Consolidated Statements of Cash Flows (USD $)
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12 Months Ended | |
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Dec. 31, 2014
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Dec. 31, 2013
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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 |
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Amortization Of Warrants. No definition available.
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Assumption of debt. No definition available.
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Amount of acquisition cost of a business combination allocated to deferred tax liabilities. No definition available.
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Cash paid. No definition available.
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- Details
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The amount received for excess of cash paid for noncash transaction in acquisition. No definition available.
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- Definition
Common stock and warrants issued. No definition available.
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- Definition
Common Stock And Warrants Issued For Interest. No definition available.
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Debt assumed in connection with business combinations. No definition available.
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Debt discount for fair value of warrants and conversion feature issued in connection with debt. No definition available.
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- Definition
Issuance of stock and warrants in connection with business combinations. No definition available.
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- Definition
Noncash Or Part Noncash Acquisition Current Assets Excluding Cash. No definition available.
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- Definition
Minority interest (also known as Non-controlling interest) in business is an accounting concept that refers to the portion of a subsidiary corporation's stock that is not owned by the parent corporation No definition available.
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Noncash Or Part Noncash Acquisition Interest Attributable To Parent. No definition available.
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- Definition
The amount of purchase of equipment using capital leases. No definition available.
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- Definition
Repurchase of shares and warrants in connection with discontinued operation. No definition available.
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- Definition
Warrants Issued In Connection With Convertible Debt. No definition available.
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- Details
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- Definition
Amount of noncash expense included in interest expense to amortize debt discount and premium associated with the related debt instruments. Excludes amortization of financing costs. Alternate captions include noncash interest expense. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The cash inflow associated with the acquisition of business during the period (for example, cash that was held by the acquired business). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of increase (decrease) in cash and cash equivalents. Cash and cash equivalents are the amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Includes effect from exchange rate changes. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of cash inflow (outflow) of financing activities of discontinued operations. Financing activity cash flows include obtaining resources from owners and providing them with a return on, and a return of, their investment; borrowing money and repaying amounts borrowed, or settling the obligation; and obtaining and paying for other resources obtained from creditors on long-term credit. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Amount of cash inflow (outflow) of investing activities of discontinued operations. Investing activity cash flows include making and collecting loans and acquiring and disposing of debt or equity instruments and property, plant, and equipment and other productive assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of cash inflow (outflow) of operating activities of discontinued operations. Operating activity cash flows include transactions, adjustments, and changes in value not defined as investing or financing activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The aggregate expense recognized in the current period that allocates the cost of tangible assets, intangible assets, or depleting assets to periods that benefit from use of the assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of increase (decrease) in the fair value of derivatives recognized in the income statement. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of increase (decrease) from the effect of exchange rate changes on cash and cash equivalent balances held in foreign currencies. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The net realized gain (loss) on investments sold during the period, not including gains (losses) on securities separately or otherwise categorized as trading, available-for-sale, or held-to-maturity, which, for cash flow reporting, is a component of proceeds from investing activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Difference between the fair value of payments made and the carrying amount of debt which is extinguished prior to maturity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of increase in asset representing future economic benefits arising from other assets acquired in a business combination that are not individually identified and separately recognized resulting from a business combination. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Income or Loss from continuing operations, net of taxes, including net Income or Loss from discontinued operations but before extraordinary items. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of income (loss) from a disposal group, net of income tax before extraordinary items allocable to noncontrolling interests. Includes, net of tax, income (loss) from operations during the phase-out period, gain (loss) on disposal, provision (or any reversals of earlier provisions) for loss on disposal, and adjustments of a prior period gain (loss) on disposal. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
