Income Statement

v3.8.0.1
CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Revenues:    
Owned restaurant net revenues $ 15,076 $ 14,228
Owned food, beverage and other net revenues 2,005 3,885
Total owned revenue 17,081 18,113
Management, license and incentive fee revenue 2,436 2,314
Total revenues 19,517 20,427
Owned restaurants:    
Owned restaurant cost of sales 4,034 3,876
Owned restaurant operating expenses 9,378 9,369
Total owned restaurant expenses 13,412 13,245
Owned food, beverage and other expenses 1,689 2,937
Total owned operating expenses 15,101 16,182
General and administrative (including stock-based compensation of $324 and $153, respectively) 3,055 2,921
Depreciation and amortization 778 866
Lease termination expense and asset write-offs 0 273
Pre-opening expenses 210 470
Equity in loss (income) of investee companies 23 (45)
Other (income) expense, net (111) 12
Total costs and expenses 19,056 20,679
Operating income (loss) 461 (252)
Interest expense, net of interest income 318 259
Income (loss) from continuing operations before provision for income taxes 143 (511)
Income tax provision (benefit) 25 (17)
Income (loss) from continuing operations 118 (494)
Loss from discontinued operations 0 (106)
Net income (loss) 118 (600)
Less: net loss attributable to noncontrolling interest (113) (198)
Net income (loss) attributable to The ONE Group Hospitality, Inc. 231 (402)
Currency translation adjustment (75) (56)
Comprehensive income (loss) $ 156 $ (458)
Basic earnings (loss) per share:    
Continuing operations $ 0.01 $ (0.01)
Discontinued operations 0 0
Attributable to The ONE Group Hospitality, Inc. 0.01 (0.02)
Diluted earnings (loss) per share:    
Continuing operations 0.01 (0.01)
Discontinued operations 0 0
Attributable to The ONE Group Hospitality, Inc. $ 0.01 $ (0.02)
Weighted average number of common shares outstanding:    
Basic 27,187,657 25,050,628
Diluted 27,388,498 25,050,628

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