| Segments of Business |
14. SEGMENTS OF BUSINESS
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 individual restaurant location level, as well as for Full Service Hooters,
Better Burger Fast Casual and Just Fresh Fast Casual level, and corporate as a group.
The following are revenues
and operating income (loss) from continuing operations by segment as of and for the years ended December 31, 2016 and 2015. The
Company does not aggregate or review non-current assets at the segment level.
| |
|
Year Ended |
|
| |
|
December 31, 2016 |
|
|
December 31, 2015 |
|
| Revenue: |
|
|
|
|
|
|
|
|
| Hooters Full Service |
|
$ |
13,328,809 |
|
|
$ |
14,887,874 |
|
| Better Burgers Fast Casual |
|
|
22,588,557 |
|
|
|
14,542,094 |
|
| Just Fresh Fast Casual |
|
|
5,684,635 |
|
|
|
5,498,790 |
|
| Corporate and Other |
|
|
100,000 |
|
|
|
424,829 |
|
| |
|
$ |
41,702,001 |
|
|
$ |
35,353,587 |
|
| |
|
|
|
|
|
|
|
|
| Operating Income (Loss): |
|
|
|
|
|
|
|
|
| Hooters Full Service |
|
$ |
116,843 |
|
|
$ |
(194,442 |
) |
| Better Burgers Fast Casual |
|
|
(372,401 |
) |
|
|
(1,356,984 |
) |
| Just Fresh Fast Casual |
|
|
(33,529 |
) |
|
|
(33,248 |
) |
| Corporate and Other |
|
|
(2,330,801 |
) |
|
|
(3,495,125 |
) |
| |
|
$ |
(2,619,888 |
) |
|
$ |
(5,079,799 |
) |
| |
|
|
|
|
|
|
|
|
| Depreciation and Amortization |
|
|
|
|
|
|
|
|
| Hooters Full Service |
|
$ |
534,210 |
|
|
$ |
541,799 |
|
| Better Burgers Fast Casual |
|
|
1,481,005 |
|
|
|
969,331 |
|
| Just Fresh Fast Casual |
|
|
323,108 |
|
|
|
182,173 |
|
| Corporate and Other |
|
|
3,374 |
|
|
|
4,211 |
|
| |
|
$ |
2,341,697 |
|
|
$ |
1,697,514 |
|
The following are revenues
and operating income (loss) from continuing operations and non-current assets by geographic region as of and for the years ended
December 31, 2016 and 2015.
| |
|
Year Ended |
|
| |
|
December 31, 2016 |
|
|
December 31, 2015 |
|
| Revenue: |
|
|
|
|
|
|
|
|
| United States |
|
$ |
33,374,791 |
|
|
$ |
25,528,468 |
|
| South Africa |
|
|
5,409,648 |
|
|
|
6,430,524 |
|
| Europe |
|
|
2,917,562 |
|
|
|
3,394,595 |
|
| |
|
$ |
41,702,001 |
|
|
$ |
35,353,587 |
|
| |
|
|
|
|
|
|
|
|
| Operating Income (Loss): |
|
|
|
|
|
|
|
|
| United States |
|
$ |
(2,712,766 |
) |
|
$ |
(5,114,687 |
) |
| South Africa |
|
|
(114,971 |
) |
|
|
(162,228 |
) |
| Europe |
|
|
207,849 |
|
|
|
197,116 |
|
| |
|
$ |
(2,619,888 |
) |
|
$ |
(5,079,799 |
) |
| Non-current Assets: |
|
December 31, 2016 |
|
|
December 31, 2015 |
|
| United States |
|
$ |
26,812,062 |
|
|
$ |
33,417,290 |
|
| South Africa |
|
|
2,519,135 |
|
|
|
2,186,644 |
|
| Europe |
|
|
2,361,246 |
|
|
|
2,782,697 |
|
| |
|
$ |
31,692,443 |
|
|
$ |
38,386,631 |
|
|