ARC 10-Q 15 May 18 2018 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Mar. 31, 2018	May 11, 2018
Document and Entity Information [Abstract]
Entity Registrant Name	ARC Group, Inc.
Entity Central Index Key	1,452,872
Trading Symbol	arck
Current Fiscal Year End Date	--12-31
Entity Filer Category	Smaller Reporting Company
Entity Common Stock, Shares Outstanding		6,974,008
Document Type	10-Q
Document Period End Date	Mar. 31, 2018
Amendment Flag	false
Document Fiscal Year Focus	2,018
Document Fiscal Period Focus	Q1

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($)	Mar. 31, 2018	Dec. 31, 2017
Assets
Cash and cash equivalents	$ 237,988	$ 145,346
Accounts receivable, net	49,818	166,987
Accounts receivable, net - related party	1,640	1,505
Ad funds receivable, net	11,065	36,837
Ad funds receivable, net - related party	2,759	2,280
Inventory	51,802	45,417
Notes receivable, net	22,214	28,522
Deposits	21,458	21,189
Other current assets	12,628	5,923
Total current assets	411,372	454,006
Notes receivable, net of current portion	4,468	5,106
Property and equipment, net	117,527	99,114
Total assets	533,367	558,226
Liabilities and stockholders' deficit
Accounts payable and accrued expenses	390,818	467,264
Accounts payable and accrued expenses - related party	63,883	94,150
Accrued interest	14,349	13,472
Settlement agreements payable	267,776	264,997
Accrued legal contingency	157,865	155,935
Notes payable - related party	43,551	30,503
Contingent consideration	199,682	199,682
Deferred franchise fees	31,486
Other current liabilities	10,881	9,147
Total current liabilities	1,180,291	1,235,150
Deferred franchise fees, net of current portion	156,367
Total liabilities	1,336,658	1,235,150
Stockholders' equity deficit:
Class A common stock - $0.01 par value: 100,000,000 shares authorized, 6,974,008 and 6,950,869 shares issued and outstanding at March 31, 2018 and December 31, 2017, respectively	69,740	69,509
Additional paid-in capital	4,031,075	3,995,306
Stock subscriptions payable	13,350	26,853
Accumulated deficit	(4,917,456)	(4,768,592)
Total stockholders' deficit	(803,291)	(676,924)
Total liabilities and stockholders' deficit	$ 533,367	$ 558,226

Condensed Consolidated Balance3

Condensed Consolidated Balance Sheets (Parentheticals) - $ / shares	Mar. 31, 2018	Dec. 31, 2017
Statement Of Financial Position [Abstract]
Class A common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Class A common stock, shares authorized	100,000,000	100,000,000
Class A common stock, shares issued	6,974,008	6,950,869
Class A common stock, shares outstanding	6,974,008	6,950,869

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations (Unaudited) - USD ($)	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Revenue:
Restaurant sales	$ 984,775	$ 868,476
Franchise and other revenue	233,259	177,302
Franchise and other revenue - related party	28,628	43,018
Total net revenue	1,246,662	1,088,796
Restaurant operating costs:
Cost of sales	270,535	283,006
Labor	254,539	268,479
Occupancy	60,459	30,715
Other operating expenses	212,118	170,052
Professional fees	128,913	25,620
Employee compensation expense	131,205	85,323
General and administrative expenses	140,585	15,209
Total operating expenses	1,198,354	878,404
Income from operations	48,308	210,392
Other expense:
Interest expense	(5,692)	(7,925)
Interest income	298
Other income	4,700	3,610
Total other expense	(694)	(4,315)
Net income	$ 47,614	$ 206,077
Net income per share - basic and fully diluted (in dollars per share)	$ 0.01	$ 0.03
Weighted average number of shares outstanding - basic and fully diluted (in shares)	6,980,735	6,647,464

Condensed Consolidated Stateme5

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Cash flows from operating activities
Net income	$ 47,614	$ 206,077
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation expense	5,559	3,146
Stock-based compensation expense	22,497	13,315
Changes in operating assets and liabilities:
Accounts receivable	117,169	18,419
Accounts receivable - related party	(135)	11,288
Ad fund receivable	25,772	(13,067)
Ad fund receivable - related party	(479)
Inventory	(6,385)	(4,068)
Other assets	(6,974)	(20,025)
Accounts payable and accrued liabilities	(76,446)	377
Accrued liabilities - related party	(30,267)	(78,337)
Advertising fund liabilities		27,067
Settlement agreements payable	2,779	2,780
Accrued legal contingency	1,930	1,930
Deferred franchise fees	(8,625)
Other liabilities	2,611	(456)
Net cash provided by operating activities	96,620	168,446
Cash flows from investing activities
Repayments of notes receivable	6,946	34,047
Purchases of fixed assets	(23,972)	(9,739)
Net cash provided / (used) by investing activities	(17,026)	24,308
Cash flows from financing activities
Proceeds from issuance of notes payable - related party	43,551	352,649
Repayments of notes payable - related party	(30,503)	(295,997)
Net cash provided by financing activities	13,048	56,652
Net decrease in cash and cash equivalents	92,642	249,406
Cash and cash equivalents, beginning of period	145,346	50,923
Cash and cash equivalents, end of period	237,988	300,329
Supplemental disclosure of cash flow information
Cash paid for interest	0	0
Cash paid for income taxes	$ 0	$ 0

Description of Business

Description of Business	3 Months Ended
	Mar. 31, 2018
Description Of Business [Abstract]
Description of Business	Note 1. Description of Business ARC Group, Inc., a Nevada corporation (the “Company”), was incorporated in April 2000. The Company’s business is focused on the development of the Dick’s Wings ® Dick’s Wings & Grill ® On December 19, 2016, the Company acquired all of the issued and outstanding membership interests of Seediv, LLC, a Louisiana limited liability company (“Seediv”), for $600,000 and an earn-out payment. Seediv is the owner and operator of the Dick’s Wings & Grill restaurant located at 100 Marketside Avenue, Suite 301, in the Nocatee development in Ponte Vedra, Florida 32081 (the “Nocatee Restaurant”) and the Dick’s Wings & Grill restaurant located at 6055 Youngerman Circle in Argyle Village in Jacksonville, Florida 32244 (the “Youngerman Circle Restaurant”; together with the Nocatee Restaurant, the “Nocatee and Youngerman Restaurants”). A description of the Company’s acquisition of Seediv is set forth herein under Note 5 – Acquisition of Seediv At March 31, 2018, the Company had 21 restaurants and two concession stands. Of the 21 restaurants, 16 were located in Florida and five were located in Georgia. The Company’s concession stands were also located in Florida. Two of the Company’s restaurants were owned by the Company, and the remaining 19 restaurants were owned and operated by franchisees. The Company’s concession stands at TIAA Bank Field were also owned by the Company.

