Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v3.7.0.1
Condensed Consolidated Balance Sheets - USD ($)
Mar. 31, 2017
Dec. 31, 2016
Current assets:    
Cash $ 277,820 $ 268,575
Accounts and other receivables 349,003 524,481
Inventories 520,024 539,550
Prepaid expenses and other current assets 424,231 461,074
TOTAL CURRENT ASSETS 1,571,078 1,793,680
Property and equipment, net 11,498,775 11,513,693
Goodwill 12,438,151 12,405,770
Intangible assets, net 6,441,840 6,530,243
Investments 800,000 800,000
Deposits and other assets 465,525 442,737
TOTAL ASSETS 33,215,370 33,486,123
Current liabilities:    
Accounts payable and accrued expenses 5,265,366 5,553,068
Current maturities of long-term debt and notes payable, 784,628 6,171,649
Current maturities of capital leases payable 14,952 18,449
Due to related parties 194,350 194,350
Deferred rent 100,260 173,775
TOTAL CURRENT LIABILITIES 6,359,556 12,111,291
Long-term debt, less current portion 6,013,791 287,445
Convertible notes payable, net of debt discount of $0 and $46,936, respectively 3,374,022 3,678,064
Redeemable preferred stock: no par value, 62,876 and 19,050 issued and outstanding, net of discount of $173,666 and $0, respectively 589,314 257,175
Deferred rent 2,051,057 1,961,751
Deferred tax liabilities 1,485,554 1,485,554
TOTAL LIABILITIES 19,873,294 19,781,280
Common stock subject to repurchase obligation; 562,900 shares issued and outstanding 349,000 349,000
Stockholders' equity:    
Preferred stock: no par value; authorized 5,000,000 shares; 62,876 and 19,050 shares issued issued and outstanding, respectively
Common stock: $0.0001 par value; authorized 45,000,000 shares; issued and outstanding 22,149,108 and 21,337,247 shares, respectively 2,215 2,140
Additional paid in capital 57,099,151 55,924,269
Accumulated other comprehensive loss (1,108,828) (1,155,658)
Accumulated deficit (43,957,536) (42,206,325)
Total Chanticleer Holdings, Inc, Stockholder's Equity 12,035,002 12,564,426
Non-Controlling Interests 958,074 791,417
TOTAL STOCKHOLDERS' EQUITY 12,993,076 13,355,843
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 33,215,370 $ 33,486,123