Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS

v3.8.0.1
CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Revenues:    
Owned restaurant net revenues $ 58,654 $ 54,068
Owned food, beverage and other net revenues 10,227 9,880
Total owned revenue 68,881 63,948
Management, license and incentive fee revenue 10,779 8,466
Total revenues 79,660 72,414
Owned restaurants:    
Owned restaurant cost of sales 15,544 13,781
Owned restaurant operating expenses 37,076 34,542
Total owned restaurant expenses 52,620 48,323
Owned food, beverage and other expenses 9,400 8,805
Total owned operating expenses 62,020 57,128
General and administrative (including stock-based compensation of $1,052 and $838, respectively) 11,893 11,172
Settlements 1,245  
Depreciation and amortization 3,051 2,647
Lease termination expense and asset write-offs 2,225 529
Pre-opening expenses 1,595 5,994
Transaction costs 421 1,293
Equity in income of investee companies (168) (674)
Other expense (income), net 36 (46)
Total costs and expenses 82,318 78,043
Operating loss (2,658) (5,629)
Other expenses, net:    
Derivative income   (100)
Interest expense, net of interest income 1,167 464
Total other expenses, net 1,167 364
Loss from continuing operations before provision for income taxes (3,825) (5,993)
Provision for income taxes 600 10,370
Loss from continuing operations (4,425) (16,363)
Income (loss) from discontinued operations 397 (92)
Net loss (4,028) (16,455)
Less: net income attributable to noncontrolling interest 188 233
Net loss attributable to The ONE Group Hospitality, Inc. (4,216) (16,688)
Currency translation adjustment (12) (1,124)
Comprehensive loss $ (4,228) $ (17,812)
Basic and diluted loss per share:    
Continuing operations $ (0.18) $ (0.66)
Discontinued operations 0.02 0.00
Attributable to The ONE Group Hospitality, Inc. $ (0.17) $ (0.66)
Shares used in computing basic and diluted loss per share 25,402,330 25,078,113