v3.20.2
Condensed Consolidated and Combined Balance Sheets - USD ($)
Jun. 30, 2020
Dec. 31, 2019
Current assets:    
Cash $ 2,951,069 $ 500,681
Restricted cash 1,250,336 336
Accounts and other receivables, net 67,218 131,887
Inventories 266,641 287,111
Prepaid expenses and other current assets 638,605 249,579
TOTAL CURRENT ASSETS 5,173,869 1,169,594
Property and equipment, net 4,879,244 5,630,490
Operating lease assets 11,007,038 11,668,026
Goodwill 8,507,245 8,567,888
Intangible assets, net 3,473,599 3,656,995
Investments 1,077,159 381,397
Deposits and other assets 297,424 309,462
Assets of discontinued operations 30,084 149,000
TOTAL ASSETS 34,445,662 31,532,852
Current liabilities:    
Accounts payable and accrued expenses 8,303,793 8,165,195
Current maturities of long-term debt and notes payable 1,554,119 6,630,961
Current operating lease liabilities 3,183,302 3,299,309
Derivative liabilities 6,553,483
TOTAL CURRENT LIABILITIES 19,594,697 18,095,465
Long-term operating lease liabilities 13,832,826 14,382,354
Deferred revenue 911,359 959,445
Deferred tax liabilities 102,305 102,304
Long-term debt and notes payable 1,241,066
Convertible debt, net of debt discount of $322,752 at June 30, 2020 3,715,137
Liabilities of discontinued operations 179,625 435,600
TOTAL LIABILITIES 39,577,015 34,684,863
Commitments and contingencies (see Note 11)
Stockholders' Deficit:    
Common stock: $0.0001 par value; authorized 50,000,000 and 45,000,000 shares; 14,282,736 and 10,404,342 shares issued and outstanding at June 30, 2020 and December 31, 2019, respectively 1,434 1,041
Additional paid-in capital 80,511,278 71,505,989
Accumulated deficit (85,658,825) (75,068,385)
Accumulated other comprehensive loss (134,047) (46,437)
Total Amergent Hospitality Group, Inc., Stockholders' Deficit (5,280,160) (3,607,792)
Non-Controlling Interests (310,801) 455,781
TOTAL STOCKHOLDERS' DEFICIT (5,590,961) (3,152,011)
TOTAL LIABILITIES, REDEEMABLE SHARES, AND STOCKHOLDERS' DEFICIT 34,445,662 31,532,852
Redeemable Preferred Stock: Series 1 [Member]    
Current liabilities:    
Preferred Stock value 709,695
Convertible Preferred Stock: Series 2 [Member]    
Current liabilities:    
Preferred Stock value $ 459,608

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