General form of registration statement for all companies including face-amount certificate companies

SEGMENTS OF BUSINESS

v2.4.0.6
SEGMENTS OF BUSINESS
 9 Months Ended 12 Months Ended
Sep. 30, 2011
Dec. 31, 2010
Segment Reporting [Abstract]    
Segment Reporting Disclosure [Text Block]
NOTE 7:
SEGMENTS OF BUSINESS
 
The Company is organized into two segments as of September 30, 2011.
 
Management and consulting services ("Management")
 
The Company provides management and consulting services for small companies which are generally seeking to become publicly traded.  The Company also provides management and investment services for Investors LLC and Investors II.
 
Operation of Hooters restaurants ("Restaurants")
 
Hooters South Africa - On April 23, 2009, the Company's wholly owned subsidiary CHL through its 50% ownership of Chanticleer & Shaw Pty, Ltd. entered into a franchise agreement with HOA to open and operate Hooters restaurants in the Republic of South Africa.  The current plan calls for four restaurants in the first phase with three additional locations to be added later.  The first restaurant opened in December 2009 in Durban and commenced operations effective January 1, 2010.  A location in Johannesburg opened in June 2010 and the third location opened in Cape Town during June of 2011.  A fourth location at Emperor's Palace Casino in Johannesburg is expected to open in January 2012.
 
During September 2011, the Company acquired the remaining 50% ownership of Chanticleer & Shaw Pty, Ltd. and now owns all of the GP interest and the LP interest listed in Note 2.
 
Hooters Australia - We are partnering with the current Hooters franchisee in a joint venture.  The first Hooters restaurant under this joint venture (which will be the third Hooters restaurant to be opened in Australia) is expected to open in January 2012 in Campbelltown, a suburb of Sydney and we will own a 49% interest.
 
Financial information regarding the Company's segments is as follows for the three months ended September 30, 2011 and 2010.
 
 
Three months ended September 30, 2011
 
   
Management
    
Restaurants
    
Total
  
                   
Revenues
   $ (5,726 )   $ -     $ (5,726 )
                         
Interest expense
   $ 41,190     $ -     $ 41,190  
                         
Depreciation and amortization
   $ 2,512     $ -     $ 2,512  
                         
Profit (loss)
   $ (327,362 )   $ (20,820 )   $ (348,182 )
Investments and other
                     (147,973 )
                      (496,155 )
Non-controlling interest
                     399  
                    $ (495,756 )
                         
Assets
   $ 506,838     $ 786,560     $ 1,293,398  
Investments
                     872,216  
                    $ 2,165,614  
                         
Liabilities
   $ 1,071,938     $ 716,756     $ 1,788,694  
                         
Expenditures for non-current assets
   $ -     $ -     $ -  
 
Three months ended September 30, 2010
 
   
Management
    
Restaurants
    
Total
  
                   
Revenues
   $ 9,250     $ -     $ 9,250  
                         
Interest expense
   $ 27,422     $ -     $ 27,422  
                         
Depreciation and amortization
   $ 2,713     $ -     $ 2,713  
                         
Profit (loss)
   $ (181,348 )   $ 21,597     $ (159,751 )
Investments and other
                     9,842  
                      (149,909 )
Non-controlling interest
                     553  
                    $ (149,356 )
                         
Assets
   $ 89,336     $ 76,016     $ 165,352  
Investments
                     1,400,571  
                    $ 1,565,923  
                         
Liabilities
   $ 1,118,615     $ 25,000     $ 1,143,615  
                         
Expenditures for non-current assets
   $ 3,628     $ -     $ 3,628  
 
 
Financial information regarding the Company's segments is as follows for the nine months ended September 30, 2011 and 2010.
 
