Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS

v2.4.1.9
CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS (USD $)
3 Months Ended
Mar. 31, 2015
Mar. 31, 2014
Revenues:    
Owned unit net revenues $ 9,725,301us-gaap_SalesRevenueGoodsNet $ 8,153,892us-gaap_SalesRevenueGoodsNet
Management and incentive fee revenue 2,051,276us-gaap_SalesRevenueServicesNet 2,119,028us-gaap_SalesRevenueServicesNet
Total revenue 11,776,577us-gaap_Revenues 10,272,920us-gaap_Revenues
Owned operating expenses:    
Food and beverage costs 2,497,215ccac_FoodAndBeverageCosts 2,145,028ccac_FoodAndBeverageCosts
Unit operating expenses 7,009,164ccac_UnitOperatingExpenses 5,455,766ccac_UnitOperatingExpenses
General and administrative 2,444,526us-gaap_GeneralAndAdministrativeExpense 1,907,254us-gaap_GeneralAndAdministrativeExpense
Depreciation and amortization 420,123us-gaap_DepreciationAndAmortization 323,806us-gaap_DepreciationAndAmortization
Management and royalty fees 24,754us-gaap_RoyaltyExpense 21,082us-gaap_RoyaltyExpense
Pre-opening expenses 1,074,713us-gaap_PreOpeningCosts 246,348us-gaap_PreOpeningCosts
Equity in income of investee companies (168,970)us-gaap_IncomeLossFromEquityMethodInvestments (114,408)us-gaap_IncomeLossFromEquityMethodInvestments
Derivative expense 614,000us-gaap_DerivativeGainLossOnDerivativeNet 48,000us-gaap_DerivativeGainLossOnDerivativeNet
Interest expense, net of interest income (5,229)us-gaap_InterestIncomeExpenseNet 18,923us-gaap_InterestIncomeExpenseNet
Other (income) expense (329,003)us-gaap_OtherNonoperatingIncomeExpense 101,521us-gaap_OtherNonoperatingIncomeExpense
Total costs and expenses 13,581,293us-gaap_CostsAndExpenses 10,153,320us-gaap_CostsAndExpenses
(Loss) income from continuing operations before provision for income taxes (1,804,716)us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest 119,600us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
Provision for income taxes (610,495)us-gaap_IncomeTaxExpenseBenefit 235,192us-gaap_IncomeTaxExpenseBenefit
Loss from continuing operations (1,194,221)us-gaap_IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest (115,592)us-gaap_IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
Loss from discontinued operations, net of taxes 3,138us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTax 925,174us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTax
Net loss (1,197,359)us-gaap_IncomeLossIncludingPortionAttributableToNoncontrollingInterest (1,040,766)us-gaap_IncomeLossIncludingPortionAttributableToNoncontrollingInterest
Less: net loss attributable to noncontrolling interest (106,739)us-gaap_IncomeLossAttributableToNoncontrollingInterest (318,963)us-gaap_IncomeLossAttributableToNoncontrollingInterest
Net loss attributable to The ONE Group Hospitality, Inc. (1,090,620)us-gaap_NetIncomeLoss (721,803)us-gaap_NetIncomeLoss
Other comprehensive income    
Currency translation adjustment (128,820)us-gaap_OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax 20,532us-gaap_OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
Comprehensive loss $ (1,219,440)us-gaap_ComprehensiveIncomeNetOfTax $ (701,271)us-gaap_ComprehensiveIncomeNetOfTax
Basic and diluted (loss) income per share (in dollars per share)    
Continuing operations $ (0.04)us-gaap_IncomeLossFromContinuingOperationsPerBasicAndDilutedShare $ 0.00us-gaap_IncomeLossFromContinuingOperationsPerBasicAndDilutedShare
Discontinued operations $ 0.00us-gaap_DiscontinuedOperationIncomeLossFromDiscontinuedOperationNetOfTaxPerBasicAndDilutedShare $ (0.03)us-gaap_DiscontinuedOperationIncomeLossFromDiscontinuedOperationNetOfTaxPerBasicAndDilutedShare
Net loss attributable to The ONE Group Hospitality, Inc. $ (0.04)us-gaap_EarningsPerShareBasicAndDiluted $ (0.03)us-gaap_EarningsPerShareBasicAndDiluted
Shares used in computing basic and diluted (loss) income per share (in shares) 24,940,195us-gaap_WeightedAverageNumberOfSharesOutstandingBasic 24,946,668us-gaap_WeightedAverageNumberOfSharesOutstandingBasic