Annual report [Section 13 and 15(d), not S-K Item 405]

Summary of Significant Accounting Policies (Tables)

v3.26.1
Summary of Significant Accounting Policies (Tables)
12 Months Ended
Dec. 28, 2025
Summary of Significant Accounting Policies  
Schedule of comparative prior period financial statements and notes to the financial statements have been restated

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Consolidated Balance Sheets

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As of December 31, 2024

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​

Previously

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​

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As

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Reported

​

Adjustment

​

Corrected

Operating lease right-of-use assets

​

$

260,204

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$

127

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$

260,331

Deferred income taxes, net

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​

53,682

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​

600

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​

54,282

Total assets

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959,353

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​

727

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​

960,080

Current portion of operating lease liabilities

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14,998

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​

296

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​

15,294

Total current liabilities

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131,095

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296

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​

131,391

Operating lease liabilities, net of current portion

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291,785

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​

1,705

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​

293,490

Total liabilities

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756,748

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2,001

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​

758,749

Additional paid-in capital

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68,392

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(1,274)

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67,118

Total stockholders’ equity

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47,165

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(1,274)

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45,891

Total equity

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44,520

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(1,274)

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43,246

Total liabilities, Series A preferred stock and stockholders' equity

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959,353

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727

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960,080

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Consolidated Statement of Operations

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For the twelve months ended December 31, 2024

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Previously

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As

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Reported

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Adjustment

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Corrected

Owned restaurant operating expenses

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$

411,798

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$

1,789

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$

413,587

Total owned operating expenses

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550,592

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1,789

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552,381

General and administrative

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44,170

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64

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44,234

Pre-opening expenses

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9,488

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21

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9,509

Total costs and expenses

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662,573

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1,874

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664,447

Operating income

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10,771

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(1,874)

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8,897

Loss before benefit for income taxes

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(24,487)

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(1,874)

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(26,361)

Benefit for income taxes

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(7,834)

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(600)

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(8,434)

Net loss

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(16,653)

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(1,274)

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(17,927)

Net loss attributable to The ONE Group Hospitality, Inc.

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(15,824)

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(1,274)

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(17,098)

Net loss available to common stockholders

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(34,966)

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(1,274)

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(36,240)

Basic net loss per common share

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(1.12)

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(0.04)

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(1.16)

Diluted net loss per common share

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(1.12)

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(0.04)

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(1.16)

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Consolidated Statement of Comprehensive Income (Loss)

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For the twelve months ended December 31, 2024

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Previously

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As

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Reported

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Adjustment

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Corrected

Net loss

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$

(16,653)

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$

(1,274)

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$

(17,927)

Comprehensive loss

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(16,751)

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(1,274)

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(18,025)

Comprehensive loss attributable to The ONE Group Hospitality, Inc.

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(15,922)

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(1,274)

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(17,196)

Comprehensive loss attributable to common stockholders

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(35,064)

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(1,274)

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(36,338)

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​

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​

​

​

​

​

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Consolidated Statement of Stockholders' Equity and Series A Preferred Stock

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For the twelve months ended December 31, 2024

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Previously

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As

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Reported

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Adjustment

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Corrected

Additional paid-in capital

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$

68,392

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$

(1,274)

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$

67,118

Stockholders' equity

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47,165

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(1,274)

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45,891

Total equity

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44,520

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(1,274)

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43,246

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Consolidated Statement of Cash Flows

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For the twelve months ended December 31, 2024

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Previously

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As

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Reported

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Adjustment

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Corrected

Net loss

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$

(16,653)

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$

(1,274)

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$

(17,927)

Deferred taxes

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(8,580)

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(600)

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(9,180)

Operating lease liabilities and right-of-use assets

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7,441

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1,874

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9,315

Schedule of intangible assets

Intangible assets consist of the following (in thousands):

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December 28,

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December 31,

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2025

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2024

Indefinite-lived intangible assets

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Tradenames

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$

130,200

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134,400

Finite-lived intangible assets

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Franchise agreements

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800

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800

Other finite-lived intangible assets

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335

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152

Total finite-lived intangible assets

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1,135

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952

Less: accumulated amortization

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(2,347)

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(2,241)

Total intangibles, net

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$

128,988

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133,111