0001140361-23-044691 | 10-K | XBRL Viewer | Rave Restaurant Group INC

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EMPLOYEE RETENTION CREDIT (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 25, 2023	Jun. 26, 2022
Employee Retention Credit [Abstract]
Other income for employee retention credit	$ 0	$ 704
Amount received from employee retention credit	600
Employee retention credit receivable	$ 100

ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

12 Months Ended

Jun. 25, 2023

ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES [Abstract]

Notes Receivable

The expected principal collections on notes receivable for the next two years are as follows as of June 25, 2023 (in thousands):

	Notes Receivable
2024	$	105
2025		28
	$	133

Revenues

Total revenues consist of the following (in thousands):

	Fiscal Year Ended
	June 25, 2023		June 26, 2022

Franchise royalties	$	4,978	$	4,543
Supplier and distributor incentive revenues		4,418		4,214
Franchise license fees		152		154
Area development exclusivity fees and foreign master license fees		18		19
Advertising funds contributions		1,943		1,412
Supplier convention funds		172		143
Rental income		186		186
Other		22		21
	$	11,889	$	10,692

ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES, Description of Business (Details)	12 Months Ended
	Jun. 25, 2023 Restaurant
Arkansas [Member]
Description of Business [Abstract]
Percentage of total number of domestic units	23.00%
Texas [Member]
Description of Business [Abstract]
Percentage of total number of domestic units	20.00%
North Carolina [Member]
Description of Business [Abstract]
Percentage of total number of domestic units	15.00%
Mississippi [Member]
Description of Business [Abstract]
Percentage of total number of domestic units	9.00%
Pizza Inn Restaurants [Member]
Description of Business [Abstract]
Number of restaurants franchised	152
Pizza Inn Restaurants [Member] \| US [Member]
Description of Business [Abstract]
Number of restaurants franchised	118
Pizza Inn Restaurants [Member] \| International [Member]
Description of Business [Abstract]
Number of restaurants franchised	34
Pie Five Units [Member]
Description of Business [Abstract]
Number of restaurants franchised	27
Pizza Inn Express [Member]
Description of Business [Abstract]
Number of restaurants franchised	5
Pizza Buffet Restaurants [Member] \| US [Member]
Description of Business [Abstract]
Number of restaurants franchised	77
Delivery/Carry-Out Restaurants [Member] \| US [Member]
Description of Business [Abstract]
Number of restaurants franchised	7
Express Restaurants [Member] \| US [Member]
Description of Business [Abstract]
Number of restaurants franchised	34

CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY - USD ($) $ in Thousands	Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings (Accumulated Deficit) [Member]	Treasury Stock [Member]	Total
Beginning balance at Jun. 27, 2021	$ 251	$ 37,215	$ (7,196)	$ (24,537)	$ 5,733
Beginning balance (in shares) at Jun. 27, 2021	25,090,000
Treasury stock (in shares) at Jun. 27, 2021				(7,085,000)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Stock compensation expense	$ 0	169	0	$ 0	169
Purchase of treasury stock	$ 0	0	0	$ (512)	(512)
Purchase of treasury stock (in shares)	0			(494,000)
Net income	$ 0	0	8,022	$ 0	8,022
Ending balance at Jun. 26, 2022	$ 251	37,384	826	$ (25,049)	$ 13,412
Ending balance (in shares) at Jun. 26, 2022	25,090,000				25,090,058
Treasury stock (in shares) at Jun. 26, 2022				(7,579,000)	(7,578,628)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Stock compensation expense	$ 0	345	0	$ 0	$ 345
Purchase of treasury stock	$ 0	0	0	$ (4,979)	(4,979)
Purchase of treasury stock (in shares)	0			(3,357,000)
Net income	$ 0	0	1,613	$ 0	1,613
Ending balance at Jun. 25, 2023	$ 251	$ 37,729	$ 2,439	$ (30,028)	$ 10,391
Ending balance (in shares) at Jun. 25, 2023	25,090,000				25,090,058
Treasury stock (in shares) at Jun. 25, 2023				(10,936,000)	(10,935,605)

- Definition

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

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- Definition

Amount of equity (deficit) attributable to parent. Excludes temporary equity and equity attributable to noncontrolling interest.

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+ Details

STOCK BASED COMPENSATION PLANS, Weighted Average Assumptions (Details) - Stock Options [Member] - USD ($) $ in Thousands	12 Months Ended
	Jun. 25, 2023	Jun. 26, 2022	Jun. 27, 2023
Share-Based Compensation Arrangement by Share-Based Payment Award, Fair Value Assumptions and Methodology [Abstract]
Expected life (in years)	5 years 6 months
Expected volatility	79.60%
Risk-free interest rate	2.90%
Expected forfeiture rate	48.80%
Share-Based Payment Arrangement, Additional Disclosure [Abstract]
Stock options vested (in shares)	111,750
Stock compensation expense	$ 15	$ 0
Stock options unvested (in shares)	40,000
Stock options vested or expected to vest (in shares)			40,000
Unamortized stock-based compensation expense	$ 0

ACCRUED EXPENSES

12 Months Ended

Jun. 25, 2023

ACCRUED EXPENSES [Abstract]

ACCRUED EXPENSES

NOTE C - ACCRUED EXPENSES:

Accrued expenses consist of the following (in thousands):

	June 25, 2023		June 26, 2022
Compensation	$	776	$	875
Other		21		118
Professional fees		93		89
	$	890	$	1,082

SEGMENT REPORTING (Tables)

12 Months Ended

Jun. 25, 2023

SEGMENT REPORTING [Abstract]

Segment Reporting Information

Summarized in the following tables are net operating revenues, depreciation and amortization expense, and income before taxes for the Company’s reportable segments as of and for the fiscal years ended June 25, 2023 and June 26, 2022 (in thousands):

	Fiscal Year Ended
	June 25, 2023			June 26, 2022
Net sales and operating revenues:
Pizza Inn Franchising	$	9,810		$	8,535
Pie Five Franchising		1,893			1,967
Company-Owned Restaurants		—			—
Corporate administration and other		186			190
Consolidated revenues	$	11,889		$	10,692

Depreciation and amortization:
Pizza Inn Franchising	$	—		$	—
Pie Five Franchising		—			—
Company-Owned Restaurants		—			—
Combined		—			—
Corporate administration and other		214			187
Depreciation and amortization	$	214		$	187

Income before taxes:
Pizza Inn Franchising	$	6,751		$	6,222
Pie Five Franchising		996			996
Company-Owned Restaurants		—			(3	)
Combined		7,747			7,215
Corporate administration and other		(5,597	)		(4,850	)
Income before taxes	$	2,150		$	2,365

Revenue by Geographic Areas

The following table provides information on our foreign and domestic revenues:

Geographic information (revenues):
United States	$	11,627	$	10,399
Foreign countries		262		293
Consolidated total	$	11,889	$	10,692

INCOME TAXES

12 Months Ended

Jun. 25, 2023

INCOME TAXES [Abstract]

INCOME TAXES

NOTE F - INCOME TAXES:

Provision for income taxes from continuing operations consists of the following (in thousands):

	Fiscal Year Ended
	June 25, 2023			June 26, 2022
Current - Federal	$	—		$	—
Current - State		(107	)		(115	)
Deferred - Federal		(394	)		5,537
Deferred - State		(36	)		235
Provision for income taxes	$	(537	)	$	5,657

The effective income tax rate varied from the statutory rate for the fiscal years ended June 25, 2023 and June 26, 2022 as reflected below (in thousands):

	June 25, 2023			June 26, 2022
Federal income taxes based on a statutory rate of 21%	$	(452	)	$	(496	)
State income taxes (net of federal benefit)		(119	)		127
Permanent adjustments		(7	)		—
Return to provision		49			—
Change in valuation allowance		—			6,052
Other		(8	)		(26	)
Provision for income taxes	$	(537	)	$	5,657

The tax effects of temporary differences that give rise to the net deferred tax assets consisted of the following (in thousands):

	June 25, 2023		June 26, 2022
Allowance for bad debt	$	13	$	6
Deferred fees		49		45
Other reserves and accruals		619		652
Operating lease liabilities		330		444
Credit carryforwards		156		156
Net operating loss carryforwards		4,521		4,987
Total gross deferred tax asset		5,688		6,290
Valuation allowance		—		—
Total deferred tax assets	$	5,688	$	6,290

Right-of-use asset		(285	)		(387	)
Other deferred tax liabilities		(61	)		(131	)
Total deferred tax liabilities	$	(346	)	$	(518	)

Net deferred tax asset

5,342

5,772

For the year ended June 25, 2023, the Company recorded an income tax expense of $0.5 million. The federal and state tax expense was $0.4 million and $0.1 million, respectively. The Company utilized net operating losses to offset federal taxes. As of June 25, 2023, the Company had federal net operating loss carryforwards totaling $21 million that are available to reduce future taxable income and will begin to expire in 2035. For the year ended June 26, 2022, the Company recorded an income tax benefit of $5.7 million including federal deferred tax benefit of $5.5 million and current/deferred state tax benefit of $0.2 million. As of June 26, 2022, the Company had net operating loss carryforwards totaling $23.1 million that are available to reduce future taxable income and will begin to expire in 2032, of which $1.8 million are limited to 80% and do not expire. Under the Tax Cuts and Jobs Act, approximately $1.4 million of the loss carryforwards are limited to 80% and do not expire. Tax years that remain subject to examination by the IRS are the years ended June 28, 2020 through June 26, 2022. Tax years that remain subject to examination by state authorities are the years ended June 30, 2019 through June 26, 2022.

The Company continually reviews the realizability of its deferred tax assets, including an analysis of factors such as future taxable income, reversal of existing taxable temporary differences, and tax planning strategies. In assessing the need for the valuation allowance, the Company considers both positive and negative evidence related to the likelihood of realization of deferred tax assets. Future sources of taxable income are also considered in determining the amount of the recorded valuation allowance. Based on this analysis, the Company reversed the full amount of the established valuation allowance as of June 26, 2022.

There are no uncertain tax positions. Management’s position is that all relevant requirements are met and necessary returns have been filed, and therefore the tax positions taken on the tax returns would be sustained upon examination.

- Definition

The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480990/946-20-50-13

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(h)(2))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480678/235-10-S99-1

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org//740/tableOfContent

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 14
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482685/740-10-50-14

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 21
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482685/740-10-50-21

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 270
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482526/740-270-50-1

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 17
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482685/740-10-50-17

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SAB TOPIC 6.I.5.Q1)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479360/740-10-S99-1

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 2
-Subparagraph (SAB Topic 11.C)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479360/740-10-S99-2

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 30
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482603/740-30-50-2

+ Details

LEASES

12 Months Ended

Jun. 25, 2023

LEASES [Abstract]

LEASES

NOTE G - LEASES:

The Company leases its 19,576 square foot corporate office facility with average annual lease payments of approximately $18.00 per square foot. This lease began on January 2, 2017 and has a ten-year term. The Company amended its lease agreement in June 2020 and has elected to defer one-half of the monthly base rent for the period from June 2020 through May 2021.

The Company determines if an arrangement is a lease at inception of the arrangement. To the extent that it can be determined that an arrangement represents a lease, it is classified as either an operating lease or a finance lease. The Company does not currently have any finance leases. The Company capitalizes operating leases on the Consolidated Balance Sheets through a right of use asset and a corresponding lease liability. Right of use assets represent the Company’s right to use an underlying asset for the lease term and lease liabilities represent the Company’s obligation to make lease payments arising from the lease. Short-term leases that have an initial term of one year or less are not capitalized. The Company does not presently have any short-term leases.

Operating lease right of use assets and liabilities are recognized at the commencement date of an arrangement based on the present value of lease payments over the lease term. In addition to the present value of lease payments, the operating lease right of use asset also includes any lease payments made to the lessor prior to lease commencement less any lease incentives and initial direct costs incurred. Lease expense for operating lease payments is recognized on a straight-line basis over the lease term.

