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9. Loss from Discontinued Operations
12 Months Ended
Dec. 31, 2018
Notes to Financial Statements  
Loss from Discontinued Operations

The Company made the decision in late 2008 to discontinue the business of operating traditional quick service restaurants. As a result, the Company charged off or dramatically lowered the carrying value of all receivables related to the traditional restaurants and accrued future estimated expenses related to the estimated cost to prosecute a lawsuit related to those discontinued operations. The ongoing right to receive passive income in the form of royalties is not a part of the discontinued segment.

 

The Company reported a net loss on discontinued operations of $1.7 million in 2016, as the Company made the decision to discontinue the stand-alone take-n-bake concept and devote its efforts to its next generation stand-alone prototype, Noble Roman’s Craft Pizza & Pub. As a result of that decision, the Company charged off all assets related to those discontinued operations.

 

The Company reported a net loss on discontinued operations of $93,000 in 2017. This consisted primarily of rent and other costs related to a location that was part of the discontinued operations of 2008.

 

The Company reported a net loss on discontinued operations of $37,800 in 2018. This consisted of rent related to a location that was a part of the discontinued operations of 2008. The obligation of rent on this location has been completed and no further loss is expected. There are no known contingencies with regard to the 2008 discontinued operations that are expected to result in any loss.