Basis of Presentation and Signi

Basis of Presentation and Significant Accounting Policies	3 Months Ended
	Mar. 31, 2018
Accounting Policies [Abstract]
Basis of Presentation and Significant Accounting Policies	Note 2. Basis of Presentation and Significant Accounting Policies Interim Financial Information The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) applicable to a going concern which contemplates the realization of assets and liquidation of liabilities in the normal course of business. The unaudited condensed consolidated financial statements include the accounts of the Company and its wholly-owned subsidiary, Seediv, LLC. All intercompany accounts and transactions were eliminated in consolidation. The accompanying The unaudited condensed consolidated financial statements should be read in conjunction with the audited consolidated financial statements and the notes thereto for the year ended December 31, 2017 included in the Company’s Annual Report on Form 10-K. Information presented as of December 31, 2017 is derived from the audited consolidated financial statements. The results of operations for the three-month period ended March 31, 2018 are not necessarily indicative of the results that the Company will have for any subsequent quarter or full fiscal year. This summary of significant accounting policies is provided to assist the reader in understanding the Company’s financial statements. The financial statements and notes thereto are representations of the Company’s management. The Company’s management is responsible for their integrity and objectivity. These accounting policies conform to accounting principles generally accepted in the United States of America (“GAAP”) and have been consistently applied in the preparation of the financial statements. Estimates The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. Actual results could differ from those estimates. Reclassifications Certain amounts in the Company’s financial statements for the 2017 fiscal year have been reclassified to conform to the 2018 fiscal year presentation. These reclassifications did not result in any change to the previously reported total assets, net loss or stockholders’ deficit. Going Concern Prior to December 31, 2017, certain facts about the Company’s financial results created an uncertainty about the Company’s ability to continue as a going concern. Segment Disclosure The Company has a single brand, all of the restaurants of which operate in the full-service casual dining industry in the United States. Pursuant to the standards of Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) Topic 280, Segment Reporting Revenue Recognition On January 1, 2018, the Company adopted the provisions of FASB ASC 606, Revenue From Contracts With Customers provides a single framework in which revenue is required to be recognized to depict the transfer of goods or services to customers in amounts that reflect the consideration to which a company expects to be entitled in exchange for those goods or services. The Company adopted this new guidance effective the first day of fiscal year 2018, using the . Under this method, the cumulative effect of initially adopting the guidance was recognized as an adjustment to the opening balance of equity at January 1, 2018. Therefore, the comparative period has not been adjusted and continues to be reported under the previous revenue recognition guidance. The details of the significant changes and quantitative impact of the changes are discussed below. Franchise Fees ASC 606 impacted the timing of recognition of franchise fees. Under previous guidance, these fees were typically recognized upon the opening of restaurants. Under ASC 606, the fees are deferred and recognized as revenue over the term of the individual franchise agreements. The effect of the required deferral of fees received in a given year will be mitigated by the recognition of revenue from fees retrospectively deferred from prior years. As a result of the adoption of ASC 606, the Company recognized deferred franchise fees in the amount of $196,478 on its balance sheet as of January1, 2018 and an increase in its accumulated deficit by the same amount on that date. Advertising Funds ASC 606 also impacted the accounting for transactions related to the Company’s general advertising fund. Under previous guidance, franchisee contributions to and expenditures by the fund were not included in the Company’s condensed consolidated financial statements. Under ASC 606, the Company records contributions to and expenditures by the fund as revenue and expenses within the Company’s condensed consolidated financial statements. The Company recognized contributions to and expenditures by the fund of $53,232 during the three-month period ended March 31, 2018. Gift Card Funds Additionally, ASC 606 impacted the accounting for transactions related to the Company’s gift card program. Under previous guidance, estimated breakage income on gift cards was deferred until it was deemed remote that the unused gift card balance would be redeemed. Under ASC 606, breakage income on gift cards is recognized as gift cards are utilized. This effect of this change on the Company’s financial statements was negligible Impact on Financial Statements The following table summarizes the impacts of adopting the revenue recognition standard on the Company’s condensed consolidated financial statements as of and for the three-month period ended March 31, 2018: Adjustments As Franchise Advertising Balances Condensed Consolidated Balance Sheet Deferred franchise fees $ 31,486 $ (31,486 ) $ — $ — Total current liabilities 1,180,291 (31,486 ) — 1,148,805 Deferred franchise fees, net of current portion 156,367 (156,367 ) — — Total liabilities 1,336,658 (187,853 ) — 1,148,805 Accumulated deficit (4,917,456 ) 187,853 — 4,729,603 Total stockholders’ equity (803,291 ) 187,853 — 615,438 Condensed Consolidated Statement of Operations Franchise and other revenue $ 233,259 $ (5,625 ) $ (46,048 ) $ 181,586 Franchise and other revenue – related party 28,628 (3,000 ) (7,184 ) 18,444 Total revenue 1,246,662 (8,625 ) (53,232 ) 1,184,805 General and administrative expenses 140,585 — (53,232 ) 87,353 Total operating expenses 1,198,354 — (53,232 ) 1,145,122 Income from operations 48,308 (8,625 ) — 39,683 Net income 47,614 (8,625 ) — 38,989 Condensed Consolidated Statement of Cash Flows Cash flows from operating activities: Net income $ 47,614 $ (8,625 ) $ — $ 38,989 Changes in operating assets and liabilities: Deferred franchise fees (8,625 ) 8,625 — — Disaggregation of Revenue The following table disaggregate revenue by primary geographical market and source: Three Months March 31, 2018 Primary geographic markets Florida $ 1,196,368 Georgia 50,294 Total revenue $ 1,246,662 Sources of revenue Restaurant sales $ 984,775 Royalties 200,030 Franchise fees 8,625 Advertising fund fees 53,232 Total revenue $ 1,246,662 Contract Balances The following table presents changes in deferred franchise fees as of and for the three-month period ended March 31, 2018: Total Deferred franchise fees at January 1, 2018 $ 196,478 Revenue recognized during the period (8,625 ) New deferrals due to cash received — Deferred franchise fees at March 31, 2018 $ 187,853 Anticipated Future Recognition of Deferred Franchise Fees The following table presents the estimated franchise fees to be recognized in the future related to performance obligations that were unsatisfied at March 31, 2018: Year Franchise Fees 2018 $ 25,344 2019 28,719 2020 27,000 2021 25,923 2022 24,000 Thereafter 56,867 Total $ 187,853 The estimated franchise fees for 2018 represent the fees to be recognized during the remainder of the 2018 fiscal year. Recent Accounting Pronouncements In February 2016, the FASB issued ASU 2016-02, Leases In November 2016, the FASB issued ASU 2016-18, Statement of Cash Flows: Restricted Cash In January 2017, the FASB issued ASU 2017-01, Business Combinations (Topic 805): Clarifying the Definition of a Business In March 2018, the FASB issued ASU 2018-05, Income Taxes (Topic 740) The Company reviewed all other significant newly-issued accounting pronouncements and concluded that they either are not applicable to the Company’s operations or that no material effect is expected on the Company’s financial statements as a result of future adoption.

Net Income Per Share

Net Income Per Share	3 Months Ended
	Mar. 31, 2018
Earnings Per Share [Abstract]
Net Income Per Share	Note 3. Net Income Per Share The Company calculates basic and diluted net income per share in accordance with ASC Topic 260, Earnings per Share The Company did not have any securities outstanding at March 31, 2018 or 2017 that were exercisable or convertible into shares of the Company’s common stock. As a result, basic net income per share was equal to diluted net income per share for the three-month periods ended March 31, 2018 and 2017 .

Investment in Paradise on Wings

Investment in Paradise on Wings	3 Months Ended
	Mar. 31, 2018
Equity Method Investments and Joint Ventures [Abstract]
Investment in Paradise on Wings	Note 4. Investment in Paradise on Wings On January 20, 2014, the Company entered into a contribution agreement with Paradise on Wings. In connection with the execution of the contribution agreement, on January 20, 2014, the Company and the incumbent members of Paradise on Wings entered into an amended and restated operating agreement of Paradise on Wings to reflect the terms of the contribution agreement. The transactions contemplated by the contribution agreement and operating agreement were completed on January 20, 2014. On September 30, 2017, the Company sold its 50% ownership interest in Paradise on Wings to Seenu G. Kasturi, the Company’s President, Chief Financial Officer and Chairman of the Board of Directors, for $24,000. Set forth below is a summary of the unaudited income statement of Paradise on Wings for the three-month period ended March 31, 2017 provided to the Company by Paradise on Wings Statement of Operations Three Months Revenue $ 84,151 Operating expenses (97,156 ) Loss from operations (13,005 ) Other expense (195,096 ) Net loss $ (208,101 ) Company’s share of net loss $ (104,051 ) Set forth below is a summary of the unaudited balance sheet of Paradise on Wings at March 31, 2017 provided to the Company by Paradise on Wings. Balance Sheet March 31, Current assets $ 99,155 Equity investment 243,766 Total assets $ 342,921 Total liabilities $ 118,124 Equity 224,797 Total liabilities and equity $ 342,921

