| Schedule of Revenues and Operating Income (loss) by Segment |
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, 2018 |
|
|
June 30, 2017 |
|
|
June 30, 2018 |
|
|
June 30, 2017 |
|
| Revenue: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Hooters Full Service |
|
$ |
3,513,223 |
|
|
$ |
3,392,765 |
|
|
$ |
7,044,297 |
|
|
$ |
6,528,228 |
|
| Better Burgers Fast Casual |
|
|
5,801,499 |
|
|
|
6,010,543 |
|
|
|
11,162,021 |
|
|
|
11,326,830 |
|
| Just Fresh Fast Casual |
|
|
1,060,203 |
|
|
|
1,337,017 |
|
|
|
2,139,123 |
|
|
|
2,720,274 |
|
| Corporate and Other |
|
|
24,999 |
|
|
|
24,993 |
|
|
|
49,998 |
|
|
|
49,983 |
|
| |
|
$ |
10,399,924 |
|
|
$ |
10,765,318 |
|
|
$ |
20,395,439 |
|
|
$ |
20,625,315 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Operating Income (Loss): (1) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Hooters Full Service |
|
$ |
73,791 |
|
|
$ |
(546,770 |
) |
|
$ |
(1,261,764 |
) |
|
$ |
(589,616 |
) |
| Better Burgers Fast Casual |
|
|
91,303 |
|
|
|
110,488 |
|
|
|
(120,531 |
) |
|
|
(58,622 |
) |
| Just Fresh Fast Casual |
|
|
637 |
|
|
|
(109,524 |
) |
|
|
(42,777 |
) |
|
|
(45,884 |
) |
| Corporate and Other |
|
|
(586,076 |
) |
|
|
(535,648 |
) |
|
|
(1,376,115 |
) |
|
|
(1,376,720 |
) |
| |
|
|
- |
|
|
|
- |
|
|
|
|
|
|
|
- |
|
| |
|
$ |
(420,345 |
) |
|
$ |
(1,081,454 |
) |
|
$ |
(2,801,187 |
) |
|
$ |
(2,070,842 |
) |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| (1) Note that Operating Income (Loss) includes $1.7 million and $0.6 million of non-cash impairment charges for the six months ended June 30, 2018 and 2017, respectively |
|
| |
|
|
|
|
| Depreciation and Amortization |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Hooters Full Service |
|
$ |
102,145 |
|
|
$ |
142,758 |
|
|
$ |
208,173 |
|
|
$ |
278,938 |
|
| Better Burgers Fast Casual |
|
|
382,801 |
|
|
|
379,332 |
|
|
|
772,083 |
|
|
|
755,963 |
|
| Just Fresh Fast Casual |
|
|
44,525 |
|
|
|
79,726 |
|
|
|
89,050 |
|
|
|
159,452 |
|
| Corporate and Other |
|
|
843 |
|
|
|
843 |
|
|
|
1,687 |
|
|
|
1,686 |
|
| |
|
$ |
530,314 |
|
|
$ |
602,659 |
|
|
$ |
1,070,993 |
|
|
$ |
1,196,039 |
|
|
| Summary of Revenues, Operating Loss, Long-Lived Assets By Geographic Area |
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, 2018 |
|
|
June 30, 2017 |
|
|
June 30, 2018 |
|
|
June 30, 2017 |
|
| Revenue: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| United States |
|
$ |
8,164,018 |
|
|
$ |
8,598,832 |
|
|
$ |
15,946,418 |
|
|
$ |
16,510,926 |
|
| South Africa |
|
|
1,467,909 |
|
|
|
1,482,379 |
|
|
|
2,969,328 |
|
|
|
2,866,773 |
|
| Europe |
|
|
767,997 |
|
|
|
684,107 |
|
|
|
1,479,693 |
|
|
|
1,247,616 |
|
| |
|
$ |
10,399,924 |
|
|
$ |
10,765,318 |
|
|
$ |
20,395,439 |
|
|
$ |
20,625,315 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Operating Income (Loss): (1) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| United States |
|
$ |
(505,109 |
) |
|
$ |
(1,123,771 |
) |
|
$ |
(1,468,121 |
) |
|
$ |
(2,064,843 |
) |
| South Africa |
|
|
10,649 |
|
|
|
(28,453 |
) |
|
|
21,195 |
|
|
|
(85,514 |
) |
| Europe |
|
|
74,115 |
|
|
|
70,770 |
|
|
|
(1,354,260 |
) |
|
|
79,515 |
|
| |
|
$ |
(420,345 |
) |
|
$ |
(1,081,454 |
) |
|
$ |
(2,801,187 |
) |
|
$ |
(2,070,842 |
) |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| (1) Note that Operating Income (Loss) includes $1.7 million of non-cash impairment charges |
|
| Non-current Assets: |
|
|
June 30, 2018 |
|
|
|
December 31, 2017 |
|
| United States |
|
$ |
24,207,242 |
|
|
$ |
24,630,101 |
|
| South Africa |
|
|
1,008,561 |
|
|
|
1,203,610 |
|
| Europe |
|
|
- |
|
|
|
2,549,747 |
|
| |
|
$ |
25,215,803 |
|
|
$ |
28,383,458 |
|
|