| 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 |
|
|
Nine Months Ended |
|
| |
|
September 30, 2017 |
|
|
September 30, 2016 |
|
|
September 30, 2017 |
|
|
September 30, 2016 |
|
| Revenue: |
|
|
|
|
|
|
|
|
|
|
|
|
| Hooters Full Service |
|
$ |
3,619,510 |
|
|
$ |
3,682,340 |
|
|
$ |
10,147,738 |
|
|
$ |
10,194,512 |
|
| Better Burgers Fast Casual |
|
|
5,850,061 |
|
|
|
5,741,783 |
|
|
|
17,176,891 |
|
|
|
17,191,749 |
|
| Just Fresh Fast Casual |
|
|
1,230,795 |
|
|
|
1,527,516 |
|
|
|
3,951,069 |
|
|
|
4,379,148 |
|
| Corporate and Other |
|
|
24,999 |
|
|
|
25,000 |
|
|
|
74,980 |
|
|
|
75,000 |
|
| |
|
$ |
10,725,365 |
|
|
$ |
10,976,639 |
|
|
$ |
31,350,678 |
|
|
$ |
31,840,409 |
|
| Operating Income (Loss): |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Hooters Full Service |
|
$ |
(485,844 |
) |
|
$ |
37,728 |
|
|
$ |
(1,075,460 |
) |
|
$ |
81,473 |
|
| Better Burgers Fast Casual |
|
|
(399,256 |
) |
|
|
(151,958 |
) |
|
|
(457,878 |
) |
|
|
(212,472 |
) |
| Just Fresh Fast Casual |
|
|
(28,301 |
) |
|
|
49,942 |
|
|
|
(74,185 |
) |
|
|
22,487 |
|
| Corporate and Other |
|
|
(485,041 |
) |
|
|
(453,243 |
) |
|
|
(1,861,764 |
) |
|
|
(1,698,169 |
) |
| |
|
$ |
(1,398,442 |
) |
|
$ |
(517,531 |
) |
|
$ |
(3,469,287 |
) |
|
$ |
(1,806,681 |
) |
| Depreciation and Amortization |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Hooters Full Service |
|
$ |
128,858 |
|
|
$ |
143,691 |
|
|
$ |
407,795 |
|
|
$ |
405,617 |
|
| Better Burgers Fast Casual |
|
|
387,621 |
|
|
|
362,674 |
|
|
|
1,143,584 |
|
|
|
1,092,898 |
|
| Just Fresh Fast Casual |
|
|
55,476 |
|
|
|
83,117 |
|
|
|
214,928 |
|
|
|
237,487 |
|
| Corporate and Other |
|
|
843 |
|
|
|
951 |
|
|
|
2,530 |
|
|
|
2,813 |
|
| |
|
$ |
572,798 |
|
|
$ |
590,433 |
|
|
$ |
1,768,837 |
|
|
$ |
1,738,815 |
|
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 |
|
|
Nine Months Ended |
|
| |
|
September 30, 2017 |
|
|
September 30, 2016 |
|
|
September 30, 2017 |
|
|
September 30, 2016 |
|
| Revenue: |
|
|
|
|
|
|
|
|
|
|
|
|
| United States |
|
$ |
8,353,055 |
|
|
$ |
8,570,452 |
|
|
$ |
24,863,979 |
|
|
$ |
25,475,352 |
|
| South Africa |
|
|
1,502,349 |
|
|
|
1,495,757 |
|
|
|
4,369,122 |
|
|
|
4,017,330 |
|
| Europe |
|
|
869,961 |
|
|
|
910,430 |
|
|
|
2,117,577 |
|
|
|
2,347,727 |
|
| |
|
$ |
10,725,365 |
|
|
$ |
10,976,639 |
|
|
$ |
31,350,678 |
|
|
$ |
31,840,409 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Operating Income (Loss): |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| United States |
|
$ |
(1,401,618 |
) |
|
$ |
(550,833 |
) |
|
$ |
(2,832,502 |
) |
|
$ |
(1,822,814 |
) |
| South Africa |
|
|
(50,060 |
) |
|
|
(35,331 |
) |
|
|
(769,536 |
) |
|
|
(152,960 |
) |
| Europe |
|
|
53,236 |
|
|
|
68,633 |
|
|
|
132,751 |
|
|
|
169,093 |
|
| |
|
$ |
(1,398,442 |
) |
|
$ |
(517,531 |
) |
|
$ |
(3,469,287 |
) |
|
$ |
(1,806,681 |
) |
| Non-current Assets: |
|
|
September 30, 2017 |
|
|
|
December 31, 2016 |
|
| United States |
|
$ |
25,491,405 |
|
|
$ |
26,812,062 |
|
| South Africa |
|
|
1,200,622 |
|
|
|
2,519,135 |
|
| Europe |
|
|
2,527,931 |
|
|
|
2,361,246 |
|
| |
|
$ |
29,219,958 |
|
|
$ |
31,692,443 |
|
|