Acquisition of Seediv

Acquisition of Seediv	3 Months Ended
	Mar. 31, 2018
Business Combinations [Abstract]
Acquisition of Seediv	Note 5. Acquisition of Seediv On December 19, 2016, the Company entered into a membership interest purchase agreement with Seenu G. Kasturi pursuant to which the Company agreed to acquire all of the issued and outstanding membership interests of Seediv from Mr. Kasturi. Seediv is the owner and operator of the Nocatee and Youngerman Restaurants. The closing of the acquisition occurred simultaneously with the execution of the membership interest purchase agreement by the Company and Mr. Kasturi on December 19, 2016. In connection with the acquisition of Seediv, the Company agreed to make an earnout payment to Mr. Kasturi and recorded $20,897 of contingent consideration as the estimated initial fair value of the earnout payment. A description of the manner by which the earnout payment was valued is set forth herein under Note 8. Fair Value Measurements

Inventory

Inventory	3 Months Ended
	Mar. 31, 2018
Inventory Disclosure [Abstract]
Inventory	Note 6. Inventory Inventory was comprised of the following at March 31, 2018 and December 31, 2017, respectively: March 31, 2018 December 31, 2017 Food $ 30,872 $ 23,987 Beverages 16,747 21,430 Other 4,183 -0- Total $ 51,802 $ 45,417

Property and Equipment, Net

Property and Equipment, Net	3 Months Ended
	Mar. 31, 2018
Property, Plant and Equipment [Abstract]
Property and Equipment, Net	Note 7. Property and Equipment, Net Property and equipment were comprised of the following at March 31, 2018 and December 31, 2017, respectively: March 31, 2018 December 31, Leasehold improvements $ 69,472 $ 69,472 Furniture, fixtures and equipment 107,267 78,621 Subtotal 176,739 148,093 Less: accumulated depreciation (59,212 ) (48,979 ) Total $ 117,527 $ 99,114 Depreciation expense was $5,559 and $3,146

Fair Value Measurements

Fair Value Measurements	3 Months Ended
	Mar. 31, 2018
Fair Value Disclosures [Abstract]
Fair Value Measurements	Note 8. Fair Value Measurements On January 20, 2014, the Company purchased a 50% ownership interest in Paradise on Wings. On December 19, 2016, the Company acquired all of the issued and outstanding membership interests of Seediv. A description of the investment in Paradise on Wings and the acquisition of Seediv is set forth herein under Note 4. Investment in Paradise on Wings Note 5. Acquisition of Seediv On September 30, 2017, the Company sold its 50% ownership interest in Paradise on Wings to Seenu G. Kasturi for $24,000. Paradise on Wings incurred a loss of $440,561 during the period beginning January 1, 2017 and ending September 30, 2017. As a result, the carrying amount of the Company’s investment in Paradise on Wings was zero at September 30, 2017. In connection with the acquisition of Seediv, the Company agreed to pay contingent consideration in the form of an earn-out payment. The Company determined that the fair value of the liability for the contingent consideration was estimated to be $20,897 at the acquisition date. The Company determined the fair value of the contingent consideration based on a probability-weighted approach derived from earn-out criteria estimates and a probability assessment with respect to the likelihood of achieving the earn-out criteria. The measurement was based upon significant inputs not observable in the market, including internal projections and an analysis of the target markets. The resultant probability-weighted contingent consideration was discounted using a discount rate based upon the weighted-average cost of capital. At each reporting date, the Company revalues the contingent consideration to the reporting date fair value and records increases and decreases in the fair value as income or expense under general and administrative expenses in the Company’s Condensed Consolidated Statements of Operations. Increases or decreases in the fair value of the contingent consideration may result from, among other things, changes in discount periods and rates, changes in the timing and amount of earn-out criteria, and changes in probability assumptions with respect to the likelihood of achieving the various earn-out criteria. As of December 31, 2017, the Company calculated the earnout payment in accordance with the provisions of the membership interest purchase agreement and determined that the earnout payment was $199,682. The Company recognized additional Seediv compensation expense in the amount by $178,785 in connection with the earnout payment and the liability for the contingent consideration was increased to $176,675 at December 31, 2017. The Company did not make any payments to Mr. Kasturi with respect to the earnout payment during the three-month period ended March 31, 2018. Accordingly, the outstanding balance of contingent consideration was $199,682 at March 31, 2018 and December 31, 2017 The following table presents the contingent consideration recorded by the Company in connection with the acquisition of Seediv within the fair value hierarchy utilized to measure fair value on a recurring basis at December 31, 2017 and 2016, respectively: Level 1 Level 2 Level 3 March 31, 2018 $ -0- $ 199,682 $ -0- December 31, 2017 $ -0- $ 199,682 $ -0- The earnout payment was to be calculated based on the earnings before interest, taxes, depreciation and amortization (“EBITDA”) for the Nocatee and Youngerman Restaurants during the year ended December 31, 2017. As of December 31, 2017, the EBITDA for the Nocatee and Youngerman Circle Restaurants was utilized to compute the ending contingent consideration liability. As a result, the fair value measurement of the contingent consideration represented a Level 2 fair value measurement at March 31, 2018 and December 31, 2017 because it was based on other significant observable inputs. The Company’s other financial instruments consist of cash and cash equivalents, accounts and ad fund receivables, notes receivable, accounts payable, accrued expenses and notes payable. The estimated fair values of the cash and cash equivalents, accounts and ad fund receivables, notes receivable, accounts payable, accrued expenses and notes payable approximate their respective carrying amounts due to the short-term maturities of these instruments.

Notes Receivable

Notes Receivable	3 Months Ended
	Mar. 31, 2018
Accounts, Notes, Loans and Financing Receivable, Gross, Allowance, and Net [Abstract]
Notes Receivable	Note 9. Notes Receivable In September 2014, the Company made a loan to one of its franchisees in the aggregate original principal amount of $6,329. The loan was for a term of three years, was payable in monthly installments, and did not require the payment of any interest. The loan was paid off in full during the three-month period ended March 31, 2018. A total of $25 of principal was outstanding under the loan at December 31, 2017. In June 2016, the Company made a loan to one of its franchisees under a promissory note in the aggregate original principal amount of $25,000. In July 2016, the Company made an additional loan to the same franchisee under a line of credit agreement for an aggregate original principal amount of up to $28,136. In September 2016, the Company made an additional loan to the same franchisee under a second line of credit agreement for an aggregate original principal amount of up to $25,000. The loan under the promissory note is for a term of two years, is payable in monthly installments beginning January 1, 2017, and accrues interest at a rate of 5% per annum beginning September 1, 2016. The loan under the $28,136 line of credit agreement was for a term of two years, was payable in monthly installments beginning January 1, 2017, and did not require the payment of any interest. The loan was repaid in full during the year ended December 31, 2017. The loan under the $25,000 line of credit agreement is for a term of two years, is payable in monthly installments beginning January 1, 2017 and accrues interest at a rate of 5% per annum beginning October 1, 2016. A total of $19,661 and $25,944 of principal was outstanding under the loans at March 31, 2018 and December 31, 2017, respectively. Interest in the amount of $298 and $588 accrued and was paid in full during the three-month periods ended March 31, 2018 and 2017, respectively. In October 2017, the Company made a loan to one of its franchisees in the aggregate original principal amount of $7,659. The loan is due and payable in full on December 1, 2020, is payable in monthly installments beginning January 1, 2018, and does not require the payment of any interest. The full amount of the loan was outstanding on December 31, 2017. Payments in the amount of $638 were made against the loan during the three-month period ended March 31, 2018. Accordingly, a total of $7,021 of principal was outstanding under the loan at March 31, 2018. The carrying value of the Company’s outstanding notes receivable was $26,682 and $33,628 at March 31, 2018 and December 31, 2017, respectively, all of which was due from unrelated third parties. Of these amounts, $22,214 and $4,468 were classified as short-term and long-term notes receivable, respectively, at March 31, 2018, and $28,522 and $5,106 were classified as short-term and long-term notes receivable, respectively, at December 31, 2017. The Company generated interest income of $298 and $748 during the three-month periods ended March 31, 2018 and 2017, respectively. The Company did not have any interest receivable outstanding at March 31, 2018 or December 31, 2017.

