CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) (unaudited) - USD ($) |
3 Months Ended | 9 Months Ended | ||
|---|---|---|---|---|
Sep. 30, 2016 |
Sep. 30, 2015 |
Sep. 30, 2016 |
Sep. 30, 2015 |
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| Revenues: | ||||
| Owned unit net revenues | $ 16,317,636 | $ 13,314,507 | $ 45,980,270 | $ 35,818,733 |
| Management and incentive fee revenue | 2,061,964 | 1,939,376 | 6,019,967 | 6,112,629 |
| Total revenue | 18,379,600 | 15,253,883 | 52,000,237 | 41,931,362 |
| Owned operating expenses: | ||||
| Food and beverage costs | 4,119,652 | 3,346,841 | 11,427,202 | 9,082,231 |
| Unit operating expenses | 10,795,629 | 8,800,774 | 29,663,446 | 23,694,424 |
| General and administrative | 2,634,585 | 2,642,743 | 8,178,840 | 7,777,058 |
| Depreciation and amortization | 758,282 | 630,249 | 1,828,359 | 1,620,009 |
| Management and royalty fees | 0 | 310 | 0 | 46,959 |
| Pre-opening expenses | 2,035,541 | 1,634,171 | 4,481,144 | 4,399,192 |
| Transaction costs | 505,000 | 405,797 | 505,000 | 506,131 |
| Equity in income of investee companies | (178,342) | (205,273) | (492,130) | (728,504) |
| Derivative income | 0 | (1,139,000) | (100,000) | (3,917,000) |
| Interest expense, net of interest income | 79,768 | 1,210 | 277,251 | (3,980) |
| Other expense (income) | (1,973) | 102,406 | 127,000 | (402,342) |
| Total costs and expenses | 20,748,142 | 16,220,228 | 55,896,112 | 42,074,178 |
| Loss from continuing operations before provision for income taxes | (2,368,542) | (966,345) | (3,895,875) | (142,816) |
| Provision (benefit) for income taxes | (4,046,961) | 922,427 | (3,567,299) | (5,619,504) |
| Income (loss) from continuing operations | 1,678,419 | (1,888,772) | (328,576) | 5,476,688 |
| Income from discontinued operations, net of taxes | (2,885) | (62,501) | (1,287) | (23,929) |
| Net income (loss) | 1,681,304 | (1,826,271) | (327,289) | 5,500,617 |
| Less: net income attributable to noncontrolling interest | 200,443 | 189,698 | 212,220 | 217,039 |
| Net income (loss) attributable to The ONE Group Hospitality, Inc. | 1,480,861 | (2,015,969) | (539,509) | 5,283,578 |
| Amounts attributable to The ONE Group Hospitality, Inc.: | ||||
| Income (loss) from continuing operations | 1,477,976 | (2,078,470) | (540,796) | 5,259,649 |
| Income from discontinued operations, net of taxes | (2,885) | (62,501) | (1,287) | (23,929) |
| Net income (loss) attributable to The ONE Group Hospitality, Inc. | 1,480,861 | (2,015,969) | (539,509) | 5,283,578 |
| Other comprehensive income (loss) | ||||
| Currency translation adjustment | (132,236) | (30,900) | (150,616) | (261,743) |
| Comprehensive income (loss) | $ 1,348,625 | $ (2,046,869) | $ (690,125) | $ 5,021,835 |
| Basic and diluted loss per share: | ||||
| Continuing operations (in dollars per share) | $ 0.06 | $ (0.08) | $ (0.02) | $ 0.21 |
| Discontinued operations (in dollars per share) | 0.00 | 0.00 | 0.00 | 0.00 |
| Net loss per share attributable to The ONE Group Hospitality, Inc. (in dollars per share) | $ 0.06 | $ (0.08) | $ (0.02) | $ 0.21 |
| Shares used in computing basic and diluted loss per share (in shares) | 25,022,749 | 24,972,515 | 25,087,341 | 24,956,177 |
| 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 Transaction Costs 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 current period expense charged against earnings on long-lived, physical assets not used in production, and which are not intended for resale, to allocate or recognize the cost of such assets over their useful lives; or to record the reduction in book value of an intangible asset over the benefit period of such asset; or to reflect consumption during the period of an asset that is not used in production. 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 after tax of income (loss) from continuing operations attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount after tax of income (loss) from continuing operations including portion attributable to the 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 after tax of income (loss) from a discontinued operation including the portion attributable to the noncontrolling interest. Includes, but is not limited to, the income (loss) from operations during the phase-out period, gain (loss) on disposal, gain (loss) for reversal of write-down (write-down) to fair value, less cost to sell, and adjustments to a prior period gain (loss) on disposal. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount after tax of income (loss) from a discontinued operation attributable to the parent. Includes, but is not limited to, the income (loss) from operations during the phase-out period, gain (loss) on disposal, gain (loss) for reversal of write-down (write-down) to fair value, less cost to sell, and adjustments to 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 Amount of income (expense) related to nonoperating activities, classified as other. 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 Amount of expense related to royalty payments under a contractual arrangement such as payment for mineral and drilling rights and use of technology or intellectual property. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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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 Average number of shares or units issued and outstanding that are used in calculating basic and diluted earnings per share (EPS). No definition available.
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