Nature of Leases

The Company leases certain office space, restaurant space, and information technology equipment under non-cancelable leases to support its operations. A more detailed description of significant lease types is included below.

Office Agreements

The Company rents office space from third parties for its corporate location. Office agreements are typically structured with non-cancelable terms of one to 10 years. The Company has concluded that its office agreements represent operating leases with a lease term that equals the primary non-cancelable contract term. Upon completion of the primary term, both parties have substantive rights to terminate the lease. As a result, enforceable rights and obligations do not exist under the rental agreements subsequent to the primary term.

Restaurant Space Agreements

The Company rents restaurant space from third parties for its Company-owned restaurants. Restaurant space agreements are typically structured with non-cancelable terms of one to 10 years. The Company has concluded that its restaurant agreements represent operating leases with a lease term that equals the primary non-cancelable contract term. Upon completion of the primary term, both parties have substantive rights to terminate the lease. As a result, enforceable rights and obligations do not exist under the rental agreements subsequent to the primary term.

The Company also subleases some of its restaurant space to third parties. The Company’s two subleases have terms that end in 2023 and 2025. The sublease agreements are noncancelable through the end of the term and both parties have substantive rights to terminate the lease when the term is complete. Sublease agreements are not capitalized and are recorded as rental income in the period that rent is received.

As of June 25, 2023 and June 26, 2022, the Company had no Company-owned restaurants.

Information Technology Equipment

The Company rents information technology equipment, primarily printers and copiers, from a third party for its corporate office location. Information technology equipment agreements are typically structured with non-cancelable terms of one to five years. The Company has concluded that its information technology equipment commitments are operating leases.

Discount Rate

Leases typically do not provide an implicit interest rate. Accordingly, the Company is required to use its incremental borrowing rate in determining the present value of lease payments based on the information available at the lease commencement date. The Company’s incremental borrowing rate reflects the estimated rate of interest that it would pay to borrow on a collateralized basis over a similar term for an amount equal to the lease payments in a similar economic environment. The Company uses the implicit rate in the limited circumstances in which that rate is readily determinable.

Lease Guarantees

The Company has guaranteed the financial responsibilities of certain franchised store leases. These guaranteed leases are not considered operating leases because the Company does not have the right to control the underlying asset. If the franchisee abandons the lease and fails to meet the lease’s financial obligations, the lessor may assign the lease to the Company for the remainder of the term. If the Company does not expect to assign the abandoned lease to a new franchisee within 12 months, the lease will be considered an operating lease and a right-of-use asset and lease liability will be recognized.

Future minimum rental payments for guaranteed leases with initial or remaining terms of one year or more at June 25, 2023 were as follows (in thousands):

	Guaranteed Leases
2024	$	333
2025		252
2026		108
2027		87
2028		87
Thereafter		—
	$	867

Practical Expedients and Accounting Policy Elections

Certain lease agreements include lease and non-lease components. For all existing asset classes with multiple component types, the Company has utilized the practical expedient that exempts it from separating lease components from non-lease components. Accordingly, the Company accounts for the lease and non-lease components in an arrangement as a single lease component.

In addition, for all existing asset classes, the Company has made an accounting policy election not to apply the lease recognition requirements to short-term leases (that is, a lease that, at commencement, has a lease term of 12 months or less and does not include an option to purchase the underlying asset that the Company is reasonably certain to exercise). Accordingly, we recognize lease payments related to our short-term leases in our income statements on a straight-line basis over the lease term which has not changed from our prior recognition. To the extent that there are variable lease payments, we recognize those payments in our income statements in the period in which the obligation for those payments is incurred.

The components of total lease expense for the fiscal years ended June 25, 2023 and June 26, 2022, the majority of which is included in general and administrative expense in the accompanying Consolidated Statements of Income, are as follows (in thousands):

	Fiscal Year Ended June 25, 2023			Fiscal Year Ended June 26, 2022
Operating lease cost	$	494		$	498
Sublease income		(186	)		(186	)
Total lease expense, net of sublease income	$	308		$	312

Supplemental cash flow information related to operating leases is included in the table below (in thousands):

		Fiscal Year Ended June 25, 2023				Fiscal Year Ended June 26, 2022
Cash paid for amounts included in the measurement of lease liabilities		$	558			$	551

Supplemental balance sheet information related to operating leases is included in the table below (in thousands):

	Fiscal Year Ended June 25, 2023		Fiscal Year Ended June 26, 2022
Operating lease right of use asset, net	$	1,227	$	1,664
Operating lease liabilities, current		463		490
Operating lease liabilities, net of current portion		958		1,421

Weighted average remaining lease term and weighted average discount rate for operating leases are as follows:

	Fiscal Year Ended June 25, 2023			Fiscal Year Ended June 26, 2022
Weighted average remaining lease term	2.1 Years				3.1 Years
Weighted average discount rate		4.0	%		4.0	%

Operating lease liabilities with enforceable contract terms that are greater than one year mature as follows (in thousands):

	Operating Leases
2024	$	511
2025		433
2026		382
2027		191
2028		—
Thereafter		—
Total operating lease payments	$	1,517
Less: imputed interest	$	(96	)
Total operating lease liability	$	1,421

Premises previously occupied by Company-owned restaurants were leased for initial terms of five to ten years, and each has multiple renewal terms. Certain lease agreements contain either a provision requiring additional rent if sales exceed specified amounts or an escalation clause based upon a predetermined multiple.

Future minimum sublease rental income under active non-cancelable leases with initial or remaining terms of one year or more at June 25, 2023 were as follows (in thousands):

	Sublease Rental Income
2024	$	128
2025		53
	$	181

Rental expense consisted of the following (in thousands):

	Fiscal Year Ended
	June 25, 2023			June 26, 2022
Minimum rentals	$	494		$	498
Sublease rentals		(186	)		(186	)
	$	308		$	312

STOCK BASED COMPENSATION PLANS, Summary of Stock Options (Details) - Stock Options [Member] - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Jun. 25, 2023	Jun. 26, 2022
Shares [Roll Forward]
Outstanding at beginning of year (in shares)	111,750	166,750
Granted (in shares)	40,000	0
Exercised (in shares)	0	0
Forfeited/Canceled/Expired (in shares)	0	(55,000)
Outstanding at end of period (in shares)	151,750	111,750
Exercisable at end of period (in shares)	111,750	111,750
Weighted Average Exercise Price [Roll Forward]
Outstanding at beginning of year (in dollars per share)	$ 6.67	$ 5.49
Granted (in dollars per share)	1.06	0
Exercised (in dollars per share)	0	0
Forfeited/Canceled/Expired (in dollars per share)	0	3.11
Outstanding at end of period (in dollars per share)	5.19	6.67
Exercisable at end of year (in dollars per share)	$ 6.67	$ 6.67
Intrinsic value of options outstanding	$ 33

CONVERTIBLE NOTES (Details) - 4% Convertible Senior Notes due 2022 [Member]		12 Months Ended
	Mar. 03, 2017 USD ($) Note	Jun. 25, 2023 USD ($) Subsidary	Jun. 26, 2022 USD ($)
Convertible Notes [Abstract]
Interest on convertible notes	4.00%	4.00%
Shareholders exercised subscription rights \| Note	30,000
Par value of shares exercised per note	$ 100
Proceeds from issuance of convertible notes	$ 3,000,000
Number of direct operating subsidiaries \| Subsidary		2
Notes converted to common shares			$ 0
Maturity date of notes		Feb. 15, 2022
Notes outstanding		$ 0	$ 0

ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

12 Months Ended

Jun. 25, 2023

ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES [Abstract]

ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

NOTE A - ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES:

Description of Business:

Rave Restaurant Group, Inc., and its subsidiaries (collectively referred to as the “Company”, or in the first person notations of “we”, “us” and “our”) franchise pizza buffet, delivery/carry-out and express restaurants domestically and internationally under the trademark “Pizza Inn” and franchise domestic fast casual restaurants under the trademarks “Pie Five Pizza Company” or “Pie Five”. The Company also licenses pizza kiosks under the “Pizza Inn” trademark. We facilitate the procurement and distribution of food, equipment and supplies to our domestic and international system of restaurants through agreements with third party distributors.

As of June 25, 2023, we had 152 franchised Pizza Inn restaurants, 27 franchised Pie Five Units, and 5 licensed Pizza Inn Express, or PIE, kiosks (“PIE Units”). The 118 domestic franchised Pizza Inn restaurants were comprised of 77 pizza buffet restaurants (“Buffet Units”), 7 delivery/carry-out restaurants (“Delco Units”), and 34 express restaurants (“Express Units”). As of June 25, 2023, there were 34 international franchised Pizza Inn restaurants. Domestic Pizza Inn restaurants and kiosks were located predominantly in the southern half of the United States, with Arkansas, Texas, North Carolina and Mississippi accounting for approximately 23%, 20%, 15% and 9%, respectively, of the total number of domestic units.

Principles of Consolidation:

The consolidated financial statements include the accounts of Rave Restaurant Group, Inc. and its subsidiaries, all of which are wholly owned. All appropriate inter-company balances and transactions have been eliminated.

Cash and Cash Equivalents:

The Company considers all highly liquid investments purchased with an original maturity of three months or less to be cash equivalents.

Concentration of Credit Risk:

Financial instruments, which potentially subject the Company to concentrations of credit risk, consist primarily of cash and cash equivalents. Balances in accounts are insured up to Federal Deposit Insurance Corporation (“FDIC”) limits of $250 thousand per institution. At June 25, 2023 and June 26, 2022, the Company had cash balances in excess of FDIC insurance coverage of approximately $5.1 million and $7.5 million, respectively. We do not believe we are exposed to any significant credit risk on cash and cash equivalents.

Notes receivable, which potentially subject the Company to concentrations of credit risk, consist primarily of promissory notes from franchise agreements and structured Company-financed sales of assets. At June 25, 2023 and June 26, 2022, and at various times during the fiscal years then ended, the Company had concentrations of credit risk with three franchisees on notes receivables with both short and long term maturities. As of June 25, 2023, the Company had zero short term notes receivable and three long term notes receivable with three franchisees. The financed asset sales were executed with a weighted average interest rate of 0.0%. Principal payments are due monthly and mature from September 1, 2024 to January 1, 2027.

Property and Equipment:

Property and equipment are stated at cost less accumulated depreciation and amortization. Repairs and maintenance are charged to operations as incurred while major renewals and betterments are capitalized. Upon the sale or disposition of any property or equipment, the asset and the related accumulated depreciation or amortization are removed from the accounts and the gain or loss is included in operations. The Company capitalizes interest on borrowings during the active construction period of major capital projects. Capitalized interest is added to the cost of the underlying asset and amortized over the estimated useful life of the asset.

Depreciation and amortization are computed on the straight-line method over the estimated useful lives of the assets or, in the case of leasehold improvements, over the term of the lease including any reasonably assured renewal periods, if shorter. The useful lives of the assets range from three to ten years.

Impairment of Long-Lived Asset and other Lease Charges:

The Company reviews long-lived assets for impairment when events or circumstances indicate that the carrying value of such assets may not be fully recoverable. Impairment is evaluated based on the sum of undiscounted estimated future cash flows expected to result from use and eventual disposition of the assets compared to their carrying value. If impairment is recognized, the carrying value of an impaired asset is reduced to its fair value, based on discounted estimated future cash flows. The Company recognized, pre-tax, non-cash impairment charges of $5 thousand and $6 thousand during fiscal 2023 and 2022, respectively. The Company had $0.2 million in sublease income during fiscal 2023 and 2022.

Accounts Receivable:

Accounts receivable consist primarily of receivables generated from franchise royalties and supplier concessions. The Company records an allowance for bad debts to allow for any amounts that may be unrecoverable based upon an analysis of the Company’s prior collection experience, customer creditworthiness and current economic trends. After all attempts to collect a receivable have failed, the receivable is written off against the allowance. Finance charges may be accrued at a rate of 18% per year, or up to the maximum amount allowed by law, on past due receivables. The interest income recorded from finance charges is immaterial.

