Amergent Hospitality (AMHGQ) 10-Q 13 Dec 22 2022 Q3 Quarterly report Financial data

Cover

Cover - shares	9 Months Ended
	Sep. 30, 2022	Nov. 15, 2022
Cover [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Quarterly Report	true
Document Transition Report	false
Document Period End Date	Sep. 30, 2022
Document Fiscal Period Focus	Q3
Document Fiscal Year Focus	2022
Current Fiscal Year End Date	--12-31
Entity File Number	000-56160
Entity Registrant Name	AMERGENT HOSPITALITY GROUP INC.
Entity Central Index Key	0001805024
Entity Tax Identification Number	84-4842958
Entity Incorporation, State or Country Code	DE
Entity Address, Address Line One	7529 Red Oak Lane
Entity Address, City or Town	Charlotte
Entity Address, State or Province	NC
Entity Address, Postal Zip Code	28226
City Area Code	(704)
Local Phone Number	366-5122
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		15,706,736

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Current assets:
Cash	$ 704	$ 646
Restricted cash		1,672
Investments	13	50
Accounts and other receivables	861	865
Inventories	205	182
Prepaid expenses and other current assets	372	360
TOTAL CURRENT ASSETS	2,155	3,775
Property and equipment, net	3,222	3,115
Operating lease assets	7,630	8,021
Intangible assets, net	2,932	3,129
Goodwill	7,810	7,810
Investments	16	16
Deposits and other assets	355	352
TOTAL ASSETS	24,120	26,218
Current liabilities:
Accounts payable and accrued expenses	8,122	6,844
Current portion of long-term debt and notes payable (includes debt measured at fair value of $893 and debt discounts of $196 at September 30, 2022)	3,648	3,264
Current portion of operating lease liabilities	4,050	4,599
Deferred grant income		1,545
TOTAL CURRENT LIABILITIES	15,820	16,252
Operating lease liabilities, net of current portion	8,239	8,644
Contract liabilities	72	757
Deferred tax liabilities	150	150
Long-term debt and notes payable, net of current portion (includes debt measured at fair value d $599 December 31, 2021)	7,745	6,593
TOTAL LIABILITIES	32,026	32,396
Commitments and contingencies (see Note 12)
Convertible Preferred Stock: Series 2: $1,000 stated value; authorized 1,500 shares; 100 issued and outstanding at both September 30, 2022 and December 31, 2021	58	58
Stockholders’ Deficit:
Common stock: $0.0001 par value; authorized 50,000,000 shares; 15,706,736 shares issued and outstanding at both September 30, 2022 and December 31, 2021	2	2
Additional paid-in-capital	93,162	92,882
Accumulated deficit	(99,865)	(97,963)
Total Amergent Hospitality Group Inc. Stockholders’ Deficit	(6,701)	(5,079)
Non-controlling interests	(1,263)	(1,157)
TOTAL STOCKHOLDERS’ DEFICIT	(7,964)	(6,236)
TOTAL LIABILITIES, CONVERTIBLE PREFERRED STOCK AND STOCKHOLDERS’ DEFICIT	$ 24,120	$ 26,218

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Notes payable fair value disclosure	$ 893	$ 599
Debt discount	$ 196
Common stock, par value	$ 0.0001	$ 0.0001
Common stock, shares authorized	50,000,000	50,000,000
Common stock, shares issued	15,706,736	15,706,736
Common stock, shares, outstanding	15,706,736	15,706,736
Convertible Preferred Stock Series 2 [Member]
Convertible preferred stock, par value	$ 1,000	$ 1,000
Convertible preferred stock, shares authorized	1,500	1,500
Convertible preferred stock, shares issued	100	100
Convertible preferred stock, shares outstanding	100	100

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations (Unaudited) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Revenue:
Total revenue	$ 5,401	$ 5,879	$ 16,627	$ 15,907
Expenses:
Restaurant cost of sales	1,675	1,850	4,868	4,783
Restaurant operating expenses	4,162	3,400	11,320	10,100
General and administrative expenses	1,206	1,381	4,348	3,756
Asset impairment charges				1,288
Depreciation and amortization	170	214	593	673
Employee retention credit and other grant income	(373)	(1,232)	(2,208)	(2,705)
Total expenses	6,840	5,613	18,921	17,895
Operating (loss) income	(1,439)	266	(2,294)	(1,988)
Other income (expense):
Interest expense	(230)	(166)	(641)	(482)
Change in fair value of derivative liabilities				119
Change in fair value of investment	(22)	(100)	(38)	(221)
Change in fair value of convertible promissory note	35		206
Gain on extinguished/settled lease liabilities		67	256	385
Gain on extinguished trade payable			161
Other income	33	(9)	344	165
Total other income	(184)	(208)	288	(34)
(Loss) income before income taxes	(1,623)	58	(2,006)	(2,022)
Income tax expense		(45)	(2)	(45)
Consolidated net (loss) income	(1,623)	13	(2,008)	(2,067)
Less: Net (income) loss attributable to non-controlling interests	150	(5)	107	99
Net (loss) income attributable to Amergent Hospitality Group Inc.	$ (1,473)	$ 8	$ (1,901)	$ (1,968)
Net (loss) income attributable to Amergent Hospitality Group Inc. per common share, basic	$ (0.09)	$ 0	$ (0.12)	$ (0.13)
Net (loss) income attributable to Amergent Hospitality Group Inc. per common share, diluted	$ (0.09)	$ 0	$ (0.12)	$ (0.13)
Weighted average shares outstanding, basic	15,706,736	15,685,540	15,706,736	15,167,688
Weighted average shares outstanding, diluted	15,706,736	17,685,540	15,706,736	15,167,688
Restaurant Sales Net [Member]
Revenue:
Total revenue	$ 5,176	$ 5,627	$ 15,257	$ 15,288
Gaming Income Net [Member]
Revenue:
Total revenue	109	136	357	304
Franchise Income [Member]
Revenue:
Total revenue	$ 116	$ 116	$ 1,013	$ 315

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Comprehensive Loss (Unaudited) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Income Statement [Abstract]
Net (loss) income attributable to Amergent Hospitality Group Inc.	$ (1,473)	$ 8	$ (1,901)	$ (1,968)
Foreign currency translation loss		(34)		(19)
Comprehensive loss	$ (1,473)	$ (26)	$ (1,901)	$ (1,987)

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Convertible Preferred Stock and Stockholders' Deficit (Unaudited) - USD ($) $ in Thousands	Temporary Equity Preferred Series 2 [Member]	Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	AOCI Attributable to Parent [Member]	Noncontrolling Interest [Member]	Total
Beginning balance, value at Dec. 31, 2020	$ 460	$ 1	$ 92,433	$ (94,587)	$ (26)	$ (970)	$ (3,149)
Beginning balance, shares at Dec. 31, 2020	787	14,282,736
Net-income (loss)				(2,412)		(165)	(2,577)
Conversion of preferred stock into common stock	$ (73)		73				73
Conversion of preferred stock into common stock, shares	(125)	250,000
Foreign currency translation					9		9
Ending balance, value at Mar. 31, 2021	$ 387	$ 1	92,506	(96,999)	(17)	(1,135)	(5,644)
Ending balance, shares at Mar. 31, 2021	662	14,532,736
Beginning balance, value at Dec. 31, 2020	$ 460	$ 1	92,433	(94,587)	(26)	(970)	(3,149)
Beginning balance, shares at Dec. 31, 2020	787	14,282,736
Net-income (loss)							(2,067)
Foreign currency translation							(19)
Ending balance, value at Sep. 30, 2021	$ 58	$ 2	92,876	(96,554)	(44)	(1,115)	(4,835)
Ending balance, shares at Sep. 30, 2021	100	15,706,736
Beginning balance, value at Mar. 31, 2021	$ 387	$ 1	92,506	(96,999)	(17)	(1,135)	(5,644)
Beginning balance, shares at Mar. 31, 2021	662	14,532,736
Net-income (loss)				437		60	497
Conversion of preferred stock into common stock	$ (329)	$ 1	328				329
Conversion of preferred stock into common stock, shares	(562)	1,124,000
Foreign currency translation					7		7
Ending balance, value at Jun. 30, 2021	$ 58	$ 2	92,834	(96,562)	(10)	(1,075)	(4,811)
Ending balance, shares at Jun. 30, 2021	100	15,656,736
Share-based compensation expense			15				15
Net-income (loss)				8		5	13
Foreign currency translation					(34)		(34)
Issuance of common stock for services			27				27
Issuance of common stock for services, shares		50,000
Non-controlling interest distributions						(45)	(45)
Ending balance, value at Sep. 30, 2021	$ 58	$ 2	92,876	(96,554)	(44)	(1,115)	(4,835)
Ending balance, shares at Sep. 30, 2021	100	15,706,736
Beginning balance, value at Dec. 31, 2021	$ 58	$ 2	92,882	(97,963)		(1,157)	(6,236)
Beginning balance, shares at Dec. 31, 2021	100	15,706,736
Share-based compensation expense			6				6
Issuance of warrants			263				263
Net-income (loss)				(27)		(1)	(28)
Ending balance, value at Mar. 31, 2022	$ 58	$ 2	93,151	(97,990)		(1,158)	(5,995)
Ending balance, shares at Mar. 31, 2022	100	15,706,736
Beginning balance, value at Dec. 31, 2021	$ 58	$ 2	92,882	(97,963)		(1,157)	(6,236)
Beginning balance, shares at Dec. 31, 2021	100	15,706,736
Net-income (loss)							(2,008)
Foreign currency translation
Ending balance, value at Sep. 30, 2022	$ 58	$ 2	93,162	(99,865)		(1,263)	(7,964)
Ending balance, shares at Sep. 30, 2022	100	15,706,736
Beginning balance, value at Mar. 31, 2022	$ 58	$ 2	93,151	(97,990)		(1,158)	(5,995)
Beginning balance, shares at Mar. 31, 2022	100	15,706,736
Share-based compensation expense			5				5
Net-income (loss)				(402)		45	(357)
Ending balance, value at Jun. 30, 2022	$ 58	$ 2	93,156	(98,392)		(1,113)	(6,347)
Ending balance, shares at Jun. 30, 2022	100	15,706,736
Share-based compensation expense			6				6
Net-income (loss)				(1,473)		(150)	(1,623)
Foreign currency translation
Ending balance, value at Sep. 30, 2022	$ 58	$ 2	$ 93,162	$ (99,865)		$ (1,263)	$ (7,964)
Ending balance, shares at Sep. 30, 2022	100	15,706,736

