Annual report pursuant to Section 13 and 15(d)

SIGNIFICANT ACCOUNTING POLICIES (Tables)

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SIGNIFICANT ACCOUNTING POLICIES (Tables)
 12 Months Ended
Dec. 31, 2021
Accounting Policies [Abstract]  
SCHEDULE OF FAIR VALUE MEASUREMENTS, RECURRING AND NONRECURRING

 

(in thousands)  

Quoted Prices
in Active
Markets

(Level 1)

    Significant
Observable
Inputs (Level 2)		     Significant
Unobservable
Inputs (Level 3)		     Total Fair
Value		  
December 31, 2021                                
Assets (Note 5)                                
Common stock of Sonnet   $ 50     $ —     $ —     $ 50  
Liabilities (Note 4)                                
Convertible note payable   $ —     $ —     $ 1,099     $ 1,099  

 

(in thousands)  

Quoted Prices
in Active
Markets

(Level 1)

    Significant
Observable
Inputs (Level 2)		     Significant
Unobservable
Inputs (Level 3)		     Total Fair Value  
December 31, 2020                                
Assets (Note 5)                                
Common stock of Sonnet   $ 413     $ —     $ —     $ 413  
Liabilities (Note 12)                                
True-up provision of Convertible Preferred Series 2   $ —     $ —     $ 185     $ 185  
SCHEDULE OF PROPERTY AND EQUIPMENT USEFUL LIVES

The estimated useful lives used to compute depreciation and amortization are as follows:

 

Leasehold improvements 5-15 years
Restaurant furnishings and equipment 3-10 years
Furniture and fixtures 3-10 years
Office and computer equipment 3-7 years