CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) - USD ($) |
3 Months Ended | 9 Months Ended | ||
|---|---|---|---|---|
Sep. 30, 2015 |
Sep. 30, 2014 |
Sep. 30, 2015 |
Sep. 30, 2014 |
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| Revenues: | ||||
| Owned unit net revenues | $ 13,314,507 | $ 10,444,821 | $ 35,818,733 | $ 28,722,921 |
| Management and incentive fee revenue | 1,939,376 | 1,945,363 | 6,112,629 | 6,207,523 |
| Total revenue | 15,253,883 | 12,390,184 | 41,931,362 | 34,930,444 |
| Owned operating expenses: | ||||
| Food and beverage costs | 3,346,841 | 2,811,806 | 9,082,231 | 7,482,382 |
| Unit operating expenses | 8,807,632 | 6,245,617 | 23,898,483 | 17,661,544 |
| General and administrative | 2,610,599 | 1,922,482 | 7,647,589 | 6,024,364 |
| Depreciation and amortization | 630,249 | 327,810 | 1,620,009 | 1,000,464 |
| Management and royalty fees | 310 | (35,214) | 46,959 | 60,324 |
| Pre-opening expenses | 1,634,171 | 315,905 | 4,399,192 | 1,149,078 |
| Transaction costs | 405,797 | 0 | 506,131 | 0 |
| Equity in (income) of investee companies | (205,273) | (268,660) | (728,504) | (588,996) |
| Derivative (income) expense | (1,139,000) | 991,588 | (3,917,000) | (1,793,124) |
| Interest expense, net of interest income | 1,210 | (6,268) | (3,980) | 52,220 |
| Other (income) expense | 127,692 | (1,227,698) | (476,932) | (1,157,067) |
| Total costs and expenses | 16,220,228 | 11,077,368 | 42,074,178 | 29,891,189 |
| (Loss) income from continuing operations before provision for income taxes | (966,345) | 1,312,816 | (142,816) | 5,039,255 |
| Provision (benefit) for income taxes | 922,427 | 462,898 | (5,619,504) | 813,580 |
| (Loss) income from continuing operations | (1,888,772) | 849,918 | 5,476,688 | 4,225,675 |
| Loss (income) from discontinued operations, net of taxes | (62,501) | (177,050) | (23,929) | 1,094,376 |
| Net (loss) income | (1,826,271) | 1,026,968 | 5,500,617 | 3,131,299 |
| Less: net income attributable to noncontrolling interest | 189,698 | 279,542 | 217,039 | 92,478 |
| Net (loss) income attributable to The ONE Group Hospitality, Inc. | (2,015,969) | 747,426 | 5,283,578 | 3,038,821 |
| Amounts attributable to The ONE Group Hospitality, Inc.: | ||||
| (Loss) income from continuing operations | (2,078,470) | 570,376 | 5,259,649 | 4,133,197 |
| Loss (income) from discontinued operations, net of taxes | (62,501) | (177,050) | (23,929) | 1,094,376 |
| Other comprehensive loss | ||||
| Currency translation adjustment | (30,900) | (78,177) | (261,743) | (33,955) |
| Comprehensive (loss) income | $ (2,046,869) | $ 669,249 | $ 5,021,835 | $ 3,004,866 |
| Basic and diluted (loss) income per share: | ||||
| Continuing operations (in dollars per share) | $ (0.08) | $ 0.04 | $ 0.21 | $ 0.17 |
| Discontinued operations (in dollars per share) | 0.00 | 0.01 | 0.00 | 0.04 |
| Net (loss) income per share attributable to The ONE Group Hospitality, Inc. (in dollars per share) | $ (0.08) | $ 0.03 | $ 0.21 | $ 0.13 |
| Shares used in computing basic income per share (in shares) | 24,972,515 | 24,940,195 | 24,956,177 | 24,942,328 |
| Shares used in computing diluted income per share (in shares) | 24,972,515 | 24,940,195 | 24,956,177 | 24,942,328 |
| X | ||||||||||
- Definition The amount of food and beverage costs that are associated with the entity's normal revenue producing operation. No definition available.
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- Definition Management and Royalty Income (Expense) No definition available.
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- Definition Expenditures associated with transactions which are noncapital in nature and expensed as incurred. No definition available.
