Quarterly report pursuant to Section 13 or 15(d)

Geographic information

v3.8.0.1
Geographic information
 9 Months Ended
Sep. 30, 2017
Segment Reporting [Abstract]  
Geographic information
Geographic information:
 
The following table contains certain financial information by geographic location for the nine months ended September 30, 2017 and 2016, respectively (the Company's foreign operations are mainly based in the United Kingdom, Spain and Italy):
 
Three Months Ended September 30,
 
Nine Months Ended September 30,
 
2017
 
2016
 
2017
 
2016
United States:
 
 
 
 
 

 
 

Revenues - owned units
$
15,333,320

 
$
16,317,636

 
$
50,560,146

 
$
45,980,270

Management, incentive and royalty fee revenue
1,565,189

 
1,496,612

 
5,102,960

 
4,290,779

 
 
 
 
 
 
 
 
Foreign:
 
 
 
 
 
 
 
Management and development fee revenue
912,863

 
$
565,352

 
2,473,467

 
1,729,188

 
 
 
 
 
 
 
 
 
The following table contains certain financial information by geographic location at September 30, 2017 and December 31, 2016:
 
 
September 30, 
 2017
 
December 31, 
 2016
United States:
 

 
 

Net assets
$
(1,284,784
)
 
$
3,899,627

 
 
 
 
Foreign:
 
 
 
Net assets
$
5,390,750

 
$
3,478,910