Quarterly report pursuant to Section 13 or 15(d)

ACQUISITIONS (Details)

v2.4.0.8
ACQUISITIONS (Details) (USD $)
 3 Months Ended
Mar. 31, 2014
Mar. 31, 2013
Consideration paid:    
Common stock $ 7,331,032  
Warrants 2,968,477  
Cash 3,740,000  
Total Consideration paid 14,039,509  
Current assets, excluding cash 677,221  
Property and equipment 6,385,639  
Goodwill 8,771,918  
Trademark/trade name/franchise fee 2,855,380  
Deposits and other assets 123,503  
Total assets acquired, less cash 18,813,661  
Liabilities assumed (3,238,482)  
Deferred tax liabilities (1,340,000)  
Non-controlling interest (463,571)  
Common stock and warrants issued (10,299,509)  
Cash paid (3,740,000)  
Cash received in excess of cash paid 23,910 0
ARB [Member]
    
Consideration paid:    
Common stock 3,611,126  
Warrants 1,710,077  
Cash 0  
Total Consideration paid 5,321,203  
Current assets, excluding cash 281,574  
Property and equipment 3,000,122  
Goodwill 2,550,611  
Trademark/trade name/franchise fee 1,784,443  
Deposits and other assets 98,035  
Total assets acquired, less cash 7,714,785  
Liabilities assumed (1,490,288)  
Deferred tax liabilities (956,000)  
Non-controlling interest 0  
Common stock and warrants issued (5,321,203)  
Cash paid 0  
Cash received in excess of cash paid 52,706  
WEW [Member]
    
Consideration paid:    
Common stock 0  
Warrants 0  
Cash 3,150,000  
Total Consideration paid 3,150,000  
Current assets, excluding cash 151,546  
Property and equipment 20,493  
Goodwill 3,124,507  
Trademark/trade name/franchise fee 0  
Deposits and other assets 0  
Total assets acquired, less cash 3,296,546  
Liabilities assumed (337,831)  
Deferred tax liabilities 0  
Non-controlling interest 0  
Common stock and warrants issued 0  
Cash paid (3,150,000)  
Cash received in excess of cash paid 191,285  
JF [Member]
    
Consideration paid:    
Common stock 0  
Warrants 0  
Cash 590,000  
Total Consideration paid 590,000  
Current assets, excluding cash 42,206  
Property and equipment 242,531  
Goodwill 425,151  
Trademark/trade name/franchise fee 1,010,000  
Deposits and other assets 0  
Total assets acquired, less cash 1,719,888  
Liabilities assumed (282,317)  
Deferred tax liabilities (384,000)  
Non-controlling interest (463,571)  
Common stock and warrants issued 0  
Cash paid (590,000)  
Cash received in excess of cash paid 0  
Hooters Pacific NW [Member]
    
Consideration paid:    
Common stock 2,891,156  
Warrants 978,000  
Cash 0  
Total Consideration paid 3,869,156  
Current assets, excluding cash 112,078  
Property and equipment 2,731,031  
Goodwill 1,951,909  
Trademark/trade name/franchise fee 60,937  
Deposits and other assets 20,275  
Total assets acquired, less cash 4,876,230  
Liabilities assumed (1,009,348)  
Deferred tax liabilities 0  
Non-controlling interest 0  
Common stock and warrants issued (3,869,156)  
Cash paid 0  
Cash received in excess of cash paid 2,274  
Spoon [Member]
    
Consideration paid:    
Common stock 828,750  
Warrants 280,400  
Cash 0  
Total Consideration paid 1,109,150  
Current assets, excluding cash 89,817  
Property and equipment 391,462  
Goodwill 719,740  
Trademark/trade name/franchise fee 0  
Deposits and other assets 5,193  
Total assets acquired, less cash 1,206,212  
Liabilities assumed (118,698)  
Deferred tax liabilities 0  
Non-controlling interest 0  
Common stock and warrants issued (1,109,150)  
Cash paid 0  
Cash received in excess of cash paid $ 21,636