Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS)

v2.4.1.9
CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) (USD $)
12 Months Ended
Dec. 31, 2014
Dec. 31, 2013
Revenues:    
Owned unit net revenues $ 40,499,590us-gaap_SalesRevenueGoodsNet $ 36,568,285us-gaap_SalesRevenueGoodsNet
Management and incentive fee revenue 8,823,318us-gaap_SalesRevenueServicesNet 7,336,628us-gaap_SalesRevenueServicesNet
Total revenue 49,322,908us-gaap_Revenues 43,904,913us-gaap_Revenues
Owned operating expenses:    
Food and beverage costs 10,425,500stks_FoodAndBeverageCosts 9,650,676stks_FoodAndBeverageCosts
Unit operating expenses 24,344,857stks_UnitOperatingExpenses 22,447,188stks_UnitOperatingExpenses
General and administrative, net 8,687,490us-gaap_GeneralAndAdministrativeExpense 10,777,805us-gaap_GeneralAndAdministrativeExpense
Depreciation and amortization 1,438,728us-gaap_DepreciationAndAmortization 1,456,736us-gaap_DepreciationAndAmortization
Management and royalty fees 81,608us-gaap_RoyaltyExpense 83,138us-gaap_RoyaltyExpense
Pre-opening expenses 3,890,295us-gaap_PreOpeningCosts 848,566us-gaap_PreOpeningCosts
Transaction costs 0stks_TransactionCosts 4,597,738stks_TransactionCosts
Equity in (income) of investee companies (1,149,060)us-gaap_IncomeLossFromEquityMethodInvestments (948,852)us-gaap_IncomeLossFromEquityMethodInvestments
Derivative (income) expense (3,854,000)us-gaap_DerivativeGainLossOnDerivativeNet 10,095,000us-gaap_DerivativeGainLossOnDerivativeNet
Interest expense, net of interest income 75,771us-gaap_InterestIncomeExpenseNet 768,152us-gaap_InterestIncomeExpenseNet
Other income, net (1,968,197)us-gaap_OtherNonoperatingIncomeExpense (649,642)us-gaap_OtherNonoperatingIncomeExpense
Total costs and expenses 41,972,992us-gaap_CostsAndExpenses 59,126,505us-gaap_CostsAndExpenses
Income (loss) from continuing operations before provision for income taxes 7,349,916us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest (15,221,592)us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
Provision for income taxes 817,288us-gaap_IncomeTaxExpenseBenefit 518,927us-gaap_IncomeTaxExpenseBenefit
Income (loss) from continuing operations 6,532,628us-gaap_IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest (15,740,519)us-gaap_IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
Loss from discontinued operations, net of taxes 1,492,556us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTax 6,112,956us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTax
Net income (loss) 5,040,072us-gaap_IncomeLossIncludingPortionAttributableToNoncontrollingInterest (21,853,475)us-gaap_IncomeLossIncludingPortionAttributableToNoncontrollingInterest
Less: net income (loss) attributable to noncontrolling interest 409,913us-gaap_IncomeLossAttributableToNoncontrollingInterest (384,261)us-gaap_IncomeLossAttributableToNoncontrollingInterest
Net income (loss) attributable to The ONE Group Hospitality, Inc. 4,630,159us-gaap_NetIncomeLoss (21,469,214)us-gaap_NetIncomeLoss
Other comprehensive income (loss)    
Currency translation adjustment (280,098)us-gaap_OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax 61,494us-gaap_OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
Comprehensive income (loss) $ 4,350,061us-gaap_ComprehensiveIncomeNetOfTax $ (21,407,720)us-gaap_ComprehensiveIncomeNetOfTax
Basic and diluted (loss) income per share:    
Continuing operations (in USD per share) $ 0.26us-gaap_IncomeLossFromContinuingOperationsPerBasicAndDilutedShare $ (1.09)us-gaap_IncomeLossFromContinuingOperationsPerBasicAndDilutedShare
Discontinued operations (in USD per share) $ (0.06)us-gaap_DiscontinuedOperationIncomeLossFromDiscontinuedOperationNetOfTaxPerBasicAndDilutedShare $ (0.42)us-gaap_DiscontinuedOperationIncomeLossFromDiscontinuedOperationNetOfTaxPerBasicAndDilutedShare
Net income (loss) attributable to The ONE Group Hospitality, Inc. (in USD per share) $ 0.19us-gaap_EarningsPerShareBasicAndDiluted $ (1.49)us-gaap_EarningsPerShareBasicAndDiluted
Shares used in computing basic and diluted income (loss) per share (shares) 24,940,195us-gaap_WeightedAverageNumberOfShareOutstandingBasicAndDiluted 14,440,389us-gaap_WeightedAverageNumberOfShareOutstandingBasicAndDiluted