Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Operations (Unaudited)

v3.8.0.1
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
 3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
Revenue:        
Restaurant sales, net $ 10,479,275 $ 10,737,961 $ 30,657,215 $ 31,068,281
Gaming income, net 115,268 118,136 328,855 315,647
Management fee income 24,999 25,000 74,982 75,000
Franchise income 105,823 95,542 289,626 381,481
Total revenue 10,725,365 10,976,639 31,350,678 31,840,409
Expenses:        
Restaurant cost of sales 3,605,212 3,553,684 10,376,160 10,248,770
Restaurant operating expenses 6,119,561 5,888,509 17,649,532 17,140,692
Restaurant pre-opening and closing expenses 34,349 110,432 139,545 117,987
General and administrative expenses 952,959 1,351,112 3,413,001 4,400,826
Asset impairment charge 838,928 1,472,890
Depreciation and amortization 572,798 590,433 1,768,837 1,738,815
Total expenses 12,123,807 11,494,170 34,819,965 33,647,090
Operating loss from continuing operations (1,398,442) (517,531) (3,469,287) (1,806,681)
Other (expense) income        
Interest expense (309,538) (453,150) (1,218,379) (1,704,556)
Change in fair value of derivative liabilities 102,507 1,231,608
Gain (loss) on debt refinancing (95,310)
Other income (expense) 37,839 32,357 50,050 12,388
Total other expense (271,699) (318,286) (1,263,639) (460,560)
Loss from continuing operations before income taxes (1,670,141) (835,817) (4,732,926) (2,267,241)
Income tax expense (56,070) (52,474) (169,398) (137,867)
Loss from continuing operations (1,726,211) (888,291) (4,902,324) (2,405,108)
Discontinued operations        
Loss from discontinued operations, net of tax (68,718) (1,304,627)
Loss on write down of net assets (3,876,161)
Consolidated net loss (1,726,211) (957,009) (4,902,324) (7,585,896)
Less: Net loss attributable to non-controlling interest of continuing operations 168,772 39,248 245,943 53,612
Less: Net loss attributable to non-controlling interest of discontinued operations 13,744 260,925
Net loss attributable to Chanticleer Holdings, Inc. (1,557,439) (904,017) (4,656,381) (7,271,359)
Net loss attributable to Chanticleer Holdings, Inc.:        
Loss from continuing operations (1,557,439) (849,043) (4,656,381) (2,351,497)
Loss from discontinued operations (54,974) (4,919,862)
Net loss attributable to Chanticleer Holdings, Inc. (1,557,439) (904,017) (4,656,381) (7,271,359)
Dividends on redeemable preferred stock (28,219) (79,988)
Net loss attributable to common shareholders of Chanticleer Holdings, Inc. $ (1,585,658) $ (904,017) $ (4,736,369) $ (7,271,359)
Net loss attributable to Chanticleer Holdings, Inc. per common share, basic and diluted: $ (0.63) $ (0.41) $ (2.10) $ (3.37)
Continuing operations attributable to common stockholders, basic and diluted (0.63) (0.39) (2.10) (1.09)
Discontinued operations attributable to common stockholders, basic and diluted $ (0.02) $ (2.28)
Weighted average shares outstanding, basic and diluted 2,501,534 2,195,715 2,258,013 2,160,703