Quarterly report pursuant to Section 13 or 15(d)

Segment reporting

v3.2.0.727
Segment reporting
 6 Months Ended
Jun. 30, 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 June 30,
 
Six Months Ended June 30,
 
2015
 
2014
 
2015
 
2014
Revenues:
 
 
 
 
 

 
 

STKs
$
12,757,574

 
$
9,983,179

 
$
22,121,012

 
$
17,432,228

F&B
2,121,977

 
2,143,132

 
4,173,253

 
4,262,160

Other
21,351

 
141,029

 
383,214

 
845,872

 
 
 
 
 
 
 
 
 
$
14,900,902

 
$
12,267,340

 
$
26,677,479

 
$
22,540,260

 
 
 
 
 
 
 
 
Segment Profits (loss):
 
 
 
 
 

 
 

STKs
$
1,466,957

 
$
1,595,044

 
$
1,602,484

 
$
1,924,231

F&B
2,121,977

 
2,143,132

 
4,173,253

 
4,262,160

Other
(7,894
)
 
43,454

 
75,501

 
267,365

 
 
 
 
 
 
 
 
Total segment profit
3,581,040

 
3,781,630

 
5,851,238

 
6,453,756

 
 
 
 
 
 
 
 
General and administrative
2,592,464

 
2,194,628

 
5,036,990

 
4,101,882

Depreciation and amortization
569,637

 
348,848

 
989,760

 
672,654

Interest expense, net of interest income
39

 
39,564

 
(5,190
)
 
58,487

Other
(2,209,345
)
 
(2,408,249
)
 
(993,851
)
 
(2,105,706
)
 
 
 
 
 
 
 
 
Income from continuing operations before provision for income taxes
$
2,628,245

 
$
3,606,839

 
$
823,529

 
$
3,726,439


 
 
June 30, 
 2015
 
December 31, 
 2014
 
 
 
 
Property & equipment, net:
 
 
 
STKs
$
22,361,496

 
$
17,456,993

F&B
244,930

 
229,771

Other
232,540

 
1,128,861

Total
$
22,838,966

 
$
18,815,625