10-Q Filing

FAT BRANDS, INC CIK: 1705012 Q2 2022

Filing Information

Form Type	10-Q
Accession Number	`0001628280-22-019834`
Period End Date	20220630
Filing Date	20220729
Fiscal Year	2022
Fiscal Period	Q2
XBRL Instance	fat-20220626_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 106 Income Statement 96 Cash Flow Statement 92 Stockholders Equity 40

Balance Sheet 106 line items

Line Item	Tag	Value	Unit	Period
Cash	`Cash`	$15.50M	USD	Point-in-time
Cash	`Cash`	$56.66M	USD	Point-in-time
Restricted cash	`RestrictedCashCurrent`	$24.74M	USD	Point-in-time
Restricted cash	`RestrictedCashCurrent`	$23.40M	USD	Point-in-time
Accounts receivable, net of allowance for doubtful accounts of $3,311 and $4,016 as of June 26, 2022 and December 26, 2021, respectively	`AccountsReceivableNetCurrent`	$35.66M	USD	Point-in-time
Accounts receivable, net of allowance for doubtful accounts of $3,311 and $4,016 as of June 26, 2022 and December 26, 2021, respectively	`AccountsReceivableNetCurrent`	$19.55M	USD	Point-in-time
Trade and other notes receivable, net of allowance for doubtful accounts of $129 as of both June 26, 2022 and December 26, 2021	`NotesAndLoansReceivableNetCurrent`	$245.00K	USD	Point-in-time
Trade and other notes receivable, net of allowance for doubtful accounts of $129 as of both June 26, 2022 and December 26, 2021	`NotesAndLoansReceivableNetCurrent`	$231.00K	USD	Point-in-time
Accounts receivable, allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$3.31M	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
Assets classified as held-for-sale	`AssetsHeldForSaleNotPartOfDisposalGroupCurrent`	$5.29M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$12.68M	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`	$129.00K	USD	Point-in-time
Trade and other notes receivable, allowance for doubtful accounts, current	`AllowanceForNotesAndLoansReceivableCurrent`	$129.00K	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`	$118.51M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$92.77M	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
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Noncurrent restricted cash	`RestrictedCashNoncurrent`	$12.53M	USD	Point-in-time
Preferred stock, authorized (in shares)	`PreferredStockSharesAuthorized`	15.00M	shares	Point-in-time
Notes receivable noncurrent, net of allowance for doubtful accounts of $271 as of both June 26, 2022 and December 26, 2021	`NotesAndLoansReceivableNetNoncurrent`	$1.87M	USD	Point-in-time
Preferred stock, authorized (in shares)	`PreferredStockSharesAuthorized`	15.00M	shares	Point-in-time
Notes receivable noncurrent, net of allowance for doubtful accounts of $271 as of both June 26, 2022 and December 26, 2021	`NotesAndLoansReceivableNetNoncurrent`	$3.49M	USD	Point-in-time
Operating lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	$95.50M	USD	Point-in-time
Preferred stock, issued (in shares)	`PreferredStockSharesIssued`	3.22M	shares	Point-in-time
Operating lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	$98.55M	USD	Point-in-time
Preferred stock, issued (in shares)	`PreferredStockSharesIssued`	3.22M	shares	Point-in-time
Preferred stock, outstanding (in shares)	`PreferredStockSharesOutstanding`	3.22M	shares	Point-in-time
Preferred stock, outstanding (in shares)	`PreferredStockSharesOutstanding`	3.22M	shares	Point-in-time
Goodwill	`Goodwill`	$296.49M	USD	Point-in-time
Goodwill	`Goodwill`	$295.13M	USD	Point-in-time
Other intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$646.91M	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
Other intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$652.79M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$83.45M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$80.50M	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 assets	`OtherAssetsNoncurrent`	$2.99M	USD	Point-in-time
Common stock, authorized (in shares)	`CommonStockSharesAuthorized`	51.60M	shares	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$2.53M	USD	Point-in-time
