the average menu price increase was 4.0 % in 2020 over 2019. there were thirty restaurants included in the same store sales base at the end of the fiscal year . additionally , net revenues for fiscal 2020 were reduced by $ 148,000 in lower franchise royalties and license fees compared to the prior fiscal year , primarily related to the charlotte airport licensee . fiscal 2020 and fiscal 2019 include franchise advertising contributions of $ 13,000 and $ 14,000 , respectively . additional sales data related to bad daddy 's company-owned and joint-venture restaurants : replace_table_token_4_th good times restaurant sales increased $ 2,716,000 to $ 32,763,000 in fiscal 2020 from $ 30,047,000 in fiscal 2019. same store restaurant sales increased 7.9 % during fiscal 2020 compared to fiscal 2019 and benefitted from an extra operating week in the first fiscal quarter of 2020 which we estimate contributed approximately $ 460,000. restaurant sales increased $ 2,373,000 from the prior year due to the same store sales increase . one restaurant was not included in same store sales while closed for a major remodel in fiscal 2019. sales increased $ 359,000 in fiscal 2020 from the prior year due to the closure . one restaurant closed during fiscal 2020 and was excluded from same store sales . sales decreased $ 642,000 due to this closure . the average menu price increase in fiscal 2020 over fiscal 2019 was approximately 4.0 % . additionally , net revenues for fiscal 2020 were reduced by $ 26,000 in lower franchise revenues compared to fiscal 2019. fiscal 2020 and fiscal 2019 include franchise advertising contributions of $ 231,000 and $ 295,000 , respectively . average good times restaurant sales for company-operated restaurants open the entire fiscal year for fiscal 2020 and 2019 were as follows : fiscal year 2020 2019 company-operated $ 1,299,000 $ 1,166,000 during fiscal 2020 , company-operated good times restaurants ' sales for restaurants that had been open a full eighteen months ranged from a low of $ 846,000 to a high of $ 2,315,000. food and packaging costs : for fiscal 2020 , food and packaging costs decreased $ 1,076,000 from $ 32,471,000 ( 29.6 % of restaurant sales ) in fiscal 2019 to $ 31,395,000 ( 28.8 % of restaurant sales ) . 25 bad daddy 's food and packaging costs were $ 21,323,000 ( 27.9 % of restaurant sales ) in fiscal 2020 , down from $ 23,006,000 ( 28.8 % of restaurant sales ) in fiscal 2019. this decrease is primarily attributable to lower restaurant sales during the current fiscal year versus prior fiscal year . the decrease as a percent of sales is attributable to menu mix shift from a limited menu during the ongoing covid-19 pandemic , improved cost on soft beverage because refills are not available on off-premise sales , reduced discounting due to the reduction in on-premises sales , and increased pricing charged on sales through third-party delivery services , typically at a 10 % to 20 % premium to purchases made in-store or through our online ordering system . purchase prices generally increased on beef and bacon but generally decreased on chicken , on a year-over-year basis . good times food and packaging costs were $ 10,072,000 ( 30.7 % of restaurant sales ) in fiscal 2020 , up from $ 9,465,000 ( 31.5 % of restaurant sales ) in fiscal 2019 , the result of increased sales . this decrease as a percent of sales is due primarily to the impact of higher menu pricing and menu engineering , which offset purchase price increases on our primary ingredients . payroll and other employee benefit costs : for fiscal 2020 , payroll and other employee benefit costs decreased $ 2,779,000 from $ 41,221,000 ( 37.5 % of restaurant sales ) in fiscal 2019 to $ 38,442,000 ( 35.2 % of restaurant sales ) . bad daddy 's payroll and other employee benefit costs were $ 27,465,000 ( 36.0 % of restaurant sales ) for fiscal 2020 , down from $ 30,224,000 ( 37.9 % of restaurant sales ) in fiscal 2019. the $ 2,759,000 decrease was primarily attributable to lower restaurant sales during the current fiscal year versus the prior fiscal year . as a percent of sales , payroll and employee benefits costs decreased by 1.9 % primarily attributable to staffing reductions associated with the full and partial closures of our dining rooms for much of the third and fourth fiscal quarters as well as reductions in management staffing . good times payroll and other employee benefit costs were $ 10,977,000 ( 33.5 % of restaurant sales ) in fiscal 2020 , consistent with $ 10,997,000 ( 36.6 % of restaurant sales ) in fiscal 2019. payroll and other employee benefits decreased approximately $ 279,000 in fiscal 2020 due to one company-owned