| Schedule of Segment Information |
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Three Months Ended September 30, |
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Nine Months Ended September 30, |
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2017 |
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2016 |
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2017 |
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2016 |
Revenues: |
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STKs |
$ |
15,333,320 |
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$ |
16,317,636 |
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$ |
48,725,113 |
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$ |
45,280,770 |
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F&B |
2,478,052 |
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2,061,964 |
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7,576,427 |
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6,019,967 |
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Other |
— |
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— |
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1,835,033 |
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699,500 |
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$ |
17,811,372 |
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$ |
18,379,600 |
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$ |
58,136,573 |
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$ |
52,000,237 |
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Segment Profit (loss): |
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STKs |
$ |
1,051,756 |
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$ |
1,349,879 |
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$ |
3,420,859 |
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$ |
4,412,029 |
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F&B |
2,478,052 |
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2,061,964 |
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7,576,427 |
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6,019,967 |
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Other |
(108,890 |
) |
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52,476 |
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1,005,769 |
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477,593 |
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Total segment profit |
3,420,918 |
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3,464,319 |
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12,003,055 |
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10,909,589 |
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General and administrative |
2,766,565 |
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2,634,585 |
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9,773,654 |
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8,178,840 |
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Depreciation and amortization |
950,513 |
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758,282 |
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2,621,063 |
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1,828,359 |
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Interest expense, net of interest income |
325,135 |
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79,768 |
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804,308 |
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277,251 |
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Other |
212,760 |
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2,360,226 |
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2,129,588 |
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4,521,014 |
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Loss from continuing operations before provision for income taxes |
$ |
(834,055 |
) |
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$ |
(2,368,542 |
) |
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$ |
(3,325,558 |
) |
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$ |
(3,895,875 |
) |
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September 30,
2017 |
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December 31,
2016 |
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Property & equipment, net: |
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STKs |
$ |
37,969,582 |
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$ |
36,505,741 |
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F&B |
278,680 |
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253,120 |
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Other |
56,377 |
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56,378 |
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Total |
38,304,639 |
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36,815,239 |
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