Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Operations and Comprehensive Loss

v3.7.0.1
Consolidated Statements of Operations and Comprehensive Loss - USD ($)
 12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Revenue:    
Restaurant sales, net $ 40,640,159 $ 34,201,668
Gaming income, net 441,620 367,666
Management fee income 100,000 424,829
Franchise income 520,222 359,424
Total revenue 41,702,001 35,353,587
Expenses:    
Restaurant cost of sales 13,392,078 11,754,515
Restaurant operating expenses 22,641,951 19,677,617
Restaurant pre-opening and closing expenses 145,130 505,098
General and administrative expenses 5,801,033 6,798,642
Depreciation and amortization 2,341,697 1,697,514
Total expenses 44,321,889 40,433,386
Operating loss from continuing operations (2,619,888) (5,079,799)
Other (expense) income    
Interest expense (2,347,019) (3,466,554)
Change in fair value of derivative liabilities 1,231,608 868,592
Loss on extinguishment of debt (315,923)
Other income (expense) (412,272) 99,399
Total other (expense) income (1,527,683) (2,814,486)
Loss from continuing operations before income taxes (4,147,571) (7,894,285)
Income tax expense (198,463) (187,568)
Loss from continuing operations (4,346,034) (8,081,853)
Discontinued operations    
Loss from operation of discontinued operations, net of tax (1,304,627) (1,884,747)
Loss on write down of net assets, net of tax (3,762,253) (4,489,043)
Consolidated net loss (9,412,914) (14,455,643)
Less: Net loss (income) attributable to non-controlling interest of continuing operations 75,417 (9,088)
Less: Net loss (income) attributable to non-controlling interest of discontinued operations 260,925 2,328,206
Net loss attributable to Chanticleer Holdings, Inc. (9,076,572) (12,136,525)
Net loss attributable to Chanticleer Holdings, Inc.:    
Loss from continuing operations (4,270,617) (8,090,941)
Loss from discontinued operations (4,805,955) (4,045,584)
Net loss attributable to Chanticleer Holdings, Inc. (9,076,572) (12,136,525)
Other comprehensive loss:    
Unrealized loss on available-for-sale securities, net of tax (24,501) (4,039)
Reclassification of loss on available-for-sale securities recognized in net loss, net of tax 223,743
Foreign currency translation (271,452) (963,528)
Total other comprehensive loss (72,210) (967,567)
Comprehensive loss $ (9,148,782) $ (13,104,092)
Net loss attributable to Chanticleer Holdings, Inc. per common share, basic and diluted:    
Continuing operations attributable to common stockholders, basic and diluted $ (0.20) $ (0.57)
Discontinued operations attributable to common stockholders, basic and diluted $ (0.22) $ (0.28)
Weighted average shares outstanding, basic and diluted 21,695,030 14,245,437