Good Times Restaurants Inc. GTIM US Equity
Good Times Restaurants Inc. (Nasdaq: GTIM), an SEC filer in Retail-Eating Places, closed at $1.50, +0.0%, on 2026-08-28, with a market cap of $16M as of 2026-08-27, a trailing P/E of 15.0, a return on equity of 3.1%, a net margin of 0.7% and 3-year sales growth of 0.8%. Institutional ownership, earnings history and filed financials are on the tabs below.
Legal & controls
Item 3 and Item 9A as filed · every verdict is the registrant’s own sentence, printed below it · a filing that fails an extraction gate reads “not extracted”
| Fiscal year | Filed | Item 3 | ICFR | disclosure controls | material weakness | Filing |
|---|---|---|---|---|---|---|
| 2025-09-30 | 2025-12-29 | described here | effective | effective | none in Item 9A | EDGAR |
Item 3 · There may be various claims in process, matters in litigation, and other contingencies brought against the Company by employees, vendors, customers, franchisees, or other parties. Evaluating these contingencies is a complex process that may involve substantial judgment on the potential outcome of such matters, and the ultimate outcome of such contingencies may differ from our current analysis. We regularly review the adequacy of accruals and disclosures related to such contingent liabilities in consultation with legal counsel. While it is not possible to predict the outcome of these claims with certainty, it is management’s opinion that any reasonably possible losses associated with such contingencies have been adequately accrued or would be immaterial to our financial statements. The Company was the defendant in a lawsuit styled as White Winston Select Asset Funds, LLC and GT Acquisition Group, Inc. v. Good Times Restaurants, Inc., arising from the failed negotiations between plaintiffs and the Company for the sale of the Good Times Drive Thru subsidiary to plaintiffs. The lawsuit was initially filed on September 24, 2019, in Delaware Chancery Court, and the Company removed the ca… Item 9A · ICFR · Based on this assessment, our management concluded that, as of September 30, 2025, the Company’s internal control over financial reporting was effective based on these criteria. Item 9A · disclosure controls · Conclusion Regarding the Effectiveness of Disclosure Controls and Procedures: Based on an evaluation of the Company’s disclosure controls and procedures (as defined in Rules 13a-15(e) and 15d-15(e) of the Exchange Act), the Company’s Chief Executive Officer (its principal executive officer) and Senior Vice President of Finance and Accounting (its principal financial officer) have concluded that the Company’s disclosure controls and procedures were effective as of the end of the period covered by this report. | ||||||
| 2024-09-24 | 2024-12-12 | described here | effective | effective | none in Item 9A | EDGAR |
Item 3 · There may be various claims in process, matters in litigation, and other contingencies brought against the Company by employees, vendors, customers, franchisees, or other parties. Evaluating these contingencies is a complex process that may involve substantial judgment on the potential outcome of such matters, and the ultimate outcome of such contingencies may differ from our current analysis. We regularly review the adequacy of accruals and disclosures related to such contingent liabilities in consultation with legal counsel. While it is not possible to predict the outcome of these claims with certainty, it is management’s opinion that any reasonably possible losses associated with such contingencies have been adequately accrued or would be immaterial to our financial statements. The Company was the defendant in a lawsuit styled as White Winston Select Asset Funds, LLC and GT Acquisition Group, Inc. v. Good Times Restaurants, Inc., arising from the failed negotiations between plaintiffs and the Company for the sale of the Good Times Drive Thru subsidiary to plaintiffs. The lawsuit was initially filed on September 24, 2019, in Delaware Chancery Court, and the Company removed the ca… Item 9A · ICFR · Based on this assessment, our management concluded that, as of September 24, 2024, the Company’s internal control over financial reporting was effective based on these criteria. Item 9A · disclosure controls · Conclusion Regarding the Effectiveness of Disclosure Controls and Procedures: Based on an evaluation of the Company’s disclosure controls and procedures (as defined in Rules 13a-15(e) and 15d-15(e) of the Exchange Act), the Company’s Chief Executive Officer (its principal executive officer) and Senior Vice President of Finance and Accounting (its principal financial officer) have concluded that the Company’s disclosure controls and procedures were effective as of the end of the period covered by this report. | ||||||
| 2023-09-26 | 2023-12-14 | in the notes | effective | effective | none in Item 9A | EDGAR |
