| Schedule of Equity Method Investments |
At December 31, 2015 and 2014, the Company held the following investments which are all accounted for under the equity method:
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At December 31, |
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2015 |
|
2014 |
Bagatelle NY LA Investors, LLC (“Bagatelle Investors”) |
$ |
7,364 |
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|
$ |
357,896 |
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Bagatelle Little West 12th, LLC ( “Bagatelle NY”)
|
2,357,927 |
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|
1,938,252 |
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Bagatelle La Cienega, LLC (“Bagatelle LA”) |
— |
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|
— |
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One 29 Park, LLC |
545,071 |
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|
506,295 |
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Totals |
$ |
2,910,362 |
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|
$ |
2,802,443 |
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Equity in income of investee companies |
$ |
1,038,854 |
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|
$ |
1,149,060 |
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The summarized financial data at December 31, 2015 and 2014, of these investments is presented below:
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Bagatelle Investors |
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Bagatelle NY |
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Bagatelle LA |
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One 29 Park, LLC |
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December 31, 2015 |
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Current assets |
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$ |
150,527 |
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$ |
1,804,376 |
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$ |
128,009 |
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|
$ |
2,594,270 |
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Non-current assets |
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$ |
352,376 |
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$ |
2,022,934 |
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$ |
434,567 |
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$ |
1,242,770 |
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Current liabilities |
|
$ |
67,867 |
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$ |
808,599 |
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$ |
1,661,077 |
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$ |
911,236 |
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Non-current liabilities |
|
$ |
— |
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$ |
199,807 |
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$ |
19,209 |
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$ |
— |
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Revenues |
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$ |
— |
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$ |
13,521,968 |
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$ |
2,277,738 |
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$ |
8,995,101 |
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Gross profit |
|
$ |
— |
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|
$ |
10,061,406 |
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$ |
1,806,393 |
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$ |
7,226,748 |
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Income (loss) from continuing operations |
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$ |
346,420 |
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$ |
1,994,781 |
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$ |
(310,393 |
) |
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$ |
95,082 |
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Net income (loss) |
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$ |
346,420 |
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|
$ |
1,994,781 |
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$ |
(310,393 |
) |
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$ |
91,251 |
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December 31, 2014 |
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Current assets |
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$ |
152,566 |
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$ |
1,558,732 |
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$ |
267,334 |
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$ |
2,325,794 |
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Non-current assets |
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$ |
1,947,283 |
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$ |
2,449,489 |
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$ |
510,224 |
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$ |
1,184,300 |
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Current liabilities |
|
$ |
6,531 |
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$ |
752,886 |
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$ |
1,558,463 |
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$ |
675,541 |
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Non-current liabilities |
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$ |
— |
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$ |
199,111 |
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$ |
26,312 |
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$ |
— |
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Revenues |
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$ |
— |
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$ |
12,603,259 |
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$ |
1,900,260 |
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|
$ |
9,825,462 |
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Gross profit |
|
$ |
— |
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|
$ |
9,504,683 |
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$ |
1,452,291 |
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|
$ |
7,805,571 |
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Income from continuing operations |
|
$ |
350,530 |
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$ |
1,978,755 |
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$ |
(271,460 |
) |
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$ |
261,434 |
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Net income |
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$ |
350,530 |
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$ |
1,978,755 |
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$ |
(271,460 |
) |
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$ |
258,434 |
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