Common stock, authorized (in shares)	`CommonStockSharesAuthorized`	51.60M	shares	Point-in-time
Total assets	`Assets`	$1.27B	USD	Point-in-time
Total assets	`Assets`	$1.23B	USD	Point-in-time
Common stock, issued (in shares)	`CommonStockSharesIssued`	16.38M	shares	Point-in-time
Common stock, issued (in shares)	`CommonStockSharesIssued`	16.40M	shares	Point-in-time
Common stock, outstanding (in shares)	`CommonStockSharesOutstanding`	16.38M	shares	Point-in-time
Common stock, outstanding (in shares)	`CommonStockSharesOutstanding`	16.40M	shares	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$23.58M	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`	$45.60M	USD	Point-in-time
Deferred income, current portion	`ContractWithCustomerLiabilityCurrent`	$2.25M	USD	Point-in-time
Deferred income, current portion	`ContractWithCustomerLiabilityCurrent`	$2.64M	USD	Point-in-time
Accrued advertising	`AccruedAdvertisingCurrent`	$13.84M	USD	Point-in-time
Accrued advertising	`AccruedAdvertisingCurrent`	$10.85M	USD	Point-in-time
Accrued interest payable	`InterestPayableCurrent`	$11.72M	USD	Point-in-time
Accrued interest payable	`InterestPayableCurrent`	$10.68M	USD	Point-in-time
Dividend payable on preferred shares	`DividendPayableOnRedeemablePreferredShares`	$1.57M	USD	Point-in-time
Dividend payable on preferred shares	`DividendPayableOnRedeemablePreferredShares`	$1.56M	USD	Point-in-time
Liabilities related to assets classified as held-for-sale	`LiabilitiesOfDisposalGroupIncludingDiscontinuedOperation`	$4.60M	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`	$13.89M	USD	Point-in-time
Redeemable preferred stock	`CurrentPortionOfPreferredSharesNet`	$135.00M	USD	Point-in-time
Redeemable preferred stock	`CurrentPortionOfPreferredSharesNet`	$67.50M	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	$631.00K	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	$903.00K	USD	Point-in-time
Current portion of acquisition purchase price payable	`AcquisitionPurchasePricePayableCurrent`	$350.00K	USD	Point-in-time
Current portion of acquisition purchase price payable	`AcquisitionPurchasePricePayableCurrent`	$1.17M	USD	Point-in-time
Other	`OtherLiabilitiesCurrent`	$10.50M	USD	Point-in-time
Other	`OtherLiabilitiesCurrent`	$2.89M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$198.49M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$256.19M	USD	Point-in-time
Deferred income, net of current portion	`ContractWithCustomerLiabilityNoncurrent`	$17.66M	USD	Point-in-time
Deferred income, net of current portion	`ContractWithCustomerLiabilityNoncurrent`	$20.01M	USD	Point-in-time
Deferred income tax liabilities, net	`DeferredIncomeTaxLiabilitiesNet`	$12.92M	USD	Point-in-time
Deferred income tax liabilities, net	`DeferredIncomeTaxLiabilitiesNet`	$16.18M	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`	$90.65M	USD	Point-in-time
Long-term debt, net of current portion	`LongTermDebtNoncurrent`	$908.63M	USD	Point-in-time
Long-term debt, net of current portion	`LongTermDebtNoncurrent`	$904.26M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$976.00K	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$1.96M	USD	Point-in-time
Total liabilities	`Liabilities`	$1.23B	USD	Point-in-time
Total liabilities	`Liabilities`	$1.29B	USD	Point-in-time
Commitments and contingencies (Note 16)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (Note 16)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Redeemable preferred stock	`TemporaryEquityCarryingAmountAttributableToParent`	-	USD	Point-in-time
Redeemable preferred stock	`TemporaryEquityCarryingAmountAttributableToParent`	$64.45M	USD	Point-in-time
Preferred stock, $0.0001 par value; 15,000,000 shares authorized; 3,221,471 shares issued and outstanding at June 26, 2022 and December 26, 2021; liquidation preference $25 per share	`PreferredStockIncludingAdditionalPaidInCapital`	$48.26M	USD	Point-in-time
Preferred stock, $0.0001 par value; 15,000,000 shares authorized; 3,221,471 shares issued and outstanding at June 26, 2022 and December 26, 2021; liquidation preference $25 per share	`PreferredStockIncludingAdditionalPaidInCapital`	$55.66M	USD	Point-in-time
