Supplemental Disclosure of Non-cash Activity
|3 Months Ended|
Mar. 31, 2019
|Notes to Financial Statements|
|Cash Flow, Supplemental Disclosures [Text Block]||
March 31, 2019and
2018,cash paid for income taxes was
$0,respectively. During the
March 31, 2019and
2018,cash paid for interest was
Supplemental disclosure of non-cash activity:
March 31, 2019,we had property and equipment purchases of
$3,600included in accounts payable and accrued expenses, respectively. As of
December 31, 2018,we had property and equipment purchases of
$1,595included in accounts payable and accrued expenses, respectively.
In connection with our acquisition during the
March 31, 2019,we acquired
$9,166of property and equipment and intangible assets of
$62,000,in exchange for
$30,000in cash to the seller. Additionally, at the time of these transactions, we carried deferred revenue of
$3,847,representing franchise fees collected upon the execution of the franchise agreement. We netted this amount against the purchase price of the acquisition (Note
In connection with our reacquisition and termination of regional developer rights during the
March 31, 2019,we had deferred revenue of
$44,334representing license fees collected upon the execution of the regional developer agreements. We netted these amounts against the aggregate purchase price of the acquisitions (Note
March 31, 2019,we had
$30,358of proceeds from the exercise of stock options included in accounts receivable.
Note: The Condensed Consolidated Statements of Cash Flows is unaudited and has been restated to reflect the consolidation of variable interest entities. See Note
1of “Notes to Condensed Consolidated Financial Statements” under the heading “
Prior Period Financial Statement Correction of Immaterial Error” for more details. The accompanying notes are an integral part of these condensed consolidated financial statements.
The entire disclosure for supplemental cash flow activities, including cash, noncash, and part noncash transactions, for the period. Noncash is defined as information about all investing and financing activities of an enterprise during a period that affect recognized assets or liabilities but that do not result in cash receipts or cash payments in the period. "Part noncash" refers to that portion of the transaction not resulting in cash receipts or cash payments in the period.
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef