Quarterly report pursuant to Section 13 or 15(d)

Investments (Tables)

v3.20.2
Investments (Tables)
6 Months Ended
Jun. 30, 2020
Investments [Abstract]  
Schedule of Investment

Investments consist of the following at June 30, 2020 and December 31, 2019:

 

 

   

(Unaudited)

June 30, 2020

    December 31, 2019  
Warrants to purchase common stock of Sonnet   $ 675,876     $  
Chanticleer Investors, LLC     401,284       381,397  
Total   $ 1,077,159     $ 381,397
Schedule of Fair Value of Warrant

This value is also equal to the value under the Black-Scholes option pricing model with the following inputs:

  

As of April 1, 2020      
Fair value of Sonnet common stock   $ 8.76  
Exercise price   $ 0.01  
Term     5 years  
Volatility     102.7 %
Risk-free interest rate     0.37 %

 

 

As of June 30, 2020      
Fair value of Sonnet common stock   $ 3.64  
Exercise price   $ 0.01  
Term     4.75 years  
Volatility     104.35 %
Risk-free interest rate     0.29 %