Bad Debt Expense:

The Company monitors franchisee receivable balances and adjusts credit terms when necessary to minimize the Company’s exposure to high risk accounts receivable. Bad debt expense increased by $27 thousand to $73 thousand in fiscal 2023 compared to $46 thousand in fiscal 2022 primarily related to collectability concerns on international accounts receivable.

Notes Receivable:

Notes receivable primarily consist of promissory notes arising from franchisee agreements and structured Company-financed sales of assets. The majority of amounts and terms are evidenced by formal promissory notes and personal guarantees. All notes allow for early payment without penalty. Fixed principal payments are due monthly. Notes receivable mature at various dates through 2025 and bore interest at a weighted average rate of 0.0% at June 25, 2023.

Management evaluates the creditworthiness of franchisees by considering credit history and sales to evaluate credit risk. Management determines interest rates based on credit risk of the underlining franchisee. The Company monitors payment history to determine whether or not a loan should be placed on a nonaccrual status or impaired. The Company charges off notes receivable based on an account-by-account analysis of the borrower’s current economic conditions, monthly payments history and historical loss experience. The allowance for doubtful notes receivable is netted within notes receivable.

The expected principal collections on notes receivable for the next two years are as follows as of June 25, 2023 (in thousands):

	Notes Receivable
2024	$	105
2025		28
	$	133

Income Taxes:

Income taxes are accounted for using the asset and liability method pursuant to the authoritative guidance on Accounting for Income Taxes. Deferred taxes are recognized for the tax consequences of “temporary differences” by applying enacted statutory tax rates applicable to future years to differences between the financial statement and carrying amounts and the tax bases of existing assets and liabilities. The effect on deferred taxes for a change in tax rates is recognized in income in the period that includes the enactment date. The Company recognizes future tax benefits to the extent that realization of such benefits is more likely than not.

Under ASC 740, we recognize the tax benefit from an uncertain tax position only if it is more likely than not that the tax position will be sustained on examination by the taxing authorities, based on the technical merits of the position. The tax benefits recognized in the financial statements from such a position are measured based on the largest benefit that has a greater than 50% likelihood of being realized upon ultimate resolution. From time to time, the Company may be assessed interest and penalties by taxing authorities. In those cases, the charges are recorded as income tax expense, as incurred, in the Consolidated Statements of Income.

Revenue Recognition:

Revenue is measured based on consideration specified in contracts with customers and excludes incentives and amounts collected on behalf of third parties, primarily sales tax. The Company recognizes revenue when it satisfies a performance obligation by transferring control over a product or service to a customer. Taxes assessed by a governmental authority that are both imposed on and concurrent with a specific revenue-producing transaction, that are collected by the Company from a customer, are excluded from revenue.

The following describes principal activities, separated by major product or service, from which the Company generates its revenues:

Franchise Revenues

Franchise revenues consist of 1) franchise royalties, 2) supplier and distributor incentive revenues, 3) franchise license fees, 4) area development exclusivity fees and foreign master license fees, 5) advertising funds, and 6) supplier convention funds.

Franchise royalties, which are based on a percentage of franchise restaurant sales, are recognized as sales occur.

Supplier and distributor incentive revenues are recognized when title to the underlying commodities transfer.

Franchise license fees are typically billed upon execution of the franchise agreement and amortized over the term of the franchise agreement, which typically range from five to 20 years. Fees received for renewal periods are amortized over the life of the renewal period.

Area development exclusivity fees and foreign master license fees are typically billed upon execution of the area development and foreign master license agreements. Area development exclusivity fees are included in deferred revenue in the accompanying Consolidated Balance Sheets and allocated on a pro rata basis to all stores opened under that specific development agreement as the stores are opened. Area development exclusivity fees that include rights to sub-franchise are amortized as revenue over the term of the contract.

Advertising fund contributions for Pizza Inn and Pie Five units represent contributions collected where we have control over the activities of the fund. Contributions are based on a percentage of net retail sales. We have determined that we are the principal in these arrangements, and advertising fund contributions and expenditures are, therefore, reported on a gross basis in the Consolidated Statements of Income. In general, we expect such advertising fund contributions and expenditures to be largely offsetting and, therefore, do not expect a significant impact on our reported income before income taxes. Our obligation related to these funds is to develop and conduct advertising activities. Pizza Inn and Pie Five marketing fund contributions are billed and collected weekly or monthly.

Supplier convention funds are deferred until the obligations of the agreement are met and the event takes place.

Rental income is income from our subleasing of some of our restaurant space to third parties.

Total revenues consist of the following (in thousands):

	Fiscal Year Ended
	June 25, 2023		June 26, 2022

Franchise royalties	$	4,978	$	4,543
Supplier and distributor incentive revenues		4,418		4,214
Franchise license fees		152		154
Area development exclusivity fees and foreign master license fees		18		19
Advertising funds contributions		1,943		1,412
Supplier convention funds		172		143
Rental income		186		186
Other		22		21
	$	11,889	$	10,692

The opening balance of accounts receivable on June 28, 2021 was $0.9 million. The opening balance of deferred revenues on June 28, 2021 was $1.8 million. Revenue recognized in fiscal 2023 that was in the deferred revenue balance at June 26, 2022 was $0.6 million.

Stock-Based Compensation:

The Company accounts for stock options using the fair value recognition provisions of the authoritative guidance on share-based payments. The Company uses the Black-Scholes formula to estimate the value of stock-based compensation for options granted to employees and directors and expects to continue to use this acceptable option valuation model in the future. The authoritative guidance also requires the benefits of tax deductions in excess of recognized compensation cost to be reported as a financing cash flow.

Restricted stock units (“RSUs”) represent the right to receive shares of common stock upon the satisfaction of vesting requirements, performance criteria and other terms and conditions. Compensation cost for RSUs is measured as an amount equal to the fair value of the RSUs on the date of grant and is expensed over the vesting period if achievement of the performance criteria is deemed probable, with the amount of the expense recognized based on the best estimate of the ultimate achievement level.

Fair Value of Financial Instruments:

The carrying amounts of accounts receivable and accounts payable approximate fair value because of the short maturity of these instruments.

Contingencies:

Provisions for legal settlements are accrued when payment is considered probable and the amount of loss is reasonably estimable in accordance with the authoritative guidance on Accounting for Contingencies. If the best estimate of cost can only be identified within a range and no specific amount within that range can be determined more likely than any other amount within the range, and the loss is considered probable, the minimum of the range is accrued. Legal and related professional services costs to defend litigation are expensed as incurred.

Use of Management Estimates:

The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires the Company’s management to make estimates and assumptions that affect its reported amounts of assets, liabilities, revenues, expenses and related disclosure of contingent liabilities. The Company bases its estimates on historical experience and other various assumptions that it believes are reasonable under the circumstances. Estimates and assumptions are reviewed periodically. Actual results could differ materially from estimates.

Fiscal Year:

The Company’s fiscal year ends on the last Sunday in June. The fiscal years ended June 25, 2023 and June 26, 2022 each contained 52 weeks.

EARNINGS PER SHARE

12 Months Ended

Jun. 25, 2023

EARNINGS PER SHARE [Abstract]

EARNINGS PER SHARE

NOTE L - EARNINGS PER SHARE:

The Company computes and presents earnings per share (“EPS”) in accordance with ASC 260 Earnings Per Share. Basic EPS excludes the effect of potentially dilutive securities while diluted EPS reflects the potential dilution that would occur if securities or other contracts to issue common stock were exercised, converted or resulted in the issuance of common stock that then shared in the earnings of the Company.

The following table shows the reconciliation of the numerator and denominator of the basic EPS calculation to the numerator and denominator of the diluted EPS calculation (in thousands, except per share amounts).

	Fiscal Year Ended
	June 25, 2023		June 26, 2022
Net income available to common shareholders	$	1,613	$	8,022
Interest saved on convertible notes at 4%	$	—	$	40
Adjusted net income	$	1,613	$	8,062

BASIC:
Weighted average common shares		15,323		17,993

Net income per common share	$	0.11	$	0.45

DILUTED:
Weighted average common shares		15,323		17,993
Dilutive restricted stock units		588		—
Dilutive stock options		—		—
Weighted average common shares outstanding		15,911		17,993

Income from continuing operations per common share	$	0.10	$	0.45

We had 151,750 and 111,750 shares of common stock potentially issuable upon exercise of employee stock options for years ended June 25, 2023 and June 26, 2022, respectively, which were excluded from the weighted average number of shares outstanding on a diluted basis because they had an intrinsic value of zero. These options expire at varying times from fiscal 2024 through fiscal 2032. We had 271,825 and 859,501 restricted stock units for years ended June 25, 2023 and June 26, 2022, respectively, which were excluded from the weighted average number of shares outstanding on a diluted basis because the performance criteria had not been met and vesting was not probable.

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Jun. 25, 2023	Jun. 26, 2022
CURRENT ASSETS
Cash and cash equivalents	$ 5,328	$ 7,723
Accounts receivable, less allowance for bad debts of $58 and $27, respectively	1,145	1,981
Notes receivable, current	105	172
Property held for sale	19	0
Deferred contract charges, current	33	36
Prepaid expenses and other current assets	204	146
Total current assets	6,834	10,058
LONG-TERM ASSETS
Property and equipment, net	258	365
Operating lease right of use asset, net	1,227	1,664
Intangible assets definite-lived, net	328	232
Notes receivable, net of current portion	28	201
Deferred tax asset, net	5,342	5,772
Deferred contract charges, net of current portion	220	224
Total assets	14,237	18,516
CURRENT LIABILITIES
Accounts payable - trade	502	669
Accrued expenses	890	1,082
Other current liabilities	1	81
Operating lease liability, current	463	490
Short term loan	0	30
Deferred revenues, current	342	538
Total current liabilities	2,198	2,890
LONG-TERM LIABILITIES
Operating lease liability, net of current portion	958	1,421
Deferred revenues, net of current portion	690	793
Total liabilities	3,846	5,104
COMMITMENTS AND CONTINGENCIES (SEE NOTE K)
SHAREHOLDERS' EQUITY
Common stock, $0.01 par value; authorized 26,000,000 shares; issued 25,090,058 and 25,090,058 shares, respectively; outstanding 14,154,453 and 17,511,430 shares, respectively	251	251
Additional paid-in capital	37,729	37,384
Retained earnings	2,439	826
Treasury stock at cost Shares in treasury: 10,935,605 and 7,578,628 respectively	(30,028)	(25,049)
Total shareholders' equity	10,391	13,412
Total liabilities and shareholders' equity	$ 14,237	$ 18,516

ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES, Accounts Receivable (Details)	12 Months Ended
	Jun. 25, 2023
ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES [Abstract]
Finance charges rate	18.00%

INCOME TAXES (Tables)

12 Months Ended

Jun. 25, 2023

INCOME TAXES [Abstract]

Provision for Income Taxes

Provision for income taxes from continuing operations consists of the following (in thousands):

	Fiscal Year Ended
	June 25, 2023			June 26, 2022
Current - Federal	$	—		$	—
Current - State		(107	)		(115	)
Deferred - Federal		(394	)		5,537
Deferred - State		(36	)		235
Provision for income taxes	$	(537	)	$	5,657

Effective Income Tax Rate Reconciliation

The effective income tax rate varied from the statutory rate for the fiscal years ended June 25, 2023 and June 26, 2022 as reflected below (in thousands):

	June 25, 2023			June 26, 2022
Federal income taxes based on a statutory rate of 21%	$	(452	)	$	(496	)
State income taxes (net of federal benefit)		(119	)		127
Permanent adjustments		(7	)		—
Return to provision		49			—
Change in valuation allowance		—			6,052
Other		(8	)		(26	)
Provision for income taxes	$	(537	)	$	5,657

Deferred Tax Assets

The tax effects of temporary differences that give rise to the net deferred tax assets consisted of the following (in thousands):

	June 25, 2023		June 26, 2022
Allowance for bad debt	$	13	$	6
Deferred fees		49		45
Other reserves and accruals		619		652
Operating lease liabilities		330		444
Credit carryforwards		156		156
Net operating loss carryforwards		4,521		4,987
Total gross deferred tax asset		5,688		6,290
Valuation allowance		—		—
Total deferred tax assets	$	5,688	$	6,290

Right-of-use asset		(285	)		(387	)
Other deferred tax liabilities		(61	)		(131	)
Total deferred tax liabilities	$	(346	)	$	(518	)

Net deferred tax asset

5,342

5,772

SHAREHOLDERS' EQUITY	12 Months Ended
SHAREHOLDERS' EQUITY	Jun. 25, 2023
SHAREHOLDERS' EQUITY [Abstract]
SHAREHOLDERS' EQUITY	NOTE J - SHAREHOLDERS’ EQUITY: On April 22, 2009, the board of directors of the Company amended the stock repurchase plan first authorized on May 23, 2007, and previously amended on June 2, 2008, by increasing the aggregate number of shares of common stock the Company may repurchase under the plan to a total of 3,016,000 shares. On June 28, 2022, the Company’s board of directors again amended the stock repurchase plan to increase the number of shares of common stock the Company may repurchase by 5,000,000 shares to a total of 8,016,000 shares. During fiscal 2023, 3,356,977 shares were repurchased and, as of June 25, 2023, there were 1,997,974 shares available to be repurchased under the plan. Subsequent to fiscal 2023, the Company has not repurchased any additional outstanding shares of its common stock.

