Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

v3.8.0.1
Consolidated Balance Sheets - USD ($)
Dec. 31, 2017
Dec. 31, 2016
Current assets:    
Cash $ 272,976 $ 268,575
Restricted cash 165,517
Accounts and other receivables, net 475,988 524,481
Inventories 460,756 539,550
Prepaid expenses and other current assets 324,324 461,074
Assets held for sale, net 100,000
TOTAL CURRENT ASSETS 1,799,561 1,793,680
Property and equipment, net 8,548,592 11,513,693
Goodwill 12,647,806 12,405,770
Intangible assets, net 5,896,732 6,530,243
Investments 800,000 800,000
Deposits and other assets 490,328 442,737
TOTAL ASSETS 30,183,019 33,486,123
Current liabilities:    
Accounts payable and accrued expenses 5,972,252 5,553,068
Current maturities of long-term debt and notes payable 5,741,911 6,171,649
Current maturities of convertible notes payable 3,000,000
Current maturities of capital leases payable 18,449
Due to related parties 191,850 194,350
TOTAL CURRENT LIABILITIES 14,906,013 11,937,516
Long-term debt, less current portion, net unamortized of discount and deferred financing costs of $1,173,190 and $0, respectively 287,445
Convertible notes payable, net of unamortized debt discount (premium) of ($12,256) and $46,936, respectively 212,256 3,678,064
Redeemable preferred stock: no par value, 62,876 and 19,050 shares issued and outstanding, net of unamortized deferred finance costs of $208,697 and $0, respectively 640,129 257,175
Deferred rent 2,156,378 2,135,526
Deferred tax liabilities 779,359 1,485,554
TOTAL LIABILITIES 18,694,135 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;
Common stock: $0.0001 par value; authorized 45,000,000 shares; issued and outstanding 3,045,809 and 2,139,424 shares, respectively 305 213
Additional paid-in capital 60,750,330 55,926,196
Accumulated other comprehensive loss (934,901) (1,155,658)
Accumulated deficit (49,109,303) (42,206,325)
Total Chanticleer Holdings, Inc, Stockholders' Equity 10,706,431 12,564,426
Non-Controlling Interests 782,453 791,417
TOTAL STOCKHOLDERS' EQUITY 11,488,884 13,355,843
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 30,183,019 $ 33,486,123