| Summary of Financial Information by Geographic Location |
The following table contains certain financial information by geographic location for the nine months ended September 30, 2015 and 2014:
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Three months ended September 30, |
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Nine months ended September 30, |
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2015 |
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2014 |
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2015 |
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2014 |
United States: |
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Revenues - owned units |
$ |
13,314,507 |
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$ |
10,444,821 |
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$ |
35,818,733 |
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$ |
28,709,010 |
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Management, incentive and royalty fee revenue |
1,384,556 |
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1,360,148 |
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4,385,104 |
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4,346,117 |
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Foreign: |
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Revenues - owned units |
$ |
— |
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$ |
— |
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$ |
— |
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$ |
13,911 |
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Management and development fee revenue |
554,820 |
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585,216 |
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1,727,525 |
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1,861,407 |
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The following table contains certain financial information by geographic location at September 30, 2015 and December 31, 2014:
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September 30,
2015 |
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December 31,
2014 |
United States: |
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Net assets |
$ |
12,815,249 |
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$ |
6,290,470 |
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Foreign: |
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Net assets |
$ |
4,683,427 |
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$ |
890,464 |
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