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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Revenue:        
Restaurant revenue - company-owned restaurants $ 2,122,352 $ 1,583,251 $ 6,495,788 $ 4,083,064
Restaurant revenue - company-owned non-traditional 120,316 99,255 353,617 365,372
Franchising revenue 1,177,776 1,252,503 3,430,995 3,808,226
Administrative fees and other 3,734 3,073 10,803 11,191
Total revenue 3,424,178 2,938,082 10,291,203 8,267,853
Operating expenses:        
Restaurant expenses - company-owned restaurants 1,893,721 1,376,754 5,058,358 3,153,123
Restaurant expenses - company-owned non-traditional 126,765 108,935 334,579 338,161
Franchising expenses 491,798 482,394 1,313,472 1,240,379
Total operating expenses 2,512,284 1,968,083 6,706,409 4,731,662
Depreciation and amortization 142,133 98,279 448,892 262,505
General and administrative expenses 505,992 460,392 1,286,530 1,254,186
Total expenses 3,160,409 2,526,753 8,441,831 6,248,353
Operating income 263,769 411,329 1,849,372 2,019,500
Interest expense 343,184 327,831 1,016,214 1,577,285
Income (loss) before income taxes (79,415) 83,498 833,158 442,215
Income tax expense (benefit) 0 0 0 (81,983)
Net income (loss) $ (79,415) $ 83,498 $ 833,158 $ 524,198
Earnings per share - basic:        
Net income (loss) before income tax $ 0.00 $ 0.00 $ 0.04 $ 0.02
Net income (loss) $ 0.00 $ 0.00 $ 0.04 $ 0.02
Weighted average number of common shares outstanding 22,215,512 22,215,512 22,215,512 22,215,512
Diluted earnings per share:        
Net income (loss) before income tax $ 0.00 $ 0.00 $ 0.04 $ 0.02
Net income (loss) $ 0.00 $ 0.00 $ 0.04 $ 0.03
Weighted average number of common shares outstanding daluted 23,522,028 23,765,512 23,522,028 23,765,512