The ONE Group Hospitality, Inc. (STKS) 10-Q 10 Aug 21 2021 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Jun. 30, 2021	Jul. 31, 2021
Document and Entity Information [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Transition Report	false
Document Period End Date	Jun. 30, 2021
Document Fiscal Year Focus	2021
Document Fiscal Period Focus	Q2
Current Fiscal Year End Date	--12-31
Entity File Number	001-37379
Entity Registrant Name	ONE GROUP HOSPITALITY, INC.
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	14-1961545
Entity Address, Address Line One	1624 Market Street
Entity Address, Address Line Two	Suite 311
Entity Address, City or Town	Denver
Entity Address, State or Province	CO
Entity Address, Postal Zip Code	80202
City Area Code	646
Local Phone Number	624-2400
Title of 12(b) Security	Common Stock
Trading Symbol	STKS
Security Exchange Name	NASDAQ
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		31,865,775
Entity Central Index Key	0001399520
Amendment Flag	false

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
Current assets:
Cash and cash equivalents	$ 41,407	$ 24,385
Accounts receivable	6,572	5,777
Inventory	2,671	2,490
Other current assets	1,558	1,348
Due from related parties	376	376
Total current assets	52,584	34,376
Property and equipment, net	68,659	67,344
Operating lease right-of-use assets	78,588	80,960
Deferred tax assets, net	13,106	13,226
Intangibles, net	15,893	16,313
Other assets	2,516	2,446
Security deposits	876	904
Total assets	232,222	215,569
Current liabilities:
Accounts payable	9,826	7,404
Accrued expenses	23,768	15,684
Deferred license revenue	109	207
Deferred gift card revenue and other	1,034	1,990
Current portion of operating lease liabilities	5,064	4,817
Current portion of CARES Act Loans	9,847	10,057
Current portion of long-term debt	507	588
Total current liabilities	50,155	40,747
Deferred license revenue, long-term	337	953
Operating lease liabilities, net of current portion	95,979	98,569
CARES Act Loans, net of current portion		8,257
Long-term debt, net of current portion	45,048	45,064
Total liabilities	191,519	193,590
Commitments and contingencies
Stockholders' equity:
Common stock, $0.0001 par value, 75,000,000 shares authorized; 31,865,775 and 29,083,183 shares issued and outstanding at June 30, 2021 and December 31, 2020, respectively	3	3
Preferred stock, $0.0001 par value, 10,000,000 shares authorized; no shares issued and outstanding at June 30, 2021 and December 31, 2020, respectively
Additional paid-in capital	51,414	46,538
Accumulated deficit	(6,810)	(20,716)
Accumulated other comprehensive loss	(2,656)	(2,646)
Total stockholders' equity	41,951	23,179
Noncontrolling interests	(1,248)	(1,200)
Total equity	40,703	21,979
Total liabilities and equity	$ 232,222	$ 215,569

CONDENSED CONSOLIDATED BALANC_2

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares	Jun. 30, 2021	Dec. 31, 2020
CONDENSED CONSOLIDATED BALANCE SHEETS
Common stock, par value per share (in dollars per share)	$ 0.0001	$ 0.0001
Common stock, shares authorized	75,000,000	75,000,000
Common stock, shares issued	31,865,775	29,083,183
Common stock, shares outstanding	31,865,775	29,083,183
Preferred stock, par value per share (in dollars per share)	$ 0.0001	$ 0.0001
Preferred stock, shares authorized	10,000,000	10,000,000
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Revenues:
Owned restaurant net revenue	$ 67,848	$ 16,529	$ 117,016	$ 55,086
Management, license and incentive fee revenue	2,912	135	4,226	2,297
Total revenues	70,760	16,664	121,242	57,383
Owned operating expenses:
Owned restaurant cost of sales	17,191	4,174	29,192	14,287
Owned restaurant operating expenses	35,336	12,038	63,242	38,537
Total owned operating expenses	52,527	16,212	92,434	52,824
General and administrative (including stock-based compensation of $1,137, $482, $2,159, and $820 for the three and six months ended June 30, 2021 and 2020, respectively)	6,139	2,438	11,313	5,835
Depreciation and amortization	2,495	2,510	5,194	4,950
COVID-19 related expenses	1,088	695	2,645	2,043
Agreement restructuring expenses	494		494
Pre-opening expenses	154		255
Lease termination expenses	107	89	294	268
Transaction costs		14		1,109
Other income, net		(11)		(12)
Total costs and expenses	63,004	21,947	112,629	67,017
Operating income (loss)	7,756	(5,283)	8,613	(9,634)
Other (income) expenses, net:
Interest expense, net of interest income	1,235	1,195	2,481	2,370
Gain on CARES Act Loan forgiveness	(8,561)		(8,561)
Total other (income) expenses, net	(7,326)	1,195	(6,080)	2,370
Income (loss) before benefit for income taxes	15,082	(6,478)	14,693	(12,004)
Provision (benefit) for income taxes	973	(3,228)	644	(3,881)
Net income (loss)	14,109	(3,250)	14,049	(8,123)
Less: net income (loss) attributable to noncontrolling interest	273	(378)	143	(652)
Net income (loss) attributable to The One Group Hospitality, Inc.	13,836	(2,872)	13,906	(7,471)
Currency translation gain (loss)	8	2	(10)	(42)
Comprehensive income (loss) attributable to The ONE Group Hospitality, Inc.	$ 13,844	$ (2,870)	$ 13,896	$ (7,513)
Net income (loss) attributable to The ONE Group Hospitality, Inc. per share:
Basic net income (loss) per share	$ 0.44	$ (0.10)	$ 0.46	$ (0.26)
Diluted net income (loss) per share	$ 0.41	$ (0.10)	$ 0.41	$ (0.26)
Shares used in computing basic income (loss) per share	31,248,677	28,907,568	30,239,364	28,778,544
Shares used in computing diluted income (loss) per share	34,028,735	28,907,568	33,683,652	28,778,544

CONDENSED CONSOLIDATED STATEM_2

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) (Parenthetical) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS)
Stock-based compensation	$ 1,137	$ 482	$ 2,159	$ 820

CONDENSED CONSOLIDATED STATEM_3

CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY - USD ($) $ in Thousands	Common stock	Additional paid-in capital	Accumulated deficit	Accumulated other comprehensive loss	Stockholders' equity	Noncontrolling interests	Total
Balance at Dec. 31, 2019	$ 3	$ 44,853	$ (7,891)	$ (2,651)	$ 33,912	$ (402)	$ 34,314
Balance (in shares) at Dec. 31, 2019	28,603,829
Stock-based compensation		338			338		338
Stock-based compensation, in shares	69,327
Exercise of stock options		38			38		38
Exercise of stock options (in shares)	18,000
Issuance of common shares, net of tax withholding (in shares)	116,644
Loss on foreign currency translation, net				(44)	(44)		(44)
Net income (loss)			(4,599)		(4,873)	(274)	(4,599)
Balance at Mar. 31, 2020	$ 3	45,229	(12,490)	(2,695)	29,371	(676)	30,047
Balance (in shares) at Mar. 31, 2020	28,807,800
Balance at Dec. 31, 2019	$ 3	44,853	(7,891)	(2,651)	33,912	(402)	34,314
Balance (in shares) at Dec. 31, 2019	28,603,829
Net income (loss)							(7,471)
Balance at Jun. 30, 2020	$ 3	45,621	(15,362)	(2,693)	26,515	(1,054)	27,569
Balance (in shares) at Jun. 30, 2020	28,960,147
Balance at Mar. 31, 2020	$ 3	45,229	(12,490)	(2,695)	29,371	(676)	30,047
Balance (in shares) at Mar. 31, 2020	28,807,800
Stock-based compensation		482			482		482
Stock-based compensation, in shares	58,929
Issuance of common shares, net of tax withholding		(90)			(90)		(90)
Issuance of common shares, net of tax withholding (in shares)	93,418
Loss on foreign currency translation, net				2	2		2
Net income (loss)			(2,872)		(3,250)	(378)	(2,872)
Balance at Jun. 30, 2020	$ 3	45,621	(15,362)	(2,693)	26,515	(1,054)	27,569
Balance (in shares) at Jun. 30, 2020	28,960,147
Balance at Dec. 31, 2020	$ 3	46,538	(20,716)	(2,646)	21,979	(1,200)	23,179
Balance (in shares) at Dec. 31, 2020	29,083,183
Stock-based compensation		1,022			1,022		1,022
Stock-based compensation, in shares	25,643
Exercise of warrants (in shares)	450,971
Issuance of common shares, net of tax withholding		(154)			(154)		(154)
Issuance of common shares, net of tax withholding (in shares)	67,685
Purchase of noncontrolling interest		116			(75)	(191)	116
Loss on foreign currency translation, net				(18)	(18)		(18)
Net income (loss)			70		(60)	(130)	70
Balance at Mar. 31, 2021	$ 3	47,522	(20,646)	(2,664)	22,694	(1,521)	24,215
Balance (in shares) at Mar. 31, 2021	29,627,482
Balance at Dec. 31, 2020	$ 3	46,538	(20,716)	(2,646)	21,979	(1,200)	$ 23,179
Balance (in shares) at Dec. 31, 2020	29,083,183
Exercise of stock options (in shares)							831,558
Net income (loss)							$ 13,906
Balance at Jun. 30, 2021	$ 3	51,414	(6,810)	(2,656)	40,703	(1,248)	41,951
Balance (in shares) at Jun. 30, 2021	31,865,775
Balance at Mar. 31, 2021	$ 3	47,522	(20,646)	(2,664)	22,694	(1,521)	24,215
Balance (in shares) at Mar. 31, 2021	29,627,482
Stock-based compensation		741			741		741
Stock-based compensation, in shares	9,210
Exercise of warrants		3,151			3,151		3,151
Exercise of warrants (in shares)	931,558
Issuance of common shares, net of tax withholding (in shares)	1,297,525
Loss on foreign currency translation, net				8	8		8
Net income (loss)			13,836		14,109	273	13,836
Balance at Jun. 30, 2021	$ 3	$ 51,414	$ (6,810)	$ (2,656)	$ 40,703	$ (1,248)	$ 41,951
Balance (in shares) at Jun. 30, 2021	31,865,775

CONDENSED CONSOLIDATED STATEM_4

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020
Operating activities:
Net income (loss)	$ 14,049	$ (8,123)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
Depreciation and amortization	5,194	4,950
Stock-based compensation	1,763	820
CARES Act loan forgiveness	(8,561)
Amortization of debt issuance costs	265	232
Deferred taxes	120	(3,899)
Changes in operating assets and liabilities:
Accounts receivable	(794)	5,886
Inventory	(181)	748
Other current assets	(210)	(423)
Due from related parties		(35)
Security deposits	(26)	315
Other assets	(85)	(863)
Accounts payable	2,356	(1,602)
Accrued expenses	7,596	(2,534)
Operating lease liabilities and right-of-use assets	29	538
Deferred gift card and license revenue	(1,671)	(937)
Net cash provided by (used in) operating activities	19,844	(4,927)
Investing activities:
Purchase of property and equipment	(5,373)	(1,681)
Net cash used in investing activities	(5,373)	(1,681)
Financing activities:
Proceeds from CARES Act Loans		18,314
Repayments of long-term debt	(321)	(433)
Debt issuance costs	(41)	(50)
Exercise of stock options and warrants	3,151	38
Tax-withholding obligation on stock based compensation	(154)	(90)
Purchase of non-controlling interests	(75)
Net cash provided by financing activities	2,560	17,779
Effect of exchange rate changes on cash	(9)	(55)
Net increase in cash and cash equivalents	17,022	11,116
Cash and cash equivalents, beginning of period	24,385	12,344
Cash and cash equivalents, end of period	41,407	23,460
Supplemental disclosure of cash flow data:
Interest paid	2,076	1,770
Income taxes paid	53	106
Non-cash CARES Act loan forgiveness	$ 8,561
Non-cash property and equipment additions		$ 303

