GEN Restaurant Group Inc
For the period ended Mar 31, 2024. Filed May 14, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2024 · Filed May 14, 2024
GENK$1.42+11.8%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Changes in Permanent Equity (Deficit)
(unaudited)
Three months ended March 31, 2024 and March 31, 2023
| (in thousands) | Members' Equity(Deficit) | Non-ControllingInterest | Total |
|---|---|---|---|
| Balance, December 31, 2022 | $(10,011) | $3,250 | $(6,761) |
| Distributions | (3,059) | - | (3,059) |
| Net Income | 4,134 | 397 | 4,531 |
| Balance, March 31, 2023 | $(8,936) | $3,647 | $(5,289) |
| RedeemableClass BCommon · Class ACommon Stock · Class BCommon Stock · Additionalpaid-in · Retained · Non-Controlling · Stockholders'Equity/Members'equity | ||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| (in thousands) · Units · Shares · Amount · Shares · Amount · capital · Earnings · Interest · (deficit) | ||||||||||||||||||
| Balance, December 31, 2023 | $ | - | 4,140,000 | $4 | 28,141,566 | $28 | $7,112 | $322 | $28,552 | $36,018 | ||||||||
| Net income | 496 | 3,202 | 3,698 | |||||||||||||||
| Stock-based compensation | 759 | 759 | ||||||||||||||||
| Adjustment to tax liabilities and assets under TRA | (113) | (113) | ||||||||||||||||
| Shares issued upon RSU vesting | 117,304 | |||||||||||||||||
| Exchange of noncontrolling interest for Class A common stock | 254,654 | (254,654) | 258 | (258) | - | |||||||||||||
| Balance, March 31, 2024 | $ | - | 4,511,958 | $4 | 27,886,912 | $28 | $8,016 | $818 | $31,496 | $40,362 | ||||||||
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