| Segment Information |
13. SEGMENT
INFORMATION
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 Companys chief operating
decision maker reviews revenues and profitability at the at the group level comprise of: Full Service Hooters, Better Burger Fast
Casual and Just Fresh Fast Casual, and Corporate.
The following are
revenues and operating income (loss) from continuing operations by segment as of and for the periods ended:
| |
|
Three Months Ended |
|
|
Six Months Ended |
|
| |
|
June 30, 2016 |
|
|
June 30, 2015 |
|
|
June 30, 2016 |
|
|
June 30, 2015 |
|
| Revenue: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Hooters Full Service |
|
$ |
3,338,259 |
|
|
$ |
3,653,985 |
|
|
$ |
6,512,171 |
|
|
$ |
7,419,385 |
|
| Better Burgers Fast Casual |
|
|
5,898,316 |
|
|
|
3,455,838 |
|
|
|
11,449,966 |
|
|
|
4,914,878 |
|
| Just Fresh Fast Casual |
|
|
1,490,419 |
|
|
|
1,466,234 |
|
|
|
2,851,632 |
|
|
|
2,771,421 |
|
| Corporate and Other |
|
|
25,000 |
|
|
|
25,000 |
|
|
|
50,000 |
|
|
|
50,000 |
|
| |
|
$ |
10,751,994 |
|
|
$ |
8,601,057 |
|
|
$ |
20,863,770 |
|
|
$ |
15,155,684 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Operating Income (Loss): |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Hooters Full Service |
|
$ |
54,196 |
|
|
$ |
(66,400 |
) |
|
$ |
43,745 |
|
|
$ |
(90,006 |
) |
| Better Burgers Fast Casual |
|
|
7,524 |
|
|
|
(520,602 |
) |
|
|
(60,514 |
) |
|
|
(833,264 |
) |
| Just Fresh Fast Casual |
|
|
45,753 |
|
|
|
(5,507 |
) |
|
|
(27,455 |
) |
|
|
37,294 |
|
| Corporate and Other |
|
|
(490,540 |
) |
|
|
(993,729 |
) |
|
|
(1,244,925 |
) |
|
|
(2,210,273 |
) |
| |
|
$ |
(383,067 |
) |
|
$ |
(1,586,238 |
) |
|
$ |
(1,289,150 |
) |
|
$ |
(3,096,249 |
) |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Depreciation and Amortization |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Hooters Full Service |
|
$ |
132,650 |
|
|
$ |
136,931 |
|
|
$ |
261,926 |
|
|
$ |
275,596 |
|
| Better Burgers Fast Casual |
|
|
365,092 |
|
|
|
70,023 |
|
|
|
730,224 |
|
|
|
215,738 |
|
| Just Fresh Fast Casual |
|
|
79,247 |
|
|
|
64,193 |
|
|
|
154,370 |
|
|
|
125,662 |
|
| Corporate and Other |
|
|
953 |
|
|
|
1,159 |
|
|
|
1,862 |
|
|
|
2,259 |
|
| |
|
$ |
577,942 |
|
|
$ |
272,306 |
|
|
$ |
1,148,382 |
|
|
$ |
619,255 |
|
The following are
revenues and operating income (loss) from continuing operations for the periods ended June 30, 2016 and 2015 and long-lived assets
by geographic area as of June 30, 2016 and December 31, 2015:
| |
|
Three Months Ended |
|
|
Six Months Ended |
|
| |
|
June 30, 2016 |
|
|
June 30, 2015 |
|
|
June 30, 2016 |
|
|
June 30, 2015 |
|
| Revenue: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| United States |
|
$ |
8,675,755 |
|
|
$ |
6,230,214 |
|
|
$ |
16,904,900 |
|
|
$ |
10,327,757 |
|
| South Africa |
|
|
1,307,517 |
|
|
|
1,567,847 |
|
|
|
2,521,573 |
|
|
|
3,245,429 |
|
| Europe |
|
|
768,723 |
|
|
|
802,996 |
|
|
|
1,437,297 |
|
|
|
1,582,498 |
|
| |
|
$ |
10,751,994 |
|
|
$ |
8,601,057 |
|
|
$ |
20,863,770 |
|
|
$ |
15,155,684 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Operating Income (Loss): |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| United States |
|
$ |
(406,168 |
) |
|
$ |
(1,671,346 |
) |
|
$ |
(1,271,982 |
) |
|
$ |
(3,162,476 |
) |
| South Africa |
|
|
(57,571 |
) |
|
|
29,368 |
|
|
|
(117,629 |
) |
|
|
(24,260 |
) |
| Europe |
|
|
80,673 |
|
|
|
55,740 |
|
|
|
100,460 |
|
|
|
90,487 |
|
| |
|
$ |
(383,067 |
) |
|
$ |
(1,586,238 |
) |
|
$ |
(1,289,150 |
) |
|
$ |
(3,096,249 |
) |
| Non-current Assets: |
|
June 30, 2016 |
|
|
December 31, 2015 |
|
| United States |
|
$ |
27,218,192 |
|
|
$ |
27,348,207 |
|
| South Africa |
|
|
2,442,520 |
|
|
|
2,393,147 |
|
| Europe |
|
|
2,503,337 |
|
|
|
3,255,977 |
|
| |
|
|
|
|
|
|
|
|
| |
|
$ |
32,164,049 |
|
|
$ |
32,997,331 |
|
|