Condensed Consolidated Statem_4

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Cash flows from operating activities:
Net loss	$ (1,623)	$ 13	$ (2,008)	$ (2,067)
Adjustments to reconcile net loss to net cash flows used in operating activities:
Depreciation and amortization	170	214	593	673
Amortization of operating lease assets			994	468
Asset impairment charges				1,288
Gain on extinguished/settled lease liabilities		(67)	(256)	(385)
Gain on extinguished trade payable			(161)
Share-based compensation			17	15
Change in fair value of investment	22	100	38	221
Change in fair value of convertible promissory note	(35)		(206)
Amortization of debt discount			245	134
Issuance of common stock for services				27
Change in fair value of derivative liabilities				(119)
Change in operating assets and liabilities:
Accounts and other receivables			4	255
Inventories			(23)	38
Prepaid expenses and other assets			(15)	(4)
Accounts payable and accrued expenses			1,334	(2,283)
Deferred grant income			(1,545)	(51)
Deferred rent				(42)
Derivative liability				(66)
Operating lease liabilities			(1,557)	(861)
Contract liabilities			(685)	(54)
Net cash flows used in operating activities			(3,231)	(2,814)
Cash flows from investing activities:
Cash and restricted acquired in connection with acquisition of PizzaRev				2,071
Purchase of property and equipment			(230)	(32)
Proceeds from sale of investments				118
Net cash flows used in investing activities			(230)	2,157
Cash flows from financing activities:
Proceeds from long-term debt and notes payable			2,147	2,000
Payments of long-term debt and notes payable			(292)	(54)
Payment of financing cost			(8)
Distribution to non-controlling interest				(45)
Net cash flows provided by financing activities			1,847	1,901
Effect of exchange rate changes on cash				(13)
Net (decrease) increase in cash and restricted cash, including cash classified as current assets held for sale			(1,614)	1,231
Less: cash classified in current assets held for sale				(111)
Net increase in cash and restricted cash			(1,614)	1,121
Cash and restricted cash, beginning of period			2,318	1,929
Cash and restricted cash, end of period	704	3,050	704	3,050
Supplemental cash flow information:
Interest			494	321
Income taxes			28
Non-cash operating, investing and financing activities:
Conversion of Preferred Series 2 stock to common stock				401
Change in operating lease assets and liabilities due to amended leases			607
Issuance of warrants in connection with convertible promissory notes			263
Purchases of property and equipment included in accounts payable and accrued expenses			273
Issuance of convertible promissory note as part of PizzaRev acquisition				1,194
Initial value of ROU asset and liability recorded at inception				131
Details of end of period cash and restricted cash:
Cash	704	1,101	704	1,101
Restricted cash		1,949		1,949
Total cash and restricted cash	$ 704	$ 3,050	$ 704	$ 3,050

NATURE OF BUSINESS AND BASIS OF

NATURE OF BUSINESS AND BASIS OF PRESENTATION	9 Months Ended
	Sep. 30, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
NATURE OF BUSINESS AND BASIS OF PRESENTATION	1. NATURE OF BUSINESS AND BASIS OF PRESENTATION Nature of Business Amergent Hospitality Group Inc. (“Amergent”) was incorporated on February 18, 2020 as a wholly owned subsidiary of Chanticleer Holdings, Inc. (“Chanticleer”) for the purpose of conducting the business of Chanticleer and its subsidiaries after completion of the spin-off of Amergent to the shareholders of Chanticleer (Spin-Off”). The Spin-Off transaction was completed on April 1, 2020 in connection with Chanticleer’s completion of its merger transaction (the “Merger”) with Sonnet BioTherapeutics, Inc. (“Sonnet”). Amergent is in the business of owning, operating and franchising fast casual dining concepts. Basis of Presentation The accompanying condensed consolidated financial statements include the accounts of Amergent and its subsidiaries (collectively “we,” “us,” “our,” or the “Company”). All intercompany and inter-entity balances have been eliminated in consolidation. The accompanying condensed consolidated financial statements have been prepared in conformity with generally accepted accounting principles of the United States (“U.S. GAAP”). Any reference in these notes to applicable guidance is meant to refer to U.S. GAAP as found in the Accounting Standards Codification (“ASC”) and Accounting Standards Updates (“ASU”) promulgated by the Financial Accounting Standards Board (“FASB”). The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. Significant estimates include the valuation of options, warrants and convertible notes payable using Black-Scholes and Monte Carlo models, and analysis of the recoverability of goodwill and long-lived assets. Actual results could differ from those estimates, particularly given the significant social and economic disruptions and uncertainties associated with the ongoing COVID-19 pandemic and the COVID-19 control responses. Certain prior year amounts have been updated to conform to the current period presentation, (see Note 14). The Company has opted to present the financial information on the condensed consolidated balance sheets and condensed consolidated statements of operations, comprehensive loss, convertible preferred stock and stockholders’ deficit and cash flows in thousands. General The accompanying condensed consolidated financial statements included in this Report have been prepared by the Company pursuant to the rules and regulations of the U.S. Securities and Exchange Commission (“SEC”) for interim reporting and include all adjustments (consisting only of normal recurring adjustments) that are, in the opinion of management, necessary for a fair presentation. These condensed consolidated financial statements have not been audited. The condensed consolidated balance sheet as of December 31, 2021 has been derived from the audited consolidated financial statements as of December 31, 2021 and for the year then ended included in Amergent’s Annual Report on Form 10-K filed with the SEC on April 15, 2022. The results of operations for the three and nine-month periods ended September 30, 2022 are not necessarily indicative of the operating results for the full year ending December 31, 2022. Certain information and footnote disclosures normally included in consolidated financial statements prepared in accordance with generally accepted accounting principles of the United States (“U.S. GAAP”) have been condensed or omitted pursuant to such rules and regulations for interim reporting. The Company believes that the disclosures contained herein are adequate to make the information presented not misleading. However, these financial statements should be read in conjunction with the audited consolidated financial statements and notes thereto included in Amergent’s Annual Report on Form 10-K for the year ended December 31, 2021 (“2021 Form 10-K”) previously filed with the SEC. There have been no changes to our significant accounting policies described in our 2021 Form 10-K that would have had a significant impact on these unaudited condensed consolidated financial statements and related notes. Liquidity, Capital Resources and Going Concern As of September 30, 2022, the Company’s cash balance was $ 0.7 13.7 ● our ability to access the capital and debt markets to satisfy current obligations and operate the business; ● our ability to qualify for and access financial stimulus programs available through federal and state government programs; ● our ability to refinance or otherwise extend maturities of current debt obligations; ● our ability to manage our operating expenses and maintain gross margins; ● popularity of and demand for our fast-casual dining concepts; and ● general economic conditions and changes in consumer discretionary income. We have typically funded our operating costs, acquisition activities, working capital requirements and capital expenditures with proceeds from the issuances of our common stock and other financing arrangements, including convertible debt, lines of credit, notes payable, capital leases, government stimulus funds and other forms of external financing. The Company expects to have to seek additional debt or equity funding to support operations and there can be no assurances that such funding would be available at commercially reasonable terms, if at all. As Amergent executes its business plan over the next 12 months, it intends to carefully monitor its working capital needs and cash balances relative to the availability of cost-effective debt and equity financing. In the event that capital is not available, Amergent may then have to scale back or freeze its growth plans, sell assets on less than favorable terms, reduce expenses, and/or curtail future acquisition plans to manage its liquidity and capital resources. The Company’s current operating losses, combined with its working capital deficit, raise substantial doubt about its ability to continue as a going concern. The accompanying condensed consolidated financial statements do not include any adjustments relating to the recoverability and classification of recorded asset amounts and classification of liabilities that might be necessary should the Company be unable to continue as a going concern.

RECENTLY ISSUED ACCOUNTING PRON

RECENTLY ISSUED ACCOUNTING PRONOUNCEMENTS	9 Months Ended
	Sep. 30, 2022
Recently Issued Accounting Pronouncements
RECENTLY ISSUED ACCOUNTING PRONOUNCEMENTS	2. RECENTLY ISSUED ACCOUNTING PRONOUNCEMENTS In May 2021, the FASB issued ASU 2021-04, Earnings per Share (Topic 260), Debt – Modifications and Extinguishments (Subtopic 470-50), Compensation – Stock Compensation (Topic 718), and Derivatives and Hedging – Contracts in Entity’s Own Equity (Subtopic 815-40): Issuer’s Accounting for Certain Modifications or Exchanges or Freestanding Equity-Classified Written Call Options In November 2021, the FASB issued ASU 2021-10, Government Assistance (Topic ASC 832): Disclosures by Business Entities about Government Assistance We reviewed all other recently issued accounting pronouncements and concluded that they were either not applicable or not expected to have a significant impact to the condensed consolidated financial statements.

EMPLOYEE RETENTION CREDIT AND R

EMPLOYEE RETENTION CREDIT AND RESTAURANT REVITALIZATION FUND	9 Months Ended
	Sep. 30, 2022
Employee Retention Credit And Restaurant Revitalization Fund
EMPLOYEE RETENTION CREDIT AND RESTAURANT REVITALIZATION FUND	3. EMPLOYEE RETENTION CREDIT AND RESTAURANT REVITALIZATION FUND Employee Retention Credit The Employee Retention Credit (“ERC”) under the Coronavirus Aid, Relief, and Economic Security Act (“CARES Act”) is a refundable tax credit which encouraged businesses to keep employees on the payroll during the COVID-19 pandemic. Although the program ended on January 1, 2022, the Company performed an analysis during the nine months ended September 30, 2022 and determined that it was eligible for additional credits related to 2021 wages. As of each of September 30, 2022 and December 31, 2021, approximately $ 0.8 0 .7 1.2 2.7 In addition to the ERC, the Company received credits under other government/government agency programs of approximately $- 0 128,000 0 41,000 112,000 44,000 Restaurant Revitalization Fund The American Rescue Plan Act established the Restaurant Revitalization Fund (“RRF”) to provide funding to help restaurants and other eligible businesses keep their doors open. This program provided restaurants with funding equal to their pandemic-related revenue loss up to $10.0 million per business and no more than $5.0 million per physical location 10.0 2.0 nil 1.7 0.4 1.5 The Company periodically would submit to the escrow agent for the acquisition the planned uses of these funds, and the sellers had the right to review the planned uses to determine whether, in the sellers’ opinion, the planned uses met the criteria of “eligible uses” under the RRF. If determined to not meet such criteria, then the escrow agent would not distribute that portion of the request. As the Company acquired all the outstanding membership interests in Pie Squared Holdings, the Company is now responsible that the grant proceeds were, in fact, properly obtained and disbursed for “eligible uses.” If it is determined that Pie Squared Holdings obtained the grant improperly or that disbursements of such grant monies were not “eligible uses,” then the Company would be responsible for the ramifications of such actions, including repayment of the approximately $ 10.0