Summary of Business and Signifi

Summary of Business and Significant Accounting Policies	6 Months Ended
	Jun. 30, 2021
Summary of Business and Significant Accounting Policies
Summary of Business and Significant Accounting Policies	Note 1 – Summary of Business and Significant Accounting Policies Summary of Business The ONE Group Hospitality, Inc. and its subsidiaries (collectively, the “Company”) is a global hospitality company that develops, owns and operates, manages and licenses upscale and polished casual, high-energy restaurants and lounges and provides turn-key food and beverage (“F&B”) services for hospitality venues including hotels, casinos and other high-end locations. Turn-key F&B services are food and beverage services that can be scaled, customized and implemented by the Company for the client at a particular hospitality venue. The Company’s primary restaurant brands are STK, a multi-unit steakhouse concept that combines a high-energy, social atmosphere with the quality and service of a traditional upscale steakhouse, and Kona Grill, a polished casual bar-centric grill concept featuring American favorites, award-winning sushi, and specialty cocktails in a polished casual atmosphere. As of June 30, 2021, the Company-owned, operated, managed, or licensed 58 venues, including 22 STKs and 24 Kona Grills in major metropolitan cities in North America, Europe and the Middle East and 12 F&B venues in six hotels and casinos in the United States and Europe. In January 2021, the Company opened a managed STK restaurant in Scottsdale, Arizona. In the second quarter of 2021, the Company opened a managed STK restaurant in the Westminster area of London, United Kingdom and a licensed STK restaurant within the Los Cabos International Airport in San Jose del Cabo, Mexico which represents the STK brand’s debut at an airport. In May 2021, the Company also opened Bao Yum, a new brand under ONE Hospitality, and commenced management of certain F&B hospitality management services at the Westminster Curio Hotel in London, United Kingdom. For those restaurants that are managed or licensed, the Company generates management fee revenue based on top-line revenues and incentive fee revenue based on a percentage of the location’s revenues and profits. COVID-19 The COVID-19 pandemic has significantly impacted the Company’s business due to state and local government mandates, including suspension of in-person dining, reduced seating capacity and social distancing. Beginning in mid-March 2020, the Company experienced a significant reduction in guest traffic due to government mandated restrictions resulting in the temporary closure of several restaurants and the shift in operations to provide only take-out and delivery service. Starting in May 2020, state and local governments began easing restrictions on stay-at-home orders; however, certain states reimposed restrictions as COVID-19 cases increased during the fall of 2020. In February 2021, many jurisdictions began easing restrictions once again and the Company has experienced strong sales momentum coming out of the pandemic. Currently, all domestic and international restaurants are open for in-person dining. The Company has taken significant steps to adapt its business to increase sales while providing a safe environment for guests and employees. Given the ongoing uncertainty surrounding the COVID-19 pandemic, the Company cannot reasonably predict if the sales and profitability levels coming out of the pandemic will continue for the remainder of 2021. It is possible that an increase in cases could require reduction in seating capacity or restrictions on in-restaurant dining operations and could materially and negatively affect the Company’s results of operations. The Company’s continuation of normal dining operations is subject to events beyond its control, including the effectiveness of governmental efforts to halt the spread of COVID-19. Basis of Presentation The accompanying condensed consolidated balance sheet as of December 31, 2020, which has been derived from audited financial statements, and the accompanying unaudited interim condensed consolidated financial statements of the Company have been prepared pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”) and in accordance with accounting principles generally accepted in the United States (“GAAP”). Certain information and footnote disclosures normally included in annual audited financial statements have been omitted pursuant to SEC rules and regulations. These unaudited interim condensed consolidated financial statements should be read in conjunction with the consolidated financial statements and notes thereto included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2020. ​ ​ In the Company’s opinion, the accompanying unaudited interim financial statements reflect all adjustments (consisting only of normal recurring accruals and adjustments) necessary for a fair presentation of the results for the interim periods presented. The results of operations for any interim period are not necessarily indicative of the results expected for the full year. Additionally, the Company believes that the disclosures are sufficient for interim financial reporting purposes. Prior Period Reclassifications Certain reclassifications of the 2020 amounts in the accrued expenses and segment reporting footnotes have been made to conform to the current year presentation. Recent Accounting Pronouncements In March 2020, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU’) 2020-04, “Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting.” ASU 2020-04 provides temporary optional expedients and exceptions to ease financial reporting burdens related to applying GAAP to modifications of contracts, hedging relationships and other transactions in connection with the transition from the London Interbank Offered Rate (“LIBOR”) and other interbank offered rates to alternative reference rates. In January 2021, the FASB issued ASU 2021-01 to clarify that certain optional expedients and exceptions apply to modifications of derivative contracts and certain hedging relationships affected by changes in the interest rates used for discounting cash flows, computing variation margin settlements, and for calculating price alignment interest. ASU 2020-04 is effective beginning on March 12, 2020 and may be applied prospectively to such transactions through December 31, 2022. ASU 2021-01 is effective beginning on January 7, 2021 and may be applied retrospectively or prospectively to such transactions through December 31, 2022. The Company is currently evaluating ASU 2020-04 and ASU 2021-01 and assessing the impact on its financial statements. ​ In December 2019, the FASB issued ASU No. 2019-12, “Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes,” (“ASU 2019-12”) which is intended to simplify various aspects related to accounting for income taxes. ASU 2019-12 removes certain exceptions to the general principles in Accounting Standard Codification Topic 740, Income Taxes, and it clarifies and amends existing guidance to improve consistent application. ASU 2019-12 is effective for annual and interim periods beginning after December 15, 2020. We adopted ASU No. 2019-12 on January 1, 2021 and it did not have a significant impact to the consolidated financial statements. In June 2016, the FASB issued ASU 2016-13, Financial Instruments – Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments. This update requires companies to measure credit losses utilizing a methodology that reflects expected credit losses and requires a consideration of a broader range of reasonable and supportable information to estimate credit losses. ASU 2016-13 is effective for smaller reporting companies for fiscal years beginning after December 15, 2022. The Company is currently evaluating ASU 2016-13 and assessing the impact on its financial statements.

Property and Equipment, net

Property and Equipment, net	6 Months Ended
	Jun. 30, 2021
Property and Equipment, net
Property and Equipment, net	Note 2 – Property and Equipment, net Property and equipment, net consist of the following (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, ​ December 31, ​ ​ 2021 ​ 2020 Furniture, fixtures and equipment ​ $ 23,143 ​ $ 22,328 Leasehold improvements ​ 71,953 ​ 71,654 Less: accumulated depreciation ​ (35,198) ​ (30,948) Subtotal ​ 59,898 ​ 63,034 Construction in progress ​ 6,681 ​ 2,294 Restaurant smallwares ​ 2,080 ​ 2,016 Total ​ $ 68,659 ​ $ 67,344 ​ Depreciation related to property and equipment was $2.3 million for each of the three months ended June 30, 2021 and 2020, and $4.8 million and $4.5 million for the six months ended June 30, 2021 and 2020, respectively. At June 30, 2021, Construction in progress included $3.6 million for STK Bellevue, which opened in July 2021, and other projects that will be completed in the near future. The Company does not depreciate construction in progress, assets not yet put into service or restaurant smallwares.

Intangibles, net

Intangibles, net	6 Months Ended
	Jun. 30, 2021
Intangibles, net
Intangibles, net	Note 3 – Intangibles, net Intangibles, net consists of the following (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, ​ December 31, ​ 2021 2020 Kona Grill trade name ​ $ 17,400 ​ $ 17,400 Other finite-lived intangible assets ​ ​ 15 ​ ​ — Less: accumulated amortization ​ (1,522) ​ (1,087) Total intangibles, net ​ $ 15,893 ​ $ 16,313 ​ The Kona Grill trade name is amortized using the straight-line method over its estimated useful life of 20 years. Amortization expense was $0.2 million and $0.4 million for each of the three and six months ended June 30, 2021 and 2020, respectively. The Company’s estimated aggregate amortization expense for each of the five fiscal years approximately

Accrued Expenses

Accrued Expenses	6 Months Ended
	Jun. 30, 2021
Accrued Expenses
Accrued Expenses	Note 4 – Accrued Expenses Accrued expenses consist of the following (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, ​ December 31, ​ ​ 2021 ​ 2020 Payroll and related (1)(2) ​ $ 9,373 $ 4,860 Accrued lease exit costs (3) ​ ​ 4,144 ​ ​ 4,144 VAT and sales taxes ​ ​ 2,063 ​ 1,119 Amounts due to landlords ​ ​ 1,601 ​ ​ 1,883 Insurance ​ 707 ​ 330 Interest ​ ​ 497 ​ ​ 474 Legal, professional and other services ​ 464 ​ ​ 301 Income taxes and related ​ ​ 463 ​ ​ — Construction on new restaurants ​ 417 ​ — Other ​ 4,039 ​ 2,573 Total ​ $ 23,768 ​ $ 15,684 ​ ​ (1) Payroll and related includes $2.6 million in employer payroll taxes at June 30, 2021 and December 31, 2020 for which payment has been deferred under the CARES Act. (2) Payroll and related includes $2.1 million in employee payroll taxes associated with stock option exercises at June 30, 2021 for which the Company expects to remit payment to the respective jurisdiction in the third quarter of 2021. (3) Amount relates to lease exit costs for restaurants never built and still under dispute with landlords.

