Annual report pursuant to Section 13 and 15(d)

Nonconsolidated variable interest entities (Tables)

v3.3.1.900
Nonconsolidated variable interest entities (Tables)
12 Months Ended
Dec. 31, 2015
Equity Method Investments and Joint Ventures [Abstract]  
Schedule of Equity Method Investments
At December 31, 2015 and 2014, the Company held the following investments which are all accounted for under the equity method:
 
 
At December 31,
 
2015
 
2014
Bagatelle NY LA Investors, LLC (“Bagatelle Investors”)
$
7,364

 
$
357,896

Bagatelle Little West 12th, LLC ( “Bagatelle NY”)
2,357,927

 
1,938,252

Bagatelle La Cienega, LLC (“Bagatelle LA”)

 

One 29 Park, LLC
545,071

 
506,295

Totals
$
2,910,362

 
$
2,802,443

 
 
 
 
Equity in income of investee companies
$
1,038,854

 
$
1,149,060

The summarized financial data at December 31, 2015 and 2014, of these investments is presented below:


 
 
Bagatelle Investors
 
Bagatelle NY
 
Bagatelle LA
 
One 29 Park, LLC
 
 
 
 
 
 
 
 
 
December 31, 2015
 
 
 
 
 
 
 
 
 
Current assets
 
$
150,527

 
$
1,804,376

 
$
128,009

 
$
2,594,270

Non-current assets
 
$
352,376

 
$
2,022,934

 
$
434,567

 
$
1,242,770

Current liabilities
 
$
67,867

 
$
808,599

 
$
1,661,077

 
$
911,236

Non-current liabilities
 
$

 
$
199,807

 
$
19,209

 
$

 
 
 
 
 
 
 
 
 
Revenues
 
$

 
$
13,521,968

 
$
2,277,738

 
$
8,995,101

Gross profit
 
$

 
$
10,061,406

 
$
1,806,393

 
$
7,226,748

Income (loss) from continuing operations
 
$
346,420

 
$
1,994,781

 
$
(310,393
)
 
$
95,082

Net income (loss)
 
$
346,420

 
$
1,994,781

 
$
(310,393
)
 
$
91,251

 
 
 
 
 
 
 
 
 
December 31, 2014
 
 
 
 
 
 
 
 
 
Current assets
 
$
152,566

 
$
1,558,732

 
$
267,334

 
$
2,325,794

Non-current assets
 
$
1,947,283

 
$
2,449,489

 
$
510,224

 
$
1,184,300

Current liabilities
 
$
6,531

 
$
752,886

 
$
1,558,463

 
$
675,541

Non-current liabilities
 
$

 
$
199,111

 
$
26,312

 
$

 
 
 
 
 
 
 
 
 
Revenues
 
$

 
$
12,603,259

 
$
1,900,260

 
$
9,825,462

Gross profit
 
$

 
$
9,504,683

 
$
1,452,291

 
$
7,805,571

Income from continuing operations
 
$
350,530

 
$
1,978,755

 
$
(271,460
)
 
$
261,434

Net income
 
$
350,530

 
$
1,978,755

 
$
(271,460
)
 
$
258,434