10-K Filing

FAT BRANDS, INC CIK: 1705012 FY 2021

Filing Information

Form Type	10-K
Accession Number	`0001628280-22-007042`
Period End Date	20211231
Filing Date	20220323
Fiscal Year	2021
Fiscal Period	FY
XBRL Instance	fat-20211226_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 113 Income Statement 51 Cash Flow Statement 116 Stockholders Equity 32

Balance Sheet 113 line items

Line Item	Tag	Value	Unit	Period
Cash	`Cash`	$56.66M	USD	Point-in-time
Cash	`Cash`	$3.94M	USD	Point-in-time
Restricted cash	`RestrictedCashCurrent`	$2.87M	USD	Point-in-time
Restricted cash	`RestrictedCashCurrent`	$24.74M	USD	Point-in-time
Accounts receivable, net of allowance for doubtful accounts of $4,016 and $739, as of December 26, 2021 and December 27, 2020, respectively	`AccountsReceivableNetCurrent`	$4.21M	USD	Point-in-time
Accounts receivable, net of allowance for doubtful accounts of $4,016 and $739, as of December 26, 2021 and December 27, 2020, respectively	`AccountsReceivableNetCurrent`	$19.55M	USD	Point-in-time
Trade and other notes receivable, net of allowance for doubtful accounts of $129 and $103 as of December 26, 2021 and December 27, 2020, respectively	`NotesAndLoansReceivableNetCurrent`	$231.00K	USD	Point-in-time
Trade and other notes receivable, net of allowance for doubtful accounts of $129 and $103 as of December 26, 2021 and December 27, 2020, respectively	`NotesAndLoansReceivableNetCurrent`	$208.00K	USD	Point-in-time
Assets classified as held for sale	`AssetsHeldForSaleNotPartOfDisposalGroupCurrent`	$10.83M	USD	Point-in-time
Accounts receivable, allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$4.02M	USD	Point-in-time
Assets classified as held for sale	`AssetsHeldForSaleNotPartOfDisposalGroupCurrent`	$5.48M	USD	Point-in-time
Accounts receivable, allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$739.00K	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$11.85M	USD	Point-in-time
Trade and other notes receivable, allowance for doubtful accounts, current	`AllowanceForNotesAndLoansReceivableCurrent`	$103.00K	USD	Point-in-time
Trade and other notes receivable, allowance for doubtful accounts, current	`AllowanceForNotesAndLoansReceivableCurrent`	$129.00K	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$2.37M	USD	Point-in-time
Notes receivable, allowance for doubtful accounts, noncurrent	`AllowanceForNotesAndLoansReceivableNoncurrent`	$271.00K	USD	Point-in-time
Notes receivable, allowance for doubtful accounts, noncurrent	`AllowanceForNotesAndLoansReceivableNoncurrent`	$271.00K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$24.42M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$118.51M	USD	Point-in-time
Noncurrent restricted cash	`RestrictedCashNoncurrent`	$18.52M	USD	Point-in-time
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Noncurrent restricted cash	`RestrictedCashNoncurrent`	$400.00K	USD	Point-in-time
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock, authorized (in shares)	`PreferredStockSharesAuthorized`	15.00M	shares	Point-in-time
Preferred stock, authorized (in shares)	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Notes receivable noncurrent, net of allowance for doubtful accounts of $271, as of December 26, 2021 and December 27, 2020	`NotesAndLoansReceivableNetNoncurrent`	$3.49M	USD	Point-in-time
Notes receivable noncurrent, net of allowance for doubtful accounts of $271, as of December 26, 2021 and December 27, 2020	`NotesAndLoansReceivableNetNoncurrent`	$1.62M	USD	Point-in-time
Preferred stock, issued (in shares)	`PreferredStockSharesIssued`	3.22M	shares	Point-in-time
Deferred income tax asset, net	`DeferredIncomeTaxAssetsNet`	$30.55M	USD	Point-in-time
