| Schedule of Unaudited Quarterly Results Restatement |
The table below
presents major captions of the Company’s condensed consolidated as originally reported and as adjusted. There was no impact
on the condensed consolidated statement of cash flows or on the Company’s
cash from operations for the year ended
December 31, 2017.
| |
|
Three Months Ended |
|
|
Six Months Ended |
|
|
Three Months Ended |
|
|
Nine Months Ended |
|
| |
|
As Reported |
|
|
|
|
|
As Restated |
|
|
As Reported |
|
|
|
|
|
As Restated |
|
|
As Reported |
|
|
|
|
|
As Restated |
|
|
As Reported |
|
|
|
|
|
As Restated |
|
| |
|
June 30, 2017 |
|
|
Adjustment |
|
|
June 30, 2017 |
|
|
June 30, 2017 |
|
|
Adjustment |
|
|
June 30, 2017 |
|
|
September 30, 2017 |
|
|
Adjustment |
|
|
September 30, 2017 |
|
|
September 30, 2017 |
|
|
Adjustment |
|
|
September 30, 2017 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Total revenue |
|
$ |
10,765,317 |
|
|
$ |
- |
|
|
$ |
10,765,317 |
|
|
$ |
20,625,315 |
|
|
$ |
- |
|
|
$ |
20,625,315 |
|
|
$ |
10,725,365 |
|
|
$ |
- |
|
|
$ |
10,725,365 |
|
|
$ |
31,350,678 |
|
|
$ |
- |
|
|
$ |
31,350,678 |
|
| Operating loss from continuing operations |
|
$ |
(1,081,455 |
) |
|
$ |
- |
|
|
$ |
(1,081,455 |
) |
|
$ |
(2,070,842 |
) |
|
$ |
- |
|
|
$ |
(2,070,842 |
) |
|
$ |
(1,398,442 |
) |
|
$ |
- |
|
|
$ |
(1,398,442 |
) |
|
$ |
(3,469,285 |
) |
|
$ |
- |
|
|
$ |
(3,469,285 |
) |
| Interest expense |
|
$ |
(504,706 |
) |
|
$ |
(575,000 |
) |
|
$ |
(1,079,706 |
) |
|
$ |
(908,842 |
) |
|
$ |
(575,000 |
) |
|
$ |
(1,483,842 |
) |
|
$ |
(309,538 |
) |
|
$ |
(153,333 |
) |
|
$ |
(462,871 |
) |
|
$ |
(1,218,379 |
) |
|
$ |
(728,333 |
) |
|
$ |
(1,946,712 |
) |
| Loss from continuing operations |
|
$ |
(1,428,201 |
) |
|
$ |
(575,000 |
) |
|
$ |
(2,003,201 |
) |
|
$ |
(3,176,110 |
) |
|
$ |
(575,000 |
) |
|
$ |
(3,751,110 |
) |
|
$ |
(1,726,211 |
) |
|
$ |
(153,333 |
) |
|
$ |
(1,879,544 |
) |
|
$ |
(4,902,324 |
) |
|
$ |
(728,333 |
) |
|
$ |
(5,630,657 |
) |
| Consolidated net loss |
|
$ |
(1,428,201 |
) |
|
$ |
(575,000 |
) |
|
$ |
(2,003,201 |
) |
|
$ |
(3,176,110 |
) |
|
$ |
(575,000 |
) |
|
$ |
(3,751,110 |
) |
|
$ |
(1,726,211 |
) |
|
$ |
(153,333 |
) |
|
$ |
(1,879,544 |
) |
|
$ |
(4,902,324 |
) |
|
$ |
(728,333 |
) |
|
$ |
(5,630,657 |
) |
| Net loss attributable to Chanticleer Holdings, Inc. |
|
$ |
(1,371,873 |
) |
|
$ |
(575,000 |
) |
|
$ |
(1,946,873 |
) |
|
$ |
(3,098,939 |
) |
|
$ |
(575,000 |
) |
