	`InterestExpenseOther`	$289.00K	USD	1 Quarter
Interest expense related to preferred shares	`InterestExpenseRelatedToPreferredShares`	$264.00K	USD	1 Quarter
Interest expense related to preferred shares	`InterestExpenseRelatedToPreferredShares`	$928.00K	USD	2 Qtrs
Interest expense related to preferred shares	`InterestExpenseRelatedToPreferredShares`	$476.00K	USD	1 Quarter
Interest expense related to preferred shares	`InterestExpenseRelatedToPreferredShares`	$552.00K	USD	2 Qtrs
Net loss on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	-	USD	1 Quarter
Net loss on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	$-6.41M	USD	1 Quarter
Net loss on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	-	USD	2 Qtrs
Net loss on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	$-6.41M	USD	2 Qtrs
Change in fair value of derivative liability	`DerivativeGainLossOnDerivativeNet`	$1.26M	USD	2 Qtrs
Change in fair value of derivative liability	`DerivativeGainLossOnDerivativeNet`	$1.26M	USD	1 Quarter
Change in fair value of derivative liability	`DerivativeGainLossOnDerivativeNet`	-	USD	2 Qtrs
Change in fair value of derivative liability	`DerivativeGainLossOnDerivativeNet`	-	USD	1 Quarter
Change in fair value of derivative liability	`DerivativeGainLossOnDerivativeNet`	$1.30M	USD	Point-in-time
Other expense, net	`OtherNonoperatingIncomeExpense`	$-809.00K	USD	2 Qtrs
Other expense, net	`OtherNonoperatingIncomeExpense`	$-64.00K	USD	2 Qtrs
Other expense, net	`OtherNonoperatingIncomeExpense`	$-49.00K	USD	1 Quarter
Other expense, net	`OtherNonoperatingIncomeExpense`	$-892.00K	USD	1 Quarter
Total other (expense) income, net	`NonoperatingIncomeExpense`	$450.00K	USD	1 Quarter
Total other (expense) income, net	`NonoperatingIncomeExpense`	$-12.63M	USD	2 Qtrs
Total other (expense) income, net	`NonoperatingIncomeExpense`	$-9.97M	USD	1 Quarter
Total other (expense) income, net	`NonoperatingIncomeExpense`	$-1.64M	USD	2 Qtrs
Loss before income tax expense	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-10.48M	USD	2 Qtrs
Loss before income tax expense	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-5.34M	USD	1 Quarter
Loss before income tax expense	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-7.92M	USD	1 Quarter
Loss before income tax expense	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-8.01M	USD	2 Qtrs
Income tax benefit	`IncomeTaxExpenseBenefit`	$-1.09M	USD	1 Quarter
Income tax benefit	`IncomeTaxExpenseBenefit`	$-2.12M	USD	2 Qtrs
Income tax benefit	`IncomeTaxExpenseBenefit`	$-1.39M	USD	2 Qtrs
Income tax benefit	`IncomeTaxExpenseBenefit`	$-1.99M	USD	1 Quarter
Net loss	`ProfitLoss`	$-4.25M	USD	1 Quarter
Net loss	`ProfitLoss`	$-8.36M	USD	2 Qtrs
Net loss	`ProfitLoss`	$-6.62M	USD	2 Qtrs
Net loss	`ProfitLoss`	$-5.93M	USD	1 Quarter
Less: Net loss attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$-5.00K	USD	1 Quarter
Less: Net loss attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$-5.00K	USD	2 Qtrs
Less: Net loss attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	-	USD	2 Qtrs
Less: Net loss attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	-	USD	1 Quarter
Net loss attributable to FAT Brands Inc.	`NetIncomeLoss`	$-6.62M	USD	2 Qtrs
Net loss attributable to FAT Brands Inc.	`NetIncomeLoss`	$-5.93M	USD	1 Quarter
Net loss attributable to FAT Brands Inc.	`NetIncomeLoss`	$-4.25M	USD	1 Quarter
Net loss attributable to FAT Brands Inc.	`NetIncomeLoss`	$-8.36M	USD	2 Qtrs
Basic and diluted loss per common share	`EarningsPerShareBasicAndDiluted`	$-0.56	USD	2 Qtrs
Basic and diluted loss per common share	`EarningsPerShareBasicAndDiluted`	$-0.69	USD	2 Qtrs
