Financials

v3.3.1.900
Consolidated Balance Sheets - USD ($)
Dec. 31, 2015
Dec. 31, 2014
Current assets:    
Cash $ 1,527,886 $ 245,828
Accounts and other receivables 882,263 313,509
Inventories 726,624 532,803
Due from related parties 45,615 46,015
Prepaid expenses and other current assets 636,188 330,745
TOTAL CURRENT ASSETS 3,818,576 1,468,900
Property and equipment, net 16,641,232 13,315,409
Goodwill 12,702,139 15,617,308
Intangible assets, net 7,282,074 3,396,503
Investments at fair value 31,322 35,362
Other investments 1,050,000 1,550,000
Deposits and other assets 679,863 408,492
TOTAL ASSETS 42,205,206 35,791,974
Current liabilities:    
Accounts payable and accrued expenses 5,505,265 5,580,131
Current maturities of long-term debt and notes payable 5,383,002 1,813,647
Current maturities of convertible notes payable, net of debt discount of $914,724 and $63,730, respectively 2,810,276 436,270
Current maturities of capital leases payable 39,303 42,032
Due to related parties 403,742 1,299,083
Deferred rent 683,793 118,986
Derivative liabilities 1,231,608 1,945,200
Liabilities of discontinued operations 124,043 177,393
TOTAL CURRENT LIABILITIES 16,181,082 11,412,742
Long-term debt, less current maturities, net of debt discount of $171,868 and $343,733, respectively $ 1,098,641 5,009,283
Convertible notes payable, net of debt discount of $10 and $1,872,587, respectively 1,477,413
Capital leases payable, less current maturities $ 15,969 36,628
Deferred rent 1,798,660 2,196,523
Deferred tax liabilities 1,353,771 686,884
TOTAL LIABILITIES $ 20,448,073 $ 20,819,473
Commitments and contingencies (Note 17)
Stockholders’ equity:    
Preferred stock: no par value; authorized 5,000,000 shares; none issued and outstanding
Common stock: $0.0001 par value; authorized 45,000,000 shares; issued and outstanding 21,337,247 and 7,249,442 shares, respectively $ 2,134 $ 725
Additional paid in capital 55,365,597 32,601,400
Accumulated other comprehensive loss (987,695) (1,657,908)
Non-controlling interest 389,810 4,904,471
Accumulated deficit (33,012,713) (20,876,187)
TOTAL STOCKHOLDERS’ EQUITY 21,757,133 14,972,501
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 42,205,206 $ 35,791,974
v3.3.1.900
Consolidated Statements of Operations and Comprehensive Loss - USD ($)
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Revenue:    
Restaurant sales, net $ 41,010,680 $ 28,745,258
Gaming income, net 472,752 432,688
Management fee income - non-affiliates 553,953 $ 665,488
Franchise income 359,424
Total revenue 42,396,809 $ 29,843,434
Expenses:    
Restaurant cost of sales 14,036,165 9,934,532
Restaurant operating expenses 24,815,221 17,363,743
Restaurant pre-opening and closing expenses 763,948 524,739
General and administrative expenses 7,415,381 $ 5,976,870
Asset impairment charge 4,489,043
Depreciation and amortization 2,364,967 $ 1,587,858
Total expenses 53,884,725 35,387,742
Loss from continuing operations (11,487,916) (5,544,308)
Other (expense) income    
Interest expense (3,470,451) (2,280,921)
Change in fair value of derivative liabilities 868,592 $ 1,227,600
Loss on extinguishment of debt (315,923)
Realized (loss) gains on securities $ (169,369) $ 101,472
Equity in losses of investments (40,694)
Other income (expense) $ 253,642 334,477
Total other (expense) income (2,833,509) (658,066)
Loss from continuing operations before income taxes (14,321,425) (6,202,374)
Income tax benefit (expense) (187,568) 476,501
Loss from continuing operations (14,508,993) (5,725,873)
Gain (loss) from discontinued operations, net of taxes 53,350 (920,960)
Consolidated net loss (14,455,643) (6,646,833)
Less: Net loss attributable to non-controlling interest 2,319,117 243,462
Net loss attributable to Chanticleer Holdings, Inc. (12,136,526) (6,403,371)
Net loss attributable to Chanticleer Holdings, Inc.:    
Loss from continuing operations (12,189,876) (5,482,411)
Gain (loss) from discontinued operations 53,350 (920,960)
Net loss attributable to Chanticleer Holdings, Inc. (12,136,526) (6,403,371)
Other comprehensive loss:    
Unrealized gain (loss) on available-for-sale securities (none applies to non-controlling interest) (4,039) (223,746)
Foreign currency translation (loss) gain (963,528) (1,345,793)
Total other comprehensive loss (967,567) (1,569,539)
Comprehensive loss $ (13,104,093) $ (7,972,910)
Net loss attributable to Chanticleer Holdings, Inc. per common share, basic and diluted:    
Continuing operations attributable to common stockholders, basic and diluted $ (0.86) $ (0.87)
Discontinued operations attributable to common stockholders, basic and diluted $ 0 $ (0.15)
Weighted average shares outstanding, basic and diluted 14,245,437 6,332,843