| Schedule of Revenues and Operating Income (loss) by Segment |
The
following are revenues and operating income (loss) from continuing operations by segment for the three and six months ended June
30, 2019 and 2018. The Company does not aggregate or review non-current assets at the segment level.
| |
|
Three Months Ended |
|
|
Six Months Ended |
|
| |
|
June 30, 2019 |
|
|
June 30, 2018 |
|
|
June 30, 2019 |
|
|
June 30, 2018 |
|
| Revenue: |
|
|
|
|
|
|
|
|
|
|
|
|
| Hooters Full Service |
|
$ |
3,344,002 |
|
|
$ |
3,513,223 |
|
|
$ |
6,690,585 |
|
|
$ |
7,044,297 |
|
| Better Burgers Fast Casual |
|
|
6,328,877 |
|
|
|
5,801,499 |
|
|
|
12,187,185 |
|
|
|
11,162,021 |
|
| Just Fresh Fast Casual |
|
|
1,012,894 |
|
|
|
1,060,203 |
|
|
|
1,980,773 |
|
|
|
2,139,123 |
|
| Corporate and Other |
|
|
25,000 |
|
|
|
24,999 |
|
|
|
50,000 |
|
|
|
49,998 |
|
| |
|
$ |
10,710,773 |
|
|
$ |
10,399,924 |
|
|
$ |
20,908,543 |
|
|
$ |
20,395,439 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Operating Income (Loss): |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Hooters Full Service |
|
$ |
(599,821 |
) |
|
$ |
73,791 |
|
|
|
(590,257 |
) |
|
$ |
(1,261,764 |
) |
| Better Burgers Fast Casual |
|
|
(1,281,727 |
) |
|
|
91,303 |
|
|
|
(1,973,802 |
) |
|
|
(120,531 |
) |
| Just Fresh Fast Casual |
|
|
(32,828 |
) |
|
|
637 |
|
|
|
(62,586 |
) |
|
|
(42,777 |
) |
| Corporate and Other |
|
|
(1,070,170 |
) |
|
|
(586,076 |
) |
|
|
(2,065,939 |
) |
|
|
(1,376,115 |
) |
| |
|
$ |
(2,984,546 |
) |
|
$ |
(420,345 |
) |
|
$ |
(4,692,584 |
) |
|
$ |
(2,801,187 |
) |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Depreciation and Amortization |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Hooters Full Service |
|
$ |
90,900 |
|
|
$ |
102,145 |
|
|
$ |
183,435 |
|
|
$ |
208,173 |
|
| Better Burgers Fast Casual |
|
|
416,983 |
|
|
|
382,801 |
|
|
|
820,715 |
|
|
|
772,083 |
|
| Just Fresh Fast Casual |
|
|
45,147 |
|
|
|
44,525 |
|
|
|
90,294 |
|
|
|
89,050 |
|
| Corporate and Other |
|
|
986 |
|
|
|
843 |
|
|
|
1,973 |
|
|
|
1,687 |
|
| |
|
$ |
554,016 |
|
|
$ |
530,314 |
|
|
$ |
1,096,417 |
|
|
$ |
1,070,993 |
|
|
| Summary of Revenues, Operating Loss, Long-Lived Assets By Geographic Area |
The
following are revenues and operating income (loss) from continuing operations by geographic region for the three and six months
ended June 30, 2019 and 2018:
| |
|
Three Months Ended |
|
|
Six Months Ended |
|
| |
|
June 30, 2019 |
|
|
June 30, 2018 |
|
|
June 30, 2019 |
|
|
June 30, 2018 |
|
| Revenue: |
|
|
|
|
|
|
|
|
|
|
|
|
| United States |
|
$ |
8,654,100 |
|
|
$ |
8,164,018 |
|
|
$ |
16,806,839 |
|
|
$ |
15,946,418 |
|
| South Africa |
|
|
1,346,939 |
|
|
|
1,467,909 |
|
|
|
2,739,242 |
|
|
|
2,969,328 |
|
| Europe |
|
|
709,734 |
|
|
|
767,997 |
|
|
|
1,362,462 |
|
|
|
1,479,693 |
|
| |
|
$ |
10,710,773 |
|
|
$ |
10,399,924 |
|
|
$ |
20,908,543 |
|
|
$ |
20,395,439 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Operating Income (Loss): |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| United States |
|
$ |
(2,970,515 |
) |
|
$ |
(505,109 |
) |
|
$ |
(4,699,865 |
) |
|
$ |
(1,468,121 |
) |
| South Africa |
|
|
(49,868 |
) |
|
|
10,649 |
|
|
|
(33,274 |
) |
|
|
21,194 |
|
| Europe |
|
|
35,837 |
|
|
|
74,115 |
|
|
|
40,555 |
|
|
|
(1,354,260 |
) |
| |
|
$ |
(2,984,546 |
) |
|
$ |
(420,345 |
) |
|
$ |
(4,692,584 |
) |
|
$ |
(2,801,187 |
) |
The
following are non-current assets by geographic region as of June 30, 2019 and December 31, 2018:
| Non-current Assets: |
|
June 30, 2019 (1) |
|
|
December 31, 2018 |
|
| United States |
|
$ |
39,310,602 |
|
|
$ |
24,795,368 |
|
| South Africa |
|
|
1,691,809 |
|
|
|
909,514 |
|
| Europe |
|
|
2,652,028 |
|
|
|
2,413,222 |
|
| |
|
$ |
43,654,439 |
|
|
$ |
28,118,104 |
|
| (1) |
No-current
assets increased due to the adoption of ASC 842 effective January 1, 2019. |
|