Preferred stock, issued (in shares)	`PreferredStockSharesIssued`	1.18M	shares	Point-in-time
Deferred income tax asset, net	`DeferredIncomeTaxAssetsNet`	-	USD	Point-in-time
Preferred stock, outstanding (in shares)	`PreferredStockSharesOutstanding`	3.22M	shares	Point-in-time
Operating lease right of use assets	`OperatingLeaseRightOfUseAsset`	$98.55M	USD	Point-in-time
Preferred stock, outstanding (in shares)	`PreferredStockSharesOutstanding`	1.18M	shares	Point-in-time
Operating lease right of use assets	`OperatingLeaseRightOfUseAsset`	$4.47M	USD	Point-in-time
Goodwill	`Goodwill`	$295.13M	USD	Point-in-time
Preferred stock, liquidation preference (in dollars per share)	`PreferredStockLiquidationPreference`	$25.00	USD	Point-in-time
Preferred stock, liquidation preference (in dollars per share)	`PreferredStockLiquidationPreference`	$25.00	USD	Point-in-time
Goodwill	`Goodwill`	$10.91M	USD	Point-in-time
Other intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$29.73M	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Other intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$652.79M	USD	Point-in-time
Other intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$47.71M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$80.50M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$143.00K	USD	Point-in-time
Common stock, authorized (in shares)	`CommonStockSharesAuthorized`	25.00M	shares	Point-in-time
Common stock, authorized (in shares)	`CommonStockSharesAuthorized`	51.60M	shares	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$483.00K	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$576.00K	USD	Point-in-time
Common stock, issued (in shares)	`CommonStockSharesIssued`	11.93M	shares	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$2.53M	USD	Point-in-time
Common stock, issued (in shares)	`CommonStockSharesIssued`	16.38M	shares	Point-in-time
Total assets	`Assets`	$1.27B	USD	Point-in-time
Common stock, outstanding (in shares)	`CommonStockSharesOutstanding`	16.38M	shares	Point-in-time
Common stock, outstanding (in shares)	`CommonStockSharesOutstanding`	11.93M	shares	Point-in-time
Total assets	`Assets`	$121.14M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$8.62M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$27.53M	USD	Point-in-time
Accrued expenses and other liabilities	`AccruedLiabilitiesCurrent`	$46.30M	USD	Point-in-time
Accrued expenses and other liabilities	`AccruedLiabilitiesCurrent`	$19.83M	USD	Point-in-time
Deferred income, current portion	`ContractWithCustomerLiabilityCurrent`	$1.89M	USD	Point-in-time
Deferred income, current portion	`ContractWithCustomerLiabilityCurrent`	$2.64M	USD	Point-in-time
Accrued advertising	`AccruedAdvertisingCurrent`	$2.16M	USD	Point-in-time
Accrued advertising	`AccruedAdvertisingCurrent`	$10.85M	USD	Point-in-time
Accrued interest payable	`InterestPayableCurrent`	$10.68M	USD	Point-in-time
Accrued interest payable	`InterestPayableCurrent`	$1.85M	USD	Point-in-time
Dividend payable on preferred shares	`DividendPayableOnPreferredShares`	$1.57M	USD	Point-in-time
Dividend payable on preferred shares	`DividendPayableOnPreferredShares`	$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`	$4.78M	USD	Point-in-time
Current portion of operating lease liability	`OperatingLeaseLiabilityCurrent`	$14.34M	USD	Point-in-time
Current portion of operating lease liability	`OperatingLeaseLiabilityCurrent`	$748.00K	USD	Point-in-time
Current portion of redeemable preferred stock, net	`CurrentPortionOfPreferredSharesNet`	$7.96M	USD	Point-in-time
Current portion of redeemable preferred stock, net	`CurrentPortionOfPreferredSharesNet`	$67.50M	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	$19.31M	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	$631.00K	USD	Point-in-time
