Quarterly report pursuant to Section 13 or 15(d)

Investments

v3.19.1
Investments
3 Months Ended
Mar. 31, 2019
Investments in and Advances to Affiliates, Schedule of Investments [Abstract]  
Investments

4. INVESTMENTS

 

Investments at cost consist of the following:

 

    March 31, 2019     December 31, 2018  
                 
Chanticleer Investors, LLC   $ 800,000     $ 800,000  

 

Chanticleer Investors LLC – The Company invested $800,000 during 2011 and 2012 in exchange for a 22% ownership stake in Chanticleer Investors, LLC, which in turn holds a 3% interest in Hooters of America, the operator and franchisor of the Hooters Brand worldwide. As a result, the Company’s effective economic interest in Hooters of America is approximately 0.6%.