Annual report pursuant to Section 13 and 15(d)

Segments of Business

v2.4.1.9
Segments of Business
 12 Months Ended
Dec. 31, 2014
Segment Reporting [Abstract]  
Segments of Business

16. SEGMENTS OF BUSINESS

 

As of December 31, 2012, the Company was organized into two business segments: (1) restaurant ownership and management and (2) investment management and consulting services businesses. However, the Company announced its intention to exit investment management and consulting services businesses in the first quarter of fiscal 2013 and effectuated such exit during the second quarter of fiscal 2013.

 

Accordingly as of December 31, 2014 and 2013, the Company operates and reports its results as a single operating segment.

  

The following are revenues, operating loss, and long-lived assets by geographic area as of and for the years ended December 31, 2104 and 2013.

 

    December 31,  
    2014     2013  
Revenue:                
United States   $ 12,941,648     $ 987,285  
South Africa     6,632,024       5,738,974  
Australia     5,613,381       -  
Europe     4,656,381       1,521,228  
    $ 29,843,434     $ 8,247,487  
                 
Operating Loss:                
United States   $ (4,886,279 )   $ (3,931,276 )
South Africa     (373,558 )     (386,168 )
Australia     (277,557 )     -  
Europe     (6,914 )     (288,911 )
    $ (5,544,308 )   $ (4,606,355 )
                 
Long Lived Assets:                
United States   $ 15,299,108     $ 13,661,243  
South Africa     2,172,528       2,191,584  
Australia     13,068,305       1,434,128  
Europe     3,648,133       941,963  
Brazil     135,000       145,555  
    $ 34,323,074     $ 18,374,473