2019 Q1 Form 10-K Financial Statement

#000114420419016710 Filed on March 28, 2019

View on sec.gov

Income Statement

Concept 2019 Q1 2018 Q4 2018 Q1
Revenue $22.78M $25.81M $19.52M
YoY Change 16.72% 19.93% -4.45%
Cost Of Revenue $4.570M $5.100M $4.030M
YoY Change 13.4% 16.17% 3.87%
Gross Profit $18.21M $20.71M $15.48M
YoY Change 17.64% 20.9% -6.47%
Gross Profit Margin 79.94% 80.24% 79.32%
Selling, General & Admin $3.130M $3.220M $3.270M
YoY Change -4.28% -13.44% -3.54%
% of Gross Profit 17.19% 15.55% 21.12%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $940.0K $240.0K $780.0K
YoY Change 20.51% -44.19% -10.34%
% of Gross Profit 5.16% 1.16% 5.04%
Operating Expenses $17.07M $16.49M $15.10M
YoY Change 13.04% 4.24% -6.68%
Operating Profit $1.140M $4.220M $461.0K
YoY Change 147.29% 222.14% -282.94%
Interest Expense -$270.0K -$220.0K -$340.0K
YoY Change -20.59% -37.14% -347.25%
% of Operating Profit -23.68% -5.21% -73.75%
Other Income/Expense, Net
YoY Change
Pretax Income $870.0K $3.950M $143.0K
YoY Change 508.39% -890.0% -127.98%
Income Tax $100.0K $270.0K $25.00K
% Of Pretax Income 11.49% 6.84% 17.48%
Net Earnings $850.0K $3.170M $231.0K
YoY Change 267.97% -1005.71% -157.46%
Net Earnings / Revenue 3.73% 12.28% 1.18%
Basic Earnings Per Share $0.01
Diluted Earnings Per Share $29.00K $105.7K $0.01
COMMON SHARES
Basic Shares Outstanding 28.63M 28.29M shares 27.19M shares
Diluted Shares Outstanding 27.39M shares

Balance Sheet

Concept 2019 Q1 2018 Q4 2018 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.100M $1.600M $1.100M
YoY Change 0.0% 6.67% -38.89%
Cash & Equivalents $1.100M $1.592M $1.143M
Short-Term Investments
Other Short-Term Assets $1.500M $93.00K $446.0K
YoY Change 236.32% -74.52% 50.88%
Inventory $1.200M $1.404M $1.288M
Prepaid Expenses
Receivables $5.900M $7.029M $5.252M
Other Receivables $200.0K $200.0K $200.0K
Total Short-Term Assets $10.00M $11.54M $9.192M
YoY Change 8.79% 18.21% -20.26%
LONG-TERM ASSETS
Property, Plant & Equipment $80.50M $39.35M $37.34M
YoY Change 115.6% 4.06% 0.1%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $2.700M $2.684M $600.0K
YoY Change 350.0% -9.23% -80.71%
Other Assets $2.400M $349.0K $422.0K
YoY Change 468.72% -9.11% -32.78%
Total Long-Term Assets $85.60M $44.44M $42.43M
YoY Change 101.74% 2.74% -2.01%
TOTAL ASSETS
Total Short-Term Assets $10.00M $11.54M $9.192M
Total Long-Term Assets $85.60M $44.44M $42.43M
Total Assets $95.60M $55.98M $51.62M
YoY Change 85.19% 5.59% -5.85%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $5.700M $5.408M $5.095M
YoY Change 11.87% 1.48% -17.1%
Accrued Expenses $8.600M $8.093M $6.206M
YoY Change 38.58% 15.83% 45.0%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $200.0K
YoY Change -100.0% -100.0% -84.62%
Long-Term Debt Due $2.800M $3.201M $3.187M
YoY Change -12.14% -1.23% -21.45%
Total Short-Term Liabilities $18.50M $17.82M $15.72M
YoY Change 17.68% 5.28% -5.66%
LONG-TERM LIABILITIES
Long-Term Debt $6.700M $7.118M $9.378M
YoY Change -28.56% -29.63% -24.55%
Other Long-Term Liabilities $57.50M $19.00M $19.70M
YoY Change 191.88% -2.06% 4.23%
Total Long-Term Liabilities $64.20M $7.118M $9.378M
YoY Change 584.58% -29.63% -24.55%
TOTAL LIABILITIES
Total Short-Term Liabilities $18.50M $17.82M $15.72M
Total Long-Term Liabilities $64.20M $7.118M $9.378M
Total Liabilities $82.20M $43.92M $44.76M
YoY Change 83.66% -5.48% -6.71%
SHAREHOLDERS EQUITY
Retained Earnings -$28.72M -$31.80M
YoY Change -10.18% 12.91%
Common Stock $3.000K $3.000K
YoY Change 0.0% 19.76%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $13.40M $12.51M $7.901M
YoY Change
Total Liabilities & Shareholders Equity $95.60M $55.98M $51.62M
YoY Change 85.19% 5.59% -5.85%

Cashflow Statement

Concept 2019 Q1 2018 Q4 2018 Q1
OPERATING ACTIVITIES
Net Income $850.0K $3.170M $231.0K
YoY Change 267.97% -1005.71% -157.46%
Depreciation, Depletion And Amortization $940.0K $240.0K $780.0K
YoY Change 20.51% -44.19% -10.34%
Cash From Operating Activities $2.510M $3.030M $172.0K
YoY Change 1359.3% -613.56% -79.69%
INVESTING ACTIVITIES
Capital Expenditures -$2.060M -$860.0K $306.0K
YoY Change -773.2% 72.0% -77.38%
Acquisitions
YoY Change
Other Investing Activities $0.00 $0.00 $600.0K
YoY Change -100.0% -100.0%
