Income Statement

v3.21.1
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Revenues:    
Owned restaurant net revenue $ 49,168 $ 38,557
Management, license and incentive fee revenue 1,314 2,162
Total revenues 50,482 40,719
Owned operating expenses:    
Owned restaurant cost of sales 12,001 10,113
Owned restaurant operating expenses 27,906 26,499
Total owned operating expenses 39,907 36,612
General and administrative (including stock-based compensation of $1,022, and $338 for the three months ended March 31, 2021 and 2020 respectively) 5,174 3,397
Depreciation and amortization 2,699 2,440
COVID-19 related expenses 1,557 1,348
Transaction costs   1,095
Lease termination expenses 187 179
Pre-opening expenses 101  
Other income, net   (1)
Total costs and expenses 49,625 45,070
Operating income (loss) 857 (4,351)
Other expenses, net:    
Interest expense, net of interest income 1,246 1,175
Total other expenses, net 1,246 1,175
Loss before benefit for income taxes (389) (5,526)
Benefit for income taxes (329) (653)
Net loss (60) (4,873)
Less: net loss attributable to noncontrolling interest (130) (274)
Net income (loss) attributable to The One Group Hospitality, Inc. 70 (4,599)
Currency translation loss (18) (44)
Comprehensive income (loss) attributable to The ONE Group Hospitality, Inc. $ 52 $ (4,643)
Net income (loss) attributable to The ONE Group Hospitality, Inc. per share:    
Basic net income (loss) per share   $ (0.16)
Diluted net income (loss) per share   $ (0.16)
Shares used in computing basic income (loss) per share 29,168,576 28,636,325
Shares used in computing diluted income (loss) per share 32,031,479 28,636,325

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