| Schedule of Operating Results From Discontinued Assets and Liabilities |
Carrying amount of major classes of assets and liabilities
included as part of discontinued operations:
| |
|
June 30, 2016 |
|
|
December 31, 2015 |
|
| Cash |
|
$ |
177,404 |
|
|
$ |
303,471 |
|
| Accounts receivable |
|
|
21,600 |
|
|
|
19,328 |
|
| Inventory |
|
|
111,899 |
|
|
|
157,079 |
|
| Property, plant and equipment |
|
|
4,162,347 |
|
|
|
4,497,168 |
|
| Goodwill and intangible assets |
|
|
480,182 |
|
|
|
370,138 |
|
| Other Assets |
|
|
460,763 |
|
|
|
500,546 |
|
| Valuation allowance |
|
|
(3,740,688 |
) |
|
|
- |
|
| Total |
|
|
1,673,507 |
|
|
|
5,982,730 |
|
| |
|
|
|
|
|
|
|
|
| Accounts payable and accrued liabilities |
|
|
1,363,232 |
|
|
|
889,177 |
|
| Due to affiliates |
|
|
414,595 |
|
|
|
390,779 |
|
| Deferred rent |
|
|
54,724 |
|
|
|
58,647 |
|
| Total |
|
|
1,832,550 |
|
|
|
1,338,603 |
|
| |
|
|
|
|
|
|
|
|
| Net assets (liabilities) of discontinued operations |
|
$ |
(159,043 |
) |
|
$ |
4,644,126 |
|
|
| Schedule of Operating Results From Discontinued Operations Pre-Tax Loss |
Major line items constituting pre-tax loss of discontinued
operations:
| |
|
Six Months Ended |
|
| |
|
June 30, 2016 |
|
|
June 30, 2015 |
|
| |
|
|
|
|
|
|
| Revenue |
|
$ |
2,970,401 |
|
|
$ |
4,308,500 |
|
| Restaurant cost of sales |
|
|
1,042,543 |
|
|
|
1,426,151 |
|
| Restaurant operating expenses |
|
|
2,450,557 |
|
|
|
2,825,018 |
|
| Restaurant pre-opening and closing expenses |
|
|
- |
|
|
|
258,850 |
|
| General and administrative expenses |
|
|
254,174 |
|
|
|
467,062 |
|
| Depreciation and amortization |
|
|
436,144 |
|
|
|
227,693 |
|
| Other |
|
|
22,893 |
|
|
|
33,229 |
|
| Loss of discontinued operations |
|
|
(1,235,909 |
) |
|
|
(929,503 |
) |
| Loss on classification as held for sale |
|
|
(3,876,161 |
) |
|
|
- |
|
| Total pretax loss of discontinued operations |
|
$ |
(5,112,070 |
) |
|
$ |
(929,503 |
) |
| |
|
|
|
|
|
|
|
|
| Income tax |
|
|
- |
|
|
|
- |
|
| Loss on discontinued operations |
|
$ |
(5,112,070 |
) |
|
$ |
(929,503 |
) |
|