Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Operations (Unaudited)

v3.8.0.1
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
 3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Revenue:    
Restaurant sales, net $ 9,769,508 $ 9,653,154
Gaming income, net 93,155 106,067
Management fee income 25,000 24,990
Franchise income 107,853 75,786
Total revenue 9,995,516 9,859,997
Expenses:    
Restaurant cost of sales 3,276,175 3,191,390
Restaurant operating expenses 5,586,149 5,674,560
Restaurant pre-opening and closing expenses 102,882 14,435
General and administrative expenses 1,193,417 1,375,620
Asset impairment charge 1,677,055
Depreciation and amortization 540,679 593,380
Total operating expenses 12,376,357 10,849,385
Operating loss [1] (2,380,841) (989,388)
Other (expense) income    
Interest expense (635,081) (404,136)
Gain (loss) on debt refinancing (362,822)
Other income (expense) (2,114) 12,234
Total other expense (637,195) (754,724)
Loss from continuing operations before income taxes (3,018,036) (1,744,112)
Income tax expense 336,197 (3,797)
Consolidated net loss (2,681,839) (1,747,909)
Less net loss attributable to non-controlling interest: Continuing operations 84,407 20,843
Net loss attributable to Chanticleer Holdings, Inc. (2,597,432) (1,727,066)
Dividends on redeemable preferred stock (27,794) (24,717)
Net loss attributable to common shareholders of Chanticleer Holdings, Inc. $ (2,625,226) $ (1,751,213)
Net loss attributable to Chanticleer Holdings, Inc. per common share, basic and diluted: $ (0.83) $ (0.79)
Weighted average shares outstanding, basic and diluted 3,165,972 2,210,624
[1] Note that Operating Income (Loss) includes $1.7 million of non-cash impairment charges for the three months ended March 31, 2018