Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows

v2.4.0.8
Condensed Consolidated Statements of Cash Flows (USD $)
 6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Cash flows from operating activities:    
Net loss $ (2,990,902) $ (1,497,536)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 777,375 244,100
Equity in losses of investments 40,694 33,053
Common stock issued for services 330,757 7,720
Amortization of debt discount 582,617 0
Derivative liability adjustment (704,200) 0
Decrease in deferred tax liability (64,683) 0
Amortization of warrants 44,750 85,879
Gain on debt extinguishment 0 (70,900)
Changes in operating assets and liabilities:    
Decrease in accounts and other receivables 76,323 40,902
Decrease (increase) in prepaid expenses and other assets 437,228 (38,411)
Decrease in inventory 100,730 57,796
Increase in accounts payable and accrued expenses 449,993 1,687
Increase in deferred rent 12,693 10,262
Advance from related parties for working capital 0 (19,525)
Net cash used in operating activities (906,625) (1,144,973)
Cash flows from investing activities:    
Franchise costs 0 (75,000)
Cash acquired in acquisitions 27,527 0
Restricted cash 0 (2,750,000)
Repayments of investments 0 95,815
Purchase of property and equipment (1,629,359) (44,186)
Net cash used in investing activities (1,601,832) (2,773,371)
Cash flows from financing activities:    
Loan proceeds, net 1,458,308 342,000
Advances from investors and partners 681,801 2,750,000
Decrease in other liabilities 0 (265,932)
Proceeds from common stock issuances 200,000 0
Subsidiary capital received 33,500 0
Capital lease payments (85,633) (25,541)
Net cash provided by financing activities 2,287,976 2,800,527
Effect of exchange rate changes on cash 51,165 54,564
Net change in cash (169,316) (1,063,253)
Cash, beginning of period 442,694 1,223,803
Cash, end of period 273,378 160,550
Supplemental cash flow information:    
Interest 63,503 29,606
Income taxes 1,776 0
Purchases of businesses:    
Current assets excluding cash and cash equivalents 579,191 0
Property and equipment 6,056,800 0
Goodwill 2,671,649 0
Trade name/trademarks/franchise fees 338,804 0
Deposits and other assets 115,839 0
Liabilities assumed (2,788,756) 0
Non-controlling interest (993,999)  
Chanticleer equity (1,028,749)  
Common stock and warrants issued (4,978,306) 0
Cash received in excess of cash paid in acquisition $ 27,527 $ 0