Quarterly report pursuant to Section 13 or 15(d)

Segment Information

v3.7.0.1
Segment Information
3 Months Ended
Mar. 31, 2017
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 comprised of: Full Service Hooters, Better Burger Fast Casual, 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 presented. The Company does not aggregate or review non-current assets at the segment level.

 

    Three Months Ended  
    March 31, 2017     March 31, 2016  
Revenue:            
Hooters Full Service   $ 3,135,463     $ 3,173,912  
Better Burgers Fast Casual     5,316,287       5,551,651  
Just Fresh Fast Casual     1,383,257       1,361,213  
Corporate and Other     24,990       25,000  
    $ 9,859,997     $ 10,111,776  
                 
Operating Income (Loss):                
Hooters Full Service   $ (42,846 )   $ 50,820  
Better Burgers Fast Casual     (169,110 )     (68,397 )
Just Fresh Fast Casual     63,640       (73,208 )
Corporate and Other     (841,072 )     (815,298 )
    $ (989,388 )   $ (906,083 )
                 
Depreciation and Amortization                
Hooters Full Service   $ 136,180     $ 129,277  
Better Burgers Fast Casual     376,631       365,131  
Just Fresh Fast Casual     79,726       75,123  
Corporate and Other     843       910  
    $ 593,380     $ 570,441  

 

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  
    March 31, 2017     March 31, 2016  
Revenue:            
United States   $ 7,912,094     $ 8,229,146  
South Africa     1,384,394       1,214,056  
Europe     563,509       668,574  
    $ 9,859,997     $ 10,111,776  
                 
Operating Income (Loss):                
United States   $ (941,072 )   $ (865,812 )
South Africa     (57,061 )     (60,057 )
Europe     8,745       19,786  
    $ (989,388 )   $ (906,083 )

 

    March 31, 2017     December 31, 2016  
Non-current Assets:                
United States   $ 26,761,752     $ 26,812,062  
South Africa     2,517,644       2,519,135  
Europe     2,364,896       2,361,246  
    $ 31,644,292     $ 31,692,443