Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

v3.7.0.1
Consolidated Balance Sheets - USD ($)
Dec. 31, 2016
Dec. 31, 2015
Current assets:    
Cash $ 268,575 $ 1,224,415
Accounts and other receivables 524,481 862,935
Inventories 539,550 569,545
Prepaid expenses and other current assets 461,074 568,251
Assets of discontinued operations, current 593,430
TOTAL CURRENT ASSETS 1,793,680 3,818,576
Property and equipment, net 11,513,693 12,144,064
Goodwill 12,405,770 12,702,139
Intangible assets, net 6,530,243 6,776,936
Investments 800,000 800,000
Deposits and other assets 442,737 574,192
Assets of discontinued operations 5,389,300
TOTAL ASSETS 33,486,123 42,205,207
Current liabilities:    
Accounts payable and accrued expenses 5,553,068 4,740,131
Current maturities of long-term debt and notes payable, net of discount of of $0 and $171,868, respectively 6,171,649 5,383,003
Current maturities of convertible notes payable, net of debt discount of $0 and $914,724, respectively 2,810,276
Current maturities of capital leases payable 18,449 39,303
Due to related parties 194,350 12,963
Deferred rent 173,775 683,793
Derivative liabilities 1,231,608
Liabilities of discontinued operations, current 1,279,955
TOTAL CURRENT LIABILITIES 12,111,291 16,181,032
Long-term debt, less current portion 287,445 1,098,641
Convertible notes payable, net of debt discount of $46,936 and $0, respectively 3,678,064
Redeemable preferred stock: no par value, 19,050 shares and 0 issued and outstanding, respectively 257,175
Capital leases payable, less current maturities 15,969
Deferred rent 1,961,751 1,740,012
Liabilities of discontinued operations 58,648
Deferred tax liabilities 1,485,554 1,353,771
TOTAL LIABILITIES 19,781,280 20,448,073
Commitments and contingencies (Note 15)
Common stock subject to repurchase obligation, 562,900 shares issued and outstanding 349,000
Stockholders' equity:    
Preferred stock: no par value; authorized 5,000,000 shares; 19,050 and 0 issued and outstanding, respectively
Common stock: $0.0001 par value; authorized 45,000,000 shares; issued and outstanding 21,394,247 and 21,337,247 shares, respectively 2,140 2,134
Additional paid in capital 55,924,269 55,365,597
Accumulated other comprehensive loss (1,155,658) (987,695)
Accumulated deficit (42,206,325) (33,012,712)
Total Chanticleer Holdings, Inc, Stockholder's Equity 12,564,426 21,367,324
Non-Controlling Interests 791,417 389,810
TOTAL STOCKHOLDERS' EQUITY 13,704,843 21,757,134
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 33,486,123 $ 42,205,207