Annual report pursuant to Section 13 and 15(d)

Segment reporting (Tables)

v3.3.1.900
Segment reporting (Tables)
 12 Months Ended
Dec. 31, 2015
Segment Reporting [Abstract]  
Schedule of Segment Reporting Information, by Segment
 
Years ended December 31,
 
2015
 
2014
Revenues:
 
 
 
STKs
$
52,213,149

 
$
38,644,993

F&B
7,921,584

 
8,823,318

Other
397,033

 
1,854,597

 
$
60,531,766

 
$
49,322,908

 
 
 
 
Segment Profits (loss):
 
 
 
STKs (1)
$
5,313,615

 
$
5,433,261

F&B
7,921,584

 
8,823,318

Other
(203,061
)
 
295,972

 
 
 
 
Total segment profit
13,032,138

 
14,552,551

 
 
 
 
General and Administrative
10,711,002

 
8,687,490

Depreciation and amortization
2,191,450

 
1,438,728

Interest expense, net of interest income
30,380

 
75,771

Equity in income of investee companies
(1,038,854
)
 
(1,149,060
)
Other
3,350,952

 
(1,850,294
)
 
 
 
 
(Loss) income from continuing operations before provision (benefit) for income taxes
$
(2,212,792
)
 
$
7,349,916

 
 
 
 
 
 
 
 
Capital assets
 
 
 
STKs
$
27,678,010

 
$
17,456,993

F&B
217,942

 
229,771

Other
56,375

 
1,128,861

Total
$
27,952,327

 
$
18,815,625



(1) For the year ended December 31, 2015 we determined that the carrying value of the net assets of our STK in Washington DC, exceeded its estimated future cash flows and a non-cash impairment charge of $2.8 million was recorded based on the difference between the carrying value of the restaurants assets and the estimated future value.