Debt Obligations

Debt Obligations	3 Months Ended
	Mar. 31, 2018
Debt Disclosure [Abstract]
Debt Obligations	Note 10. Debt Obligations As of December 31, 2016, the Company had principal in the amount of $16,103 outstanding under its credit facility with Blue Victory Holdings, Inc. (“Blue Victory”) and repaid $824,250 under the credit facility. During the year ended December 31, 2017, the Company borrowed $61,721 under the credit facility and repaid $77,824 to Blue Victory under the credit facility. The Company did not borrow any funds under the credit facility during the three-month period ended March 31, 2018. Accordingly, there was no principal outstanding under the credit facility at March 31, 2018 or December 31, 2017. During the year ended December 31, 2017, the Company borrowed $372,049 from Blue Victory and repaid $341,546 to Blue Victory under a separate loan. The loan accrues interest at a rate of 6% per annum and is payable on demand The carrying value of the Company’s outstanding promissory notes, net of unamortized discount, was $43,551 and $30,503 at March 31, 2018 and December 31, 2017, respectively.

Capital Stock

Capital Stock	3 Months Ended
	Mar. 31, 2018
Stockholders Equity Note [Abstract]
Capital Stock	Note 11. Capital Stock The Company’s authorized capital consisted of 100,000,000 shares of Class A common stock, par value $0.01 per share, at March 31, 2018 and December 31, 2017, of which 6,974,008 and 6,950,869 shares of common stock were outstanding at March 31, 2018 and December 31, 2017, respectively, and 10,000,000 shares of preferred stock, none of which was outstanding at March 31, 2018 and December 31, 2017. On January 1, 2018, Mr. Kasturi earned 9,337 shares of the Company’s common stock pursuant to the terms of his employment agreement with the Company. The Company recognized $147 of stock compensation expense during the three-month period ended March 31, 2018 in connection with the vesting of the shares of common stock earned by Mr. Kasturi on January 1, 2018. This amount was credited to stock subscriptions payable as of March 31, 2018. The Company also recognized $13,350 of stock compensation expense during the three-month period ended March 31, 2018 in connection with the vesting of the shares of common stock to be earned by Mr. Kasturi on April 1, 2018 pursuant to the terms of his employment agreement with the Company. This amount was credited to stock subscriptions payable as of March 31, 2018. In January 2018, the Company issued a total of 5,625 shares of its common stock to certain of its franchisees as incentive compensation. . The Company recognized a total of $22,497 and $13,315

Stock Options and Warrants

Stock Options and Warrants	3 Months Ended
	Mar. 31, 2018
Stock Options and Warrants [Abstract]
Stock Options and Warrants	Note 12. Stock Options and Warrants The Company did not issue any stock options or warrants exercisable into shares of the Company’s common stock during the three-month periods ended March 31, 2018 and 2017, and no stock options or warrants were exercised during the three-month periods ended March 31, 2018 and 2017. There were no stock options or warrants outstanding at March 31, 2018 and 2017.

Commitments and Contingencies

Commitments and Contingencies	3 Months Ended
	Mar. 31, 2018
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Note 13. Commitments and Contingencies Operating Leases Company Headquarters In January 2015, the Company entered into a lease with Crescent Hill Office Park for its corporate headquarters located at 6327-4 Argyle Forest Boulevard, Jacksonville, Florida pursuant to which the Company leases approximately In January 2018, the Company entered into a new lease with Crescent Hill Office Park for its corporate headquarters located at 6327-4 Argyle Forest Boulevard, Jacksonville, Florida pursuant to which the Company leases approximately Nocatee Restaurant In October 2013, On April 1, 2017, DWG Acquisitions, Seediv and NTC-REG entered into an assignment and assumption & first modification to lease agreement for the Nocatee Restaurant. Under the agreement, DWG Acquisitions assigned all of its right, title, interest and claim in and to the Nocatee Lease, and Seediv assumed the payment and performance of all obligations, liabilities and covenants of DWG Acquisitions under the lease for the Nocatee Restaurant. In addition, the parties amended certain terms of the lease to state that the lease covers approximately 3,400 square feet of space, to extend the term of the lease for a 60-month period commencing on April 1, 2018 and expiring March 31, 2023, and to change the rent payments to an initial monthly rent payment of $6,830 without an additional annual rent payment. Youngerman Circle Restaurant In May 2014, On December 20, 2016, Seediv entered into a new triple net lease with Raceland QSR for the Youngerman Circle Restaurant. The lease provides for rent payments to be made by the Company for each of 13 rent periods per year, with each rent period comprised of four weeks. The lease provides for an initial base rent payment equal to the greater of: (i) $10,000 per rent period, or (ii) 7.5% of the Youngerman Circle Restaurant’s net sales for the applicable rent period. Commencing on the fifth (5 th Rent expense was $66,867 and $36,633 during the three-month periods ended March 31, 2018 and 2017, respectively.

Related-Party Transactions

Related-Party Transactions	3 Months Ended
	Mar. 31, 2018
Related Party Transactions [Abstract]
Related-Party Transactions	Note 14. Related-Party Transactions During the year ended December 31, 2017, the Company borrowed $372,049 from Blue Victory and repaid $341,546 to Blue Victory under a separate loan. The loan accrues interest at a rate of 6% per annum and is payable on demand The Company generated a total of $28,628 and $43,018 in royalties and franchise fees through its franchise agreements with DWG Acquisitions during the three-month period ended March 31, 2018 and 2017, respectively. The Company had a total of $1,640 and $1,505 of accounts receivable outstanding from DWG Acquisitions at March 31, 2018 and December 31, 2017, respectively, and had a total of $2,759 and $2,280 of ad funds receivable outstanding from DWG Acquisitions at March 31, 2018 and December 31, 2017, respectively. The Company had a total of $63,883 and $94,150 for accounts payable and accrued expenses outstanding from DWG Acquisitions and certain of its employees at March 31, 208 and December 31, 2017, respectively. The outstanding amounts were primarily for rent owed to DWG Acquisitions and other expenses owed to the employees.

Judgments in Legal Proceedings

Judgments in Legal Proceedings	3 Months Ended
	Mar. 31, 2018
Judgment In Legal Proceedings [Abstract]
Judgments in Legal Proceedings	Note 15. Judgments in Legal Proceedings In October 2009, the Company initiated a legal proceeding entitled American Restaurant Concepts, Inc. vs. Cala, et al Cala v. Rosenberger et al. In August 2016, the Company entered into a full and final settlement and release agreement with Cala. Under the terms of the agreement, the Company and Cala agreed to release each other from all claims related to the ARC & Cala Proceedings, any and all other lawsuits that may have been filed by one party against the other, the 2010 Settlement Agreement, and any other matters, causes of action or claims either party may have had against the other. In consideration for the releases, the Company agreed to pay $15,000 to Cala and issue 35,000 shares of its common stock to Cala. The Company recognized a non-cash gain on settlement of liabilities of $175,449 in connection therewith during the year ended December 31, 2016. The remaining balance of $210,000 outstanding under the 2010 Settlement Agreement was debited to settlement agreements payable. On February 25, 2011, a legal proceeding entitled Duval Station Investment, LLC vs. Hot Wing Concepts, Inc. d/b/a Dick’s Wings and Grill, and American Restaurant Concepts, Inc. accrued on the outstanding balance of the settlement agreement payable during each of the three-month periods ended March 31, 2018 and 2017. The interest expense was credited to settlement agreements payable. In January 2015, Santander Bank filed a complaint against the Company in the Circuit Court, Fourth Judicial Circuit in and for Duval County, Florida, seeking damages of $194,181 plus interest, costs and attorney’s fees for breach of a guaranty of certain obligations of Ritz Aviation, LLC (“Ritz Aviation”) under a promissory note executed by Ritz Aviation in July 2005. During the Company’s fourth fiscal quarter of 2016, Santander Bank informed the Company that certain assets of Ritz Aviation had been sold for $82,642 and that the proceeds from the sale were applied towards the balance of the damages being sought, resulting in an outstanding balance of damages sought of $111,539. A total of $35,739 and $33,809 of accrued interest, and $10,586 of other expenses, were outstanding at March 31, 2018 and December 31, 2017, respectively, resulting in an aggregate potential loss of $157,865 and $155,935 at March 31, 2018 and December 31, 2017, respectively. The potential losses of $157,865 and $155,935 were reflected in accrued legal contingency at March 31, 2018 and December 31, 2017, respectively. This case is currently pending.

