v3.22.2.2
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2022
Dec. 31, 2021
Current assets:    
Cash $ 966 $ 646
Restricted cash 1,672
Investments 34 50
Accounts and other receivables 904 865
Inventories 190 182
Prepaid expenses and other current assets 497 360
TOTAL CURRENT ASSETS 2,591 3,775
Property and equipment, net 3,062 3,115
Operating lease assets 7,962 8,021
Intangible assets, net 2,973 3,129
Goodwill 7,810 7,810
Investments 16 16
Deposits and other assets 353 352
TOTAL ASSETS 24,767 26,218
Current liabilities:    
Accounts payable and accrued expenses 6,707 6,844
Current portion of long-term debt and notes payable 3,661 3,264
Current portion of operating lease liabilities 4,180 4,599
Deferred grant income 373 1,545
TOTAL CURRENT LIABILITIES 14,921 16,252
Operating lease liabilities, net of current portion 8,604 8,644
Contract liabilities 80 757
Deferred tax liabilities 150 150
Long-term debt and notes payable, net of current portion (includes debt measured at fair value of $428 and $599 at June 30, 2022 and December 31, 2021, respectively) 7,301 6,593
TOTAL LIABILITIES 31,056 32,396
Commitments and contingencies (see Note 13)
Convertible Preferred Stock: Series 2: $1,000 stated value; authorized 1,500 shares; 100 issued and outstanding at both June 30, 2022 and December 31, 2021 58 58
Stockholders’ Deficit:    
Common stock: $0.0001 par value; authorized 50,000,000 shares; 15,706,736 shares issued and outstanding at both June 30, 2022 and December 31, 2021 2 2
Additional paid-in-capital 93,156 92,882
Accumulated deficit (98,392) (97,963)
Total Amergent Hospitality Group Inc. Stockholders’ Deficit (5,234) (5,079)
Non-controlling interests (1,113) (1,157)
TOTAL STOCKHOLDERS’ DEFICIT (6,347) (6,236)
TOTAL LIABILITIES, CONVERTIBLE PREFERRED STOCK AND STOCKHOLDERS’ DEFICIT $ 24,767 $ 26,218

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