- Definition

The entire disclosure for equity.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481112/505-10-50-13

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Subparagraph (h)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481112/505-10-50-13

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 14
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481112/505-10-50-14

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 235
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481062/946-235-50-2

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 235
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481062/946-235-50-2

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 505
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481004/946-505-50-6

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 40
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480237/815-40-50-6

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.3-04)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480008/505-10-S99-1

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(e)(1))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480678/235-10-S99-1

Reference 10: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 505
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org//505/tableOfContent

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481112/505-10-50-13

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Subparagraph (g)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481112/505-10-50-13

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Subparagraph (i)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481112/505-10-50-13

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 14
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481112/505-10-50-14

Reference 15: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 14
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481112/505-10-50-14

Reference 16: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 16
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481112/505-10-50-16

Reference 17: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 18
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481112/505-10-50-18

Reference 18: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 18
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481112/505-10-50-18

Reference 19: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 18
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481112/505-10-50-18

+ Details

STOCK BASED COMPENSATION PLANS, Restricted Stock Units (Details) - Restricted Stock Units [Member] - USD ($) $ in Thousands	12 Months Ended
	Jun. 25, 2023	Jun. 26, 2022
Share-based Arrangement [Abstract]
Stock-based compensation expense recognized	$ 329	$ 169
Unamortized stock-based compensation expense	$ 212	$ 36
Summary of Restricted Stock Units [Roll forward]
Unvested Beginning Balance (in shares)	885,687	545,600
Granted (in shares)	0	362,500
Vested (in shares)	0	0
Forfeited (in shares)	0	(22,413)
Unvested Ending Balance (in shares)	885,687	885,687
Minimum [Member]
Information of Restricted Stock Units Award [Abstract]
Percentage of stock granted based on performance	50.00%
Maximum [Member]
Information of Restricted Stock Units Award [Abstract]
Percentage of stock granted based on performance	150.00%

STOCK BASED COMPENSATION PLANS, Stock Option Award Plan (Details) - shares	1 Months Ended	12 Months Ended
	Jun. 30, 2015	Jun. 25, 2023	Jun. 24, 2018	Jun. 02, 2015
2005 Employee Plan [Member]
Share-based Arrangements [Abstract]
Number of shares authorized (in shares)	1,000,000
2005 Directors Plan [Member]
Share-based Arrangements [Abstract]
Number of shares authorized (in shares)	650,000
Number of shares granted (in shares)	40,000
2005 Directors Plan [Member] \| Minimum [Member]
Share-based Arrangements [Abstract]
Vesting period		6 months
2005 Directors Plan [Member] \| Maximum [Member]
Share-based Arrangements [Abstract]
Vesting period		10 years
2015 LTIP [Member]
Share-based Arrangements [Abstract]
Number of shares authorized (in shares)				3,000,000
Number of shares granted (in shares)			40,000
Vesting period		6 months
Expiration period		10 years

PROPERTY AND EQUIPMENT AND INTANGIBLE ASSETS (Tables)

12 Months Ended

Jun. 25, 2023

PROPERTY AND EQUIPMENT AND INTANGIBLE ASSETS [Abstract]

Property and Equipment

Property and equipment consist of the following (in thousands):

	Estimated Useful Lives	June 25, 2023			June 26, 2022

Equipment, furniture and fixtures	3 - 7 yrs	$	1,114		$	1,080
Software	5 yrs		—			792
Leasehold improvements	10 yrs or lease term, if shorter		472			472
			1,586			2,344
Less: accumulated depreciation/amortization			(1,328	)		(1,979	)
		$	258		$	365

Intangible Assets

Intangible assets consist of the following (in thousands):

		June 25, 2023										June 26, 2022
	Estimated Useful Lives	Acquisition Cost			Accumulated Amortization				Net Value			Acquisition Cost			Accumulated Amortization				Net Value

Trademarks and tradenames	10 years		$	278		$	(248	)		$	30		$	279		$	(233	)		$	46
Name change	15 years			70			(39	)			31			70			(35	)			35
Prototypes	5 years			339			(72	)			267			170			(19	)			151
			$	687		$	(359	)		$	328		$	519		$	(287	)		$	232

CONSOLIDATED STATEMENTS OF INCOME - USD ($) shares in Thousands, $ in Thousands	12 Months Ended
	Jun. 25, 2023	Jun. 26, 2022
CONSOLIDATED STATEMENTS OF INCOME [Abstract]
REVENUES	$ 11,889	$ 10,692
COSTS AND EXPENSES:
Cost of sales	0	1
General and administrative expenses	5,490	5,446
Franchise expenses	3,956	3,284
Impairment of long-lived assets and other lease charges	5	6
Bad debt expense	73	46
Interest expense	1	61
Depreciation and amortization expense	214	187
Total costs and expenses	9,739	9,031
OTHER INCOME:
Employee retention credit	0	704
Total other income	0	704
INCOME BEFORE TAXES	2,150	2,365
Income tax (expense) benefit	(537)	5,657
NET INCOME	$ 1,613	$ 8,022
INCOME PER SHARE OF COMMON STOCK - BASIC: (in dollars per share)	$ 0.11	$ 0.45
INCOME PER SHARE OF COMMON STOCK - DILUTED: (in dollars per share)	$ 0.1	$ 0.45
Weighted average common shares outstanding - basic (in shares)	15,323	17,993
Weighted average common and potential dilutive common shares outstanding (in shares)	15,911	17,993

INCOME TAXES (Details) - USD ($) $ in Thousands	12 Months Ended
INCOME TAXES (Details) - USD ($) $ in Thousands	Jun. 25, 2023	Jun. 26, 2022
Provision for Income Taxes [Abstract]
Current - Federal	$ 0	$ 0
Current - State	(107)	(115)
Deferred - Federal	(394)	5,537
Deferred - State	(36)	235
Provision for income taxes	(537)	5,657
Effective Income Tax Rate [Abstract]
Federal income taxes based on a statutory rate of 21%	(452)	(496)
State income taxes (net of federal benefit)	(119)	127
Permanent adjustments	(7)	0
Return to provision	49	0
Change in valuation allowance	0	6,052
Other	(8)	(26)
Provision for income taxes	(537)	5,657
Net Deferred Tax Assets [Abstract]
Allowance for bad debt	13	6
Deferred fees	49	45
Other reserves and accruals	619	652
Operating lease liabilities	330	444
Credit carryforwards	156	156
Net operating loss carryforwards	4,521	4,987
Total gross deferred tax asset	5,688	6,290
Valuation allowance	0	0
Total deferred tax assets	5,688	6,290
Right-of-use asset	(285)	(387)
Other deferred tax liabilities	(61)	(131)
Total deferred tax liabilities	(346)	(518)
Net deferred tax asset	$ 5,342	$ 5,772
Federal statutory rate	21.00%	21.00%
Federal tax expense	$ 400
State tax expense	100
Net operating loss carryforwards	$ 21,000	$ 23,100
Current/deferred state tax benefit		$ 200
Operating loss carryforwards, expiry date	Dec. 31, 2035	Dec. 31, 2032
Amount of operating loss carryforwards limited with no expiration	$ 1,400	$ 1,800
Operating loss carryforward, percentage limitation on use	80.00%	80.00%
IRS [Member] \| Earliest Tax Year [Member]
Income Taxes [Abstract]
Open tax year	2020
IRS [Member] \| Latest Tax Year [Member]
Income Taxes [Abstract]
Open tax year	2022
State [Member] \| Earliest Tax Year [Member]
Income Taxes [Abstract]
Open tax year	2019
State [Member] \| Latest Tax Year [Member]
Income Taxes [Abstract]
Open tax year	2022

PROPERTY AND EQUIPMENT AND INTANGIBLE ASSETS, Property and Equipment (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 25, 2023	Jun. 26, 2022
Property and Equipment, Net, by Type [Abstract]
Property and equipment, gross	$ 1,586	$ 2,344
Less: accumulated depreciation/amortization	(1,328)	(1,979)
Property and equipment, net	258	365
Depreciation and amortization expense	$ 141	140
Minimum [Member]
Property and Equipment, Net, by Type [Abstract]
Estimated useful lives	3 years
Maximum [Member]
Property and Equipment, Net, by Type [Abstract]
Estimated useful lives	10 years
Equipment, Furniture and Fixtures [Member]
Property and Equipment, Net, by Type [Abstract]
Property and equipment, gross	$ 1,114	1,080
Equipment, Furniture and Fixtures [Member] \| Minimum [Member]
Property and Equipment, Net, by Type [Abstract]
Estimated useful lives	3 years
Equipment, Furniture and Fixtures [Member] \| Maximum [Member]
Property and Equipment, Net, by Type [Abstract]
Estimated useful lives	7 years
Software [Member]
Property and Equipment, Net, by Type [Abstract]
Estimated useful lives	5 years
Property and equipment, gross	$ 0	792
Leasehold Improvements [Member]
Property and Equipment, Net, by Type [Abstract]
Property, Plant, and Equipment, Useful Life, Term, Description [Extensible Enumeration]	us-gaap:UsefulLifeShorterOfTermOfLeaseOrAssetUtilityMember
Property and equipment, gross	$ 472	$ 472
Leasehold Improvements [Member] \| Maximum [Member]
Property and Equipment, Net, by Type [Abstract]
Estimated useful lives	10 years

PROPERTY AND EQUIPMENT AND INTANGIBLE ASSETS

12 Months Ended

Jun. 25, 2023

PROPERTY AND EQUIPMENT AND INTANGIBLE ASSETS [Abstract]

PROPERTY AND EQUIPMENT AND INTANGIBLE ASSETS

NOTE B - PROPERTY AND EQUIPMENT AND INTANGIBLE ASSETS:

Property and equipment consist of the following (in thousands):

	Estimated Useful Lives	June 25, 2023			June 26, 2022

Equipment, furniture and fixtures	3 - 7 yrs	$	1,114		$	1,080
Software	5 yrs		—			792
Leasehold improvements	10 yrs or lease term, if shorter		472			472
			1,586			2,344
Less: accumulated depreciation/amortization			(1,328	)		(1,979	)
		$	258		$	365

Depreciation and amortization expense for property and equipment was approximately $141 thousand and $140 thousand for the fiscal years ended June 25, 2023 and June 26, 2022, respectively.

