Good Times Restaurants Confirms Compliance, Maintains Smaller Filer Status

TL;DR

GTIM's latest 10-Q confirms regulatory compliance, but its smaller filer status means less detailed public data, making it a riskier bet for those seeking deep financial transparency.

AI Summary

Good Times Restaurants Inc. (GTIM) reported its 10-Q for the quarter ended July 1, 2025. The filing indicates the company is a non-accelerated filer and a smaller reporting company, suggesting a smaller market capitalization and potentially less liquidity. The company's common stock, with a $.001 par value, is traded on the NASDAQ Capital Market under the symbol GTIM. The filing confirms that Good Times Restaurants Inc. has filed all required reports under Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months and has been subject to such filing requirements for the past 90 days. Additionally, the registrant has submitted electronically and posted on its corporate website every Interactive Data File required by Rule 405 of Regulation S-T during the preceding 12 months. No specific dollar amounts for revenue or net income were provided in the excerpt, nor were key business changes or strategic outlook details. The primary focus of the provided text was on the company's filing status and compliance.

Why It Matters

For investors, GTIM's status as a non-accelerated and smaller reporting company means it faces less stringent reporting requirements, which can reduce administrative costs but also potentially limit the depth of publicly available financial data compared to larger competitors. This competitive context suggests GTIM operates in a segment where agility might be prioritized over extensive regulatory burdens. Employees and customers are less directly impacted by this specific filing detail, but the company's compliance with SEC regulations ensures a baseline level of transparency and accountability in the broader market. This compliance is crucial for maintaining investor confidence and market integrity.

Risk Assessment

Risk Level: medium — The risk level is medium because while GTIM is compliant with SEC filing requirements, its status as a 'smaller reporting company' and 'non-accelerated filer' means it is subject to less rigorous disclosure rules. This lack of detailed financial information in the provided excerpt, such as revenue or net income figures, prevents a comprehensive financial assessment, increasing informational risk for investors.

Analyst Insight

Investors should seek out the full 10-Q filing to analyze specific revenue, net income, and operational data, as this excerpt only confirms compliance status. Without concrete financial figures, making an informed investment decision on GTIM is premature.

Key Numbers

• $0.001 — Common Stock Par Value (Indicates the nominal value per share of GTIM's common stock.)

Key Players & Entities

• Good Times Restaurants Inc. (company) — Registrant in 10-Q filing
• NASDAQ Capital Market (regulator) — Exchange where GTIM Common Stock is registered
• SEC (regulator) — United States Securities and Exchange Commission
• $0.001 (dollar_amount) — Par value of Common Stock
• July 1, 2025 (date) — End of the quarterly period reported
• August 7, 2025 (date) — Filing date of the 10-Q
• Nevada (state) — State of incorporation for Good Times Restaurants Inc.
• 651 Corporate Circle, Golden, CO 80401 (address) — Principal executive offices of Good Times Restaurants Inc.

FAQ

Industry Context

The restaurant industry, particularly the fast-casual segment where Good Times Restaurants Inc. operates, is highly competitive and sensitive to economic conditions, consumer spending habits, and evolving dietary trends. Companies in this sector face ongoing challenges related to labor costs, supply chain disruptions, and the need for continuous menu innovation and marketing to attract and retain customers.

Regulatory Implications

As a non-accelerated and smaller reporting company, GTIM benefits from scaled disclosure requirements under SEC regulations. However, it must maintain strict adherence to filing deadlines and content requirements for its 10-Q and other periodic reports to ensure continued compliance and avoid potential penalties or delisting from the NASDAQ Capital Market.

What Investors Should Do

1. Monitor future 10-Q filings for detailed financial performance metrics.
2. Review the company's website for any additional disclosures or investor relations materials.
3. Assess the implications of GTIM's 'smaller reporting company' and 'non-accelerated filer' status.

Glossary

Non-accelerated filer

A filer that does not meet the requirements to be classified as a large accelerated filer or an accelerated filer. This typically means they have a public float of less than $75 million and have not been subject to SEC reporting requirements for at least 12 months. (Indicates Good Times Restaurants Inc. is a smaller company with potentially less stringent reporting obligations compared to larger filers.)

Smaller reporting company

A company that meets certain criteria related to public float and annual revenues, allowing for scaled disclosure requirements. Generally, a company with a public float of less than $250 million or annual revenues of less than $100 million. (Confirms GTIM's status as a smaller entity, which may influence investor perception regarding liquidity and analyst coverage.)

Rule 405 of Regulation S-T

This rule mandates that registrants submit all Interactive Data Files (XBRL) electronically and post them on their corporate websites if they have one, for the preceding 12 months. (Good Times Restaurants Inc. has confirmed compliance with this rule, indicating adherence to modern electronic filing standards for financial data.)

Section 13 or 15(d) of the Securities Exchange Act of 1934

These sections outline the reporting requirements for companies whose securities are registered with the SEC, including the filing of periodic reports like 10-Q (quarterly) and 10-K (annual). (GTIM's confirmation of filing all required reports under these sections signifies ongoing compliance with fundamental securities laws.)

Year-Over-Year Comparison

This excerpt does not provide comparative financial data from previous filings, making it impossible to assess year-over-year changes in revenue, profitability, or other key financial metrics. The focus is solely on the current reporting period's compliance status and the company's classification as a non-accelerated filer and smaller reporting company.

Filing Details

This Form 10-Q (Form 10-Q) was filed with the SEC on August 7, 2025 regarding Good Times Restaurants Inc. (GTIM).

View full filing on EDGAR

View Full Filing

View this 10-Q filing on SEC EDGAR