Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Operations

v3.21.2
Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Revenue, net:        
Franchise revenue $ 35,775 $ 21,462 $ 64,840 $ 53,249
Operating costs and expenses:        
Selling, general and administrative expenses (Note 9) 21,202 15,437 37,804 27,310
Depreciation and amortization 2,407 1,883 4,462 3,697
Marketing fund expense 2,860 821 5,476 3,406
Acquisition and transaction expenses (income) 297 (5,035) 647 (5,809)
Total operating costs and expenses 36,167 21,935 65,453 47,613
Operating income (loss) (392) (473) (613) 5,636
Other (income) expense:        
Interest income (358) (87) (453) (177)
Interest expense (Note 9) 11,591 4,366 16,014 12,352
Gain on debt extinguishment (3,707)   (3,707)  
Total other expense 7,526 4,279 11,854 12,175
Loss before income taxes (7,918) (4,752) (12,467) (6,539)
Income taxes 83   284 162
Net loss (8,001) (4,752) (12,751) (6,701)
Franchise revenue        
Revenue, net:        
Franchise revenue 17,764 8,984 31,519 23,831
Equipment revenue        
Revenue, net:        
Franchise revenue 4,755 5,159 8,821 11,894
Merchandise revenue        
Revenue, net:        
Franchise revenue 4,509 3,552 8,741 8,616
Franchise marketing fund revenue        
Revenue, net:        
Franchise revenue 3,314 737 5,797 3,434
Other service revenue        
Revenue, net:        
Franchise revenue 5,433 3,030 9,962 5,474
Product revenue        
Operating costs and expenses:        
Costs of revenue 6,274 6,781 11,618 14,879
Franchise and service revenue        
Operating costs and expenses:        
Costs of revenue $ 3,127 $ 2,048 $ 5,446 $ 4,130