Nine months ended September 30, 2011
 
   
Management
    
Restaurants
    
Total
  
                   
Revenues
   $ 468,417     $ -     $ 468,417  
                         
Interest expense
   $ 63,876     $ -     $ 63,876  
                         
Depreciation and amortization
   $ 7,573     $ -     $ 7,573  
                         
Profit (loss)
   $ (365,191 )   $ (9,256 )   $ (374,447 )
Investments and other
                     (122,966 )
                      (497,413 )
Non-controlling interest
                     1,376  
                    $ (496,037 )
 
Nine months ended September 30, 2010
 
   
Management
    
Restaurants
    
Total
  
                   
Revenues
   $ 80,504     $ -     $ 80,504  
                         
Interest expense **
   $ 104,396     $ -     $ 104,396  
                         
Depreciation and amortization
   $ 8,281     $ -     $ 8,281  
                         
Profit (loss)
   $ (681,141 )   $ 42,850     $ (638,291 )
Investments and other
                     143,464  
                      (494,827 )
Non-controlling interest
                     430  
                    $ (494,397 )
 
** includes $49,994 fro the beneficial conversion feature of converetible notes payable.
12.
SEGMENTS OF BUSINESS
 
The Company is organized into two active segments as of the end of 2010.  One of which was added during 2009 and had its initial revenue in 2010.
 
Management and consulting services ("Management")
The Company provides management and consulting services for small companies which are generally seeking to become publicly traded.  The Company also provides management and investment services for Investors LLC and Investors II.  The Company will also provide management services to CDF.
 
Insurance and specialized financial services ("Insurance")
We have formed AFS to provide unique financial services to the restaurant, real estate development, investment advisor/asset management and philanthropic organizations.  AFS's business operation has not been activated and is expected to initially include captive insurance, CHIRA and trust services.
 
Operation of restaurants (South Africa) ("Restaurants")
The Company formed CHL to own the Company's 50% general partner interest in Hooters S.A., GP, the general partner of the Hooters' restaurant franchises in South Africa.  The initial restaurant opened December 2009 in Durban, South Africa and operations commenced in January 2010.  In the initial restaurant CHL has a 10% interest in total restaurant cash flows until the limited partners receive payout and a 40% interest in total restaurant cash flows after limited partner payout.  The second location opened in Johannesburg in June 2010 and a third location is planned to open in Cape Town during the spring of 2011.  The Company's cash requirement has been financed with limited partnerships.
 
Financial information regarding the Company's segments is as follows for 2010 and 2009.
 
Year ended December 31, 2010
 
   
Management
    
Insurance
    
Restaurants
    
Total
  
                         
Revenues
   $ 136,301     $ -     $ -     $ 136,301  
                                 
Interest expense
   $ 140,016     $ -     $ -     $ 140,016  
                                 
Depreciation and amortization
   $ 11,079     $ -     $ -     $ 11,079  
                                 
Profit (loss)
   $ (949,904 )   $ -     $ 58,337     $ (891,567 )
Investments and other
                             (138,351 )
Non-controlling interest
                             18,353  
                            $ (1,011,565 )
                                 
Assets
   $ 208,261     $ -     $ 87,200     $ 295,461  
Investments
                             1,119,098  
                            $ 1,414,559  
                                 
Liabilities
   $ 1,332,134     $ -     $ -     $ 1,332,134  
                                 
Expenditures for non-current assets
   $ 4,517     $ -     $ -     $ 4,517  
 
Year ended December 31, 2009
 
   
Management
    
Insurance
    
Restaurants
    
Total
  
                         
Revenues
   $ 602,978     $ -     $ -     $ 602,978  
                                 
Interest expense
   $ 33,914     $ -     $ -     $ 33,914  
                                 
Depreciation and amortization
   $ 11,481     $ -     $ -     $ 11,481  
                                 
Profit (loss)
   $ (702,734 )   $ (15,000 )   $ (43,451 )   $ (761,185 )
Investments and other
                           $ (52,511 )
                            $ (813,696 )
                                 
Assets
   $ 71,285     $ -     $ 107,500     $ 178,785  
Investments
                           $ 1,274,884  
                            $ 1,453,669  
                                 
Liabilities
   $ 708,651     $ -     $ 27,000     $ 735,651  
                                 
Expenditures for non-current assets
   $ 7,446     $ -     $ 62,500     $ 69,946