Basic and diluted loss per common share	`EarningsPerShareBasicAndDiluted`	$-0.48	USD	1 Quarter
Basic and diluted loss per common share	`EarningsPerShareBasicAndDiluted`	$-0.36	USD	1 Quarter
Basic and diluted weighted average shares outstanding	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	12.28M	shares	1 Quarter
Basic and diluted weighted average shares outstanding	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	11.89M	shares	1 Quarter
Basic and diluted weighted average shares outstanding	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	11.88M	shares	2 Qtrs
Basic and diluted weighted average shares outstanding	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	12.12M	shares	2 Qtrs
Cash dividends declared per common share	`CommonStockDividendsPerShareDeclared`	-	USD	2 Qtrs
Cash dividends declared per common share	`CommonStockDividendsPerShareDeclared`	$0.26	USD	1 Quarter
Cash dividends declared per common share	`CommonStockDividendsPerShareDeclared`	-	USD	1 Quarter
Cash dividends declared per common share	`CommonStockDividendsPerShareDeclared`	$0.26	USD	2 Qtrs

Cash Flow Statement 107 line items

Line Item	Tag	Value	Unit	Period
Net loss	`ProfitLoss`	$-4.25M	USD	1 Quarter
Net loss	`ProfitLoss`	$-8.36M	USD	2 Qtrs
Net loss	`ProfitLoss`	$-6.62M	USD	2 Qtrs
Net loss	`ProfitLoss`	$-5.93M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxesAndTaxCredits`	$-3.00M	USD	2 Qtrs
Deferred income taxes	`DeferredIncomeTaxesAndTaxCredits`	$-1.52M	USD	2 Qtrs
Net loss on extinguishment of debt	`LossesOnExtinguishmentOfDebt`	$-4.86M	USD	2 Qtrs
Net loss on extinguishment of debt	`LossesOnExtinguishmentOfDebt`	-	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$784.00K	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$500.00K	USD	2 Qtrs
Share-based compensation	`ShareBasedCompensation`	$16.00K	USD	2 Qtrs
Share-based compensation	`ShareBasedCompensation`	$230.00K	USD	2 Qtrs
Change in operating right of use assets	`ChangeInOperatingRightOfUseAssets`	$1.06M	USD	2 Qtrs
Change in operating right of use assets	`ChangeInOperatingRightOfUseAssets`	$399.00K	USD	2 Qtrs
Accretion of loan fees and interest	`AccretionOfLoanFeesAndInterest1`	$412.00K	USD	2 Qtrs
Accretion of loan fees and interest	`AccretionOfLoanFeesAndInterest1`	$696.00K	USD	2 Qtrs
Accretion of preferred shares	`AccretionOfPreferredShares1`	$38.00K	USD	2 Qtrs
Accretion of preferred shares	`AccretionOfPreferredShares1`	$47.00K	USD	2 Qtrs
Accretion of purchase price liability	`AccretionOfPurchasePriceLiability`	$255.00K	USD	2 Qtrs
Accretion of purchase price liability	`AccretionOfPurchasePriceLiability`	$20.00K	USD	2 Qtrs
Gain on sale of refranchised assets	`GainLossOnSaleOfBusiness`	$1.12M	USD	2 Qtrs
Gain on sale of refranchised assets	`GainLossOnSaleOfBusiness`	$165.00K	USD	2 Qtrs
Change in fair value of derivative liability	`DerivativeGainLossOnDerivativeNet`	$1.26M	USD	2 Qtrs
Change in fair value of derivative liability	`DerivativeGainLossOnDerivativeNet`	$1.26M	USD	1 Quarter
Change in fair value of derivative liability	`DerivativeGainLossOnDerivativeNet`	-	USD	2 Qtrs
Change in fair value of derivative liability	`DerivativeGainLossOnDerivativeNet`	-	USD	1 Quarter
Change in fair value of derivative liability	`DerivativeGainLossOnDerivativeNet`	$1.30M	USD	Point-in-time
Impairment of assets	`AssetImpairmentCharges`	$3.17M	USD	1 Quarter
Impairment of assets	`AssetImpairmentCharges`	-	USD	2 Qtrs
Impairment of assets	`AssetImpairmentCharges`	-	USD	1 Quarter
Impairment of assets	`AssetImpairmentCharges`	$3.17M	USD	2 Qtrs
Provision for bad debts	`ProvisionForDoubtfulAccounts`	$1.07M	USD	2 Qtrs
