Financials

v2.4.1.9
Consolidated Balance Sheets (USD $)
Dec. 31, 2014
Dec. 31, 2013
Current assets:    
Cash $ 245,828us-gaap_CashAndCashEquivalentsAtCarryingValue $ 442,694us-gaap_CashAndCashEquivalentsAtCarryingValue
Accounts and other receivables 276,734us-gaap_AccountsReceivableNetCurrent 227,181us-gaap_AccountsReceivableNetCurrent
Other receivable 36,775us-gaap_OtherReceivablesNetCurrent 50,380us-gaap_OtherReceivablesNetCurrent
Inventories 532,803us-gaap_InventoryNet 381,408us-gaap_InventoryNet
Due from related parties 46,015us-gaap_DueFromRelatedPartiesCurrent 116,305us-gaap_DueFromRelatedPartiesCurrent
Prepaid expenses and other current assets 330,745us-gaap_PrepaidExpenseAndOtherAssetsCurrent 495,165us-gaap_PrepaidExpenseAndOtherAssetsCurrent
TOTAL CURRENT ASSETS 1,468,900us-gaap_AssetsCurrent 1,713,133us-gaap_AssetsCurrent
Property and equipment, net 13,315,409us-gaap_PropertyPlantAndEquipmentNet 5,620,189us-gaap_PropertyPlantAndEquipmentNet
Goodwill 15,617,308us-gaap_Goodwill 6,496,756us-gaap_Goodwill
Intangible assets, net 3,396,503us-gaap_IntangibleAssetsNetExcludingGoodwill 3,424,632us-gaap_IntangibleAssetsNetExcludingGoodwill
Investments at fair value 35,362us-gaap_AvailableForSaleSecuritiesNoncurrent 55,112us-gaap_AvailableForSaleSecuritiesNoncurrent
Other investments 1,550,000us-gaap_OtherLongTermInvestments 2,491,963us-gaap_OtherLongTermInvestments
Deposits and other assets 408,492us-gaap_DepositsAssetsNoncurrent 285,821us-gaap_DepositsAssetsNoncurrent
TOTAL ASSETS 35,791,974us-gaap_Assets 20,087,606us-gaap_Assets
Current liabilities:    
Current maturities of long-term debt and notes payable 1,813,647us-gaap_LongTermDebtCurrent 835,454us-gaap_LongTermDebtCurrent
Current maturities of convertible notes payable, net of debt discount of $63,730 and $0, respectively 436,270us-gaap_ConvertibleNotesPayableCurrent   
Derivative liability 1,945,200us-gaap_DerivativeLiabilitiesCurrent 2,146,000us-gaap_DerivativeLiabilitiesCurrent
Accounts payable and accrued expenses 5,580,131us-gaap_AccountsPayableAndAccruedLiabilitiesCurrent 2,423,661us-gaap_AccountsPayableAndAccruedLiabilitiesCurrent
Current maturities of capital leases payable 42,032us-gaap_CapitalLeaseObligationsCurrent 59,162us-gaap_CapitalLeaseObligationsCurrent
Deferred rent 118,986us-gaap_DeferredRentCreditCurrent 53,303us-gaap_DeferredRentCreditCurrent
Due to related parties 1,299,083us-gaap_DueToRelatedPartiesCurrent 12,191us-gaap_DueToRelatedPartiesCurrent
Liabilities of discontinued operations 177,393us-gaap_LiabilitiesOfDisposalGroupIncludingDiscontinuedOperation 1,500us-gaap_LiabilitiesOfDisposalGroupIncludingDiscontinuedOperation
TOTAL CURRENT LIABILITIES 11,412,742us-gaap_LiabilitiesCurrent 5,531,271us-gaap_LiabilitiesCurrent
Convertible notes payable, net of debt discount of $1,872,587 and $2,583,333, respectively 1,477,413us-gaap_ConvertibleLongTermNotesPayable 416,667us-gaap_ConvertibleLongTermNotesPayable
Capital leases payable, less current maturities 36,628us-gaap_CapitalLeaseObligationsNoncurrent 105,918us-gaap_CapitalLeaseObligationsNoncurrent
Deferred rent 2,196,523us-gaap_DeferredRentCreditNoncurrent 1,055,138us-gaap_DeferredRentCreditNoncurrent
Deferred tax liabilities 686,884us-gaap_DeferredTaxLiabilitiesNoncurrent 1,340,712us-gaap_DeferredTaxLiabilitiesNoncurrent
Long-term debt, less current maturities, net of debt discount of $343,733 and $0, respectively 5,009,283us-gaap_LongTermDebtNoncurrent 398,906us-gaap_LongTermDebtNoncurrent
TOTAL LIABILITIES 20,819,473us-gaap_Liabilities 8,848,612us-gaap_Liabilities
Commitments and contingencies (Note 17)      
Stockholders' equity:    