Long-Term Debt and CARES Act Lo

Long-Term Debt and CARES Act Loans	6 Months Ended
	Jun. 30, 2021
Long-Term Debt and CARES Act Loans
Long-Term Debt and CARES Act Loans	​ Note 5 – Long-Term Debt and CARES Act Loans Long-term debt consists of the following (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, ​ December 31, ​ ​ 2021 ​ 2020 Term loan agreements ​ $ 47,160 ​ $ 47,400 Revolving credit facility ​ ​ — ​ ​ — Equipment financing agreements ​ 27 ​ 108 Total long-term debt ​ 47,187 ​ 47,508 Less: current portion of long-term debt ​ (507) ​ (588) Less: debt issuance costs ​ (1,632) ​ (1,856) Total long-term debt, net of current portion ​ $ 45,048 ​ $ 45,064 ​ Interest expense for all the Company’s debt arrangements, excluding the amortization of debt issuance costs and other discounts and fees, was $1.1 million and $1.0 million for the three months ended June 30, 2021 and 2020, respectively, and $2.2 million and $2.1 million for the six months ended June 30, 2021 and 2020, respectively. As of June 30, 2021, the Company had $1.3 million in standby letters of credit outstanding for certain restaurants and $10.7 million available in its revolving credit facility, subject to certain conditions. Credit and Guaranty Agreement ​ On October 4, 2019, in conjunction with the acquisition of Kona Grill, the Company entered into a credit and guaranty agreement with Goldman Sachs Bank USA (“Credit Agreement”). The Credit Agreement provides for a secured revolving credit facility of $12.0 million and a $48.0 million term loan. The term loan is payable in quarterly installments, with the final payment due in October 2024. The revolving credit facility also matures in October 2024. ​ On May 4, 2020, Goldman Sachs Bank USA (“GSB”), as administrative agent, collateral agent and lead arranger under the Credit Agreement, (1) consented to the CARES Act Loans described below and (2) agreed that the amount of the CARES Act Loans will not be counted toward the permitted amount of Consolidated Total Debt, as defined under the Credit Agreement, to the extent the amounts are retained as cash during the term of the CARES Act Loans in a segregated deposit account or used for purposes that are forgivable under the CARES Act, provided that the proceeds of the CARES Act Loans must be used only for “allowable uses” under the CARES Act (with at least 75% of the utilized proceeds to be used for purposes that result in the CARES Act Loans being eligible for forgiveness) or used for the repayment of the CARES Act Loans. ​ On May 8, 2020 and August 10, 2020, GSB and the Company and certain of its subsidiaries amended the Credit Agreement. A summary of the financial covenants under the Credit Agreement, as amended, is as follows: ​ ● The minimum consolidated fixed charge coverage ratio is (i) eliminated for the balance of 2020 and 2021; and (ii) 1.50 to 1.00 as of any fiscal quarter thereafter; ● A maximum consolidated Net Leverage Ratio of (i) 2.85 to 1.00 as of the fiscal quarter ending September 30, 2020, (ii) 3.60 to 1.00 as of the fiscal quarter ending December 31, 2020, (iii) 3.10 to 1.00 as of the fiscal quarter ending March 31, 2021, (iv) 2.10 to 1.00 as of the fiscal quarters ending June 30, 2021 and September 30, 2021, (v) 1.90 to 1.00 as of the fiscal quarter ending December 31, 2021, and (vi) maximum consolidated Leverage Ratio of 1.50 to 1.00 as of the end of any fiscal quarter thereafter. For purposes of calculating this ratio for the first four quarters, the agreement provides for a pro forma adjustment to reflect one full year of Kona Grill operations. In addition, the consolidated net leverage ratio reduces the Company’s debt by its cash and cash equivalents. The consolidated leverage ratio has no such reductions; ● Maximum consolidated capital expenditures not to exceed (i) $7,000,000 in each of 2020 and 2021 , and (ii) $8,000,000 in every fiscal year thereafter; and, ● Minimum consolidated liquidity of not less than (i) $4,000,000 for the remainder of 2020 and 2021, and (ii) $1,500,000 at any time thereafter. ​ The Credit Agreement has several borrowing and interest rate options, including the following: (a) a LIBOR rate (or a comparable successor rate) subject to a 1.75% floor; or (b) a base rate equal to the greatest of (i) the prime rate, (ii) the federal funds rate plus 0.50%, (iii) the LIBOR rate for a one-month period plus 1.00%, or (iv) 4.75%. Loans under the Credit Agreement bear interest at a rate per annum using the applicable indices plus a varying interest rate margin of between 5.75% and 6.75% (for LIBOR rate loans) and 4.75% and 5.75 % (for base rate loans). The Company’s weighted average interest rate on the borrowings under the Credit Agreement as of June 30, 2021 and December 31, 2020 was 8.50% and 8.50%, respectively. The Credit Agreement contains customary representations, warranties and conditions to borrowing including customary affirmative and negative covenants, which include covenants that limit or restrict the Company’s ability to incur indebtedness and other obligations, grant liens to secure obligations, make investments, merge or consolidate, alter the organizational structure of the Company and its subsidiaries, and dispose of assets outside the ordinary course of business, in each case subject to customary exceptions for credit facilities of this size and type. The Company and certain operating subsidiaries of the Company guarantee the obligations under the Credit Agreement, which also are secured by liens on substantially all of the assets of the Company and its subsidiaries. ​ The Company has incurred approximately $2.5 million of debt issuance costs related to the Credit Agreement, which were capitalized and are recorded as a direct deduction to the long-term debt, net of current portion, on the condensed consolidated balance sheets. As of June 30, 2021, the Company was in compliance with the covenants required by the Credit Agreement. ​ On August 6, 2021, the Company amended the Credit Agreement with GSB. Refer to Note 16 for further information. ​ Equipment Financing Agreements ​ On June 5, 2015 and August 16, 2016, the Company entered into financing agreements with Sterling National Bank for $1.0 million and $0.7 million, respectively, to purchase equipment for the STKs in Orlando, Chicago, San Diego, and Denver. Each of these financing agreements has five-year terms and bear interest at a rate of 5% per annum, payable in equal monthly installments. ​ CARES Act Loans ​ On May 4, 2020, two subsidiaries of the Company entered into promissory notes (“CARES Act Loans”) with BBVA USA under the Paycheck Protection Program (“PPP”) created by the Coronavirus Aid, Relief, and Economic Security Act (“CARES Act”). Repayment of the CARES Act Loans is guaranteed by the U.S. Small Business Administration (“SBA”). The ONE Group, LLC received a loan of $9.8 million related to the operations of STK restaurants, and Kona Grill Acquisition, LLC received a loan of $8.5 million related to the operation of Kona Grill restaurants. The CARES Act Loans are scheduled to mature on April 28, 2022 and have a 1.00% interest rate and are subject to the terms and conditions applicable to PPP loans. ​ The CARES Act Loans are eligible for forgiveness if the proceeds are used for qualified purposes within a specified period and if at least 60% is spent on payroll costs. The Company has used all of the proceeds from the CARES Act Loans for qualified purposes in accordance with the CARES Act and SBA regulations, and these funds have supported the re-opening of in person dining and the return of approximately 3,000 furloughed employees to work. The Company anticipates forgiveness of the entire amount of CARES Act Loans; however, no assurance can be provided that the Company will obtain forgiveness of the CARES Act Loans in whole or in part. Therefore, the Company has elected to classify the entire principal amount of the CARES Act Loans as debt. ​ The Company applied for forgiveness of the CARES Act Loans in February 2021. In June 2021, the Company was notified that the SBA had forgiven the CARES Act Loan for Kona Grill Acquisition, LLC in its entirety. As a result, the Company recognized an $8.6 million gain on CARES Act Loan forgiveness for the three months ended June 30, 2021. Subsequently, in July 2021, the Company was notified that the SBA had forgiven the CARES Act Loan for The ONE Group, LLC in its entirety. ​

Fair Value of Financial Instrum

Fair Value of Financial Instruments	6 Months Ended
	Jun. 30, 2021
Fair Value of Financial Instruments
Fair Value of Financial Instruments	Note 6 – Fair Value of Financial Instruments Cash and cash equivalents, accounts receivable, inventory, accounts payable and accrued expenses are carried at cost, which approximates fair value due to their short maturities. Long-lived assets are measured and disclosed at fair value on a nonrecurring basis if an impairment is identified. There were no long-lived assets measured at fair value as of June 30, 2021. The Company’s long-term debt, including the current portion, is carried at cost on the condensed consolidated balance sheets. Fair value of long-term debt, including the current portion, is estimated based on Level 2 inputs, except the amount outstanding on the revolving credit facility for which the carrying value approximates fair value. Fair value is determined by discounting future cash flows using interest rates available for issuers with similar terms and maturities.

Bagatelle

Bagatelle	6 Months Ended
	Jun. 30, 2021
Bagatelle
Bagatelle	Note 7 – Bagatelle As of June 30, 2021 and December 31, 2020, the Company-owned interests in the following companies, which directly or indirectly operate a restaurant: ● 31.24% interest in Bagatelle NY LA Investors, LLC (“Bagatelle Investors”) ● 51.13% aggregate interest, held directly and indirectly through other entities, in Bagatelle Little West 12th, LLC (“Bagatelle NY”) Bagatelle Investors is a holding company that has an interest in Bagatelle NY. The Company records its retained interests in Bagatelle Investors and Bagatelle NY as investments as the Company has determined that it does not have the ability to exercise significant influence over its investees, Bagatelle Investors and Bagatelle NY. As of June 30, 2021 and December 31, 2020, the Company has zero carrying value in these investments. Net receivables from the Bagatelle entities included in due from related parties, net were $0.4 million as of June 30, 2021 and December 31, 2020. These receivables represent the Company’s maximum exposure to loss. Upon expiration of the lease in November 2020, the Company exited its contract with Bagatelle.

Income taxes

Income taxes	6 Months Ended
	Jun. 30, 2021
Income taxes
Income taxes	Note 8 – Income taxes Income taxes for the three and six months ended June 30, 2021 are recorded at the Company’s estimated annual effective income tax rate, subject to adjustments for discrete events, should they occur. The Company’s effective income tax rate including discrete events was 6.5% and 4.4% for the three and six months ended June 30, 2021 compared to 49.8% and 32.4% for the three and six months ended June 30, 2020, respectively. The Company’s annualized effective tax rate is estimated at approximately 11.7% for 2021. The Company’s projected annual effective tax rate differs from the statutory U.S. tax rate of 21% primarily due to the following: (i) tax credits for FICA taxes on certain employees’ tips (ii) taxes owed in foreign jurisdictions such as the United Kingdom, Canada and Italy; (iii) taxes owed in state and local jurisdictions; (iv) the tax effect of non-deductible compensation and (v) forgiveness of the CARES Act Loan is non-taxable. Income tax provision recorded for the three and six months ended June 30, 2021 also included the discrete period tax benefits resulting from the vesting of restricted stock units and exercise of stock options. The CARES Act includes provisions allowing for the carryback of net operating losses generated for specific periods and technical amendments regarding the expensing of qualified improvement property. The CARES Act also allows for the deferral of the employer-paid portion of social security taxes, which the Company has elected to defer. The Company is subject to income taxes in the U.S. federal jurisdiction, and the various states and local jurisdictions in which it operates. Tax regulations within each jurisdiction are subject to the interpretation of the related tax laws and regulations and require significant judgment to apply. In the normal course of business, the Company is subject to examination by the federal, state, local and foreign taxing authorities.

Revenue from contracts with cus

Revenue from contracts with customers	6 Months Ended
	Jun. 30, 2021
Revenue from contracts with customers
Revenue from contracts with customers	Note 9 – Revenue from contracts with customers The following table provides information about contract receivables and liabilities from contracts with customers, which include deferred license revenue, deferred gift card revenue and the Konavore rewards program (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, December 31, ​ ​ 2021 ​ 2020 Receivables (1) ​ $ — ​ $ 125 Deferred license revenue (2) ​ $ 446 ​ $ 1,160 Deferred gift card and gift certificate revenue (3) ​ $ 967 ​ $ 1,945 Konavore rewards program (4) ​ $ 122 ​ $ 102 (1) Receivables are included in accounts receivable on the condensed consolidated balance sheets. (2) Includes the current and long-term portion of deferred license revenue. (3) Deferred gift card revenue and advance party deposits on goods and services yet to be provided are included in deferred gift card revenue and other on the condensed consolidated balance sheets. (4) Konavore rewards program is included in accrued expenses on the condensed consolidated balance sheets. ​ Significant changes in deferred license revenue and deferred gift card revenue for the six months ended June 30, 2021 and 2020 are as follows (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ June 30, June 30, ​ ​ 2021 ​ 2020 Revenue recognized from deferred license revenue ​ $ 105 ​ $ 103 Revenue recognized from deferred gift card revenue ​ $ 958 ​ $ 866 ​ The estimated deferred license revenue to be recognized in the future related to performance obligations that are unsatisfied as of June 30, 2021 were as follows for each year ending (in thousands): ​ ​ ​ ​ ​ 2021, six months remaining $ 59 2022 ​ 90 2023 ​ 79 2024 ​ 45 2025 ​ 44 Thereafter ​ 129 Total future estimated deferred license revenue ​ $ 446 ​

Leases

Leases	6 Months Ended
	Jun. 30, 2021
Leases
Leases	Note 10 – Leases The components of lease expense for the period were as follows (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, ​ June 30, ​ ​ 2021 ​ 2020 Lease cost ​ ​ ​ ​ ​ ​ ​ ​ Operating lease cost $ 6,621 ​ $ 6,605 ​ Variable lease cost ​ ​ 2,622 ​ ​ ​ (536) ​ Short-term lease cost ​ ​ 322 ​ ​ ​ 173 ​ Sublease income ​ ​ — ​ ​ ​ (269) ​ Total lease cost $ 9,565 ​ $ 5,973 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Weighted average remaining lease term – operating leases ​ ​ 13 years ​ ​ ​ 13 years ​ Weighted average discount rate – operating leases ​ ​ 8.49 % ​ ​ 8.49 % ​ Due to the negative effects of COVID-19, the Company implemented measures to reduce its costs, including negotiations with landlords regarding rent concessions. The Company is in ongoing discussions with landlords regarding rent obligations, including deferrals, abatements, and/or restructuring of rent. As the rent concessions received and currently being contemplated do not result in a significant increase in cash payments, the Company has elected to account for these concessions as a variable lease payment in accordance with ASC Topic 842. The Company’s right-of-use assets and operating lease liabilities have not been remeasured for lease concessions received. Variable lease cost is comprised of percentage rent and common area maintenance, offset by rent concessions received as a result of COVID-19. The Company has entered into an operating lease for a future STK restaurant in Dallas, Texas that had not commenced as of June 30, 2021. The present value of the aggregate future commitment related to this lease totals $5.2 million. The Company expects this lease, which has an initial lease term of 15 years and two five -year options, to commence within the next twelve months. Supplemental cash flow information related to leases for the period was as follows (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, ​ June 30, ​ ​ 2021 ​ 2020 Cash paid for amounts included in the measurement of operating lease liabilities $ 5,682 $ 4,081 Right-of-use assets obtained in exchange for operating lease obligations $ 34 $ 288 ​ As of June 30, 2021, maturities of the Company’s operating lease liabilities are as follows (in thousands): ​ ​ ​ ​ ​ 2021, six months remaining ​ $ 6,683 2022 ​ ​ 13,241 2023 ​ ​ 13,540 2024 ​ ​ 12,936 2025 ​ ​ 11,901 Thereafter ​ ​ 112,865 Total lease payments ​ ​ 171,166 Less: imputed interest ​ ​ (70,123) Present value of operating lease liabilities $ 101,043 ​ For the six months remaining in 2021, the Company’s operating lease liabilities does not include future rent abatements that have been or will be negotiated with landlords.