Subsequent Events

Subsequent Events	3 Months Ended
	Mar. 31, 2018
Subsequent Events [Abstract]
Subsequent Events	Note 16. Subsequent Events On April 1, 2018, Seenu G. Kasturi earned 9,660 shares of the Company’s common stock pursuant to the terms of his employment agreement with the Company.

Basis of Presentation and Sig22

Basis of Presentation and Significant Accounting Policies (Policies)	3 Months Ended
	Mar. 31, 2018
Accounting Policies [Abstract]
Interim Financial Information	Interim Financial Information The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) applicable to a going concern which contemplates the realization of assets and liquidation of liabilities in the normal course of business. The unaudited condensed consolidated financial statements include the accounts of the Company and its wholly-owned subsidiary, Seediv, LLC. All intercompany accounts and transactions were eliminated in consolidation. The accompanying The unaudited condensed consolidated financial statements should be read in conjunction with the audited consolidated financial statements and the notes thereto for the year ended December 31, 2017 included in the Company’s Annual Report on Form 10-K. Information presented as of December 31, 2017 is derived from the audited consolidated financial statements. The results of operations for the three-month period ended March 31, 2018 are not necessarily indicative of the results that the Company will have for any subsequent quarter or full fiscal year. This summary of significant accounting policies is provided to assist the reader in understanding the Company’s financial statements. The financial statements and notes thereto are representations of the Company’s management. The Company’s management is responsible for their integrity and objectivity. These accounting policies conform to accounting principles generally accepted in the United States of America (“GAAP”) and have been consistently applied in the preparation of the financial statements.
Estimates	Estimates The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. Actual results could differ from those estimates.
Reclassifications	Reclassifications Certain amounts in the Company’s financial statements for the 2017 fiscal year have been reclassified to conform to the 2018 fiscal year presentation. These reclassifications did not result in any change to the previously reported total assets, net loss or stockholders’ deficit.
Going Concern	Going Concern Prior to December 31, 2017, certain facts about the Company’s financial results created an uncertainty about the Company’s ability to continue as a going concern.
Segment Disclosure	Segment Disclosure The Company has a single brand, all of the restaurants of which operate in the full-service casual dining industry in the United States. Pursuant to the standards of Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) Topic 280, Segment Reporting
Revenue Recognition	Revenue Recognition On January 1, 2018, the Company adopted the provisions of FASB ASC 606, Revenue From Contracts With Customers provides a single framework in which revenue is required to be recognized to depict the transfer of goods or services to customers in amounts that reflect the consideration to which a company expects to be entitled in exchange for those goods or services. The Company adopted this new guidance effective the first day of fiscal year 2018, using the . Under this method, the cumulative effect of initially adopting the guidance was recognized as an adjustment to the opening balance of equity at January 1, 2018. Therefore, the comparative period has not been adjusted and continues to be reported under the previous revenue recognition guidance. The details of the significant changes and quantitative impact of the changes are discussed below. Franchise Fees ASC 606 impacted the timing of recognition of franchise fees. Under previous guidance, these fees were typically recognized upon the opening of restaurants. Under ASC 606, the fees are deferred and recognized as revenue over the term of the individual franchise agreements. The effect of the required deferral of fees received in a given year will be mitigated by the recognition of revenue from fees retrospectively deferred from prior years. As a result of the adoption of ASC 606, the Company recognized deferred franchise fees in the amount of $196,478 on its balance sheet as of January1, 2018 and an increase in its accumulated deficit by the same amount on that date. Advertising Funds ASC 606 also impacted the accounting for transactions related to the Company’s general advertising fund. Under previous guidance, franchisee contributions to and expenditures by the fund were not included in the Company’s condensed consolidated financial statements. Under ASC 606, the Company records contributions to and expenditures by the fund as revenue and expenses within the Company’s condensed consolidated financial statements. The Company recognized contributions to and expenditures by the fund of $53,232 during the three-month period ended March 31, 2018. Gift Card Funds Additionally, ASC 606 impacted the accounting for transactions related to the Company’s gift card program. Under previous guidance, estimated breakage income on gift cards was deferred until it was deemed remote that the unused gift card balance would be redeemed. Under ASC 606, breakage income on gift cards is recognized as gift cards are utilized. This effect of this change on the Company’s financial statements was negligible. Impact on Financial Statements The following table summarizes the impacts of adopting the revenue recognition standard on the Company’s condensed consolidated financial statements as of and for the three-month period ended March 31, 2018: Adjustments As Franchise Advertising Balances Condensed Consolidated Balance Sheet Deferred franchise fees $ 31,486 $ (31,486 ) $ — $ — Total current liabilities 1,180,291 (31,486 ) — 1,148,805 Deferred franchise fees, net of current portion 156,367 (156,367 ) — — Total liabilities 1,336,658 (187,853 ) — 1,148,805 Accumulated deficit (4,917,456 ) 187,853 — 4,729,603 Total stockholders’ equity (803,291 ) 187,853 — 615,438 Condensed Consolidated Statement of Operations Franchise and other revenue $ 233,259 $ (5,625 ) $ (46,048 ) $ 181,586 Franchise and other revenue – related party 28,628 (3,000 ) (7,184 ) 18,444 Total revenue 1,246,662 (8,625 ) (53,232 ) 1,184,805 General and administrative expenses 140,585 — (53,232 ) 87,353 Total operating expenses 1,198,354 — (53,232 ) 1,145,122 Income from operations 48,308 (8,625 ) — 39,683 Net income 47,614 (8,625 ) — 38,989 Condensed Consolidated Statement of Cash Flows Cash flows from operating activities: Net income $ 47,614 $ (8,625 ) $ — $ 38,989 Changes in operating assets and liabilities: Deferred franchise fees (8,625 ) 8,625 — — Disaggregation of Revenue The following table disaggregate revenue by primary geographical market and source: Three Months March 31, 2018 Primary geographic markets Florida $ 1,196,368 Georgia 50,294 Total revenue $ 1,246,662 Sources of revenue Restaurant sales $ 984,775 Royalties 200,030 Franchise fees 8,625 Advertising fund fees 53,232 Total revenue $ 1,246,662 Contract Balances The following table presents changes in deferred franchise fees as of and for the three-month period ended March 31, 2018: Total Deferred franchise fees at January 1, 2018 $ 196,478 Revenue recognized during the period (8,625 ) New deferrals due to cash received — Deferred franchise fees at March 31, 2018 $ 187,853 Anticipated Future Recognition of Deferred Franchise Fees The following table presents the estimated franchise fees to be recognized in the future related to performance obligations that were unsatisfied at March 31, 2018: Year Franchise Fees 2018 $ 25,344 2019 28,719 2020 27,000 2021 25,923 2022 24,000 Thereafter 56,867 Total $ 187,853 The estimated franchise fees for 2018 represent the fees to be recognized during the remainder of the 2018 fiscal year.
Recent Accounting Pronouncements	Recent Accounting Pronouncements In February 2016, the FASB issued ASU 2016-02, Leases In November 2016, the FASB issued ASU 2016-18, Statement of Cash Flows: Restricted Cash In January 2017, the FASB issued ASU 2017-01, Business Combinations (Topic 805): Clarifying the Definition of a Business In March 2018, the FASB issued ASU 2018-05, Income Taxes (Topic 740) The Company reviewed all other significant newly-issued accounting pronouncements and concluded that they either are not applicable to the Company’s operations or that no material effect is expected on the Company’s financial statements as a result of future adoption.

