Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v3.8.0.1
Condensed Consolidated Balance Sheets - USD ($)
Sep. 30, 2017
Dec. 31, 2016
Current assets:    
Cash $ 295,462 $ 268,575
Restricted cash 250,861
Accounts and other receivables 275,205 524,481
Inventories 463,866 539,550
Prepaid expenses and other current assets 333,593 461,074
Assets held for sale, net 725,644
TOTAL CURRENT ASSETS 2,344,631 1,793,680
Property and equipment, net 9,006,200 11,513,693
Goodwill 12,603,545 12,405,770
Intangible assets, net 6,310,949 6,530,243
Investments 800,000 800,000
Deposits and other assets 499,264 442,737
TOTAL ASSETS 31,564,589 33,486,123
Current liabilities:    
Accounts payable and accrued expenses 5,384,918 5,553,068
Current maturities of long-term debt and notes payable 771,032 6,171,649
Current maturities of capital leases payable 4,210 18,449
Due to related parties 194,350 194,350
Deferred rent 89,571 173,775
TOTAL CURRENT LIABILITIES 6,444,081 12,111,291
Long-term debt, less current portion, net of discount and deferred financing costs of $1,466,739 and $0, respectively 5,142,343 287,445
Convertible notes payable, net of debt discount (premium) of ($14,704) and $46,936, respectively 3,214,704 3,678,064
Redeemable preferred stock: no par value, 62,876 and 19,050 shares issued and outstanding, net of discount of $226,089 and $0, respectively 631,433 257,175
Deferred rent 2,006,715 1,961,751
Deferred tax liabilities 1,591,284 1,485,554
TOTAL LIABILITIES 19,030,560 19,781,280
Commitments and contingencies
Common stock subject to repurchase obligation; 0 and 56,290 shares issued and outstanding, respectively 349,000
Stockholders' equity:    
Preferred stock: no par value; authorized 5,000,000 shares; 62,876 and 19,050 issued issued and outstanding, respectively
Common stock: $0.0001 par value; authorized 45,000,000 shares; issued and outstanding 2,514,157 and 2,139,424 shares, respectively 251 213
Additional paid in capital 59,506,252 55,926,196
Accumulated other comprehensive loss (934,703) (1,155,658)
Accumulated deficit (46,942,691) (42,206,325)
Total Chanticleer Holdings, Inc, Stockholder's Equity 11,629,109 12,564,426
Non-Controlling Interests 904,920 791,417
TOTAL STOCKHOLDERS' EQUITY 12,534,029 13,355,843
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 31,564,589 $ 33,486,123