Common stock: $0.0001 par value; authorized 45,000,000 shares; issued and outstanding 7,249,442 and 5,387,897 shares at December 31, 2014 and 2013, respectively 725us-gaap_CommonStockValue 539us-gaap_CommonStockValue
Additional paid in capital 32,601,400us-gaap_AdditionalPaidInCapitalCommonStock 25,404,994us-gaap_AdditionalPaidInCapitalCommonStock
Accumulated other comprehensive loss (1,657,908)us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax (88,368)us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax
Non-controlling interest 4,904,471us-gaap_MinorityInterest 394,645us-gaap_MinorityInterest
Accumulated deficit (20,876,187)us-gaap_RetainedEarningsAccumulatedDeficit (14,472,816)us-gaap_RetainedEarningsAccumulatedDeficit
TOTAL STOCKHOLDERS' EQUITY 14,972,501us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest 11,238,994us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 35,791,974us-gaap_LiabilitiesAndStockholdersEquity $ 20,087,606us-gaap_LiabilitiesAndStockholdersEquity
v2.4.1.9
Consolidated Statements of Operations and Comprehensive Loss (USD $)
12 Months Ended
Dec. 31, 2014
Dec. 31, 2013
Revenue:    
Restaurant sales, net $ 28,745,258hotr_RestaurantRevenues $ 8,144,035hotr_RestaurantRevenues
Gaming income, net 432,688hotr_GamingSalesNet   
Management fee income - non-affiliates 665,488us-gaap_OtherSalesRevenueNet 103,452us-gaap_OtherSalesRevenueNet
Total revenue 29,843,434us-gaap_Revenues 8,247,487us-gaap_Revenues
Expenses:    
Restaurant cost of sales 9,934,532hotr_RestaurantCost 3,031,457hotr_RestaurantCost
Restaurant operating expenses 17,363,743us-gaap_OperatingExpenses 4,909,580us-gaap_OperatingExpenses
Restaurant pre-opening expenses 524,739us-gaap_PreOpeningCosts 56,902us-gaap_PreOpeningCosts
General and administrative expenses 5,976,870us-gaap_GeneralAndAdministrativeExpense 4,233,629us-gaap_GeneralAndAdministrativeExpense
Depreciation and amortization 1,587,858us-gaap_DepreciationAndAmortization 622,274us-gaap_DepreciationAndAmortization
Total expenses 35,387,742us-gaap_CostsAndExpenses 12,853,842us-gaap_CostsAndExpenses
Loss from operations (5,544,308)us-gaap_OperatingIncomeLoss (4,606,355)us-gaap_OperatingIncomeLoss
Other income (expense)    
Equity in losses of investments (40,694)us-gaap_IncomeLossFromEquityMethodInvestments (125,017)us-gaap_IncomeLossFromEquityMethodInvestments
Interest and other income 334,477us-gaap_InterestAndOtherIncome 82,411us-gaap_InterestAndOtherIncome
Interest expense (2,280,921)us-gaap_InterestExpense (757,733)us-gaap_InterestExpense
Realized gains on securities 101,472us-gaap_MarketableSecuritiesRealizedGainLoss   
Change in fair value of derivative liabilities (200,800)us-gaap_DerivativeGainLossOnDerivativeNet (119,600)us-gaap_DerivativeGainLossOnDerivativeNet
Total other expense (658,066)us-gaap_NonoperatingIncomeExpense (680,739)us-gaap_NonoperatingIncomeExpense
Loss from continuing operations before income taxes (6,202,374)us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments (5,287,094)us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
(Benefit) Provision for income taxes (476,501)us-gaap_IncomeTaxExpenseBenefit 40,935us-gaap_IncomeTaxExpenseBenefit
Loss from continuing operations (5,725,873)us-gaap_IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest (5,328,029)us-gaap_IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
Loss from discontinued operations, net of taxes (920,960)us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTax (25,215)us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTax
Consolidated net loss (6,646,833)us-gaap_IncomeLossBeforeExtraordinaryItemsAndCumulativeEffectOfChangeInAccountingPrinciple (5,353,244)us-gaap_IncomeLossBeforeExtraordinaryItemsAndCumulativeEffectOfChangeInAccountingPrinciple
