{"schema_version":"secwatch.filing_event.v1","accession":"0000779544-25-000031","form_type":"8-K","ticker":"ARKR","cik":"0000779544","company_name":"ARK RESTAURANTS CORP","filed_at":"2025-08-11T23:59:59+00:00","discovered_at":"2026-05-14T18:02:46.357839+00:00","generated_at":"2026-05-17T15:54:14.000393+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"Ark Restaurants Q3 net loss of $3.45M; Bryant Park litigation costs $800K, Sequoia impairment $4.7M","bullets":["$0.96 diluted EPS loss vs. $0.18 gain YoY; revenue $43.7M, down 13% (excluding divested units) due to Bryant Park event business decline.","Litigation over Bryant Park leases cost >$800K in Q3; lease expired, landlord selected new operator, company appealing injunction denial.","Sequoia (DC) recognized $4.7M non-cash impairment (ROU+long-lived); total goodwill impairment $3.44M in FY25; deferred tax valuation allowance $4.8M.","Adjusted EBITDA $1.79M vs. $3.38M prior; same-store sales down 7.4% in Q3, largely at Bryant Park Grill.","Credit agreement maturity extended to June 2028; facility reduced to $20M; tangible net worth covenant raised to $28M."],"urls":{"canonical":"https://secwatch.observer/filing/0000779544-25-000031","json":"https://secwatch.observer/filing/0000779544-25-000031.json","markdown":"https://secwatch.observer/filing/0000779544-25-000031.md","text":"https://secwatch.observer/filing/0000779544-25-000031.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/779544/000077954425000031/0000779544-25-000031-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/779544/000077954425000031/arkr-20250811.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-17T15:54:14.000393+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}