Class A common stock and Class B common stock and additional paid-in capital as of June 26, 2022: $0.0001 par value per share; 51,600,000 shares authorized (Class A 50,000,000, Class B 1,600,000); 16,402,402 shares issued and outstanding (Class A 15,131,597, Class B 1,270,805). Common stock and additional paid-in capital as of December 26, 2021: $0.0001 par value; 51,600,000 shares authorized; 16,380,552 shares issued and outstanding (Class A 15,109,747, Class B 1,270,805)	`CommonStocksIncludingAdditionalPaidInCapital`	$-24.84M	USD	Point-in-time
Class A common stock and Class B common stock and additional paid-in capital as of June 26, 2022: $0.0001 par value per share; 51,600,000 shares authorized (Class A 50,000,000, Class B 1,600,000); 16,402,402 shares issued and outstanding (Class A 15,131,597, Class B 1,270,805). Common stock and additional paid-in capital as of December 26, 2021: $0.0001 par value; 51,600,000 shares authorized; 16,380,552 shares issued and outstanding (Class A 15,109,747, Class B 1,270,805)	`CommonStocksIncludingAdditionalPaidInCapital`	$-24.96M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-84.42M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-52.48M	USD	Point-in-time
Total stockholders deficit	`StockholdersEquity`	$-61.12M	USD	Point-in-time
Total stockholders deficit	`StockholdersEquity`	$-21.66M	USD	Point-in-time
Total liabilities and stockholders deficit	`LiabilitiesAndStockholdersEquity`	$1.27B	USD	Point-in-time
Total liabilities and stockholders deficit	`LiabilitiesAndStockholdersEquity`	$1.23B	USD	Point-in-time

Income Statement 96 line items

Line Item	Tag	Value	Unit	Period
Total revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$8.28M	USD	1 Quarter
Total revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$14.93M	USD	2 Qtrs
Total revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$102.78M	USD	1 Quarter
Total revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$200.19M	USD	2 Qtrs
General and administrative expense	`GeneralAndAdministrativeExpense`	$45.44M	USD	2 Qtrs
General and administrative expense	`GeneralAndAdministrativeExpense`	$20.84M	USD	1 Quarter
General and administrative expense	`GeneralAndAdministrativeExpense`	$9.62M	USD	2 Qtrs
General and administrative expense	`GeneralAndAdministrativeExpense`	$5.10M	USD	1 Quarter
Cost of restaurant and factory revenues	`RestaurantOperatingExpenses`	$244.00K	USD	1 Quarter
Cost of restaurant and factory revenues	`RestaurantOperatingExpenses`	$244.00K	USD	2 Qtrs
Cost of restaurant and factory revenues	`RestaurantOperatingExpenses`	$104.64M	USD	2 Qtrs
Cost of restaurant and factory revenues	`RestaurantOperatingExpenses`	$49.85M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$13.18M	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$6.71M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$386.00K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$784.00K	USD	2 Qtrs
Refranchising loss (gain)	`RefranchisingGainLoss`	$429.00K	USD	2 Qtrs
Refranchising loss (gain)	`RefranchisingGainLoss`	$-1.00M	USD	2 Qtrs
Refranchising loss (gain)	`RefranchisingGainLoss`	$856.00K	USD	1 Quarter
Refranchising loss (gain)	`RefranchisingGainLoss`	$-453.00K	USD	1 Quarter
Acquisition costs	`BusinessCombinationAcquisitionRelatedCosts`	$932.00K	USD	2 Qtrs
Acquisition costs	`BusinessCombinationAcquisitionRelatedCosts`	$917.00K	USD	1 Quarter
Acquisition costs	`BusinessCombinationAcquisitionRelatedCosts`	$383.00K	USD	2 Qtrs
Acquisition costs	`BusinessCombinationAcquisitionRelatedCosts`	$135.00K	USD	1 Quarter
Advertising fees	`AdvertisingExpense`	$21.85M	USD	2 Qtrs
Advertising fees	`AdvertisingExpense`	$2.56M	USD	2 Qtrs
Advertising fees	`AdvertisingExpense`	$1.37M	USD	1 Quarter
Advertising fees	`AdvertisingExpense`	$11.60M	USD	1 Quarter
Total costs and expenses	`CostsAndExpenses`	$7.16M	USD	1 Quarter
Total costs and expenses	`CostsAndExpenses`	$89.58M	USD	1 Quarter