Basis of Presentation and Sig23

Basis of Presentation and Significant Accounting Policies (Tables)	3 Months Ended
	Mar. 31, 2018
Accounting Policies [Abstract]
Schedule of condensed consolidated financial statements	Adjustments As Franchise Advertising Balances Condensed Consolidated Balance Sheet Deferred franchise fees $ 31,486 $ (31,486 ) $ — $ — Total current liabilities 1,180,291 (31,486 ) — 1,148,805 Deferred franchise fees, net of current portion 156,367 (156,367 ) — — Total liabilities 1,336,658 (187,853 ) — 1,148,805 Accumulated deficit (4,917,456 ) 187,853 — 4,729,603 Total stockholders’ equity (803,291 ) 187,853 — 615,438 Condensed Consolidated Statement of Operations Franchise and other revenue $ 233,259 $ (5,625 ) $ (46,048 ) $ 181,586 Franchise and other revenue – related party 28,628 (3,000 ) (7,184 ) 18,444 Total revenue 1,246,662 (8,625 ) (53,232 ) 1,184,805 General and administrative expenses 140,585 — (53,232 ) 87,353 Total operating expenses 1,198,354 — (53,232 ) 1,145,122 Income from operations 48,308 (8,625 ) — 39,683 Net income 47,614 (8,625 ) — 38,989 Condensed Consolidated Statement of Cash Flows Cash flows from operating activities: Net income $ 47,614 $ (8,625 ) $ — $ 38,989 Changes in operating assets and liabilities: Deferred franchise fees (8,625 ) 8,625 — —
Schedule of disaggregation of revenue	Three Months March 31, 2018 Primary geographic markets Florida $ 1,196,368 Georgia 50,294 Total revenue $ 1,246,662 Sources of revenue Restaurant sales $ 984,775 Royalties 200,030 Franchise fees 8,625 Advertising fund fees 53,232 Total revenue $ 1,246,662
Schedule of deferred franchise fees under contract balances	Total Deferred franchise fees at January 1, 2018 $ 196,478 Revenue recognized during the period (8,625 ) New deferrals due to cash received — Deferred franchise fees at March 31, 2018 $ 187,853
Schedule of estimated franchise fees to be recognized in the future related to performance obligations	Year Franchise Fees 2018 $ 25,344 2019 28,719 2020 27,000 2021 25,923 2022 24,000 Thereafter 56,867 Total $ 187,853

Investment in Paradise on Win24

Investment in Paradise on Wings (Tables)	3 Months Ended
	Mar. 31, 2018
Equity Method Investments and Joint Ventures [Abstract]
Schedule of unaudited income statement of Paradise on Wings	Statement of Operations Three Months Revenue $ 84,151 Operating expenses (97,156 ) Loss from operations (13,005 ) Other expense (195,096 ) Net loss $ (208,101 ) Company’s share of net loss $ (104,051 )
Schedule of unaudited balance sheet of Paradise on Wings	Balance Sheet March 31, Current assets $ 99,155 Equity investment 243,766 Total assets $ 342,921 Total liabilities $ 118,124 Equity 224,797 Total liabilities and equity $ 342,921

Inventory (Tables)

Inventory (Tables)	3 Months Ended
	Mar. 31, 2018
Inventory Disclosure [Abstract]
Schedule of Inventory	March 31, 2018 December 31, 2017 Food $ 30,872 $ 23,987 Beverages 16,747 21,430 Other 4,183 -0- Total $ 51,802 $ 45,417

Property and Equipment, Net (Ta

Property and Equipment, Net (Tables)	3 Months Ended
	Mar. 31, 2018
Property, Plant and Equipment [Abstract]
Schedule of Property, Plant and Equipment	March 31, 2018 December 31, Leasehold improvements $ 69,472 $ 69,472 Furniture, fixtures and equipment 107,267 78,621 Subtotal 176,739 148,093 Less: accumulated depreciation (59,212 ) (48,979 ) Total $ 117,527 $ 99,114

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	3 Months Ended
	Mar. 31, 2018
Fair Value Disclosures [Abstract]
Schedule of equity investment in Seediv within the fair value hierarchy utilized to measure fair value on a recurring basis	Level 1 Level 2 Level 3 March 31, 2018 $ -0- $ 199,682 $ -0- December 31, 2017 $ -0- $ 199,682 $ -0-

Description of Business (Detail

Description of Business (Detail Textuals)	1 Months Ended
	Dec. 19, 2016USD ($)
Acquisition of Seediv
Business Acquisition [Line Items]
Payment agreed for membership interests	$ 600,000

Description of Business (Deta29

Description of Business (Detail Textuals 1)	Mar. 31, 2018RestaurantConcession_Stand
Franchiser Disclosure [Line Items]
Number of restaurants	21
Florida
Franchiser Disclosure [Line Items]
Number of restaurants	16
Georgia
Franchiser Disclosure [Line Items]
Number of restaurants	5
Entity Operated Units
Franchiser Disclosure [Line Items]
Number of restaurants	2
Franchised Units
Franchiser Disclosure [Line Items]
Number of restaurants	19
Franchised Units | Florida
Franchiser Disclosure [Line Items]
Number of restaurants | Concession_Stand	2

Basis of Presentation and Sig30

Basis of Presentation and Significant Accounting Policies (Details) - USD ($)	3 Months Ended		12 Months Ended
	Mar. 31, 2018	Mar. 31, 2017	Dec. 31, 2017	Jan. 01, 2018
Condensed Consolidated Balance Sheet
Deferred franchise fees	$ 31,486			$ 196,478
Total current liabilities	1,180,291		$ 1,235,150
Deferred franchise fees, net of current portion	156,367
Total liabilities	1,336,658		1,235,150
Accumulated deficit	(4,917,456)		(4,768,592)
Total stockholders' equity	(803,291)		(676,924)
Condensed Consolidated Statement of Operations
Franchise and other revenue	233,259	$ 177,302
Franchise and other revenue - related party	28,628	43,018
Total revenue	1,246,662	1,088,796
General and administrative expenses	140,585	15,209
Total operating expenses	1,198,354	878,404
Income from operations	48,308	210,392
Net income	47,614	206,077	344,740
Cash flows from operating activities:
Net income	47,614	$ 206,077	$ 344,740
Changes in operating assets and liabilities:
Deferred franchise fees	(8,625)
Adoption of revenue recognition standard | Adjustments | Franchise Fees
Condensed Consolidated Balance Sheet
Deferred franchise fees	(31,486)
Total current liabilities	(31,486)
Deferred franchise fees, net of current portion	(156,367)
Total liabilities	(187,853)
Accumulated deficit	187,853
Total stockholders' equity	187,853
Condensed Consolidated Statement of Operations
Franchise and other revenue	(5,625)
Franchise and other revenue - related party	(3,000)
Total revenue	(8,625)
General and administrative expenses	0
Total operating expenses	0
Income from operations	(8,625)
Net income	(8,625)
Cash flows from operating activities:
Net income	(8,625)
Changes in operating assets and liabilities:
Deferred franchise fees	8,625
Adoption of revenue recognition standard | Adjustments | Advertising Funds
Condensed Consolidated Balance Sheet
Deferred franchise fees	0
Total current liabilities	0
Deferred franchise fees, net of current portion	0
Total liabilities	0
Accumulated deficit	0
Total stockholders' equity	0
Condensed Consolidated Statement of Operations
Franchise and other revenue	(46,048)
Franchise and other revenue - related party	(7,184)
Total revenue	(53,232)
General and administrative expenses	(53,232)
Total operating expenses	(53,232)
Income from operations	0
Net income	0
Cash flows from operating activities:
Net income	0
Changes in operating assets and liabilities:
Deferred franchise fees	0
Adoption of revenue recognition standard | Balances Without Adoption
Condensed Consolidated Balance Sheet
Deferred franchise fees	0
Total current liabilities	1,148,805
Deferred franchise fees, net of current portion	0
Total liabilities	1,148,805
Accumulated deficit	4,729,603
Total stockholders' equity	615,438
Condensed Consolidated Statement of Operations
Franchise and other revenue	181,586
Franchise and other revenue - related party	18,444
Total revenue	1,184,805
General and administrative expenses	87,353
Total operating expenses	1,145,122
Income from operations	39,683
Net income	38,989
Cash flows from operating activities:
Net income	38,989
Changes in operating assets and liabilities:
Deferred franchise fees	$ 0

