| 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 Company’s chief operating decision maker
reviews revenues and profitability at the at the group level comprised of: Full Service Hooters, Better Burger Fast Casual, 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 |
|
|
Nine Months Ended |
|
| |
|
September 30, 2016 |
|
|
September 30, 2015 |
|
|
September 30, 2016 |
|
|
September 30, 2015 |
|
| Revenue: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Hooters Full Service |
|
$ |
3,682,340 |
|
|
$ |
3,648,509 |
|
|
$ |
10,194,512 |
|
|
$ |
11,067,894 |
|
| Better Burgers Fast Casual |
|
|
5,741,783 |
|
|
|
4,184,831 |
|
|
|
17,191,749 |
|
|
|
9,099,709 |
|
| Just Fresh Fast Casual |
|
|
1,527,516 |
|
|
|
1,419,857 |
|
|
|
4,379,148 |
|
|
|
4,191,278 |
|
| Corporate and Other |
|
|
25,000 |
|
|
|
25,000 |
|
|
|
75,000 |
|
|
|
75,000 |
|
| |
|
$ |
10,976,639 |
|
|
$ |
9,278,197 |
|
|
$ |
31,840,409 |
|
|
$ |
24,433,881 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Operating Income (Loss): |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Hooters Full Service |
|
$ |
37,728 |
|
|
$ |
14,213 |
|
|
$ |
81,473 |
|
|
$ |
(75,793 |
) |
| Better Burgers Fast Casual |
|
|
(151,958 |
) |
|
|
(252,456 |
) |
|
|
(212,472 |
) |
|
|
(1,085,720 |
) |
| Just Fresh Fast Casual |
|
|
49,942 |
|
|
|
(2,370 |
) |
|
|
22,487 |
|
|
|
34,924 |
|
| Corporate and Other |
|
|
(453,243 |
) |
|
|
(843,037 |
) |
|
|
(1,698,170 |
) |
|
|
(3,053,309 |
) |
| |
|
$ |
(517,531 |
) |
|
$ |
(1,083,650 |
) |
|
$ |
(1,806,682 |
) |
|
$ |
(4,179,898 |
) |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Depreciation and Amortization |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Hooters Full Service |
|
$ |
143,691 |
|
|
$ |
121,180 |
|
|
$ |
405,617 |
|
|
$ |
396,776 |
|
| Better Burgers Fast Casual |
|
|
362,674 |
|
|
|
203,865 |
|
|
|
1,092,898 |
|
|
|
419,603 |
|
| Just Fresh Fast Casual |
|
|
83,117 |
|
|
|
27,915 |
|
|
|
237,487 |
|
|
|
153,577 |
|
| Corporate and Other |
|
|
952 |
|
|
|
1,159 |
|
|
|
2,814 |
|
|
|
3,418 |
|
| |
|
$ |
590,433 |
|
|
$ |
354,119 |
|
|
$ |
1,738,815 |
|
|
$ |
973,374 |
|
The following are revenues
and operating income (loss) from continuing operations for the periods ended September 30, 2016 and 2015 and long-lived assets
by geographic area as of September 30, 2016 and December 31, 2015:
| |
|
Three Months Ended |
|
|
Nine Months Ended |
|
| |
|
September 30, 2016 |
|
|
September 30, 2015 |
|
|
September 30, 2016 |
|
|
September 30, 2015 |
|
| Revenue: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| United States |
|
$ |
8,570,452 |
|
|
$ |
6,872,530 |
|
|
$ |
25,475,352 |
|
|
$ |
17,200,287 |
|
| South Africa |
|
|
1,495,757 |
|
|
|
1,380,665 |
|
|
|
4,017,330 |
|
|
|
4,626,094 |
|
| Europe |
|
|
910,430 |
|
|
|
1,025,002 |
|
|
|
2,347,727 |
|
|
|
2,607,500 |
|
| |
|
$ |
10,976,639 |
|
|
$ |
9,278,197 |
|
|
$ |
31,840,409 |
|
|
$ |
24,433,881 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Operating Income (Loss): |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| United States |
|
$ |
(550,833 |
) |
|
$ |
(1,105,160 |
) |
|
$ |
(1,822,815 |
) |
|
$ |
(4,267,634 |
) |
| South Africa |
|
|
(35,331 |
) |
|
|
(18,918 |
) |
|
|
(152,960 |
) |
|
|
(43,178 |
) |
| Europe |
|
|
68,633 |
|
|
|
40,427 |
|
|
|
169,093 |
|
|
|
130,914 |
|
| |
|
$ |
(517,531 |
) |
|
$ |
(1,083,650 |
) |
|
$ |
(1,806,682 |
) |
|
$ |
(4,179,898 |
) |
| Non-current Assets: |
|
September 30, 2016 |
|
|
December 31, 2015 |
|
| United States |
|
$ |
26,999,535 |
|
|
$ |
33,106,913 |
|
| South Africa |
|
|
2,547,318 |
|
|
|
2,428,290 |
|
| Europe |
|
|
2,450,491 |
|
|
|
2,851,428 |
|
| |
|
|
|
|
|
|
|
|
| |
|
$ |
31,997,344 |
|
|
$ |
38,386,631 |
|
|