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 $)
 9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Cash flows from operating activities:    
Net loss $ (3,481,133) $ (2,952,363)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:    
Depreciation and amortization 1,243,195 373,226
Equity in losses of investments 40,694 46,184
Common stock issued for services 354,617 124,720
Amortization of debt discount 930,392 316,867
Derivative liability adjustment (925,200) 75,900
Decrease in deferred tax liability (97,025) 0
Increase in deferred rent 3,431 14,670
Amortization of warrants 152,325 272,529
Gain on debt extinguishment 0 (70,900)
Changes in operating assets and liabilities:    
(Increase) decrease in accounts and other receivables (244,553) 46,427
Decrease in prepaid expenses and other assets (107,161) (108,942)
Decrease in inventory 33,845 86,496
Increase in accounts payable and accrued expenses 3,215,111 93,397
Advance from related parties for working capital 0 52
Net cash provided by (used in) operating activities 1,118,538 (1,681,737)
Cash flows from investing activities:    
Franchise costs 0 (75,000)
Cash acquired in acquisitions 27,527 53,684
Restricted cash 0 (3,000,000)
Repayments of investments 0 98,434
Purchase of property and equipment (3,569,775) (86,919)
Net cash used in investing activities (3,542,248) (3,009,801)
Cash flows from financing activities:    
Loan proceeds 1,458,308 3,342,000
Advances from investors and partners 0 575,000
Decrease in other liabilities 0 (270,646)
Proceeds from common stock issuances 835,000 0
Subsidiary capital received 33,500 0
Capital lease and loan payments (142,906) (36,821)
Net cash provided by financing activities 2,183,902 3,609,533
Effect of exchange rate changes on cash 119,884 71,431
Net change in cash (119,924) (1,010,574)
Cash, beginning of period 442,694 1,223,803
Cash, end of period 322,770 213,229
Supplemental cash flow information:    
Interest 63,503 43,920
Income taxes 1,776 0
Non-cash investing and financing activities:    
Purchase of equipment using capital leases 0 53,943
Purchases of businesses:    
Current assets excluding cash and cash equivalents 636,894 274,211
Property and equipment 7,945,152 2,948,102
Goodwill 11,930,766 1,653,016
Trade name/trademarks/franchise fees 559,304 1,784,443
Deposits and other assets 136,025 98,035
Liabilities assumed (4,286,392) (1,490,288)
Non-controlling interest (4,753,288) 0
Chanticleer equity (6,917,682) 0
Common stock and warrants issued (5,278,306) (5,321,203)
Cash received in excess of cash paid in acquisition $ 27,527 $ 53,684