v3.26.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Cash flows from operating activities:    
Net income (loss) $ 1,799 $ (884)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation and amortization 3,453 2,883
Amortization of debt issuance costs and loan fees 60 355
Accrued paid-in-kind interest 0 114
Interest income from related party 0 (45)
Equity-based compensation 1,187 0
Deferred income taxes 38 0
TRA remeasurement loss 351 0
Non-cash operating lease costs 2,680 2,250
Changes in operating assets and liabilities:    
Receivables, net (11) (1,233)
Inventories (358) (7)
Prepaid expenses and deposits 859 327
Other assets (319) 0
Accounts payable (627) 502
Accrued payroll and benefits (1,438) (2,808)
Deferred compensation 0 867
Accrued expenses 1,094 874
Gift card and loyalty program liability (259) (280)
Operating lease liabilities (1,718) 518
Net cash provided by operating activities 6,791 3,433
Cash flows from investing activities:    
Purchases of property and equipment (16,209) (6,510)
Purchase of intangible assets 0 (38)
Payments of initial direct costs for operating leases (316) 0
Net cash used in investing activities (16,525) (6,548)
Cash flows from financing activities:    
Proceeds from long-term debt 1,525 10,000
Payments on long-term debt (179) (256)
Payments of debt issuance costs and loan fees 0 (100)
Net cash provided by financing activities 1,346 9,644
Net increase (decrease) in cash and cash equivalents (8,388) 6,529
Cash and cash equivalents, beginning of period 28,406 10,227
Cash and cash equivalents, end of period 20,018 16,756
Supplemental disclosure of cash flow information:    
Cash paid during the year for interest, net of capitalized interest 323 2,457
Income taxes paid, net of refunds 55 0
Supplemental disclosure of noncash investing and financing activities:    
Property and equipment accrued in accounts payable and accrued expenses 5,812 642
Noncash recognition of finance obligations $ 750 $ 0