Less: Net loss attributable to non-controlling interest 243,462us-gaap_NetIncomeLossAttributableToNoncontrollingInterest 139,125us-gaap_NetIncomeLossAttributableToNoncontrollingInterest
Net loss attributable to Chanticleer Holdings, Inc. (6,403,371)us-gaap_NetIncomeLoss (5,214,119)us-gaap_NetIncomeLoss
Net loss attributable to Chanticleer Holdings, Inc.:    
Loss from continuing operations (5,482,411)us-gaap_IncomeLossFromContinuingOperationsAttributableToNoncontrollingEntity (5,188,904)us-gaap_IncomeLossFromContinuingOperationsAttributableToNoncontrollingEntity
Loss from discontinued operations (920,960)us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToNoncontrollingInterest (25,215)us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToNoncontrollingInterest
Net loss attributable to Chanticleer Holdings, Inc. (6,403,371)us-gaap_NetIncomeLoss (5,214,119)us-gaap_NetIncomeLoss
Other comprehensive loss:    
Unrealized (loss) gain on available-for-sale securities (none applies to non-controlling interest) (223,746)us-gaap_OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentBeforeTaxPortionAttributableToParent 3,984us-gaap_OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentBeforeTaxPortionAttributableToParent
Foreign currency translation (loss) gain (1,345,793)us-gaap_OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax 90,384us-gaap_OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
Other comprehensive loss $ (7,972,910)us-gaap_ComprehensiveIncomeNetOfTax $ (5,119,751)us-gaap_ComprehensiveIncomeNetOfTax
Net loss attributable to Chanticleer Holdings, Inc. per common share, basic and diluted:    
Continuing operations attributable to common shareholders, basic and diluted $ (0.87)us-gaap_EarningsPerShareBasic $ (1.19)us-gaap_EarningsPerShareBasic
Discontinued operations attributable to common shareholders, basic and diluted $ (0.15)us-gaap_EarningsPerShareDiluted $ (0.01)us-gaap_EarningsPerShareDiluted
Weighted average shares outstanding 6,332,843us-gaap_WeightedAverageNumberOfShareOutstandingBasicAndDiluted 4,365,468us-gaap_WeightedAverageNumberOfShareOutstandingBasicAndDiluted
v2.4.1.9
Consolidated Statements of Cash Flows (USD $)
12 Months Ended
Dec. 31, 2014
Dec. 31, 2013
Cash flows from operating activities:    
Net loss $ (6,646,833)us-gaap_IncomeLossBeforeExtraordinaryItemsAndCumulativeEffectOfChangeInAccountingPrinciple $ (5,353,244)us-gaap_IncomeLossBeforeExtraordinaryItemsAndCumulativeEffectOfChangeInAccountingPrinciple
Net loss from discontinued operations 920,960us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTax 25,215us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTax
Net loss from continuing operations (5,725,873)us-gaap_ProfitLoss (5,328,029)us-gaap_ProfitLoss
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 1,587,858us-gaap_DepreciationDepletionAndAmortization 622,274us-gaap_DepreciationDepletionAndAmortization
Equity in losses of investments 40,694us-gaap_IncomeLossFromEquityMethodInvestments 125,017us-gaap_IncomeLossFromEquityMethodInvestments
Common stock issued for services 711,891us-gaap_IssuanceOfStockAndWarrantsForServicesOrClaims 569,990us-gaap_IssuanceOfStockAndWarrantsForServicesOrClaims
Gain on sale of investments (101,472)us-gaap_GainLossOnSaleOfInvestments   
Amortization of debt discount 1,400,392us-gaap_AmortizationOfDebtDiscountPremium 566,867us-gaap_AmortizationOfDebtDiscountPremium
Amortization of warrants 89,500hotr_AmortizationOfWarrants   
Common stock and warrants issued for interest 161,814hotr_CommonStockAndWarrantsIssuedForInterest 486,272hotr_CommonStockAndWarrantsIssuedForInterest