Current portion of acquisition purchase price payable	`AcquisitionPurchasePricePayableCurrent`	$1.17M	USD	Point-in-time
Current portion of acquisition purchase price payable	`AcquisitionPurchasePricePayableCurrent`	-	USD	Point-in-time
Other	`OtherLiabilitiesCurrent`	$10.50M	USD	Point-in-time
Other	`OtherLiabilitiesCurrent`	$17.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$198.49M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$73.18M	USD	Point-in-time
Deferred income noncurrent	`ContractWithCustomerLiabilityNoncurrent`	$9.10M	USD	Point-in-time
Deferred income noncurrent	`ContractWithCustomerLiabilityNoncurrent`	$17.66M	USD	Point-in-time
Acquisition purchase price payable	`AcquisitionPurchasePricePayableNoncurrent`	$2.81M	USD	Point-in-time
Acquisition purchase price payable	`AcquisitionPurchasePricePayableNoncurrent`	-	USD	Point-in-time
Deferred income tax liabilities, net	`DeferredIncomeTaxLiabilitiesNet`	-	USD	Point-in-time
Deferred income tax liabilities, net	`DeferredIncomeTaxLiabilitiesNet`	$12.92M	USD	Point-in-time
Operating lease liability, net of current portion	`OperatingLeaseLiabilityNoncurrent`	$92.92M	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`	$904.26M	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`	$976.00K	USD	Point-in-time
Total liabilities	`Liabilities`	$1.23B	USD	Point-in-time
Total liabilities	`Liabilities`	$163.03M	USD	Point-in-time
Commitments and contingencies (Note 19)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (Note 19)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Redeemable preferred stock	`TemporaryEquityCarryingAmountIncludingPortionAttributableToNoncontrollingInterests`	$64.45M	USD	Point-in-time
Redeemable preferred stock	`TemporaryEquityCarryingAmountIncludingPortionAttributableToNoncontrollingInterests`	-	USD	Point-in-time
Preferred stock, $0.0001 par value; 15,000,000 and 5,000,000 shares authorized; 3,221,471 and 1,183,272 shares issued and outstanding at December 26, 2021 and December 27, 2020, respectively; liquidation preference $25 per share	`PreferredStockIncludingAdditionalPaidInCapital`	$55.66M	USD	Point-in-time
Preferred stock, $0.0001 par value; 15,000,000 and 5,000,000 shares authorized; 3,221,471 and 1,183,272 shares issued and outstanding at December 26, 2021 and December 27, 2020, respectively; liquidation preference $25 per share	`PreferredStockIncludingAdditionalPaidInCapital`	$21.79M	USD	Point-in-time
Class A and Class B common stock and additional paid-in capital as of December 26, 2021: $0.0001 par value per share: 51,600,000 shares authorized (Class A 50,000,000, Class B 1,600,000); 16,380,552 shares issued and outstanding (Class A 15,109,747, Class B 1,270,805). Common stock and additional paid-in capital as of December 27, 2020: $0.0001 par value; 25,000,000 shares authorized; 11,926,264 shares issued and outstanding.	`CommonStocksIncludingAdditionalPaidInCapital`	$-42.77M	USD	Point-in-time
Class A and Class B common stock and additional paid-in capital as of December 26, 2021: $0.0001 par value per share: 51,600,000 shares authorized (Class A 50,000,000, Class B 1,600,000); 16,380,552 shares issued and outstanding (Class A 15,109,747, Class B 1,270,805). Common stock and additional paid-in capital as of December 27, 2020: $0.0001 par value; 25,000,000 shares authorized; 11,926,264 shares issued and outstanding.	`CommonStocksIncludingAdditionalPaidInCapital`	$-24.84M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-52.48M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-20.90M	USD	Point-in-time
Total stockholders deficit	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-41.88M	USD	Point-in-time
