Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v3.22.2.2
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2022
Dec. 31, 2021
Current assets:    
Cash $ 704 $ 646
Restricted cash 1,672
Investments 13 50
Accounts and other receivables 861 865
Inventories 205 182
Prepaid expenses and other current assets 372 360
TOTAL CURRENT ASSETS 2,155 3,775
Property and equipment, net 3,222 3,115
Operating lease assets 7,630 8,021
Intangible assets, net 2,932 3,129
Goodwill 7,810 7,810
Investments 16 16
Deposits and other assets 355 352
TOTAL ASSETS 24,120 26,218
Current liabilities:    
Accounts payable and accrued expenses 8,122 6,844
Current portion of long-term debt and notes payable (includes debt measured at fair value of $893 and debt discounts of $196 at September 30, 2022) 3,648 3,264
Current portion of operating lease liabilities 4,050 4,599
Deferred grant income 1,545
TOTAL CURRENT LIABILITIES 15,820 16,252
Operating lease liabilities, net of current portion 8,239 8,644
Contract liabilities 72 757
Deferred tax liabilities 150 150
Long-term debt and notes payable, net of current portion (includes debt measured at fair value d $599 December 31, 2021) 7,745 6,593
TOTAL LIABILITIES 32,026 32,396
Commitments and contingencies (see Note 12)
Convertible Preferred Stock: Series 2: $1,000 stated value; authorized 1,500 shares; 100 issued and outstanding at both September 30, 2022 and December 31, 2021 58 58
Stockholders’ Deficit:    
Common stock: $0.0001 par value; authorized 50,000,000 shares; 15,706,736 shares issued and outstanding at both September 30, 2022 and December 31, 2021 2 2
Additional paid-in-capital 93,162 92,882
Accumulated deficit (99,865) (97,963)
Total Amergent Hospitality Group Inc. Stockholders’ Deficit (6,701) (5,079)
Non-controlling interests (1,263) (1,157)
TOTAL STOCKHOLDERS’ DEFICIT (7,964) (6,236)
TOTAL LIABILITIES, CONVERTIBLE PREFERRED STOCK AND STOCKHOLDERS’ DEFICIT $ 24,120 $ 26,218