Sonnet BioTherapeutics, Inc. Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

Acquisitions - Schedule of Assets Acquired and Liabilities Assumed Recorded At Estimated Fair Values (Details)

Acquisitions - Schedule of Assets Acquired and Liabilities Assumed Recorded At Estimated Fair Values (Details) (USD $)	0 Months Ended	12 Months Ended		9 Months Ended
	Sep. 09, 2014	Dec. 31, 2014	Dec. 31, 2013	Sep. 09, 2014	Sep. 30, 2014
Business Acquisition [Line Items]
Common stock		$ 4,019,906	$ 3,611,126
Warrants		1,774,000	1,710,077
Assumption of debt		5,123,333
Cash	300,000	350,000	3,740,000
Total Consideration paid		10,751,639	9,061,203
Current assets, excluding cash		636,894	475,326
Property and equipment		7,945,152	3,263,146
Goodwill		11,394,009	6,135,262
Trademark/trade name/franchise fee		559,304	2,794,443
Deposits and other assets		136,025	98,035
Total assets acquired, less cash		20,671,384	12,766,212
Liabilities assumed		(4,165,235)	(2,145,429)
Non-controlling interest		(4,753,288)	(463,571)
Chanticleer equity		(1,028,749)	0
Common stock and warrants issued		(5,401,639)	(5,321,203)
Assumption of debt		(5,000,000)
Cash paid	(300,000)	(350,000)	(3,740,000)
Cash received in excess of cash paid		27,527	243,991
American Roadside Burgers [Member]
Business Acquisition [Line Items]
Common stock			3,611,126
Warrants			1,710,077
Cash
Total Consideration paid			5,321,203
Current assets, excluding cash			281,574
Property and equipment			3,000,122
Goodwill			2,550,611
Trademark/trade name/franchise fee			1,784,443
Deposits and other assets			98,035
Total assets acquired, less cash			7,714,785
Liabilities assumed			(1,490,288)
Non-controlling interest
Chanticleer equity
Common stock and warrants issued			(5,321,203)
Cash paid
Cash received in excess of cash paid			52,706
West End Wings [Member]
Business Acquisition [Line Items]
Common stock
Warrants
Cash			3,150,000
Total Consideration paid			3,150,000
Current assets, excluding cash			151,546
Property and equipment			20,493
Goodwill			3,159,500
Trademark/trade name/franchise fee
Deposits and other assets
Total assets acquired, less cash			3,331,539
Liabilities assumed			(372,824)
Non-controlling interest
Chanticleer equity
Common stock and warrants issued
Cash paid			(3,150,000)
Cash received in excess of cash paid			191,285
Just Fresh [Member]
Business Acquisition [Line Items]
Common stock
Warrants
Cash			590,000
Total Consideration paid			590,000
Current assets, excluding cash			42,206
Property and equipment			242,531
Goodwill			425,151
Trademark/trade name/franchise fee			1,010,000
Deposits and other assets
Total assets acquired, less cash			1,719,888
Liabilities assumed			(282,317)
Non-controlling interest			(463,571)
Chanticleer equity
Common stock and warrants issued
Cash paid			(590,000)
Cash received in excess of cash paid
Hooters Pacific NW [Member]
Business Acquisition [Line Items]
Common stock		2,891,156
Warrants		978,000
Assumption of debt
Cash
Total Consideration paid		3,869,156
Current assets, excluding cash		112,078
Property and equipment		2,731,031
Goodwill		1,951,909
Trademark/trade name/franchise fee		60,937
Deposits and other assets		20,275
Total assets acquired, less cash		4,876,230
Liabilities assumed		(1,009,348)
Non-controlling interest
Chanticleer equity
Common stock and warrants issued		(3,869,156)
Assumption of debt
Cash paid
Cash received in excess of cash paid		2,274
Spoon [Member]
Business Acquisition [Line Items]
Common stock		828,750
Warrants		280,400
Assumption of debt
Cash
Total Consideration paid		1,109,150
Current assets, excluding cash		89,817
Property and equipment		391,462
Goodwill		698,583
Trademark/trade name/franchise fee
Deposits and other assets		5,193
Total assets acquired, less cash		1,185,055
Liabilities assumed		(97,541)
Non-controlling interest
Chanticleer equity
Common stock and warrants issued		(1,109,150)
Assumption of debt
Cash paid
Cash received in excess of cash paid		21,636
Hooters Australia April 1, 2014 [Member]
Business Acquisition [Line Items]
Common stock
Warrants
Assumption of debt
Cash		100,000
Total Consideration paid		100,000
Current assets, excluding cash		377,296
Property and equipment		2,934,307
Goodwill
Trademark/trade name/franchise fee		277,867
Deposits and other assets		90,371
Total assets acquired, less cash		3,679,841
Liabilities assumed		(1,560,710)
Non-controlling interest		(993,999)
Chanticleer equity		(1,028,749)
Common stock and warrants issued
Assumption of debt
Cash paid		(100,000)
Cash received in excess of cash paid		3,617
Hooters Australia July 1, 2014 [Member]
Business Acquisition [Line Items]
Common stock
Warrants		123,333
Assumption of debt		5,000,000
Cash
Total Consideration paid		5,123,333
Current assets, excluding cash		47,777
Property and equipment		1,603,557
Goodwill		8,487,138
Trademark/trade name/franchise fee		220,500
Deposits and other assets		20,186
Total assets acquired, less cash		10,379,158
Liabilities assumed		(1,496,536)
Non-controlling interest		(3,759,289)
Chanticleer equity
Common stock and warrants issued		123,333
Assumption of debt		(5,000,000)
Cash paid
Cash received in excess of cash paid
Burger Company [Member]
Business Acquisition [Line Items]
Common stock		300,000
Warrants
Cash		250,000		250,000
Total Consideration paid		550,000		550,000
Current assets, excluding cash					9,926
Property and equipment					284,795
Goodwill					256,379
Trademark/trade name/franchise fee
Deposits and other assets
Total assets acquired, less cash					551,100
Liabilities assumed					(1,100)
Non-controlling interest
Chanticleer equity
Common stock and warrants issued		300,000		(300,000)
Assumption of debt
Cash paid		(250,000)		(250,000)
Cash received in excess of cash paid