v3.21.1
Condensed Consolidated and Combined Statements of Operations - USD ($)
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Revenue:    
Total revenue $ 4,593,450 $ 5,681,238
Expenses:    
Restaurant cost of sales 1,315,922 1,797,770
Restaurant operating expenses 3,245,115 3,625,844
Restaurant pre-opening and closing expenses 20,730
General and administrative expenses 1,167,127 1,175,153
Asset impairment charge 1,287,579
Depreciation and amortization 367,655 415,831
Total expenses 7,383,398 7,035,328
Operating loss (2,789,948) (1,354,090)
Other income (expense):    
Interest expense (157,241) (162,988)
Change in fair value of derivative liabilities 184,800 (297,000)
Change in the fair value of investment 3,706
Gain on extinguished lease liabilities 43,355
Other income 2,616 242,193
Total other income (expense) 77,236 (217,795)
Loss before income taxes (2,712,712) (1,571,885)
Income tax expense 3,676
Consolidated and combined net loss (2,712,712) (1,568,209)
Less: Net loss (income) attributable to non-controlling interests 164,285 (203,405)
Net loss attributable to Amergent Hospitality Group Inc. (2,548,427) (1,771,614)
Dividends on redeemable preferred stock (28,219)
Net loss attributable to common shareholders of Amergent Hospitality Group Inc. $ (2,548,427) $ (1,799,833)
Net loss attributable to Amergent Hospitality Group, Inc. per common share, basic and diluted $ (0.18) $ (0.15)
Weighted average shares outstanding, basic and diluted 14,482,736 11,909,690
Restaurant Sales Net [Member]    
Revenue:    
Total revenue $ 4,444,192 $ 5,491,457
Gaming Income Net [Member]    
Revenue:    
Total revenue 57,030 99,749
Franchise Income [Member]    
Revenue:    
Total revenue 92,228 90,032
Management Fee Income [Member]    
Revenue:    
Total revenue

Source