Total stockholders deficit	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-21.66M	USD	Point-in-time
Total stockholders deficit	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$5.38M	USD	Point-in-time
Total liabilities and stockholders deficit	`LiabilitiesAndStockholdersEquity`	$121.14M	USD	Point-in-time
Total liabilities and stockholders deficit	`LiabilitiesAndStockholdersEquity`	$1.27B	USD	Point-in-time

Income Statement 51 line items

Line Item	Tag	Value	Unit	Period
Interest income, due from affiliates	`InterestIncomeRelatedParty`	-	USD	Annual
Interest income, due from affiliates	`InterestIncomeRelatedParty`	$3.63M	USD	Annual
Total revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$118.88M	USD	Annual
Total revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$18.12M	USD	Annual
General and administrative expense	`GeneralAndAdministrativeExpense`	$14.88M	USD	Annual
General and administrative expense	`GeneralAndAdministrativeExpense`	$50.25M	USD	Annual
Cost of restaurant and factory revenues	`RestaurantOperatingExpense`	$44.24M	USD	Annual
Cost of restaurant and factory revenues	`RestaurantOperatingExpense`	-	USD	Annual
Impairment of goodwill and other intangible assets	`AssetImpairmentCharges`	$1.04M	USD	Annual
Impairment of goodwill and other intangible assets	`AssetImpairmentCharges`	$9.29M	USD	Annual
Refranchising (gain) loss	`RefranchisingGainLoss`	$-314.00K	USD	Annual
Refranchising (gain) loss	`RefranchisingGainLoss`	$-3.83M	USD	Annual
Acquisition costs	`BusinessCombinationAcquisitionRelatedCosts`	$1.17M	USD	Annual
Acquisition costs	`BusinessCombinationAcquisitionRelatedCosts`	$4.24M	USD	Annual
Advertising fees	`AdvertisingExpense`	$5.22M	USD	Annual
Advertising fees	`AdvertisingExpense`	$17.97M	USD	Annual
Total costs and expenses	`CostsAndExpenses`	$118.06M	USD	Annual
Total costs and expenses	`CostsAndExpenses`	$34.38M	USD	Annual
Income (loss) from operations	`OperatingIncomeLoss`	$824.00K	USD	Annual
Income (loss) from operations	`OperatingIncomeLoss`	$-16.27M	USD	Annual
Interest expense, net of interest income of $0 and $3,631 due from affiliates during the fiscal year ended December 26, 2021 and December 27, 2020, respectively	`InterestExpenseOther`	$26.86M	USD	Annual
Interest expense, net of interest income of $0 and $3,631 due from affiliates during the fiscal year ended December 26, 2021 and December 27, 2020, respectively	`InterestExpenseOther`	$3.38M	USD	Annual
Interest expense related to preferred shares	`InterestExpenseRelatedToPreferredShares`	$2.19M	USD	Annual
Interest expense related to preferred shares	`InterestExpenseRelatedToPreferredShares`	$1.54M	USD	Annual
Loss on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	$-1.20M	USD	Point-in-time
Loss on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	$-7.64M	USD	Annual
Loss on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	$-88.00K	USD	Annual
Change in fair value of derivative liability	`DerivativeGainLossOnDerivativeNet`	$887.00K	USD	Annual
Change in fair value of derivative liability	`DerivativeGainLossOnDerivativeNet`	-	USD	Annual
Gain on contingent consideration payable adjustment	`BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1`	$-1.68M	USD	Annual
Gain on contingent consideration payable adjustment	`BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1`	-	USD	Annual
Other income, net	`OtherNonoperatingIncomeExpense`	$157.00K	USD	Annual
Other income, net	`OtherNonoperatingIncomeExpense`	$750.00K	USD	Annual
Total other expense, net	`NonoperatingIncomeExpense`	$-2.28M	USD	Annual
Total other expense, net	`NonoperatingIncomeExpense`	$-35.94M	USD	Annual
Loss before income tax benefit	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-18.55M	USD	Annual
