UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 10-Q
QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
For the quarterly period ended October 5, 1997
Commission File No. 0-24982
SILVER DINER, INC.
- --------------------------------------------------------------------------------
(Exact name of registrant as specified in its charter)
DELAWARE 04-3234411
- ------------------------------- ------------------------------------------
(State or other jurisdiction of (I.R.S. Employer Identification Number)
incorporation or organization)
11806 Rockville Pike, Rockville, Maryland, 20852
- --------------------------------------------------------------------------------
(Address of principal executive offices)
(301) 770-0333
- --------------------------------------------------------------------------------
(Registrant's telephone number)
SILVER DINER DEVELOPMENT, INC.
- --------------------------------------------------------------------------------
(Former name, former address and former fiscal year, if changed since the last
report)
Indicate by check mark whether the registrant (1) has filed all reports required
to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during
the preceding 12 months (or for such shorter period that the registrant was
required to file such reports), and (2) has been subject to such filing
requirements for the past 90 days.
Yes [X] No [ ].
Indicate the number of shares outstanding of each of the issuer's classes of
common stock, as of the latest practicable date:
Common Stock, $.00074 par value, outstanding as of October, 31, 1997:
11,647,601 shares
<PAGE>
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
SILVER DINER, INC.
_________________________________________
(Registrant)
November 19, 1997 /s/ Daniel P. Brannan
- ------------------- _________________________________________
Date Daniel P. Brannan
Vice President, Finance
(Duly Authorized Officer and Principal
Financial and Accounting Officer)
12
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<ARTICLE> 5
<S> <C>
<PERIOD-TYPE> 9-MOS
<FISCAL-YEAR-END> DEC-28-1997
<PERIOD-END> OCT-05-1997
<CASH> 3,859,952
<SECURITIES> 0
<RECEIVABLES> 0
<ALLOWANCES> 0
<INVENTORY> 145,530
<CURRENT-ASSETS> 4,266,107
<PP&E> 20,764,175
<DEPRECIATION> 3,700,692
<TOTAL-ASSETS> 24,417,768
<CURRENT-LIABILITIES> 2,457,004
<BONDS> 0
0
0
<COMMON> 8,593
<OTHER-SE> 20,721,111
<TOTAL-LIABILITY-AND-EQUITY> 24,417,768
<SALES> 18,321,416
<TOTAL-REVENUES> 18,321,416
<CGS> 5,271,664
<TOTAL-COSTS> 5,271,664
<OTHER-EXPENSES> 12,202,988
<LOSS-PROVISION> 0
<INTEREST-EXPENSE> 7,272
<INCOME-PRETAX> (1,382,242)
<INCOME-TAX> 0
<INCOME-CONTINUING> (1,382,242)
<DISCONTINUED> 0
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> (1,382,242)
<EPS-PRIMARY> (.12)
<EPS-DILUTED> (.12)
</TABLE>
