Financials

v2.4.0.6
Condensed Consolidated Balance Sheets (USD $)
Mar. 31, 2013
Dec. 31, 2012
ASSETS    
Cash and cash equivalents $ 389,348 $ 1,223,803
Accounts receivable 72,128 161,073
Other receivable 78,469 85,473
Inventory 178,886 227,023
Due from related parties 113,748 117,899
Prepaid expenses 216,884 170,769
Assets of discontinued operations 89,758 44,335
TOTAL CURRENT ASSETS 1,139,221 2,030,375
Property and equipment, net 2,226,937 2,316,146
Goodwill 396,487 396,487
Intangible assets, net 629,699 559,832
Investments at fair value 33,185 56,949
Other investments 2,102,668 2,116,915
Deposits and other assets 165,613 169,727
TOTAL ASSETS 6,693,810 7,646,431
LIABILITIES AND STOCKHOLDERS' EQUITY    
Current maturities of long-term debt and notes payable 234,121 236,110
Accounts payable and accrued expenses 1,069,821 1,108,305
Other current liabilities 235,902 361,586
Current maturities of capital leases payable 32,815 27,965
Deferred rent 15,437 10,825
Due to related parties 13,733 13,733
Liabilities of discontinued operations 21,234 14,328
TOTAL CURRENT LIABILITIES 1,623,063 1,772,852
Capital leases payable, less current maturities 44,268 60,518
Deferred rent 99,275 98,448
Other liabilities 121,857 186,060
TOTAL LIABILITIES 1,888,463 2,117,878
Commitments and contingencies (Note 13)      
Stockholders' equity:    
Common stock: $0.0001 par value; authorized 20,000,000 shares; issued and outstanding 3,698,896 shares at March 31, 2013 and December 31, 2012 370 370
Additional paid in capital 14,947,639 14,898,423
Other comprehensive loss (191,989) (181,741)
Accumulated deficit (9,996,540) (9,258,697)
Non-controlling interest 45,867 70,198
TOTAL STOCKHOLDERS' EQUITY 4,805,347 5,528,553
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 6,693,810 $ 7,646,431
v2.4.0.6
Condensed Consolidated Statements of Operations (USD $)
3 Months Ended
Mar. 31, 2013
Mar. 31, 2012
Revenue:    
Restaurant sales, net $ 1,642,122 $ 1,387,495
Management fee income - non-affiliates 25,000 25,000
Total revenue 1,667,122 1,412,495
Expenses:    
Restaurant cost of sales 627,888 581,551
Restaurant operating expenses 980,155 769,332
Restaurant pre-opening expenses 0 40,721
General and administrative expenses 729,678 449,659
Depreciation and amortization 114,224 80,024
Total expenses 2,451,945 1,921,287
Loss from operations (784,823) (508,792)
Other income (expense)    
Equity in earnings (losses) of investments (14,247) (10,538)
Gain on extinguishment of debt 70,900 0
Miscellaneous income 2,562 0
Interest expense (36,943) (185,110)
Total other income (expense) 22,272 (195,648)
Loss from continuing operations before income taxes (762,551) (704,440)
Provision for income taxes 9,091 0
Loss from continuing operations (771,642) (704,440)
Income (loss) from discontinued operations, net of taxes 9,468 (61,863)
Consolidated net loss (762,174) (766,303)
Less: Net loss attributable to non-controlling interest 24,331 62,518
Net loss attributable to Chanticleer Holdings, Inc. (737,843) (703,785)
Net loss attributable to Chanticleer Holdings, Inc.:    
Loss from continuing operations (747,311) (641,922)
Income (loss) from discontinued operations 9,468 (61,863)
Net loss attributable to Chanticleer Holdings, Inc. (737,843) (703,785)
Other comprehensive income (loss):    
Unrealized loss on available-for-sale securities (none applies to non-controlling interest) (23,764) (105,618)
Foreign translation income (loss) 13,516 (8,714)
Other comprehensive loss $ (748,091) $ (818,117)
Net loss per attributable to Chanticleer Holdings, Inc. per common share, basic and diluted:    
Continuing operations attributable to common shareholders, basic and diluted (in dollars per share) $ (0.20) $ (0.26)
Discontinued operations attributable to common shareholders, basic and diluted (in dollars per share) $ 0.00 $ (0.02)
Income (Loss) from Operations before Extraordinary Items, Per Basic and Diluted Share (in dollars per share) $ (0.20) $ (0.28)
Weighted average shares outstanding, basic and diluted (in shares) 3,698,896 2,498,891
v2.4.0.6
Condensed Consolidated Statements of Cash Flows (USD $)
3 Months Ended
Mar. 31, 2013
Mar. 31, 2012
Cash flows from operating activities:    
Net loss $ (771,642) $ (704,440)
Less: net income (loss) from discontinued operations 9,468 (61,863)
Net loss from continuing operations (762,174) (766,303)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 114,224 80,024
Equity in losses of investments 14,247 10,538
Amortization of warrants 48,569 23,495
Gain on debt extinguishment (70,900) 0
(Increase) decrease in accounts and other receivables 95,949 37,556
(Increase) decrease in prepaid expenses and other assets (42,002) (63,314)
(Increase) decrease inventory 48,137 (40,302)
Increase (decrease) in accounts payable and accrued expenses (30,933) 257,143
Increase (decrease) in deferred rent 5,439 14,966
Advance from related parties for working capital (37,804) (1,179)
Net cash used in operating activities from continuing operations (617,248) (447,376)
Net cash (used in) provided by operating activities from discontinued operations (3,467) 8,162
Net cash used in operating activities (620,715) (439,214)
Cash flows from investing activities:    
Proceeds from non-controlling interests 0 90,000
Purchase of investments 0 (129,796)
Franchise costs (75,000) (240,000)
Purchase of property and equipment (23,839) (316,683)
Net cash used in investing activities from continuing operations (98,839) (596,479)
Net cash used in investing activities from discontinued operations 0 0
Net cash used in investing activities (98,839) (596,479)
Cash flows from financing activities:    
Loan proceeds, net 0 1,113,000
(Decrease) increase in other liabilities (118,987) 10,519
Loan and capital lease repayments (13,388) (6,633)
Net cash (used in) provided by financing activities from continuing operations (132,375) 1,116,886
Net cash (used in) provided by financing activities from discontinued operations 0 0
Net cash (used in) provided by financing activities (132,375) 1,116,886
Effect of exchange rate changes on cash 17,474 (8,714)
Net change in cash (834,455) 72,479
Cash, beginning of period 1,223,803 144,189
Cash, end of period 389,348 216,668
Supplemental cash flow information:    
Interest 14,294 75,146
Income taxes $ 0 $ 0