Investments |
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| Investments in and Advances to Affiliates, Schedule of Investments [Abstract] | |||||||||||||||||||||||||||||||||||||
| Investments |
4. INVESTMENTS
Investments at cost consist of the following at December 31, 2016 and 2015:
Chanticleer Investors LLC – The Company invested $800,000 during 2011 and 2012 in exchange for a 22% ownership stake in Chanticleer Investors, LLC., which in turn holds a 3% interest in Hooters of America, the operator and franchisor of the Hooters Brand worldwide.
In November 2015, the Company received a cash distribution totaling $543,130 on its 3% equity interest in Hooters of America, of which $324,054 is included in management fee income and $219,076 in other income in the accompanying consolidated statements of operations and comprehensive loss. Hooters of America did not make distributions in 2016, instead retaining its cash flow for investment in additional company store locations. |
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- References No definition available.
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- Definition The entire disclosure for investments in certain debt and equity securities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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