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INVESTMENTS (Tables)
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12 Months Ended |
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Dec. 31, 2013
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| Investments, Debt and Equity Securities [Abstract] |
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| Fair Value, by Balance Sheet Grouping [Table Text Block] |
INVESTMENTS AT FAIR VALUE CONSIST OF THE FOLLOWING AT DECEMBER 31, 2013 AND 2012.
| | | 2013 | | 2012 | | | | | | | | | | | | Available-for-sale investments at fair value | | $ | 55,112 | | $ | 56,949 | | | Total | | $ | 55,112 | | $ | 56,949 | |
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| Available-For-Sale Securities Activity [Table Text Block] |
AVAILABLE-FOR-SALE SECURITIES Activity in our available-for-sale securities may be summarized as follows: | | | 2012 | | 2011 | | | | | | | | | | | | Cost | | $ | 263,331 | | $ | 263,331 | | | Unrealized loss | | | (208,219) | | | (206,382) | | | Total | | $ | 55,112 | | $ | 56,949 | |
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| Available-for-sale Securities [Table Text Block] |
Our available-for-sale securities consist of the following: | | | | | | Unrecognized | | | | | Realized | | Loss | | | | | | | | Holding | | Fair | | Holding | | on | | | | | Cost | | Gains (Losses) | | Value | | Loss | | Sale | | | December 31, 2013 | | | | | | | | | | | | | | | | | | Appalachian Mountain Brewery | | | 1,500 | | | 43,050 | | | 44,550 | | | - | | | - | | | North American Energy | | | 126,000 | | | (123,200) | | | 2,800 | | | - | | | - | | | North American Energy | | | 10,500 | | | (9,900) | | | 600 | | | - | | | - | | | North American Energy | | | 125,331 | | | (118,169) | | | 7,162 | | | - | | | - | | | | | $ | 263,331 | | $ | (208,219) | | $ | 55,112 | | $ | - | | $ | - | | | | | | | | | | | | | | | | | | | | | December 31, 2012 | | | | | | | | | | | | | | | | | | Appalachian Mountain Brewery | | | 1,500 | | | - | | | 1,500 | | | - | | | - | | | North American Energy | | | 126,000 | | | (111,300) | | | 14,700 | | | - | | | - | | | North American Energy | | | 10,500 | | | (7,350) | | | 3,150 | | | - | | | - | | | North American Energy | | | 125,331 | | | (87,732) | | | 37,599 | | | - | | | - | | | | | $ | 263,331 | | $ | (206,382) | | $ | 56,949 | | $ | - | | $ | - | |
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| Schedule of Other Investments Not Readily Marketable [Table Text Block] |
OTHER INVESTMENTS ARE SUMMARIZED AS FOLLOWS AT DECEMBER 31, 2013 AND 2012.
| | | 2013 | | 2012 | | | | | | | | | | | | Investments accounted for under the equity method | | $ | 941,963 | | $ | 1,066,915 | | | Investments accounted for under the cost method | | | 1,550,000 | | | 1,050,000 | | | Total | | $ | 2,491,963 | | $ | 2,116,915 | |
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| Schedule of Equity Method Investments [Table Text Block] |
Activity in investments accounted for using the equity method is summarized as follows. | | | 2013 | | 2012 | | | | | | | | | | | | Balance, beginning of year | | $ | 1,066,915 | | $ | 815,550 | | | Equity in loss | | | (125,017) | | | (14,803) | | | New investments | | | 100,000 | | | 409,543 | | | Reclassification of investments | | | - | | | (143,375) | | | Return of capital | | | (99,935) | | | - | | | Balance, end of year | | $ | 941,963 | | $ | 1,066,915 | | Equity investments consist of the following at December 31, 2013 and December 31, 2012: | | | 2013 | | 2012 | | | Carrying value: | | | | | | | | | Hoot Campbelltown Pty. Ltd. (49%) - Australia | | $ | 483,603 | | $ | 555,331 | | | Second Hooters location (49%) - Australia | | | 384,605 | | | 511,584 | | | Third Hooters location (49%) - Australia | | | 73,755 | | | - | | | | | $ | 941,963 | | $ | 1,066,915 | |
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| Schedule Of Equity Earnings (Loss) and Distributions [Table Text Block] |
Equity in earnings (loss) and distributions from equity investments during the years ended December 31, 2013 and 2012 follows. | | | 2013 | | 2012 | | | Equity in earnings (loss): | | | | | | | | | Australia locations (49%) | | | (125,017) | | | (14,803) | | | | | $ | (125,017) | | $ | (14,803) | | | Return of capital: | | | | | | | | | Second Australia location return portion of investment | | | (99,934) | | | - | | | | | $ | (99,934) | | $ | - | |
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| Schedule Of Equity Method Investment, Summarized Financial Information, Income Statement [Table Text Block] |
The restaurant at the Hoot Campbelltown location opened in January 2012. Townsville and Surfer’s Paradise are under construction and expected to open in the second quarter of 2014: The condensed statements of operations for the years ended December 31, 2013 and 2012 follows: | | | 2013 | | 2012 | | | | | | | | | | | | Revenue | | $ | 2,328,015 | | $ | 3,348,928 | | | Gross profit | | | 1,643,287 | | | 2,381,245 | | | Loss from continuing operations | | | (255,136) | | | (30,208) | | | Net loss | | | (255,136) | | | (30,208) | |
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| Schedule Of Equity Method Investment, Summarized Financial Information, Balance Sheet [Table Text Block] |
The summarized balance sheets for the three locations in Australia of which we owned 49% at December 31, 2013 and December 31, 2012 follows: | | | 2013 | | 2012 | | | ASSETS | | | | | | | | | Current assets | | $ | 362,085 | | $ | 604,147 | | | Non-current assets | | | 3,089,230 | | | 2,909,276 | | | TOTAL ASSETS | | $ | 3,451,315 | | $ | 3,513,423 | | | LIABILITIES | | | | | | | | | Current liabilities | | $ | 972,885 | | $ | 1,057,911 | | | PARTNER'S EQUITY | | | 2,478,430 | | | 2,455,512 | | | TOTAL LIABILITIES AND PARTNERS' EQUITY | | $ | 3,451,315 | | $ | 3,513,423 | |
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| Investment [Table Text Block] |
A summary of the activity in investments accounted for using the cost method follows. | | | 2013 | | 2012 | | | Investments at cost: | | | | | | | | | Balance, beginning of year | | $ | 1,050,000 | | $ | 766,598 | | | Impairment | | | - | | | (16,598) | | | New investments | | | 500,000 | | | 300,000 | | | Total | | $ | 1,550,000 | | $ | 1,050,000 | |
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| Schedule of Cost Method Investments [Table Text Block] |
Investments at cost consist of the following at December 31, 2013 and 2012: | | | 2013 | | 2012 | | | | | | | | | | | | Chanticleer Investors, LLC | | $ | 800,000 | | $ | 800,000 | | | Edison Nation LLC (FKA Bouncing Brain Productions) | | | 250,000 | | | 250,000 | | | Beacher's Madhouse | | | 500,000 | | | - | | | | | $ | 1,550,000 | | $ | 1,050,000 | |
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