Quarterly report pursuant to Section 13 or 15(d)

SUBSEQUENT EVENTS

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SUBSEQUENT EVENTS
6 Months Ended
Jun. 30, 2012
Subsequent Events [Abstract]  
Subsequent Events [Text Block]
15. SUBSEQUENT EVENTS

 

INCREASE IN INVESTMENT IN CHANTICLEER INVESTORS, LLC

 

On July 12, 2012, the Company purchased one of Chanticleer Investors, LLC partners’ interest of $300,000, at cost, which represented 8.45% of Chanticleer Investors, LLC total investment in HOA of $3,550,000, which represents approximately 3% of HOA. This transaction increased our ownership percentage in Investors LLC from 14.1% to 22.5%.