Annual report pursuant to Section 13 and 15(d)

Related Party Transactions

v3.7.0.1
Related Party Transactions
12 Months Ended
Dec. 31, 2016
Related Party Transactions [Abstract]  
Related Party Transactions

13. RELATED PARTY TRANSACTIONS

 

Due to related parties

 

The Company has received non-interest bearing loans and advances from related parties. The amounts owed by the Company as of December 31, 2016 and 2015 are as follows:

 

    December 31, 2016     December 31, 2015  
             
Hoot SA I, LLC   $ -     $ 12,963  
Chanticleer Investors, LLC     194,350       -  
    $ 194,350     $ 12,963  

 

The amount from Chanticleer Investors LLC is related to cash distributions received from Chanticleer Investors LLC’s interest Hooters of America which is payable to the Company’s co-investors in that investment.