iPic Entertainment Inc.
CIK:0001720201|SEC Filings
Unaudited Condensed Consolidated Statements of Operations - USD ($) $ in Thousands |
3 Months Ended | ||||
|---|---|---|---|---|---|
Mar. 31, 2019 |
Mar. 31, 2018 |
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| Revenues | |||||
| Food and beverage | $ 15,685 | $ 19,992 | |||
| Theater | 14,071 | 17,753 | |||
| Other | 482 | 959 | |||
| Total revenues | 30,238 | 38,704 | |||
| Operating expenses | |||||
| Cost of food and beverage | 4,071 | 5,486 | |||
| Cost of theater | 5,618 | 7,687 | |||
| Operating payroll and benefits | 9,144 | 10,578 | |||
| Occupancy expenses | 4,910 | 4,676 | |||
| Other operating expenses | 5,599 | 7,608 | |||
| General and administrative expenses | 5,062 | 13,115 | |||
| Depreciation and amortization expense | 4,787 | 4,840 | |||
| Pre-opening expenses | 1,138 | ||||
| Loss on abandonment of lease | 1,839 | ||||
| Operating expenses | 40,329 | 55,829 | |||
| Operating loss | (10,091) | (17,125) | |||
| Other expense | |||||
| Interest expense | (4,832) | (4,614) | |||
| Total other expense | (4,832) | (4,614) | |||
| Net loss before income tax expense | (14,923) | (21,739) | |||
| Income tax expense | 13 | 22 | |||
| Net loss | (14,936) | (21,761) | |||
| Less: Net loss attributable to non-controlling interests | (5,631) | (15,385) | |||
| Net loss attributable to IPIC Entertainment Inc. | $ (9,305) | $ (6,376) | |||
| Net loss per Class A common share (Note 9) | |||||
| Basic | [1] | $ (1.26) | $ (1.70) | ||
| Diluted | [1] | $ (1.26) | $ (1.70) | ||
| Weighted-average number of Class A common shares outstanding (Note 9) | |||||
| Basic | [1] | 7,365,472 | 1,135,437 | ||
| Diluted | [1] | 7,365,472 | 1,135,437 | ||
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