v3.26.1
Condensed Consolidated Balance Sheets - USD ($)
Jun. 30, 2026
Dec. 30, 2025
Current assets:    
Cash and cash equivalents $ 1,299,000 $ 1,265,000
Accounts receivable 4,789,000 4,064,000
Inventories 9,306,000 10,218,000
Prepaid expenses and other assets 2,803,000 3,034,000
Income tax receivable 327,000 312,000
Total current assets 18,524,000 18,893,000
Property and equipment, net 94,401,000 107,359,000
Operating lease assets, net 114,220,000 126,319,000
Goodwill 7,154,000 7,154,000
Intangibles, net 396,000 420,000
Other assets, net 1,079,000 1,526,000
Total long-term assets 217,250,000 242,778,000
Total assets 235,774,000 261,671,000
Current liabilities:    
Accounts payable 16,592,000 16,545,000
Accrued payroll and benefits 9,846,000 7,235,000
Accrued expenses and other current liabilities 10,457,000 11,808,000
Current operating lease liabilities 26,077,000 26,257,000
Total current liabilities 62,972,000 61,845,000
Long-term debt, net 104,406,000 108,776,000
Long-term operating lease liabilities, net 112,050,000 126,924,000
Deferred tax liabilities, net 343,000 316,000
Other long-term liabilities 7,019,000 9,115,000
Total liabilities 286,790,000 306,976,000
Stockholders’ deficit:    
Preferred stock—$0.01 par value, 1,000,000 shares authorized and undesignated as of June 30, 2026 and December 30, 2025; no shares issued or outstanding 0 0
Common stock—$0.01 par value, 180,000,000 shares authorized as of June 30, 2026 and December 30, 2025; 6,269,645 issued and 5,966,661 outstanding as of June 30, 2026 and 6,155,333 issued and 5,852,349 outstanding as of December 30, 2025 (1) [1] 63,000 62,000
Treasury stock, at cost, 302,984 shares as of June 30, 2026 and December 30, 2025 (1) [1] (35,000,000) (35,000,000)
Additional paid-in capital 218,314,000 216,658,000
Accumulated deficit (234,393,000) (227,025,000)
Total stockholders’ deficit (51,016,000) (45,305,000)
Total liabilities and stockholders’ deficit $ 235,774,000 $ 261,671,000
[1] Shares have been retroactively adjusted to reflect the decreased number of shares resulting from a 1-for-8 reverse stock split effectuated on February 18, 2026.