restaurant that was closed in december 2019. this was offset by a $ 259,000 increase in payroll and other employee benefit expenses primarily due to an increase in restaurant sales compared to the same prior year period . as a percent of sales , payroll and employee benefits costs decreased by 1.1 % in fiscal 2020 compared to fiscal 2019. this decrease is primarily attributable to the leveraging impact of the significant sales increases in the third and fourth fiscal quarters of 2020. the average wage paid to our employees increased approximately 4.2 % in fiscal 2020 compared to fiscal 2019. the 4.2 % increase is attributable to a very competitive labor market in colorado and state mandated increases in the minimum wage rate . occupancy costs : occupancy costs include rent , real and personal property taxes , common area maintenance expenses , licenses and insurance expense . for fiscal 2020 , occupancy costs increased $ 524,000 from $ 8,353,000 ( 7.6 % of restaurant sales ) in fiscal 2019 to $ 8,877,000 ( 8.1 % of restaurant sales ) . story_separator_special_tag the principal limitation of ebitda and adjusted ebitda is that they exclude significant expenses and income that are required by gaap to be recorded in the company 's financial statements . some of these limitations are : · adjusted ebitda does not reflect our cash expenditures , or future requirements , for capital expenditures or contractual commitments ; · adjusted ebitda does not reflect changes in , or cash requirements for , our working capital needs ; · adjusted ebitda does not reflect the interest expense , or the cash requirements necessary to service interest or principal payments , on our debts ; · although depreciation and amortization are non-cash charges , the assets being depreciated and amortized will often have to be replaced in the future , and adjusted ebitda does not reflect any cash requirements for such replacements ; · stock based compensation expense is and will remain a key element of our overall long-term incentive compensation package , although we exclude it as an expense when evaluating our ongoing performance for a particular period ; · adjusted ebitda does not reflect the impact of certain cash charges resulting from matters we consider not to be indicative of our ongoing operations ; and · other companies in our industry may calculate adjusted ebitda differently than we do , limiting its usefulness as a comparative measure . 29 because of these limitations , adjusted ebitda should not be considered in isolation or as a substitute for performance measures calculated in accordance with gaap . we compensate for these limitations by relying primarily on our gaap results and using adjusted ebitda only as a supplementary measure . you should review the reconciliation of net loss to ebitda and adjusted ebitda below and not rely on any single financial measure to evaluate our business . the following table reconciles net loss to ebitda and adjusted ebitda ( in thousands ) : replace_table_token_5_th ( a ) depreciation , amortization and preopening expenses are presented net of the share attributable to the non-controlling interest . ( 1 ) represents expenses directly associated with the opening of new restaurants , including preopening rent . ( 2 ) represents non-cash stock-based compensation as described in note 8 to the financial statements . ( 3 ) represents accrued one-time cash compensation cost associated with the separation of the company 's former ceo . ( 4 ) represents the excess of cash rent incurred over the amount of gaap rent recorded in the financial statements . ( 5 ) primarily related to deferred gains on previous sale-leaseback transactions on two good times restaurants . ( 6 ) represents costs recognized in connection the asset impairment charges as described in note 1 to the financial statements . depreciation and amortization , preopening expense , and asset impairment charge have been reduced by any amounts attributable to non-controlling interests . story_separator_special_tag application process , including guidance regarding required borrower certifications and requirements for forgiveness of loans made under the ppp . the company continues to track the guidance as it is released and assess and re-assess various aspects of its application as necessary based on the guidance . the company believes it qualifies for the ppp and is compliant in all aspects with its use of ppp funds , and expects to apply for forgiveness during 2021. however , in the absence of definitive guidance or regulations the company can not give any assurance that the loans will be forgivable in whole or in part . see “ item 1a risk