Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Operations and Comprehensive Loss

v3.3.1.900
Consolidated Statements of Operations and Comprehensive Loss - USD ($)
 12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Revenue:    
Restaurant sales, net $ 41,010,680 $ 28,745,258
Gaming income, net 472,752 432,688
Management fee income - non-affiliates 553,953 $ 665,488
Franchise income 359,424
Total revenue 42,396,809 $ 29,843,434
Expenses:    
Restaurant cost of sales 14,036,165 9,934,532
Restaurant operating expenses 24,815,221 17,363,743
Restaurant pre-opening and closing expenses 763,948 524,739
General and administrative expenses 7,415,381 $ 5,976,870
Asset impairment charge 4,489,043
Depreciation and amortization 2,364,967 $ 1,587,858
Total expenses 53,884,725 35,387,742
Loss from continuing operations (11,487,916) (5,544,308)
Other (expense) income    
Interest expense (3,470,451) (2,280,921)
Change in fair value of derivative liabilities 868,592 $ 1,227,600
Loss on extinguishment of debt (315,923)
Realized (loss) gains on securities $ (169,369) $ 101,472
Equity in losses of investments (40,694)
Other income (expense) $ 253,642 334,477
Total other (expense) income (2,833,509) (658,066)
Loss from continuing operations before income taxes (14,321,425) (6,202,374)
Income tax benefit (expense) (187,568) 476,501
Loss from continuing operations (14,508,993) (5,725,873)
Gain (loss) from discontinued operations, net of taxes 53,350 (920,960)
Consolidated net loss (14,455,643) (6,646,833)
Less: Net loss attributable to non-controlling interest 2,319,117 243,462
Net loss attributable to Chanticleer Holdings, Inc. (12,136,526) (6,403,371)
Net loss attributable to Chanticleer Holdings, Inc.:    
Loss from continuing operations (12,189,876) (5,482,411)
Gain (loss) from discontinued operations 53,350 (920,960)
Net loss attributable to Chanticleer Holdings, Inc. (12,136,526) (6,403,371)
Other comprehensive loss:    
Unrealized gain (loss) on available-for-sale securities (none applies to non-controlling interest) (4,039) (223,746)
Foreign currency translation (loss) gain (963,528) (1,345,793)
Total other comprehensive loss (967,567) (1,569,539)
Comprehensive loss $ (13,104,093) $ (7,972,910)
Net loss attributable to Chanticleer Holdings, Inc. per common share, basic and diluted:    
Continuing operations attributable to common stockholders, basic and diluted $ (0.86) $ (0.87)
Discontinued operations attributable to common stockholders, basic and diluted $ 0 $ (0.15)
Weighted average shares outstanding, basic and diluted 14,245,437 6,332,843