v3.24.3
Consolidated Statements of Operations (Unaudited) - USD ($) |
3 Months Ended | 9 Months Ended | ||
|---|---|---|---|---|
Sep. 30, 2024 |
Sep. 30, 2023 |
Sep. 30, 2024 |
Sep. 30, 2023 |
|
| Revenue: | Â | Â | Â | Â |
| Food and beverage | $ 3,015,525 | $ 2,025,386 | $ 9,152,530 | $ 6,714,429 |
| 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 | $ 3,015,525 | $ 2,025,386 | $ 9,152,530 | $ 6,714,429 |
| Restaurant operating expenses: | Â | Â | Â | Â |
| Food, beverages and supplies | 853,943 | 557,705 | 2,362,515 | 1,787,046 |
| Labor | 1,344,534 | 1,125,717 | 4,125,195 | 3,129,198 |
| Rent and utilities | 493,667 | 285,013 | 1,262,963 | 840,389 |
| Delivery and service fees | 118,070 | 130,189 | 398,986 | 415,139 |
| Depreciation | 246,374 | 144,701 | 596,701 | 396,388 |
| Total restaurant operating expenses | 3,056,588 | 2,243,325 | 8,746,360 | 6,568,160 |
| Net operating restaurant operating income (loss) | (41,063) | (217,939) | 406,170 | 146,269 |
| Operating expenses: | Â | Â | Â | Â |
| General and administrative | 935,591 | 477,732 | 2,953,755 | 2,700,078 |
| Related party compensation | 50,000 | 92,876 | 139,769 | 216,308 |
| Advertising and marketing | 22,391 | 34,051 | 80,955 | 86,593 |
| Total operating expenses | 1,007,982 | 604,659 | 3,174,479 | 3,002,979 |
| Loss from operations | (1,049,045) | (822,598) | (2,768,309) | (2,856,710) |
| Other income (expense): | Â | Â | Â | Â |
| Gain on disposal of fixed asset | 8,920 | |||
| Other income | 7,784 | 12,207 | 14,774 | |
| Interest | (161,472) | (48,049) | (413,598) | (186,877) |
| Total other income (expense), net | (161,472) | (40,265) | (401,391) | (163,183) |
| Loss before income taxes | (1,210,517) | (862,863) | (3,169,700) | (3,019,893) |
| Income tax provision | 11,599 | 22,080 | 33,437 | 29,068 |
| Net loss | $ (1,222,116) | $ (884,943) | $ (3,203,137) | $ (3,048,961) |
| Loss per share: | Â | Â | Â | Â |
| Basic | $ (0.91) | $ (0.67) | $ (2.39) | $ (2.29) |
| Diluted | $ (0.91) | $ (0.67) | $ (2.39) | $ (2.29) |
| Weighted average number of common shares outstanding: | Â | Â | Â | Â |
| Basic | 1,343,537 | 1,328,847 | 1,342,585 | 1,328,847 |
| Diluted | 1,343,537 | 1,328,847 | 1,342,585 | 1,328,847 |
| X | ||||||||||
- Definition Delivery and service fees. No definition available.
|
| X | ||||||||||
- Definition Net restaurant operating income (loss). No definition available.
|
| X | ||||||||||
- Definition Rent and utilities. No definition available.
|
| X | ||||||||||
- Definition Cost of food and beverage catering for passengers. No definition available.
|
| X | ||||||||||
- Definition The amount of expense recognized in the current period that reflects the allocation of the cost of tangible assets over the assets' useful lives. Includes production and non-production related depreciation. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
| X | ||||||||||
- References No definition available.
|
| X | ||||||||||
- References No definition available.
|
| X | ||||||||||
- Definition The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
| X | ||||||||||
- Definition Amount of gain (loss) on sale or disposal of property, plant and equipment assets, including oil and gas property and timber property. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition The aggregate total of expenses of managing and administering the affairs of an entity, including affiliates of the reporting entity, which are not directly or indirectly associated with the manufacture, sale or creation of a product or product line. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
|
| X | ||||||||||
- Definition Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
| X | ||||||||||
- Definition Amount of interest expense classified as nonoperating. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
| X | ||||||||||
- Definition Amount of expense for salary, wage, profit sharing; incentive and equity-based compensation; and other employee benefit. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
|
| X | ||||||||||
- Definition The total expense recognized in the period for promotion, public relations, and brand or product advertising. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
| X | ||||||||||
- Definition The aggregate amount of income or expense from ancillary business-related activities (that is to say, excluding major activities considered part of the normal operations of the business). Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- References No definition available.
|
| X | ||||||||||
- Definition Generally recurring costs associated with normal operations except for the portion of these expenses which can be clearly related to production and included in cost of sales or services. Excludes Selling, General and Administrative Expense. No definition available.
|
| X | ||||||||||
- References No definition available.
|
| X | ||||||||||
- Definition Generally recurring costs associated with normal operations except for the portion of these expenses which can be clearly related to production and included in cost of sales or services. Includes selling, general and administrative expense. No definition available.
|
| X | ||||||||||
- References No definition available.
|
| X | ||||||||||
- Definition The net result for the period of deducting operating expenses from operating revenues. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
|
| X | ||||||||||
- Definition Amount of income related to nonoperating activities, classified as other. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
| X | ||||||||||
- Definition Amount, excluding tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value added and excise. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
| X | ||||||||||
- Definition Indicates product and service for revenue from satisfaction of performance obligation by transferring promised product and service to customer. Reference 1: http://www.xbrl.org/2003/role/exampleRef
|
| X | ||||||||||
- References No definition available.
|
| X | ||||||||||
- Definition Amount of noncash expense for share-based payment arrangement. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
| X | ||||||||||
- Definition Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