Loss before income tax benefit	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-35.12M	USD	Annual
Income tax benefit	`IncomeTaxExpenseBenefit`	$-3.69M	USD	Annual
Income tax benefit	`IncomeTaxExpenseBenefit`	$-3.54M	USD	Annual
Net loss	`NetIncomeLoss`	$-31.58M	USD	Annual
Net loss	`NetIncomeLoss`	$-14.86M	USD	Annual
Basic loss per common share (in dollars per share)	`EarningsPerShareBasic`	$-1.25	USD	Annual
Basic loss per common share (in dollars per share)	`EarningsPerShareBasic`	$-2.15	USD	Annual
Diluted loss per common share (in dollars per share)	`EarningsPerShareDiluted`	$-2.15	USD	Annual
Diluted loss per common share (in dollars per share)	`EarningsPerShareDiluted`	$-1.25	USD	Annual
Basic weighted average shares outstanding (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	11.90M	shares	Annual
Basic weighted average shares outstanding (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	14.66M	shares	Annual
Diluted weighted average shares outstanding (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	14.66M	shares	Annual
Diluted weighted average shares outstanding (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	11.90M	shares	Annual
Cash dividends declared per common share (in dollars per share)	`CommonStockDividendsPerShareDeclared`	-	USD	Annual
Cash dividends declared per common share (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.52	USD	Annual

Cash Flow Statement 116 line items

Line Item	Tag	Value	Unit	Period
Net loss	`ProfitLoss`	$-14.86M	USD	Annual
Net loss	`ProfitLoss`	$-31.58M	USD	Annual
Deferred income taxes	`DeferredIncomeTaxesAndTaxCredits`	$-4.08M	USD	Annual
Deferred income taxes	`DeferredIncomeTaxesAndTaxCredits`	$-5.34M	USD	Annual
Net loss on extinguishment of debt	`NoncashGainLossOnExtinguishmentOfDebt`	$-6.09M	USD	Annual
Net loss on extinguishment of debt	`NoncashGainLossOnExtinguishmentOfDebt`	$-88.00K	USD	Annual
Depreciation and amortization	`DepreciationAndAmortization`	$1.17M	USD	Annual
Depreciation and amortization	`DepreciationAndAmortization`	$8.57M	USD	Annual
Share-based compensation	`ShareBasedCompensation`	$99.00K	USD	Annual
Share-based compensation	`ShareBasedCompensation`	$1.64M	USD	Annual
Change in operating right of use assets	`ChangeInOperatingRightOfUseAssets`	$1.25M	USD	Annual
Change in operating right of use assets	`ChangeInOperatingRightOfUseAssets`	$3.85M	USD	Annual
Accretion of loan fees and interest	`AccretionOfLoanFeesAndInterest1`	$973.00K	USD	Annual
Accretion of loan fees and interest	`AccretionOfLoanFeesAndInterest1`	$2.79M	USD	Annual
Accretion of preferred shares	`AccretionOfPreferredShares1`	$26.00K	USD	Annual
Accretion of preferred shares	`AccretionOfPreferredShares1`	$62.00K	USD	Annual
Accretion of purchase price liability	`AccretionOfPurchasePriceLiability`	$95.00K	USD	Annual
Accretion of purchase price liability	`AccretionOfPurchasePriceLiability`	$481.00K	USD	Annual
Gain on sale of refranchised assets	`GainLossOnSaleOfBusiness`	$-55.00K	USD	Annual
Gain on sale of refranchised assets	`GainLossOnSaleOfBusiness`	$2.68M	USD	Annual
Change in fair value of derivative liability	`DerivativeGainLossOnDerivativeNet`	$887.00K	USD	Annual
Change in fair value of derivative liability	`DerivativeGainLossOnDerivativeNet`	-	USD	Annual
Impairment of goodwill and other intangible assets	`AssetImpairmentCharges`	$1.04M	USD	Annual
Impairment of goodwill and other intangible assets	`AssetImpairmentCharges`	$9.29M	USD	Annual
Provision for bad debts	`ProvisionForDoubtfulAccounts`	$981.00K	USD	Annual
Provision for bad debts	`ProvisionForDoubtfulAccounts`	$1.84M	USD	Annual
Gain on adjustment of contingent consideration payable	`BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1`	$-1.68M	USD	Annual