Earnings per share

Earnings per share	6 Months Ended
	Jun. 30, 2021
Earnings per share
Earnings per share	Note 11 – Earnings per share Basic earnings per share is computed using the weighted average number of common shares outstanding during the period and income available to common stockholders. Diluted earnings per share is computed using the weighted average number of common shares outstanding during the period plus the dilutive effect of all potential shares of common stock including common stock issuable pursuant to stock options, warrants, and restricted stock units. For the three and six months ended June 30, 2021 and 2020, the income (loss) per share was calculated as follows (in thousands, except loss per share and related share data): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three months ended June 30, ​ Six months ended June 30, ​ 2021 2020 2021 2020 Net income (loss) attributable to The One Group Hospitality, Inc. ​ $ 13,836 ​ $ (2,872) ​ $ 13,906 ​ $ (7,471) ​ ​ ​ ​ ​ ​ Basic weighted average shares outstanding ​ 31,248,677 ​ 28,907,568 ​ 30,239,364 ​ 28,778,544 Dilutive effect of stock options, warrants and restricted share units ​ 2,780,058 ​ — ​ 3,444,289 ​ — Diluted weighted average shares outstanding ​ 34,028,735 ​ 28,907,568 ​ 33,683,652 ​ 28,778,544 ​ ​ ​ ​ ​ Net income (loss) available to common stockholders per share - Basic ​ $ 0.44 ​ $ (0.10) ​ $ 0.46 ​ $ (0.26) Net income (loss) available to common stockholders per share - Diluted ​ $ 0.41 ​ $ (0.10) ​ $ 0.41 ​ $ (0.26) ​ For the six months ended June 30, 2021 and 2020, 0.1 million and 1.4 million stock options, warrants and restricted share units were determined to be anti-dilutive and were therefore excluded from the calculation of diluted earnings per share, respectively.

Stock-Based Compensation and Wa

Stock-Based Compensation and Warrants	6 Months Ended
	Jun. 30, 2021
Stock-Based Compensation and Warrants
Stock-Based Compensation and Warrants	Note 12 – Stock-Based Compensation and Warrants As of June 30, 2021, the Company had 601,573 remaining shares available for issuance under the 2019 Equity Incentive Plan (“2019 Equity Plan”). Stock-based compensation cost for the three months ended June 30, 2021 and 2020 was $1.1 million and $0.5 million, respectively, and $2.1 million and $0.8 million for the six months ended June 30, 2021 and 2020, respectively. Stock-based compensation is included in general and administrative expenses in the condensed consolidated statements of operations and comprehensive income (loss). Included in stock-based compensation cost was $0.1 million and $0.2 million of stock granted to directors for both the three and six months ended June 30, 2021 and 2020, respectively. Such grants were awarded consistent with the Board of Director’s compensation practices. In addition, stock-based compensation expense for the three months ended June 30, 2021 included $0.4 million of employer payroll taxes associated with stock option and RSU activity during the quarter. Stock-based compensation for the three months ended March 31, 2021 included $0.3 million of compensation costs for the vesting of market condition based options and RSUs. Stock Option Activity Stock options in the table below include both time based and market condition based awards. Changes in stock options during the six months ended June 30, 2021 were as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Weighted ​ ​ ​ ​ ​ ​ ​ Weighted ​ average ​ Intrinsic ​ ​ ​ ​ average exercise ​ remaining ​ value ​ Shares price contractual life (thousands) Outstanding at December 31, 2020 1,707,008 ​ $ 3.37 4.98 years ​ $ 1,454 Exercisable at December 31, 2020 1,443,675 ​ $ 3.57 4.68 years ​ $ 1,112 Vested 594,402 ​ $ 3.09 ​ Exercised (831,558) ​ $ 3.48 ​ Cancelled, expired or forfeited (10,000) ​ $ 2.13 ​ Outstanding at June 30, 2021 1,459,852 ​ $ 3.20 4.61 years ​ $ 11,413 Exercisable at June 30, 2021 1,330,585 ​ $ 3.29 4.46 years ​ $ 10,283 ​ A summary of the status of the Company’s non-vested stock options as of December 31, 2020 and June 30, 2021 and changes during the six months then ended, is presented below: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Weighted average ​ Shares grant date fair value Non-vested stock options at December 31, 2020 263,333 ​ $ 0.99 Vested (124,067) ​ 1.00 Cancelled, expired or forfeited (10,000) ​ 0.87 Non-vested stock options at June 30, 2021 129,267 ​ $ 0.99 ​ The fair value of options that vested in the six months ended June 30, 2021 was $0.1 million. As of June 30, 2021, there is $0.1 million of total unrecognized compensation cost related to non-vested awards, which will be recognized over a weighted-average period of 1.0 years. Restricted Stock Unit Activity The Company issues restricted stock units (“RSUs”) under the 2019 Equity Plan. The fair value of these RSUs is determined based upon the closing fair market value of the Company’s common stock on the grant date. A summary of the status of RSUs and changes during the six months ended June 30, 2021 is presented below: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Weighted average ​ Shares grant date fair value Non-vested RSUs at December 31, 2020 1,871,592 ​ $ 1.68 Granted 532,599 ​ 4.95 Vested (1,070,675) ​ 1.88 Cancelled, expired or forfeited (19,333) ​ 4.34 Non-vested RSUs at June 30, 2021 1,314,183 ​ $ 2.85 ​ As of June 30, 2021, the Company had approximately $3.2 million of total unrecognized compensation costs related to RSUs, which will be recognized over a weighted average period of 2.2 years. Warrants As of December 31, 2020, there were outstanding warrants to purchase 865,000 shares of common stock at exercise prices ranging from $1.63 to $2.61. During the first quarter of 2021, the Company issued 450,971 shares in connection with the net exercise by Anson Investments Master Fund LP of warrants to purchase 640,000 shares. In April 2021, the Company issued 100,000 shares to 22235570 Ontario Limited in connection with its exercise of a warrant for aggregate consideration of $261,000. As of June 30, 2021, warrants to purchase 125,000 shares at a strike price of $1.63 per share were outstanding to a single party.

Segment Reporting

Segment Reporting	6 Months Ended
	Jun. 30, 2021
Segment Reporting
Segment Reporting	Note 13 – Segment Reporting The Company has identified its reportable operating segments as follows: ● STK . The STK segment consists of the results of operations from STK restaurant locations, competing in the full-service dining industry, as well as management, license and incentive fee revenue generated from the STK brand and operations of STK restaurant locations. ● Kona Grill . The Kona Grill segment includes the results of operations of Kona Grill restaurant locations. ● ONE Hospitality . The ONE Hospitality segment is composed of the management, license and incentive fee revenue and results of operations generated from the Company’s other brands and venue concepts, which include ANGEL, Heliot, Hideout, Marconi, Radio, and Bao Yum. Additionally, this segment includes the results of operations generated from F&B hospitality management agreements with hotels, casinos and other high-end locations. ● Corporate . The Corporate segment consists of the following: general and administrative costs, stock-based compensation, depreciation and amortization, acquisition related gains and losses, lease termination expenses, transaction costs, COVID-19 related expenses and other income and expenses. This segment also includes STK Meat Market, an e-commerce platform that offers signature steak cuts nationwide, the Company’s major off-site events group, which supports all brands and venue concepts, and revenue generated from gift card programs. ​ The Company’s Chief Executive Officer, who is the Company’s Chief Operating Decision Maker, manages the business and allocates resources via a combination of restaurant sales reports and operating segment profit information, defined as revenues less operating expenses, related to the Company’s four operating segments. Certain financial information relating to the three and six months ended June 30, 2021 and 2020 for each segment is provided below (in thousands). Prior year amounts have been revised to conform to the current year segment presentation. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ STK Kona Grill ONE Hospitality Corporate Total For the three months ended June 30, 2021 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total revenues $ 37,786 $ 32,247 $ 380 $ 347 ​ $ 70,760 Operating income (loss) ​ $ 10,809 ​ $ 4,416 ​ $ (66) ​ $ (7,403) ​ $ 7,756 Capital asset additions ​ $ 1,749 ​ $ 375 ​ $ 58 ​ $ 576 ​ $ 2,758 For the six months ended June 30, 2021 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total revenues $ 62,477 $ 57,824 $ 413 $ 528 ​ $ 121,242 Operating income (loss) ​ $ 16,406 ​ $ 6,866 ​ $ (184) ​ $ (14,475) ​ $ 8,613 Capital asset additions ​ $ 3,225 ​ $ 904 ​ $ 73 ​ $ 1,171 ​ $ 5,373 As of June 30, 2021 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total assets ​ $ 83,397 ​ $ 99,812 ​ $ 6,099 ​ $ 42,914 ​ $ 232,222 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ STK Kona Grill ONE Hospitality Corporate Total For the three months ended June 30, 2020 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total revenues ​ $ 4,215 ​ $ 12,380 ​ $ 12 ​ $ 57 ​ $ 16,664 Operating income (loss) ​ $ (1,399) ​ $ (60) ​ $ (129) ​ $ (3,695) ​ $ (5,283) Capital asset additions ​ $ 193 ​ $ 333 ​ $ 169 ​ $ 195 ​ $ 890 For the six months ended June 30, 2020 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total revenues ​ $ 23,266 ​ $ 33,037 ​ $ 936 ​ $ 144 ​ $ 57,383 Operating income (loss) ​ $ 765 ​ $ (399) ​ $ 71 ​ $ (10,071) ​ $ (9,634) Capital asset additions ​ $ 528 ​ $ 743 ​ $ 177 ​ $ 233 ​ $ 1,681 As of December 31, 2020 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total assets ​ $ 81,431 ​ $ 96,262 ​ $ 5,484 ​ $ 32,392 ​ $ 215,569 ​

Geographic Information

Geographic Information	6 Months Ended
	Jun. 30, 2021
Geographic Information
Geographic Information	Note 14 – Geographic Information Certain financial information by geographic location is provided below (in thousands). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the three months ended June 30, ​ For the six months ended June 30, ​ 2021 2020 2021 2020 Domestic revenues $ 69,910 $ 16,582 $ 120,198 $ 56,559 International revenues ​ 850 ​ 82 ​ 1,044 ​ 824 Total revenues ​ $ 70,760 ​ $ 16,664 ​ $ 121,242 ​ $ 57,383 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, ​ December 31, ​ ​ 2021 ​ 2020 Domestic long-lived assets $ 178,656 $ 180,935 International long-lived assets ​ 982 ​ 258 Total long-lived assets ​ $ 179,638 ​ $ 181,193 ​