Intangible assets consist of the following (in thousands):

		June 25, 2023										June 26, 2022
	Estimated Useful Lives	Acquisition Cost			Accumulated Amortization				Net Value			Acquisition Cost			Accumulated Amortization				Net Value

Trademarks and tradenames	10 years		$	278		$	(248	)		$	30		$	279		$	(233	)		$	46
Name change	15 years			70			(39	)			31			70			(35	)			35
Prototypes	5 years			339			(72	)			267			170			(19	)			151
			$	687		$	(359	)		$	328		$	519		$	(287	)		$	232

Amortization expense for intangible assets was approximately $73 thousand and $47 thousand for the fiscal years ended June 25, 2023 and June 26, 2022, respectively.

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	12 Months Ended
	Jun. 25, 2023	Jun. 26, 2022
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income	$ 1,613	$ 8,022
Adjustments to reconcile net income to cash provided by operating activities:
Impairment of long-lived assets and other lease charges	5	6
Stock-based compensation expense	345	169
Depreciation and amortization	141	140
Amortization of operating right of use assets	437	421
Amortization of intangible assets definite-lived	73	47
Amortization of debt issue costs	0	21
Allowance for bad debts	73	46
Deferred income tax	430	(5,772)
Changes in operating assets and liabilities:
Accounts receivable	763	(1,116)
Notes receivable	28	80
Deferred contract charges	7	(18)
Prepaid expenses and other	(58)	50
Accounts payable - trade	(167)	25
Accrued expenses	(272)	158
Other current liabilities	0	35
Operating lease liability	(490)	(465)
Deferred revenues	(299)	(465)
Cash provided by operating activities	2,629	1,384
CASH FLOWS FROM INVESTING ACTIVITIES:
Payments received on notes receivable	212	500
Proceeds from sale of assets	7	0
Purchase of intangible assets definite-lived	(169)	(96)
Purchase of property and equipment	(65)	(66)
Cash (used in)/provided by investing activities	(15)	338
CASH FLOWS FROM FINANCING ACTIVITIES:
Purchase of treasury stock	(4,979)	(512)
Payment of convertible notes	0	(1,597)
Payments on short term loan	(30)	(220)
Cash used in financing activities	(5,009)	(2,329)
Net decrease in cash and cash equivalents	(2,395)	(607)
Cash and cash equivalents, beginning of period	7,723	8,330
Cash and cash equivalents, end of period	5,328	7,723
CASH PAID FOR:
Interest	1	64
Income taxes (net of refunds)	$ 87	$ 31

STOCK BASED COMPENSATION PLANS

12 Months Ended

Jun. 25, 2023

STOCK BASED COMPENSATION PLANS [Abstract]

STOCK BASED COMPENSATION PLANS

NOTE I - STOCK BASED COMPENSATION PLANS:

In June 2005, the 2005 Employee Incentive Stock Option Award Plan (the “2005 Employee Plan”) was approved by the Company’s shareholders with a plan effective date of June 23, 2005. Under the 2005 Employee Plan, officers and employees of the Company were eligible to receive options to purchase shares of the Company’s common stock. Options were granted at market value of the stock on the date of grant, were subject to various vesting and exercise periods as determined by the Compensation Committee of the board of directors and could be designated as non-qualified or incentive stock options. A total of 1,000,000 shares of common stock were authorized for issuance under the 2005 Employee Plan. The 2005 Employee Plan expired by its terms on June 23, 2015.

The shareholders also approved the 2005 Non-Employee Directors Stock Award Plan (the “2005 Directors Plan”) in June 2005, to be effective as of June 23, 2005. Directors not employed by the Company were eligible to receive stock options under the 2005 Directors Plan. Options for common stock equal to twice the number of shares of common stock acquired during the previous fiscal year, up to 40,000 shares per year, were automatically granted to each non-employee director on the first day of each fiscal year. Options were granted at market value of the stock on the first day of each fiscal year, with vesting periods beginning at a minimum of six months and with exercise periods up to ten years. A total of 650,000 shares of Company common stock were authorized for issuance pursuant to the 2005 Directors Plan. The 2005 Directors Plan expired by its terms on June 23, 2015.

The 2015 Long Term Incentive Plan (the “2015 LTIP”) was approved by the Company’s shareholders on November 18, 2014 and became effective June 1, 2015. Officers, employees and non-employee directors of the Company are eligible to receive awards under the 2015 LTIP. A total of 3,000,000 shares of common stock are authorized for issuance under the 2015 LTIP. Awards authorized under the 2015 LTIP include incentive stock options, non-qualified stock options, restricted shares, restricted stock units and rights (either with or without accompanying options). The 2015 LTIP provides for options to be granted at market value of the stock on the date of grant and have exercise periods determined by the Compensation Committee of the board of directors. The Compensation Committee may also determine the vesting periods, performance criteria and other terms and conditions of all awards under the 2015 LTIP. The Compensation Committee has adopted resolutions under the 2015 LTIP automatically granting to each non-employee director on the first day of each fiscal year options to purchase twice the number of shares of common stock acquired during the previous fiscal year, up to a maximum of 40,000 shares. Such options are exercisable at the market value of the stock on the first day of the fiscal year, vest six months from the date of grant and expire 10 years from the date of grant.

Stock based compensation expense is included in general and administrative expense in the accompanying Consolidated Statements of Income.

Stock Options:

A summary of stock option transactions under all of the Company’s stock option plans and information about fixed-price stock options is as follows:

	Fiscal Year Ended					Fiscal Year Ended
	June 25, 2023		June 26, 2022			June 25, 2023			June 26, 2022
	Shares		Shares			Weighted- Average Exercise Price		Weighted- Average Exercise Price
Outstanding at beginning of year		111,750		166,750		$	6.67		$	5.49

Granted		40,000		—			1.06			—
Exercised		—		—			—			—
Forfeited/Canceled/Expired		—		(55,000	)		—			3.11

Outstanding at end of period		151,750		111,750		$	5.19		$	6.67

Exercisable at end of period		111,750		111,750		$	6.67		$	6.67

The intrinsic value of options outstanding at June 25, 2023 was $33 thousand.

The following table provides information on options outstanding and options exercisable as of June 25, 2023:

		Options Outstanding						Options Exercisable
Range of Exercise Prices		Options Outstanding at June 25, 2023		Weighted-Average Remaining Contractual Life (Years)		Weighted- Average Exercise Price		Shares Exercisable at June 25, 2023		Weighted- Average Exercise Price

$	1.00 - 1.90		40,000		9.01	$	1.06		—	$	—
$	3.31 - 3.95		50,000		3.01	$	3.95		50,000	$	3.95
$	5.51 - 5.74		8,664		0.02	$	5.74		8,664	$	5.74
$	5.95 - 6.25		28,800		1.01	$	6.23		28,800	$	6.23
$	6.26 - 13.11		24,286		2.02	$	13.11		24,286	$	13.11
			151,750		3.88	$	5.19		111,750	$	6.67

We determine fair value following the authoritative guidance as follows:

Valuation and Amortization Method. We estimate the fair value of share-based awards granted using the Black-Scholes option valuation model. We amortize the fair value of all awards on a straight-line basis over the requisite service periods, which are generally the vesting periods.

Expected Life. The expected life of awards granted represents the period of time that they are expected to be outstanding. Unless a life is specifically stated, we determine the expected life using the “simplified method” in accordance with Staff Accounting Bulletin No. 110 since we do not have sufficient historical share option exercise experience.

Expected Volatility. Using the Black-Scholes option valuation model, we estimate the volatility of our common stock at the date of grant based on the historical volatility of our common stock.

Risk-Free Interest Rate. We base the risk-free interest rate used in the Black-Scholes option valuation model on the implied yield currently available on U.S. Treasury zero-coupon issues with an equivalent remaining term equal to the expected life of the award.

Expected Dividend Yield. We have not paid any cash dividends on our common stock in the last ten years and we do not anticipate paying any cash dividends in the foreseeable future. Consequently, we use an expected dividend yield of zero in the Black-Scholes option valuation model.

Expected Forfeitures. We use historical data to estimate pre-vesting option forfeitures. We record stock-based compensation only for those awards that are expected to vest.

The following weighted average assumptions were used for options granted during fiscal 2023:

Fiscal Year Ended	June 25, 2023
Expected life (in years)		5.5
Expected volatility		79.6%
Risk-free interest rate		2.9%
Expected forfeiture rate		48.8%

At June 25, 2023, 111,750 of the stock options that the Company had granted were vested. $15 thousand stock compensation expense related to stock options was recognized in fiscal 2023. No stock compensation expense related to stock options was recognized in fiscal 2022. There were 40,000 of the stock options that were unvested at June 25, 2023. 40,000 of the stock options vested on June 27, 2023 and, therefore, there was zero unamortized stock compensation expense at June 25, 2023.

Restricted Stock Units:

Restricted stock units awarded under the 2015 LTIP represent the right to receive shares of common stock upon the satisfaction of vesting requirements, performance criteria and other terms and conditions. During fiscal 2023 and 2022, zero and 362,500 performance-based restricted stock units, respectively, were granted to certain employees. For the years ended June 25, 2023 and June 26, 2022, the Company had stock compensation expense of $329 thousand and $169 thousand, respectively, related to RSUs. As of June 25, 2023, there was $212 thousand and $36 thousand unamortized stock compensation expense related to RSUs, which should be recognized during fiscal years 2024 and 2025, respectively.

The restricted stock units granted to each recipient are allocated among performance criteria pertaining to various aspects of the Company’s business, as well as its overall operations, measured based on the second fiscal year following the date of grant. Achievement of the various performance criteria entitles the recipient to receive shares of common stock in amounts ranging from 50% to 150% of the number of restricted stock units granted. Grantees of restricted stock units do not have any rights of a stockholder, and do not participate in any distributions on our common stock, until the award fully vests upon satisfaction of the vesting schedule, performance criteria and other conditions set forth in their award agreement. Contingent unvested restricted stock units are considered participating securities under ASC 260, “Earnings Per Share,” and are included in the calculation of diluted earnings per share.

Compensation cost is measured as an amount equal to the fair value of the restricted stock units on the date of grant and is expensed over the vesting period if achievement of the performance criteria is deemed probable, with the amount of the expense recognized based on the best estimate of the ultimate achievement level.

A summary of the status of restricted stock units as of June 25, 2023 and June 26, 2022, and changes during the fiscal years then ended is presented below:

	June 25, 2023		June 26, 2022
Unvested at beginning of year		885,687		545,600
Granted during the year		—		362,500
Vested during the year		—		—
Forfeited during the year		—		(22,413	)
Unvested at end of year		885,687		885,687

ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)

12 Months Ended

Jun. 25, 2023

ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES [Abstract]

Description of Business

Description of Business:

Principles of Consolidation

Principles of Consolidation:

Cash and Cash Equivalents

Cash and Cash Equivalents:

The Company considers all highly liquid investments purchased with an original maturity of three months or less to be cash equivalents.

Concentration of Credit Risk

Concentration of Credit Risk:

Property and Equipment

Property and Equipment:

Impairment of Long-Lived Asset and other Lease Charges

Impairment of Long-Lived Asset and other Lease Charges:

Accounts Receivable

Accounts Receivable:

Bad Debt Expense

Bad Debt Expense:

Notes Receivable

Notes Receivable:

The expected principal collections on notes receivable for the next two years are as follows as of June 25, 2023 (in thousands):

	Notes Receivable
2024	$	105
2025		28
	$	133

Income Taxes

Income Taxes:

Revenue Recognition

Revenue Recognition:

The following describes principal activities, separated by major product or service, from which the Company generates its revenues:

Franchise Revenues

Franchise royalties, which are based on a percentage of franchise restaurant sales, are recognized as sales occur.

Supplier and distributor incentive revenues are recognized when title to the underlying commodities transfer.