Basis of Presentation and Sig31

Basis of Presentation and Significant Accounting Policies (Details 1) - USD ($)	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Disaggregation of Revenue [Line Items]
Total revenue	$ 1,246,662	$ 1,088,796
Florida
Disaggregation of Revenue [Line Items]
Total revenue	1,196,368
Georgia
Disaggregation of Revenue [Line Items]
Total revenue	$ 50,294

Basis of Presentation and Sig32

Basis of Presentation and Significant Accounting Policies (Details 2) - USD ($)	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Sources of revenue
Restaurant sales	$ 984,775	$ 868,476
Royalties	200,030
Franchise fees	8,625
Advertising fund fees	53,232
Total revenue	$ 1,246,662	$ 1,088,796

Basis of Presentation and Sig33

Basis of Presentation and Significant Accounting Policies (Details 3) - Deferred Franchise Fees	3 Months Ended
	Mar. 31, 2018USD ($)
Changes in deferred franchise fees:
Deferred franchise fees at January 1, 2018	$ 196,478
Revenue recognized during the period	(8,625)
New deferrals due to cash received	0
Deferred franchise fees at March 31, 2018	$ 187,853

Basis of Presentation and Sig34

Basis of Presentation and Significant Accounting Policies (Details 4) - Deferred Franchise Fees	Mar. 31, 2018USD ($)
Anticipated Future Recognition of Deferred Franchise Fees
2,018	$ 25,344
2,019	28,719
2,020	27,000
2,021	25,923
2,022	24,000
Thereafter	56,867
Total	$ 187,853

Basis of Presentation and Sig35

Basis of Presentation and Significant Accounting Policies (Detail Textuals)	3 Months Ended		12 Months Ended
	Mar. 31, 2018USD ($)Segment	Mar. 31, 2017USD ($)	Dec. 31, 2017USD ($)	Jan. 01, 2018USD ($)
Accounting Policies [Abstract]
Net income	$ 47,614	$ 206,077	$ 344,740
Net cash provided by operating activities	96,620	$ 168,446	$ 248,345
Deferred franchise fees	31,486			$ 196,478
Advertising fund fees	$ 53,232
Number of reporting segments | Segment	1

Investment in Paradise on Win36

Investment in Paradise on Wings - Summary of unaudited income statement of Paradise on Wings (Details) - Paradise on Wings Franchise Group, LLC - USD ($)	3 Months Ended	9 Months Ended
	Mar. 31, 2017	Sep. 30, 2017
Schedule of Equity Method Investments [Line Items]
Revenue	$ 84,151
Operating expenses	(97,156)
Loss from operations	(13,005)
Other expense	(195,096)
Net loss	(208,101)	$ (440,561)
Company's share of net loss	$ (104,051)

Investment in Paradise on Win37

Investment in Paradise on Wings - Summary of unaudited balance sheet of Paradise on Wings (Details 1) - Paradise on Wings Franchise Group, LLC	Mar. 31, 2017USD ($)
Schedule of Equity Method Investments [Line Items]
Current assets	$ 99,155
Equity investment	243,766
Total assets	342,921
Total liabilities	118,124
Equity	224,797
Total liabilities and equity	$ 342,921

Investment in Paradise on Win38

Investment in Paradise on Wings (Detail Textuals) - Paradise on Wings Franchise Group, LLC - USD ($)	1 Months Ended
	Sep. 30, 2017	Jan. 20, 2014
Schedule of Equity Method Investments [Line Items]
Percentage of ownership interest		50.00%
Seenu G Kasturi
Schedule of Equity Method Investments [Line Items]
Percentage of ownership interest	50.00%
Purchase price	$ 24,000

Acquisition of Seediv (Detail T

Acquisition of Seediv (Detail Textuals) - USD ($)	Mar. 31, 2018	Dec. 31, 2017	Dec. 19, 2016
Business Acquisition [Line Items]
Contingent consideration	$ 199,682	$ 199,682
Earnout payment		199,682
Acquisition of Seediv
Business Acquisition [Line Items]
Contingent consideration			$ 20,897
Seenu G Kasturi | Acquisition of Seediv
Business Acquisition [Line Items]
Contingent consideration			$ 20,897
Earnout payment		$ 199,682

Inventory (Details)

Inventory (Details) - USD ($)	Mar. 31, 2018	Dec. 31, 2017
Inventory [Line Items]
Total	$ 51,802	$ 45,417
Food
Inventory [Line Items]
Total	30,872	23,987
Beverages
Inventory [Line Items]
Total	16,747	21,430
Other
Inventory [Line Items]
Total	$ 4,183	$ 0

Property and Equipment, Net (De

Property and Equipment, Net (Details) - USD ($)	Mar. 31, 2018	Dec. 31, 2017
Property, Plant and Equipment [Line Items]
Subtotal	$ 176,739	$ 148,093
Less: accumulated depreciation	(59,212)	(48,979)
Total	117,527	99,114
Leasehold improvements
Property, Plant and Equipment [Line Items]
Subtotal	69,472	69,472
Furniture, fixtures and equipment
Property, Plant and Equipment [Line Items]
Subtotal	$ 107,267	$ 78,621

Property and Equipment, Net (42

Property and Equipment, Net (Detail Textuals) - USD ($)	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Property, Plant and Equipment [Abstract]
Depreciation expense	$ 5,559	$ 3,146

Fair Value Measurements - Summa

Fair Value Measurements - Summary of equity investment within fair value hierarchy utilized to measure fair value on recurring basis (Details) - USD ($)	Mar. 31, 2018	Dec. 31, 2017
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Contingent consideration	$ 199,682	$ 199,682
Recurring basis | Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Contingent consideration	0	0
Recurring basis | Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Contingent consideration	199,682	199,682
Recurring basis | Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Contingent consideration	$ 0	$ 0

Fair Value Measurements (Detail

Fair Value Measurements (Detail Textuals) - USD ($)	1 Months Ended	3 Months Ended	9 Months Ended
	Sep. 30, 2017	Mar. 31, 2017	Sep. 30, 2017	Mar. 31, 2018	Dec. 31, 2017	Dec. 19, 2016	Jan. 20, 2014
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Contingent consideration				$ 199,682	$ 199,682
Earnout payment					199,682
Increase in contingent consideration					176,675
Acquisition of Seediv
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Contingent consideration						$ 20,897
Additional Seediv compensation expense					$ 178,785
Paradise on Wings Franchise Group, LLC
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Percentage of ownership interest							50.00%
Net loss		$ (208,101)	$ (440,561)
Carrying amount of investment in Paradise on Wings	$ 0		$ 0
Paradise on Wings Franchise Group, LLC | Seenu G Kasturi
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Percentage of ownership interest	50.00%		50.00%
Sale of investment in Paradise on Wings	$ 24,000

Notes Receivable (Detail Textua

Notes Receivable (Detail Textuals) - USD ($)	1 Months Ended				3 Months Ended
	Sep. 30, 2016	Jul. 31, 2016	Jun. 30, 2016	Sep. 30, 2014	Mar. 31, 2018	Mar. 31, 2017	Dec. 31, 2017	Oct. 31, 2017
Accounts, Notes, Loans and Financing Receivable [Line Items]
Carrying value of outstanding notes receivable					$ 26,682		$ 33,628
Interest income - related party					298	$ 748
Notes classified as short-term					22,214		28,522
Notes classified as long-term					4,468		5,106
Notes receivable | One of franchisees
Accounts, Notes, Loans and Financing Receivable [Line Items]
Aggregate original principal amount				$ 6,329				$ 7,659
Term of notes receivable				3 years
Proceeds from notes receivable from related party					638
Principal outstanding under loan					7,021		25
Notes receivable | One of franchisees | Promissory notes
Accounts, Notes, Loans and Financing Receivable [Line Items]
Aggregate original principal amount			$ 25,000
Term of notes receivable			2 years
Accrued interest rate per year			5.00%
Notes receivable | One of franchisees | Line of credit
Accounts, Notes, Loans and Financing Receivable [Line Items]
Aggregate original principal amount	$ 25,000	$ 28,136	$ 25,000
Term of notes receivable	2 years	2 years	2 years
Accrued interest rate per year	5.00%		5.00%
Notes receivable | One of franchisees | Promissory note and Line of credit
Accounts, Notes, Loans and Financing Receivable [Line Items]
Principal outstanding under loan					19,661		$ 25,944
Interest income - related party					$ 298	$ 588