REVENUE

REVENUE	9 Months Ended
	Sep. 30, 2022
Revenue from Contract with Customer [Abstract]
REVENUE	4. REVENUE Contract Liabilities Contract liabilities consist of deferred revenue resulting from initial and renewal franchise license fees paid by franchisees, which are generally recognized on a straight-line basis over the term of the underlying franchise agreement, as well as upfront development fees paid by franchisees, which are generally recognized on a straight-line basis over the term of the underlying franchise agreement once it is executed. The recognition of initial and renewal license fees is accelerated if the franchise or development agreement is terminated. During the nine months ended September 30, 2022, the Company recognized $ 0.7

FAIR VALUE OF FINANCIAL INSTRUM

FAIR VALUE OF FINANCIAL INSTRUMENTS	9 Months Ended
	Sep. 30, 2022
Fair Value Disclosures [Abstract]
FAIR VALUE OF FINANCIAL INSTRUMENTS	5. FAIR VALUE OF FINANCIAL INSTRUMENTS The table below reflects the level of the inputs used in the Company’s fair value calculations: SCHEDULE OF FAIR VALUE MEASUREMENTS, RECURRING AND NONRECURRING (in thousands) Quoted Prices in Active Markets (Level 1) Significant Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Total Fair Value September 30, 2022 Assets (Note 6) Common stock of Sonnet $ 16 $ — $ — $ 16 Liabilities (Note 9) Convertible note payable $ — $ — $ 893 $ 893 (in thousands) Quoted Prices in Active Markets (Level 1) Significant Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Total Fair Value December 31, 2021 Assets (Note 6) Common stock of Sonnet $ 50 $ — $ — $ 50 Liabilities (Note 9) Convertible note payable $ — $ — $ 1,099 $ 1,099 The Company is required to disclose fair value information about financial instruments when it is practicable to estimate that value. The carrying amounts of the Company’s cash, restricted cash, accounts receivable, other receivables, accounts payable, other current liabilities, convertible notes payable (other than the convertible note payable discussed below) and notes payable approximate fair value due to the short-term maturities of these financial instruments and/or because related interest rates offered to the Company approximate current rates. The Company evaluated the convertible note payable issued in connection with the acquisition of Pie Squared Holdings (see Note 9) in accordance with ASC Topic 815, Derivatives and Hedging The estimated fair value of the convertible note payable was determined using a Black-Scholes model and the following assumptions as of September 30, 2022: SCHEDULE OF ESTIMATED FAIR VALUE ASSUMPTIONS Volatility 140.60 % Risk free rate 3.92 % Stock price $ 0.08 Credit spread 25.70 % The reconciliation of the convertible note payable measured at fair value on a recurring basis using significant unobservable inputs (Level 3) is as follows: SCHEDULE OF FAIR VALUE LIABILITIES MEASURED ON RECURRING BASIS (in thousands) Nine months ended September 30, 2022 Balance at January 1, 2022 $ 1,099 Change in fair value (206 ) Balance at September 30, 2022 $ 893

INVESTMENTS

INVESTMENTS	9 Months Ended
	Sep. 30, 2022
Investments, All Other Investments [Abstract]
INVESTMENTS	6. INVESTMENTS Investments consist of the following: SCHEDULE OF INVESTMENT (in thousands) September 30, 2022 December 31, 2021 Common stock of Sonnet, at fair value (a) $ 13 $ 50 Chanticleer Investors, LLC, at cost (b) 16 16 Total $ 29 $ 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 September 30, 2022, 8,718 (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% 0.1

PROPERTY AND EQUIPMENT, NET

PROPERTY AND EQUIPMENT, NET	9 Months Ended
	Sep. 30, 2022
Property, Plant and Equipment [Abstract]
PROPERTY AND EQUIPMENT, NET	7. PROPERTY AND EQUIPMENT, NET Property and equipment, net consists of the following: SCHEDULE OF PROPERTY, PLANT AND EQUIPMENT (in thousands) September 30, 2022 December 31, 2021 Leasehold improvements $ 5,772 $ 5,511 Restaurant furniture and equipment 2,665 2,768 Construction in progress — 20 Office and computer equipment 37 33 Office furniture and fixtures — 57 Property,plant and equipment, gross 8,474 8,389 Accumulated depreciation and amortization (5,252 ) (5,274 ) Property, plant and equipment, net $ 3,222 $ 3,115 Through September 30, 2021, we performed an analysis of the recoverability of the carrying value of our property and equipment. Based on the analysis, an impairment charge of approximately $ 0.3 We recognized depreciation expense of $ 0.2 0.4 0.3 0.8

INTANGIBLE ASSETS, NET

INTANGIBLE ASSETS, NET	9 Months Ended
	Sep. 30, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
INTANGIBLE ASSETS, NET	8. INTANGIBLE ASSETS, NET Goodwill A roll forward of goodwill is as follows: SCHEDULE OF GOODWILL (in thousands) Nine months Ended September 30, 2022 Year Ended December 31, 2021 Beginning balance $ 7,810 $ 8,591 Acquisition of Pie Squared Holdings — 51 Sale of Hooters UK — (820 ) Foreign currency translation loss — (12 ) Ending balance $ 7,810 $ 7,810 The Company performed a qualitative assessment at September 30, 2022 based on the best judgment of management for the future of the reporting unit and on information known at the time of the assessment and determined that it was more likely than not that the fair value of its reporting unit exceeded the carrying amount and, therefore, a quantitative assessment was not deemed necessary, and no impairment was recorded to goodwill. Other Intangible Assets Franchise and trademark/tradename intangible assets consist of the following: SCHEDULE OF FINITE - LIVED INTANGIBLE ASSETS (in thousands) September 30, 2022 December 31, 2021 Trademark, Tradenames: American Roadside Burger 10 $ 561 $ 561 BGR: The Burger Joint Indefinite 739 739 Little Big Burger Indefinite 1,550 1,550 PizzaRev 5 410 410 3,260 3,260 Acquired Franchise Rights: BGR: The Burger Joint 7 828 828 PizzaRev 5 410 410 1,238 1,238 Total intangibles at cost 4,498 4,498 Accumulated amortization (1,566 ) (1,369 ) Intangible assets, net $ 2,932 $ 3,129 As of September 30, 2021, we performed an analysis of the recoverability of the carrying value of our intangible assets. Based on the analysis, an impairment charge of approximately $ 0.3 We recognized amortization expense of $ 0.1 0.2 0.01 0.3 Amortization expense for the next five years is as follows (in thousands): SCHEDULE OF AMORTIZATION OF INTANGIBLE ASSETS Year ending December 31: 2022 (remaining three months) $ 41 2023 164 2024 164 2025 164 2026 110 Amortization Expense, net $ 643

LONG-TERM DEBT AND NOTES PAYABL

LONG-TERM DEBT AND NOTES PAYABLE	9 Months Ended
	Sep. 30, 2022
Debt Disclosure [Abstract]
LONG-TERM DEBT AND NOTES PAYABLE	9. LONG-TERM DEBT AND NOTES PAYABLE Long-term debt and notes payable are summarized as follows: SCHEDULE OF DEBT AND NOTES PAYABLE (in thousands) September 30, 2022 December 31, 2021 10% convertible debt (a) $ 4,038 $ 4,038 8% convertible debt (b) 1,350 — Convertible promissory note (measured at fair value) (c) 893 1,099 PPP loans (d) 4,109 4,109 EIDL loans (e) 300 300 Contractor note (f) 348 348 Notes payable (g) 545 — Total Debt 11,583 9,894 Less: discount on convertible debt (a), (b) (190 ) (37 ) Total Debt, net of discount $ 11,393 $ 9,857 Current portion of long-term debt and notes payable $ 3,648 $ 3,264 Long-term debt and notes payable, less current portion $ 7,745 $ 6,593 (a) In connection with and prior to the Spin-Off and Merger, on April 1, 2020, pursuant to an agreement among Chanticleer, Oz Rey, LLC (“Oz Rey”) and certain original holders of the 8% non-convertible debentures that were satisfied during 2020, the Company issued a 10% secured convertible debenture (the “10% Convertible Debt”) to Oz Rey in exchange for the 8% non-convertible debentures. The principal amount of the 10% Convertible Debt is $4.0 million and is payable in full on April 1, 2024, subject to extension by the holders in two-year intervals for up to 10 years from the issuance date upon Amergent meeting certain conditions 2,925,200 0.125 2,462,600 0.50 462,500 10 The 10% Convertible Debt was previously amended to fix the conversion rate into common stock at $ 0.10 2.1 20,500,000 The Company recorded a debt discount of approximately $ 0.4 In connection with the 8% Convertible Debt transaction described in (b) below, the maturity date of the 10% Convertible Debt was extended to April 1, 2024 and Oz Rey agreed to subordinate payment of its 10% Convertible Debt to payment of the 8% Convertible Debt, which has been accounted for as a loan modification. In addition, Oz Rey received a fee equal to 2.0% of the principal amount of the 8% Convertible Debt issued in the transaction, which has been recorded as a debt discount and is being amortized over the two-year term of the related debt (b) In March 2022, the Company commenced a private placement of up to $ 3.0 3,000,000 1.35 The 8% Convertible Debt matures 18 months after issuance and is subject to acceleration in the event of customary events of default. Interest is payable quarterly in cash. The 8% Convertible Debt may be converted by the holders at any time at a fixed conversion price of $ 0.40 0.50 Both the notes and the warrants include a beneficial ownership blocker of 4.99% and contain customary provisions preventing dilution and providing the holders rights in the event of fundamental transactions. Upon the earlier of the maturity date or the one-year anniversary of conversion of the 8% Convertible Debt, holders of 51% of the registerable securities may request the Company to file a registration statement for the securities five years 3,375,000 The Company analyzed the 8% Convertible Debt and did not identify any embedded features that require bifurcation from the host and accounting as derivatives. However, as the convertible notes payable were issued with warrants, the net proceeds from the issuance were allocated to the 8% Convertible Debt and the warrants based on their relative fair values, resulting in an allocation of $ 1.0 0.3 0.3 (c) On August 30, 2021, the Company purchased all of the outstanding membership interests in Pie Squared Holdings. The purchase price was funded through the issuance of an 8% secured, convertible promissory note with a face value of $ 1.0 1.2 0.50 2.00 2,000,000 Interest on the convertible promissory note is due quarterly and $ 0.5 March 31, 2023 August 30, 2023 (d) On April 27, 2020, Amergent received a Paycheck Protection Program (“PPP”) loan in the amount of approximately $ 2.1 1 0.1 On February 25, 2021, the Company received a second PPP loan in the amount of $ 2.0 1 February 25, 2026 45,000 (e) On August 4, 2020, the Company obtained two loans under the Economic Injury Disaster Loan (“EIDL”) assistance program from the U.S. SBA in light of the impact of the COVID-19 pandemic on the Company’s business. The principal amount of the loans is $ 0.3 3.75 1,462 (f) The Company entered into a promissory note to repay a contractor for the build-out of a new Little Big Burger location. The note bears interest at 12 0.4 0.1 (g) In February and March 2022, eight company-owned stores entered into notes payable to Toast Capital Loans. The terms of the notes require payment of 13.2 270 15 In August 2022, the Company entered into a Future Revenue Sales Agreement with Sprout Funding which is being treated as a note payable. The Company received a net $ 0.2 million and the terms of the note require 180 1,359 80% In August 2022, the Company received a loan from a related party of $ 0.3 December 15, 2022 1 The Company’s various loan agreements contain financial and non-financial covenants and provisions providing for cross-default. The evaluation of compliance with these provisions is subject to interpretation and the exercise of judgment. Oz Rey has provided a waiver of certain financial covenants through April 30, 2023. Maturities of our debt as of September 30, 2022 are presented below (in thousands): SCHEDULE OF FUTURE MINIMUM PAYMENTS Year ending December 31: 2022 (remaining three months) $ 1,204 2023 2,876 2024 4,572 2025 540 2026 90 Thereafter 300 Forgiven PPP Loan 2,109 Total debt maturities 11,691 Less: discount on convertible debt (190 ) Less: fair value adjustment (107 ) Total debt $ 11,393

