v3.19.3
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Revenue:        
Total revenue $ 9,653,440 $ 10,098,400 $ 30,561,983 $ 30,493,839
Expenses:        
Restaurant cost of sales 3,161,379 3,259,223 9,954,144 9,912,091
Restaurant operating expenses 5,858,495 5,781,284 18,846,454 17,008,047
Restaurant pre-opening and closing expenses 125,000 113,000 267,888 312,652
General and administrative expenses 1,572,774 1,092,529 4,784,791 3,407,612
Asset impairment charge 2,637,969 4,007,050 1,731,267
Depreciation and amortization 531,265 523,680 1,627,682 1,594,673
Total expenses 13,886,882 10,769,716 39,488,009 33,966,342
Operating loss (4,233,442) (671,316) (8,926,026) (3,472,503)
Other expense        
Interest expense (162,845) (630,223) (542,135) (1,895,162)
Other income (expense) 109,805 (223,439) (86,240) (217,949)
Total other expense (53,040) (853,662) (628,375) (2,113,111)
Loss before income taxes (4,286,482) (1,524,978) (9,554,401) (5,585,614)
Income tax benefit (expense) (4,803) 206,366 (61,213) 779,361
Consolidated net loss (4,291,285) (1,318,612) (9,615,614) (4,806,253)
Less: Net loss attributable to non-controlling interests 406,544 80,737 641,002 210,484
Net loss attributable to Chanticleer Holdings, Inc. (3,884,741) (1,237,875) (8,974,612) (4,595,769)
Dividends on redeemable preferred stock (28,219) (28,219) (84,019) (84,020)
Net loss attributable to common shareholders of Chanticleer Holdings, Inc. $ (3,912,960) $ (1,266,094) $ (9,058,631) $ (4,679,789)
Net loss attributable to Chanticleer Holdings, Inc. per common share, basic and diluted: $ (0.39) $ (0.34) $ (1.54) $ (1.35)
Weighted average shares outstanding, basic and diluted 9,939,521 3,704,800 5,892,639 3,457,145
Restaurant Sales, Net [Member]        
Revenue:        
Total revenue $ 9,414,626 $ 9,848,302 $ 29,703,172 $ 29,802,969
Gaming Income, Net [Member]        
Revenue:        
Total revenue 121,453 111,301 347,074 285,578
Management Fee Income [Member]        
Revenue:        
Total revenue 24,999 50,000 74,997
Franchise Income [Member]        
Revenue:        
Total revenue $ 117,361 $ 113,798 $ 461,737 $ 330,295

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