|
Investments
consist of the following:
SCHEDULE
OF INVESTMENT
| (in thousands) |
|
March 31, 2022 |
|
|
December 31, 2021 |
|
| Common stock of Sonnet, at fair value (a)
|
|
$ |
46 |
|
|
$ |
50 |
|
| Chanticleer Investors, LLC, at cost (b)
|
|
|
16 |
|
|
|
16 |
|
| Total |
|
$ |
62 |
|
|
$ |
66 |
|
| |
(a) |
Represents the fair value of the common stock of Sonnet
held by the Company after its exercise of warrants received in connection with the Merger. As of March 31, 2022, 122,064 shares of
Sonnet were held. |
| |
|
|
| |
(b) |
Represents the Company’s investment in Chanticleer
Investors, LLC, which holds an interest in Hooters of America, the operator and franchisor of the Hooters Brand worldwide. As of
the dates presented, the Company’s effective economic interest in Hooters of America was less than 1%. During the three months
ended March 31, 2022, the Company received a dividend from its investment in Hooters of America of approximately $0.1 million, which
is included in other income in our condensed consolidated
statement of operations. |
|