Amergent Hospitality Group, Inc (AMHG) Financial Statements (2024 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 investments696413
Cash and cash equivalents646 
Short-term investments50413
Restricted cash and investments 1,6721,250
Inventory, net of allowances, customer advances and progress billings182173
Inventory182173
Other undisclosed current assets1,2251,283
Total current assets:3,7753,119
Noncurrent Assets
Operating lease, right-of-use asset8,0219,529
Property, plant and equipment3,1153,703
Intangible assets, net (including goodwill)10,93911,635
Goodwill7,8108,591
Intangible assets, net (excluding goodwill)3,1293,044
Deposits noncurrent assets352296
Other undisclosed noncurrent assets16365
Total noncurrent assets:22,44325,528
TOTAL ASSETS:26,21828,647
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:6,8448,667
Interest and dividends payable196122
Taxes payable2,1493,356
Accounts payable2,5443,752
Accrued liabilities1,9551,437
Other undisclosed accounts payable and accrued liabilities  
Deferred revenue1,545165
Debt 4,448
Derivative instruments and hedges, liabilities  185
Other undisclosed current liabilities7,8631,935
Total current liabilities:16,25215,400
Noncurrent Liabilities
Long-term debt and lease obligation15,23715,032
Long-term debt, excluding current maturities6,5934,354
Liabilities, other than long-term debt907109
Deferred revenue757 
Deferred income tax liabilities150109
Operating lease, liability8,64410,678
Other undisclosed noncurrent liabilities  795
Total noncurrent liabilities:16,14415,936
Total liabilities:32,39631,336
Temporary equity, carrying amount58 
Equity
Equity, attributable to parent(5,079)(2,179)
Common stock21
Additional paid in capital92,88292,433
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:26,21828,647

Income Statement (P&L) ($ in thousands)

12/31/2022
12/31/2021
12/31/2020
Revenues20,65218,764
Gross profit:20,65218,764
Operating expenses(24,146)(27,028)
Operating loss:(3,494)(8,264)
Nonoperating income (expense)94(12,321)
Investment income, nonoperating58 
Other nonoperating income310281
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 taxes656134
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 parent142620
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 parent168640
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.

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