ARK Restaurants Corp. Files Q3 2024 10-Q
Ticker: ARKR · Form: 10-Q · Filed: Aug 13, 2024 · CIK: 779544
Sentiment: neutral
Topics: 10-Q, quarterly-filing, restaurants
TL;DR
ARK Restaurants Corp. filed its Q3 2024 10-Q. Check financials.
AI Summary
ARK Restaurants Corp. filed its 10-Q for the period ending June 29, 2024. The filing covers the third quarter of their fiscal year, which ends on September 28. Key financial data and business operations for this period are detailed within the report.
Why It Matters
This filing provides investors with an update on ARK Restaurants Corp.'s financial performance and operational status for the third quarter of 2024, crucial for understanding the company's trajectory.
Risk Assessment
Risk Level: low — This is a routine quarterly filing providing standard financial disclosures.
Key Numbers
- 20240629 — Period End Date (Fiscal quarter ending date)
- 20240813 — Filing Date (Date the report was submitted to the SEC)
Key Players & Entities
- ARK RESTAURANTS CORP (company) — Filer
- 20240629 (date) — Period of Report
- 20240813 (date) — Filed as of Date
- NY (location) — State of Incorporation
- 2122068800 (dollar_amount) — Business Phone
FAQ
What is the fiscal year end for ARK Restaurants Corp.?
The fiscal year end for ARK Restaurants Corp. is September 28.
What is the SIC code for ARK Restaurants Corp.?
The Standard Industrial Classification (SIC) code for ARK Restaurants Corp. is 5812 (RETAIL-EATING PLACES).
What is the filing date of this 10-Q report?
This 10-Q report was filed as of August 13, 2024.
What period does this 10-Q filing cover?
This 10-Q filing covers the period ending June 29, 2024.
In which state was ARK Restaurants Corp. incorporated?
ARK Restaurants Corp. was incorporated in NY (New York).
Filing Stats: 4,742 words · 19 min read · ~16 pages · Grade level 18.9 · Accepted 2024-08-13 16:17:14
Filing Documents
- arkr-20240629.htm (10-Q) — 884KB
- q3-202410xqexhibit311.htm (EX-31.1) — 10KB
- q3-202410xqexhibit312.htm (EX-31.2) — 11KB
- q3-202410xqexhibit32.htm (EX-32) — 7KB
- 0000779544-24-000042.txt ( ) — 5120KB
- arkr-20240629.xsd (EX-101.SCH) — 42KB
- arkr-20240629_cal.xml (EX-101.CAL) — 70KB
- arkr-20240629_def.xml (EX-101.DEF) — 160KB
- arkr-20240629_lab.xml (EX-101.LAB) — 535KB
- arkr-20240629_pre.xml (EX-101.PRE) — 358KB
- arkr-20240629_htm.xml (XML) — 492KB
Financial Information
Part I. Financial Information
Consolidated Condensed Financial Statements
Item 1. Consolidated Condensed Financial Statements ARK RESTAURANTS CORP. AND SUBSIDIARIES CONSOLIDATED CONDENSED BALANCE SHEETS (In Thousands, Except Per Share Amounts) June 29, 2024 September 30, 2023 (unaudited) (Note 1) ASSETS CURRENT ASSETS: Cash and cash equivalents (includes $ 437 at June 29, 2024 and $ 564 at September 30, 2023 related to VIEs) $ 11,467 $ 13,415 Accounts receivable (includes $ 247 at June 29, 2024 and $ 169 at September 30, 2023 related to VIEs) 5,375 3,313 Employee receivables 277 328 Inventories (includes $ 45 at June 29, 2024 and $ 47 at September 30, 2023 related to VIEs) 2,468 3,093 Prepaid and refundable income taxes (includes $ 16 at June 29, 2024 and $ 204 at September 30, 2023 related to VIEs) 148 212 Prepaid expenses and other current assets (includes $ 44 at June 29, 2024 and $ 31 at September 30, 2023 related to VIEs) 1,972 1,569 Total current assets 21,707 21,930 FIXED ASSETS - Net (includes $ 246 at June 29, 2024 and $ 216 at September 30, 2023 related to VIEs) 31,516 34,314 OPERATING LEASE RIGHT-OF-USE ASSETS - Net (includes $ 1,576 at June 29, 2024 and $ 1,796 at September 30, 2023 related to VIEs) 88,654 96,459 GOODWILL 7,440 7,440 TRADEMARKS 4,220 4,220 INTANGIBLE ASSETS - Net 120 187 DEFERRED INCOME TAXES 4,176 3,738 INVESTMENT IN AND RECEIVABLE FROM NEW MEADOWLANDS RACETRACK 6,539 6,507 OTHER ASSETS (includes $ 11 at June 29, 2024 and September 30, 2023 related to VIEs) 2,161 2,161 TOTAL ASSETS $ 166,533 $ 176,956 LIABILITIES AND EQUITY CURRENT LIABILITIES: Accounts payable - trade (includes $ 221 at June 29, 2024 and $ 93 at September 30, 2023 related to VIEs) $ 5,214 $ 4,058 Accrued expenses and other current liabilities (includes $ 262 at June 29, 2024 and $ 331 at September 30, 2023 related to VIEs) 12,092 13,829 Current portion of operating lease liabilities (includes $ 318 at June 29, 2024 and $ 298 at September 30, 2023 related to VIEs) 7,775 7,988 Current portion of n