Cash From Investing Activities -$2.060M -$860.0K $294.0K
YoY Change -800.68% 290.91% -121.73%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -800.0K -970.0K -$843.0K
YoY Change -5.1% -165.1% -987.37%
NET CHANGE
Cash From Operating Activities 2.510M 3.030M $172.0K
Cash From Investing Activities -2.060M -860.0K $294.0K
Cash From Financing Activities -800.0K -970.0K -$843.0K
Net Change In Cash -350.0K 1.200M -$377.0K
YoY Change -7.16% 76.47% -8.27%
FREE CASH FLOW
Cash From Operating Activities $2.510M $3.030M $172.0K
Capital Expenditures -$2.060M -$860.0K $306.0K
Free Cash Flow $4.570M $3.890M -$134.0K
YoY Change -3510.45% -4422.22% -73.52%

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CY2018 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedWeightedAverageGrantDateFairValue
1.16
CY2017 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
94000
CY2018 us-gaap Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
430000
CY2017 us-gaap Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
-443000
CY2018 us-gaap Increase Decrease In Security Deposits
IncreaseDecreaseInSecurityDeposits
11000
CY2017 us-gaap Increase Decrease In Security Deposits
IncreaseDecreaseInSecurityDeposits
169000
CY2018 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
-35000
CY2017 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
-262000
CY2018 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
79000
CY2017 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
1627000
CY2018 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
911000
CY2017 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
1631000
CY2018 us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
-758000
CY2017 us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
503000
CY2018 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
6444000
CY2017 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
5987000
CY2018 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
4102000
CY2017 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
4610000
CY2018 us-gaap Payments For Proceeds From Investments
PaymentsForProceedsFromInvestments
-40000
CY2017 us-gaap Payments For Proceeds From Investments
PaymentsForProceedsFromInvestments
-276000
CY2018 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-3462000
CY2017 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-4334000
CY2018 stks Proceeds From Business Loan And Security Agreement
ProceedsFromBusinessLoanAndSecurityAgreement
0
CY2017 stks Proceeds From Business Loan And Security Agreement
ProceedsFromBusinessLoanAndSecurityAgreement
1000000
CY2018 us-gaap Repayments Of Debt
RepaymentsOfDebt
2828000
CY2017 us-gaap Repayments Of Debt
RepaymentsOfDebt
2828000
CY2018 us-gaap Repayments Of Construction Loans Payable
RepaymentsOfConstructionLoansPayable
354000
CY2017 us-gaap Repayments Of Construction Loans Payable
RepaymentsOfConstructionLoansPayable
334000
CY2018 stks Repayment Of Business Loan And Security Agreement
RepaymentOfBusinessLoanAndSecurityAgreement
62000
CY2017 stks Repayment Of Business Loan And Security Agreement
RepaymentOfBusinessLoanAndSecurityAgreement
938000
CY2018 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
1223000
CY2017 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
2183000
CY2018 us-gaap Proceeds From Issuance Of Warrants
ProceedsFromIssuanceOfWarrants
0
CY2017 us-gaap Proceeds From Issuance Of Warrants
ProceedsFromIssuanceOfWarrants
388000
CY2018 us-gaap Payments Of Distributions To Affiliates
PaymentsOfDistributionsToAffiliates
163000
CY2017 us-gaap Payments Of Distributions To Affiliates
PaymentsOfDistributionsToAffiliates
409000
CY2018 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-2184000
CY2017 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-938000
CY2018 us-gaap Effect Of Exchange Rate On Cash
EffectOfExchangeRateOnCash
-754000
CY2017 us-gaap Effect Of Exchange Rate On Cash
EffectOfExchangeRateOnCash
-85000
CY2018 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
44000
CY2017 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
630000
CY2016Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
918000
CY2018 us-gaap Interest Paid Net
InterestPaidNet
996000