Gain on adjustment of contingent consideration payable	`BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1`	-	USD	Annual
Other	`OtherOperatingActivitiesCashFlowStatement`	-	USD	Annual
Other	`OtherOperatingActivitiesCashFlowStatement`	$181.00K	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$4.71M	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-554.00K	USD	Annual
Accrued interest receivable from affiliate	`IncreaseDecreaseInAccruedInterestReceivableNet`	$3.63M	USD	Annual
Accrued interest receivable from affiliate	`IncreaseDecreaseInAccruedInterestReceivableNet`	-	USD	Annual
Other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$992.00K	USD	Annual
Other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$1.53M	USD	Annual
Deferred income	`IncreaseDecreaseInContractWithCustomerLiability`	$768.00K	USD	Annual
Deferred income	`IncreaseDecreaseInContractWithCustomerLiability`	$-144.00K	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-9.00K	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$5.37M	USD	Annual
Accrued expense	`IncreaseDecreaseInAccruedLiabilities`	$3.00M	USD	Annual
Accrued expense	`IncreaseDecreaseInAccruedLiabilities`	$-1.68M	USD	Annual
Accrued advertising	`IncreaseDecreaseInAccruedAdvertising`	$1.40M	USD	Annual
Accrued advertising	`IncreaseDecreaseInAccruedAdvertising`	$1.89M	USD	Annual
Accrued interest payable	`IncreaseDecreaseInInterestPayableNet`	$585.00K	USD	Annual
Accrued interest payable	`IncreaseDecreaseInInterestPayableNet`	$8.83M	USD	Annual
Dividend payable on preferred shares	`IncreaseDecreaseInDividendsPayableOnPreferredShares`	$-531.00K	USD	Annual
Dividend payable on preferred shares	`IncreaseDecreaseInDividendsPayableOnPreferredShares`	$1.19M	USD	Annual
Other	`IncreaseDecreaseInOtherCurrentLiabilities`	$-653.00K	USD	Annual
Other	`IncreaseDecreaseInOtherCurrentLiabilities`	$7.00K	USD	Annual
Total adjustments	`AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities`	$32.27M	USD	Annual
Total adjustments	`AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities`	$3.38M	USD	Annual
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-11.48M	USD	Annual
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$682.00K	USD	Annual
Change in due from affiliates	`PaymentsToAcquireInterestInSubsidiariesAndAffiliates`	-	USD	Annual
Change in due from affiliates	`PaymentsToAcquireInterestInSubsidiariesAndAffiliates`	$13.36M	USD	Annual
Proceeds from sale of real estate	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$4.23M	USD	Annual
Proceeds from sale of real estate	`ProceedsFromSaleOfPropertyPlantAndEquipment`	-	USD	Annual
Acquisition of subsidiaries, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$23.92M	USD	Annual
Acquisition of subsidiaries, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$721.38M	USD	Annual
Payments received on loans receivable	`ProceedsFromSaleOfLoansReceivable`	$69.00K	USD	Annual
Payments received on loans receivable	`ProceedsFromSaleOfLoansReceivable`	$212.00K	USD	Annual
Net proceeds from sale of refranchised restaurants	`ProceedsFromDivestitureOfBusinessesNetOfCashDivested`	$1.09M	USD	Annual
Net proceeds from sale of refranchised restaurants	`ProceedsFromDivestitureOfBusinessesNetOfCashDivested`	$2.69M	USD	Annual
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$460.00K	USD	Annual
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$10.42M	USD	Annual
Purchase deposits on refranchised restaurants	`ProceedsFromPurchaseDepositsOnRefranchisedRestaurants`	$1.50M	USD	Annual
Purchase deposits on refranchised restaurants	`ProceedsFromPurchaseDepositsOnRefranchisedRestaurants`	-	USD	Annual
Other	`PaymentsForProceedsFromOtherInvestingActivities`	-	USD	Annual
