v3.22.2.2
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Revenue:        
Total revenue $ 5,576 $ 5,433 $ 11,226 $ 10,029
Expenses:        
Restaurant cost of sales 1,701 1,617 3,193 2,933
Restaurant operating expenses 3,679 3,455 7,158 6,701
General and administrative expenses 1,806 1,208 3,142 2,375
Asset impairment charges 1,288
Depreciation and amortization 201 227 423 459
Employee retention credit and other grant income (1,287) (1,473) (1,835) (1,473)
Total expenses 6,100 5,034 12,081 12,283
Operating (loss) income (524) 399 (855) (2,254)
Other income (expense):        
Interest expense (224) (158) (411) (318)
Change in fair value of derivative liabilities (66) 119
Change in fair value of investment (12) (124) (16) (120)
Change in fair value of convertible promissory note 55 171
Gain on extinguished/settled lease liabilities 256 275 256 319
Gain on extinguished trade payable 161
Other income 92 171 311 174
Total other income 167 98 472 174
(Loss) income before income taxes (357) 497 (383) (2,080)
Income tax expense (2)
Consolidated net (loss) income (357) 497 (385) (2,080)
Less: Net (income) loss attributable to non-controlling interests (45) (60) (44) 104
Net (loss) income attributable to Amergent Hospitality Group Inc. $ (402) $ 437 $ (429) $ (1,976)
Net (loss) income attributable to Amergent Hospitality Group Inc. per common share, basic $ (0.03) $ 0.01 $ (0.03) $ (0.13)
Net (loss) income attributable to Amergent Hospitality Group Inc. per common share, diluted $ (0.03) $ 0.01 $ (0.03) $ (0.13)
Weighted average shares outstanding, basic 15,706,736 15,321,571 15,706,736 14,904,471
Weighted average shares outstanding, diluted 15,706,736 17,280,625 15,706,736 14,904,471
Restaurant Sales Net [Member]        
Revenue:        
Total revenue $ 5,323 $ 5,217 $ 10,081 $ 9,661
Gaming Income Net [Member]        
Revenue:        
Total revenue 145 111 248 169
Franchise Income [Member]        
Revenue:        
Total revenue $ 108 $ 105 $ 897 $ 199

Source