Warrants issued in connection with convertible debt 70,969hotr_WarrantsIssuedInConnectionWithConvertibleDebt   
Change in the fair value of derivative liabilities (200,800)us-gaap_DerivativeGainLossOnDerivativeNet (119,600)us-gaap_DerivativeGainLossOnDerivativeNet
Gain on debt extinguishment    (70,900)us-gaap_GainsLossesOnExtinguishmentOfDebt
Increase in amounts due to affiliates 1,427,183us-gaap_IncreaseDecreaseInDueFromAffiliatesCurrent 52us-gaap_IncreaseDecreaseInDueFromAffiliatesCurrent
(Increase) decrease in accounts receivable (49,553)us-gaap_IncreaseDecreaseInAccountsReceivable 7,455us-gaap_IncreaseDecreaseInAccountsReceivable
Increase in other receivable    179,919us-gaap_IncreaseDecreaseInOtherReceivables
Decrease (increase) in prepaid expenses and other assets 120,456us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets (165,356)us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
Increase in inventory 485,499us-gaap_IncreaseDecreaseInInventories 5,966us-gaap_IncreaseDecreaseInInventories
(Decrease) increase in accounts payable and accrued expenses (368,475)us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities 383,291us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
Deferred income taxes (653,828)us-gaap_IncreaseDecreaseInOtherDeferredLiability   
Net cash used in operating activities from continuing operations (1,003,745)us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations (2,736,782)us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
Net cash (used in) provided by operating activities from discontinued operations (23,195)us-gaap_CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations 32,583us-gaap_CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations
Net cash used in operating activities (1,026,940)us-gaap_NetCashProvidedByUsedInOperatingActivities (2,704,199)us-gaap_NetCashProvidedByUsedInOperatingActivities
Cash flows from investing activities:    
Purchase of property and equipment (1,970,173)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment (3,658,224)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment
Cash paid for acquisitions, net of cash acquired (322,473)us-gaap_CashAcquiredFromAcquisition 243,991us-gaap_CashAcquiredFromAcquisition
Proceeds from sale of investments 121,222us-gaap_ProceedsFromSaleOfInsuranceInvestments 99,934us-gaap_ProceedsFromSaleOfInsuranceInvestments
Purchase of investments    (674,084)us-gaap_PaymentsToAcquireInvestments
Franchise costs    (76,822)us-gaap_InitialFranchiseFees
Net cash used in investing activities from continuing operations (2,171,424)us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations (4,065,205)us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
Net cash used in investing activities from discontinued operations      
Net cash used in investing activities (2,171,424)us-gaap_NetCashProvidedByUsedInInvestingActivities (4,065,205)us-gaap_NetCashProvidedByUsedInInvestingActivities
Cash flows from financing activities:    
Proceeds from sale of common stock and warrants 1,206,746us-gaap_ProceedsFromIssuanceOfCommonStock 3,073,397us-gaap_ProceedsFromIssuanceOfCommonStock
Loan proceeds 2,072,951us-gaap_ProceedsFromIssuanceOfLongTermDebt 3,622,000us-gaap_ProceedsFromIssuanceOfLongTermDebt
Loan repayments (202,456)us-gaap_RepaymentsOfOtherLongTermDebt (756,299)us-gaap_RepaymentsOfOtherLongTermDebt
Capital lease payments (47,602)us-gaap_RepaymentsOfDebtAndCapitalLeaseObligations (45,356)us-gaap_RepaymentsOfDebtAndCapitalLeaseObligations
Net cash provided by financing activities from continuing operations 3,029,639us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations 5,893,742us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