ACCOUNTS PAYABLE AND ACCRUED EX

ACCOUNTS PAYABLE AND ACCRUED EXPENSES	9 Months Ended
	Sep. 30, 2022
Payables and Accruals [Abstract]
ACCOUNTS PAYABLE AND ACCRUED EXPENSES	10 ACCOUNTS PAYABLE AND ACCRUED EXPENSES Accounts payable and accrued expenses are summarized as follows: SCHEDULE OF ACCOUNTS PAYABLE AND ACCRUED EXPENSES (in thousands) September 30, 2022 December 31, 2021 Accounts payable $ 3,340 $ 2,544 Accrued expenses 2,140 1,955 Accrued taxes (VAT, sales, payroll, etc.) 2,292 2,149 Accrued interest 350 196 Accounts payable and accrued expenses, total $ 8,122 $ 6,844 As of September 30, 2022 and December 31, 2021, approximately $ 2.1 2.0 0.1 0.8 As of September 30, 2022, and December 31, 2021, the Company had no

STOCKHOLDERS_ EQUITY

STOCKHOLDERS’ EQUITY	9 Months Ended
	Sep. 30, 2022
Equity [Abstract]
STOCKHOLDERS’ EQUITY	11. STOCKHOLDERS’ EQUITY 2020 Bridge Financing Pursuant to a Securities Purchase Agreement dated February 7, 2020, the Company sold 1,500 713 The shareholders of Chanticleer common stock received shares of Amergent on a 1 for 1 basis (spin-off shares) and received 1 share of Sonnet common stock for 26 shares of Chanticleer common stock held at the time of the Merger. During the year ended December 31, 2021, the investors converted 637 1,274,000 150 50 100,000 100 The Series 2 Preferred is classified in the accompanying condensed consolidated balance sheets as temporary equity due to certain contingent redemption features which are outside the control of the Company. Designations, rights and preferences of Series 2 Preferred: Stated value: 1,000 True-Up Payment: 125 0.1 The Company determined that the True-Up Payment constituted a “make-whole” provision as defined by U.S. GAAP that was required to be settled in cash and, as such, was bifurcated from the host instrument, the Series 2 Preferred. It was accounted for as a derivative liability prior to settlement, with changes in fair value recorded in change in fair value of derivative liabilities in the condensed consolidated statement of operations. A $ 0.1 0.1 Redemption Conversion at option of holder/ beneficial ownership limitation: 1.00 0.50 4.99 9.99 Liquidation preference: 125 Voting rights: Triggering events: Anti-dilution: Warrants At September 30, 2022, the outstanding warrants consisted of the following: SCHEDULE OF OUTSTANDING WARRANTS Date Issued Number of Warrants Exercise Price Expiration Date April 1, 2020 2,462,600 $ 0.125 April 1, 2030 April 1, 2020 462,600 $ 0.500 April 1, 2030 March 30, 2020 350,000 $ 1.250 March 30, 2025 August 17, 2020 134,000 $ 1.250 August 17, 2025 March 15, 2022 250,000 $ 0.500 March 15, 2027 March 21, 2022 250,000 $ 0.500 March 21, 2027 March 22, 2022 250,000 $ 0.500 March 22, 2027 March 24, 2022 600,000 $ 0.500 March 24, 2027 4,759,200 A summary of the warrant activity during the nine months ended September 30, 2022 is presented below: SUMMARY OF WARRANTS ACTIVITY Number of Warrants Weighted Average Exercise Price Weighted Average Remaining Contractual Term (years) Outstanding at January 1, 2022 3,409,200 $ 0.34 7.2 Granted 1,350,000 $ 0.50 4.5 Outstanding at September 30, 2022 4,759,200 $ 0.38 6.1 Exercisable at September 30, 2022 4,759,200 $ 0.38 6.1 As discussed in Note 9, 1,350,000 0.3 SUMMARY OF CHANGES IN FAIR VALUE WARRANTS Stock price per share $ 0.37 0.40 Term 5.0 Expected volatility 90.00 % Divided yield — Risk-free interest rate 2.10 2.39 % Options In August 2021, the Company adopted the 2021 Inducement Plan (the “Plan”). Under the 2021 Inducement Plan, the Company can grant stock options and stock awards. There are 500,000 50,000 In November 2021, the Company adopted the 2021 Equity Incentive Plan (the “Incentive Plan”). Under the 2021 Incentive Plan, the Company can grant stock options and stock awards. The stockholders of the Company approved the Incentive Plan on December 30, 2021. There are 2,000,000 2,000,000 Share-based awards generally vest over a period of three years five years During the three and nine months ended September 30, 2022, the Company recorded share-based compensation expense of approximately $ 6,000 17,000 The following table summarizes the share-based awards as of September 30, 2022: SCHEDULE OF SHARE BASED AWARDS Number of Options Weighted Average Exercise Price Weighted Average Remaining Contractual Term (years) Outstanding at September 30, 2022 450,000 $ 1.38 3.8 Exercisable at September 30, 2022 250,000 $ 1.72 3.8

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	9 Months Ended
	Sep. 30, 2022
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	12. COMMITMENTS AND CONTINGENCIES Indemnification Agreement and Tail Policy On March 25, 2020, pursuant to the requirements of the Merger Agreement, Chanticleer, Sonnet and Amergent entered into an indemnification agreement (“Indemnification Agreement”) providing that Amergent will fully indemnify and hold harmless each of Chanticleer and Sonnet, and each of their respective directors, officers, stockholders and managers who assumes such role upon or following the closing of the Merger against all actual or threatened claims, losses, liabilities, damages, judgments, fines and reasonable fees, costs and expenses, including attorneys’ fees and disbursements, incurred in connection with any claim, action, suit, proceeding or investigation, whether civil, administrative, investigative or otherwise, related to the Spin-Off business prior to or in connection with its disposition to Amergent. The Indemnification Agreement expires on March 25, 2026. In addition, pursuant to the Merger Agreement, prior to closing of the Merger, the Spin-Off entity acquired a tail insurance policy in a coverage amount of $ 3.0 Legal Proceedings Litigation related to leased properties During 2021 and the three and nine months ended September 30, 2022, the Company was in arrears on rent due on several of its leases. As a result, the Company has pending litigation related to four sites, all of which have permanently closed. The outcome of this litigation could result in the permanent closure of additional restaurant locations as well as the possibility of the Company being required to pay interest and damages, modify certain leases on unfavorable terms and could result in material impairments to the Company’s assets. See Leases No amounts in addition to contracted rent that is due have been accrued as of September 30, 2022 or December 31, 2021 in the accompanying condensed consolidated balance sheets as management does not believe the outcome will result in additional liabilities to the Company; however, there can be no guarantees. From time to time, the Company may be involved in other legal proceedings and claims that have arisen in the ordinary course of business are generally covered by insurance. As of September 30, 2022, the Company does not expect the amount of ultimate liability with respect to these matters to be material to the Company’s consolidated financial condition, results of operations or cash flows. Leases The Company’s leases typically contain rent escalations over the lease terms. The Company recognizes expense for these leases on a straight-line basis over the lease terms. Additionally, tenant incentives used to fund leasehold improvements are recognized when earned and reduce our right-of-use asset related to the leases. These incentives are amortized through the right-of-use asset as reductions of expense over the lease terms. Some of the Company’s leases include rent escalations based on inflation indexes and fair market value adjustments. Certain leases contain contingent rental provisions that include a fixed base rent plus an additional percentage of the restaurant’s sales in excess of stipulated amounts. Operating lease liabilities are calculated using the prevailing index or rate at lease commencement. Subsequent escalations in the index or rate and contingent rental payments are recognized as variable lease expenses. The Company’s lease agreements do not contain any material residual value guarantees or material restrictive covenants. As part of the lease agreements, the Company is also responsible for payments regarding non-lease components (common area maintenance, operating expenses, etc.) and percentage rent payments based on monthly or annual restaurant sales amounts which are considered variable costs and are not included as part of the lease liabilities. Related to the adoption of Leases Topic 842, our policy elections were as follows: Short-term policy The Company has elected the short-term lease recognition exemption for all applicable classes of underlying assets. Leases with an initial term of 12 months or less, that do not include an option to purchase the underlying asset that the Company is reasonably certain to exercise, are not recorded on the balance sheet. Supplemental balance sheet information related to leases was as follows (in thousands): SCHEDULE OF OPERATING LEASE INFORMATION Operating Leases Classification September 30, 2022 December 31, 2021 Right-of-use assets Operating lease assets $ 7,630 $ 8,021 Current lease liabilities Current operating lease liabilities $ 4,050 $ 4,599 Non-current lease liabilities Long-term operating lease liabilities 8,239 8,644 $ 12,289 $ 13,243 Lease term and discount rate were as follows: September 30, 2022 December 31, 2021 Weighted average remaining lease term (years) 6.2 6.7 Weighted average discount rate 7.8 % 8.1 % As of September 30, 2021, we performed an analysis of the recoverability of our right-of-use assets. Based on the analysis, we recorded an impairment of approximately $ 0.7 no During each of the nine months ended September 30, 2022 and 2021, approximately $ 0.3 2.7 During the nine months ended September 30, 2022, the Company amended certain leases and changed its assumptions regarding the exercise of a renewal option, which have been accounted for as lease modifications. The operating lease assets and liabilities were remeasured at the modification dates, resulting in an increase of $ 0.6 no Rent expense of approximately $ 0.6 1.7 0.6 1.8 0.1 Maturities of our operating lease liabilities as of September 30, 2022 are presented below (in thousands): SCHEDULE OF MATURITIES OF OPERATING LEASE LIABILITIES Year ending December 31: 2022 (remaining three months) $ 689 2023 2,645 2024 2,654 2025 2,501 2026 2,097 Thereafter 5,162 Total remaining lease payments 15,748 Less: imputed interest (3,459 ) Total lease liabilities $ 12,289 PPP Loan As discussed in Note 9, the Company received two PPP loans totaling $ 4.1 2.1 2.0 Presently, the U.S. SBA and other governmental communications have indicated that all loans in excess of $ 2.0 RRF As discussed in Note 3, Pie Squared Holdings received an approximately $ 10.0 10.0

