Quarterly report pursuant to sections 13 or 15(d)

CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE (LOSS) INCOME

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CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE (LOSS) INCOME (USD $)
 3 Months Ended
Mar. 31, 2014
Mar. 31, 2013
Revenues:    
Owned unit net revenues $ 8,153,892 $ 9,386,763
Management and incentive fee revenue 2,119,028 1,595,218
Total revenue 10,272,920 10,981,981
Owned operating expenses:    
Food and beverage costs 2,145,028 2,442,244
Unit operating expenses 5,455,766 5,457,697
General and administrative 1,907,254 883,714
Depreciation and amortization 323,806 476,030
Management and royalty fees 21,082 20,205
Pre-opening expenses 246,348 39,833
(Income) loss on equity method investments (114,408) (233,056)
Derivative expense 48,000  
Interest expense, net of interest income 18,923 154,577
Other expense (income) 101,521 (47,054)
Total costs and expenses 10,153,320 9,194,190
Income from continuing operations before provision for income taxes 119,600 1,787,791
Provision for income taxes 235,192 48,437
(Loss) income from continuing operations (115,592) 1,739,354
Loss from discontinued operations, net of taxes (925,174) (1,892,680)
Net loss (1,040,766) (153,326)
Less: net loss attributable to noncontrolling interest (318,963) (241,463)
Net (loss) income attributable to Committed Capital Acquisition Corporation (721,803) 88,137
Other comprehensive income    
Currency translation adjustment 20,532 67,086
Comprehensive (loss) income $ (701,271) $ 155,223
Basic and diluted (loss) income per share:    
Continuing operations $ 0.0 $ 0.15
Discontinued operations $ (0.04) $ (0.16)
Net (loss) income attributable to Committed Capital Acquisition Corporation $ (0.03) $ 0.01
Shares used in computing basic and diluted (loss) income per share 24,946,668 11,631,400