CY2017 us-gaap Interest Paid Net
InterestPaidNet
1180000
CY2018 us-gaap Income Taxes Paid
IncomeTaxesPaid
797000
CY2017 us-gaap Income Taxes Paid
IncomeTaxesPaid
99000
CY2018 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested Number Of Shares
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedNumberOfShares
427651
CY2018 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Options Forfeited Number Of Shares
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedOptionsForfeitedNumberOfShares
70500
CY2018 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Options Forfeited Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedOptionsForfeitedWeightedAverageGrantDateFairValue
1.10
CY2018Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Number Of Shares
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedNumberOfShares
926500
CY2018Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedWeightedAverageGrantDateFairValue
0.91
CY2018 stks Income Loss From Cost Method Investments
IncomeLossFromCostMethodInvestments
185000
CY2017 stks Income Loss From Cost Method Investments
IncomeLossFromCostMethodInvestments
0
CY2018 stks Proceeds From Sale Of Cost Method Investments
ProceedsFromSaleOfCostMethodInvestments
600000
CY2017 stks Proceeds From Sale Of Cost Method Investments
ProceedsFromSaleOfCostMethodInvestments
0
CY2018 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
195938
CY2018 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
2.81
CY2018 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod
361737
CY2018 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodWeightedAverageGrantDateFairValue
1.90
CY2018 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeited In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod
55000
CY2018 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeitures Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeituresWeightedAverageGrantDateFairValue
2.74
CY2018Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
764201
CY2018Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
2.54
CY2018 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Concentrations of Credit Risk</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-indent: 0.25in;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">The Company maintains cash and cash equivalent balances with financial institutions that, at times, may exceed federally insured limits. As of December&#160;31, 2018 and 2017, the Company had $1.1&#160;million and $1.6 million, respectively, of cash deposited that is in excess of federally insured limits. The Company has not experienced any losses related to these balances and management believes its credit risk to be minimal.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-indent: 0.25in;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">The Company&#8217;s accounts receivable balance includes credit card receivables. Management believes that concentrations of credit risk with respect to these credit card receivables are limited. Credit card receivables are anticipated to be collected within three business days of the transaction.</div></div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table>
CY2018 us-gaap Use Of Estimates
UseOfEstimates
<div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;;font-style:italic;display:inline;">Use of Estimates</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-indent: 0.25in;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">The preparation of the consolidated financial statements in conformity with GAAP requires the Company to make estimates and assumptions for the reporting period and as of the reporting date. These estimates and assumptions affect the reported amounts of assets, liabilities, revenues and expenses, and the disclosure of contingencies. Actual results could differ from those estimates.</div></div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table>
CY2018 us-gaap Income Tax Examination Likelihood Of Unfavorable Settlement
IncomeTaxExaminationLikelihoodOfUnfavorableSettlement
The amount recognized is measured as the largest amount of benefit that has a greater than 50% likelihood of being realized upon ultimate settlement.