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	9 Months Ended
	Sep. 30, 2022
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	13. SUBSEQUENT EVENTS The Company has evaluated subsequent events from the balance sheet date through the date at which the condensed consolidated financial statements were available to be issued, and there are no items requiring disclosure other than the following: In October and November 2022, the Company received related party advances in the aggregate of $ 0.3 In November 2022, the Company received related party advances in the aggregate of $ 0.2 At the end of October and through November 30, 2022, the Company closed five stores. A PizzaRev store was closed at the expiration of the lease. A LBB store in Portland Orgon was closed due to operational and safety concerns. This store was reopened in June but the situation in the area the store is located does not allow for the store to operate safely at nighttime. ● A LBB store located in Seattle Washington, an ABC store located in New York and a PizzeRev store located in California were closed due to the stores not being cashflow positive. During the fourth quarter of 2022, the Company will review for impairment the right-of-use assets and fixed assets in these stores. The right-of-use assets and fixed assets for these locations at September 30, 2022 was $ 2.8 The Board of Directors of the Company have set December 30, 2022, for the annual meeting of stockholders.

RESTATEMENT OF PREVIOUSLY ISSUE

RESTATEMENT OF PREVIOUSLY ISSUED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)	9 Months Ended
	Sep. 30, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
RESTATEMENT OF PREVIOUSLY ISSUED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)	14. RESTATEMENT OF PREVIOUSLY ISSUED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED) The Company, while undergoing the audit of its consolidated financial statements as of December 31, 2021 and for the year then ended, determined that it had over-depreciated certain assets from January 1, 2021 through September 30, 2021 and had incorrectly stated the UK subsidiary’s balances as of and for the three and nine month periods ended September 30, 2021. This impacted the previously reported amounts for cash, property and equipment, intangible assets, accounts payable and accrued expenses, restaurant sales, restaurant cost of sales, restaurant operating expenses, and depreciation and amortization, among other line items, in the condensed consolidated interim financial statements. The following tables set forth the effects of the adjustment on affected items within the Company’s previously reported Condensed Consolidated Statements of Operations: SCHEDULE OF PREVIOUSLY ISSUED INTERIM FINANCIAL STATEMENTS Three months ended September 30, 2021 (in thousands, except per share data) As reported Adjustment As restated Restaurant sales, net $ 6,106 $ (479 ) $ 5,627 Restaurant cost of sales $ 2,032 $ (182 ) $ 1,850 Restaurant operating expenses $ 3,675 $ (275 ) $ 3,400 General and administrative expenses $ 1,395 $ (14 ) $ 1,381 Depreciation and amortization $ 351 $ (137 ) $ 214 Operating income $ 137 $ 129 $ 266 Other income $ 18 $ (27 ) $ (9 ) Consolidated net income $ (89 ) $ 102 $ 13 Net income attributable to Amergent Hospitality Group, Inc. $ (94 ) $ 102 $ 8 Net income attributable to Amergent Hospitality Group Inc. per common share, basic $ (0.01 ) $ 0.01 $ 0.00 Nine months ended September 30, 2021 (in thousands, except per share data) As reported Adjustment As restated Depreciation and amortization $ 1,081 $ (408 ) $ 673 Operating (loss) income $ (2,397 ) $ 408 $ (1,988 ) Consolidated net (loss) income $ (2,475 ) $ 408 $ (2,067 ) Net (loss) income attributable to Amergent Hospitality Group Inc. $ (2,376 ) $ 408 $ (1,968 ) Net (loss) income attributable to Amergent Hospitality Group Inc. per common share, basic and diluted $ (0.16 ) $ 0.03 $ (0.13 )

FAIR VALUE OF FINANCIAL INSTR_2

FAIR VALUE OF FINANCIAL INSTRUMENTS (Tables)	9 Months Ended
	Sep. 30, 2022
Fair Value Disclosures [Abstract]
SCHEDULE OF FAIR VALUE MEASUREMENTS, RECURRING AND NONRECURRING	The table below reflects the level of the inputs used in the Company’s fair value calculations: SCHEDULE OF FAIR VALUE MEASUREMENTS, RECURRING AND NONRECURRING (in thousands) Quoted Prices in Active Markets (Level 1) Significant Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Total Fair Value September 30, 2022 Assets (Note 6) Common stock of Sonnet $ 16 $ — $ — $ 16 Liabilities (Note 9) Convertible note payable $ — $ — $ 893 $ 893 (in thousands) Quoted Prices in Active Markets (Level 1) Significant Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Total Fair Value December 31, 2021 Assets (Note 6) Common stock of Sonnet $ 50 $ — $ — $ 50 Liabilities (Note 9) Convertible note payable $ — $ — $ 1,099 $ 1,099
SCHEDULE OF ESTIMATED FAIR VALUE ASSUMPTIONS	The estimated fair value of the convertible note payable was determined using a Black-Scholes model and the following assumptions as of September 30, 2022: SCHEDULE OF ESTIMATED FAIR VALUE ASSUMPTIONS Volatility 140.60 % Risk free rate 3.92 % Stock price $ 0.08 Credit spread 25.70 %
SCHEDULE OF FAIR VALUE LIABILITIES MEASURED ON RECURRING BASIS	The reconciliation of the convertible note payable measured at fair value on a recurring basis using significant unobservable inputs (Level 3) is as follows: SCHEDULE OF FAIR VALUE LIABILITIES MEASURED ON RECURRING BASIS (in thousands) Nine months ended September 30, 2022 Balance at January 1, 2022 $ 1,099 Change in fair value (206 ) Balance at September 30, 2022 $ 893

INVESTMENTS (Tables)

INVESTMENTS (Tables)	9 Months Ended
	Sep. 30, 2022
Investments, All Other Investments [Abstract]
SCHEDULE OF INVESTMENT	Investments consist of the following: SCHEDULE OF INVESTMENT (in thousands) September 30, 2022 December 31, 2021 Common stock of Sonnet, at fair value (a) $ 13 $ 50 Chanticleer Investors, LLC, at cost (b) 16 16 Total $ 29 $ 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 September 30, 2022, 8,718 (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% 0.1

PROPERTY AND EQUIPMENT, NET (Ta

PROPERTY AND EQUIPMENT, NET (Tables)	9 Months Ended
	Sep. 30, 2022
Property, Plant and Equipment [Abstract]
SCHEDULE OF PROPERTY, PLANT AND EQUIPMENT	Property and equipment, net consists of the following: SCHEDULE OF PROPERTY, PLANT AND EQUIPMENT (in thousands) September 30, 2022 December 31, 2021 Leasehold improvements $ 5,772 $ 5,511 Restaurant furniture and equipment 2,665 2,768 Construction in progress — 20 Office and computer equipment 37 33 Office furniture and fixtures — 57 Property,plant and equipment, gross 8,474 8,389 Accumulated depreciation and amortization (5,252 ) (5,274 ) Property, plant and equipment, net $ 3,222 $ 3,115

INTANGIBLE ASSETS, NET (Tables)

INTANGIBLE ASSETS, NET (Tables)	9 Months Ended
	Sep. 30, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
SCHEDULE OF GOODWILL	A roll forward of goodwill is as follows: SCHEDULE OF GOODWILL (in thousands) Nine months Ended September 30, 2022 Year Ended December 31, 2021 Beginning balance $ 7,810 $ 8,591 Acquisition of Pie Squared Holdings — 51 Sale of Hooters UK — (820 ) Foreign currency translation loss — (12 ) Ending balance $ 7,810 $ 7,810
SCHEDULE OF FINITE - LIVED INTANGIBLE ASSETS	Franchise and trademark/tradename intangible assets consist of the following: SCHEDULE OF FINITE - LIVED INTANGIBLE ASSETS (in thousands) September 30, 2022 December 31, 2021 Trademark, Tradenames: American Roadside Burger 10 $ 561 $ 561 BGR: The Burger Joint Indefinite 739 739 Little Big Burger Indefinite 1,550 1,550 PizzaRev 5 410 410 3,260 3,260 Acquired Franchise Rights: BGR: The Burger Joint 7 828 828 PizzaRev 5 410 410 1,238 1,238 Total intangibles at cost 4,498 4,498 Accumulated amortization (1,566 ) (1,369 ) Intangible assets, net $ 2,932 $ 3,129
SCHEDULE OF AMORTIZATION OF INTANGIBLE ASSETS	Amortization expense for the next five years is as follows (in thousands): SCHEDULE OF AMORTIZATION OF INTANGIBLE ASSETS Year ending December 31: 2022 (remaining three months) $ 41 2023 164 2024 164 2025 164 2026 110 Amortization Expense, net $ 643

