Sonnet BioTherapeutics, Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

INVESTMENTS (Details 5)

INVESTMENTS (Details 5) (USD $)	3 Months Ended		6 Months Ended		12 Months Ended
INVESTMENTS (Details 5) (USD $)	Jun. 30, 2012	Jun. 30, 2011	Jun. 30, 2012	Jun. 30, 2011	Dec. 31, 2011
Equity in earnings (loss):
Equity in earnings (losses) of investments	$ (33,348)	$ 6,461	$ (43,886)	$ 11,564	$ (76,113)
Distributions:
Distributions received	0	1,689	0	6,228	(8,141)
Hoot S.A. Total [Member]
Equity in earnings (loss):
Equity in earnings (losses) of investments			0		5,103
Hoot Campbelltown Pty Ltd [Member]
Equity in earnings (loss):
Equity in earnings (losses) of investments	(33,348)	0	(43,886)	0	0
South African Restaurants [Member]
Equity in earnings (loss):
Equity in earnings (losses) of investments	0	6,461	0	11,564	5,103
Distributions:
Distributions received			0		4,539
Hoot S.A.One, LLC [Member]
Distributions:
Distributions received	0	1,689	0	4,335	2,646
Hoot S.A. Two, LLC [Member]
Distributions:
Distributions received	$ 0	$ 0	$ 0	$ 1,893	$ 1,893

- Definition

This item represents disclosure of the amount of dividends or other distributions received from unconsolidated subsidiaries, certain corporate joint ventures, and certain noncontrolled corporation; these investments are accounted for under the equity method of accounting. This element excludes distributions that constitute a return of investment, which are classified as investing activities.

+ References + Details

- Definition

This item represents the entity's proportionate share for the period of the net income (loss) of its investee (such as unconsolidated subsidiaries and joint ventures) to which the equity method of accounting is applied. This item includes income or expense related to stock-based compensation based on the investor's grant of stock to employees of an equity method investee.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

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Reference 5: http://www.xbrl.org/2003/role/presentationRef

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Reference 8: http://www.xbrl.org/2003/role/presentationRef

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+ Details