Income Statement

v3.20.1
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE (LOSS) INCOME - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Revenues:    
Owned restaurant net revenue $ 38,557 $ 20,093
Management, license and incentive fee revenue 2,162 2,683
Total revenues 40,719 22,776
Owned operating expenses:    
Owned restaurant cost of sales 10,113 5,026
Owned restaurant operating expenses 26,499 12,717
Total owned operating expenses 36,612 17,743
General and administrative (including stock-based compensation of $338 and $181 for the three months ended March 31, 2020 and 2019 respectively) 3,397 2,650
Depreciation and amortization 2,440 942
Transaction and integration costs 1,095  
COVID-19 related expenses 1,348  
Lease termination expenses 179  
Pre-opening expenses   482
Other income, net (1) (175)
Total costs and expenses 45,070 21,642
Operating (loss) income (4,351) 1,134
Other expenses, net:    
Interest expense, net of interest income 1,175 269
Total other expenses, net 1,175 269
(Loss) income before (benefit) provision for income taxes (5,526) 865
(Benefit) provision for income taxes (653) 96
Net (loss) income (4,873) 769
Less: net income attributable to noncontrolling interest (274) (85)
Net (loss) income attributable to The ONE Group Hospitality, Inc. (4,599) 854
Currency translation loss (44) (160)
Comprehensive (loss) income $ (4,643) $ 694
Net (loss) income attributable to The ONE Group Hospitality, Inc. per share:    
Basic net (loss) income per share $ (0.16) $ 0.03
Diluted net (loss) income per share $ (0.16) $ 0.03
Shares used in computing basic (loss) earnings per share (in shares) 28,636,325 28,314,820
Shares used in computing diluted (loss) earnings per share (in shares) 28,636,325 29,311,756

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