Provision for bad debts	`ProvisionForDoubtfulAccounts`	$23.00K	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-856.00K	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$1.40M	USD	2 Qtrs
Accrued interest receivable from affiliate	`IncreaseDecreaseInAccruedInterestReceivableNet`	-	USD	2 Qtrs
Accrued interest receivable from affiliate	`IncreaseDecreaseInAccruedInterestReceivableNet`	$1.55M	USD	2 Qtrs
Tax Sharing Agreement liability	`IncreaseDecreaseInTaxSharingAgreementLiability`	-	USD	2 Qtrs
Tax Sharing Agreement liability	`IncreaseDecreaseInTaxSharingAgreementLiability`	$-154.00K	USD	2 Qtrs
Other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$783.00K	USD	2 Qtrs
Other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$102.00K	USD	2 Qtrs
Deferred income	`IncreaseDecreaseInContractWithCustomerLiability`	$388.00K	USD	2 Qtrs
Deferred income	`IncreaseDecreaseInContractWithCustomerLiability`	$33.00K	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$386.00K	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-395.00K	USD	2 Qtrs
Accrued expense	`IncreaseDecreaseInAccruedLiabilities`	$2.01M	USD	2 Qtrs
Accrued expense	`IncreaseDecreaseInAccruedLiabilities`	-	USD	2 Qtrs
Accrued advertising	`IncreaseDecreaseInAccruedAdvertising`	$-220.00K	USD	2 Qtrs
Accrued advertising	`IncreaseDecreaseInAccruedAdvertising`	$-180.00K	USD	2 Qtrs
Accrued interest payable	`IncreaseDecreaseInInterestPayableNet`	$-462.00K	USD	2 Qtrs
Accrued interest payable	`IncreaseDecreaseInInterestPayableNet`	$-374.00K	USD	2 Qtrs
Dividend payable on preferred shares	`IncreaseDecreaseDividendPayableOnPreferredShares`	$889.00K	USD	2 Qtrs
Dividend payable on preferred shares	`IncreaseDecreaseDividendPayableOnPreferredShares`	$533.00K	USD	2 Qtrs
Other	`IncreaseDecreaseInOtherCurrentLiabilities`	$21.00K	USD	2 Qtrs
Other	`IncreaseDecreaseInOtherCurrentLiabilities`	$45.00K	USD	2 Qtrs
Total adjustments	`AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities`	$3.43M	USD	2 Qtrs
Total adjustments	`AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities`	$2.63M	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-3.99M	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-4.93M	USD	2 Qtrs
Change in due from affiliates	`PaymentsToAcquireInterestInSubsidiariesAndAffiliates`	$7.04M	USD	2 Qtrs
Change in due from affiliates	`PaymentsToAcquireInterestInSubsidiariesAndAffiliates`	-	USD	2 Qtrs
Payments received on loans receivable	`ProceedsFromSaleOfLoansReceivable`	$68.00K	USD	2 Qtrs
Payments received on loans receivable	`ProceedsFromSaleOfLoansReceivable`	-	USD	2 Qtrs
Net proceeds from sale of refranchised restaurants	`ProceedsFromDivestitureOfBusinessesNetOfCashDivested`	$698.00K	USD	2 Qtrs
Net proceeds from sale of refranchised restaurants	`ProceedsFromDivestitureOfBusinessesNetOfCashDivested`	$1.44M	USD	2 Qtrs
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$1.26M	USD	2 Qtrs
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$52.00K	USD	2 Qtrs
Other	`PaymentsForProceedsFromOtherInvestingActivities`	$-37.00K	USD	2 Qtrs
Other	`PaymentsForProceedsFromOtherInvestingActivities`	-	USD	2 Qtrs
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$221.00K	USD	2 Qtrs
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-6.33M	USD	2 Qtrs
Proceeds from borrowings, net of issuance costs	`ProceedsFromDebtNetOfIssuanceCosts`	$140.79M	USD	2 Qtrs
Proceeds from borrowings, net of issuance costs	`ProceedsFromDebtNetOfIssuanceCosts`	$38.80M	USD	2 Qtrs
Repayments of borrowings	`RepaymentsOfShortTermDebt`	$92.61M	USD	2 Qtrs
Repayments of borrowings	`RepaymentsOfShortTermDebt`	$24.22M	USD	2 Qtrs
