v3.25.1
Consolidated Statements of Operations - USD ($)
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Revenue:    
Food and beverage $ 12,839,137 $ 9,214,779
Total revenue 12,839,137 9,214,779
Restaurant operating expenses:    
Food, beverages and supplies 3,363,182 2,376,961
Labor 4,838,325 4,234,905
Rent and utilities 1,770,205 1,129,060
Delivery and service fees 528,632 563,910
Depreciation 822,318 545,549
Total restaurant operating expenses 11,322,662 8,850,385
Net restaurant operating income 1,516,475 364,394
Operating expenses:    
General and administrative 3,831,676 3,419,036
Related party compensation 139,769 339,740
Advertising and marketing 100,059 120,872
Total operating expenses 4,071,504 3,879,648
Loss from operations (2,555,029) (3,515,254)
Other income (expense):    
RRF loan forgiveness 700,454
Gain on disposal of fixed asset 8,920
Other income 378,621 32,316
Interest (455,224) (218,153)
Total other income (76,603) 523,537
Loss before income taxes (2,631,632) (2,991,717)
Income tax provision 34,237 48,647
Net loss $ (2,665,869) $ (3,040,364)
Loss per share:    
Basic $ (1.98) $ (2.29)
Diluted $ (1.98) $ (2.29)
Weighted average number of common shares outstanding:    
Basic 1,345,756 1,329,022
Diluted 1,345,756 1,329,022

Source