| Schedule of Equity Method Investments |
Condensed financial information for Bagatelle Investors, Bagatelle NY, Bagatelle LA and One 29 Park as of, and for the years ended December 31, 2013 and 2012 are as follows:
| | | | December 31, 2013: | |
| | | | Bagatelle | | | Bagatelle | | | | Bagatelle | | | | One 29 | |
| | | | Investors | | | NY | | | | LA | | | | Park | |
| | | | | | | | | | | | | | | | | |
| Company ownership | | | 31.24 | % | | | 5.23 | %(1) | | | 5.23 | %(2) | | | 10 | % |
| | | | | | | | | | | | | | | | | |
| Current assets | | $ | 164,662 | | | $ | 1,628,639 | | | $ | 94,634 | | | $ | 2,136,179 | |
| Noncurrent assets | | | 2,944,785 | | | | 2,708,504 | | | | 587,861 | | | | 1,182,845 | |
| Current liabilities | | | (1,471 | ) | | | (707,324 | ) | | | (1,187,803 | ) | | | (750,430 | ) |
| Noncurrent liabilities | | | - | | | | (171,996 | ) | | | (26,771 | ) | | | - | |
| Equity | | $ | 3,107,976 | | | $ | 3,457,823 | | | $ | (532,079 | ) | | $ | 2,568,594 | |
| | | | | | | | | | | | | | | | | |
| Revenues | | $ | - | | | $ | 12,137,584 | | | $ | 1,660,135 | | | $ | 10,454,523 | |
| Operating income (loss) | | | 271,606 | | | | 1,987,230 | | | | (665,838 | ) | | | 2,014,725 | |
| Net income (loss) | | | 271,606 | | | | 1,928,587 | | | | (665,838 | ) | | | 371,739 | |
|
| | December 31, 2012: | |
|
| | Bagatelle | |
| Bagatelle |
| | Bagatelle | | | One 29 | |
| | | Investors | |
| NY |
| | LA | | | Park | |
| Company ownership |
|
| 31.24 | % |
|
| 5.23 | %(1) |
|
| 5.23 | %(2) |
|
| 10 | % |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Current assets |
| $ | 684,095 |
|
| $ | 1,165,932 |
|
| $ | 107,517 |
|
| $ | 1,673,947 |
|
| Noncurrent assets |
|
| 3,229,291 |
|
|
| 2,702,895 |
|
|
| 674,312 |
|
|
| 1,171,226 |
|
| Current liabilities |
|
| (117,017 | ) |
|
| (1,512,816 | ) |
|
| (626,338 | ) |
|
| (567,270 | ) |
| Noncurrent liabilities |
| | - | |
|
| (119,956 | ) |
| | (21,732 | ) |
| | - | |
| Equity |
| $ | 3,796,369 | |
| $ | 2,236,055 |
|
| $ | 133,759 | |
| $ | 2,277,903 | |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Revenues |
| $ | - |
|
| $ | 6,089,189 |
|
| $ | 1,745,057 |
|
| $ | 10,911,564 |
|
| Operating income (loss) |
|
| (184,380 | ) |
|
| 105,420 |
|
|
| (995,511 | ) |
|
| 2,185,157 |
|
| Net income (loss) |
|
| (184,380 | ) |
|
| 79,416 |
|
|
| (1,002,842 | ) |
|
| 499,847 |
|
| | (1) | This reflects the Company's direct ownership of 5.23% in Bagatelle NY. In addition, the Company has indirect ownership through Bagatelle Investors as well as one of its subsidiaries of 45.90% for a total effective ownership of 51.13% |
| | (2) | This reflects the Company's direct ownership of 5.23% in Bagatelle LA. In addition, the Company has indirect ownership through Bagatelle Investors as well as one of its subsidiaries of 38.10% for a total effective ownership of 43.33%. |
|