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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Revenue:        
Total revenue $ 2,938,082 $ 3,079,275 $ 8,267,853 $ 9,122,828
Operating expenses:        
Total operating expenses 1,968,083 1,744,537 4,731,662 5,222,734
Depreciation and amortization 98,279 66,872 262,505 236,918
General and administrative expenses 460,392 432,920 1,254,186 1,273,960
Total expenses 2,526,753 2,244,329 6,248,353 6,733,612
Operating income 411,329 834,946 2,019,500 2,389,217
Interest expense 327,831 219,674 1,577,285 566,845
Income before income taxes 83,498 615,272 442,215 1,822,369
Income tax expense (benefit) 0 147,665 (81,983) 437,369
Net income $ 83,498 $ 467,607 $ 524,198 $ 1,385,003
Earnings per share - basic:        
Net income before income tax $ 0.00 $ 0.03 $ 0.02 $ 0.08
Net income $ 0.00 $ 0.02 $ 0.02 $ 0.06
Weighted average number of common shares outstanding 22,215,512 21,976,283 22,215,512 21,797,946
Diluted earnings per share:        
Net income before income tax $ 0.00 $ 0.03 $ 0.02 $ 0.08
Net income $ 0.00 $ 0.02 $ 0.03 $ 0.06
Weighted average number of common shares outstanding 23,765,512 23,547,037 23,765,512 23,368,701
Company-Owned Restaurants        
Revenue:        
Total revenue $ 1,583,251 $ 1,221,843 $ 4,083,064 $ 3,693,922
Operating expenses:        
Total operating expenses 1,376,754 1,077,856 3,153,123 3,209,709
Company-Owned Non-traditional        
Revenue:        
Total revenue 99,255 169,422 365,372 499,944
Operating expenses:        
Total operating expenses 108,935 157,652 338,161 464,470
Franchising Revenue        
Revenue:        
Total revenue 1,252,503 1,681,951 11,191 4,895,173
Operating expenses:        
Total operating expenses 482,394 509,029   1,548,555
Administrative Fees and Other        
Revenue:        
Total revenue $ 3,073 $ 6,059 3,808,226 $ 33,789
Operating expenses:        
Total operating expenses     $ 1,240,379