Debt Obligations (Detail Textua

Debt Obligations (Detail Textuals) - USD ($)	3 Months Ended		12 Months Ended
	Mar. 31, 2018	Mar. 31, 2017	Dec. 31, 2017	Dec. 31, 2016
Debt Instrument [Line Items]
Repayments of notes payable - related party	$ 30,503	$ 295,997	$ 635,840
Revolving line of credit facility
Debt Instrument [Line Items]
Outstanding principal amount of credit facility				$ 16,103
Proceeds from related party debt			61,721
Repayments of notes payable - related party			77,824	$ 824,250
Blue Victory Holdings
Debt Instrument [Line Items]
Outstanding principal amount of credit facility	43,551		30,503
Proceeds from related party debt	43,551		372,049
Repayments of notes payable - related party	$ 30,503		341,546
Interest rate per annum	6.00%
Promissory notes, net of unamortized discount	$ 43,551		$ 30,503

Capital Stock (Detail Textuals)

Capital Stock (Detail Textuals) - $ / shares	Mar. 31, 2018	Dec. 31, 2017
Stockholders Equity Note [Abstract]
Class A common stock, shares authorized	100,000,000	100,000,000
Class A common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Class A common stock, shares outstanding	6,974,008	6,950,869
Preferred stock, shares authorized	10,000,000	10,000,000

Capital Stock (Detail Textuals

Capital Stock (Detail Textuals 1) - USD ($)	1 Months Ended	3 Months Ended		12 Months Ended
	Jan. 31, 2018	Mar. 31, 2018	Mar. 31, 2017	Dec. 31, 2017
Capital Stock [Line Items]
Allocated share-based compensation expense		$ 9,000
Stock-based compensation expense		22,497	$ 13,315
Stock subscriptions payable		13,350		$ 26,853
One of franchisees
Capital Stock [Line Items]
Common stock issued as incentive compensation (in shares)	5,625
Employment agreement | Seenu G Kasturi
Capital Stock [Line Items]
Number of common stock issued in connection with employment agreement	9,337
Employment agreement | Seenu G Kasturi | Vesting on April 1, 2018
Capital Stock [Line Items]
Allocated share-based compensation expense		13,350
Employment agreement | Seenu G Kasturi | Vesting on January 1, 2018
Capital Stock [Line Items]
Allocated share-based compensation expense		$ 147

Commitments and Contingencies (

Commitments and Contingencies (Detail Textuals)	Apr. 01, 2017USD ($)ft²	Jan. 31, 2018USD ($)ft²	Dec. 20, 2016USD ($)Rent_Period	Jan. 31, 2015USD ($)ft²	May 31, 2014ft²	Oct. 31, 2013USD ($)ft²	Mar. 31, 2018USD ($)	Mar. 31, 2017USD ($)
Commitments And Contingencies [Line Items]
Fixed monthly rent payment							$ 66,867	$ 36,633
Corporate Headquarters
Commitments And Contingencies [Line Items]
Area of land leased | ft²		2,000		2,000
Fixed monthly rent payment		$ 2,063		$ 1,806
Lease expires date				Dec. 31, 2017
Nocatee Restaurant
Commitments And Contingencies [Line Items]
Area of land leased | ft²	3,400					2,900
Fixed monthly rent payment	$ 6,830					$ 1,100
Lease expires date	Mar. 31, 2023
Percentage increase in additional annual rent payment						6.00%
Initial term of lease	60 months					53 months
Additional term of lease						60 months
Youngerman Circle Restaurant
Commitments And Contingencies [Line Items]
Area of land leased | ft²					6,500
Fixed monthly rent payment			$ 10,000
Initial term of lease			20 years		10 years
Additional term of lease			5 years		1 year
Initial base rent payment percentage of net sales			7.50%		7.00%
Number of rent periods per year | Rent_Period			13

Related-Party Transactions (Det

Related-Party Transactions (Detail Textuals) - USD ($)	3 Months Ended		12 Months Ended
	Mar. 31, 2018	Mar. 31, 2017	Dec. 31, 2017
Related Party Transaction [Line Items]
Repayments of notes payable - related party	$ 30,503	$ 295,997	$ 635,840
Royalty revenue	200,030
Accounts payable and accrued expenses - related party	$ 63,883		94,150
Blue Victory Holdings
Related Party Transaction [Line Items]
Interest rate per annum	6.00%
Proceeds from related party debt	$ 43,551		372,049
Repayments of notes payable - related party	30,503		341,546
Outstanding principal amount of credit facility	$ 43,551		30,503
Seenu G Kasturi
Related Party Transaction [Line Items]
Ownership percentage in common stock of company	49.20%
Seenu G Kasturi | Blue Victory Holdings
Related Party Transaction [Line Items]
Ownership percentage in common stock of company	49.20%
Equity interest, percent	90.00%
DWG acquisitions LLC
Related Party Transaction [Line Items]
Accounts receivable	$ 1,640		1,505
Fund receivable from acquisitions	2,759		2,280
Accounts payable and accrued expenses - related party	63,883		$ 94,150
Franchise agreement | DWG acquisitions LLC
Related Party Transaction [Line Items]
Royalty revenue	$ 28,628	$ 43,018

Judgments in Legal Proceedings

Judgments in Legal Proceedings (Detail Textuals) - USD ($)	1 Months Ended		12 Months Ended
	Aug. 31, 2016	Jan. 31, 2010	Dec. 31, 2016	Oct. 31, 2009
Loss Contingencies [Line Items]
Non-cash gain on settlement of liabilities			$ 82,642
Settlement Agreement
Loss Contingencies [Line Items]
Litigation settlement amount		$ 250,000
Payments for legal settlement		$ 40,000
Amount payable of legal settlement				$ 210,000
Settlement and Release Agreement | Joseph Cala
Loss Contingencies [Line Items]
Litigation settlement amount	$ 15,000
Amount payable of legal settlement	$ 210,000
Stock issued during period for litigation settlements	35,000
Non-cash gain on settlement of liabilities			$ 175,449

Judgments in Legal Proceeding52

Judgments in Legal Proceedings (Detail Textuals 1) - USD ($)	Nov. 11, 2011	Oct. 04, 2011	Mar. 31, 2018	Mar. 31, 2017	Dec. 31, 2016	Dec. 31, 2011
Loss Contingencies [Line Items]
Loss from legal proceedings					$ 82,642
Breach of guarantee
Loss Contingencies [Line Items]
Litigation settlement amount		$ 161,747
Litigation settlement expense	$ 33,000
Accrued interest of litigation settlement						$ 2,369
Loss from legal proceedings						$ 197,116
Interest expense			$ 2,779	$ 2,779

Judgments in Legal Proceeding53

Judgments in Legal Proceedings (Detail Textuals 2) - USD ($)	1 Months Ended	3 Months Ended	12 Months Ended
	Jan. 31, 2015	Mar. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Judgment In Legal Proceedings [Abstract]
Loss contingency damages sought	$ 194,181			$ 111,539
Non-cash gain on settlement of liabilities				$ 82,642
Accrued legal contingency		$ 157,865	$ 155,935
Accrued interest outstanding		35,739	33,809
Other expenses outstanding		$ 10,586	$ 10,586

Subsequent Events (Detail Textu

Subsequent Events (Detail Textuals) - Employment agreement - Seenu G Kasturi - shares	Apr. 01, 2018	Jan. 31, 2018
Subsequent Event [Line Items]
Number of common stock issued in connection with employment agreement		9,337
Subsequent event
Subsequent Event [Line Items]
Number of common stock issued in connection with employment agreement	9,660