CY2017Q4 us-gaap Deferred Tax Assets Valuation Allowance Noncurrent
DeferredTaxAssetsValuationAllowanceNoncurrent
11600000
CY2018 us-gaap Operating Costs And Expenses
OperatingCostsAndExpenses
1300000
CY2017 us-gaap Operating Costs And Expenses
OperatingCostsAndExpenses
1600000
CY2018 us-gaap Marketing And Advertising Expense
MarketingAndAdvertisingExpense
2200000
CY2017 us-gaap Marketing And Advertising Expense
MarketingAndAdvertisingExpense
3600000
CY2018 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Award Vesting Rights Percentage
SharebasedCompensationArrangementBySharebasedPaymentAwardAwardVestingRightsPercentage
0.1
CY2018Q4 us-gaap Cash Uninsured Amount
CashUninsuredAmount
1100000
CY2017Q4 us-gaap Cash Uninsured Amount
CashUninsuredAmount
1600000
CY2018Q4 us-gaap Inventory Net
InventoryNet
1404000
CY2017Q4 us-gaap Inventory Net
InventoryNet
1402000
CY2018Q4 us-gaap Prepaid Taxes
PrepaidTaxes
503000
CY2017Q4 us-gaap Prepaid Taxes
PrepaidTaxes
255000
CY2018Q4 stks Landlord Receivable
LandlordReceivable
195000
CY2017Q4 stks Landlord Receivable
LandlordReceivable
258000
CY2018Q4 us-gaap Prepaid Expense Current And Noncurrent
PrepaidExpenseCurrentAndNoncurrent
680000
CY2017Q4 us-gaap Prepaid Expense Current And Noncurrent
PrepaidExpenseCurrentAndNoncurrent
421000
CY2018Q4 us-gaap Other Assets Current
OtherAssetsCurrent
93000
CY2017Q4 us-gaap Other Assets Current
OtherAssetsCurrent
365000
CY2018Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
16969000
CY2017Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
18832000
CY2018 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
2800000
CY2017 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
3100000
CY2017 us-gaap Property Plant And Equipment Disposals
PropertyPlantAndEquipmentDisposals
600000
CY2018Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
1794000
CY2017Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
847000
CY2018Q4 us-gaap Accrued Rent Current
AccruedRentCurrent
1766000
CY2017Q4 us-gaap Accrued Rent Current
AccruedRentCurrent
1471000
CY2018Q4 us-gaap Sales And Excise Tax Payable Current
SalesAndExciseTaxPayableCurrent
1028000
CY2017Q4 us-gaap Sales And Excise Tax Payable Current
SalesAndExciseTaxPayableCurrent
739000
CY2018Q4 us-gaap Accrued Professional Fees Current And Noncurrent
AccruedProfessionalFeesCurrentAndNoncurrent
645000
CY2017Q4 us-gaap Accrued Professional Fees Current And Noncurrent
AccruedProfessionalFeesCurrentAndNoncurrent
1007000
CY2018Q4 us-gaap Accrued Income Taxes
AccruedIncomeTaxes
685000
CY2017Q4 us-gaap Accrued Income Taxes
AccruedIncomeTaxes
610000
CY2018Q4 stks Accrued Payments Due To Hotels
AccruedPaymentsDueToHotels
203000
CY2017Q4 stks Accrued Payments Due To Hotels
AccruedPaymentsDueToHotels
1168000
CY2018Q4 us-gaap Accrued Insurance Current
AccruedInsuranceCurrent
212000
CY2017Q4 us-gaap Accrued Insurance Current
AccruedInsuranceCurrent
103000
CY2018Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
1760000
CY2017Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
1042000
CY2018Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
3201000
CY2018Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
1272000
CY2018Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
6357000
CY2018Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
0
CY2018Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
0
CY2018Q4 us-gaap Long Term Debt
LongTermDebt
10830000
CY2017Q4 us-gaap Long Term Debt
LongTermDebt
14063000
CY2018Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
3201000
CY2017Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
3241000
CY2018Q4 us-gaap Debt Instrument Unamortized Discount
DebtInstrumentUnamortizedDiscount
479000
CY2017Q4 us-gaap Debt Instrument Unamortized Discount
DebtInstrumentUnamortizedDiscount
654000
CY2018Q4 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
32000
CY2017Q4 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
53000
CY2015Q2 us-gaap Debt Instrument Interest Rate Stated Percentage
DebtInstrumentInterestRateStatedPercentage
0.050
CY2016Q2 us-gaap Debt Instrument Interest Rate Stated Percentage
DebtInstrumentInterestRateStatedPercentage
0.100
CY2016Q3 us-gaap Debt Instrument Interest Rate Stated Percentage
DebtInstrumentInterestRateStatedPercentage
0.1
CY2016Q4 us-gaap Debt Instrument Interest Rate Stated Percentage
DebtInstrumentInterestRateStatedPercentage
0.1
CY2015Q2 us-gaap Debt Instrument Interest Rate Stated Percentage
DebtInstrumentInterestRateStatedPercentage
0.05
CY2016Q3 us-gaap Debt Instrument Interest Rate Stated Percentage