Supplier convention funds are deferred until the obligations of the agreement are met and the event takes place.

Rental income is income from our subleasing of some of our restaurant space to third parties.

Total revenues consist of the following (in thousands):

	Fiscal Year Ended
	June 25, 2023		June 26, 2022

Franchise royalties	$	4,978	$	4,543
Supplier and distributor incentive revenues		4,418		4,214
Franchise license fees		152		154
Area development exclusivity fees and foreign master license fees		18		19
Advertising funds contributions		1,943		1,412
Supplier convention funds		172		143
Rental income		186		186
Other		22		21
	$	11,889	$	10,692

Stock-Based Compensation

Stock-Based Compensation:

Fair Value of Financial Instruments

Fair Value of Financial Instruments:

The carrying amounts of accounts receivable and accounts payable approximate fair value because of the short maturity of these instruments.

Contingencies

Contingencies:

Use of Management Estimates

Use of Management Estimates:

Fiscal Year

Fiscal Year:

The Company’s fiscal year ends on the last Sunday in June. The fiscal years ended June 25, 2023 and June 26, 2022 each contained 52 weeks.

SUBSEQUENT EVENTS (Details) $ in Thousands		12 Months Ended
SUBSEQUENT EVENTS (Details) $ in Thousands	Sep. 21, 2023 USD ($) Restaurant	Jun. 25, 2023 USD ($)	Jun. 26, 2022 USD ($)
Subsequent Event [Abstract]
Revenues		$ 11,889	$ 10,692
Subsequent Event [Member] \| Pizza Inn Franchising [Member]
Subsequent Event [Abstract]
Number of international units closure \| Restaurant	12
Revenues	$ 100

- Definition

Amount, excluding tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value added and excise.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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+ Details

CONVERTIBLE NOTES	12 Months Ended
CONVERTIBLE NOTES	Jun. 25, 2023
CONVERTIBLE NOTES [Abstract]
CONVERTIBLE NOTES	NOTE D - CONVERTIBLE NOTES: On March 3, 2017, the Company completed a registered shareholder rights offering of its 4% Convertible Senior Notes Due 2022 (“Notes”). Shareholders exercised subscription rights to purchase all 30,000 of the Notes at the par value of $100 per Note, resulting in gross offering proceeds to the Company of $3.0 million. The Notes bore interest at the rate of 4% per annum on the principal or par value of $100 per note, payable annually in arrears on February 15 of each year, commencing February 15, 2018. Interest was payable in cash or, at the Company’s discretion, in shares of Company common stock. The Notes were secured by a pledge of all outstanding equity securities of our two primary direct operating subsidiaries. During the fiscal year ended June 26, 2022, no Notes were converted to common shares. The Notes matured on February 15, 2022, at which time all principal and unpaid interest was paid in cash. Therefore, as of June 25, 2023 and June 26, 2022, there were no Notes outstanding.

- Definition

The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
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-Name Accounting Standards Codification
-Section 50
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-Publisher FASB
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+ Details

EARNINGS PER SHARE (Tables)

12 Months Ended

Jun. 25, 2023

EARNINGS PER SHARE [Abstract]

Earnings per Share Basic and Diluted

	Fiscal Year Ended
	June 25, 2023		June 26, 2022
Net income available to common shareholders	$	1,613	$	8,022
Interest saved on convertible notes at 4%	$	—	$	40
Adjusted net income	$	1,613	$	8,062

BASIC:
Weighted average common shares		15,323		17,993

Net income per common share	$	0.11	$	0.45

DILUTED:
Weighted average common shares		15,323		17,993
Dilutive restricted stock units		588		—
Dilutive stock options		—		—
Weighted average common shares outstanding		15,911		17,993

Income from continuing operations per common share	$	0.10	$	0.45

SUBSEQUENT EVENTS	12 Months Ended
SUBSEQUENT EVENTS	Jun. 25, 2023
SUBSEQUENT EVENTS [Abstract]
SUBSEQUENT EVENTS	NOTE N - SUBSEQUENT EVENTS: In preparation of its financial statements, the Company considered subsequent events through September 21, 2023 which was the date the Company’s financial statements were available to be issued. The Company terminated its master licensee of Pizza Inn in Saudi Arabia in September 2023. This termination resulted in the closure of 12 international units. These locations represented approximately $0.1 million in revenue during fiscal 2023.

Document and Entity Information - USD ($) $ in Millions	12 Months Ended
Document and Entity Information - USD ($) $ in Millions	Jun. 25, 2023	Sep. 18, 2023	Dec. 25, 2022
Document Information [Line Items]
Document Type	10-K
Amendment Flag	false
Document Annual Report	true
Document Period End Date	Jun. 25, 2023
Current Fiscal Year End Date	--06-25
Document Fiscal Year Focus	2023
Document Fiscal Period Focus	FY
Document Transition Report	false
Entity File Number	0-12919
Entity Registrant Name	RAVE RESTAURANT GROUP, INC.
Entity Central Index Key	0000718332
Entity Incorporation, State or Country Code	MO
Entity Tax Identification Number	45-3189287
Entity Address, Address Line One	3551 Plano Parkway
Entity Address, City or Town	The Colony
Entity Address, State or Province	TX
Entity Address, Postal Zip Code	75056
City Area Code	469
Local Phone Number	384-5000
Title of 12(b) Security	Common Stock, $0.01 par value
Trading Symbol	RAVE
Security Exchange Name	NASDAQ
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
ICFR Auditor Attestation Flag	false
Document Financial Statement Error Correction [Flag]	false
Entity Shell Company	false
Entity Public Float			$ 11.6
Entity Common Stock, Shares Outstanding		14,154,453
Auditor Firm ID	726
Auditor Name	Whitley Penn LLP
Auditor Location	Plano, Texas
Armanino LLP [Member]
Document Information [Line Items]
Auditor Firm ID	32
Auditor Name	Armanino LLP
Auditor Location	Dallas, Texas

ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES, Income Taxes (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 25, 2023	Jun. 26, 2022
Income Taxes [Abstract]
Income tax expense	$ 537	$ (5,657)
Federal tax expense	400
State tax expense	100
Net operating loss carryforwards	$ 21,000	$ 23,100
Operating loss carryforwards, expiry date	Dec. 31, 2035	Dec. 31, 2032
Amount of operating loss carryforwards limited with no expiration	$ 1,400	$ 1,800
Operating loss carryforward, percentage limitation on use	80.00%	80.00%
IRS [Member] \| Earliest Tax Year [Member]
Income Tax Examination [Abstract]
Open tax year	2020
IRS [Member] \| Latest Tax Year [Member]
Income Tax Examination [Abstract]
Open tax year	2022
State [Member] \| Earliest Tax Year [Member]
Income Tax Examination [Abstract]
Open tax year	2019
State [Member] \| Latest Tax Year [Member]
Income Tax Examination [Abstract]
Open tax year	2022

ACCRUED EXPENSES (Details) - USD ($) $ in Thousands	Jun. 25, 2023	Jun. 26, 2022
ACCRUED EXPENSES [Abstract]
Compensation	$ 776	$ 875
Other	21	118
Professional fees	93	89
Accrued expenses	$ 890	$ 1,082

ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES, Impairment of Long-Lived Asset and other Lease Charges (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 25, 2023	Jun. 26, 2022
ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES [Abstract]
Pre-tax, non-cash impairment charges on long lived assets	$ 5	$ 6
Impairment, Long-Lived Asset, Held-for-Use, Statement of Income or Comprehensive Income [Extensible Enumeration]	Impairment of long-lived assets and other lease charges
Sublease income	$ 186	$ 186

CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Thousands	Jun. 25, 2023	Jun. 26, 2022
CURRENT ASSETS
Accounts receivable, allowance for bad debts	$ 58	$ 27
SHAREHOLDERS' EQUITY
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized (in shares)	26,000,000	26,000,000
Common stock, shares issued (in shares)	25,090,058	25,090,058
Common stock, shares outstanding (in shares)	14,154,453	17,511,430
Treasury stock at cost (in shares)	10,935,605	7,578,628

EMPLOYEE RETENTION CREDIT	12 Months Ended
EMPLOYEE RETENTION CREDIT	Jun. 25, 2023
EMPLOYEE RETENTION CREDIT [Abstract]
EMPLOYEE RETENTION CREDIT	NOTE E - EMPLOYEE RETENTION CREDIT: On December 27, 2020, the Consolidated Appropriations Act of 2021 (the “CAA”) was signed into law. The CAA expanded eligibility for an employee retention credit for companies impacted by the COVID-19 pandemic with fewer than five hundred employees and at least a twenty percent decline in gross receipts compared to the same quarter in 2019, to encourage retention of employees. This payroll tax credit was a refundable tax credit against certain federal employment taxes. For the fiscal year ended June 26, 2022, the Company recorded $0.7 million of other income for the employee retention credit. As of June 25, 2023, $0.6 million has been received and $0.1 million is still outstanding.

ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES, Concentration of Credit Risk (Details) - Concentration of Credit Risk [Member] $ in Thousands	12 Months Ended
	Jun. 25, 2023 USD ($) Franchise Note	Jun. 26, 2022 USD ($) Franchise
Concentration of Credit Risk [Abstract]
Deposit insurance corporation (FDIC) limits \| $	$ 250
Cash balances in excess of FDIC insurance coverage \| $	$ 5,100	$ 7,500
Number of franchisees had credit risk on notes receivable \| Franchise	3	3
Number of short term notes receivables \| Note	0
Number of long term notes receivable \| Note	3
Number of franchisees in long term notes receivable \| Franchise	3
Weighted average interest rate of financed assets sale	0.00%

ACCRUED EXPENSES (Tables)

12 Months Ended

Jun. 25, 2023

ACCRUED EXPENSES [Abstract]

Accrued Expenses

Accrued expenses consist of the following (in thousands):

	June 25, 2023		June 26, 2022
Compensation	$	776	$	875
Other		21		118
Professional fees		93		89
	$	890	$	1,082

ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES, Notes Receivable (Details) $ in Thousands	Jun. 25, 2023 USD ($)
Notes Receivable [Abstract]
Weighted average interest rate	0.00%
Maturities of Notes Receivable [Abstract]
2024	$ 105
2025	28
Total	$ 133

LEASES (Tables)

12 Months Ended

Jun. 25, 2023

LEASES [Abstract]

Future Minimum Rental Payments for Guaranteed Leases

Future minimum rental payments for guaranteed leases with initial or remaining terms of one year or more at June 25, 2023 were as follows (in thousands):

	Guaranteed Leases
2024	$	333
2025		252
2026		108
2027		87
2028		87
Thereafter		—
	$	867

Components of Total Lease Expense

	Fiscal Year Ended June 25, 2023			Fiscal Year Ended June 26, 2022
Operating lease cost	$	494		$	498
Sublease income		(186	)		(186	)
Total lease expense, net of sublease income	$	308		$	312

Supplemental Cash Flow Information Related to Operating Leases

Supplemental cash flow information related to operating leases is included in the table below (in thousands):

		Fiscal Year Ended June 25, 2023				Fiscal Year Ended June 26, 2022
Cash paid for amounts included in the measurement of lease liabilities		$	558			$	551

Supplemental Balance Sheet Information Related to Operating Leases

Supplemental balance sheet information related to operating leases is included in the table below (in thousands):

	Fiscal Year Ended June 25, 2023		Fiscal Year Ended June 26, 2022
Operating lease right of use asset, net	$	1,227	$	1,664
Operating lease liabilities, current		463		490
Operating lease liabilities, net of current portion		958		1,421

Weighted Average Remaining Lease Term and Weighted Average Discount Rate

Weighted average remaining lease term and weighted average discount rate for operating leases are as follows:

	Fiscal Year Ended June 25, 2023			Fiscal Year Ended June 26, 2022
Weighted average remaining lease term	2.1 Years				3.1 Years
Weighted average discount rate		4.0	%		4.0	%

