Sonnet BioTherapeutics, Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Acquisitions - Schedule of Assets Acquired and Liabilities Assumed Recorded At Estimated Fair Values (Details)

Acquisitions - Schedule of Assets Acquired and Liabilities Assumed Recorded At Estimated Fair Values (Details) (USD $)	12 Months Ended	3 Months Ended
	Dec. 31, 2014	Mar. 31, 2015	Sep. 30, 2014
Business Acquisition [Line Items]
Common stock	$ 4,019,906
Warrants	1,381,733
Assumption of debt	5,000,000
Cash	350,000
Total consideration paid	10,751,639
Current assets, excluding cash	636,894
Property and equipment	7,945,152
Goodwill	11,394,009
Trademark/trade name/franchise fee	559,304
Inventory, deposits and other assets	136,025
Total assets acquired, less cash	20,671,384
Liabilities assumed	(4,165,235)
Deferred tax liabilities
Non-controlling interest	(4,753,288)
Chanticleer equity	(1,028,749)
Common stock and warrants issued	(5,401,639)
Assumption of debt	(5,000,000)
Cash paid	(350,000)
Cash received in excess of cash paid	27,527
The Burger Joint [Member]
Business Acquisition [Line Items]
Common stock		1,000,000
Warrants
Assumption of debt
Cash		4,233,929
Total consideration paid		5,233,929
Current assets, excluding cash
Property and equipment		2,154,023
Goodwill		426,038
Trademark/trade name/franchise fee		2,750,000
Inventory, deposits and other assets		257,470
Total assets acquired, less cash		5,587,531
Liabilities assumed		(364,602)
Deferred tax liabilities
Non-controlling interest
Chanticleer equity
Common stock and warrants issued		(1,000,000)
Assumption of debt
Cash paid		(4,233,929)
Cash received in excess of cash paid		11,000
Hooters Pacific NW [Member]
Business Acquisition [Line Items]
Common stock	2,891,156
Warrants	978,000
Assumption of debt
Cash
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
Inventory, deposits and other assets		20,275
Total assets acquired, less cash		4,876,230
Liabilities assumed		(1,009,348)
Deferred tax liabilities
Non-controlling interest
Chanticleer equity
Common stock and warrants issued	(3,869,156)
Assumption of debt
Cash paid
Cash received in excess of cash paid	2,274
Spoon [Member]
Business Acquisition [Line Items]
Common stock	828,750
Warrants	280,400
Assumption of debt
Cash
Total consideration paid	1,109,150
Current assets, excluding cash	89,817
Property and equipment	391,462
Goodwill	698,583
Trademark/trade name/franchise fee
Inventory, deposits and other assets	5,193
Total assets acquired, less cash	1,185,055
Liabilities assumed	(97,541)
Deferred tax liabilities
Non-controlling interest
Chanticleer equity
Common stock and warrants issued	(1,109,150)
Assumption of debt
Cash paid
Cash received in excess of cash paid	21,636
Hooters Australia April 1, 2014 [Member]
Business Acquisition [Line Items]
Common stock
Warrants
Assumption of debt
Cash	100,000
Total consideration paid	100,000
Current assets, excluding cash	377,296
Property and equipment	2,934,307
Goodwill
Trademark/trade name/franchise fee	277,867
Inventory, deposits and other assets	90,371
Total assets acquired, less cash	3,679,841
Liabilities assumed	(1,560,710)
Non-controlling interest	(993,999)
Chanticleer equity	(1,028,749)
Common stock and warrants issued
Assumption of debt
Cash paid	(100,000)
Cash received in excess of cash paid	3,617
Hooters Australia July 1, 2014 [Member]
Business Acquisition [Line Items]
Common stock
Warrants	123,333
Assumption of debt	5,000,000
Cash
Total consideration paid	5,123,333
Current assets, excluding cash	47,777
Property and equipment	1,603,557
Goodwill	8,487,138
Trademark/trade name/franchise fee	220,500
Inventory, deposits and other assets	20,186
Total assets acquired, less cash	10,379,158
Liabilities assumed	(1,496,536)
Non-controlling interest	(3,759,289)
Chanticleer equity
Common stock and warrants issued	(123,333)
Assumption of debt	(5,000,000)
Cash paid
Cash received in excess of cash paid
Burger Company [Member]
Business Acquisition [Line Items]
Common stock	300,000
Warrants
Assumption of debt
Cash	250,000
Total consideration paid	550,000
Current assets, excluding cash			9,926
Property and equipment			284,795
Goodwill			256,379
Trademark/trade name/franchise fee
Inventory, deposits and other assets
Total assets acquired, less cash			551,100
Liabilities assumed			(1,100)
Deferred tax liabilities
Non-controlling interest
Chanticleer equity
Common stock and warrants issued	(300,000)
Assumption of debt
Cash paid	(250,000)
Cash received in excess of cash paid