Issuance of preferred shares, net	`ProceedsFromIssuanceOfPreferredStockAndPreferenceStock`	-	USD	2 Qtrs
Issuance of preferred shares, net	`ProceedsFromIssuanceOfPreferredStockAndPreferenceStock`	$8.28M	USD	2 Qtrs
Change in operating lease liabilities	`RepaymentOfChangeInOperatingLeaseLiabilities`	$798.00K	USD	2 Qtrs
Change in operating lease liabilities	`RepaymentOfChangeInOperatingLeaseLiabilities`	$296.00K	USD	2 Qtrs
Payments made on acquisition purchase price liability	`PaymentsOfMergerRelatedCostsFinancingActivities`	$500.00K	USD	2 Qtrs
Payments made on acquisition purchase price liability	`PaymentsOfMergerRelatedCostsFinancingActivities`	$1.07M	USD	2 Qtrs
Exercise of warrants	`ProceedsFromWarrantExercises`	$1.38M	USD	2 Qtrs
Exercise of warrants	`ProceedsFromWarrantExercises`	-	USD	2 Qtrs
Dividends paid in cash on common shares	`PaymentsOfDividendsCommonStock`	$3.20M	USD	2 Qtrs
Dividends paid in cash on common shares	`PaymentsOfDividendsCommonStock`	-	USD	2 Qtrs
Dividends paid in cash on preferred shares	`PaymentsOfDividendsPreferredStockAndPreferenceStock`	-	USD	2 Qtrs
Dividends paid in cash on preferred shares	`PaymentsOfDividendsPreferredStockAndPreferenceStock`	$1.25M	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$51.52M	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$13.78M	USD	2 Qtrs
Net increase in cash and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$3.46M	USD	2 Qtrs
Net increase in cash and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$46.81M	USD	2 Qtrs
Cash and restricted cash at beginning of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$54.02M	USD	Point-in-time
Cash and restricted cash at beginning of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$3.49M	USD	Point-in-time
Cash and restricted cash at beginning of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$7.21M	USD	Point-in-time
Cash and restricted cash at beginning of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$25.00K	USD	Point-in-time
Cash and restricted cash at end of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$54.02M	USD	Point-in-time
Cash and restricted cash at end of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$3.49M	USD	Point-in-time
Cash and restricted cash at end of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$7.21M	USD	Point-in-time
Cash and restricted cash at end of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$25.00K	USD	Point-in-time
Cash paid for interest	`InterestPaidNet`	$4.62M	USD	2 Qtrs
Cash paid for interest	`InterestPaidNet`	$2.53M	USD	2 Qtrs
Cash paid for income taxes	`IncomeTaxesPaidNet`	$400.00K	USD	2 Qtrs
Cash paid for income taxes	`IncomeTaxesPaidNet`	$17.00K	USD	2 Qtrs
Director fees converted to common stock	`DirectorFeesConvertedToCommonStock`	-	USD	2 Qtrs
Director fees converted to common stock	`DirectorFeesConvertedToCommonStock`	$135.00K	USD	2 Qtrs
Income taxes receivable included in amounts due from affiliates	`IncomeTaxesReceivableIncludedInAmountsDueFromAffiliates`	-	USD	2 Qtrs
Income taxes receivable included in amounts due from affiliates	`IncomeTaxesReceivableIncludedInAmountsDueFromAffiliates`	$-154.00K	USD	2 Qtrs

Stockholders Equity 39 line items

Line Item	Tag	Value	Unit	Period
Beginning balance, value	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$5.38M	USD	Point-in-time
Beginning balance, value	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-45.58M	USD	Point-in-time
Beginning balance, value	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-41.88M	USD	Point-in-time
Beginning balance, value	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$3.01M	USD	Point-in-time
