Annual report pursuant to Section 13 and 15(d)

Segment reporting (Tables)

v3.7.0.1
Segment reporting (Tables)
 12 Months Ended
Dec. 31, 2016
Segment Reporting [Abstract]  
Schedule of Segment Reporting Information, by Segment
 
Years ended December 31,
 
2016
 
2015
Revenues:
 
 
 
STKs
$
63,248,936

 
$
52,213,149

F&B
8,465,584

 
7,921,584

Other
699,500

 
397,033

 
$
72,414,020

 
$
60,531,766

 
 
 
 
Segment Profits:
 
 
 
STKs (1)
$
6,294,742

 
$
5,313,615

F&B
8,465,584

 
7,921,584

Other
525,464

 
(203,061
)
 
 
 
 
Total segment profit
15,285,790

 
13,032,138

 
 
 
 
General and Administrative
11,172,764

 
10,711,002

Depreciation and amortization
2,647,333

 
2,191,450

Interest expense, net of interest income
464,165

 
30,380

Equity in income of investee companies
(674,289
)
 
(1,038,854
)
Other
7,669,684

 
3,350,952

 
 
 
 
Loss from continuing operations before provision (benefit) for income taxes
$
(5,993,867
)
 
$
(2,212,792
)
 
 
 
 
 
 
 
 
Capital assets, net
 
 
 
STKs
$
36,505,741

 
$
27,678,010

F&B
253,120

 
217,942

Other
56,378

 
56,375

Total
$
36,815,239

 
$
27,952,327



(1) For the year ended December 31, 2015 we determined that the carrying value of the net assets of our STK in Washington DC, exceeded its estimated future cash flows and a non-cash impairment charge of $2.8 million was recorded based on the difference between the carrying value of the restaurants assets and the estimated future value.