Total costs and expenses	`CostsAndExpenses`	$186.50M	USD	2 Qtrs
Total costs and expenses	`CostsAndExpenses`	$13.71M	USD	2 Qtrs
Income from operations	`OperatingIncomeLoss`	$1.13M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$13.69M	USD	2 Qtrs
Income from operations	`OperatingIncomeLoss`	$1.22M	USD	2 Qtrs
Income from operations	`OperatingIncomeLoss`	$13.20M	USD	1 Quarter
Interest expense	`InterestExpenseOther`	$38.03M	USD	2 Qtrs
Interest expense	`InterestExpenseOther`	$2.41M	USD	1 Quarter
Interest expense	`InterestExpenseOther`	$19.00M	USD	1 Quarter
Interest expense	`InterestExpenseOther`	$4.87M	USD	2 Qtrs
Interest expense related to preferred shares	`InterestExpenseRelatedToPreferredShares`	$264.00K	USD	1 Quarter
Interest expense related to preferred shares	`InterestExpenseRelatedToPreferredShares`	$6.71M	USD	2 Qtrs
Interest expense related to preferred shares	`InterestExpenseRelatedToPreferredShares`	$552.00K	USD	2 Qtrs
Interest expense related to preferred shares	`InterestExpenseRelatedToPreferredShares`	$4.71M	USD	1 Quarter
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
Other income, net	`OtherNonoperatingIncomeExpense`	$123.00K	USD	2 Qtrs
Other income, net	`OtherNonoperatingIncomeExpense`	$25.00K	USD	1 Quarter
Other income, net	`OtherNonoperatingIncomeExpense`	$2.07M	USD	1 Quarter
Other income, net	`OtherNonoperatingIncomeExpense`	$3.38M	USD	2 Qtrs
Total other expense, net	`NonoperatingIncomeExpense`	$-11.70M	USD	2 Qtrs
Total other expense, net	`NonoperatingIncomeExpense`	$-21.64M	USD	1 Quarter
Total other expense, net	`NonoperatingIncomeExpense`	$-9.05M	USD	1 Quarter
Total other expense, net	`NonoperatingIncomeExpense`	$-41.36M	USD	2 Qtrs
Loss before income tax expense	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-7.92M	USD	1 Quarter
Loss before income tax expense	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-27.67M	USD	2 Qtrs
Loss before income tax expense	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-8.44M	USD	1 Quarter
Loss before income tax expense	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-10.48M	USD	2 Qtrs
Income tax (benefit) provision	`IncomeTaxExpenseBenefit`	$-1.99M	USD	1 Quarter
Income tax (benefit) provision	`IncomeTaxExpenseBenefit`	$4.27M	USD	2 Qtrs
Income tax (benefit) provision	`IncomeTaxExpenseBenefit`	$-251.00K	USD	1 Quarter
Income tax (benefit) provision	`IncomeTaxExpenseBenefit`	$-2.12M	USD	2 Qtrs
Net loss	`ProfitLoss`	$-8.36M	USD	2 Qtrs
Net loss	`ProfitLoss`	$-8.19M	USD	1 Quarter
Net loss	`ProfitLoss`	$-5.93M	USD	1 Quarter
Net loss	`ProfitLoss`	$-31.94M	USD	2 Qtrs
Less: Net loss attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	-	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
Net loss attributable to FAT Brands Inc.	`NetIncomeLoss`	$-5.93M	USD	1 Quarter
Net loss attributable to FAT Brands Inc.	`NetIncomeLoss`	$-31.94M	USD	2 Qtrs
Net loss attributable to FAT Brands Inc.	`NetIncomeLoss`	$-8.36M	USD	2 Qtrs
Net loss attributable to FAT Brands Inc.	`NetIncomeLoss`	$-8.19M	USD	1 Quarter
Basic loss per common share (in dollars per share)	`EarningsPerShareBasic`	$-0.69	USD	2 Qtrs
Basic loss per common share (in dollars per share)	`EarningsPerShareBasic`	$-1.95	USD	2 Qtrs
Basic loss per common share (in dollars per share)	`EarningsPerShareBasic`	$-0.48	USD	1 Quarter
Basic loss per common share (in dollars per share)	`EarningsPerShareBasic`	$-0.50	USD	1 Quarter
Diluted loss per common share (in dollars per share)	`EarningsPerShareDiluted`	$-0.48	USD	1 Quarter
Diluted loss per common share (in dollars per share)	`EarningsPerShareDiluted`	$-0.69	USD	2 Qtrs
Diluted loss per common share (in dollars per share)	`EarningsPerShareDiluted`	$-0.50	USD	1 Quarter
Diluted loss per common share (in dollars per share)	`EarningsPerShareDiluted`	$-1.95	USD	2 Qtrs
Basic weighted average shares outstanding (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	16.40M	shares	2 Qtrs
Basic weighted average shares outstanding (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	12.12M	shares	2 Qtrs