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended
	Jun. 30, 2021
Commitments and Contingencies.
Commitments and Contingencies	Note 15 – Commitments and Contingencies The Company is party to claims in lawsuits incidental to its business, including lease disputes and employee-related matters. While the resolution of a lawsuit, proceeding or claim may have an impact on the Company’s financial results for the period in which it is resolved, in the opinion of management, the ultimate outcome of such matters and judgements in which the Company is currently involved, either individually or in the aggregate, will not have a material adverse effect on the Company’s consolidated financial position or results of operations. ​

Subsequent Events

Subsequent Events	6 Months Ended
	Jun. 30, 2021
Subsequent Events
Subsequent Events	Note 16 – Subsequent Events In July 2021, the Company was notified that the SBA had forgiven the CARES Act Loan for The ONE Group, LLC in its entirety. ​ On August 6, 2021, the Company amended the Credit Agreement with Goldman Sachs Bank USA. ​ The amended agreement provides for additional flexibility and extends the maturity date for both the term loan and revolving credit facility by five years to August 2026. The amendment provides for a secured revolving credit facility of $12.0 million and a $25.0 million term loan which was reduced from $48.0 million. The term loan is payable in quarterly installments, with the final payment due in August 2026. A summary of other changes to the amended Credit Agreement include: ​ ● Removes all financial covenants except a maximum net leverage ratio of 2.00 to 1.00 ; ● Removes restrictions on the maximum amount of capital expenditures; ● Removes restrictions on the maximum number of Company-owned new locations; and ● Removes restrictions on credit extensions with regards to the revolving credit facility ​ The amended Credit Agreement has several borrowing and interest rate options, including the following: (a) a LIBOR rate (or a comparable successor rate) subject to a 1.00% floor from a 1.75% floor or (b) a base rate equal to the greatest of (i) the prime rate, (ii) the federal funds rate plus 0.50%, (iii) the LIBOR rate for a one-month period plus 1.00% or (iv) 4.00%. Loans under the amended Credit Agreement bear interest at a rate per annum using the applicable indices plus an interest rate margin of 5.00% from a variable interest rate margin of 5.75 to 6.75% (for LIBOR rate loans) and 4.00% from 4.75% to 5.75% (for base rate loans). ​ ​

Summary of Business and Signi_2

Summary of Business and Significant Accounting Policies (Policies)	6 Months Ended
	Jun. 30, 2021
Summary of Business and Significant Accounting Policies
COVID-19	COVID-19 The COVID-19 pandemic has significantly impacted the Company’s business due to state and local government mandates, including suspension of in-person dining, reduced seating capacity and social distancing. Beginning in mid-March 2020, the Company experienced a significant reduction in guest traffic due to government mandated restrictions resulting in the temporary closure of several restaurants and the shift in operations to provide only take-out and delivery service. Starting in May 2020, state and local governments began easing restrictions on stay-at-home orders; however, certain states reimposed restrictions as COVID-19 cases increased during the fall of 2020. In February 2021, many jurisdictions began easing restrictions once again and the Company has experienced strong sales momentum coming out of the pandemic. Currently, all domestic and international restaurants are open for in-person dining. The Company has taken significant steps to adapt its business to increase sales while providing a safe environment for guests and employees. Given the ongoing uncertainty surrounding the COVID-19 pandemic, the Company cannot reasonably predict if the sales and profitability levels coming out of the pandemic will continue for the remainder of 2021. It is possible that an increase in cases could require reduction in seating capacity or restrictions on in-restaurant dining operations and could materially and negatively affect the Company’s results of operations. The Company’s continuation of normal dining operations is subject to events beyond its control, including the effectiveness of governmental efforts to halt the spread of COVID-19.
Basis of Presentation	Basis of Presentation The accompanying condensed consolidated balance sheet as of December 31, 2020, which has been derived from audited financial statements, and the accompanying unaudited interim condensed consolidated financial statements of the Company have been prepared pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”) and in accordance with accounting principles generally accepted in the United States (“GAAP”). Certain information and footnote disclosures normally included in annual audited financial statements have been omitted pursuant to SEC rules and regulations. These unaudited interim condensed consolidated financial statements should be read in conjunction with the consolidated financial statements and notes thereto included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2020. ​ ​ In the Company’s opinion, the accompanying unaudited interim financial statements reflect all adjustments (consisting only of normal recurring accruals and adjustments) necessary for a fair presentation of the results for the interim periods presented. The results of operations for any interim period are not necessarily indicative of the results expected for the full year. Additionally, the Company believes that the disclosures are sufficient for interim financial reporting purposes.
Prior Period Reclassifications	Prior Period Reclassifications Certain reclassifications of the 2020 amounts in the accrued expenses and segment reporting footnotes have been made to conform to the current year presentation.
Recent Accounting Pronouncements	Recent Accounting Pronouncements In March 2020, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU’) 2020-04, “Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting.” ASU 2020-04 provides temporary optional expedients and exceptions to ease financial reporting burdens related to applying GAAP to modifications of contracts, hedging relationships and other transactions in connection with the transition from the London Interbank Offered Rate (“LIBOR”) and other interbank offered rates to alternative reference rates. In January 2021, the FASB issued ASU 2021-01 to clarify that certain optional expedients and exceptions apply to modifications of derivative contracts and certain hedging relationships affected by changes in the interest rates used for discounting cash flows, computing variation margin settlements, and for calculating price alignment interest. ASU 2020-04 is effective beginning on March 12, 2020 and may be applied prospectively to such transactions through December 31, 2022. ASU 2021-01 is effective beginning on January 7, 2021 and may be applied retrospectively or prospectively to such transactions through December 31, 2022. The Company is currently evaluating ASU 2020-04 and ASU 2021-01 and assessing the impact on its financial statements. ​ In December 2019, the FASB issued ASU No. 2019-12, “Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes,” (“ASU 2019-12”) which is intended to simplify various aspects related to accounting for income taxes. ASU 2019-12 removes certain exceptions to the general principles in Accounting Standard Codification Topic 740, Income Taxes, and it clarifies and amends existing guidance to improve consistent application. ASU 2019-12 is effective for annual and interim periods beginning after December 15, 2020. We adopted ASU No. 2019-12 on January 1, 2021 and it did not have a significant impact to the consolidated financial statements. In June 2016, the FASB issued ASU 2016-13, Financial Instruments – Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments. This update requires companies to measure credit losses utilizing a methodology that reflects expected credit losses and requires a consideration of a broader range of reasonable and supportable information to estimate credit losses. ASU 2016-13 is effective for smaller reporting companies for fiscal years beginning after December 15, 2022. The Company is currently evaluating ASU 2016-13 and assessing the impact on its financial statements.

Property and Equipment, net (Ta

Property and Equipment, net (Tables)	6 Months Ended
	Jun. 30, 2021
Property and Equipment, net
Schedule of property and equipment, net	Property and equipment, net consist of the following (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, ​ December 31, ​ ​ 2021 ​ 2020 Furniture, fixtures and equipment ​ $ 23,143 ​ $ 22,328 Leasehold improvements ​ 71,953 ​ 71,654 Less: accumulated depreciation ​ (35,198) ​ (30,948) Subtotal ​ 59,898 ​ 63,034 Construction in progress ​ 6,681 ​ 2,294 Restaurant smallwares ​ 2,080 ​ 2,016 Total ​ $ 68,659 ​ $ 67,344

Intangibles, net (Tables)

Intangibles, net (Tables)	6 Months Ended
	Jun. 30, 2021
Intangibles, net
Schedule of intangibles, net	Intangibles, net consists of the following (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, ​ December 31, ​ 2021 2020 Kona Grill trade name ​ $ 17,400 ​ $ 17,400 Other finite-lived intangible assets ​ ​ 15 ​ ​ — Less: accumulated amortization ​ (1,522) ​ (1,087) Total intangibles, net ​ $ 15,893 ​ $ 16,313

Accrued Expenses (Tables)

Accrued Expenses (Tables)	6 Months Ended
	Jun. 30, 2021
Accrued Expenses
Schedule of accrued expenses	Accrued expenses consist of the following (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, ​ December 31, ​ ​ 2021 ​ 2020 Payroll and related (1)(2) ​ $ 9,373 $ 4,860 Accrued lease exit costs (3) ​ ​ 4,144 ​ ​ 4,144 VAT and sales taxes ​ ​ 2,063 ​ 1,119 Amounts due to landlords ​ ​ 1,601 ​ ​ 1,883 Insurance ​ 707 ​ 330 Interest ​ ​ 497 ​ ​ 474 Legal, professional and other services ​ 464 ​ ​ 301 Income taxes and related ​ ​ 463 ​ ​ — Construction on new restaurants ​ 417 ​ — Other ​ 4,039 ​ 2,573 Total ​ $ 23,768 ​ $ 15,684 ​ ​ (1) Payroll and related includes $2.6 million in employer payroll taxes at June 30, 2021 and December 31, 2020 for which payment has been deferred under the CARES Act. (2) Payroll and related includes $2.1 million in employee payroll taxes associated with stock option exercises at June 30, 2021 for which the Company expects to remit payment to the respective jurisdiction in the third quarter of 2021. (3) Amount relates to lease exit costs for restaurants never built and still under dispute with landlords.

Long-Term Debt and CARES Act _2

Long-Term Debt and CARES Act Loans (Tables)	6 Months Ended
	Jun. 30, 2021
Long-Term Debt and CARES Act Loans
Schedule of long-term debt	Long-term debt consists of the following (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, ​ December 31, ​ ​ 2021 ​ 2020 Term loan agreements ​ $ 47,160 ​ $ 47,400 Revolving credit facility ​ ​ — ​ ​ — Equipment financing agreements ​ 27 ​ 108 Total long-term debt ​ 47,187 ​ 47,508 Less: current portion of long-term debt ​ (507) ​ (588) Less: debt issuance costs ​ (1,632) ​ (1,856) Total long-term debt, net of current portion ​ $ 45,048 ​ $ 45,064

Revenue from contracts with c_2

Revenue from contracts with customers (Tables)	6 Months Ended
	Jun. 30, 2021
Revenue from contracts with customers
Schedule of contract receivables and liabilities	The following table provides information about contract receivables and liabilities from contracts with customers, which include deferred license revenue, deferred gift card revenue and the Konavore rewards program (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, December 31, ​ ​ 2021 ​ 2020 Receivables (1) ​ $ — ​ $ 125 Deferred license revenue (2) ​ $ 446 ​ $ 1,160 Deferred gift card and gift certificate revenue (3) ​ $ 967 ​ $ 1,945 Konavore rewards program (4) ​ $ 122 ​ $ 102 (1) Receivables are included in accounts receivable on the condensed consolidated balance sheets. (2) Includes the current and long-term portion of deferred license revenue. (3) Deferred gift card revenue and advance party deposits on goods and services yet to be provided are included in deferred gift card revenue and other on the condensed consolidated balance sheets. (4) Konavore rewards program is included in accrued expenses on the condensed consolidated balance sheets. ​
Schedule of changes in deferred license revenue and deferred gift card revenue	Significant changes in deferred license revenue and deferred gift card revenue for the six months ended June 30, 2021 and 2020 are as follows (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ June 30, June 30, ​ ​ 2021 ​ 2020 Revenue recognized from deferred license revenue ​ $ 105 ​ $ 103 Revenue recognized from deferred gift card revenue ​ $ 958 ​ $ 866
Schedule of estimated deferred license revenue to be recognized in the future related to performance obligations	The estimated deferred license revenue to be recognized in the future related to performance obligations that are unsatisfied as of June 30, 2021 were as follows for each year ending (in thousands): ​ ​ ​ ​ ​ 2021, six months remaining $ 59 2022 ​ 90 2023 ​ 79 2024 ​ 45 2025 ​ 44 Thereafter ​ 129 Total future estimated deferred license revenue ​ $ 446

Leases (Tables)