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- Definition The amount of unit operating expenses that are associated with the entity's normal revenue producing operation. No definition available.
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- Definition Amount after tax of increase (decrease) in equity from transactions and other events and circumstances from net income and other comprehensive income, attributable to parent entity. Excludes changes in equity resulting from investments by owners and distributions to owners. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Total costs of sales and operating expenses for the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The amount of expense recognized in the current period that reflects the allocation of the cost of tangible assets over the assets' useful lives. Includes production and non-production related depreciation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of increase (decrease) in the fair value of derivatives recognized in the income statement. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Per basic and diluted share amount, after tax, of income (loss) from the day-to-day business activities of the discontinued operation, when the per share amount is the same. No definition available.
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- Definition The amount of net income or loss for the period per each share in instances when basic and diluted earnings per share are the same amount and reported as a single line item on the face of the financial statements. Basic earnings per share is the amount of net income or loss for the period per each share of common stock or unit outstanding during the reporting period. Diluted earnings per share includes the amount of net income or loss for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. No definition available.
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- References No definition available.
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- Definition The aggregate total of expenses of managing and administering the affairs of an entity, including affiliates of the reporting entity, which are not directly or indirectly associated with the manufacture, sale or creation of a product or product line. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of income (loss) from continuing operations attributable to the parent. Also defined as revenue less expenses and taxes from ongoing operations before extraordinary items but after deduction of those portions of income or loss from continuing operations that are allocable to noncontrolling interests. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition This element represents the income or loss from continuing operations attributable to the economic entity which may also be defined as revenue less expenses from ongoing operations, after income or loss from equity method investments, but before income taxes, extraordinary items, and noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition This element represents the income or loss from continuing operations attributable to the economic entity which may also be defined as revenue less expenses and taxes from ongoing operations before extraordinary items, and noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The amount of net income (loss) from continuing operations per each basic and diluted share of common stock or unit when the per share amount is the same for both basic and diluted shares. No definition available.
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- Definition Amount of income (loss) from a disposal group, net of income tax before extraordinary items allocable to noncontrolling interests. Includes, net of tax, income (loss) from operations during the phase-out period, gain (loss) on disposal, provision (or any reversals of earlier provisions) for loss on disposal, and adjustments of a prior period gain (loss) on disposal. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of income (loss) from a disposal group, net of income tax, reported as a separate component of income before extraordinary items after deduction or consideration of the amount allocable to noncontrolling interests. Includes, net of tax, income (loss) from operations during the phase-out period, gain (loss) on disposal, provision (or any reversals of earlier provisions) for loss on disposal, and adjustments of a prior period gain (loss) on disposal. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition This item represents the entity's proportionate share for the period of the net income (loss) of its investee (such as unconsolidated subsidiaries and joint ventures) to which the equity method of accounting is applied. This item includes income or expense related to stock-based compensation based on the investor's grant of stock to employees of an equity method investee. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The net amount of operating interest income (expense). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- References No definition available.
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- Definition Amount of Net Income (Loss) attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- References No definition available.
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- Definition Amount after tax and reclassification adjustments of gain (loss) on foreign currency translation adjustments, foreign currency transactions designated and effective as economic hedges of a net investment in a foreign entity and intra-entity foreign currency transactions that are of a long-term-investment nature. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- References No definition available.
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- Definition The net amount of other income and expense amounts, the components of which are not separately disclosed on the income statement, resulting from ancillary business-related activities (that is, excluding major activities considered part of the normal operations of the business) also known as other nonoperating income (expense) recognized for the period. Such amounts may include: (a) dividends, (b) interest on securities, (c) net gains or losses on securities, (d) unusual costs, (e) gains or losses on foreign exchange transactions, and (f) miscellaneous other income and expense items. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Expenditures associated with opening new locations which are noncapital in nature and expensed as incurred. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of revenue recognized from goods sold, services rendered, insurance premiums, or other activities that constitute an earning process. Includes, but is not limited to, investment and interest income before deduction of interest expense when recognized as a component of revenue, and sales and trading gain (loss). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- References No definition available.
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- Definition Aggregate revenue during the period from the sale of goods in the normal course of business, after deducting returns, allowances and discounts. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Aggregate revenue during the period from services rendered in the normal course of business, after deducting allowances and discounts. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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