Basic weighted average shares outstanding (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	12.28M	shares	1 Quarter
Basic weighted average shares outstanding (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	16.41M	shares	1 Quarter
Diluted weighted average shares outstanding (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	16.41M	shares	1 Quarter
Diluted weighted average shares outstanding (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	16.40M	shares	2 Qtrs
Diluted weighted average shares outstanding (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	12.28M	shares	1 Quarter
Diluted weighted average shares outstanding (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	12.12M	shares	2 Qtrs
Cash dividends declared per common share (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.26	USD	2 Qtrs
Cash dividends declared per common share (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.13	USD	1 Quarter
Cash dividends declared per common share (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.26	USD	2 Qtrs
Cash dividends declared per common share (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.13	USD	1 Quarter

Cash Flow Statement 92 line items

Line Item	Tag	Value	Unit	Period
Net loss	`ProfitLoss`	$-8.36M	USD	2 Qtrs
Net loss	`ProfitLoss`	$-8.19M	USD	1 Quarter
Net loss	`ProfitLoss`	$-5.93M	USD	1 Quarter
Net loss	`ProfitLoss`	$-31.94M	USD	2 Qtrs
Deferred income taxes	`DeferredIncomeTaxesAndTaxCredits`	$-3.00M	USD	2 Qtrs
Deferred income taxes	`DeferredIncomeTaxesAndTaxCredits`	$3.26M	USD	2 Qtrs
Net loss on extinguishment of debt	`NoncashGainLossOnExtinguishmentOfDebt`	$-4.86M	USD	2 Qtrs
Net loss on extinguishment of debt	`NoncashGainLossOnExtinguishmentOfDebt`	-	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$10.64M	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$784.00K	USD	2 Qtrs
Share-based compensation	`ShareBasedCompensation`	$230.00K	USD	2 Qtrs
Share-based compensation	`ShareBasedCompensation`	$4.08M	USD	2 Qtrs
Change in operating right-of-use assets	`ChangeInOperatingRightOfUseAssets`	$3.24M	USD	2 Qtrs
Change in operating right-of-use assets	`ChangeInOperatingRightOfUseAssets`	$1.06M	USD	2 Qtrs
Accretion of loan fees and interest	`AccretionOfLoanFeesAndInterest1`	$5.79M	USD	2 Qtrs
Accretion of loan fees and interest	`AccretionOfLoanFeesAndInterest1`	$696.00K	USD	2 Qtrs
Accretion of preferred shares	`AccretionOfPreferredShares1`	$47.00K	USD	2 Qtrs
Accretion of preferred shares	`AccretionOfPreferredShares1`	-	USD	2 Qtrs
Accretion of purchase price liability	`AccretionOfPurchasePriceLiability`	$20.00K	USD	2 Qtrs
Accretion of purchase price liability	`AccretionOfPurchasePriceLiability`	$48.00K	USD	2 Qtrs
Gain on sale of refranchised assets	`GainLossOnSaleOfBusiness`	-	USD	2 Qtrs
Gain on sale of refranchised assets	`GainLossOnSaleOfBusiness`	$1.12M	USD	2 Qtrs
Provision for bad debts	`ProvisionForDoubtfulAccounts`	$423.00K	USD	2 Qtrs
Provision for bad debts	`ProvisionForDoubtfulAccounts`	$23.00K	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$16.53M	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$1.40M	USD	2 Qtrs
Other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$783.00K	USD	2 Qtrs
Other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$825.00K	USD	2 Qtrs
Deferred income	`IncreaseDecreaseInContractWithCustomerLiability`	$1.96M	USD	2 Qtrs
Deferred income	`IncreaseDecreaseInContractWithCustomerLiability`	$388.00K	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-395.00K	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-3.92M	USD	2 Qtrs
Accrued expense	`IncreaseDecreaseInAccruedLiabilities`	$-1.23M	USD	2 Qtrs
Accrued expense	`IncreaseDecreaseInAccruedLiabilities`	$2.01M	USD	2 Qtrs
Accrued advertising	`IncreaseDecreaseInAccruedAdvertising`	$-180.00K	USD	2 Qtrs
Accrued advertising	`IncreaseDecreaseInAccruedAdvertising`	$2.98M	USD	2 Qtrs
Accrued interest payable	`IncreaseDecreaseInInterestPayableNet`	$483.00K	USD	2 Qtrs
Accrued interest payable	`IncreaseDecreaseInInterestPayableNet`	$-374.00K	USD	2 Qtrs