Maturities of Operating Lease Liabilities

Operating lease liabilities with enforceable contract terms that are greater than one year mature as follows (in thousands):

	Operating Leases
2024	$	511
2025		433
2026		382
2027		191
2028		—
Thereafter		—
Total operating lease payments	$	1,517
Less: imputed interest	$	(96	)
Total operating lease liability	$	1,421

Future Minimum Sublease Rental Income

Future minimum sublease rental income under active non-cancelable leases with initial or remaining terms of one year or more at June 25, 2023 were as follows (in thousands):

	Sublease Rental Income
2024	$	128
2025		53
	$	181

Components of Rental Expense

Rental expense consisted of the following (in thousands):

	Fiscal Year Ended
	June 25, 2023			June 26, 2022
Minimum rentals	$	494		$	498
Sublease rentals		(186	)		(186	)
	$	308		$	312

STOCK BASED COMPENSATION PLANS, Information on Options Outstanding and Options Exercisable (Details) - Stock Options [Member]	12 Months Ended
	Jun. 25, 2023 $ / shares shares
Options Outstanding [Abstract]
Options outstanding (in shares) \| shares	151,750
Weighted-average remaining contractual life	3 years 10 months 17 days
Weighted-average exercise price (in dollars per share)	$ 5.19
Options Exercisable [Abstract]
Shares exercisable (in shares) \| shares	111,750
Weighted-average exercise price (in dollars per share)	$ 6.67
$1.00 - 1.90 [Member]
Options Outstanding [Abstract]
Range of exercise prices, lower range (in dollars per shares)	1
Range of exercise prices, upper range (in dollars per shares)	$ 1.9
Options outstanding (in shares) \| shares	40,000
Weighted-average remaining contractual life	9 years 3 days
Weighted-average exercise price (in dollars per share)	$ 1.06
Options Exercisable [Abstract]
Shares exercisable (in shares) \| shares	0
Weighted-average exercise price (in dollars per share)	$ 0
$3.31 - 3.95 [Member]
Options Outstanding [Abstract]
Range of exercise prices, lower range (in dollars per shares)	3.31
Range of exercise prices, upper range (in dollars per shares)	$ 3.95
Options outstanding (in shares) \| shares	50,000
Weighted-average remaining contractual life	3 years 3 days
Weighted-average exercise price (in dollars per share)	$ 3.95
Options Exercisable [Abstract]
Shares exercisable (in shares) \| shares	50,000
Weighted-average exercise price (in dollars per share)	$ 3.95
$5.51 - 5.74 [Member]
Options Outstanding [Abstract]
Range of exercise prices, lower range (in dollars per shares)	5.51
Range of exercise prices, upper range (in dollars per shares)	$ 5.74
Options outstanding (in shares) \| shares	8,664
Weighted-average remaining contractual life	7 days
Weighted-average exercise price (in dollars per share)	$ 5.74
Options Exercisable [Abstract]
Shares exercisable (in shares) \| shares	8,664
Weighted-average exercise price (in dollars per share)	$ 5.74
$5.95 - 6.25 [Member]
Options Outstanding [Abstract]
Range of exercise prices, lower range (in dollars per shares)	5.95
Range of exercise prices, upper range (in dollars per shares)	$ 6.25
Options outstanding (in shares) \| shares	28,800
Weighted-average remaining contractual life	1 year 3 days
Weighted-average exercise price (in dollars per share)	$ 6.23
Options Exercisable [Abstract]
Shares exercisable (in shares) \| shares	28,800
Weighted-average exercise price (in dollars per share)	$ 6.23
$6.26 - 13.11 [Member]
Options Outstanding [Abstract]
Range of exercise prices, lower range (in dollars per shares)	6.26
Range of exercise prices, upper range (in dollars per shares)	$ 13.11
Options outstanding (in shares) \| shares	24,286
Weighted-average remaining contractual life	2 years 7 days
Weighted-average exercise price (in dollars per share)	$ 13.11
Options Exercisable [Abstract]
Shares exercisable (in shares) \| shares	24,286
Weighted-average exercise price (in dollars per share)	$ 13.11

SEGMENT REPORTING (Details) $ in Thousands	12 Months Ended
SEGMENT REPORTING (Details) $ in Thousands	Jun. 25, 2023 USD ($) Segment	Jun. 26, 2022 USD ($)
SEGMENT REPORTING [Abstract]
Number of reportable segments \| Segment	3
Number of operating segments \| Segment	3
Segment Reporting Information, Profit (Loss) [Abstract]
Consolidated revenues	$ 11,889	$ 10,692
Depreciation and amortization	214	187
Income before taxes	2,150	2,365
Operating Segments [Member]
Segment Reporting Information, Profit (Loss) [Abstract]
Depreciation and amortization	0	0
Income before taxes	7,747	7,215
Corporate Administration and Other [Member]
Segment Reporting Information, Profit (Loss) [Abstract]
Consolidated revenues	186	190
Depreciation and amortization	214	187
Income before taxes	(5,597)	(4,850)
Reportable Geographical Components [Member]
Segment Reporting Information, Profit (Loss) [Abstract]
Consolidated revenues	11,889	10,692
Reportable Geographical Components [Member] \| United States [Member]
Segment Reporting Information, Profit (Loss) [Abstract]
Consolidated revenues	11,627	10,399
Reportable Geographical Components [Member] \| Foreign Countries [Member]
Segment Reporting Information, Profit (Loss) [Abstract]
Consolidated revenues	262	293
Pizza Inn Franchising [Member] \| Operating Segments [Member]
Segment Reporting Information, Profit (Loss) [Abstract]
Consolidated revenues	9,810	8,535
Depreciation and amortization	0	0
Income before taxes	6,751	6,222
Pie Five Franchising [Member] \| Operating Segments [Member]
Segment Reporting Information, Profit (Loss) [Abstract]
Consolidated revenues	1,893	1,967
Depreciation and amortization	0	0
Income before taxes	996	996
Company-Owned Restaurants [Member] \| Operating Segments [Member]
Segment Reporting Information, Profit (Loss) [Abstract]
Consolidated revenues	0	0
Depreciation and amortization	0	0
Income before taxes	$ 0	$ (3)

PROPERTY AND EQUIPMENT AND INTANGIBLE ASSETS, Intangible Assets (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 25, 2023	Jun. 26, 2022
Finite-Lived Intangible Assets, Net [Abstract]
Acquisition cost	$ 687	$ 519
Accumulated amortization	(359)	(287)
Net value	328	232
Amortization expense for intangible assets	$ 73	47
Trademarks and Trade Names [Member]
Finite-Lived Intangible Assets, Net [Abstract]
Estimated useful lives	10 years
Acquisition cost	$ 278	279
Accumulated amortization	(248)	(233)
Net value	$ 30	46
Name Change [Member]
Finite-Lived Intangible Assets, Net [Abstract]
Estimated useful lives	15 years
Acquisition cost	$ 70	70
Accumulated amortization	(39)	(35)
Net value	$ 31	35
Prototypes [Member]
Finite-Lived Intangible Assets, Net [Abstract]
Estimated useful lives	5 years
Acquisition cost	$ 339	170
Accumulated amortization	(72)	(19)
Net value	$ 267	$ 151

SHAREHOLDERS' EQUITY (Details) - shares		12 Months Ended
SHAREHOLDERS' EQUITY (Details) - shares	Jun. 28, 2022	Jun. 25, 2023	Apr. 22, 2009
Treasury Stock, Shares [Abstract]
Total number of shares purchased (in shares)		3,356,977
Number of common stock shares available to be repurchased (in shares)		1,997,974
Amended 2007 Stock Purchase Plan [Member]
Treasury Stock, Shares [Abstract]
Number of common stock shares authorized to purchase (in shares)	8,016,000		3,016,000
Increase in repurchase of authorized shares of common stock (in shares)	5,000,000

- Definition

Number of shares that have been repurchased during the period and have not been retired and are not held in treasury. Some state laws may govern the circumstances under which an entity may acquire its own stock and prescribe the accounting treatment therefore. This element is used when state law does not recognize treasury stock.

+ References + Details

COMMITMENTS AND CONTINGENCIES	12 Months Ended
COMMITMENTS AND CONTINGENCIES	Jun. 25, 2023
COMMITMENTS AND CONTINGENCIES [Abstract]
COMMITMENTS AND CONTINGENCIES	NOTE K - COMMITMENTS AND CONTINGENCIES: On January 6, 2020, the Company’s former Chief Executive Officer, Scott Crane, filed suit in the U.S. District Court for the Eastern District of Texas alleging various claims in connection with the Company’s termination of his employment in July 2019. In general, the suit asserted that the Company terminated Crane for the purpose of depriving him of certain equity compensation that otherwise would have been due to him on October 15, 2019. The Company asserted that Crane failed to meet the contractual qualifications for the equity, as well as other defenses. The matter proceeded to trial which resulted in a verdict in favor of Crane, and the trial court entered judgment in Crane’s favor. The Company appealed the judgment to the Fifth Circuit Court of Appeals, which on May 31, 2023 issued an opinion reversing the trial court and rendering judgment in favor of the Company on all claims brought by Crane, and returning the matter to the trial court for consideration of costs and attorney fees to be awarded to the Company as the prevailing party in the litigation. The Company is subject to other various claims and contingencies related to employment agreements, franchise disputes, lawsuits, taxes, food product purchase contracts and other matters arising out of the normal course of business. Management believes that any such claims and actions currently pending are either covered by insurance or would not have a material adverse effect on the Company’s annual results of operations or financial condition if decided in a manner that is unfavorable to the Company.

ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES, Property and Equipment (Details)	Jun. 25, 2023
Minimum [Member]
Property and Equipment [Abstract]
Estimated useful lives of assets	3 years
Maximum [Member]
Property and Equipment [Abstract]
Estimated useful lives of assets	10 years

EARNINGS PER SHARE (Details) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Jun. 25, 2023	Jun. 26, 2022	Mar. 03, 2017
Earnings Per Share [Abstract]
Net income available to common shareholders	$ 1,613	$ 8,022
Interest saved on convertible notes at 4%	0	40
Adjusted net income	$ 1,613	$ 8,062
BASIC [Abstract]
Weighted average common shares (in shares)	15,323,000	17,993,000
Net income per common share (in dollars per share)	$ 0.11	$ 0.45
DILUTED [Abstract]
Weighted average common shares (in shares)	15,323,000	17,993,000
Dilutive restricted stock units (in shares)	588,000	0
Dilutive stock options (in shares)	0	0
Weighted average common shares outstanding (in shares)	15,911,000	17,993,000
Income from continuing operations per common share (in dollars per share)	$ 0.1	$ 0.45
Convertible Senior Notes [Member]
DILUTED [Abstract]
Interest rate	4.00%		4.00%
Stock Options [Member]
Antidilutive Securities Excluded from Computation of Earnings per Share [Abstract]
Options to purchase shares of common stock excluded from computation of diluted EPS (in shares)	151,750	111,750
Intrinsic value of options outstanding	$ 0	$ 0
Restricted Stock Units [Member]
Antidilutive Securities Excluded from Computation of Earnings per Share [Abstract]
Options to purchase shares of common stock excluded from computation of diluted EPS (in shares)	271,825	859,501

EMPLOYEE BENEFITS (Details) - USD ($) $ in Thousands	12 Months Ended
EMPLOYEE BENEFITS (Details) - USD ($) $ in Thousands	Jun. 25, 2023	Jun. 26, 2022
EMPLOYEE BENEFITS [Abstract]
Service required for employees to be eligible to participate in employee benefits plan	3 months
Defined contribution plan, minimum age limit for eligibility to participate in plan	21 years
Total matching contributions	$ 24	$ 33
Minimum [Member]
EMPLOYEE BENEFITS [Abstract]
Percentage of compensation deferred and contributed to employee benefits plan by employee	1.00%
Maximum [Member]
EMPLOYEE BENEFITS [Abstract]
Percentage of compensation deferred and contributed to employee benefits plan by employee	15.00%

SEGMENT REPORTING

12 Months Ended

Jun. 25, 2023

SEGMENT REPORTING [Abstract]

SEGMENT REPORTING

NOTE M - SEGMENT REPORTING:

The Company has three reportable operating segments as determined by management using the “management approach” as defined by ASC 280 Disclosures about Segments of an Enterprise and Related Information: (1) Pizza Inn Franchising, (2) Pie Five Franchising and (3) Company-Owned Restaurants. These segments are a result of differences in the nature of the products and services sold. Corporate administration costs, which include, but are not limited to, general accounting, human resources, legal and credit and collections, are partially allocated to the three operating segments. Other revenue consists of nonrecurring items.

