| Segment Information |
12.
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 presented. The Company does not aggregate
or review non-current assets at the segment level.
| |
|
Three Months Ended |
|
|
Six Months Ended |
|
| |
|
June 30, 2017 |
|
|
June 30, 2016 |
|
|
June 30, 2017 |
|
|
June 30, 2016 |
|
| Revenue: |
|
|
|
|
|
|
|
|
|
|
|
|
| Hooters Full Service |
|
$ |
3,392,766 |
|
|
$ |
3,338,259 |
|
|
$ |
6,528,229 |
|
|
$ |
6,512,172 |
|
| Better Burgers Fast Casual |
|
|
6,010,542 |
|
|
|
5,898,316 |
|
|
|
11,326,830 |
|
|
|
11,449,966 |
|
| Just Fresh Fast Casual |
|
|
1,337,017 |
|
|
|
1,490,419 |
|
|
|
2,720,274 |
|
|
|
2,851,632 |
|
| Corporate and Other |
|
|
24,992 |
|
|
|
25,000 |
|
|
|
49,982 |
|
|
|
50,000 |
|
| |
|
$ |
10,765,317 |
|
|
$ |
10,751,994 |
|
|
$ |
20,625,315 |
|
|
$ |
20,863,770 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Operating Income (Loss): |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Hooters Full Service |
|
$ |
(546,770 |
) |
|
$ |
54,196 |
|
|
$ |
(589,616 |
) |
|
$ |
43,744 |
|
| Better Burgers Fast Casual |
|
|
110,488 |
|
|
|
7,524 |
|
|
|
(58,622 |
) |
|
|
(60,514 |
) |
| Just Fresh Fast Casual |
|
|
(109,524 |
) |
|
|
45,753 |
|
|
|
(45,884 |
) |
|
|
(27,455 |
) |
| Corporate and Other |
|
|
(535,649 |
) |
|
|
(490,540 |
) |
|
|
(1,376,720 |
) |
|
|
(1,244,925 |
) |
| |
|
$ |
(1,081,455 |
) |
|
$ |
(383,067 |
) |
|
$ |
(2,070,842 |
) |
|
$ |
(1,289,150 |
) |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Depreciation and Amortization |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Hooters Full Service |
|
$ |
142,759 |
|
|
$ |
132,650 |
|
|
$ |
278,938 |
|
|
$ |
261,926 |
|
| Better Burgers Fast Casual |
|
|
379,331 |
|
|
|
365,092 |
|
|
|
755,963 |
|
|
|
730,224 |
|
| Just Fresh Fast Casual |
|
|
79,726 |
|
|
|
79,247 |
|
|
|
159,452 |
|
|
|
154,370 |
|
| Corporate and Other |
|
|
843 |
|
|
|
953 |
|
|
|
1,686 |
|
|
|
1,862 |
|
| |
|
$ |
602,659 |
|
|
$ |
577,942 |
|
|
$ |
1,196,039 |
|
|
$ |
1,148,382 |
|
The following are revenues
and operating income (loss) from continuing operations and non-current assets by geographic region as of and for the periods presented.
| |
|
Three Months Ended |
|
|
Six Months Ended |
|
| |
|
June 30, 2017 |
|
|
June 30, 2016 |
|
|
June 30, 2017 |
|
|
June 30, 2016 |
|
| Revenue: |
|
|
|
|
|
|
|
|
|
|
|
|
| United States |
|
$ |
8,598,831 |
|
|
$ |
8,675,754 |
|
|
$ |
16,510,926 |
|
|
$ |
16,904,900 |
|
| South Africa |
|
|
1,482,379 |
|
|
|
1,307,517 |
|
|
|
2,866,773 |
|
|
|
2,521,573 |
|
| Europe |
|
|
684,107 |
|
|
|
768,723 |
|
|
|
1,247,616 |
|
|
|
1,437,297 |
|
| |
|
$ |
10,765,317 |
|
|
$ |
10,751,994 |
|
|
$ |
20,625,315 |
|
|
$ |
20,863,770 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Operating Income (Loss): |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| United States |
|
$ |
(1,123,772 |
) |
|
$ |
(406,169 |
) |
|
$ |
(2,064,843 |
) |
|
$ |
(1,271,981 |
) |
| South Africa |
|
|
(28,453 |
) |
|
|
(57,571 |
) |
|
|
(85,514 |
) |
|
|
(117,629 |
) |
| Europe |
|
|
70,770 |
|
|
|
80,673 |
|
|
|
79,515 |
|
|
|
100,460 |
|
| |
|
$ |
(1,081,455 |
) |
|
$ |
(383,067 |
) |
|
$ |
(2,070,842 |
) |
|
$ |
(1,289,150 |
) |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Non-current Assets: |
|
|
|
|
|
|
|
|
|
|
June 30, 2017 |
|
|
|
December 31, 2016 |
|
| United States |
|
|
|
|
|
|
|
|
|
$ |
26,800,768 |
|
|
$ |
26,812,062 |
|
| South Africa |
|
|
|
|
|
|
|
|
|
|
1,299,979 |
|
|
|
2,519,135 |
|
| Europe |
|
|
|
|
|
|
|
|
|
|
2,466,918 |
|
|
|
2,361,246 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
$ |
30,567,665 |
|
|
$ |
31,692,443 |
|
|