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CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE (LOSS) INCOME (USD $)
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3 Months Ended | 9 Months Ended | ||
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Sep. 30, 2014
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Sep. 30, 2013
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Sep. 30, 2014
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Sep. 30, 2013
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| Revenues: | ||||
| Owned unit net revenues | $ 10,444,821 | $ 8,948,532 | $ 28,722,921 | $ 27,463,562 |
| Management and incentive fee revenue | 1,945,363 | 2,137,086 | 6,207,523 | 5,585,556 |
| Total revenue | 12,390,184 | 11,085,618 | 34,930,444 | 33,049,118 |
| Owned operating expenses: | ||||
| Food and beverage costs | 2,811,806 | 2,382,470 | 7,482,382 | 7,212,356 |
| Unit operating expenses | 6,245,617 | 5,818,234 | 17,661,544 | 16,886,934 |
| General and administrative | 1,922,482 | 1,080,686 | 6,024,364 | 2,973,313 |
| Depreciation and amortization | 327,810 | 341,529 | 1,000,464 | 1,197,431 |
| Management and royalty fees | (35,214) | 18,331 | 60,324 | 58,640 |
| Pre-opening expenses | 315,905 | (161,064) | 1,149,078 | 211,330 |
| Transaction costs | 1,026,416 | 1,026,416 | ||
| Equity in income of investee companies | (268,660) | (163,375) | (588,996) | (563,583) |
| Derivative expense (income) | 991,588 | (1,793,124) | ||
| Interest expense, net of interest income | (6,268) | 235,507 | 52,220 | 614,642 |
| Other (income)expense | (1,227,698) | 90,605 | (1,157,067) | 279,918 |
| Total costs and expenses | 11,077,368 | 10,669,339 | 29,891,189 | 29,897,396 |
| Income from continuing operations before provision for income taxes | 1,312,816 | 416,279 | 5,039,255 | 3,151,722 |
| Provision for income taxes | 462,898 | 78,457 | 813,580 | 142,794 |
| Income from continuing operations | 849,918 | 337,822 | 4,225,675 | 3,008,928 |
| (Income) loss from discontinued operations, net of taxes | (177,050) | 2,346,651 | 1,094,376 | 5,705,458 |
| Net Income (loss) | 1,026,968 | (2,008,859) | 3,131,299 | (2,696,530) |
| Less: net income (loss) attributable to noncontrolling interest | 279,542 | 285,515 | 92,478 | (69,198) |
| Net income (loss) attributable to The ONE Group Hospitality, Inc. | 747,426 | (2,294,344) | 3,038,821 | (2,627,332) |
| Other comprehensive income | ||||
| Currency translation adjustment | (78,177) | 42,725 | (33,955) | 105,711 |
| Comprehensive income (loss) | $ 669,249 | $ (2,251,619) | $ 3,004,866 | $ (2,521,621) |
| Basic and diluted income (loss) per share: | ||||
| Continuing operations (basic) | $ 0.04 | $ 0.04 | $ 0.17 | $ 0.27 |
| Continuing operations (diluted) | $ 0.04 | $ 0.04 | $ 0.17 | $ 0.27 |
| Discontinued operations (basic and diluted) | $ 0.01 | $ (0.20) | $ (0.04) | $ (0.49) |
| Net income (loss) attributable to The ONE Group Hospitality, Inc. | $ 0.03 | $ (0.20) | $ 0.13 | $ (0.23) |
| Shares used in computing basic income (loss) per share | 24,940,195 | 11,631,400 | 24,942,328 | 11,631,400 |
| Shares used in computing diluted income (loss) per share | 24,940,195 | 11,631,400 | 25,942,328 | 11,631,400 |
| X | ||||||||||
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- Definition
The amount of food and beverage costs that are associated with the entity's normal revenue producing operation. No definition available.
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- Definition
Expenditures associated with transactions which are noncapital in nature and expensed as incurred. No definition available.
