Amergent Hospitality Group, Inc (AMHG) Financial Statements (2025 and earlier)
Company Profile
| Business Address |
POST OFFICE BOX 470695 CHARLOTTE, NC 28247 |
| State of Incorp. | DE |
| Fiscal Year End | December 31 |
| Industry (SIC) | 581 - Eating And Drinking Places (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 12/31/2022 | 12/31/2021 | 12/31/2020 | |||
|---|---|---|---|---|---|
| ASSETS | |||||
| Current Assets | |||||
| Cash, cash equivalents, and short-term investments | 696 | 413 | |||
| Cash and cash equivalents | 646 | ||||
| Short-term investments | 50 | 413 | |||
| Restricted cash and investments | 1,672 | 1,250 | |||
| Inventory, net of allowances, customer advances and progress billings | 182 | 173 | |||
| Inventory | 182 | 173 | |||
| Other undisclosed current assets | 1,225 | 1,283 | |||
| Total current assets: | 3,775 | 3,119 | |||
| Noncurrent Assets | |||||
| Operating lease, right-of-use asset | 8,021 | 9,529 | |||
| Property, plant and equipment | 3,115 | 3,703 | |||
| Intangible assets, net (including goodwill) | 10,939 | 11,635 | |||
| Goodwill | 7,810 | 8,591 | |||
| Intangible assets, net (excluding goodwill) | 3,129 | 3,044 | |||
| Deposits noncurrent assets | 352 | 296 | |||
| Other undisclosed noncurrent assets | 16 | 365 | |||
| Total noncurrent assets: | 22,443 | 25,528 | |||
| TOTAL ASSETS: | 26,218 | 28,647 | |||
| LIABILITIES AND EQUITY | |||||
| Liabilities | |||||
| Current Liabilities | |||||
| Accounts payable and accrued liabilities, including: | 6,844 | 8,667 | |||
| Interest and dividends payable | ✕ | 196 | 122 | ||
| Taxes payable | ✕ | 2,149 | 3,356 | ||
| Accounts payable | 2,544 | 3,752 | |||
| Accrued liabilities | 1,955 | 1,437 | |||
| Other undisclosed accounts payable and accrued liabilities | |||||
| Deferred revenue | 1,545 | 165 | |||
| Debt | 4,448 | ||||
| Derivative instruments and hedges, liabilities | 185 | ||||
| Other undisclosed current liabilities | 7,863 | 1,935 | |||
| Total current liabilities: | 16,252 | 15,400 | |||
| Noncurrent Liabilities | |||||
| Long-term debt and lease obligation | 15,237 | 15,032 | |||
| Long-term debt, excluding current maturities | 6,593 | 4,354 | |||
| Liabilities, other than long-term debt | 907 | 109 | |||
| Deferred revenue | 757 | ||||
| Deferred income tax liabilities | 150 | 109 | |||
| Operating lease, liability | 8,644 | 10,678 | |||
| Other undisclosed noncurrent liabilities | 795 | ||||
| Total noncurrent liabilities: | 16,144 | 15,936 | |||
| Total liabilities: | 32,396 | 31,336 | |||
| Temporary equity, carrying amount | 58 | ||||
| Equity | |||||
| Equity, attributable to parent | (5,079) | (2,179) | |||
| Common stock | 2 | 1 | |||
| Additional paid in capital | 92,882 | 92,433 | |||
| Accumulated other comprehensive loss | (26) | ||||
| Accumulated deficit | (97,963) | (94,587) | |||
| Equity, attributable to noncontrolling interest | (1,157) | (970) | |||
| Total equity: | (6,236) | (3,148) | |||
| Other undisclosed liabilities and equity | 460 | ||||
| TOTAL LIABILITIES AND EQUITY: | 26,218 | 28,647 | |||
Income Statement (P&L) ($ in thousands)
| 12/31/2022 | 12/31/2021 | 12/31/2020 | ||
|---|---|---|---|---|
| Revenues | 20,652 | 18,764 | ||
| Gross profit: | 20,652 | 18,764 | ||
| Operating expenses | (24,146) | (27,028) | ||
| Operating loss: | (3,494) | (8,264) | ||
| Nonoperating income (expense) | 94 | (12,321) | ||
| Investment income, nonoperating | 58 | |||
| Other nonoperating income | 310 | 281 | ||
| Interest and debt expense | (656) | (134) | ||
| Loss from continuing operations before equity method investments, income taxes: | (4,056) | (20,719) | ||
| Other undisclosed income (loss) from continuing operations before income taxes | 656 | 134 | ||
| Loss from continuing operations before income taxes: | (3,400) | (20,584) | ||
| Income tax expense | (118) | (7) | ||
| Loss from continuing operations: | (3,518) | (20,591) | ||
| Loss before gain (loss) on sale of properties: | ✕ | (3,518) | (20,591) | |
| Other undisclosed net loss | ||||
| Net loss: | (3,518) | (20,591) | ||
| Other undisclosed net income attributable to parent | 142 | 620 | ||
| Net loss attributable to parent: | (3,376) | (19,971) | ||
| Preferred stock dividends and other adjustments | (28) | |||
| Net loss available to common stockholders, diluted: | (3,376) | (20,000) | ||
Comprehensive Income ($ in thousands)
| 12/31/2022 | 12/31/2021 | 12/31/2020 | ||
|---|---|---|---|---|
| Net loss: | (3,518) | (20,591) | ||
| Comprehensive loss: | (3,518) | (20,591) | ||
| Other undisclosed comprehensive income, net of tax, attributable to parent | 168 | 640 | ||
| Comprehensive loss, net of tax, attributable to parent: | (3,350) | (19,951) | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.