Other	`PaymentsForProceedsFromOtherInvestingActivities`	$33.00K	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-36.58M	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-723.20M	USD	Annual
Proceeds from borrowings, net of issuance costs	`ProceedsFromDebtNetOfIssuanceCosts`	$74.29M	USD	Annual
Proceeds from borrowings, net of issuance costs	`ProceedsFromDebtNetOfIssuanceCosts`	$897.22M	USD	Annual
Repayments of borrowings	`RepaymentsOfShortTermDebt`	$24.30M	USD	Annual
Repayments of borrowings	`RepaymentsOfShortTermDebt`	$93.28M	USD	Annual
Issuance of preferred shares, net	`ProceedsFromIssuanceOfPreferredStockAndPreferenceStock`	$8.12M	USD	Annual
Issuance of preferred shares, net	`ProceedsFromIssuanceOfPreferredStockAndPreferenceStock`	$26.73M	USD	Annual
Change in operating lease liabilities	`RepaymentOfChangeInOperatingLeaseLiabilities`	$816.00K	USD	Annual
Change in operating lease liabilities	`RepaymentOfChangeInOperatingLeaseLiabilities`	$3.60M	USD	Annual
Payments made on acquisition purchase price liability	`PaymentsOfMergerRelatedCostsFinancingActivities`	$500.00K	USD	Annual
Payments made on acquisition purchase price liability	`PaymentsOfMergerRelatedCostsFinancingActivities`	$1.07M	USD	Annual
Exercise of warrants	`ProceedsFromWarrantExercises`	-	USD	Annual
Exercise of warrants	`ProceedsFromWarrantExercises`	$2.57M	USD	Annual
Repurchase of warrants	`PaymentsForRepurchaseOfWarrants`	$742.00K	USD	Annual
Repurchase of warrants	`PaymentsForRepurchaseOfWarrants`	-	USD	Annual
Redemption of preferred stock	`PaymentsForRepurchaseOfPreferredStockAndPreferenceStock`	-	USD	Annual
Redemption of preferred stock	`PaymentsForRepurchaseOfPreferredStockAndPreferenceStock`	$500.00K	USD	Annual
Dividends paid on redeemable preferred stock	`PaymentsOfOrdinaryDividendsTemporaryEquity`	-	USD	Annual
Dividends paid on redeemable preferred stock	`PaymentsOfOrdinaryDividendsTemporaryEquity`	$2.28M	USD	Annual
Dividends paid on common shares	`PaymentsOfDividendsCommonStock`	-	USD	Annual
Dividends paid on common shares	`PaymentsOfDividendsCommonStock`	$7.47M	USD	Annual
Dividends paid on preferred shares	`PaymentsOfDividendsPreferredStockAndPreferenceStock`	$318.00K	USD	Annual
Dividends paid on preferred shares	`PaymentsOfDividendsPreferredStockAndPreferenceStock`	$3.56M	USD	Annual
Other	`ProceedsFromPaymentsForOtherFinancingActivities`	-	USD	Annual
Other	`ProceedsFromPaymentsForOtherFinancingActivities`	$-27.00K	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$55.24M	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$815.23M	USD	Annual
Net increase in cash and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$7.19M	USD	Annual
Net increase in cash and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$92.71M	USD	Annual
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`	$99.92M	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`	$7.21M	USD	Point-in-time
Cash and restricted cash at end of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$99.92M	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`	$6.40M	USD	Annual
Cash paid for interest	`InterestPaidNet`	$14.98M	USD	Annual
Cash paid for income taxes	`IncomeTaxesPaidNet`	$842.00K	USD	Annual
Cash paid for income taxes	`IncomeTaxesPaidNet`	$167.00K	USD	Annual
Director fees converted to common stock	`DirectorFeesConvertedToCommonStock`	$240.00K	USD	Annual
Director fees converted to common stock	`DirectorFeesConvertedToCommonStock`	$15.00K	USD	Annual
Issuance of preferred stock in lieu of cash preferred dividends payable	`StockIssued1`	$450.00K	USD	Annual
Issuance of preferred stock in lieu of cash preferred dividends payable	`StockIssued1`	$1.56M	USD	Annual
Income taxes receivable included in amounts due from affiliates	`IncomeTaxesReceivableIncludedInAmountsDueFromAffiliates`	-	USD	Annual
