Quarterly report pursuant to Section 13 or 15(d)

Significant Accounting Policies (Tables)

v3.10.0.1
Significant Accounting Policies (Tables)
 9 Months Ended
Sep. 30, 2018
Accounting Policies [Abstract]  
Schedule of Revenue Recognized

Revenue recognized for the three and nine-month periods ended September 30, 2018 under ASC-606 and revenue that would have been recognized had ASC-605 been applied is as follows:

 

    Three Months Ended September 30, 2018     Nine Months Ended September 30, 2018  
    As reported under ASC-606     If reported under ASC-605     Increase     As reported under ASC-606     If reported under ASC-605     Increase  
Restaurant sales, net   $ 9,848,302     $ 9,848,302     $ -     $ 29,802,969     $ 29,802,969     $ -  
Gaming income, net     111,301       111,301       -       285,578       285,578       -  
Management fee income     24,999       24,999       -       74,997       74,997       -  
Franchise income     113,798       93,088       20,710       330,295       268,165       62,130  
Total Revenue   $ 10,098,400     $ 10,077,690     $ 20,710     $ 30,493,839     $ 30,431,709     $ 62,130  

Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share

The following table summarizes the number of common shares potentially issuable upon the exercise of certain warrants and convertible notes payable as of September 30, 2018 and 2017 that have been excluded from the calculation of diluted net loss per common share since the effect would be antidilutive.

 

    September 30, 2018     September 30, 2017  
Warrants     2,571,829       1,862,758  
Convertible notes     300,000       366,667  
Total     2,871,829       2,229,425