Annual report pursuant to Section 13 and 15(d)

Consolidated and Combined Balance Sheets

v3.22.1
Consolidated and Combined Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2021
Dec. 31, 2020
Current assets:    
Cash $ 646 $ 678
Restricted cash 1,672 1,250
Investments 50 413
Accounts and other receivables 865 314
Inventories 182 173
Prepaid expenses and other current assets 360 291
TOTAL CURRENT ASSETS 3,775 3,119
Property and equipment, net 3,115 3,703
Operating lease assets 8,021 9,529
Intangible assets, net 3,129 3,044
Goodwill 7,810 8,591
Investments 16 365
Deposits and other assets 352 296
TOTAL ASSETS 26,218 28,647
Current liabilities:    
Accounts payable and accrued expenses 6,844 8,667
Current maturities of long-term debt and notes payable 3,264 2,339
Current operating lease liabilities 4,599 4,209
Deferred grant income 1,545
Derivative liabilities 185
TOTAL CURRENT LIABILITIES 16,252 15,400
Long-term operating lease liabilities 8,644 10,678
Contract liabilities 757 795
Deferred tax liabilities 150 109
Long-term debt and notes payable (includes debt measured at fair value of $599 at December 31, 2021) 6,593 4,354
TOTAL LIABILITIES 32,396 31,336
Commitments and contingencies (see Note 13)
Convertible Preferred Stock: Series 2: $1,000 stated value; authorized 1,500 shares; 100 and 787 shares issued and outstanding at December 31, 2021 and December 31, 2020, respectively 58 460
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 December 31, 2021 and December 31, 2020, respectively 2 1
Additional paid-in-capital 92,882 92,433
Accumulated deficit (97,963) (94,587)
Accumulated other comprehensive loss (26)
Total Amergent Hospitality Group, Inc. Stockholders’ Deficit (5,079) (2,179)
Non-controlling interests (1,157) (970)
TOTAL STOCKHOLDERS’ DEFICIT (6,236) (3,149)
TOTAL LIABILITIES, REDEEMABLE SHARES AND STOCKHOLDERS’ DEFICIT $ 26,218 $ 28,647