Income taxes receivable included in amounts due from affiliates	`IncomeTaxesReceivableIncludedInAmountsDueFromAffiliates`	$-158.00K	USD	Annual

Stockholders Equity 32 line items

Line Item	Tag	Value	Unit	Period
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-41.88M	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-21.66M	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$5.38M	USD	Point-in-time
Net loss	`ProfitLoss`	$-14.86M	USD	Annual
Net loss	`ProfitLoss`	$-31.58M	USD	Annual
Issuance of common stock through exercise of warrants	`IssuanceOfCommonStockThroughExerciseOfWarrants`	$2.57M	USD	Annual
Issuance of common stock in lieu of cash director fees payable	`StockIssuedDuringPeriodValueIssuedForServices`	$240.00K	USD	Annual
Issuance of preferred stock	`StockIssuedDuringPeriodValueNewIssues`	$6.13M	USD	Annual
Issuance of preferred stock	`StockIssuedDuringPeriodValueNewIssues`	$26.73M	USD	Annual
Exchange of original Series B preferred stock for newly issued Series B preferred stock	`ExchangeOfOriginalSeriesBPreferredStockForNewlyIssuedSeriesBPreferredStockValue`	$1.22M	USD	Annual
Exchange of Series A preferred stock for newly issued Series B preferred stock	`ExchangeOfSeriesAPreferredStockForNewlyIssuedSeriesBPreferredStockValue`	$1.86M	USD	Annual
Exchange of Series A-1 preferred stock for newly issued Series B preferred stock	`ExchangeOfSeriesA1PreferredStockForNewlyIssuedSeriesBPreferredStockValue`	$4.20M	USD	Annual
Series B preferred stock issued in Special Dividend	`SeriesBPreferredStockIssuedInSpecialDividendValue`	$-29.00K	USD	Annual
Share-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$1.64M	USD	Annual
Share-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$99.00K	USD	Annual
Extinguishment of derivative liability	`AdjustmentsToAdditionalPaidInCapitalExtinguishmentOfDerivativeLiability`	$-887.00K	USD	Annual
Grant of warrants to purchase stock	`AdjustmentsToAdditionalPaidInCapitalWarrantIssued`	$2.26M	USD	Annual
Repurchase of warrants	`AdjustmentsToAdditionalPaidInCapitalWarrantsRepurchased`	$-742.00K	USD	Annual
Measurement period adjustment in accordance with ASU 2015-16	`AdjustmentsToAdditionalPaidInCapitalOther`	$-1.38M	USD	Annual
Stock contracted for issue in payment of debt	`StockContractedForIssueInPaymentOfDebt`	$831.00K	USD	Annual
Dividends declared on common stock	`DividendsCommonStockCash`	$7.44M	USD	Annual
Dividends declared on Series B preferred stock	`DividendsPreferredStockStock`	$4.08M	USD	Annual
Dividends declared on Series B preferred stock	`DividendsPreferredStockStock`	$516.00K	USD	Annual
Inclusion of accumulated deficit of FCCG entities acquired in the Merger	`InclusionOfAccumulatedEarningsDeficitOfFCCGEntitiesAcquiredInTheMerger`	$-46.15M	USD	Annual
Correction of recorded conversion rights associated with Series A-1 preferred shares	`CorrectionOfRecordedConversionRightsAssociatedWithSeriesA1PreferredShares`	$91.00K	USD	Annual
Issuance of common stock in connection with acquisition of LS GFG Holdings Inc.	`StockIssuedDuringPeriodValueAcquisitions`	$22.54M	USD	Annual
Stock dividend of Class B Shares	`DividendsCommonStockStock`	$25.00K	USD	Annual
Issuance costs related to common equity	`AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts`	$315.00K	USD	Annual
Series A Preferred shares retired through issuance of Series B Preferred shares	`StockIssuedDuringPeriodValueConversionOfConvertibleSecurities`	$10.75M	USD	Annual
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-41.88M	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-21.66M	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$5.38M	USD	Point-in-time

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