Dividend payable on preferred shares	`IncreaseDecreaseDividendPayableOnPreferredShares`	$-9.00K	USD	2 Qtrs
Dividend payable on preferred shares	`IncreaseDecreaseDividendPayableOnPreferredShares`	$533.00K	USD	2 Qtrs
Other	`IncreaseDecreaseInOtherCurrentLiabilities`	$-6.40M	USD	2 Qtrs
Other	`IncreaseDecreaseInOtherCurrentLiabilities`	$21.00K	USD	2 Qtrs
Total adjustments	`AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities`	$3.98M	USD	2 Qtrs
Total adjustments	`AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities`	$3.43M	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-4.93M	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-27.96M	USD	2 Qtrs
Acquisitions, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	-	USD	2 Qtrs
Acquisitions, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$2.77M	USD	2 Qtrs
Payments received on loans receivable	`ProceedsFromCollectionOfNotesReceivable`	-	USD	2 Qtrs
Payments received on loans receivable	`ProceedsFromCollectionOfNotesReceivable`	$1.65M	USD	2 Qtrs
Net proceeds from sale of refranchised restaurants	`ProceedsFromDivestitureOfBusinessesNetOfCashDivested`	$1.44M	USD	2 Qtrs
Net proceeds from sale of refranchised restaurants	`ProceedsFromDivestitureOfBusinessesNetOfCashDivested`	-	USD	2 Qtrs
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$7.99M	USD	2 Qtrs
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$1.26M	USD	2 Qtrs
Other	`PaymentsForProceedsFromOtherInvestingActivities`	$192.00K	USD	2 Qtrs
Other	`PaymentsForProceedsFromOtherInvestingActivities`	$-37.00K	USD	2 Qtrs
Net cash (used in) provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-9.30M	USD	2 Qtrs
Net cash (used in) provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$221.00K	USD	2 Qtrs
Proceeds from borrowings, net of issuance costs	`ProceedsFromDebtNetOfIssuanceCosts`	$704.00K	USD	2 Qtrs
Proceeds from borrowings, net of issuance costs	`ProceedsFromDebtNetOfIssuanceCosts`	$140.79M	USD	2 Qtrs
Repayments of borrowings	`RepaymentsOfShortTermDebt`	$92.61M	USD	2 Qtrs
Repayments of borrowings	`RepaymentsOfShortTermDebt`	$510.00K	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`	$2.86M	USD	2 Qtrs
Change in operating lease liabilities	`RepaymentOfChangeInOperatingLeaseLiabilities`	$798.00K	USD	2 Qtrs
Payments made on acquisition purchase price liability	`PaymentsOfMergerRelatedCostsFinancingActivities`	-	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`	$79.00K	USD	2 Qtrs
Dividends paid on redeemable preferred stock	`PaymentsOfOrdinaryDividendsTemporaryEquity`	-	USD	2 Qtrs
Dividends paid on redeemable preferred stock	`PaymentsOfOrdinaryDividendsTemporaryEquity`	$1.06M	USD	2 Qtrs
Dividends paid on common shares	`PaymentsOfDividendsCommonStock`	$3.20M	USD	2 Qtrs
Dividends paid on common shares	`PaymentsOfDividendsCommonStock`	$4.26M	USD	2 Qtrs
Dividends paid on preferred shares	`PaymentsOfDividendsPreferredStockAndPreferenceStock`	$3.31M	USD	2 Qtrs
Dividends paid on preferred shares	`PaymentsOfDividendsPreferredStockAndPreferenceStock`	$1.25M	USD	2 Qtrs
Net cash (used in) provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$51.52M	USD	2 Qtrs
Net cash (used in) provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-11.23M	USD	2 Qtrs
Net (decrease) increase in cash and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-48.50M	USD	2 Qtrs
Net (decrease) increase in cash and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$46.81M	USD	2 Qtrs
Cash and restricted cash at beginning of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$51.42M	USD	Point-in-time
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`	$99.92M	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 end of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$51.42M	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`	$99.92M	USD	Point-in-time
Cash and restricted cash at end of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$7.21M	USD	Point-in-time
Cash paid for interest	`InterestPaidNet`	$4.62M	USD	2 Qtrs
Cash paid for interest	`InterestPaidNet`	$32.43M	USD	2 Qtrs