factors ” . in the event that any portion of the loans are not forgiven in accordance with the ppp , the company will be required to pay the lender monthly payments of principal and interest in an aggregate amount of $ 489,000 to repay the ppp loans in full on or before april 29 , 2022. the sba has deferred loan payments to either ( 1 ) the date the sba remits our forgiveness to the lender , or ( 2 ) 10 months after the end of the covered period , which would be in august 2021. however , as of the date of this report we have not yet received a decision from the sba regarding forgiveness of our ppp loans or communication regarding the official end date of our deferral period . the loans may be prepaid by the company at any time prior to maturity with no prepayment penalties . the notes contain certifications and agreements related to the ppp , as well as customary default and other provisions . we reflect the full principal amount of the ppp loans as debt , accounting for such loans under asc 470 , with current maturities of approximately $ 5.2 million pursuant to the current payment amortization schedule . we intend to account for the forgiveness of such loans at the time such forgiveness is granted . 31 cash flows : net cash provided by operating activities was $ 8,369,000 for fiscal 2020 compared to net cash provided by operating activities of $ 6,771,000 in fiscal 2019. the net cash provided by operating activities for fiscal 2020 was the result of a net loss of $ 12,794,000 and non-cash reconciling items totaling $ 21,163,000 ( these reconciling items are comprised of 1 ) depreciation and amortization of general assets of $ 4,313,000 , 2 ) amortization of operating lease assets of $ 4,025,000 , 3 ) stock-based compensation expense of $ 283,000 , 4 ) impairment costs of 15,606,000 5 ) an increase in receivables and other assets of $ 364,000 , 6 ) an increase in deferred liabilities and accrued expenses of $ 782,000 , 7 ) a decrease in accounts payable of $ 496,000 and 8 ) a net increase in amounts related to our operating leases of $ 3,714,000 ) . net cash used in investing activities in fiscal 2020 was $ 2,604,000 compared to net cash used in investing activities of

liquidity and capital resources please see “ item 1 business-recent developments ” for a discussion of the covid-19 pandemic 's impact on our liquidity . cash and working capital : as of september 29 , 2020 , we had a working capital deficit of $ 5,145,000. our working capital position benefits from the fact that we generally collect cash from sales to customers the same day , or in the case of credit or debit card transactions , within a few days of the related sale , and we typically have two to four weeks to pay our vendors . this benefit may increase when new bad daddy 's and good times restaurants are opened . we believe that we will have sufficient capital to meet our working capital , long term debt obligations and recurring capital expenditure needs in fiscal 2021. as of september 29 , 2020 , we had total commitments outstanding of $ 353,000 related to construction contracts for bad daddy 's restaurants currently under development . we anticipate these commitments will be funded out of existing cash or future borrowings against the cadence credit facility . financing cadence credit facility : the company maintains a credit agreement with cadence bank ( “ cadence ” ) pursuant to which , as amended , cadence agreed to loan the company up to $ 17,000,000 with a maturity date of december 31 , 2021 ( the “ cadence credit facility ” ) . on february 21 , 2019 the cadence credit facility was amended , in connection with the repurchase of minority interests related to three bad daddy 's restaurants , to retroactively attribute ebitda previously attributed to non-controlling interests to the company for purposes of certain financial covenants . on december 9 , 2019 the cadence credit facility was amended in connection with the separation of the company 's former ceo , to amend the definition of “ consolidated ebitda ” for the purposes of financial covenants , to require certain installment payments , and to permit the company to make certain “ restricted payments ” ( as defined in the cadence credit facility ) . as amended by the various amendments , the cadence credit facility accrues commitment fees on the daily unused balance of the facility at a rate of 0.25 % .


 Write a concise suspicious activity report of the following text delimited by triple backquotes. Return your response as a formal report which covers the key points highlighting the location,dates,entity names and account holder information in chronological order of the text.
