Annual report pursuant to Section 13 and 15(d)

Investments (Tables)

v3.21.1
Investments (Tables)
12 Months Ended
Dec. 31, 2020
Investments [Abstract]  
Schedule of Investments

Investments consist of the following:

 

    December 31, 2020     December 31, 2019  
Common stock of Sonnet, at fair value   $ 413,268     $  
Chanticleer Investors, LLC, at cost     365,001       381,397  
Total   $ 778,269     $ 381,397  
Schedule of Fair Value of Warrant

This value is also equal to the value under the Black-Scholes option pricing model with the following inputs:

 

As of April 1, 2020      
Fair value of Sonnet common stock   $ 8.76  
Exercise price   $ 0.01  
Term     5 years  
Volatility     103 %
Risk-free interest rate     0.37 %