Income Statement

v3.10.0.1
CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE (LOSS) INCOME - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Revenues:        
Owned restaurant net revenues $ 15,312 $ 13,189 $ 45,908 $ 42,100
Owned food, beverage and other net revenues 1,960 2,144 6,048 8,460
Total owned revenues 17,272 15,333 51,956 50,560
Management, license and incentive fee revenue 2,688 2,479 7,832 7,577
Total revenues 19,960 17,812 59,788 58,137
Owned restaurants:        
Owned restaurant cost of sales 4,050 3,436 12,121 11,150
Owned restaurant operating expenses 9,779 8,911 28,556 27,688
Total owned operating expenses 13,829 12,347 40,677 38,838
Owned food, beverage and other expenses 2,068 2,044 5,782 7,296
Total owned operating expenses 15,897 14,391 46,459 46,134
General and administrative (including stock-based compensation of $337, $200, $1,005 and $744, respectively) 2,266 2,267 7,937 8,479
Settlements 0 500 0 1,295
Depreciation and amortization 896 950 2,575 2,621
Lease termination expense and asset write-offs 78 402 168 883
Pre-opening expenses 449 94 1,330 1,286
Transaction costs 0 0 0 254
Equity in (income) of investee companies 0 (264) (111) (156)
Other income, net 38 (19) (139) (137)
Total costs and expenses 19,624 18,321 58,219 60,659
Income (loss) from operations 336 (509) 1,569 (2,522)
Interest expense, net of interest income 294 325 902 804
Income (loss) from continuing operations before provision for income taxes 42 (834) 667 (3,326)
Income tax provision 251 179 445 365
(Loss) income from continuing operations (209) (1,013) 222 (3,691)
(Loss) from discontinued operations, net of taxes 0 0 0 (106)
Net (loss) income (209) (1,013) 222 (3,797)
Less: net income attributable to noncontrolling interest 96 153 116 71
Net (loss) income attributable to The ONE Group Hospitality, Inc. (305) (1,166) 106 (3,868)
Currency translation adjustment (170) 107 (104) 190
Comprehensive (loss) income $ (475) $ (1,059) $ 2 $ (3,678)
Basic (loss) earnings per share:        
Continuing operations $ (0.01) $ (0.05) $ 0.00 $ (0.15)
Discontinued operations 0 0 0 0
Attributed to The ONE Group Hospitality, Inc. (0.01) (0.05) 0.00 (0.15)
Diluted (loss) earnings per share:        
Continuing operations (0.01) (0.05) 0.00 (0.15)
Discontinued operations 0 0 0 0
Attributed to The ONE Group Hospitality, Inc. $ (0.01) $ (0.05) $ 0.00 $ (0.15)
Weighted average number of common shares outstanding        
Basic 27,751,632 25,228,288 27,437,269 25,141,933
Diluted 27,751,632 25,228,288 27,499,645 25,141,933

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