Net cash provided by financing activities from discontinued operations      
Net cash provided by financing activities 3,029,639us-gaap_NetCashProvidedByUsedInFinancingActivities 5,893,742us-gaap_NetCashProvidedByUsedInFinancingActivities
Effect of exchange rate changes on cash (28,141)us-gaap_EffectOfExchangeRateOnCashAndCashEquivalents 94,553us-gaap_EffectOfExchangeRateOnCashAndCashEquivalents
Net decrease in cash (196,866)us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease (781,109)us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease
Cash, beginning of year 442,694us-gaap_CashAndCashEquivalentsAtCarryingValue 1,223,803us-gaap_CashAndCashEquivalentsAtCarryingValue
Cash, end of year 245,828us-gaap_CashAndCashEquivalentsAtCarryingValue 442,694us-gaap_CashAndCashEquivalentsAtCarryingValue
Cash paid for interest and income taxes:    
Interest 320,260us-gaap_InterestPaid 92,049us-gaap_InterestPaid
Income taxes 45,517us-gaap_IncomeTaxesPaid 25,928us-gaap_IncomeTaxesPaid
Non-cash investing and financing activities:    
Purchase of equipment using capital leases    121,930hotr_PurchaseOfEquipmentUsingCapitalLeases
Debt assumed in connection with business combinations 5,000,000hotr_DebtAssumedInConnectionWithBusinessCombinations   
Issuance of stock and warrants in connection with business combinations 5,401,639hotr_IssuanceOfStockAndWarrantsInConnectionWithBusinessCombinations   
Repurchase of shares and warrants in connection with discontinued operation 446,069hotr_RepurchaseOfSharesAndWarrantsInConnectionWithDiscontinuedOperation   
Debt discount for fair value of warrants and conversion feature issued in connection with debt 1,026,800hotr_DebtDiscountForFairValueOfWarrantsAndConversionFeatureIssuedInConnectionWithDebt 2,115,400hotr_DebtDiscountForFairValueOfWarrantsAndConversionFeatureIssuedInConnectionWithDebt
Purchases of businesses:    
Current assets excluding cash 636,894hotr_NoncashOrPartNoncashAcquisitionCurrentAssetsExcludingCash 475,326hotr_NoncashOrPartNoncashAcquisitionCurrentAssetsExcludingCash
Property and equipment 7,945,152us-gaap_NoncashOrPartNoncashAcquisitionFixedAssetsAcquired1 3,263,146us-gaap_NoncashOrPartNoncashAcquisitionFixedAssetsAcquired1
Goodwill 11,394,009us-gaap_GoodwillAcquiredDuringPeriod 6,135,262us-gaap_GoodwillAcquiredDuringPeriod
Trade name/trademarks/franchise fees 559,304us-gaap_NoncashOrPartNoncashAcquisitionIntangibleAssetsAcquired1 2,794,443us-gaap_NoncashOrPartNoncashAcquisitionIntangibleAssetsAcquired1
Deposits and other assets 136,025us-gaap_NoncashOrPartNoncashAcquisitionOtherAssetsAcquired1 98,035us-gaap_NoncashOrPartNoncashAcquisitionOtherAssetsAcquired1
Deferred Taxes    (1,340,000)hotr_BusinessAcquisitionPurchasePriceAllocationDeferredTaxLiabilities
Liabilities assumed (4,165,235)us-gaap_NoncashOrPartNoncashAcquisitionValueOfLiabilitiesAssumed1 (2,145,129)us-gaap_NoncashOrPartNoncashAcquisitionValueOfLiabilitiesAssumed1
Non-controlling interest (4,753,288)hotr_NoncashOrPartNoncashAcquisitionInterestAttributableToNoncontrollingInterest (463,571)hotr_NoncashOrPartNoncashAcquisitionInterestAttributableToNoncontrollingInterest
Chanticleer equity (1,028,749)hotr_NoncashOrPartNoncashAcquisitionInterestAttributableToParent   
Common stock and warrants issued (5,401,639)hotr_CommonStockAndWarrantsIssued (5,321,203)hotr_CommonStockAndWarrantsIssued
Assumption of debt (5,000)hotr_AssumptionOfDebt   
Cash paid (350,000)hotr_CashPaid (3,740,000)hotr_CashPaid
Cash received in excess of cash paid in acquisition $ 27,527hotr_CashReceivedInExcessOfCashPaidForNoncashTransactionInAcquisition $ 243,991hotr_CashReceivedInExcessOfCashPaidForNoncashTransactionInAcquisition