|
Investments (Tables)
|
12 Months Ended |
|
Dec. 31, 2014
|
| Investments, Debt and Equity Securities [Abstract] |
|
| Schedule of Investments at Fair Value |
Investments at fair value consist
of the following at December 31, 2014 and 2013.
| |
|
2014 |
|
|
2013 |
|
| |
|
|
|
|
|
|
| Available-for-sale investments at fair value |
|
$ |
35,362 |
|
|
$ |
55,112 |
|
| Total |
|
$ |
35,362 |
|
|
$ |
55,112 |
|
|
| Schedule of Available for Sale Securities |
Available-for-sale
securities
Activity in our
available-for-sale securities may be summarized as follows:
| |
|
2014 |
|
|
2013 |
|
| |
|
|
|
|
|
|
| Cost |
|
$ |
263,331 |
|
|
$ |
263,331 |
|
| Unrealized loss |
|
|
(227,969 |
) |
|
|
(208,219 |
) |
| Total |
|
$ |
35,362 |
|
|
$ |
55,112 |
|
|
| Summary of Sale Securities Available |
Our available-for-sale securities consist
of the following:
| |
|
|
|
|
Unrecognized |
|
|
|
|
|
Realized |
|
|
Gain |
|
| |
|
|
|
|
Holding |
|
|
Fair |
|
|
Holding |
|
|
on |
|
| |
|
Cost |
|
|
Gains (Losses) |
|
|
Value |
|
|
Loss |
|
|
Sale |
|
| December 31, 2014 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Appalachian Mountain Brewery |
|
|
1,500 |
|
|
|
23,300 |
|
|
|
24,800 |
|
|
|
- |
|
|
|
46,292 |
|
| North American Energy |
|
|
126,000 |
|
|
|
(123,200 |
) |
|
|
2,800 |
|
|
|
- |
|
|
|
- |
|
| North American Energy |
|
|
10,500 |
|
|
|
(9,900 |
) |
|
|
600 |
|
|
|
- |
|
|
|
- |
|
| North American Energy |
|
|
125,331 |
|
|
|
(118,169 |
) |
|
|
7,162 |
|
|
|
- |
|
|
|
- |
|
| |
|
$ |
263,331 |
|
|
$ |
(227,969 |
) |
|
$ |
35,362 |
|
|
$ |
- |
|
|
$ |
46,292 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| December 31, 2013 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Appalachian Mountain Brewery |
|
|
1,500 |
|
|
|
43,050 |
|
|
|
44,550 |
|
|
|
- |
|
|
|
- |
|
| North American Energy |
|
|
126,000 |
|
|
|
(123,200 |
) |
|
|
2,800 |
|
|
|
- |
|
|
|
- |
|
| North American Energy |
|
|
10,500 |
|
|
|
(9,900 |
) |
|
|
600 |
|
|
|
- |
|
|
|
- |
|
| North American Energy |
|
|
125,331 |
|
|
|
(118,169 |
) |
|
|
7,162 |
|
|
|
- |
|
|
|
- |
|
| |
|
$ |
263,331 |
|
|
$ |
(208,219 |
) |
|
$ |
55,112 |
|
|
$ |
- |
|
|
$ |
- |
|
|
| Schedule of Other Investments |
Other investments are summarized
as follows at December 31, 2014 and 2013:
| |
|
2014 |
|
|
2013 |
|
| |
|
|
|
|
|
|
| Investments accounted for under the cost method |
|
$ |
1,550,000 |
|
|
$ |
1,550,000 |
|
| Investments accounted for under the equity method |
|
|
- |
|
|
|
941,963 |
|
| Total |
|
$ |
1,550,000 |
|
|
$ |
2,491,963 |
|
|
| Schedule of Investments Accounted for Using Equity Method |
Activity in investments
accounted for using the equity method is summarized as follows:
| |
|
2014 |
|
|
2013 |
|
| |
|
|
|
|
|
|
| Balance, beginning of year |
|
$ |
941,963 |
|
|
$ |
1,066,915 |
|
| Equity in loss |
|
|
(40,694 |
) |
|
|
(125,017 |
) |
| New investments |
|
|
100,000 |
|
|
|
100,000 |
|
| Reclassification of investments |
|
|
(1,001,269 |
) |
|
|
- |
|
| Return of capital |
|
|
- |
|
|
|
(99,935 |
) |
| Balance, end of year |
|
$ |
- |
|
|
$ |
941,963 |
|
|
| Schedule Equity Investments Consist |
Equity investments
consist of the following at December 31, 2014 and December 31, 2013:
| |
|
2014 |
|
|
2013 |
|
| |
|
|
|
|
|
|
| Carrying value: |
|
|
|
|
|
|
|
|
| Hoot Campbelltown Pty. Ltd. (49%) - Australia |
|
$ |
- |
|
|
$ |
483,603 |
|
| Hoot Surfers Paradise Pty. Ltd. (49%) - Australia |
|
|
- |
|
|
|
384,605 |
|
| Hoot Townsville Pty. Ltd. (49%) - Australia |
|
|
- |
|
|
|
73,755 |
|
| |
|
$ |
- |
|
|
$ |
941,963 |
|
|
| Schedule of Operations of Equity Investments |
The condensed statements
of operations of equity investments for the years ended December 31, 2014 and 2013 follows:
| |
|
2014 |
|
|
2013 |
|
| |
|
|
|
|
|
|
| Revenue |
|
$ |
- |
|
|
$ |
2,328,015 |
|
| Gross profit |
|
|
- |
|
|
|
1,643,287 |
|
| Loss from continuing operations |
|
|
- |
|
|
|
(255,136 |
) |
| Net loss |
|
|
- |
|
|
|
(255,136 |
) |
|
| Summary of Activity in Investments Accounted for Using Cost Method |
A summary of the
activity in investments accounted for using the cost method follows.
| |
|
2014 |
|
|
2013 |
|
| |
|
|
|
|
|
|
| Investments at cost: |
|
|
|
|
|
|
|
|
| Balance, beginning of year |
|
$ |
1,550,000 |
|
|
$ |
1,050,000 |
|
| Impairment |
|
|
- |
|
|
|
- |
|
| New investments |
|
|
- |
|
|
|
500,000 |
|
| Total |
|
$ |
1,550,000 |
|
|
$ |
1,550,000 |
|
|
| Schedule of Investments at Cost |
Investments at
cost consist of the following at December 31, 2014 and 2013:
| |
|
2014 |
|
|
2013 |
|
| |
|
|
|
|
|
|
| Chanticleer Investors, LLC |
|
$ |
800,000 |
|
|
$ |
800,000 |
|
| Beachers Madhouse |
|
|
500,000 |
|
|
|
500,000 |
|
| Edison Nation LLC (FKA Bouncing Brain Productions) |
|
|
250,000 |
|
|
|
250,000 |
|
| |
|
$ |
1,550,000 |
|
|
$ |
1,550,000 |
|
|