Quarterly report pursuant to Section 13 or 15(d)

Geographic information

v3.7.0.1
Geographic information
 3 Months Ended
Mar. 31, 2017
Segment Reporting [Abstract]  
Geographic information
Geographic information:
 
The following table contains certain financial information by geographic location for the three months ended March 31, 2017 and 2016, respectively, (the Company's foreign operations are mainly based in the United Kingdom, Spain and Italy):
 

 
Three Months Ended March 31,
 
2017
 
2016
United States:
 
 
 
Revenues - owned units
$
18,112,982

 
$
14,379,930

Management, incentive and royalty fee revenue
1,836,123

 
1,455,818

 
 
 
 
Foreign:
 
 
 
Management and development fee revenue
477,593

 
558,233

 
The following table contains certain financial information by geographic location at March 31, 2017 and December 31, 2016:
 
 
March 31, 
 2017
 
December 31, 
 2016
United States:
 

 
 

Net assets
$
3,559,570

 
$
3,899,627

 
 
 
 
Foreign:
 
 
 
Net assets
$
3,293,310

 
$
3,478,911