Cash paid for income taxes	`IncomeTaxesPaidNet`	$400.00K	USD	2 Qtrs
Cash paid for income taxes	`IncomeTaxesPaidNet`	$447.00K	USD	2 Qtrs

Stockholders Equity 40 line items

Line Item	Tag	Value	Unit	Period
Beginning balance, value	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-51.11M	USD	Point-in-time
Beginning balance, value	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-41.88M	USD	Point-in-time
Beginning balance, value	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-45.16M	USD	Point-in-time
Beginning balance, value	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-61.12M	USD	Point-in-time
Beginning balance, value	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-21.66M	USD	Point-in-time
Beginning balance, value	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-45.58M	USD	Point-in-time
Net loss	`ProfitLoss`	$-8.36M	USD	2 Qtrs
Net loss	`ProfitLoss`	$-8.19M	USD	1 Quarter
Net loss	`ProfitLoss`	$-5.93M	USD	1 Quarter
Net loss	`ProfitLoss`	$-31.94M	USD	2 Qtrs
Issuance of common stock through exercise of warrants	`StockIssuedDuringPeriodValueExerciseOfWarrants`	$83.00K	USD	2 Qtrs
Issuance of common stock through exercise of warrants	`StockIssuedDuringPeriodValueExerciseOfWarrants`	$1.38M	USD	2 Qtrs
Issuance of common stock through exercise of warrants	`StockIssuedDuringPeriodValueExerciseOfWarrants`	$868.00K	USD	1 Quarter
Issuance of preferred stock	`StockIssuedDuringPeriodValueNewIssues`	$8.28M	USD	2 Qtrs
Issuance of preferred stock	`StockIssuedDuringPeriodValueNewIssues`	$8.28M	USD	1 Quarter
Share-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$193.00K	USD	1 Quarter
Share-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$1.96M	USD	1 Quarter
Share-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$4.08M	USD	2 Qtrs
Share-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$230.00K	USD	2 Qtrs
Measurement period adjustment in accordance with ASU 2015-16	`AdjustmentsToAdditionalPaidInCapitalOther`	$-248.00K	USD	1 Quarter
Measurement period adjustment in accordance with ASU 2015-16	`AdjustmentsToAdditionalPaidInCapitalOther`	$-1.45M	USD	2 Qtrs
Stock contracted for issue in payment of debt	`StockContractedForIssueInPaymentOfDebt`	$816.00K	USD	1 Quarter
Stock contracted for issue in payment of debt	`StockContractedForIssueInPaymentOfDebt`	$816.00K	USD	2 Qtrs
Sale of Interest in operating restaurant	`SaleOfInterestInOperatingRestaurant`	$249.00K	USD	2 Qtrs
Sale of Interest in operating restaurant	`SaleOfInterestInOperatingRestaurant`	$249.00K	USD	1 Quarter
Dividends declared on common stock	`DividendsCommonStockCash`	$2.13M	USD	1 Quarter
Dividends declared on common stock	`DividendsCommonStockCash`	$3.20M	USD	1 Quarter
Dividends declared on common stock	`DividendsCommonStockCash`	$4.26M	USD	2 Qtrs
Dividends declared on common stock	`DividendsCommonStockCash`	$3.20M	USD	2 Qtrs
Dividends declared on Series B preferred stock	`DividendsPreferredStockStock`	$610.00K	USD	1 Quarter
Dividends declared on Series B preferred stock	`DividendsPreferredStockStock`	$3.31M	USD	2 Qtrs
Dividends declared on Series B preferred stock	`DividendsPreferredStockStock`	$1.66M	USD	1 Quarter
Dividends declared on Series B preferred stock	`DividendsPreferredStockStock`	$1.22M	USD	2 Qtrs
Exercise of Series B preferred stock put option	`AdjustmentsToAdditionalPaidInCapitalDecreaseDueToExerciseOfPutOption`	$4.11M	USD	2 Qtrs
Ending balance, value	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-51.11M	USD	Point-in-time
Ending balance, value	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-41.88M	USD	Point-in-time
Ending balance, value	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-45.16M	USD	Point-in-time
Ending balance, value	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-61.12M	USD	Point-in-time
Ending balance, value	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-21.66M	USD	Point-in-time
Ending balance, value	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-45.58M	USD	Point-in-time

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