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 ($)
Sep. 30, 2021
Dec. 31, 2020
Current assets:    
Cash $ 1,100,919 $ 678,468
Restricted cash 1,948,813 1,250,336
Investments 423,262 413,268
Accounts and other receivables 51,157 314,043
Inventories 140,837 172,695
Prepaid expenses and other current assets 301,811 290,227
Current assets held for sale 175,553
TOTAL CURRENT ASSETS 4,142,352 3,119,037
Property and equipment, net 3,001,897 3,702,894
Operating lease asset 8,971,766 9,529,443
Intangible assets, net 3,272,796 3,043,885
Goodwill 7,809,874 8,591,149
Investments 15,709 365,001
Deposits and other assets 350,285 295,930
Noncurrent assets held for sale 1,605,135
TOTAL ASSETS 29,169,814 28,647,339
Current liabilities:    
Accounts payable and accrued expenses 6,152,855 8,667,268
Current maturities of long-term debt, convertible debt and notes payable 7,080,737 2,338,978
Current operating lease liabilities 4,581,582 4,209,389
Derivative liabilities 184,800
Deferred grant income 1,948,813
Current liabilities held for sale 362,615
TOTAL CURRENT LIABILITIES 20,126,602 15,400,435
Long-term operating lease liabilities 9,683,643 10,677,862
Contract liabilities 777,420 794,989
Deferred tax liabilities 108,809 108,809
Long-term debt, convertible debt and notes payable, net of current maturities 2,819,348 4,353,942
Noncurrent liabilities held for sale 839,395
TOTAL LIABILITIES 34,355,217 31,336,037
Commitments and contingencies (see Note 11)  
Convertible Preferred Stock: Series 2: $1,000 stated value; authorized 1,500 shares; 100 and 787 issued and outstanding at September 30, 2021 and December 31, 2020, respectively 58,400 459,608
Stockholders’ Deficit:    
Common stock: $0.0001 par value; authorized 50,000,000 shares; 15,706,736 and 14,282,736 shares issued and outstanding at September 30, 2021 and December 31, 2020, respectively 1,570 1,428
Additional paid-in-capital 92,876,775 92,433,344
Accumulated deficit (96,963,419) (94,587,482)
Accumulated other comprehensive loss (44,801) (25,916)
Total Amergent Hospitality Group, Inc., Stockholders’ Deficit (4,129,875) (2,178,626)
Non-controlling interests (1,113,928) (969,680)
TOTAL STOCKHOLDERS’ DEFICIT (5,243,803) (3,148,306)
TOTAL LIABILITIES, REDEEMABLE SHARES AND STOCKHOLDERS’ DEFICIT $ 29,169,814 $ 28,647,339