Quarterly report pursuant to Section 13 or 15(d)


$ in Thousands
Jun. 30, 2022
Dec. 31, 2021
Investments, All Other Investments [Abstract]    
Common stock of Sonnet, at fair value [1] $ 34 $ 50
Chanticleer Investors, LLC, at cost [2] 16 16
Total $ 50 $ 66
[1] 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 June 30, 2022, 122,064 shares of Sonnet were held.
[2] 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%. In March 2022, the Company received a dividend from its investment in Hooters of America of approximately $0.1 million, which is included in other income for the six months ended June 30, 2022 in our condensed consolidated statement of operations.