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INVESTMENTS (Tables)
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3 Months Ended |
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Mar. 31, 2014
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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 MARCH 31, 2014 AND DECEMBER 31, 2013.
| | | March 31, | | December 31, | | | | | 2014 | | 2013 | | | Available-for-sale investments at fair value | | $ | 43,394 | | $ | 55,112 | | | Total | | $ | 43,394 | | $ | 55,112 | |
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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: | | | March 31, | | December 31, | | | | | 2014 | | 2013 | | | Cost at beginning and end of periods | | $ | 263,331 | | $ | 263,331 | | | Unrealized loss | | | (219,937) | | | (208,219) | | | Total | | $ | 43,394 | | $ | 55,112 | |
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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 | | Losses | | Value | | Loss | | Sale | | | March 31, 2014 | | | | | | | | | | | | | | | | | | Appalachian Mountain Brewery | | | 1,500 | | | 31,332 | | | 32,832 | | | - | | | - | | | 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 | | $ | (219,937) | | $ | 43,394 | | $ | - | | $ | - | | | | | | | | | | | | | | | | | | | | | 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 | | $ | - | | $ | - | |
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| Schedule of Other Investments Not Readily Marketable [Table Text Block] |
OTHER INVESTMENTS ARE SUMMARIZED AS FOLLOWS AT MARCH 31, 2014 AND DECEMBER 31, 2013.
| | | March 31, | | December 31, | | | | | 2014 | | 2013 | | | Investments accounted for under the equity method | | $ | 1,001,269 | | $ | 941,963 | | | Investments accounted for under the cost method | | | 1,550,000 | | | 1,550,000 | | | Total | | $ | 2,551,269 | | $ | 2,491,963 | |
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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: | | | Three Months | | Year Ended | | | | | Ended March 31, | | December 31, | | | | | 2014 | | 2013 | | | | | | | | | | | | Balance, beginning of year | | $ | 941,963 | | $ | 1,066,915 | | | Equity in losses | | | (40,694) | | | (125,017) | | | New investments | | | 100,000 | | | 100,000 | | | Return of capital | | | - | | | (99,935) | | | Balance, end of period | | $ | 1,001,269 | | $ | 941,963 | |
Equity investments consist of the following at March 31, 2014 and December 31, 2013: | | | March 31, | | December 31, | | | | | 2014 | | 2013 | | | Carrying value: | | | | | | | | | Hoot Campbelltown Pty. Ltd. (49%) - Australia | | $ | 550,782 | | $ | 483,603 | | | Second Hooters location (49%) - Australia | | | 358,833 | | | 384,605 | | | Third Hooters location (49%) - Australia | | | 91,654 | | | 73,755 | | | | | $ | 1,001,269 | | $ | 941,963 | |
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| Schedule Of Equity Earnings (Loss) and Distributions [Table Text Block] |
Equity in losses from equity investments during the three months ended March 31, 2014 and 2013 follows: | | | Three months ended March 31, | | | | | 2014 | | 2013 | | | Equity in losses: | | | | | | | | | Australia locations (49%) | | | (40,694) | | | (14,247) | | | | | $ | (40,694) | | $ | (14,247) | |
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| Schedule Of Equity Method Investment, Summarized Financial Information, Income Statement [Table Text Block] |
The summarized financial data below includes the Hoot Campbelltown location in Australia, which we owned 49% of at March 31, 2014 and 2013 and the two Hooters locations under construction which we own 49% of at March 31, 2014 and have incurred certain pre-opening costs. Subsequent to the end of the fiscal quarter, we increased our ownership of the Campbelltown location and the two other Hooters locations under construction in Australia to 60% each.: | | | Three months ended March 31, | | | | | 2014 | | 2013 | | | Revenue | | $ | 501,835 | | $ | 634,574 | | | Gross profit | | | 354,360 | | | 444,896 | | | Recurring expenses | | | 370,321 | | | 473,972 | | | Pre-opening costs | | | 67,086 | | | - | | | Loss from continuing operations | | | (83,047) | | | (29,076) | | | Net loss | | | (83,047) | | | (29,076) | |
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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 March 31, 2014 and December 31, 2013 follows: | | | March 31, | | December 31, | | | | | 2014 | | 2013 | | | ASSETS | | | | | | | | | Current assets | | $ | 380,913 | | $ | 362,085 | | | Non-current assets | | | 3,302,545 | | | 3,089,230 | | | TOTAL ASSETS | | $ | 3,683,458 | | $ | 3,451,315 | | | LIABILITIES | | | | | | | | | Current liabilities | | $ | 879,637 | | $ | 972,885 | | | PARTNER'S EQUITY | | | 2,803,821 | | | 2,478,430 | | | TOTAL LIABILITIES AND PARTNERS' EQUITY | | $ | 3,683,458 | | $ | 3,451,315 | |
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| Investment [Table Text Block] |
A summary of the activity in investments accounted for using the cost method follows. | | | March 31, | | December 31, | | | | | 2014 | | 2013 | | | Investments at cost: | | | | | | | | | Balance, beginning of year | | $ | 1,550,000 | | $ | 1,050,000 | | | New investments | | | - | | | 500,000 | | | Total | | $ | 1,550,000 | | $ | 1,550,000 | |
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| Schedule of Cost Method Investments [Table Text Block] |
Investments at cost consist of the following at March 31, 2014 and December 31, 2013: | | | March 31, | | December 31, | | | | | 2014 | | 2013 | | | | | | | | | | | | Chanticleer Investors, LLC | | $ | 800,000 | | $ | 800,000 | | | Edison Nation LLC (FKA Bouncing Brain Productions) | | | 250,000 | | | 250,000 | | | Beacher's Madhouse | | | 500,000 | | | 500,000 | | | | | $ | 1,550,000 | | $ | 1,550,000 | |
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