|
$ |
(3,673,939 |
) |
|
$ |
(1,557,439 |
) |
|
$ |
(153,333 |
) |
|
$ |
(1,710,772 |
) |
|
$ |
(4,656,381 |
) |
|
$ |
(728,333 |
) |
|
$ |
(5,384,714 |
) |
| Net loss attributable to common shareholders of Chanticleer Holdings, Inc. |
|
$ |
(1,399,495 |
) |
|
$ |
(575,000 |
) |
|
$ |
(1,974,495 |
) |
|
$ |
(3,150,708 |
) |
|
$ |
(575,000 |
) |
|
$ |
(3,725,708 |
) |
|
$ |
(1,585,658 |
) |
|
$ |
(153,333 |
) |
|
$ |
(1,738,991 |
) |
|
$ |
(4,736,369 |
) |
|
$ |
(728,333 |
) |
|
$ |
(5,464,702 |
) |
| Net loss attributable to Chanticleer Holdings, Inc. per common share, basic and diluted |
|
$ |
(0.58 |
) |
|
$ |
(0.23 |
) |
|
$ |
(0.81 |
) |
|
$ |
(1.40 |
) |
|
$ |
(0.25 |
) |
|
$ |
(1.65 |
) |
|
$ |
(0.63 |
) |
|
$ |
(0.08 |
) |
|
$ |
(0.71 |
) |
|
$ |
(2.10 |
) |
|
$ |
(0.32 |
) |
|
$ |
(2.42 |
) |
| Weighted average shares outstanding, basic and diluted |
|
|
2,432,313 |
|
|
$ |
- |
|
|
$ |
2,432,313 |
|
|
|
2,257,767 |
|
|
$ |
- |
|
|
$ |
2,257,767 |
|
|
|
2,432,313 |
|
|
$ |
- |
|
|
$ |
2,432,313 |
|
|
$ |
2,258,013 |
|
|
$ |
- |
|
|
$ |
2,258,013 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Total Assets |
|
$ |
33,056,885 |
|
|
$ |
- |
|
|
$ |
33,056,885 |
|
|
$ |
33,056,885 |
|
|
$ |
- |
|
|
$ |
33,056,885 |
|
|
$ |
31,564,589 |
|
|
$ |
- |
|
|
$ |
31,564,589 |
|
|
$ |
31,564,589 |
|
|
$ |
- |
|
|
$ |
31,564,589 |
|
| Total Liabilities |
|
$ |
18,419,316 |
|
|
$ |
575,000 |
|
|
$ |
18,994,316 |
|
|
$ |
18,419,316 |
|
|
$ |
575,000 |
|
|
$ |
18,994,316 |
|
|
$ |
19,030,560 |
|
|
$ |
153,333 |
|
|
$ |
19,183,893 |
|
|
$ |
19,030,560 |
|
|
$ |
728,333 |
|
|
$ |
19,758,893 |
|
| Total Chanticleer Holdings, Inc, Stockholder's Equity |
|
$ |
13,673,324 |
|
|
$ |
(575,000 |
) |
|
$ |
13,098,324 |
|
|
$ |
13,673,324 |
|
|
$ |
(575,000 |
) |
|
$ |
13,098,324 |
|
|
$ |
11,629,109 |
|
|
$ |
(153,333 |
) |
|
$ |
11,475,776 |
|
|
$ |
11,629,109 |
|
|
$ |
(728,333 |
) |
|
$ |
10,900,776 |
|
| Total Stockholder's Equity |
|
$ |
14,637,569 |
|
|
$ |
575,000 |
|
|
$ |
15,212,569 |
|
|
$ |
14,637,569 |
|
|
$ |
575,000 |
|
|
$ |
15,212,569 |
|
|
$ |
12,534,029 |
|
|
$ |
153,333 |
|
|
$ |
12,687,362 |
|
|
$ |
12,534,029 |
|
|
$ |
728,333 |
|
|
$ |
13,262,362 |
|
| Total Liabilities and Stockholer's Equity |
|
$ |
33,056,885 |
|
|
$ |
- |
|
|
$ |
33,056,885 |
|
|
$ |
33,056,885 |
|
|
$ |
- |
|
|
$ |
33,056,885 |
|
|
$ |
31,564,589 |
|
|
$ |
- |
|
|
$ |
31,564,589 |
|
|
$ |
31,564,589 |
|
|
$ |
- |
|
|
$ |
31,564,589 |
|
|