Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED STATEMENTS OF CASH FLOWS

v2.4.1.9
CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
12 Months Ended
Dec. 31, 2014
Dec. 31, 2013
Operating activities:    
Net income (loss) $ 5,040,072us-gaap_IncomeLossIncludingPortionAttributableToNoncontrollingInterest $ (21,853,475)us-gaap_IncomeLossIncludingPortionAttributableToNoncontrollingInterest
Adjustments to reconcile net loss to net cash (used in) provided by operating activities:    
Depreciation and amortization 1,438,728us-gaap_DepreciationDepletionAndAmortization 1,456,736us-gaap_DepreciationDepletionAndAmortization
Deferred rent payable 3,087,012us-gaap_OtherNoncashExpense 690,608us-gaap_OtherNoncashExpense
Deferred taxes 197,276us-gaap_DeferredIncomeTaxesAndTaxCredits 116,688us-gaap_DeferredIncomeTaxesAndTaxCredits
(Income) loss on equity method investments (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
Stock-based compensation 538,954us-gaap_ShareBasedCompensation 350,540us-gaap_ShareBasedCompensation
Impairment of fixed assets 467,238us-gaap_AssetImpairmentCharges  
Control premium 0stks_ControlPremiumAdjustments 5,000,000stks_ControlPremiumAdjustments
Changes in operating assets and liabilities:    
Accounts receivable (1,484,642)us-gaap_IncreaseDecreaseInAccountsReceivable 470,179us-gaap_IncreaseDecreaseInAccountsReceivable
Inventory (160,913)us-gaap_IncreaseDecreaseInInventories 387,789us-gaap_IncreaseDecreaseInInventories
Prepaid expenses and other current assets (1,104,441)us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets (520,065)us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
Security deposits (1,383,765)us-gaap_IncreaseDecreaseInSecurityDeposits (9,900)us-gaap_IncreaseDecreaseInSecurityDeposits
Other assets 540,433us-gaap_IncreaseDecreaseInOtherOperatingAssets (441,479)us-gaap_IncreaseDecreaseInOtherOperatingAssets
Accounts payable 727,171us-gaap_IncreaseDecreaseInAccountsPayable (1,699,823)us-gaap_IncreaseDecreaseInAccountsPayable
Accrued expenses (1,115,479)us-gaap_IncreaseDecreaseInAccruedLiabilities 723,076us-gaap_IncreaseDecreaseInAccruedLiabilities
Deferred revenue 127,950us-gaap_IncreaseDecreaseInDeferredRevenue (20,001)us-gaap_IncreaseDecreaseInDeferredRevenue
Net cash provided by (used in) operating activities 1,912,534us-gaap_NetCashProvidedByUsedInOperatingActivities (6,202,979)us-gaap_NetCashProvidedByUsedInOperatingActivities
Investing activities:    
Purchase of property and equipment (7,276,180)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment (1,233,232)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment
Purchase of minority interests (75,000)us-gaap_PaymentsToAcquireLimitedPartnershipInterests (5,662,000)us-gaap_PaymentsToAcquireLimitedPartnershipInterests
Distribution from equity investment 885,888us-gaap_PaymentsForProceedsFromInvestments 343,363us-gaap_PaymentsForProceedsFromInvestments
Due from related parties (920,225)us-gaap_IncreaseDecreaseInDueFromRelatedParties (683,896)us-gaap_IncreaseDecreaseInDueFromRelatedParties
Net cash used in investing activities (7,385,517)us-gaap_NetCashProvidedByUsedInInvestingActivities (7,235,765)us-gaap_NetCashProvidedByUsedInInvestingActivities
Financing activities:    
Cash overdraft (171,245)us-gaap_ProceedsFromRepaymentsOfBankOverdrafts (318,198)us-gaap_ProceedsFromRepaymentsOfBankOverdrafts
Proceeds from line of credit 9,029,261us-gaap_ProceedsFromLinesOfCredit 7,175,000us-gaap_ProceedsFromLinesOfCredit
Repayment of line of credit (6,951,056)us-gaap_RepaymentsOfLinesOfCredit (5,335,913)us-gaap_RepaymentsOfLinesOfCredit
Proceeds from Term Loan 1,079,930us-gaap_ProceedsFromIssuanceOfMediumTermNotes 0us-gaap_ProceedsFromIssuanceOfMediumTermNotes
Repayment of notes payable (15,000)us-gaap_RepaymentsOfNotesPayable (320,000)us-gaap_RepaymentsOfNotesPayable
Proceeds from member loans 0us-gaap_ProceedsFromRelatedPartyDebt 578,915us-gaap_ProceedsFromRelatedPartyDebt
Repayment of member loans 0us-gaap_RepaymentsOfRelatedPartyDebt (5,606,528)us-gaap_RepaymentsOfRelatedPartyDebt
Issuance of restricted stock 0stks_ProceedsFromIssuanceOfRestrictedStock 6stks_ProceedsFromIssuanceOfRestrictedStock
Contributions from members 0us-gaap_ProceedsFromOtherEquity 520,000us-gaap_ProceedsFromOtherEquity
Proceeds from merger 0us-gaap_CashAcquiredFromAcquisition 15,453,217us-gaap_CashAcquiredFromAcquisition
Proceeds from equity offering, net of issuance costs 0us-gaap_ProceedsFromIssuanceOfCommonStock 13,251,514us-gaap_ProceedsFromIssuanceOfCommonStock
Distributions to members (977,867)stks_PaymentsForDistributionsMadeToLimitedLiabilityCompanyLLCMembers (1,383,407)stks_PaymentsForDistributionsMadeToLimitedLiabilityCompanyLLCMembers
Net cash provided by financing activities 1,994,023us-gaap_NetCashProvidedByUsedInFinancingActivities 24,014,606us-gaap_NetCashProvidedByUsedInFinancingActivities
Effect of exchange rate changes on cash (297,122)us-gaap_EffectOfExchangeRateOnCash 61,494us-gaap_EffectOfExchangeRateOnCash
Net (decrease) increase in cash and cash equivalents (3,776,082)us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease 10,637,356us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease
Cash and cash equivalents, beginning of year 11,681,086us-gaap_CashAndCashEquivalentsAtCarryingValue 1,043,730us-gaap_CashAndCashEquivalentsAtCarryingValue
Cash and cash equivalents, end of year 7,905,004us-gaap_CashAndCashEquivalentsAtCarryingValue 11,681,086us-gaap_CashAndCashEquivalentsAtCarryingValue
Supplemental disclosure of cash flow data:    
Interest paid 294,726us-gaap_InterestPaid 2,040,567us-gaap_InterestPaid
Income taxes paid $ 808,622us-gaap_IncomeTaxesPaid $ 685,421us-gaap_IncomeTaxesPaid