Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) (unaudited)

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CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) (unaudited) - USD ($)
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Revenues:    
Owned unit net revenues $ 18,112,982 $ 14,379,930
Management and incentive fee revenue 2,313,716 2,014,051
Total revenue 20,426,698 16,393,981
Owned operating expenses:    
Food and beverage costs 4,674,061 3,528,753
Unit operating expenses 11,507,774 9,247,655
General and administrative 2,920,897 2,683,696
Depreciation and amortization 865,870 522,639
Lease termination expense 28,161 0
Pre-opening expenses 714,342 900,186
Equity in income of investee companies (45,311) (82,585)
Derivative income 0 (100,000)
Interest expense, net of interest income 258,990 98,169
Other expense 11,948 225,034
Total costs and expenses 20,936,732 17,023,547
Loss from continuing operations before provision for income taxes (510,034) (629,566)
Income tax benefit (16,746) (65,951)
Loss from continuing operations (493,288) (563,615)
Loss (income) from discontinued operations, net of taxes 106,230 (1,835)
Net loss (599,518) (561,780)
Less: net loss attributable to noncontrolling interest (197,752) (104,877)
Net loss attributable to The ONE Group Hospitality, Inc. (401,766) (456,903)
Amounts attributable to The ONE Group Hospitality, Inc.:    
Loss from continuing operations (295,536) (458,738)
Loss (income) from discontinued operations, net of taxes 106,230 (1,835)
Net loss attributable to The ONE Group Hospitality, Inc. (401,766) (456,903)
Other comprehensive loss    
Currency translation adjustment (56,178) (21,405)
Comprehensive loss $ (457,944) $ (478,308)
Basic and diluted loss per share:    
Continuing operations (in dollars per share) $ (0.01) $ (0.02)
Discontinued operations (in dollars per share) 0.00 0.00
Net loss per share attributable to The ONE Group Hospitality, Inc. (in dollars per share) $ (0.02) $ (0.02)
Shares used in computing basic and diluted loss per share (in shares) 25,050,628 25,250,424