Leases (Tables)	6 Months Ended
	Jun. 30, 2021
Leases
Schedule of components of lease expense	The components of lease expense for the period were as follows (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, ​ June 30, ​ ​ 2021 ​ 2020 Lease cost ​ ​ ​ ​ ​ ​ ​ ​ Operating lease cost $ 6,621 ​ $ 6,605 ​ Variable lease cost ​ ​ 2,622 ​ ​ ​ (536) ​ Short-term lease cost ​ ​ 322 ​ ​ ​ 173 ​ Sublease income ​ ​ — ​ ​ ​ (269) ​ Total lease cost $ 9,565 ​ $ 5,973 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Weighted average remaining lease term – operating leases ​ ​ 13 years ​ ​ ​ 13 years ​ Weighted average discount rate – operating leases ​ ​ 8.49 % ​ ​ 8.49 %
Schedule of supplemental cash flow information related to leases	Supplemental cash flow information related to leases for the period was as follows (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, ​ June 30, ​ ​ 2021 ​ 2020 Cash paid for amounts included in the measurement of operating lease liabilities $ 5,682 $ 4,081 Right-of-use assets obtained in exchange for operating lease obligations $ 34 $ 288
Schedule of maturities of operating lease liabilities	As of June 30, 2021, maturities of the Company’s operating lease liabilities are as follows (in thousands): ​ ​ ​ ​ ​ 2021, six months remaining ​ $ 6,683 2022 ​ ​ 13,241 2023 ​ ​ 13,540 2024 ​ ​ 12,936 2025 ​ ​ 11,901 Thereafter ​ ​ 112,865 Total lease payments ​ ​ 171,166 Less: imputed interest ​ ​ (70,123) Present value of operating lease liabilities $ 101,043

Earnings per share (Tables)

Earnings per share (Tables)	6 Months Ended
	Jun. 30, 2021
Earnings per share
Schedule of earnings per share, basic and diluted	For the three and six months ended June 30, 2021 and 2020, the income (loss) per share was calculated as follows (in thousands, except loss per share and related share data): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three months ended June 30, ​ Six months ended June 30, ​ 2021 2020 2021 2020 Net income (loss) attributable to The One Group Hospitality, Inc. ​ $ 13,836 ​ $ (2,872) ​ $ 13,906 ​ $ (7,471) ​ ​ ​ ​ ​ ​ Basic weighted average shares outstanding ​ 31,248,677 ​ 28,907,568 ​ 30,239,364 ​ 28,778,544 Dilutive effect of stock options, warrants and restricted share units ​ 2,780,058 ​ — ​ 3,444,289 ​ — Diluted weighted average shares outstanding ​ 34,028,735 ​ 28,907,568 ​ 33,683,652 ​ 28,778,544 ​ ​ ​ ​ ​ Net income (loss) available to common stockholders per share - Basic ​ $ 0.44 ​ $ (0.10) ​ $ 0.46 ​ $ (0.26) Net income (loss) available to common stockholders per share - Diluted ​ $ 0.41 ​ $ (0.10) ​ $ 0.41 ​ $ (0.26)

Stock-Based Compensation and _2

Stock-Based Compensation and Warrants (Tables)	6 Months Ended
	Jun. 30, 2021
Stock-Based Compensation and Warrants
Schedule of stock option activity	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Weighted ​ ​ ​ ​ ​ ​ ​ Weighted ​ average ​ Intrinsic ​ ​ ​ ​ average exercise ​ remaining ​ value ​ Shares price contractual life (thousands) Outstanding at December 31, 2020 1,707,008 ​ $ 3.37 4.98 years ​ $ 1,454 Exercisable at December 31, 2020 1,443,675 ​ $ 3.57 4.68 years ​ $ 1,112 Vested 594,402 ​ $ 3.09 ​ Exercised (831,558) ​ $ 3.48 ​ Cancelled, expired or forfeited (10,000) ​ $ 2.13 ​ Outstanding at June 30, 2021 1,459,852 ​ $ 3.20 4.61 years ​ $ 11,413 Exercisable at June 30, 2021 1,330,585 ​ $ 3.29 4.46 years ​ $ 10,283
Schedule of non-vested stock options	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Weighted average ​ Shares grant date fair value Non-vested stock options at December 31, 2020 263,333 ​ $ 0.99 Vested (124,067) ​ 1.00 Cancelled, expired or forfeited (10,000) ​ 0.87 Non-vested stock options at June 30, 2021 129,267 ​ $ 0.99
Schedule of restricted stock awards and changes	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Weighted average ​ Shares grant date fair value Non-vested RSUs at December 31, 2020 1,871,592 ​ $ 1.68 Granted 532,599 ​ 4.95 Vested (1,070,675) ​ 1.88 Cancelled, expired or forfeited (19,333) ​ 4.34 Non-vested RSUs at June 30, 2021 1,314,183 ​ $ 2.85

Segment Reporting (Tables)

Segment Reporting (Tables)	6 Months Ended
	Jun. 30, 2021
Segment Reporting
Schedule of segment information	Certain financial information relating to the three and six months ended June 30, 2021 and 2020 for each segment is provided below (in thousands). Prior year amounts have been revised to conform to the current year segment presentation. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ STK Kona Grill ONE Hospitality Corporate Total For the three months ended June 30, 2021 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total revenues $ 37,786 $ 32,247 $ 380 $ 347 ​ $ 70,760 Operating income (loss) ​ $ 10,809 ​ $ 4,416 ​ $ (66) ​ $ (7,403) ​ $ 7,756 Capital asset additions ​ $ 1,749 ​ $ 375 ​ $ 58 ​ $ 576 ​ $ 2,758 For the six months ended June 30, 2021 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total revenues $ 62,477 $ 57,824 $ 413 $ 528 ​ $ 121,242 Operating income (loss) ​ $ 16,406 ​ $ 6,866 ​ $ (184) ​ $ (14,475) ​ $ 8,613 Capital asset additions ​ $ 3,225 ​ $ 904 ​ $ 73 ​ $ 1,171 ​ $ 5,373 As of June 30, 2021 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total assets ​ $ 83,397 ​ $ 99,812 ​ $ 6,099 ​ $ 42,914 ​ $ 232,222 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ STK Kona Grill ONE Hospitality Corporate Total For the three months ended June 30, 2020 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total revenues ​ $ 4,215 ​ $ 12,380 ​ $ 12 ​ $ 57 ​ $ 16,664 Operating income (loss) ​ $ (1,399) ​ $ (60) ​ $ (129) ​ $ (3,695) ​ $ (5,283) Capital asset additions ​ $ 193 ​ $ 333 ​ $ 169 ​ $ 195 ​ $ 890 For the six months ended June 30, 2020 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total revenues ​ $ 23,266 ​ $ 33,037 ​ $ 936 ​ $ 144 ​ $ 57,383 Operating income (loss) ​ $ 765 ​ $ (399) ​ $ 71 ​ $ (10,071) ​ $ (9,634) Capital asset additions ​ $ 528 ​ $ 743 ​ $ 177 ​ $ 233 ​ $ 1,681 As of December 31, 2020 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total assets ​ $ 81,431 ​ $ 96,262 ​ $ 5,484 ​ $ 32,392 ​ $ 215,569

Geographic Information (Tables)

Geographic Information (Tables)	6 Months Ended
	Jun. 30, 2021
Geographic Information
Schedule of revenues by geographic location	Certain financial information by geographic location is provided below (in thousands). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the three months ended June 30, ​ For the six months ended June 30, ​ 2021 2020 2021 2020 Domestic revenues $ 69,910 $ 16,582 $ 120,198 $ 56,559 International revenues ​ 850 ​ 82 ​ 1,044 ​ 824 Total revenues ​ $ 70,760 ​ $ 16,664 ​ $ 121,242 ​ $ 57,383
Schedule of long-lived assets by geographic location	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, ​ December 31, ​ ​ 2021 ​ 2020 Domestic long-lived assets $ 178,656 $ 180,935 International long-lived assets ​ 982 ​ 258 Total long-lived assets ​ $ 179,638 ​ $ 181,193

Summary of Business and Signi_3

Summary of Business and Significant Accounting Policies (Details)	Jun. 30, 2021restaurantitem
Number of venues	58
Number of hotels provided F&B services | item	6
STK
Number of venues	22
Kona Grill
Number of venues	24
F&B Venues
Number of venues	12

Property and Equipment, net - T

Property and Equipment, net - Total PPE (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
Property, Plant and Equipment [Line Items]
Less: accumulated depreciation and amortization	$ (35,198)	$ (30,948)
Property and equipment, net	68,659	67,344
Furniture, fixtures and equipment
Property, Plant and Equipment [Line Items]
Property and equipment, gross	23,143	22,328
Leasehold improvements
Property, Plant and Equipment [Line Items]
Property and equipment, gross	71,953	71,654
Total amount net of accumulated depreciation and amortization
Property, Plant and Equipment [Line Items]
Property and equipment, net	59,898	63,034
Construction in progress
Property, Plant and Equipment [Line Items]
Property and equipment, net	6,681	2,294
Restaurant smallwares
Property, Plant and Equipment [Line Items]
Property and equipment, net	$ 2,080	$ 2,016

Property and Equipment, net - N

Property and Equipment, net - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020	Dec. 31, 2020
Property, Plant and Equipment [Line Items]
Depreciation	$ 2,300	$ 2,300	$ 4,800	$ 4,500
Property, Plant and Equipment, Net	68,659		68,659		$ 67,344
Construction in progress
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Net	6,681		6,681		$ 2,294
Construction in progress | STK
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Net	$ 3,600		$ 3,600

Intangibles, net (Details)

Intangibles, net (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
Intangibles, net
Kona Grill trade name	$ 17,400	$ 17,400
Other finite-lived intangible assets	15
Less: accumulated amortization	(1,522)	(1,087)
Total intangible, net	$ 15,893	$ 16,313

Intangibles, net - Narrative (D

Intangibles, net - Narrative (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Intangibles, net
Useful life			20 years
Amortization expense	$ 0.2	$ 0.2	$ 0.4	$ 0.4
2021	0.9		0.9
2022	0.9		0.9
2023	0.9		0.9
2024	0.9		0.9
2025	$ 0.9		$ 0.9

Accrued Expenses (Details)

Accrued Expenses (Details) - USD ($) $ in Thousands	3 Months Ended	6 Months Ended
	Jun. 30, 2021	Jun. 30, 2021	Dec. 31, 2020
Accrued Expenses
Payroll and related	$ 9,373	$ 9,373	$ 4,860
Accrued lease exit costs	4,144	4,144	4,144
VAT and sales taxes	2,063	2,063	1,119
Amounts due to landlords	1,601	1,601	1,883
Insurance	707	707	330
Interest	497	497	474
Legal, professional and other services	464	464	301
Income taxes and related	463	463
Construction on new restaurants	417	417
Other	4,039	4,039	2,573
Total	23,768	23,768	15,684
Employer payroll taxes, deferred	2,600	2,600	$ 2,600
Employee Benefits and Share-based Compensation	$ 400	$ 2,100

Long-Term Debt and CARES Act _3

Long-Term Debt and CARES Act Loans - Debt and Maturities (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
Debt Instrument [Line Items]
Long-term debt	$ 47,187	$ 47,508
Less: current portion of long-term debt	(507)	(588)
Less: debt issuance costs	(1,632)	(1,856)
Long-term debt, net of current portion	45,048	45,064
Future minimum loan payments:
Long-term debt	47,187	47,508
Medium-term Notes | Term Loan Agreements
Debt Instrument [Line Items]
Long-term debt	47,160	47,400
Future minimum loan payments:
Long-term debt	47,160	47,400
Construction Loans | Equipment Financing Agreements
Debt Instrument [Line Items]
Long-term debt	27	108
Future minimum loan payments:
Long-term debt	$ 27	$ 108

Long-Term Debt and CARES Act _4

Long-Term Debt and CARES Act Loans - Narrative (Details)

Aug. 06, 2021USD ($)

Aug. 10, 2020USD ($)

