v3.22.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2022
Dec. 31, 2021
Current assets:    
Cash $ 2,528 $ 646
Restricted cash 623 1,672
Investments 46 50
Accounts and other receivables 271 865
Inventories 184 182
Prepaid expenses and other current assets 258 360
TOTAL CURRENT ASSETS 3,910 3,775
Property and equipment, net 3,041 3,115
Operating lease asset 8,336 8,021
Intangible assets, net 3,038 3,129
Goodwill 7,810 7,810
Investments 16 16
Deposits and other assets 353 352
TOTAL ASSETS 26,504 26,218
Current liabilities:    
Accounts payable and accrued expenses 6,799 6,844
Current maturities of long-term debt and notes payable 3,651 3,264
Current operating lease liabilities 4,425 4,599
Deferred grant income 997 1,545
TOTAL CURRENT LIABILITIES 15,872 16,252
Long-term operating lease liabilities 8,897 8,644
Contract liabilities 82 757
Deferred tax liabilities 150 150
Long-term debt and notes payable (includes debt measured at fair value of $483 and $599 at March 31, 2022 and December 31, 2021, respectively) 7,440 6,593
TOTAL LIABILITIES 32,441 32,396
Commitments and contingencies (see Note 10)  
Convertible Preferred Stock: Series 2: $1,000 stated value; authorized 1,500 shares; 100 issued and outstanding at both March 31, 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 March 31, 2022 and December 31, 2021 2 2
Additional paid-in-capital 93,151 92,882
Accumulated deficit (97,990) (97,963)
Total Amergent Hospitality Group Inc. Stockholders’ Deficit (4,837) (5,079)
Non-controlling interests (1,158) (1,157)
TOTAL STOCKHOLDERS’ DEFICIT (5,995) (6,236)
TOTAL LIABILITIES, REDEEMABLE SHARES AND STOCKHOLDERS’ DEFICIT $ 26,504 $ 26,218

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