LONG-TERM DEBT AND NOTES PAYA_2

LONG-TERM DEBT AND NOTES PAYABLE (Tables)	9 Months Ended
	Sep. 30, 2022
Debt Disclosure [Abstract]
SCHEDULE OF DEBT AND NOTES PAYABLE	Long-term debt and notes payable are summarized as follows: SCHEDULE OF DEBT AND NOTES PAYABLE (in thousands) September 30, 2022 December 31, 2021 10% convertible debt (a) $ 4,038 $ 4,038 8% convertible debt (b) 1,350 — Convertible promissory note (measured at fair value) (c) 893 1,099 PPP loans (d) 4,109 4,109 EIDL loans (e) 300 300 Contractor note (f) 348 348 Notes payable (g) 545 — Total Debt 11,583 9,894 Less: discount on convertible debt (a), (b) (190 ) (37 ) Total Debt, net of discount $ 11,393 $ 9,857 Current portion of long-term debt and notes payable $ 3,648 $ 3,264 Long-term debt and notes payable, less current portion $ 7,745 $ 6,593 (a) In connection with and prior to the Spin-Off and Merger, on April 1, 2020, pursuant to an agreement among Chanticleer, Oz Rey, LLC (“Oz Rey”) and certain original holders of the 8% non-convertible debentures that were satisfied during 2020, the Company issued a 10% secured convertible debenture (the “10% Convertible Debt”) to Oz Rey in exchange for the 8% non-convertible debentures. The principal amount of the 10% Convertible Debt is $4.0 million and is payable in full on April 1, 2024, subject to extension by the holders in two-year intervals for up to 10 years from the issuance date upon Amergent meeting certain conditions 2,925,200 0.125 2,462,600 0.50 462,500 10 The 10% Convertible Debt was previously amended to fix the conversion rate into common stock at $ 0.10 2.1 20,500,000 The Company recorded a debt discount of approximately $ 0.4 In connection with the 8% Convertible Debt transaction described in (b) below, the maturity date of the 10% Convertible Debt was extended to April 1, 2024 and Oz Rey agreed to subordinate payment of its 10% Convertible Debt to payment of the 8% Convertible Debt, which has been accounted for as a loan modification. In addition, Oz Rey received a fee equal to 2.0% of the principal amount of the 8% Convertible Debt issued in the transaction, which has been recorded as a debt discount and is being amortized over the two-year term of the related debt (b) In March 2022, the Company commenced a private placement of up to $ 3.0 3,000,000 1.35 The 8% Convertible Debt matures 18 months after issuance and is subject to acceleration in the event of customary events of default. Interest is payable quarterly in cash. The 8% Convertible Debt may be converted by the holders at any time at a fixed conversion price of $ 0.40 0.50 Both the notes and the warrants include a beneficial ownership blocker of 4.99% and contain customary provisions preventing dilution and providing the holders rights in the event of fundamental transactions. Upon the earlier of the maturity date or the one-year anniversary of conversion of the 8% Convertible Debt, holders of 51% of the registerable securities may request the Company to file a registration statement for the securities five years 3,375,000 The Company analyzed the 8% Convertible Debt and did not identify any embedded features that require bifurcation from the host and accounting as derivatives. However, as the convertible notes payable were issued with warrants, the net proceeds from the issuance were allocated to the 8% Convertible Debt and the warrants based on their relative fair values, resulting in an allocation of $ 1.0 0.3 0.3 (c) On August 30, 2021, the Company purchased all of the outstanding membership interests in Pie Squared Holdings. The purchase price was funded through the issuance of an 8% secured, convertible promissory note with a face value of $ 1.0 1.2 0.50 2.00 2,000,000 Interest on the convertible promissory note is due quarterly and $ 0.5 March 31, 2023 August 30, 2023 (d) On April 27, 2020, Amergent received a Paycheck Protection Program (“PPP”) loan in the amount of approximately $ 2.1 1 0.1 On February 25, 2021, the Company received a second PPP loan in the amount of $ 2.0 1 February 25, 2026 45,000 (e) On August 4, 2020, the Company obtained two loans under the Economic Injury Disaster Loan (“EIDL”) assistance program from the U.S. SBA in light of the impact of the COVID-19 pandemic on the Company’s business. The principal amount of the loans is $ 0.3 3.75 1,462 (f) The Company entered into a promissory note to repay a contractor for the build-out of a new Little Big Burger location. The note bears interest at 12 0.4 0.1 (g) In February and March 2022, eight company-owned stores entered into notes payable to Toast Capital Loans. The terms of the notes require payment of 13.2 270 15 In August 2022, the Company entered into a Future Revenue Sales Agreement with Sprout Funding which is being treated as a note payable. The Company received a net $ 0.2 million and the terms of the note require 180 1,359 80% In August 2022, the Company received a loan from a related party of $ 0.3 December 15, 2022 1
SCHEDULE OF FUTURE MINIMUM PAYMENTS	Maturities of our debt as of September 30, 2022 are presented below (in thousands): SCHEDULE OF FUTURE MINIMUM PAYMENTS Year ending December 31: 2022 (remaining three months) $ 1,204 2023 2,876 2024 4,572 2025 540 2026 90 Thereafter 300 Forgiven PPP Loan 2,109 Total debt maturities 11,691 Less: discount on convertible debt (190 ) Less: fair value adjustment (107 ) Total debt $ 11,393

ACCOUNTS PAYABLE AND ACCRUED _2

ACCOUNTS PAYABLE AND ACCRUED EXPENSES (Tables)	9 Months Ended
	Sep. 30, 2022
Payables and Accruals [Abstract]
SCHEDULE OF ACCOUNTS PAYABLE AND ACCRUED EXPENSES	Accounts payable and accrued expenses are summarized as follows: SCHEDULE OF ACCOUNTS PAYABLE AND ACCRUED EXPENSES (in thousands) September 30, 2022 December 31, 2021 Accounts payable $ 3,340 $ 2,544 Accrued expenses 2,140 1,955 Accrued taxes (VAT, sales, payroll, etc.) 2,292 2,149 Accrued interest 350 196 Accounts payable and accrued expenses, total $ 8,122 $ 6,844

STOCKHOLDERS_ EQUITY (Tables)

STOCKHOLDERS’ EQUITY (Tables)	9 Months Ended
	Sep. 30, 2022
Equity [Abstract]
SCHEDULE OF OUTSTANDING WARRANTS	At September 30, 2022, the outstanding warrants consisted of the following: SCHEDULE OF OUTSTANDING WARRANTS Date Issued Number of Warrants Exercise Price Expiration Date April 1, 2020 2,462,600 $ 0.125 April 1, 2030 April 1, 2020 462,600 $ 0.500 April 1, 2030 March 30, 2020 350,000 $ 1.250 March 30, 2025 August 17, 2020 134,000 $ 1.250 August 17, 2025 March 15, 2022 250,000 $ 0.500 March 15, 2027 March 21, 2022 250,000 $ 0.500 March 21, 2027 March 22, 2022 250,000 $ 0.500 March 22, 2027 March 24, 2022 600,000 $ 0.500 March 24, 2027 4,759,200
SUMMARY OF WARRANTS ACTIVITY	A summary of the warrant activity during the nine months ended September 30, 2022 is presented below: SUMMARY OF WARRANTS ACTIVITY Number of Warrants Weighted Average Exercise Price Weighted Average Remaining Contractual Term (years) Outstanding at January 1, 2022 3,409,200 $ 0.34 7.2 Granted 1,350,000 $ 0.50 4.5 Outstanding at September 30, 2022 4,759,200 $ 0.38 6.1 Exercisable at September 30, 2022 4,759,200 $ 0.38 6.1
SUMMARY OF CHANGES IN FAIR VALUE WARRANTS	SUMMARY OF CHANGES IN FAIR VALUE WARRANTS Stock price per share $ 0.37 0.40 Term 5.0 Expected volatility 90.00 % Divided yield — Risk-free interest rate 2.10 2.39 %
SCHEDULE OF SHARE BASED AWARDS	The following table summarizes the share-based awards as of September 30, 2022: SCHEDULE OF SHARE BASED AWARDS Number of Options Weighted Average Exercise Price Weighted Average Remaining Contractual Term (years) Outstanding at September 30, 2022 450,000 $ 1.38 3.8 Exercisable at September 30, 2022 250,000 $ 1.72 3.8

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Tables)	9 Months Ended
	Sep. 30, 2022
Commitments and Contingencies Disclosure [Abstract]
SCHEDULE OF OPERATING LEASE INFORMATION	Supplemental balance sheet information related to leases was as follows (in thousands): SCHEDULE OF OPERATING LEASE INFORMATION Operating Leases Classification September 30, 2022 December 31, 2021 Right-of-use assets Operating lease assets $ 7,630 $ 8,021 Current lease liabilities Current operating lease liabilities $ 4,050 $ 4,599 Non-current lease liabilities Long-term operating lease liabilities 8,239 8,644 $ 12,289 $ 13,243 Lease term and discount rate were as follows: September 30, 2022 December 31, 2021 Weighted average remaining lease term (years) 6.2 6.7 Weighted average discount rate 7.8 % 8.1 %
SCHEDULE OF MATURITIES OF OPERATING LEASE LIABILITIES	Maturities of our operating lease liabilities as of September 30, 2022 are presented below (in thousands): SCHEDULE OF MATURITIES OF OPERATING LEASE LIABILITIES Year ending December 31: 2022 (remaining three months) $ 689 2023 2,645 2024 2,654 2025 2,501 2026 2,097 Thereafter 5,162 Total remaining lease payments 15,748 Less: imputed interest (3,459 ) Total lease liabilities $ 12,289

