Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME

v3.7.0.1
CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME - USD ($)
 12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Revenues:    
Owned unit net revenues $ 63,948,436 $ 52,610,182
Management and incentive fee revenue 8,465,584 7,921,584
Total revenue 72,414,020 60,531,766
Owned operating expenses:    
Food and beverage costs 15,919,350 13,228,216
Unit operating expenses 41,208,880 34,271,412
General and administrative 11,172,764 10,711,002
Depreciation and amortization 2,647,333 2,191,450
Impairment loss 95,773 2,975,744
Management and royalty fees 0 39,278
Lease termination expense 433,278 0
Pre-opening expenses 5,993,819 5,265,581
Transaction costs 1,293,265 1,724,361
Equity in income of investee companies (674,289) (1,038,854)
Derivative income (100,000) (6,141,000)
Interest expense, net of interest income 464,165 30,380
Other (income) expense, net (46,451) (513,012)
Total costs and expenses 78,407,887 62,744,558
Loss from continuing operations before provision for income taxes (5,993,867) (2,212,792)
Provision (benefit) for income taxes 10,369,912 (9,316,487)
(Loss) income from continuing operations (16,363,779) 7,103,695
Loss from discontinued operations, net of taxes 92,090 2,476
Net (loss) income (16,455,869) 7,101,219
Less: net income attributable to noncontrolling interest 232,617 170,526
Net (loss) income attributable to The ONE Group Hospitality, Inc. (16,688,486) 6,930,693
Amounts attributable to The ONE Group Hospitality, Inc.:    
(Loss) income from continuing operations (16,596,396) 6,933,169
Loss from discontinued operations, net of taxes 92,090 2,476
Net (loss) income attributable to The ONE Group Hospitality, Inc. (16,688,486) 6,930,693
Other comprehensive loss    
Currency translation adjustment (1,123,568) (189,687)
Comprehensive (loss) income $ (17,812,054) $ 6,741,006
Basic and diluted (loss) income per share:    
Continuing operations (in dollars per share) $ (0.66) $ 0.28
Discontinued operations (in dollars per share) 0.00 0.00
Attributable to The ONE Group Hospitality, Inc. (in dollars per share) $ (0.66) $ 0.28
Shares used in computing basic and diluted income (loss) per share (in shares) 25,078,113 24,960,295