Item 3 · For a discussion of material legal proceedings affecting the Company, see Note 5 to the audited Consolidated Financial Statements included in this report. Item 9A · ICFR · Based on this assessment, our management concluded that, as of September 26, 2023, the Company’s internal control over financial reporting was effective based on these criteria. Item 9A · disclosure controls · Conclusion Regarding the Effectiveness of Disclosure Controls and Procedures: Based on an evaluation of the Company’s disclosure controls and procedures (as defined in Rules 13a-15(e) and 15d-15(e) of the Exchange Act), the Company’s Chief Executive Officer (its principal executive officer and principal financial officer) has concluded that the Company’s disclosure controls and procedures were effective as of the end of the period covered by this report. | ||||||
| 2022-09-27 | 2022-12-15 | in the notes | effective | effective | none in Item 9A | EDGAR |
Item 3 · For a discussion of material legal proceedings affecting the Company, see note 5 to the audited consolidated financial statements included in this report. Item 9A · ICFR · Based on this assessment, our management concluded that, as of September 27, 2022, the Company’s internal control over financial reporting was effective based on these criteria. Item 9A · disclosure controls · Conclusion Regarding the Effectiveness of Disclosure Controls and Procedures: Based on an evaluation of the Company’s disclosure controls and procedures (as defined in Rules 13a-15(e) and 15d-15(e) of the Exchange Act), the Company’s Chief Executive Officer (its principal executive officer) and Senior Vice President of Finance (its principal financial officer) has concluded that the Company’s disclosure controls and procedures were effective as of the end of the period covered by this report. | ||||||
| 2021-09-28 | 2021-12-16 | described here | effective | effective | none in Item 9A | EDGAR |
Item 3 · As previously disclosed in the Company’s Form 10-K for the fiscal year ended September 29, 2020, the Company is the defendant in a lawsuit styled as White Winston Select Asset Funds, LLC and GT Acquisition Group, Inc. v. Good Times Restaurants, Inc., arising from the failed negotiations between plaintiffs and the Company for the sale of the Good Times Drive Thru subsidiary to plaintiffs. The lawsuit was initially filed on September 24, 2019 in Delaware Chancery Court, and Company removed the case to federal court in the US District Court for the District of Delaware on November 5, 2019. On July 30, 2021, the plaintiffs moved the Court for leave to amend their complaint and add new causes of action and a claim for $18 million in damages. On August 31, 2021, the Company’s retained damages expert submitted a report in response to the plaintiffs’ claims for damages. Good Times contends that the most reasonable estimation of damages is between $332,000 and $3.3 million. The estimate assumes a finding of liability in favor of the plaintiffs and their ability to satisfy the legal standards for proving damages. The Company views these events as not probable. On October 25, 2021, the Court… Item 9A · ICFR · Based on this assessment, our management concluded that, as of September 28, 2021, the Company’s internal control over financial reporting was effective based on these criteria. Item 9A · disclosure controls · Conclusion Regarding the Effectiveness of Disclosure Controls and Procedures: Based on an evaluation of the Company’s disclosure controls and procedures (as defined in Rules 13a-15(e) and 15d-15(e) of the Exchange Act), the Company’s Chief Executive Officer (its principal executive officer and principal financial officer) has concluded that the Company’s disclosure controls and procedures were effective as of the end of the period covered by this report. | ||||||
5 of 5 annual reports on record have their filing text cached on this host; the rest are listed with their EDGAR link and no extraction, because this surface never fetches from SEC on a page load.
- Item 3 and Item 9A are located in the filing HTML already cached on this host and read with the same line-anchored item matcher and largest-gap body disambiguation the filing-narrative pass uses for Item 1A and Item 7 — no fetch, no model, no summarization.
- A heading is accepted as a section only when it is not a table-of-contents row (a trailing page number), not a quoted reference in prose, and names its own section; the span must then clear a per-item length band and carry readable text after the heading. Anything that fails a gate is served as 'not extracted' with the reason — never as a default value.
- An effectiveness conclusion is read only from a sentence that names its own control set (disclosure controls and procedures, or internal control over financial reporting) and states an outcome. Conditional sentences — the standard limitations paragraph and forward-looking remediation language — are excluded, because they are hypotheses rather than conclusions.
- When a filing's own sentences disagree — an effective conclusion beside an unremediated material-weakness disclosure, or two conclusions of opposite sign — no verdict is asserted. A wrong 'controls were effective' reading is worse than no reading.
- Every verdict is shown beside the verbatim sentence it was read from. The excerpt is the filing's own words, capped at 1,200 characters; the filing itself is one link away.