Beginning balance, value	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-3.59M	USD	Point-in-time
Beginning balance, value	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-45.16M	USD	Point-in-time
Net loss	`ProfitLoss`	$-4.25M	USD	1 Quarter
Net loss	`ProfitLoss`	$-8.36M	USD	2 Qtrs
Net loss	`ProfitLoss`	$-6.62M	USD	2 Qtrs
Net loss	`ProfitLoss`	$-5.93M	USD	1 Quarter
Issuance of common stock through exercise of warrants	`StockIssuedDuringPeriodValueExerciseOfWarrants`	$868.00K	USD	1 Quarter
Issuance of common stock through exercise of warrants	`StockIssuedDuringPeriodValueExerciseOfWarrants`	$1.38M	USD	2 Qtrs
Issuance of preferred stock	`StockIssuedDuringPeriodValueNewIssues`	$8.28M	USD	2 Qtrs
Issuance of preferred stock	`StockIssuedDuringPeriodValueNewIssues`	$8.28M	USD	1 Quarter
Share-based compensation	`StockIssuedDuringPeriodValueShareBasedCompensationGross`	$1.00K	USD	1 Quarter
Share-based compensation	`StockIssuedDuringPeriodValueShareBasedCompensationGross`	$16.00K	USD	2 Qtrs
Share-based compensation	`StockIssuedDuringPeriodValueShareBasedCompensationGross`	$230.00K	USD	2 Qtrs
Share-based compensation	`StockIssuedDuringPeriodValueShareBasedCompensationGross`	$193.00K	USD	1 Quarter
Measurement period adjustment in accordance with ASU 2015-16	`AdjustmentsToAdditionalPaidInCapitalOther`	$-1.45M	USD	2 Qtrs
Measurement period adjustment in accordance with ASU 2015-16	`AdjustmentsToAdditionalPaidInCapitalOther`	$-248.00K	USD	1 Quarter
Stock contracted for issue in payment of debt (2)	`AdjustmentToAdditionalPaidInCapitalStockContractedForIssueInPaymentOfDebt`	$816.00K	USD	1 Quarter
Stock contracted for issue in payment of debt (2)	`AdjustmentToAdditionalPaidInCapitalStockContractedForIssueInPaymentOfDebt`	$816.00K	USD	2 Qtrs
Sale of interest in operating restaurant	`SaleOfInterestInOperatingRestaurant`	$249.00K	USD	2 Qtrs
Sale of interest in operating restaurant	`SaleOfInterestInOperatingRestaurant`	$24.00K	USD	1 Quarter
Dividends declared on common stock	`DividendsCommonStockStock`	$3.20M	USD	2 Qtrs
Dividends declared on common stock	`DividendsCommonStockStock`	$3.20M	USD	1 Quarter
Dividends declared on Series B preferred stock	`DividendsPreferredStockStock`	$610.00K	USD	1 Quarter
Dividends declared on Series B preferred stock	`DividendsPreferredStockStock`	$1.22M	USD	2 Qtrs
Issuance of common stock in lieu of cash directors fees payable	`StockIssuedDuringPeriodValueOther`	$60.00K	USD	1 Quarter
Issuance of common stock in lieu of cash directors fees payable	`StockIssuedDuringPeriodValueOther`	$135.00K	USD	2 Qtrs
Fair value of derivative liability	`AdjustmentsToAdditionalPaidInCapitalMarkToMarket`	$-2.41M	USD	2 Qtrs
Fair value of derivative liability	`AdjustmentsToAdditionalPaidInCapitalMarkToMarket`	$-2.41M	USD	1 Quarter
Correction of recorded conversion rights associated with Series A-1 preferred shares	`CorrectionOfRecordedConversionRightsAssociatedWithSeriesA1PreferredShares`	$-90.00K	USD	2 Qtrs
Ending balance, value	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$5.38M	USD	Point-in-time
Ending balance, value	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-45.58M	USD	Point-in-time
Ending balance, value	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-41.88M	USD	Point-in-time
Ending balance, value	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$3.01M	USD	Point-in-time
Ending balance, value	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-3.59M	USD	Point-in-time
Ending balance, value	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-45.16M	USD	Point-in-time

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.