May 08, 2020USD ($)

May 04, 2020USD ($)subsidiary

Oct. 04, 2019USD ($)item

Aug. 16, 2016USD ($)

Jun. 05, 2015USD ($)

Jun. 30, 2021USD ($)employee

Jun. 30, 2020USD ($)

Jun. 30, 2021USD ($)employee

Jun. 30, 2020USD ($)

Dec. 31, 2020USD ($)

Debt Instrument [Line Items]

Interest expense

$ 1,100,000

$ 1,000,000

$ 2,200,000

$ 2,100,000

Weighted average interest rate

8.50%

8.50%

8.50%

Standby letters of credit outstanding

$ 1,300,000

$ 1,300,000

Debt issuance costs

1,632,000

1,632,000

$ 1,856,000

Debt instrument, term

5 years

5 years

CARES Act loan forgiveness

(8,561,000)

Debt interest rate

5.00%

5.00%

Goldman Sachs Credit Agreement

Debt Instrument [Line Items]

Basis spread on variable rate

4.75%

Debt issuance costs

2,500,000

2,500,000

$ 2,500,000

Goldman Sachs Credit Agreement | Minimum

Debt Instrument [Line Items]

Minimum consolidated liquidity

$ 1,500,000

Goldman Sachs Credit Agreement | Minimum | Subsequent Event [Member]

Debt Instrument [Line Items]

Consolidated leverage ratio

1

Goldman Sachs Credit Agreement | Maximum | Subsequent Event [Member]

Debt Instrument [Line Items]

Consolidated leverage ratio

2

Goldman Sachs Credit Agreement | Fiscal quarter ending September 30, 2020

Debt Instrument [Line Items]

Consolidated leverage ratio

2.85

2.85

Goldman Sachs Credit Agreement | Fiscal quarter ending December 31, 2020

Debt Instrument [Line Items]

Consolidated leverage ratio

3.60

3.60

Goldman Sachs Credit Agreement | Fiscal quarter ending March 31, 2021

Debt Instrument [Line Items]

Consolidated leverage ratio

3.10

3.10

Goldman Sachs Credit Agreement | Fiscal quarters ending June 30, 2021 and September 30, 2021

Debt Instrument [Line Items]

Consolidated leverage ratio

2.10

2.10

Goldman Sachs Credit Agreement | Fiscal quarter ending December 31, 2021

Debt Instrument [Line Items]

Consolidated leverage ratio

1.90

1.90

Goldman Sachs Credit Agreement | Fiscal quarter thereafter

Debt Instrument [Line Items]

Fixed charge coverage ratio

1.50

1.50

Goldman Sachs Credit Agreement | Fiscal year 2020 | Maximum

Debt Instrument [Line Items]

Maximum consolidated capital expenditures

$ 7,000,000

Goldman Sachs Credit Agreement | Fiscal year 2021 | Maximum

Debt Instrument [Line Items]

Maximum consolidated capital expenditures

7,000,000

Goldman Sachs Credit Agreement | Fiscal year 2020 and 2021 | Minimum

Debt Instrument [Line Items]

Minimum consolidated liquidity

$ 4,000,000

$ 4,000,000

Goldman Sachs Credit Agreement | Fiscal year 2020 and 2021 | Maximum

Debt Instrument [Line Items]

Maximum consolidated capital expenditures

$ 7,000,000

Goldman Sachs Credit Agreement | Fiscal year 2021 and every fiscal year thereafter

Debt Instrument [Line Items]

Number of quarters | item

4

Consolidated leverage ratio

1.50

Goldman Sachs Credit Agreement | Fiscal year 2021 and every fiscal year thereafter | Maximum

Debt Instrument [Line Items]

Maximum consolidated capital expenditures

$ 8,000,000

Goldman Sachs Credit Agreement | LIBOR

Debt Instrument [Line Items]

Basis spread on variable rate

1.75%

Goldman Sachs Credit Agreement | LIBOR | Subsequent Event [Member]

Debt Instrument [Line Items]

Basis spread on variable rate

1.75%

Goldman Sachs Credit Agreement | Base Rate

Debt Instrument [Line Items]

Basis spread on variable rate

0.50%

Goldman Sachs Credit Agreement | Base Rate | Subsequent Event [Member]

Debt Instrument [Line Items]

Basis spread on variable rate

0.50%

Goldman Sachs Credit Agreement | One Month LIBOR

Debt Instrument [Line Items]

Basis spread on variable rate

1.00%

Goldman Sachs Credit Agreement | One Month LIBOR | Subsequent Event [Member]

Debt Instrument [Line Items]

Basis spread on variable rate

1.00%

Revolving Credit Facility

Debt Instrument [Line Items]

Available amount

$ 10,700,000

$ 10,700,000

Secured revolving credit facility

$ 12,000,000

Revolving Credit Facility | Minimum | Subsequent Event [Member]

Debt Instrument [Line Items]

Secured revolving credit facility

$ 12,000,000

Term Loans

Debt Instrument [Line Items]

Face value of debt

$ 48,000,000

Term Loans | Subsequent Event [Member]

Debt Instrument [Line Items]

Face value of debt

48,000,000

Term Loans | Minimum | Subsequent Event [Member]

Debt Instrument [Line Items]

Face value of debt

$ 25,000,000

Term Loans | LIBOR | Subsequent Event [Member]

Debt Instrument [Line Items]

Basis spread on variable rate

5.00%

Term Loans | LIBOR | Minimum

Debt Instrument [Line Items]

Basis spread on variable rate

5.75%

Term Loans | LIBOR | Minimum | Subsequent Event [Member]

Debt Instrument [Line Items]

Basis spread on variable rate

5.75%

Term Loans | LIBOR | Maximum

Debt Instrument [Line Items]

Basis spread on variable rate

6.75%

Term Loans | LIBOR | Maximum | Subsequent Event [Member]

Debt Instrument [Line Items]

Basis spread on variable rate

6.75%

Term Loans | Base Rate | Subsequent Event [Member]

Debt Instrument [Line Items]

Basis spread on variable rate

4.00%

Term Loans | Base Rate | Minimum

Debt Instrument [Line Items]

Basis spread on variable rate

4.75%

Term Loans | Base Rate | Minimum | Subsequent Event [Member]

Debt Instrument [Line Items]

Basis spread on variable rate

4.75%

Term Loans | Base Rate | Maximum

Debt Instrument [Line Items]

Basis spread on variable rate

5.75%

Term Loans | Base Rate | Maximum | Subsequent Event [Member]

Debt Instrument [Line Items]

Basis spread on variable rate

5.75%

First Sterling Agreement | Construction Loans | Sterling National Bank

Debt Instrument [Line Items]

Face value of debt

$ 1,000,000

Second Sterling Agreement | Construction Loans | Sterling National Bank

Debt Instrument [Line Items]

Face value of debt

$ 700,000

CARES ACT Loans

Debt Instrument [Line Items]

Number of employees return to work from furlough | employee

3,000

3,000

Number of subsidiaries | subsidiary

2

CARES Act loan forgiveness

$ 8,600,000

Eligibility percentage for loan forgiveness

60.00%

CARES ACT Loans | STK

Debt Instrument [Line Items]

Loan received

$ 9,800,000

CARES ACT Loans | Kona Grill

Debt Instrument [Line Items]

Loan received

$ 8,500,000

Fair Value of Financial Instr_2

Fair Value of Financial Instruments (Details)	Jun. 30, 2021USD ($)
Fair Value of Financial Instruments
Long-lived assets measured at fair value	$ 0

Bagatelle (Details)

Bagatelle (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
Schedule of Equity Method Investments [Line Items]
Due from related parties	$ 376	$ 376
Bagatelle NY LA Investors, LLC (Bagatelle Investors)
Schedule of Equity Method Investments [Line Items]
Ownership percentage equity method investment	31.24%	31.24%
Equity method investments	$ 0	$ 0
Bagatelle Little West 12th, LLC (Bagatelle NY)
Schedule of Equity Method Investments [Line Items]
Ownership percentage equity method investment	51.13%	51.13%
Variable Interest Entity, Primary Beneficiary
Schedule of Equity Method Investments [Line Items]
Due from related parties	$ 400	$ 400

Income taxes - Narrative (Detai

Income taxes - Narrative (Details)	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020	Dec. 31, 2020
Income taxes
Effective income tax rate	6.50%	49.80%	4.40%	32.40%	11.70%
Foreign rate differential			21.00%

Revenue from contracts with c_3

Revenue from contracts with customers - Contract Receivables and Liabilities (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
Receivables	$ 0	$ 125
Deferred license revenue
Deferred revenue	446	1,160
Deferred gift card and gift certificate revenue
Deferred revenue	967	1,945
Konavore rewards program
Deferred revenue	$ 122	$ 102

Revenue from contracts with c_4

Revenue from contracts with customers - Changes in Deferred Gift Card and Gift Certificate Revenue (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020
Deferred license revenue
Revenue recognized	$ 105	$ 103
Deferred gift card and gift certificate revenue
Revenue recognized	$ 958	$ 866

Revenue from contracts with c_5

Revenue from contracts with customers - Future Estimated Deferred License Revenue (Details) - Deferred license revenue $ in Thousands	Jun. 30, 2021USD ($)
2021, six months remaining	$ 59
2022	90
2023	79
2024	45
2025	44
Thereafter	129
Total future estimated deferred license revenue	$ 446

Leases - Lease Expense (Details

Leases - Lease Expense (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020
Lease cost
Operating lease cost	$ 6,621	$ 6,605
Variable lease cost	2,622
Variable lease cost		(536)
Short-term lease cost	322	173
Sublease income		(269)
Total lease cost	$ 9,565	$ 5,973
Weighted average remaining lease term - operating leases	13 years	13 years
Weighted average discount rate - operating leases	8.49%	8.49%

Leases - Supplemental Cash Flow

Leases - Supplemental Cash Flow Information (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020
Leases
Cash paid for amounts included in the measurement of operating lease liabilities	$ 5,682	$ 4,081
Right-of-use assets obtained in exchange for operating lease obligations	$ 34	$ 288

Leases - Operating Lease Liabil

Leases - Operating Lease Liabilities (Details) $ in Thousands	Jun. 30, 2021USD ($)
Operating Lease Liabilities, Payments Due [Abstract]
2021, six months remaining	$ 6,683
2022	13,241
2023	13,540
2024	12,936
2025	11,901
Thereafter	112,865
Total lease payments	171,166
Less: imputed interest	(70,123)
Present value of operating lease liabilities	$ 101,043

Leases - Operating Lease - Narr

Leases - Operating Lease - Narrative (Details) $ in Millions	6 Months Ended
	Jun. 30, 2021USD ($)item
Lessee, Lease, Description [Line Items]
Lessee, Operating Lease, Lease Not yet Commenced, Existence of Option to Extend [true false]	true
STK Restaurant in Dallas, Texas [Member]
Lessee, Lease, Description [Line Items]
The amount of lessee's operating lease not yet commenced | $	$ 5.2
Lessee, Operating Lease, Lease Not yet Commenced, Renewal Term	15 years
Lessor, Operating Lease, Lease Not yet Commenced, Existence of Option to Extend [true false]	true
Number of options | item	2

Earnings per share - Calculatio

Earnings per share - Calculation (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended				6 Months Ended
	Jun. 30, 2021	Mar. 31, 2021	Jun. 30, 2020	Mar. 31, 2020	Jun. 30, 2021	Jun. 30, 2020
Earnings per share
Net income (loss) attributable to The One Group Hospitality, Inc.	$ 13,836	$ 70	$ (2,872)	$ (4,599)	$ 13,906	$ (7,471)
Basic weighted average shares outstanding	31,248,677		28,907,568		30,239,364	28,778,544
Dilutive effect of stock options, warrants and restricted share units	2,780,058				3,444,289
Diluted weighted average shares outstanding	34,028,735		28,907,568		33,683,652	28,778,544
Net income (loss) available to common stockholders per share - Basic	$ 0.44		$ (0.10)		$ 0.46	$ (0.26)
Net income (loss) available to common stockholders per share - Diluted	$ 0.41		$ (0.10)		$ 0.41	$ (0.26)