RESTATEMENT OF PREVIOUSLY ISS_2

RESTATEMENT OF PREVIOUSLY ISSUED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED) (Tables)	9 Months Ended
	Sep. 30, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
SCHEDULE OF PREVIOUSLY ISSUED INTERIM FINANCIAL STATEMENTS	The following tables set forth the effects of the adjustment on affected items within the Company’s previously reported Condensed Consolidated Statements of Operations: SCHEDULE OF PREVIOUSLY ISSUED INTERIM FINANCIAL STATEMENTS Three months ended September 30, 2021 (in thousands, except per share data) As reported Adjustment As restated Restaurant sales, net $ 6,106 $ (479 ) $ 5,627 Restaurant cost of sales $ 2,032 $ (182 ) $ 1,850 Restaurant operating expenses $ 3,675 $ (275 ) $ 3,400 General and administrative expenses $ 1,395 $ (14 ) $ 1,381 Depreciation and amortization $ 351 $ (137 ) $ 214 Operating income $ 137 $ 129 $ 266 Other income $ 18 $ (27 ) $ (9 ) Consolidated net income $ (89 ) $ 102 $ 13 Net income attributable to Amergent Hospitality Group, Inc. $ (94 ) $ 102 $ 8 Net income attributable to Amergent Hospitality Group Inc. per common share, basic $ (0.01 ) $ 0.01 $ 0.00 Nine months ended September 30, 2021 (in thousands, except per share data) As reported Adjustment As restated Depreciation and amortization $ 1,081 $ (408 ) $ 673 Operating (loss) income $ (2,397 ) $ 408 $ (1,988 ) Consolidated net (loss) income $ (2,475 ) $ 408 $ (2,067 ) Net (loss) income attributable to Amergent Hospitality Group Inc. $ (2,376 ) $ 408 $ (1,968 ) Net (loss) income attributable to Amergent Hospitality Group Inc. per common share, basic and diluted $ (0.16 ) $ 0.03 $ (0.13 )

NATURE OF BUSINESS AND BASIS _2

NATURE OF BUSINESS AND BASIS OF PRESENTATION (Details Narrative) - USD ($) $ in Thousands	Sep. 30, 2022	Sep. 30, 2021
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Cash balance	$ 704	$ 1,101
Working capital deficit	$ 13,700

EMPLOYEE RETENTION CREDIT AND_2

EMPLOYEE RETENTION CREDIT AND RESTAURANT REVITALIZATION FUND (Details Narrative) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021	Dec. 31, 2021
Government Assistance [Line Items]
Accounts and other receivables	$ 861,000		$ 861,000		$ 865,000
Employee retention credit and other grant income	373,000	$ 1,232,000	2,208,000	$ 2,705,000
Restricted cash					1,672,000
Employee Retention Credit [Member]
Government Assistance [Line Items]
Accounts and other receivables	800,000		800,000		800,000
Employee retention credit and other grant income	0	1,200,000	700,000	2,700,000
Received credits under government agency programs		0		128,000
Other operating expense income	0	$ 41,000	112,000	$ 44,000
Restaurant Revitalization Fund [Member]
Government Assistance [Line Items]
Employee retention credit and other grant income	400,000		$ 1,500,000
Revitalization fund description			The American Rescue Plan Act established the Restaurant Revitalization Fund (“RRF”) to provide funding to help restaurants and other eligible businesses keep their doors open. This program provided restaurants with funding equal to their pandemic-related revenue loss up to $10.0 million per business and no more than $5.0 million per physical location
Proceeds from repayment of debt			$ 10,000,000
Escrow deposit	2,000,000		2,000,000
Restricted cash					$ 1,700,000

REVENUE (Details Narrative)

REVENUE (Details Narrative) $ in Millions	Sep. 30, 2022 USD ($)
Revenue from Contract with Customer [Abstract]
Contract liabilities	$ 0.7

SCHEDULE OF FAIR VALUE MEASUREM

SCHEDULE OF FAIR VALUE MEASUREMENTS, RECURRING AND NONRECURRING (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Common stock of Sonnet	$ 16	$ 50
Convertible note payable	893	1,099
Fair Value, Inputs, Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Common stock of Sonnet	16	50
Convertible note payable
Fair Value, Inputs, Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Common stock of Sonnet
Convertible note payable
Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Common stock of Sonnet
Convertible note payable	$ 893	$ 1,099

SCHEDULE OF ESTIMATED FAIR VALU

SCHEDULE OF ESTIMATED FAIR VALUE ASSUMPTIONS (Details)	Sep. 30, 2022 $ / shares
Measurement Input, Price Volatility [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair value measurement input	140.60
Measurement Input, Risk Free Interest Rate [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair value measurement input	3.92
Measurement Input, Share Price [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Stock price	$ 0.08
Measurement Input, Credit Spread [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair value measurement input	25.70

SCHEDULE OF FAIR VALUE LIABILIT

SCHEDULE OF FAIR VALUE LIABILITIES MEASURED ON RECURRING BASIS (Details) - Pie Squared Holdings LLC [Member] $ in Thousands	9 Months Ended
	Sep. 30, 2022 USD ($)
Restructuring Cost and Reserve [Line Items]
Beginning balance	$ 1,099
Change in fair value	(206)
Ending balance	$ 893

SCHEDULE OF INVESTMENT (Details

SCHEDULE OF INVESTMENT (Details) - USD ($) $ in Thousands		Sep. 30, 2022	Dec. 31, 2021
Investments, All Other Investments [Abstract]
Common stock of Sonnet, at fair value	[1]	$ 13	$ 50
Chanticleer Investors, LLC, at cost	[2]	16	16
Total		$ 29	$ 66
[1]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 September 30, 2022, 8,718 the Company’s effective economic interest in Hooters of America was less than 1% 0.1

SCHEDULE OF INVESTMENT (Detai_2

SCHEDULE OF INVESTMENT (Details) (Parenthetical) $ in Millions	9 Months Ended
	Sep. 30, 2022 USD ($) shares
Investment description	the Company’s effective economic interest in Hooters of America was less than 1%
Accounts receivable net | $	$ 0.1
Sonet [Member]
Held shares | shares	8,718

SCHEDULE OF PROPERTY, PLANT AND

SCHEDULE OF PROPERTY, PLANT AND EQUIPMENT (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Property, Plant and Equipment [Abstract]
Leasehold improvements	$ 5,772	$ 5,511
Restaurant furniture and equipment	2,665	2,768
Construction in progress		20
Office and computer equipment	37	33
Office furniture and fixtures		57
Property,plant and equipment, gross	8,474	8,389
Accumulated depreciation and amortization	(5,252)	(5,274)
Property, plant and equipment, net	$ 3,222	$ 3,115

PROPERTY AND EQUIPMENT, NET (De

PROPERTY AND EQUIPMENT, NET (Details Narrative) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Property, Plant and Equipment [Abstract]
Impairment charge				$ 0.3
Depreciation expense	$ 0.2	$ 0.3	$ 0.4	$ 0.8

SCHEDULE OF GOODWILL (Details)

SCHEDULE OF GOODWILL (Details) - USD ($) $ in Thousands	9 Months Ended	12 Months Ended
	Sep. 30, 2022	Dec. 31, 2021
Goodwill and Intangible Assets Disclosure [Abstract]
Beginning balance	$ 7,810	$ 8,591
Acquisition of Pie Squared Holdings		51
Sale of Hooters UK		(820)
Foreign currency translation loss		(12)
Ending balance	$ 7,810	$ 7,810

SCHEDULE OF FINITE - LIVED INTA

SCHEDULE OF FINITE - LIVED INTANGIBLE ASSETS (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2022	Dec. 31, 2021
Finite-Lived Intangible Assets [Line Items]
Total intangibles at cost	$ 4,498	$ 4,498
Accumulated amortization	(1,566)	(1,369)
Intangible assets, net	2,932	3,129
Trademarks and Trade Names [Member]
Finite-Lived Intangible Assets [Line Items]
Total intangibles at cost	$ 3,260	3,260
Trademarks and Trade Names [Member] | American Roadside Burger [Member]
Finite-Lived Intangible Assets [Line Items]
Estimated life	10 years
Total intangibles at cost	$ 561	561
Trademarks and Trade Names [Member] | The Burger Joint [Member]
Finite-Lived Intangible Assets [Line Items]
Total intangibles at cost	$ 739	739
Estimated life description	Indefinite
Trademarks and Trade Names [Member] | Little Big Burger [Member]
Finite-Lived Intangible Assets [Line Items]
Total intangibles at cost	$ 1,550	1,550
Estimated life description	Indefinite
Trademarks and Trade Names [Member] | PizzaRev [Member]
Finite-Lived Intangible Assets [Line Items]
Estimated life	5 years
Total intangibles at cost	$ 410	410
Franchise Rights [Member]
Finite-Lived Intangible Assets [Line Items]
Total intangibles at cost	$ 1,238	1,238
Franchise Rights [Member] | The Burger Joint [Member]
Finite-Lived Intangible Assets [Line Items]
Estimated life	7 years
Total intangibles at cost	$ 828	828
Franchise Rights [Member] | PizzaRev [Member]
Finite-Lived Intangible Assets [Line Items]
Estimated life	5 years
Total intangibles at cost	$ 410	$ 410

SCHEDULE OF AMORTIZATION OF INT

SCHEDULE OF AMORTIZATION OF INTANGIBLE ASSETS (Details) $ in Thousands	Sep. 30, 2022 USD ($)
Goodwill and Intangible Assets Disclosure [Abstract]
2022 (remaining three months)	$ 41
2023	164
2024	164
2025	164
2026	110
Amortization Expense, net	$ 643

INTANGIBLE ASSETS, NET (Details

INTANGIBLE ASSETS, NET (Details Narrative) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Goodwill and Intangible Assets Disclosure [Abstract]
Impairment charges				$ 300
Amortization expense	$ 100	$ 10	$ 200	$ 300

SCHEDULE OF DEBT AND NOTES PAYA

SCHEDULE OF DEBT AND NOTES PAYABLE (Details) - USD ($) $ in Thousands		Sep. 30, 2022	Dec. 31, 2021
Short-Term Debt [Line Items]
Total Debt		$ 11,583	$ 9,894
Less: discount on convertible debt	[1],[2]	(190)	(37)
Total Debt, net of discount		11,393	9,857
Current portion of long-term debt and notes payable		3,648	3,264
Long-term debt and notes payable, less current portion		7,745	6,593
Convertible Debt One [Member]
Short-Term Debt [Line Items]
Total Debt	[1]	4,038	4,038
Convertible Debt Two [Member]
Short-Term Debt [Line Items]
Total Debt	[2]	1,350
Convertible Promissory Note [Member]
Short-Term Debt [Line Items]
Total Debt	[3]	893	1,099
PPP Loans [Member]
Short-Term Debt [Line Items]
Total Debt	[4]	4,109	4,109
EIDL Loans [Member]
Short-Term Debt [Line Items]
Total Debt	[5]	300	300
Contractor Note [Member]
Short-Term Debt [Line Items]
Total Debt	[6]	348	348
Notes Payable [Member]
Short-Term Debt [Line Items]
Total Debt	[7]	$ 545
[1] In connection with and prior to the Spin-Off and Merger, on April 1, 2020, pursuant to an agreement among Chanticleer, Oz Rey, LLC (“Oz Rey”) and certain original holders of the 8% non-convertible debentures that were satisfied during 2020, the Company issued a 10% secured convertible debenture (the “10% Convertible Debt”) to Oz Rey in exchange for the 8% non-convertible debentures. The principal amount of the 10% Convertible Debt is $4.0 million and is payable in full on April 1, 2024, subject to extension by the holders in two-year intervals for up to 10 years from the issuance date upon Amergent meeting certain conditions 2,925,200 0.125 2,462,600 0.50 462,500 10 3.0 3,000,000 1.35 1.0 1.2 0.50 2.00 2,000,000 2.1 1 0.1 0.3 3.75 1,462 12 0.4 0.1 13.2 270 15

