Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated and Combined Balance Sheets

v3.21.2
Condensed Consolidated and Combined Balance Sheets - USD ($)
Jun. 30, 2021
Dec. 31, 2020
Current assets:    
Cash $ 2,083,119 $ 678,468
Restricted cash 440,557 1,250,336
Investments 292,809 413,268
Accounts and other receivables 156,581 314,043
Inventories 154,207 172,695
Prepaid expenses and other current assets 392,234 290,227
TOTAL CURRENT ASSETS 3,519,507 3,119,037
Property and equipment, net 2,908,066 3,702,894
Operating lease asset 8,395,200 9,529,443
Intangible assets, net 2,540,868 3,043,885
Goodwill 8,603,406 8,591,149
Investments 365,001 365,001
Deposits and other assets 267,770 295,930
TOTAL ASSETS 26,599,818 28,647,339
Current liabilities:    
Accounts payable and accrued expenses 8,168,244 8,667,268
Current maturities of long-term debt and notes payable 6,377,550 2,338,978
Current operating lease liabilities 4,411,073 4,209,389
Derivative liabilities 66,136 184,800
TOTAL CURRENT LIABILITIES 19,023,003 15,400,435
Long-term operating lease liabilities 9,415,805 10,677,862
Contract liabilities 759,276 794,989
Deferred tax liabilities 108,809 108,809
Long-term debt and notes payable, net of current maturities 2,352,130 539,734
Convertible debt, net of current maturities 3,814,208
TOTAL LIABILITIES 31,659,023 31,336,037
Preferred Stock Value 58,400 459,608
Stockholders’ Deficit:    
Common stock: $0.0001 par value; authorized 50,000,000 shares; 15,656,736 and 14,282,736 shares issued and outstanding at June 30, 2021 and December 31, 2020, respectively 1,565 1,428
Additional paid-in-capital 92,834,415 92,433,344
Accumulated deficit (96,869,182) (94,587,482)
Accumulated other comprehensive loss (10,322) (25,916)
Total Amergent Hospitality Group, Inc., Stockholders’ Deficit (4,043,524) (2,178,626)
Non-controlling interests (1,074,081) (969,680)
TOTAL STOCKHOLDERS’ DEFICIT (5,117,605) (3,148,306)
TOTAL LIABILITIES, REDEEMABLE SHARES AND STOCKHOLDERS’ DEFICIT 26,599,818 28,647,339
Convertible Preferred Stock: Series 2 [Member]    
Current liabilities:    
Preferred Stock Value $ 58,400 $ 459,608