This item represents the entity's proportionate share for the period of the net income (loss) of its investee (such as unconsolidated subsidiaries and joint ventures) to which the equity method of accounting is applied. This item includes income or expense related to stock-based compensation based on the investor's grant of stock to employees of an equity method investee. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The amount of cash paid during the current period to foreign, federal, state, and local authorities as taxes on income. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The increase (decrease) during the reporting period in the amounts payable to vendors for goods and services received and the amount of obligations and expenses incurred but not paid. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The increase (decrease) during the reporting period in amount due within one year (or one business cycle) from customers for the credit sale of goods and services. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The increase (decrease) during the reporting period in current receivables (due within one year or one operating cycle) to be collected from an entity that is controlling, under the control of, or within the same control group as the reporting entity by means of direct or indirect ownership. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The increase (decrease) during the reporting period in the aggregate value of all inventory held by the reporting entity, associated with underlying transactions that are classified as operating activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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The increase (decrease) during the reporting period in other obligations not otherwise defined in the taxonomy where the payments will be made in future periods. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The increase (decrease) during the reporting period in other amounts due to the reporting entity, which are not otherwise defined in the taxonomy. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The increase (decrease) during the reporting period in the value of prepaid expenses and other assets not separately disclosed in the statement of cash flows, for example, deferred expenses, intangible assets, or income taxes. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The amount of initial franchise fees. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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The amount of cash paid for interest during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Fair value of share-based compensation granted to nonemployees as payment for services rendered or acknowledged claims. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of cash inflow (outflow) from financing activities, including discontinued operations. Financing activity cash flows include obtaining resources from owners and providing them with a return on, and a return of, their investment; borrowing money and repaying amounts borrowed, or settling the obligation; and obtaining and paying for other resources obtained from creditors on long-term credit. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition
Amount of cash inflow (outflow) of financing activities, excluding discontinued operations. Financing activity cash flows include obtaining resources from owners and providing them with a return on, and a return of, their investment; borrowing money and repaying amounts borrowed, or settling the obligation; and obtaining and paying for other resources obtained from creditors on long-term credit. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of cash inflow (outflow) from investing activities, including discontinued operations. Investing activity cash flows include making and collecting loans and acquiring and disposing of debt or equity instruments and property, plant, and equipment and other productive assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition
Amount of cash inflow (outflow) of investing activities, excluding discontinued operations. Investing activity cash flows include making and collecting loans and acquiring and disposing of debt or equity instruments and property, plant, and equipment and other productive assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of cash inflow (outflow) from operating activities, including discontinued operations. Operating activity cash flows include transactions, adjustments, and changes in value not defined as investing or financing activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of cash inflow (outflow) from operating activities, excluding discontinued operations. Operating activity cash flows include transactions, adjustments, and changes in value not defined as investing or financing activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition
The amount of fixed assets that an Entity acquires in a noncash (or part noncash) acquisition. Noncash is defined as information about all investing and financing activities of an enterprise during a period that affect recognized assets or liabilities but that do not result in cash receipts or cash payments in the period. "Part noncash" refers to that portion of the transaction not resulting in cash receipts or cash payments in the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The amount of intangibles that an Entity acquires in a noncash (or part noncash) acquisition. Noncash is defined as information about all investing and financing activities of an enterprise during a period that affect recognized assets or liabilities but that do not result in cash receipts or cash payments in the period. "Part noncash" refers to that portion of the transaction not resulting in cash receipts or cash payments in the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition
The amount of assets that an Entity acquires in a noncash (or part noncash) acquisition that are not presented as a separate disclosure or not otherwise listed in the existing taxonomy. Noncash is defined as information about all investing and financing activities of an enterprise during a period that affect recognized assets or liabilities but that do not result in cash receipts or cash payments in the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The total amount of [all] liabilities that an Entity assumes in acquiring a business or in consideration for an asset received in a noncash (or part noncash) acquisition. Noncash is defined as transactions during a period that affect recognized assets or liabilities but that do not result in cash receipts or cash payments in the period. "Part noncash" refers to that portion of the transaction not resulting in cash receipts or cash payments in the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The cash outflow associated with the purchase of all investments (debt, security, other) during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The cash outflow associated with the acquisition of long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale; includes cash outflows to pay for construction of self-constructed assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The cash inflow from the additional capital contribution to the entity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The cash inflow from a debt initially having maturity due after one year or beyond the operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The cash inflow associated with the sale of insurance policy investment assets during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The cash outflow during the period from the repayment of aggregate short-term and long-term debt and payment of capital lease obligations. No definition available.
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- Definition
The cash outflow attributable to repayments of borrowings not otherwise defined in the taxonomy (with maturities initially due after one year or beyond the operating cycle if longer). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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