Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Operations

v3.19.1
Consolidated Statements of Operations - USD ($)
 12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Revenue:    
Total revenue $ 40,613,709 $ 41,432,863
Expenses:    
Restaurant cost of sales 13,288,422 13,692,921
Restaurant operating expenses 23,565,526 23,432,124
Restaurant pre-opening and closing expenses 412,979 319,282
General and administrative expenses 4,578,788 4,545,496
Asset impairment charge 1,959,510 2,395,616
Depreciation and amortization 2,163,585 2,282,801
Total expenses 45,968,810 46,668,240
Operating loss (5,355,101) (5,235,377)
Other (expense) income    
Interest expense (2,527,464) (2,592,961)
Loss on debt refinancing (95,310)
Other income (expense) (17,926) 112,984
Total other expense (2,545,390) (2,575,287)
Loss before income taxes (7,900,491) (7,810,664)
Income tax benefit 701,224 644,429
Consolidated net loss (7,199,267) (7,166,235)
Less: Net loss attributable to non-controlling interests 344,847 371,464
Net loss attributable to Chanticleer Holdings, Inc. (6,854,420) (6,794,771)
Dividends on redeemable preferred stock (118,604) (108,206)
Net loss attributable to common shareholders of Chanticleer Holdings, Inc. $ (6,973,024) $ (6,902,977)
Net loss attributable to Chanticleer Holdings, Inc. per common share, basic and diluted: $ (1.98) $ (2.73)
Weighted average shares outstanding, basic and diluted 3,520,125 2,525,037
Restaurant Sales, Net [Member]    
Revenue:    
Total revenue $ 39,665,763 $ 40,495,166
Gaming Income, Net [Member]    
Revenue:    
Total revenue 402,611 442,521
Management Fee Income [Member]    
Revenue:    
Total revenue 100,000 100,000
Franchise Income [Member]    
Revenue:    
Total revenue $ 445,335 $ 395,176