     ```liquidity and capital resources please see “ item 1 business-recent developments ” for a discussion of the covid-19 pandemic 's impact on our liquidity . cash and working capital : as of september 29 , 2020 , we had a working capital deficit of $ 5,145,000. our working capital position benefits from the fact that we generally collect cash from sales to customers the same day , or in the case of credit or debit card transactions , within a few days of the related sale , and we typically have two to four weeks to pay our vendors . this benefit may increase when new bad daddy 's and good times restaurants are opened . we believe that we will have sufficient capital to meet our working capital , long term debt obligations and recurring capital expenditure needs in fiscal 2021. as of september 29 , 2020 , we had total commitments outstanding of $ 353,000 related to construction contracts for bad daddy 's restaurants currently under development . we anticipate these commitments will be funded out of existing cash or future borrowings against the cadence credit facility . financing cadence credit facility : the company maintains a credit agreement with cadence bank ( “ cadence ” ) pursuant to which , as amended , cadence agreed to loan the company up to $ 17,000,000 with a maturity date of december 31 , 2021 ( the “ cadence credit facility ” ) . on february 21 , 2019 the cadence credit facility was amended , in connection with the repurchase of minority interests related to three bad daddy 's restaurants , to retroactively attribute ebitda previously attributed to non-controlling interests to the company for purposes of certain financial covenants . on december 9 , 2019 the cadence credit facility was amended in connection with the separation of the company 's former ceo , to amend the definition of “ consolidated ebitda ” for the purposes of financial covenants , to require certain installment payments , and to permit the company to make certain “ restricted payments ” ( as defined in the cadence credit facility ) . as amended by the various amendments , the cadence credit facility accrues commitment fees on the daily unused balance of the facility at a rate of 0.25 % .
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 Suspicious Activity Report : the average menu price increase was 4.0 % in 2020 over 2019. there were thirty restaurants included in the same store sales base at the end of the fiscal year . additionally , net revenues for fiscal 2020 were reduced by $ 148,000 in lower franchise royalties and license fees compared to the prior fiscal year , primarily related to the charlotte airport licensee . fiscal 2020 and fiscal 2019 include franchise advertising contributions of $ 13,000 and $ 14,000 , respectively . additional sales data related to bad daddy 's company-owned and joint-venture restaurants : replace_table_token_4_th good times restaurant sales increased $ 2,716,000 to $ 32,763,000 in fiscal 2020 from $ 30,047,000 in fiscal 2019. same store restaurant sales increased 7.9 % during fiscal 2020 compared to fiscal 2019 and benefitted from an extra operating week in the first fiscal quarter of 2020 which we estimate contributed approximately $ 460,000. restaurant sales increased $ 2,373,000 from the prior year due to the same store sales increase . one restaurant was not included in same store sales while closed for a major remodel in fiscal 2019. sales increased $ 359,000 in fiscal 2020 from the prior year due to the closure . one restaurant closed during fiscal 2020 and was excluded from same store sales . sales decreased $ 642,000 due to this closure . the average menu price increase in fiscal 2020 over fiscal 2019 was approximately 4.0 % . additionally , net revenues for fiscal 2020 were reduced by $ 26,000 in lower franchise revenues compared to fiscal 2019. fiscal 2020 and fiscal 2019 include franchise advertising contributions of $ 231,000 and $ 295,000 , respectively . average good times restaurant sales for company-operated restaurants open the entire fiscal year for fiscal 2020 and 2019 were as follows : fiscal year 2020 2019 company-operated $ 1,299,000 $ 1,166,000 during fiscal 2020 , company-operated good times restaurants ' sales for restaurants that had been open a full eighteen months ranged from a low of $ 846,000 to a high of $ 2,315,000. food and packaging costs : for fiscal 2020 , food and packaging costs decreased $ 1,076,000 from $ 32,471,000 ( 29.6 % of restaurant sales ) in fiscal 2019 to $ 31,395,000 ( 28.8 % of restaurant sales ) . 