v3.23.3
Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Revenue:        
Food and beverage $ 2,025,386 $ 1,772,646 $ 6,714,429 $ 5,746,336
Revenue from Contract with Customer, Product and Service [Extensible Enumeration] Food and Beverage [Member] Food and Beverage [Member] Food and Beverage [Member] Food and Beverage [Member]
Total revenue $ 2,025,386 $ 1,772,646 $ 6,714,429 $ 5,746,336
Restaurant operating expenses:        
Food, beverages and supplies 557,705 456,442 1,787,046 1,493,196
Labor 1,125,717 836,646 3,129,198 2,644,887
Rent and utilities 285,013 235,717 840,389 750,141
Delivery and service fees 130,189 113,889 415,139 373,596
Depreciation 144,701 90,351 396,388 555,224
Total restaurant operating expenses 2,243,325 1,733,045 6,568,160 5,817,044
Net operating restaurant operating income (loss) (217,939) 39,601 146,269 (70,708)
Operating expenses:        
General and administrative 477,732 869,244 2,700,078 1,902,933
Related party compensation 92,876 631,968 216,308 631,968
Advertising and marketing 34,051 37,715 86,593 78,298
Total operating expenses 604,659 1,538,927 3,002,979 2,613,199
Loss from operations (822,598) (1,499,326) (2,856,710) (2,683,907)
Other income (expense):        
PPP loan forgiveness 385,900
Gain on disposal of fixed asset 8,920
Other income 7,784 14,774 6,301
Interest (48,049) (20,882) (186,877) (61,876)
Total other income (expense), net (40,265) (20,882) (163,183) 330,325
Loss before income taxes (862,863) (1,520,208) (3,019,893) (2,353,582)
Income tax provision 22,080 5,629 29,068 12,669
Net loss $ (884,943) $ (1,525,837) $ (3,048,961) $ (2,366,251)
Loss per share:        
Loss per share Basic $ (0.24) $ (0.24) $ (0.07) $ (0.15)
Loss per share Diluted $ (0.24) $ (0.24) $ (0.07) $ (0.15)
Weighted average number of common shares outstanding:        
Weighted average number of common shares outstanding Basic 12,940,000 9,680,950 12,940,000 10,133,549
Weighted average number of common shares outstanding Diluted 12,940,000 9,680,950 12,940,000 10,133,549

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