v3.25.1
Consolidated Statements of Operations - USD ($)
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Consolidated Statements of Operations    
Restaurant revenue - company-owned restaurants $ 8,577,148 $ 8,744,158
Restaurant revenue - company-owned non-traditional 953,574 934,662
Franchising revenue 5,540,968 4,665,187
Administrative fees and other 77,910 29,567
Total revenue 15,149,600 14,373,574
Operating expenses:    
Restaurant expenses - company-owned restaurants 7,793,798 7,813,176
Restaurant expenses - company-owned non-traditional 1,000,646 792,532
Franchising expenses 1,703,136 231,695
Total operating expenses 10,497,580 8,837,403
Depreciation and amortization 499,648 379,516
General and administrative 2,642,150 1,548,878
Defense against activist shareholder 35,184 168,092
Total expenses 13,674,562 10,933,889
Operating income 1,475,038 3,439,685
Interest expense 1,637,398 1,744,488
Change in fair value of warrants (1,828) 234,913
Net income (loss) before income taxes (160,532) 1,460,284
Income tax (benefit) (157,358) 0
Net income (loss) (1) $ (3,174) $ 1,460,284
Income per share - basic:    
Net income Basic $ 0.00 $ 0.07
Weighted average number of common shares outstanding 22,215,512 22,215,512
Diluted income per share:    
Net income Diluted $ 0.00 $ 0.07
Weighted average number of common shares outstanding 24,310,256 23,599,853