Investments (Tables)
|
12 Months Ended |
Dec. 31, 2015 |
|---|
| Fair Value Disclosures [Abstract] |
|
| Summary of Sale Securities Available |
Investments
at fair value consist of the following at December 31, 2015 and 2014.
| |
|
|
|
|
Unrecognized |
|
|
|
|
|
Realized |
|
|
Gain |
|
| |
|
|
|
|
Holding |
|
|
Fair |
|
|
Holding |
|
|
on |
|
| |
|
Cost |
|
|
Gains (Losses) |
|
|
Value |
|
|
Loss |
|
|
Sale |
|
| December 31, 2015 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Appalachian Mountain Brewery |
|
$ |
1,500 |
|
|
$ |
16,046 |
|
|
$ |
17,546 |
|
|
$ |
- |
|
|
$ |
- |
|
| KSIX Media Holdings, Inc. |
|
|
261,831 |
|
|
|
(248,055 |
) |
|
|
13,776 |
|
|
|
- |
|
|
|
- |
|
| |
|
$ |
263,331 |
|
|
$ |
(232,009 |
) |
|
$ |
31,322 |
|
|
$ |
- |
|
|
$ |
- |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| December 31, 2014 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Appalachian Mountain Brewery |
|
$ |
1,500 |
|
|
$ |
23,300 |
|
|
$ |
24,800 |
|
|
$ |
- |
|
|
$ |
46,292 |
|
| KSIX Media Holdings, Inc. |
|
|
261,831 |
|
|
|
(251,269 |
) |
|
|
10,562 |
|
|
|
- |
|
|
|
- |
|
| |
|
$ |
263,331 |
|
|
$ |
(227,969 |
) |
|
$ |
35,362 |
|
|
$ |
- |
|
|
$ |
46,292 |
|
|
| Schedule of Investments at Fair Value |
| |
|
2015 |
|
|
2014 |
|
| |
|
|
|
|
|
|
| Available-for-sale investments at fair value |
|
$ |
31,322 |
|
|
$ |
35,362 |
|
| Total |
|
$ |
31,322 |
|
|
$ |
35,362 |
|
|
| Schedule of Available for Sale Securities |
Activity in our
available-for-sale securities may be summarized as follows:
| |
|
2015 |
|
|
2014 |
|
| |
|
|
|
|
|
|
| Cost |
|
$ |
263,331 |
|
|
$ |
263,331 |
|
| Unrealized loss |
|
|
(232,009 |
) |
|
|
(227,969 |
) |
| Total |
|
$ |
31,322 |
|
|
$ |
35,362 |
|
|
| Schedule of Investments at Cost |
Investments at
cost consist of the following at December 31, 2015 and 2014:
| |
|
2015 |
|
|
2014 |
|
| |
|
|
|
|
|
|
| Chanticleer Investors, LLC |
|
$ |
800,000 |
|
|
$ |
800,000 |
|
| Beachers Madhouse |
|
|
- |
|
|
|
500,000 |
|
| Edison Nation LLC (FKA Bouncing Brain Productions) |
|
|
250,000 |
|
|
|
250,000 |
|
| |
|
$ |
1,050,000 |
|
|
$ |
1,550,000 |
|
|
| Summary of Activity in Investments Accounted for Using Cost Method |
A summary of the
activity in investments accounted for using the cost method follows.
| |
|
2015 |
|
|
2014 |
|
| |
|
|
|
|
|
|
| Investments at cost: |
|
|
|
|
|
|
|
|
| Balance, beginning of year |
|
$ |
1,550,000 |
|
|
$ |
1,550,000 |
|
| Impairment |
|
|
- |
|
|
|
- |
|
| New investments |
|
|
- |
|
|
|
- |
|
| Sales |
|
|
(500,000 |
) |
|
|
- |
|
| Total |
|
$ |
1,050,000 |
|
|
$ |
1,550,000 |
|
|
| Schedule of Investments Accounted for Using Equity Method |
Activity in investments
accounted for using the equity method is summarized as follows:
| |
|
2014 |
|
| |
|
|
|
| Balance, beginning of year |
|
$ |
941,963 |
|
| Equity in loss |
|
|
(40,694 |
) |
| New investments |
|
|
100,000 |
|
| Reclassification of investments |
|
|
(1,001,269 |
) |
| Balance, end of year |
|
$ |
- |
|
|