Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Operations

v3.8.0.1
Consolidated Statements of Operations - USD ($)
 12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Revenue:    
Restaurant sales, net $ 40,495,166 $ 40,640,159
Gaming income, net 442,521 441,620
Management fee income 100,000 100,000
Franchise income 395,176 520,222
Total revenue 41,432,863 41,702,001
Expenses:    
Restaurant cost of sales 13,692,921 13,392,078
Restaurant operating expenses 23,432,124 22,641,951
Restaurant pre-opening and closing expenses 319,282 145,130
General and administrative expenses 4,545,496 5,801,033
Asset impairment charges 2,395,616
Depreciation and amortization 2,282,801 2,341,697
Total expenses 46,668,240 44,321,889
Operating loss from continuing operations (5,235,377) (2,619,888)
Other (expense) income    
Interest expense (2,592,961) (2,347,019)
Change in fair value of derivative liabilities 1,231,608
Loss on debt refinancing (95,310)
Other income (expense) 112,984 (412,272)
Total other expense (2,575,287) (1,527,683)
Loss from continuing operations before income taxes (7,810,664) (4,147,571)
Income tax benefit (expense) 644,429 (198,463)
Loss from continuing operations (7,166,235) (4,346,034)
Discontinued operations    
Loss from discontinued operations, net of tax (1,304,627)
Loss on write down of net assets (3,762,253)
Consolidated net loss (7,166,235) (9,412,914)
Less net loss attributable to non-controlling interest: Continuing operations 371,464 75,417
Less net loss attributable to non-controlling interest: Discontinued operations 260,925
Net loss attributable to Chanticleer Holdings, Inc. (6,794,771) (9,076,572)
Net loss attributable to Chanticleer Holdings, Inc.:    
Loss from continuing operations (6,794,771) (4,270,617)
Loss from discontinued operations (4,805,955)
Net loss attributable to Chanticleer Holdings, Inc. (6,794,771) (9,076,572)
Dividends on redeemable preferred stock (108,206)
Net loss attributable to common shareholders of Chanticleer Holdings, Inc. $ (6,902,977) $ (9,076,572)
Net loss attributable to Chanticleer Holdings, Inc. per common share, basic and diluted: $ (2.73) $ (4.18)
Continuing operations attributable to common stockholders, basic and diluted (2.73) (1.97)
Discontinued operations attributable to common stockholders, basic and diluted $ (2.22)
Weighted average shares outstanding, basic and diluted 2,525,037 2,169,503