| Schedule of Equity Method Investments |
Condensed financial information for Bagatelle Investors, Bagatelle NY, Bagatelle LA and One 29 Park as of, and for the periods ended September 30, 2014 and December 31, 2013 are as follows:
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September 30, 2014:
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|
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|
Bagatelle |
|
|
Bagatelle |
|
|
Bagatelle |
|
|
One 29 |
|
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|
Investors |
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|
NY |
|
|
LA |
|
|
Park |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Company ownership |
|
|
31.24 |
% |
|
|
5.23 |
%(1)
|
|
|
5.23 |
%(2)
|
|
|
10 |
% |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Current assets |
|
$ |
150,988 |
|
|
$ |
508,272 |
|
|
$ |
75,917 |
|
|
$ |
1,698,565 |
|
| Noncurrent assets |
|
|
2,007,891 |
|
|
|
2,546,310 |
|
|
|
530,351 |
|
|
|
1,173,548 |
|
| Current liabilities |
|
|
(3,406 |
) |
|
|
419,273 |
|
|
|
(1,332,034 |
) |
|
|
(358,963 |
) |
| Noncurrent liabilities |
|
|
- |
|
|
|
(194,991 |
) |
|
|
(26,543 |
) |
|
|
(4,051,990 |
) |
| Equity |
|
$ |
2,155,473 |
|
|
$ |
2,440,318 |
|
|
$ |
(752,309 |
) |
|
$ |
(1,538,840 |
) |
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|
|
|
|
|
|
|
|
|
|
|
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|
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|
Three months ended September 30, 2014: |
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| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Revenues |
|
|
- |
|
|
|
5,913,430 |
|
|
|
997,033 |
|
|
|
4,591,161 |
|
| Operating income (loss) |
|
|
109,780 |
|
|
|
803,508 |
|
|
|
(123,162 |
) |
|
|
(132,150 |
) |
| Net income (loss) |
|
|
109,780 |
|
|
|
701,424 |
|
|
|
(132,906 |
) |
|
|
(135,150 |
) |
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|
|
|
|
|
|
|
|
|
|
|
|
|
|
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|
| |
|
Nine months ended September 30, 2014: |
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|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Revenues |
|
$ |
- |
|
|
$ |
9,025,968 |
|
|
$ |
1,359,169 |
|
|
$ |
5,679,178 |
|
| Operating income (loss) |
|
|
214,986 |
|
|
|
1,,395,717 |
|
|
|
(204,230 |
) |
|
|
(72,347 |
) |
| Net income (loss) |
|
|
212,686 |
|
|
|
1,281,395 |
|
|
|
(217,082 |
) |
|
|
(75,346 |
) |
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|
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 |
|
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|
Three months ended September 30, 2013
|
|
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|
|
|
|
|
|
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|
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| Revenues |
|
- |
|
|
5,807,888 |
|
|
971,084 |
|
|
4,967,447 |
|
| Operating income (loss) |
|
112,740 |
|
|
1,456,247 |
|
|
(193,458 |
) |
|
(38,767 |
) |
| Net income (loss) |
|
110,891 |
|
|
827,817 |
|
|
(293,054 |
) |
|
(41,767 |
) |
| |
|
|
|
|
|
|
|
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|
Nine months ended September 30, 2013 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Revenues |
|
$ |
- |
|
|
$ |
8,747,933 |
|
|
$ |
1,236,199 |
|
|
$ |
7,242,579 |
|
| Operating income (loss) |
|
|
143,513 |
|
|
|
1,283,943 |
|
|
|
(518,716 |
) |
|
|
(203,,448) |
|
| Net income (loss) |
|
|
140,954 |
|
|
|
1,207,760 |
|
|
|
(537,865 |
) |
|
|
(206,488 |
) |
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(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%.
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(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%.
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