Quarterly report pursuant to Section 13 or 15(d)

Segment Information

v3.4.0.3
Segment Information
3 Months Ended
Mar. 31, 2016
Segment Reporting [Abstract]  
Segment Information

13. SEGMENT INFORMATION

 

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 at the group level comprise of: Full Service Hooters, Better Burger Fast Casual and Just Fresh Fast Casual, and Corporate.

 

The following are revenues and operating income (loss) from continuing operations by segment as of and for the periods ended:

 

    Three Months Ended  
    March 31, 2016     March 31, 2015  
Revenue:                
Hooters Full Service   $ 4,679,854     $ 5,881,922  
Better Burgers Fast Casual     5,551,650       1,459,040  
Just Fresh Fast Casual     1,361,214       1,305,187  
Corporate and Other     25,000       25,000  
    $ 11,617,718     $ 8,671,149  
                 
Operating Income (Loss):                
Hooters Full Service   $ (679,055 )   $ (415,980 )
Better Burgers Fast Casual     (68,038 )     (312,662 )
Just Fresh Fast Casual     (73,208 )     42,801  
Corporate and Other     (754,384 )     (1,216,544 )
    $ (1,574,685 )   $ (1,902,385 )
                 
Depreciation and Amortization                
Hooters Full Service   $ 387,490     $ 230,352  
Better Burgers Fast Casual     365,132       145,715  
Just Fresh Fast Casual     75,123       61,469  
Corporate and Other     910       1,101  
    $ 828,655     $ 438,637  

 

The following are revenues and operating income (loss) from continuing operations for the periods ended March 31, 2016 and 2015 and long-lived assets by geographic area as of March 31, 2016 and December 31, 2015:

 

     Three Months Ended  
     March 31, 2016      March 31, 2015  
Revenue:                
United States   $ 8,229,146     $ 4,097,542  
South Africa     1,214,056       1,677,582  
Australia     1,406,488       1,971,597  
Europe     768,028       924,428  
    $ 11,617,718     $ 8,671,149  
                 
Operating Income (Loss):                
United States   $ (865,810 )   $ (1,491,129 )
South Africa     (60,058 )     (53,628 )
Australia     (639,934 )     (365,067 )
Europe     (8,883 )     7,439  
    $ (1,574,685 )   $ (1,902,385 )

 

      March 31, 2016       December 31, 2015  
Non-current Assets:                
United States   $ 27,697,112     $ 27,956,486  
South Africa     2,479,867       2,393,147  
Australia     4,736,791       4,781,020  
Europe     3,166,608       3,255,977  
                 
    $ 38,080,378     $ 38,386,630