25 bad daddy 's food and packaging costs were $ 21,323,000 ( 27.9 % of restaurant sales ) in fiscal 2020 , down from $ 23,006,000 ( 28.8 % of restaurant sales ) in fiscal 2019. this decrease is primarily attributable to lower restaurant sales during the current fiscal year versus prior fiscal year . the decrease as a percent of sales is attributable to menu mix shift from a limited menu during the ongoing covid-19 pandemic , improved cost on soft beverage because refills are not available on off-premise sales , reduced discounting due to the reduction in on-premises sales , and increased pricing charged on sales through third-party delivery services , typically at a 10 % to 20 % premium to purchases made in-store or through our online ordering system . purchase prices generally increased on beef and bacon but generally decreased on chicken , on a year-over-year basis . good times food and packaging costs were $ 10,072,000 ( 30.7 % of restaurant sales ) in fiscal 2020 , up from $ 9,465,000 ( 31.5 % of restaurant sales ) in fiscal 2019 , the result of increased sales . this decrease as a percent of sales is due primarily to the impact of higher menu pricing and menu engineering , which offset purchase price increases on our primary ingredients . payroll and other employee benefit costs : for fiscal 2020 , payroll and other employee benefit costs decreased $ 2,779,000 from $ 41,221,000 ( 37.5 % of restaurant sales ) in fiscal 2019 to $ 38,442,000 ( 35.2 % of restaurant sales ) . bad daddy 's payroll and other employee benefit costs were $ 27,465,000 ( 36.0 % of restaurant sales ) for fiscal 2020 , down from $ 30,224,000 ( 37.9 % of restaurant sales ) in fiscal 2019. the $ 2,759,000 decrease was primarily attributable to lower restaurant sales during the current fiscal year versus the prior fiscal year . as a percent of sales , payroll and employee benefits costs decreased by 1.9 % primarily attributable to staffing reductions associated with the full and partial closures of our dining rooms for much of the third and fourth fiscal quarters as well as reductions in management staffing . good times payroll and other employee benefit costs were $ 10,977,000 ( 33.5 % of restaurant sales ) in fiscal 2020 , consistent with $ 10,997,000 ( 36.6 % of restaurant sales ) in fiscal 2019. payroll and other employee benefits decreased approximately $ 279,000 in fiscal 2020 due to one company-owned restaurant that was closed in december 2019. this was offset by a $ 259,000 increase in payroll and other employee benefit expenses primarily due to an increase in restaurant sales compared to the same prior year period . as a percent of sales , payroll and employee benefits costs decreased by 1.1 % in fiscal 2020 compared to fiscal 2019. this decrease is primarily attributable to the leveraging impact of the significant sales increases in the third and fourth fiscal quarters of 2020. the average wage paid to our employees increased approximately 4.2 % in fiscal 2020 compared to fiscal 2019. the 4.2 % increase is attributable to a very competitive labor market in colorado and state mandated increases in the minimum wage rate . occupancy costs : occupancy costs include rent , real and personal property taxes , common area maintenance expenses , licenses and insurance expense . for fiscal 2020 , occupancy costs increased $ 524,000 from $ 8,353,000 ( 7.6 % of restaurant sales ) in fiscal 2019 to $ 8,877,000 ( 8.1 % of restaurant sales ) . story_separator_special_tag the principal limitation of ebitda and adjusted ebitda is that they exclude significant expenses and income that are required by gaap to be recorded in the company 's financial statements . some of these limitations are : · adjusted ebitda does not reflect our cash expenditures , or future requirements , for capital expenditures or contractual commitments ; · adjusted ebitda does not reflect changes in , or cash requirements for , our working capital needs ; · adjusted ebitda does not reflect the interest expense , or the cash requirements necessary to service interest or principal payments , on our debts ; · although depreciation and amortization are non-cash charges , the assets being depreciated and amortized will often have to be replaced in the future , and adjusted ebitda does not reflect any cash requirements for such replacements ; · stock based compensation expense is and will remain a key element of our overall long-term incentive compensation package , although we exclude it as an expense when evaluating our ongoing performance for a particular period ; · adjusted ebitda does not reflect the impact of certain cash charges resulting from matters we consider not to be indicative of our ongoing operations ; and · other companies in our industry may calculate adjusted ebitda differently than we do , limiting its usefulness as a comparative measure . 