Earnings per share - Narrative

Earnings per share - Narrative (Details) - shares shares in Millions	6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020
Stock Options
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Anti-dilutive securities excluded from the calculation of diluted earnings per share	0.1	1.4
Warrants
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Anti-dilutive securities excluded from the calculation of diluted earnings per share	0.1	1.4
Restricted Share Units
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Anti-dilutive securities excluded from the calculation of diluted earnings per share	0.1	1.4

Stock-Based Compensation and _3

Stock-Based Compensation and Warrants - Summary of Status of Company's Stock Option Activity (Details) - USD ($) $ / shares in Units, $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2021	Dec. 31, 2020
Shares
Outstanding at the beginning (in shares)	1,707,008
Exercisable (in shares)	1,443,675
Vested (in shares)	594,402
Exercised (in shares)	(831,558)
Cancelled, expired or forfeited (in shares)	(10,000)
Outstanding at the ending (in shares)	1,459,852	1,707,008
Exercisable (in shares)	1,330,585	1,443,675
Weighted average exercise price
Outstanding at the beginning (in dollars per share)	$ 3.37
Exercisable (in dollars per share)	3.57
Vested (in dollars per share)	3.09
Exercised (in dollars per share)	3.48
Cancelled, expired or forfeited (in dollars per share)	2.13
Outstanding at the ending (in dollars per share)	3.20	$ 3.37
Exercisable (in dollars per share)	$ 3.29	$ 3.57
Weighted average remaining contractual life (Years)
Weighted average remaining contractual life	4 years 7 months 9 days	4 years 11 months 23 days
Exercisable weighted average remaining contractual life	4 years 5 months 15 days	4 years 8 months 4 days
Intrinsic value
Intrinsic Value Outstanding	$ 11,413	$ 1,454
Intrinsic Value Exercisable	$ 10,283	$ 1,112

Stock-Based Compensation and _4

Stock-Based Compensation and Warrants - Summary of Non-Vested Stock Options (Details)	6 Months Ended
	Jun. 30, 2021$ / sharesshares
Shares
Non-vested stock options (in shares) | shares	263,333
Vested (in shares) | shares	(124,067)
Cancelled, expired or forfeited (in shares) | shares	(10,000)
Non-vested stock options (in shares) | shares	129,267
Weighted average grant date fair value
Non-vested stock options (in dollars per share) | $ / shares	$ 0.99
Vested (in dollars per share) | $ / shares	1
Cancelled, expired or forfeited (in dollars per share) | $ / shares	0.87
Non-vested stock options (in dollars per share) | $ / shares	$ 0.99

Stock-Based Compensation and _5

Stock-Based Compensation and Warrants - Summary of Status of Company's Restricted Stock Option Activity (Details)	6 Months Ended
	Jun. 30, 2021$ / sharesshares
Shares
Non-vested RSUs at beginning of period (in shares) | shares	1,871,592
Granted (in shares) | shares	532,599
Vested (in shares) | shares	(1,070,675)
Cancelled, expired or forfeited (in shares) | shares	(19,333)
Non-vested RSUs at ending of period (in shares) | shares	1,314,183
Weighted Average Grant Date Fair Value
Non-vested RSUs at beginning of period (in dollars per share) | $ / shares	$ 1.68
Granted (in dollars per share) | $ / shares	4.95
Vested (in dollars per share) | $ / shares	1.88
Cancelled, expired or forfeited (in dollars per share) | $ / shares	4.34
Non-vested RSUs at ending of period (in dollars per share) | $ / shares	$ 2.85

Stock-Based Compensation and _6

Stock-Based Compensation and Warrants - Narrative (Details) - USD ($)	1 Months Ended	3 Months Ended			6 Months Ended		12 Months Ended
	Apr. 30, 2021	Jun. 30, 2021	Mar. 31, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020	Dec. 31, 2020
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation					$ 1,763,000	$ 820,000
Employer payroll taxes		$ 400,000			$ 2,100,000
Options outstanding (in shares)		1,459,852			1,459,852		1,707,008
Warrants available		125,000			125,000		865,000
Warrants minimum exercise price							$ 1.63
Warrants maximum exercise price							$ 2.61
Strike price		$ 1.63			$ 1.63
Anson Investments Master Fund LP
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Exercise of warrants (in shares)			450,971
Warrants exercised			640,000
Ontario Limited
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Exercise of warrants (in shares)	100,000
Aggregate consideration, warrant exercise	$ 261,000
Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Fair value of options vested					$ 100,000
General and Administrative Expense.
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation		$ 1,100,000		$ 500,000	2,100,000	800,000
Stock Options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized compensation cost related to non-vested awards		100,000			$ 100,000
Unrecognized compensation cost, recognition period					1 year
Restricted Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized compensation cost related to non-vested awards		$ 3,200,000			$ 3,200,000
Unrecognized compensation cost, recognition period					2 years 2 months 12 days
Milestone-Based Options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation			$ 300,000
Equity Incentive Plan 2019
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Remaining shares available for issuance		601,573			601,573
Director | Restricted Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation		$ 100,000		$ 100,000	$ 200,000	$ 200,000

Segment Reporting (Details)

Segment Reporting (Details) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021USD ($)	Jun. 30, 2020USD ($)	Jun. 30, 2021USD ($)segment	Jun. 30, 2020USD ($)	Dec. 31, 2020USD ($)
Segment Reporting Information [Line Items]
Number of reportable segments | segment			4
Total revenues	$ 70,760	$ 16,664	$ 121,242	$ 57,383
Operating income (loss)	7,756	(5,283)	8,613	(9,634)
Capital asset additions	2,758	890	5,373	1,681
Total assets	232,222		232,222		$ 215,569
STK
Segment Reporting Information [Line Items]
Total revenues	37,786	4,215	62,477	23,266
Operating income (loss)	10,809	(1,399)	16,406	765
Capital asset additions	1,749	193	3,225	528
Total assets	83,397		83,397		81,431
Kona Grill
Segment Reporting Information [Line Items]
Total revenues	32,247	12,380	57,824	33,037
Operating income (loss)	4,416	(60)	6,866	(399)
Capital asset additions	375	333	904	743
Total assets	99,812		99,812		96,262
ONE Hospitality
Segment Reporting Information [Line Items]
Total revenues	380	12	413	936
Operating income (loss)	(66)	(129)	(184)	71
Capital asset additions	58	169	73	177
Total assets	6,099		6,099		5,484
Corporate
Segment Reporting Information [Line Items]
Total revenues	347	57	528	144
Operating income (loss)	(7,403)	(3,695)	(14,475)	(10,071)
Capital asset additions	576	$ 195	1,171	$ 233
Total assets	$ 42,914		$ 42,914		$ 32,392

Geographic Information (Details

Geographic Information (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020	Dec. 31, 2020
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenues	$ 70,760	$ 16,664	$ 121,242	$ 57,383
Long-lived assets	179,638		179,638		$ 181,193
Domestic
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenues	69,910	16,582	120,198	56,559
Long-lived assets	178,656		178,656		180,935
International
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenues	850	$ 82	1,044	$ 824
Long-lived assets	$ 982		$ 982		$ 258

Subsequent Events (Details)

Subsequent Events (Details)	Aug. 06, 2021USD ($)	Aug. 10, 2020USD ($)	May 08, 2020USD ($)	Oct. 04, 2019USD ($)
Goldman Sachs Credit Agreement
Subsequent Event [Line Items]
Basis spread on variable rate				4.75%
Goldman Sachs Credit Agreement | LIBOR
Subsequent Event [Line Items]
Basis spread on variable rate				1.75%
Goldman Sachs Credit Agreement | Base Rate
Subsequent Event [Line Items]
Basis spread on variable rate				0.50%
Goldman Sachs Credit Agreement | One Month LIBOR
Subsequent Event [Line Items]
Basis spread on variable rate				1.00%
Goldman Sachs Credit Agreement | Fiscal quarter ending December 31, 2020
Subsequent Event [Line Items]
Consolidated leverage ratio		3.60		3.60
Goldman Sachs Credit Agreement | Fiscal quarter ending March 31, 2021
Subsequent Event [Line Items]
Consolidated leverage ratio		3.10		3.10
Goldman Sachs Credit Agreement | Fiscal quarters ending June 30, 2021 and September 30, 2021
Subsequent Event [Line Items]
Consolidated leverage ratio		2.10		2.10
Goldman Sachs Credit Agreement | Fiscal quarter ending December 31, 2021
Subsequent Event [Line Items]
Consolidated leverage ratio		1.90		1.90
Revolving Credit Facility
Subsequent Event [Line Items]
Secured revolving credit facility				$ 12,000,000
Term Loans
Subsequent Event [Line Items]
Face value of debt				48,000,000
Minimum | Goldman Sachs Credit Agreement
Subsequent Event [Line Items]
Minimum consolidated liquidity				$ 1,500,000
Minimum | Goldman Sachs Credit Agreement | Fiscal year 2020 and 2021
Subsequent Event [Line Items]
Minimum consolidated liquidity		$ 4,000,000	$ 4,000,000
Minimum | Term Loans | LIBOR
Subsequent Event [Line Items]
Basis spread on variable rate				5.75%
Minimum | Term Loans | Base Rate
Subsequent Event [Line Items]
Basis spread on variable rate				4.75%
Maximum | Term Loans | LIBOR
Subsequent Event [Line Items]
Basis spread on variable rate				6.75%
Maximum | Term Loans | Base Rate
Subsequent Event [Line Items]
Basis spread on variable rate				5.75%
Subsequent Event [Member] | Bear Interest
Subsequent Event [Line Items]
Basis spread on variable rate	4.00%
Subsequent Event [Member] | Goldman Sachs Credit Agreement | LIBOR
Subsequent Event [Line Items]
Basis spread on variable rate	1.75%
Subsequent Event [Member] | Goldman Sachs Credit Agreement | Base Rate
Subsequent Event [Line Items]
Basis spread on variable rate	0.50%
Subsequent Event [Member] | Goldman Sachs Credit Agreement | One Month LIBOR
Subsequent Event [Line Items]
Basis spread on variable rate	1.00%
Subsequent Event [Member] | Revolving Credit Facility
Subsequent Event [Line Items]
Extension term	5 years
Subsequent Event [Member] | Term Loans
Subsequent Event [Line Items]
Face value of debt	$ 48,000,000
Subsequent Event [Member] | Term Loans | LIBOR
Subsequent Event [Line Items]
Basis spread on variable rate	5.00%
Subsequent Event [Member] | Term Loans | Base Rate
Subsequent Event [Line Items]
Basis spread on variable rate	4.00%
Subsequent Event [Member] | Minimum | Goldman Sachs Credit Agreement
Subsequent Event [Line Items]
Consolidated leverage ratio	1
Subsequent Event [Member] | Minimum | Revolving Credit Facility
Subsequent Event [Line Items]
Secured revolving credit facility	$ 12,000,000
Subsequent Event [Member] | Minimum | Term Loans
Subsequent Event [Line Items]
Face value of debt	$ 25,000,000
Subsequent Event [Member] | Minimum | Term Loans | LIBOR
Subsequent Event [Line Items]
Basis spread on variable rate	5.75%
Subsequent Event [Member] | Minimum | Term Loans | Base Rate
Subsequent Event [Line Items]
Basis spread on variable rate	4.75%
Subsequent Event [Member] | Maximum | Goldman Sachs Credit Agreement
Subsequent Event [Line Items]
Consolidated leverage ratio	2
Subsequent Event [Member] | Maximum | Term Loans | LIBOR
Subsequent Event [Line Items]
Basis spread on variable rate	6.75%
Subsequent Event [Member] | Maximum | Term Loans | Base Rate
Subsequent Event [Line Items]
Basis spread on variable rate	5.75%