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- Definition
The amount of unit operating expenses that are associated with the entity's normal revenue producing operation. No definition available.
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- Definition
Amount after tax of increase (decrease) in equity from transactions and other events and circumstances from net income and other comprehensive income, attributable to parent entity. Excludes changes in equity resulting from investments by owners and distributions to owners. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Total costs of sales and operating expenses for the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The current period expense charged against earnings on long-lived, physical assets not used in production, and which are not intended for resale, to allocate or recognize the cost of such assets over their useful lives; or to record the reduction in book value of an intangible asset over the benefit period of such asset; or to reflect consumption during the period of an asset that is not used in production. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Amount of increase (decrease) in the fair value of derivatives recognized in the income statement. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Per basic and diluted share amount, after tax, of income (loss) from the day-to-day business activities of the discontinued operation, when the per share amount is the same. No definition available.
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| X | ||||||||||
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- Definition
The amount of net income or loss for the period per each share in instances when basic and diluted earnings per share are the same amount and reported as a single line item on the face of the financial statements. Basic earnings per share is the amount of net income or loss for the period per each share of common stock or unit outstanding during the reporting period. Diluted earnings per share includes the amount of net income or loss for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. No definition available.
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- Details
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- Definition
The aggregate total of expenses of managing and administering the affairs of an entity, including affiliates of the reporting entity, which are not directly or indirectly associated with the manufacture, sale or creation of a product or product line. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of Income (Loss) attributable to the noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
This element represents the income or loss from continuing operations attributable to the economic entity which may also be defined as revenue less expenses from ongoing operations, after income or loss from equity method investments, but before income taxes, extraordinary items, and noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
This element represents the income or loss from continuing operations attributable to the economic entity which may also be defined as revenue less expenses and taxes from ongoing operations before extraordinary items, and noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The amount of net income (loss) from continuing operations per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The amount of net income (loss) derived from continuing operations during the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Amount of income (loss) from a disposal group, net of income tax before extraordinary items allocable to noncontrolling interests. Includes, net of tax, income (loss) from operations during the phase-out period, gain (loss) on disposal, provision (or any reversals of earlier provisions) for loss on disposal, and adjustments of a prior period gain (loss) on disposal. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
This item represents the entity's proportionate share for the period of the net income (loss) of its investee (such as unconsolidated subsidiaries and joint ventures) to which the equity method of accounting is applied. This item includes income or expense related to stock-based compensation based on the investor's grant of stock to employees of an equity method investee. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The consolidated profit or loss for the period including the portion attributable to the noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The net amount of operating interest income (expense). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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| X | ||||||||||
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- Definition
Amount after tax and reclassification adjustments of gain (loss) on foreign currency translation adjustments, foreign currency transactions designated and effective as economic hedges of a net investment in a foreign entity and intra-entity foreign currency transactions that are of a long-term-investment nature. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition
The net amount of other income and expense amounts, the components of which are not separately disclosed on the income statement, resulting from ancillary business-related activities (that is, excluding major activities considered part of the normal operations of the business) also known as other nonoperating income (expense) recognized for the period. Such amounts may include: (a) dividends, (b) interest on securities, (c) net gains or losses on securities, (d) unusual costs, (e) gains or losses on foreign exchange transactions, and (f) miscellaneous other income and expense items. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Expenditures associated with opening new locations which are noncapital in nature and expensed as incurred. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Amount of revenue recognized from goods sold, services rendered, insurance premiums, or other activities that constitute an earning process. Includes, but is not limited to, investment and interest income before deduction of interest expense when recognized as a component of revenue, and sales and trading gain (loss). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition
Amount of expense related to royalty payments under a contractual arrangement such as payment for mineral and drilling rights and use of technology or intellectual property. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Aggregate revenue during the period from the sale of goods in the normal course of business, after deducting returns, allowances and discounts. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Aggregate revenue during the period from services rendered in the normal course of business, after deducting allowances and discounts. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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