Quarterly report pursuant to Section 13 or 15(d)

Segment reporting

v2.4.1.9
Segment reporting
 3 Months Ended
Mar. 31, 2015
Segment Reporting [Abstract]  
Segment reporting
Segment reporting:
 The Company operates in three segments: owned STK units ("STKs"), food and beverage hospitality management agreements ("F&B") and Other concepts ("Other"). We believe STKs, F&B and Other to be our reportable segments as they do not have similar economic or other characteristics to be aggregated into a single reportable segment. Our STKs segment consists of leased restaurant locations and competes in the full service dining industry. Our F&B segment consists of management agreements in which the Company operates the food and beverage services in hotels or casinos and could include an STK, which we refer to as managed STK units. We refer to owned STK units and managed STK units together as “STK units”. These management agreements generate management and incentive fees on net revenue at each location. Our Other segment includes owned non-STK leased locations.
  

 
Three Months Ended March 31,
 
2015
 
2014
Revenues:
 

 
 

STKs
$
8,535,358

 
$
7,449,049

F&B
2,051,276

 
2,119,028

Other
1,189,943

 
704,843

 
 
 
 
 
$
11,776,577

 
$
10,272,920

 
 
 
 
Segment Profits (loss):
 

 
 

STKs
$
325,318

 
$
386,397

F&B
2,051,276

 
2,119,028

Other
(106,396
)
 
138,795

 
 
 
 
Total segment profit
2,270,198

 
2,644,220

 
 
 
 
General and administrative
2,444,526

 
1,907,254

Depreciation and amortization
420,123

 
323,806

Interest expense, net of interest income
(5,229
)
 
18,923

Other
1,215,494

 
274,637

 
 
 
 
Income (loss) from continuing operations before provision for income taxes
$
(1,804,716
)
 
$
119,600


 
 
March 31, 
 2015
 
December 31, 
 2014
 
 
 
 
Property & equipment, net:
 
 
 
STKs
$
18,814,417

 
$
17,456,993

F&B
885,056

 
229,771

Other
1,098,076

 
1,128,861

Total
20,797,549

 
18,815,625