| Schedule of Segment Information |
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Three Months Ended June 30, |
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Six Months Ended June 30, |
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2016 |
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2015 |
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2016 |
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2015 |
Revenues: |
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STKs |
$ |
15,282,704 |
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$ |
12,757,574 |
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$ |
28,963,134 |
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$ |
22,121,012 |
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F&B |
1,943,952 |
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2,121,977 |
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3,958,003 |
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4,173,253 |
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Other |
— |
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21,351 |
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699,500 |
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383,214 |
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$ |
17,226,656 |
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$ |
14,900,902 |
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$ |
33,620,637 |
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$ |
26,677,479 |
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Segment Profits (loss): |
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STKs |
$ |
1,983,811 |
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$ |
1,466,957 |
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$ |
3,172,474 |
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$ |
1,602,484 |
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F&B |
1,943,952 |
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2,121,977 |
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3,958,003 |
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4,173,253 |
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Other |
10,258 |
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(7,894 |
) |
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425,117 |
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75,501 |
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Total segment profit |
3,938,021 |
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3,581,040 |
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7,555,594 |
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5,851,238 |
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General and administrative |
2,813,056 |
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2,592,464 |
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5,496,752 |
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5,036,990 |
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Depreciation and amortization |
547,438 |
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569,637 |
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1,070,077 |
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989,760 |
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Interest expense, net of interest income |
99,314 |
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39 |
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197,483 |
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(5,190 |
) |
Other |
1,375,980 |
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(2,209,345 |
) |
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2,318,615 |
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(993,851 |
) |
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(Income) loss from continuing operations before provision for income taxes |
$ |
(897,767 |
) |
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$ |
2,628,245 |
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$ |
(1,527,333 |
) |
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$ |
823,529 |
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June 30,
2016 |
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December 31,
2015 |
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Property & equipment, net: |
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STKs |
$ |
32,793,674 |
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$ |
27,678,010 |
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F&B |
329,752 |
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217,942 |
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Other |
56,375 |
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56,375 |
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Total |
$ |
33,179,801 |
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$ |
27,952,327 |
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