The ONE Group Hospitality, Inc. Quarterly report pursuant to Section 13 or 15(d)

Segment Reporting (Tables)

3 Months Ended

Mar. 31, 2019

	For the three months ended March 31, 2019
	Owned restaurants		Owned food, beverage and other		Managed and licensed operations		Total
Revenues:
Owned net revenues	$	17,820	$	2,273	$	—	$	20,093
Management, license and incentive fee revenue		—		—		2,683		2,683
Total revenues		17,820		2,273		2,683		22,776

Cost and expenses:
Owned operating expenses:
Cost of sales		4,569		—		—		4,569
Other operating expenses		10,915		—		—		10,915
Owned food, beverage and other expenses		—		2,259		—		2,259
Total owned operating expenses		15,484		2,259		—		17,743
Segment income	$	2,336	$	14	$	2,683	$	5,033

General and administrative								2,650
Depreciation and amortization								942
Interest expense, net of interest income								269
Equity in income of investee companies								—
Other								307
Income before provision for income taxes							$	865

	For the three months ended March 31, 2018
	Owned restaurants		Owned food, beverage and other		Managed and licensed operations		Total
Revenues:
Owned net revenues	$	15,076	$	2,005	$	—	$	17,081
Management, license and incentive fee revenue		—		—		2,436		2,436
Total revenues		15,076		2,005		2,436		19,517

Cost and expenses:
Owned operating expenses:
Cost of sales		4,034		—		—		4,034
Other operating expenses		9,378		—		—		9,378
Owned food, beverage and other expenses		—		1,689		—		1,689
Total owned operating expenses		13,412		1,689		—		15,101
Segment income	$	1,664	$	316	$	2,436	$	4,416

General and administrative								3,055
Depreciation and amortization								778
Interest expense, net of interest income								318
Equity in loss of investee companies								23
Other								99
Income before provision for income taxes							$	143

	March 31,		December 31,
	2019		2018
Total assets:
Owned restaurants	$	75,272	$	42,971
Owned food, beverage and other operations ⁽¹⁾		15,591		7,274
Managed and licensed operations		4,728		5,734
Total	$	95,591	$	55,979

(1) Includes corporate assets

	For the three months ended March 31,
	2019		2018
Capital assets additions:
Owned restaurants	$	1,762	$	301
Owned food, beverage and other operations ⁽¹⁾		298		5
Managed and licensed operations		—		—
Total	$	2,060	$	306

(1) Includes corporate capital asset additions