29 because of these limitations , adjusted ebitda should not be considered in isolation or as a substitute for performance measures calculated in accordance with gaap . we compensate for these limitations by relying primarily on our gaap results and using adjusted ebitda only as a supplementary measure . you should review the reconciliation of net loss to ebitda and adjusted ebitda below and not rely on any single financial measure to evaluate our business . the following table reconciles net loss to ebitda and adjusted ebitda ( in thousands ) : replace_table_token_5_th ( a ) depreciation , amortization and preopening expenses are presented net of the share attributable to the non-controlling interest . ( 1 ) represents expenses directly associated with the opening of new restaurants , including preopening rent . ( 2 ) represents non-cash stock-based compensation as described in note 8 to the financial statements . ( 3 ) represents accrued one-time cash compensation cost associated with the separation of the company 's former ceo . ( 4 ) represents the excess of cash rent incurred over the amount of gaap rent recorded in the financial statements . ( 5 ) primarily related to deferred gains on previous sale-leaseback transactions on two good times restaurants . ( 6 ) represents costs recognized in connection the asset impairment charges as described in note 1 to the financial statements . depreciation and amortization , preopening expense , and asset impairment charge have been reduced by any amounts attributable to non-controlling interests . story_separator_special_tag application process , including guidance regarding required borrower certifications and requirements for forgiveness of loans made under the ppp . the company continues to track the guidance as it is released and assess and re-assess various aspects of its application as necessary based on the guidance . the company believes it qualifies for the ppp and is compliant in all aspects with its use of ppp funds , and expects to apply for forgiveness during 2021. however , in the absence of definitive guidance or regulations the company can not give any assurance that the loans will be forgivable in whole or in part . see “ item 1a risk factors ” . in the event that any portion of the loans are not forgiven in accordance with the ppp , the company will be required to pay the lender monthly payments of principal and interest in an aggregate amount of $ 489,000 to repay the ppp loans in full on or before april 29 , 2022. the sba has deferred loan payments to either ( 1 ) the date the sba remits our forgiveness to the lender , or ( 2 ) 10 months after the end of the covered period , which would be in august 2021. however , as of the date of this report we have not yet received a decision from the sba regarding forgiveness of our ppp loans or communication regarding the official end date of our deferral period . the loans may be prepaid by the company at any time prior to maturity with no prepayment penalties . the notes contain certifications and agreements related to the ppp , as well as customary default and other provisions . we reflect the full principal amount of the ppp loans as debt , accounting for such loans under asc 470 , with current maturities of approximately $ 5.2 million pursuant to the current payment amortization schedule . we intend to account for the forgiveness of such loans at the time such forgiveness is granted . 31 cash flows : net cash provided by operating activities was $ 8,369,000 for fiscal 2020 compared to net cash provided by operating activities of $ 6,771,000 in fiscal 2019. the net cash provided by operating activities for fiscal 2020 was the result of a net loss of $ 12,794,000 and non-cash reconciling items totaling $ 21,163,000 ( these reconciling items are comprised of 1 ) depreciation and amortization of general assets of $ 4,313,000 , 2 ) amortization of operating lease assets of $ 4,025,000 , 3 ) stock-based compensation expense of $ 283,000 , 4 ) impairment costs of 15,606,000 5 ) an increase in receivables and other assets of $ 364,000 , 6 ) an increase in deferred liabilities and accrued expenses of $ 782,000 , 7 ) a decrease in accounts payable of $ 496,000 and 8 ) a net increase in amounts related to our operating leases of $ 3,714,000 ) . net cash used in investing activities in fiscal 2020 was $ 2,604,000 compared to net cash used in investing activities of