DebtInstrumentInterestRateStatedPercentage
0.05
CY2017 us-gaap Interest Expense
InterestExpense
1000000
CY2017 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
200000
CY2018 us-gaap Interest Expense
InterestExpense
1000000
CY2018Q4 us-gaap Letters Of Credit Outstanding Amount
LettersOfCreditOutstandingAmount
1300000
CY2018Q4 us-gaap Equity Method Investments
EquityMethodInvestments
2684000
CY2017Q4 us-gaap Equity Method Investments
EquityMethodInvestments
2957000
CY2018Q1 us-gaap Equity Method Investments
EquityMethodInvestments
600000
CY2018Q4 us-gaap Due To Related Parties Current And Noncurrent
DueToRelatedPartiesCurrentAndNoncurrent
1200000
CY2017Q4 us-gaap Due To Related Parties Current And Noncurrent
DueToRelatedPartiesCurrentAndNoncurrent
1500000
CY2017 stks Write Off Of Related Party Receivable
WriteOffOfRelatedPartyReceivable
400000
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Remainder Of Fiscal Year
OperatingLeasesFutureMinimumPaymentsRemainderOfFiscalYear
6432000
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due In Two Years
OperatingLeasesFutureMinimumPaymentsDueInTwoYears
6852000
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due In Three Years
OperatingLeasesFutureMinimumPaymentsDueInThreeYears
6866000
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due In Four Years
OperatingLeasesFutureMinimumPaymentsDueInFourYears
6521000
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due In Five Years
OperatingLeasesFutureMinimumPaymentsDueInFiveYears
6688000
CY2017Q4 stks Disposal Group Including Discontinued Operation Security Deposits Noncurrent
DisposalGroupIncludingDiscontinuedOperationSecurityDepositsNoncurrent
0
CY2017Q4 us-gaap Disposal Group Including Discontinued Operation Accounts Payable And Accrued Liabilities Current
DisposalGroupIncludingDiscontinuedOperationAccountsPayableAndAccruedLiabilitiesCurrent
48000
CY2017Q4 stks Disposal Group Including Discontinued Operation Assets Liabilities Net
DisposalGroupIncludingDiscontinuedOperationAssetsLiabilitiesNet
-60000
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due Thereafter
OperatingLeasesFutureMinimumPaymentsDueThereafter
69487000
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due
OperatingLeasesFutureMinimumPaymentsDue
102846000
CY2018 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
8200000
CY2017 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
9500000
CY2018 us-gaap Operating Leases Rent Expense Contingent Rentals
OperatingLeasesRentExpenseContingentRentals
1500000
CY2017 us-gaap Operating Leases Rent Expense Contingent Rentals
OperatingLeasesRentExpenseContingentRentals
1200000
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due Future Minimum Sublease Rentals
OperatingLeasesFutureMinimumPaymentsDueFutureMinimumSubleaseRentals
1600000
CY2018 us-gaap Operating Leases Rent Expense Sublease Rentals1
OperatingLeasesRentExpenseSubleaseRentals1
800000
CY2017 us-gaap Operating Leases Rent Expense Sublease Rentals1
OperatingLeasesRentExpenseSubleaseRentals1
700000
CY2017Q4 us-gaap Disposal Group Including Discontinued Operation Other Current Assets
DisposalGroupIncludingDiscontinuedOperationOtherCurrentAssets
108000
CY2017 stks Ownership Percentage Discontinued Operations
OwnershipPercentageDiscontinuedOperations
1
CY2018 us-gaap Loss Contingency Disclosures
LossContingencyDisclosures
<div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-align: justify;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Note 16 - Litigation</div></div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">&#160;</div></div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-indent: 0.25in;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">The Company is party to claims in lawsuits incidental to its </div> business, including lease disputes and employee-related matters. <div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;"> In the opinion of management, the ultimate outcome of such matters, individually or in the aggregate, will not have a material adverse effect on the Company&#8217;s consolidated financial position or results of operations.