Investments
consist of the following:
SCHEDULE
OF INVESTMENT
|
|
|
|
|
|
|
|
|
(in thousands) |
|
June
30, 2022 |
|
|
December
31, 2021 |
|
Common stock of
Sonnet, at fair value (a) |
|
$ |
34 |
|
|
$ |
50 |
|
Chanticleer
Investors, LLC, at cost (b) |
|
|
16 |
|
|
|
16 |
|
Total |
|
$ |
50 |
|
|
$ |
66 |
|
|
(a) |
Represents
the fair value of the common stock of Sonnet held by the Company after its exercise of warrants received in connection with the Merger.
As of June 30, 2022, 122,064 shares of Sonnet were held. |
|
|
|
|
(b) |
Represents
the Company’s investment in Chanticleer Investors, LLC, which holds an interest in Hooters of America, the operator and franchisor
of the Hooters Brand worldwide. As of the dates presented, the Company’s effective economic interest in Hooters of America
was less than 1%. In March 2022, the Company received a dividend from its investment in Hooters of America of approximately $0.1
million, which is included in other income for the six months ended June 30, 2022 in our condensed consolidated statement of operations. |
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