Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows (Unaudited)

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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Cash flows from operating activities:    
Net loss $ (5,557,183) $ (2,990,902)
Less net loss attributable to non-controlling interest 342,968 129,528
Net loss attributable to Chanticleer Holdings, Inc (5,214,215) (2,861,374)
Net (income) loss from discontinued operations (189) 104,973
Net loss from continuing operations (5,214,404) (2,756,401)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization $ 846,948 777,375
Equity in losses of investments   $ 40,694
Loss on disposal of property and equipment $ 472,770  
Common stock and warrants issued for services 186,830 $ 330,757
Amortization of debt discount 1,592,414 582,617
Amortization of warrants 22,375 44,750
Change in fair value of derivative liabilities (570,907) $ (704,200)
(Decrease) in amounts payable to affiliate (681,855)  
(Increase) decrease in accounts and other receivables (84,668) $ 76,323
Decrease in prepaid expenses and other assets 10,955 437,228
Decrease in inventory 57,813 100,730
Increase in accounts payable and accrued expenses 1,057,729 449,993
Decrease (increase) in deferred rent (309,868) 12,693
Decrease in deferred income taxes (68,664) (64,683)
Net cash used in operating activities from continuing operations (2,682,532) (672,124)
Net cash used in operating activities from discontinued operations (4,500) (250,102)
Net cash used in operating activities (2,687,032) (922,226)
Cash flows from investing activities:    
Purchase of property and equipment (872,246) (1,629,359)
Cash paid for acquisitions, net of cash acquired (4,265,429) 27,527
Net cash used in investing activities from continuing operations (5,137,675) (1,601,832)
Cash flows from financing activities:    
Proceeds from sale of common stock and warrants 8,961,213 200,000
Loan proceeds 2,204,369 $ 1,458,308
Loan repayments $ (760,138)  
Advances from investors and partners   $ 681,801
Subsidiary capital received   33,500
Capital lease payments $ (27,405) (85,633)
Net cash provided by financing activities from continuing operations 10,378,039 2,287,976
Effect of exchange rate changes on cash 9,021 51,165
Net increase (decrease) in cash 2,562,353 (184,917)
Cash, beginning of period 245,828 442,694
Cash, end of period 2,808,181 257,777
Cash paid for interest and income taxes:    
Interest $ 563,771 63,503
Income taxes   $ 1,776
Non-cash investing and financing activities:    
Purchase of equipment using capital leases $ 50,087  
Issuance of stock in connection with business combinations 1,000,000  
Debt discount for fair value of warrants and conversion feature issued in connection with debt 1,233,908  
Reclassification of derivative liability to equity 306,001  
Convertible debt settled through issuance of common stock 1,750,000  
Long-term debt settled through issuance of common stock 100,000  
Purchases of businesses:    
Current assets excluding cash 296,104 $ 579,191
Property and equipment 2,164,023 6,056,800
Goodwill 663,037 2,650,492
Trade name/trademarks/franchise fees $ 2,750,000 338,804
Deposits and other assets   115,839
Liabilities assumed $ (607,735) (2,788,756)
Non-controlling interest   (993,999)
Chanticleer equity   (1,028,749)
Common stock issued $ (1,000,000) $ (4,978,306)
Cash paid (4,276,429)  
Cash received in excess of cash paid in acquisition $ 11,000 $ 27,527