Condensed Consolidated and Combined Statements of Operations (Unaudited) - USD ($) |
3 Months Ended | 9 Months Ended | ||
|---|---|---|---|---|
Sep. 30, 2021 |
Sep. 30, 2020 |
Sep. 30, 2021 |
Sep. 30, 2020 |
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| Revenue: | ||||
| Total revenue | $ 6,358,575 | $ 4,702,151 | $ 15,907,096 | $ 14,301,859 |
| Expenses: | ||||
| Restaurant cost of sales | 2,031,666 | 1,498,922 | 4,782,780 | 4,458,983 |
| Restaurant operating expenses | 3,674,755 | 3,448,843 | 10,100,284 | 10,322,644 |
| Restaurant pre-opening and closing expenses | 20,730 | |||
| General and administrative expenses | 1,394,766 | 1,255,918 | 3,755,866 | 3,891,739 |
| Asset impairment charge | 1,136,129 | 1,287,579 | 1,288,599 | |
| Depreciation and amortization | 350,599 | 277,999 | 1,080,604 | 1,109,608 |
| Employee retention credit/other grant income | (1,229,831) | (2,703,186) | ||
| Total expenses | 6,221,955 | 7,617,811 | 18,303,927 | 21,092,303 |
| Operating income (loss) | 136,620 | (2,915,660) | (2,396,831) | (6,790,444) |
| Other income (expense): | ||||
| Interest expense | (165,775) | (177,420) | (481,706) | (499,870) |
| Change in fair value of derivative liabilities | (5,841,517) | 118,664 | 300,000 | |
| Change in the fair value of investment | (100,422) | (199,154) | (220,882) | (1,152,185) |
| Debt extinguishment expense | (11,808,111) | |||
| Other income (expense) | 18,203 | (25,404) | 164,761 | 150,904 |
| Gain on extinguished lease liabilities | 66,821 | 385,340 | ||
| Total other income (expense) | (181,173) | (6,243,497) | (33,823) | (13,009,262) |
| Net loss before income taxes | (44,553) | (9,159,155) | (2,430,654) | (19,799,706) |
| Income tax expense | (44,637) | (28,473) | (44,637) | (32,149) |
| Consolidated net loss | (89,190) | (9,187,628) | (2,475,291) | (19,831,855) |
| Less: Net loss (income) attributable to non-controlling interests | (5,047) | 401,529 | 99,354 | 287,840 |
| Net loss attributable to Amergent Hospitality Group Inc. | (94,237) | (8,786,099) | (2,375,937) | (19,544,015) |
| Dividends on redeemable preferred stock | (28,219) | |||
| Net loss attributable to common shareholders of Amergent Hospitality Group Inc. | $ (94,237) | $ (8,786,099) | $ (2,375,937) | $ (19,572,234) |
| Net loss attributable to Amergent Hospitality Group, Inc. per common share, basic: | $ (0.01) | $ (0.62) | $ (0.16) | $ (1.45) |
| Net loss attributable to Amergent Hospitality Group, Inc. per common share, diluted: | $ (0.01) | $ (0.62) | $ (0.16) | $ (1.45) |
| Weighted average shares outstanding, basic | 15,685,540 | 14,282,736 | 15,167,688 | 13,516,339 |
| Weighted average shares outstanding, diluted | 15,685,540 | 14,282,736 | 15,167,688 | 13,516,339 |
| Restaurant Sales Net [Member] | ||||
| Revenue: | ||||
| Total revenue | $ 6,106,261 | $ 4,509,082 | $ 15,288,320 | $ 13,881,380 |
| Gaming Income Net [Member] | ||||
| Revenue: | ||||
| Total revenue | 136,135 | 107,403 | 304,173 | 236,615 |
| Franchise Income [Member] | ||||
| Revenue: | ||||
| Total revenue | $ 116,179 | $ 85,666 | $ 314,603 | $ 183,864 |
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- Definition Asset impairment charge. No definition available.
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- Definition Change in the fair value of investment. No definition available.
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- Definition Employee retention credit/other grant income. No definition available.
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- Definition Gain on extinguished lease liabilities. No definition available.
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- Definition Restaurant cost of sales. No definition available.
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- Definition Restaurant pre-opening and closing expenses. No definition available.
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- Definition The current period expense charged against earnings on long-lived, physical assets not used in production, and which are not intended for resale, to allocate or recognize the cost of such assets over their useful lives; or to record the reduction in book value of an intangible asset over the benefit period of such asset; or to reflect consumption during the period of an asset that is not used in production. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of increase (decrease) in the fair value of derivatives recognized in the income statement. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Difference between the fair value of payments made and the carrying amount of debt which is extinguished prior to maturity. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The aggregate total of expenses of managing and administering the affairs of an entity, including affiliates of the reporting entity, which are not directly or indirectly associated with the manufacture, sale or creation of a product or product line. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount after tax of income (loss) from continuing operations attributable to the noncontrolling interest. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of interest expense classified as other. No definition available.
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- Definition The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount, after deduction of tax, noncontrolling interests, dividends on preferred stock and participating securities; of income (loss) available to common shareholders. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The aggregate amount of income or expense from ancillary business-related activities (that is to say, excluding major activities considered part of the normal operations of the business). Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- References No definition available.
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- Definition Generally recurring costs associated with normal operations except for the portion of these expenses which can be clearly related to production and included in cost of sales or services. Excludes Selling, General and Administrative Expense. No definition available.
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- Definition Generally recurring costs associated with normal operations except for the portion of these expenses which can be clearly related to production and included in cost of sales or services. Includes selling, general and administrative expense. No definition available.
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- References No definition available.
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- Definition The net result for the period of deducting operating expenses from operating revenues. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount of income (expense) related to nonoperating activities, classified as other. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Dividends paid to preferred stock holders that is redeemable solely at the option of the issuer. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount, excluding tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value added and excise. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- References No definition available.
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- Definition The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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