Annual report pursuant to Section 13 and 15(d)

Related Party Transactions

v3.3.1.900
Related Party Transactions
12 Months Ended
Dec. 31, 2015
Related Party Transactions [Abstract]  
Related Party Transactions

14. RELATED PARTY TRANSACTIONS

 

Due to related parties

 

The Company has received non-interest bearing loans and advances from related parties. The amounts owed by the Company as of December 31, 2015 and 2014 are as follows:

 

    December 31, 2015     December 31, 2014  
             
Hoot SA I, LLC   $ 12,963     $ 12,196  
Hooters Australia- Current Partner     390,779       -  
Hooters Australia - Former Partner     -       1,087,451  
Chanticleer Investors, LLC     -       199,436  
    $ 403,742     $ 1,299,083  

 

Due from related parties

 

The Company has earned income from and made advances to related parties. The amounts owed to the Company at December 31, 2015 and 2014 is as follows:

 

    December 31, 2015     December 31, 2014  
             
Hoot SA II, III, IV LLC   $ 45,615     $ 46,015  
    $ 45,615     $ 46,015