| 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 |
|
|
Nine Months Ended |
|
| |
|
September 30, 2018 |
|
|
September 30, 2017 |
|
|
September 30, 2018 |
|
|
September 30, 2017 |
|
| Revenue: |
|
|
|
|
|
|
|
|
|
|
|
|
| Hooters Full Service |
|
$ |
3,392,300 |
|
|
$ |
3,619,510 |
|
|
$ |
10,436,597 |
|
|
$ |
10,147,738 |
|
| Better Burgers Fast Casual |
|
|
5,692,004 |
|
|
|
5,850,061 |
|
|
|
16,854,025 |
|
|
|
17,176,891 |
|
| Just Fresh Fast Casual |
|
|
989,097 |
|
|
|
1,230,795 |
|
|
|
3,128,220 |
|
|
|
3,951,069 |
|
| Corporate and Other |
|
|
24,999 |
|
|
|
24,997 |
|
|
|
74,997 |
|
|
|
74,980 |
|
| |
|
$ |
10,098,400 |
|
|
$ |
10,725,363 |
|
|
$ |
30,493,839 |
|
|
$ |
31,350,678 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Operating Income (Loss):(1) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Hooters Full Service |
|
$ |
87,444 |
|
|
$ |
(485,844 |
) |
|
$ |
(1,174,320 |
) |
|
$ |
(1,075,460 |
) |
| Better Burgers Fast Casual |
|
|
(133,466 |
) |
|
|
(399,256 |
) |
|
|
(253,997 |
) |
|
|
(457,878 |
) |
| Just Fresh Fast Casual |
|
|
(21,280 |
) |
|
|
(28,301 |
) |
|
|
(64,057 |
) |
|
|
(74,185 |
) |
| Corporate and Other |
|
|
(604,014 |
) |
|
|
(485,044 |
) |
|
|
(1,980,129 |
) |
|
|
(1,861,764 |
) |
| |
|
$ |
(671,316 |
) |
|
$ |
(1,398,445 |
) |
|
$ |
(3,472,503 |
) |
|
$ |
(3,469,287 |
) |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Depreciation and Amortization |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Hooters Full Service |
|
$ |
95,509 |
|
|
$ |
128,857 |
|
|
$ |
303,682 |
|
|
$ |
407,795 |
|
| Better Burgers Fast Casual |
|
|
382,802 |
|
|
|
387,621 |
|
|
|
1,154,885 |
|
|
|
1,143,584 |
|
| Just Fresh Fast Casual |
|
|
44,525 |
|
|
|
55,476 |
|
|
|
133,575 |
|
|
|
214,928 |
|
| Corporate and Other |
|
|
844 |
|
|
|
844 |
|
|
|
2,531 |
|
|
|
2,530 |
|
| |
|
$ |
523,680 |
|
|
$ |
572,798 |
|
|
$ |
1,594,673 |
|
|
$ |
1,768,837 |
|
(1) Note that Operating Income (Loss) includes
non-cash impairment charges of $1.7 million and $1.5 for the nine months ended September 30, 2018 and 2017, respectively and $0
and $0.8 million for the three months ended September 30, 2018 and 2017, respectively.
|
| 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 |
|
|
Nine Months Ended |
|
| |
|
September 30, 2018 |
|
|
September 30, 2017 |
|
|
September 30, 2018 |
|
|
September 30, 2017 |
|
| Revenue: |
|
|
|
|
|
|
|
|
|
|
|
|
| United States |
|
$ |
8,038,545 |
|
|
$ |
8,353,053 |
|
|
$ |
23,984,963 |
|
|
$ |
24,863,979 |
|
| South Africa |
|
|
1,352,340 |
|
|
|
1,502,349 |
|
|
|
4,321,668 |
|
|
|
4,369,122 |
|
| Europe |
|
|
707,515 |
|
|
|
869,961 |
|
|
|
2,187,208 |
|
|
|
2,117,577 |
|
| |
|
$ |
10,098,400 |
|
|
$ |
10,725,363 |
|
|
$ |
30,493,839 |
|
|
$ |
31,350,678 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Operating Income (Loss):(1) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| United States |
|
$ |
(711,846 |
) |
|
$ |
(767,659 |
) |
|
$ |
(2,179,967 |
) |
|
$ |
(2,832,502 |
) |
| South Africa |
|
|
29,485 |
|
|
|
(684,022 |
) |
|
|
50,680 |
|
|
|
(769,536 |
) |
| Europe |
|
|
11,045 |
|
|
|
53,236 |
|
|
|
(1,343,215 |
) |
|
|
132,751 |
|
| |
|
$ |
(671,316 |
) |
|
$ |
(1,398,445 |
) |
|
$ |
(3,472,503 |
) |
|
$ |
(3,469,287 |
) |
| Non-current Assets: |
|
|
|
|
|
|
|
|
|
|
September 30, 2018 |
|
|
|
December 31, 2017 |
|
| United States |
|
|
|
|
|
|
|
|
|
$ |
24,771,692 |
|
|
$ |
24,630,101 |
|
| South Africa |
|
|
|
|
|
|
|
|
|
|
957,143 |
|
|
|
1,203,610 |
|
| Europe |
|
|
|
|
|
|
|
|
|
|
1,850,485 |
|
|
|
2,549,747 |
|
| |
|
|
|
|
|
|
|
|
|
$ |
27,579,320 |
|
|
$ |
28,383,458 |
|
(1) Note that Operating Income (Loss) includes
non-cash impairment charges of $1.7 million and $1.5 for the nine months ended September 30, 2018 and 2017, respectively and $0
and $0.8 million for the three months ended September 30, 2018 and 2017, respectively.
|