| Segments of Business |
14. SEGMENTS OF
BUSINESS
The Company is
in the business of operating restaurants and its operations are organized by geographic region and by brand within each region.
Further each restaurant location produces monthly financial statements at the individual store level. The Company’s chief
operating decision maker reviews revenues and profitability at the individual restaurant location level, as well as for Full Service
Hooters, Better Burger Fast Casual and Just Fresh Fast Casual level, and corporate as a group.
The following are
revenues and operating income (loss) from continuing operations by segment as of and for the years ended December 31, 2017 and
2016. The Company does not aggregate or review non-current assets at the segment level.
| |
|
Year Ended |
|
| |
|
December 31, 2017 |
|
|
December 31, 2016 |
|
| Revenue: |
|
|
|
|
|
|
| Hooters Full Service |
|
$ |
13,508,220 |
|
|
$ |
13,328,809 |
|
| Better Burgers Fast Casual |
|
|
22,764,571 |
|
|
|
22,588,557 |
|
| Just Fresh Fast Casual |
|
|
5,060,072 |
|
|
|
5,684,635 |
|
| Corporate and Other |
|
|
100,000 |
|
|
|
100,000 |
|
| |
|
$ |
41,432,863 |
|
|
$ |
41,702,001 |
|
| |
|
|
|
|
|
|
|
|
| Operating Income (Loss): |
|
|
|
|
|
|
|
|
| Hooters Full Service |
|
$ |
(1,188,598 |
) |
|
$ |
116,843 |
|
| Better Burgers Fast Casual |
|
|
(537,971 |
) |
|
|
(372,401 |
) |
| Just Fresh Fast Casual |
|
|
(256,319 |
) |
|
|
(33,529 |
) |
| Corporate and Other |
|
|
(3,252,489 |
) |
|
|
(2,330,801 |
) |
| |
|
|
|
|
|
|
|
|
| |
|
$ |
(5,235,377 |
) |
|
$ |
(2,619,888 |
) |
| |
|
|
|
|
|
|
|
|
| Depreciation and Amortization |
|
|
|
|
|
|
|
|
| Hooters Full Service |
|
$ |
496,996 |
|
|
$ |
534,210 |
|
| Better Burgers Fast Casual |
|
|
1,459,527 |
|
|
|
1,481,005 |
|
| Just Fresh Fast Casual |
|
|
322,904 |
|
|
|
323,108 |
|
| Corporate and Other |
|
|
3,374 |
|
|
|
3,374 |
|
| |
|
$ |
2,282,801 |
|
|
$ |
2,341,697 |
|
The following are
revenues and operating income (loss) from continuing operations and non-current assets by geographic region as of and for the years
ended December 31, 2017 and 2016.
| |
|
Year Ended |
|
| |
|
December 31, 2017 |
|
|
December 31, 2016 |
|
| Revenue: |
|
|
|
|
|
|
| United States |
|
$ |
32,804,708 |
|
|
$ |
33,374,791 |
|
| South Africa |
|
|
5,777,306 |
|
|
|
5,409,648 |
|
| Europe |
|
|
2,850,849 |
|
|
|
2,917,562 |
|
| |
|
$ |
41,432,863 |
|
|
$ |
41,702,001 |
|
| |
|
|
|
|
|
|
|
|
| Operating Income (Loss): |
|
|
|
|
|
|
|
|
| United States |
|
$ |
(4,554,429 |
) |
|
$ |
(2,712,766 |
) |
| South Africa |
|
|
(798,914 |
) |
|
|
(114,971 |
) |
| Europe |
|
|
117,966 |
|
|
|
207,849 |
|
| |
|
$ |
(5,235,377 |
) |
|
$ |
(2,619,888 |
) |
| Non-current Assets: |
|
|
December 31, 2017 |
|
|
|
December 31, 2016 |
|
| United States |
|
$ |
24,630,101 |
|
|
$ |
26,812,062 |
|
| South Africa |
|
|
1,203,610 |
|
|
|
2,519,135 |
|
| Europe |
|
|
2,549,747 |
|
|
|
2,361,246 |
|
| |
|
|
|
|
|
|
|
|
| |
|
$ |
28,383,458 |
|
|
$ |
31,692,443 |
|
|