Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Operations (Unaudited)

v3.7.0.1
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
 3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Revenue:    
Restaurant sales, net $ 9,653,154 $ 9,804,690
Gaming income, net 106,067 99,534
Management fee income 24,990 25,000
Franchise income 75,786 182,552
Total revenue 9,859,997 10,111,776
Expenses:    
Restaurant cost of sales 3,191,390 3,249,970
Restaurant operating expenses 5,674,560 5,515,013
Restaurant pre-opening and closing expenses 14,435 7,555
General and administrative expenses 1,375,620 1,674,880
Depreciation and amortization 593,380 570,440
Total expenses 10,849,385 11,017,859
Operating loss from continuing operations (989,388) (906,083)
Other (expense) income    
Interest expense (404,136) (600,926)
Change in fair value of derivative liabilities 615,662
Loss on extinguishment of debt (362,822)
Other income 12,234 7,736
Total other (expense) income (754,724) 22,472
Loss from continuing operations before income taxes (1,744,112) (883,611)
Income tax expense (3,797) (33,987)
Loss from continuing operations (1,747,909) (917,598)
Discontinued operations    
Loss from discontinued operations, net of tax (679,381)
Consolidated net loss (1,747,909) (1,596,979)
Less: Net loss attributable to non-controlling interest of continuing operations 20,843 171,616
Net loss attributable to Chanticleer Holdings, Inc. (1,727,066) (1,425,363)
Net loss attributable to Chanticleer Holdings, Inc.:    
Dividends on redeemable preferred stock (24,147)
Net loss attributable to common shareholders of Chanticleer Holdings, Inc. $ (1,751,213) $ (1,425,363)
Net loss attributable to Chanticleer Holdings, Inc. per common share, basic and diluted: $ (0.08) $ (0.07)
Weighted average shares outstanding, basic and diluted 22,106,236 21,337,247