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; background: none;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-indent: 0.25in;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">In November 2015, certain employees filed a class action lawsuit against two of the Company's subsidiaries and Bagatelle La Cienega, LLC., an entity minority-owned by the Company which has since ceased operations, (collectively, the &#8220;LA Defendants&#8221;) alleging that the LA Defendants neglected to conform to California state and local rest and meal period requirements and making other employment-related allegations. In April 2017, the LA Defendants agreed with the plaintiffs to propose court approval of a class action settlement to avoid the uncertainty and risk associated with continued litigation, which agreement was preliminarily approved by the court. Accordingly, based on the probability of this matter reaching final approval, in the second quarter of 2017, the Company recorded $0.2&#160;million of its share in these costs as settlements on the consolidated statement of operations and comprehensive income (loss). In addition, through Bagatelle Investors, the Company recognized its equity in Bagatelle LA's share of the settlement costs. Final judgment by the court of this settlement agreement was entered on September&#160;26, 2017 and the settlement payment of $0.2&#160;million was made by the Company in October&#160;2017.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-indent: 0.25in;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">In May&#160;2016, certain employees filed a class action lawsuit against two of the Company's subsidiaries and Bagatelle NY, an entity majority-owned by the Company, (collectively, the &#8220;NY Defendants&#8221;), alleging that the NY Defendants improperly took tip credits due to those employees, and making other employment-related allegations. In May&#160;2017, to avoid the uncertainty, risks and cost associated with continued litigation, the NY Defendants reached a settlement agreement with the plaintiffs. Such settlement agreement was preliminarily approved by the court. Accordingly, based on the probability of this matter reaching final approval, in the second quarter of 2017, the Company recorded $0.5&#160;million of its share in these costs as settlements on the consolidated statement of operations and comprehensive (income) loss. In addition, through Bagatelle Investors, the Company recognized its equity in Bagatelle NY&#8217;s share of the settlement costs (approximately $0.3&#160;million). Final judgment by the court of this settlement agreement was entered on November&#160;26, 2017. The first installment payment of $0.3&#160;million was paid on December&#160;14, 2017, with the second and final payment of $0.2&#160;million paid on March&#160;1, 2018.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 0;text-indent: 0.25in;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">In September&#160;2017, the Company recorded a $0.5&#160;million charge related to an arrangement with a management agreement partner to resolve a dispute. 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38000
CY2017Q4 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
69000
CY2018 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
682000
CY2017 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
618000
CY2018 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
31000
CY2017 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-18000
CY2018 stks Effective Income Tax Rate Reconciliation Global Intangible Lowtaxed Income
EffectiveIncomeTaxRateReconciliationGlobalIntangibleLowtaxedIncome
0.092
CY2018 dei Document Type
DocumentType
10-K
CY2018 dei Amendment Flag
AmendmentFlag
false
CY2018 dei Document Period End Date
DocumentPeriodEndDate
2018-12-31
CY2018 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2018
CY2018 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
FY
CY2018 dei Entity Registrant Name
EntityRegistrantName
ONE Group Hospitality, Inc.
CY2018 dei Entity Central Index Key
EntityCentralIndexKey
0001399520
CY2018 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
CY2018 dei Entity Well Known Seasoned Issuer
EntityWellKnownSeasonedIssuer
No
CY2018 dei Entity Voluntary Filers
EntityVoluntaryFilers
No
CY2018 dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
CY2018 dei Entity Filer Category
EntityFilerCategory
Non-accelerated Filer
CY2018Q2 dei Entity Public Float
EntityPublicFloat
30813909
CY2018 dei Trading Symbol
TradingSymbol
STKS
CY2019Q1 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
28626880
CY2018 dei Entity Shell Company
EntityShellCompany
false
CY2018 dei Entity Emerging Growth Company
EntityEmergingGrowthCompany
false
CY2018 dei Entity Small Business
EntitySmallBusiness
true
CY2017 stks Effective Income Tax Rate Reconciliation Global Intangible Lowtaxed Income
EffectiveIncomeTaxRateReconciliationGlobalIntangibleLowtaxedIncome
0

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