The Pizza Inn and Pie Five Franchising segments establish franchisees, licensees and territorial rights. Revenue for these segments are derived from franchise royalties, franchise fees, sale of area development and foreign master license rights and incentive payments from third party suppliers and distributors. Assets for these segments include equipment, furniture and fixtures.

The Company-Owned Restaurants segment includes sales and operating results for all Company-owned restaurants. Assets for this segment include equipment, furniture and fixtures for the Company-Owned restaurants. As of June 25, 2023 and June 26, 2022, the Company did not operate any Company-Owned restaurants.

Corporate administration and other assets primarily include cash and short-term investments, as well as furniture and fixtures located at the corporate office and trademarks and other intangible assets. All assets are located within the United States.

	Fiscal Year Ended
	June 25, 2023			June 26, 2022
Net sales and operating revenues:
Pizza Inn Franchising	$	9,810		$	8,535
Pie Five Franchising		1,893			1,967
Company-Owned Restaurants		—			—
Corporate administration and other		186			190
Consolidated revenues	$	11,889		$	10,692

Depreciation and amortization:
Pizza Inn Franchising	$	—		$	—
Pie Five Franchising		—			—
Company-Owned Restaurants		—			—
Combined		—			—
Corporate administration and other		214			187
Depreciation and amortization	$	214		$	187

Income before taxes:
Pizza Inn Franchising	$	6,751		$	6,222
Pie Five Franchising		996			996
Company-Owned Restaurants		—			(3	)
Combined		7,747			7,215
Corporate administration and other		(5,597	)		(4,850	)
Income before taxes	$	2,150		$	2,365

The following table provides information on our foreign and domestic revenues:

Geographic information (revenues):
United States	$	11,627	$	10,399
Foreign countries		262		293
Consolidated total	$	11,889	$	10,692

- Definition

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 22
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-22

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 15
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-15

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 31
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-31

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 32
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-32

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 42
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-42

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 32
-Subparagraph (f)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-32

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 40
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-40

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org//280/tableOfContent

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 26
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-26

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 34
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-34

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 41
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-41

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 21
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-21

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 21
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-21

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 32
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-32

+ Details

ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES, Revenue Recognition (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 25, 2023	Jun. 26, 2022	Jun. 27, 2021
Revenues [Abstract]
Revenues	$ 11,889	$ 10,692
Accounts Receivable [Abstract]
Accounts receivable			$ 900
Deferred Revenue [Abstract]
Deferred revenue			$ 1,800
Revenue recognized	600
Franchise Royalties [Member]
Revenues [Abstract]
Revenues	4,978	4,543
Supplier and Distributor Incentive Revenues [Member]
Revenues [Abstract]
Revenues	4,418	4,214
Franchise License Fees [Member]
Revenues [Abstract]
Revenues	152	154
Area Development Exclusivity Fees and Foreign Master License Fees [Member]
Revenues [Abstract]
Revenues	18	19
Advertising Funds Contributions [Member]
Revenues [Abstract]
Revenues	1,943	1,412
Supplier Convention Funds [Member]
Revenues [Abstract]
Revenues	172	143
Rental Income [Member]
Revenues [Abstract]
Revenues	186	186
Other [Member]
Revenues [Abstract]
Revenues	$ 22	$ 21
Minimum [Member]
Franchise Revenues [Abstract]
Amortization term of franchise license fees	5 years
Maximum [Member]
Franchise Revenues [Abstract]
Amortization term of franchise license fees	20 years

STOCK BASED COMPENSATION PLANS (Tables)

12 Months Ended

Jun. 25, 2023

STOCK BASED COMPENSATION PLANS [Abstract]

Summary of Stock Options

A summary of stock option transactions under all of the Company’s stock option plans and information about fixed-price stock options is as follows:

	Fiscal Year Ended					Fiscal Year Ended
	June 25, 2023		June 26, 2022			June 25, 2023			June 26, 2022
	Shares		Shares			Weighted- Average Exercise Price		Weighted- Average Exercise Price
Outstanding at beginning of year		111,750		166,750		$	6.67		$	5.49

Granted		40,000		—			1.06			—
Exercised		—		—			—			—
Forfeited/Canceled/Expired		—		(55,000	)		—			3.11

Outstanding at end of period		151,750		111,750		$	5.19		$	6.67

Exercisable at end of period		111,750		111,750		$	6.67		$	6.67

Information on Options Outstanding and Options Exercisable

The following table provides information on options outstanding and options exercisable as of June 25, 2023:

		Options Outstanding						Options Exercisable
Range of Exercise Prices		Options Outstanding at June 25, 2023		Weighted-Average Remaining Contractual Life (Years)		Weighted- Average Exercise Price		Shares Exercisable at June 25, 2023		Weighted- Average Exercise Price

$	1.00 - 1.90		40,000		9.01	$	1.06		—	$	—
$	3.31 - 3.95		50,000		3.01	$	3.95		50,000	$	3.95
$	5.51 - 5.74		8,664		0.02	$	5.74		8,664	$	5.74
$	5.95 - 6.25		28,800		1.01	$	6.23		28,800	$	6.23
$	6.26 - 13.11		24,286		2.02	$	13.11		24,286	$	13.11
			151,750		3.88	$	5.19		111,750	$	6.67

Weighted Average Assumptions

The following weighted average assumptions were used for options granted during fiscal 2023:

Fiscal Year Ended	June 25, 2023
Expected life (in years)		5.5
Expected volatility		79.6%
Risk-free interest rate		2.9%
Expected forfeiture rate		48.8%

Summary of Restricted Stock Units

A summary of the status of restricted stock units as of June 25, 2023 and June 26, 2022, and changes during the fiscal years then ended is presented below:

	June 25, 2023		June 26, 2022
Unvested at beginning of year		885,687		545,600
Granted during the year		—		362,500
Vested during the year		—		—
Forfeited during the year		—		(22,413	)
Unvested at end of year		885,687		885,687

EMPLOYEE BENEFITS	12 Months Ended
EMPLOYEE BENEFITS	Jun. 25, 2023
EMPLOYEE BENEFITS [Abstract]
EMPLOYEE BENEFITS	NOTE H - EMPLOYEE BENEFITS: The Company has a tax advantaged savings plan that is designed to meet the requirements of Section 401(k) of the Internal Revenue Code (the “Code”). Employees who have completed three months of service and are at least 21 years of age are eligible to participate in the plan. The plan provides that participating employees may elect to have between 1% and 15% of their compensation deferred and contributed to the plan subject to certain IRS limitations. The Company has a discretionary matching contribution. Separate accounts are maintained with respect to contributions made on behalf of each participating employee. Employer matching contributions and earnings thereon are invested in the same investments as each participant’s employee deferral. The plan is subject to the provisions of the Employee Retirement Income Security Act, as amended, and is a profit-sharing plan as defined in Section 401(k) of the Code. For the fiscal years ended June 25, 2023 and June 26, 2022, total matching contributions to the tax advantaged savings plan by the Company on behalf of participating employees were approximately $24 thousand and $33 thousand, respectively.

- Definition

The entire disclosure for retirement benefits.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 70
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480794/715-70-50-1

Reference 2: http://www.xbrl.org/2003/role/exampleRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 17
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480482/715-20-55-17

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (d)(iv)(03)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480506/715-20-50-1

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (d)(i)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480506/715-20-50-1

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (q)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480506/715-20-50-1

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (l)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480506/715-20-50-1

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org//715/tableOfContent

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (d)(iii)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480506/715-20-50-1

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (o)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480506/715-20-50-1

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (p)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480506/715-20-50-1

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (r)(1)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480506/715-20-50-1

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (r)(2)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480506/715-20-50-1

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section S99
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480126/715-20-S99-2

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 60
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480266/715-60-50-3

+ Details

ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES, Bad Debt Expense (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 25, 2023	Jun. 26, 2022
ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES [Abstract]
Increase in bad debt expense	$ 27
Bad debt expense	$ 73	$ 46

- Definition

Amount of allowance for credit loss on financing receivable. Excludes allowance for financing receivable covered under loss sharing agreement.

+ References + Details

LEASES (Details)	12 Months Ended
LEASES (Details)	Jun. 25, 2023 USD ($) ft² Restaurant Lease	Jun. 26, 2022 USD ($) Restaurant	Jan. 02, 2017
Lease [Abstract]
Area available for lease \| ft²	19,576
Lease payment per square foot	$ 18
Percentage of monthly base rent elected to defer under lease agreement	50.00%
Operating Lease, Description [Abstract]
Number of subleases \| Lease	2
Future Minimum Rental Payments for Guaranteed Leases [Abstract]
2024	$ 333,000
2025	252,000
2026	108,000
2027	87,000
2028	87,000
Thereafter	0
Total guaranteed lease payments	867,000
Components of Total Lease Expense [Abstract]
Operating lease cost	494,000	$ 498,000
Rental income	(186,000)	(186,000)
Total lease expense, net of sublease income	308,000	312,000
Supplemental Cash Flow Information Related to Operating Leases [Abstract]
Cash paid for amounts included in the measurement of lease liabilities	558,000	551,000
Balance Sheet [Abstract]
Operating lease right of use asset, net	1,227,000	1,664,000
Operating lease liabilities, current	463,000	490,000
Operating lease liabilities, net of current portion	$ 958,000	$ 1,421,000
Weighted Average Remaining Lease Term and Discount Rate [Abstract]
Weighted average remaining lease term	2 years 1 month 6 days	3 years 1 month 6 days
Weighted average discount rate	4.00%	4.00%
Maturities of Operating Lease Liabilities [Abstract]
2024	$ 511,000
2025	433,000
2026	382,000
2027	191,000
2028	0
Thereafter	0
Total operating lease payments	1,517,000
Less: imputed interest	(96,000)
Total operating lease liability	1,421,000
Sublease Rental Income [Abstract]
2024	128,000
2025	53,000
Total	181,000
Rental Expense [Abstract]
Minimum rentals	494,000	$ 498,000
Sublease rentals	(186,000)	(186,000)
Rental expense	$ 308,000	$ 312,000
Maximum [Member]
Lease [Abstract]
Lease term			10 years
Information Technology Equipment [Member] \| Minimum [Member]
Operating Lease, Description [Abstract]
Term of contract	1 year
Information Technology Equipment [Member] \| Maximum [Member]
Operating Lease, Description [Abstract]
Term of contract	5 years
Office Agreements [Member] \| Minimum [Member]
Operating Lease, Description [Abstract]
Term of contract	1 year
Office Agreements [Member] \| Maximum [Member]
Operating Lease, Description [Abstract]
Term of contract	10 years
Restaurant Space Agreements [Member]
Operating Lease, Description [Abstract]
Number of company-owned restaurants \| Restaurant	0	0
Restaurant Space Agreements [Member] \| Minimum [Member]
Operating Lease, Description [Abstract]
Term of contract	1 year
Restaurant Space Agreements [Member] \| Maximum [Member]
Operating Lease, Description [Abstract]
Term of contract	10 years
Company-owned Restaurants [Member] \| Minimum [Member]
Lease [Abstract]
Lease term	5 years
Company-owned Restaurants [Member] \| Maximum [Member]
Lease [Abstract]
Lease term	10 years