SCHEDULE OF DEBT AND NOTES PA_2

SCHEDULE OF DEBT AND NOTES PAYABLE (Details) (Parenthetical) - USD ($)

1 Months Ended

9 Months Ended

Nov. 15, 2022

Aug. 30, 2021

Feb. 25, 2021

Aug. 04, 2020

Apr. 27, 2020

Apr. 02, 2020

Aug. 31, 2022

Mar. 31, 2022

Feb. 28, 2022

Sep. 30, 2022

Dec. 31, 2021

Short-Term Debt [Line Items]

Expire years

5 years

Debt discount

[1],[2]

$ 190,000

$ 37,000

Common stock warrants

4,759,200

Maturity date

Dec. 15, 2022

Interest rate

1%

Proceeds from related party

$ 300,000

Future Revenue Sales Agreement [Member]

Short-Term Debt [Line Items]

Debt payments

$ 1,359

Debt instrument, term

180 days

Implied interest rate

80%

Proceeds from related party

$ 200,000

Pie Squared Holdings LLC [Member] | Purchase Agreement [Member]

Short-Term Debt [Line Items]

Conversion price

$ 0.50

Debt conversion stock issued

2,000,000

Debt face amount

$ 1,000,000

Fair value

$ 1,200,000

Capitalization rate

$ 2

Principal amount

$ 500,000

Maturity date

Mar. 31, 2023

Unpaid and non-converted amount maturity date

Aug. 30, 2023

Warrant [Member]

Short-Term Debt [Line Items]

Allocation value, warrants

$ 300,000

10% Secured Convertible Debenture [Member]

Short-Term Debt [Line Items]

Debt instrument description

In connection with and prior to the Spin-Off and Merger, on April 1, 2020, pursuant to an agreement among Chanticleer, Oz Rey, LLC (“Oz Rey”) and certain original holders of the 8% non-convertible debentures that were satisfied during 2020, the Company issued a 10% secured convertible debenture (the “10% Convertible Debt”) to Oz Rey in exchange for the 8% non-convertible debentures. The principal amount of the 10% Convertible Debt is $4.0 million and is payable in full on April 1, 2024, subject to extension by the holders in two-year intervals for up to 10 years from the issuance date upon Amergent meeting certain conditions

In connection with the 8% Convertible Debt transaction described in (b) below, the maturity date of the 10% Convertible Debt was extended to April 1, 2024 and Oz Rey agreed to subordinate payment of its 10% Convertible Debt to payment of the 8% Convertible Debt, which has been accounted for as a loan modification. In addition, Oz Rey received a fee equal to 2.0% of the principal amount of the 8% Convertible Debt issued in the transaction, which has been recorded as a debt discount and is being amortized over the two-year term of the related debt

Conversion price

$ 0.10

Debt conversion, amount

$ 2,100,000

Debt conversion stock issued

20,500,000

Debt discount

$ 400,000

8% Non-convertible Secured Debentures [Member]

Short-Term Debt [Line Items]

Debt to purchase common shares

2,925,200

Expire years

10 years

8% Non-convertible Secured Debentures [Member] | Warrant One [Member]

Short-Term Debt [Line Items]

Exercise price

$ 0.125

Number of securities called by each warrant or right

2,462,600

8% Non-convertible Secured Debentures [Member] | Warrant Two [Member]

Short-Term Debt [Line Items]

Exercise price

$ 0.50

Number of securities called by each warrant or right

462,500

8% Convertible Debt [Member]

Short-Term Debt [Line Items]

Debt instrument description

Both the notes and the warrants include a beneficial ownership blocker of 4.99% and contain customary provisions preventing dilution and providing the holders rights in the event of fundamental transactions. Upon the earlier of the maturity date or the one-year anniversary of conversion of the 8% Convertible Debt, holders of 51% of the registerable securities may request the Company to file a registration statement for the securities

Exercise price

$ 0.50

Expire years

5 years

Conversion price

$ 0.40

Debt conversion stock issued

3,375,000

Debt discount

$ 300,000

Private placement

$ 3,000,000

Common stock warrants

3,000,000

Value of common stock issued

$ 1,350,000

Allocation value, warrants

1,000,000

8% Convertible Debt [Member] | Warrant [Member]

Short-Term Debt [Line Items]

Allocation value, warrants

$ 300,000

PPP Loan [Member]

Short-Term Debt [Line Items]

Maturity date

Feb. 25, 2026

Proceeds from loan

$ 2,100,000

$ 2,000,000

$ 2,100,000

Interest rate

1%

1%

Debt payments

$ 45,000,000

$ 100,000

EIDL Loans [Member]

Short-Term Debt [Line Items]

Debt face amount

$ 300,000

Interest rate

3.75%

Debt payments

$ 1,462,000

Promissory Note [Member]

Short-Term Debt [Line Items]

Interest rate

12%

Loan defendant

$ 400,000

Accounts payable and accrued expenses

$ 100,000

$ 100,000

Notes Payable [Member]

Short-Term Debt [Line Items]

Interest rate

13.20%

13.20%

Debt instrument, term

270 days

270 days

Implied interest rate

15%

15%

[1] In connection with and prior to the Spin-Off and Merger, on April 1, 2020, pursuant to an agreement among Chanticleer, Oz Rey, LLC (“Oz Rey”) and certain original holders of the 8% non-convertible debentures that were satisfied during 2020, the Company issued a 10% secured convertible debenture (the “10% Convertible Debt”) to Oz Rey in exchange for the 8% non-convertible debentures. The principal amount of the 10% Convertible Debt is $4.0 million and is payable in full on April 1, 2024, subject to extension by the holders in two-year intervals for up to 10 years from the issuance date upon Amergent meeting certain conditions 2,925,200 0.125 2,462,600 0.50 462,500 10 3.0 3,000,000 1.35

SCHEDULE OF FUTURE MINIMUM PAYM

SCHEDULE OF FUTURE MINIMUM PAYMENTS (Details) - USD ($) $ in Thousands		Sep. 30, 2022	Dec. 31, 2021
Debt Disclosure [Abstract]
2022 (remaining three months)		$ 1,204
2023		2,876
2024		4,572
2025		540
2026		90
Thereafter		300
Forgiven PPP Loan		2,109
Total debt maturities		11,691
Less: discount on convertible debt	[1],[2]	(190)	$ (37)
Less: fair value adjustment		(107)
Total debt		$ 11,393	$ 9,857
[1] In connection with and prior to the Spin-Off and Merger, on April 1, 2020, pursuant to an agreement among Chanticleer, Oz Rey, LLC (“Oz Rey”) and certain original holders of the 8% non-convertible debentures that were satisfied during 2020, the Company issued a 10% secured convertible debenture (the “10% Convertible Debt”) to Oz Rey in exchange for the 8% non-convertible debentures. The principal amount of the 10% Convertible Debt is $4.0 million and is payable in full on April 1, 2024, subject to extension by the holders in two-year intervals for up to 10 years from the issuance date upon Amergent meeting certain conditions 2,925,200 0.125 2,462,600 0.50 462,500 10 3.0 3,000,000 1.35

SCHEDULE OF ACCOUNTS PAYABLE AN

SCHEDULE OF ACCOUNTS PAYABLE AND ACCRUED EXPENSES (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Payables and Accruals [Abstract]
Accounts payable	$ 3,340	$ 2,544
Accrued expenses	2,140	1,955
Accrued taxes (VAT, sales, payroll, etc.)	2,292	2,149
Accrued interest	350	196
Accounts payable and accrued expenses, total	$ 8,122	$ 6,844

ACCOUNTS PAYABLE AND ACCRUED _3

ACCOUNTS PAYABLE AND ACCRUED EXPENSES (Details Narrative) - USD ($)	3 Months Ended	9 Months Ended
	Sep. 30, 2022	Sep. 30, 2022	Dec. 31, 2021
Payables and Accruals [Abstract]
Accrued payroll	$ 2,100,000	$ 2,100,000	$ 2,000,000
Accrual payroll taxes	100,000	100,000
Compensating balance amount	800,000	800,000
Accrued interest or penalties	$ 0	$ 0	$ 0

SCHEDULE OF OUTSTANDING WARRANT

SCHEDULE OF OUTSTANDING WARRANTS (Details)	Sep. 30, 2022 $ / shares shares
Class of Warrant or Right [Line Items]
Number of warrants	4,759,200
Warrants Issued on April 1, 2020 [Member]
Class of Warrant or Right [Line Items]
Number of warrants	2,462,600
Exercise price | $ / shares	$ 0.125
Expiration date	Apr. 01, 2030
Warrants Issued on April 1, 2020 [Member]
Class of Warrant or Right [Line Items]
Number of warrants	462,600
Exercise price | $ / shares	$ 0.500
Expiration date	Apr. 01, 2030
Warrants Issued on March 30, 2020 [Member]
Class of Warrant or Right [Line Items]
Number of warrants	350,000
Exercise price | $ / shares	$ 1.250
Expiration date	Mar. 30, 2025
Warrants Issued on August 17, 2020 [Member]
Class of Warrant or Right [Line Items]
Number of warrants	134,000
Exercise price | $ / shares	$ 1.250
Expiration date	Aug. 17, 2025
Warrants Issued on March 15, 2022 [Member]
Class of Warrant or Right [Line Items]
Number of warrants	250,000
Exercise price | $ / shares	$ 0.500
Expiration date	Mar. 15, 2027
Warrants Issued on March 21, 2022 [Member]
Class of Warrant or Right [Line Items]
Number of warrants	250,000
Exercise price | $ / shares	$ 0.500
Expiration date	Mar. 21, 2027
Warrants Issued on March 22, 2022 [Member]
Class of Warrant or Right [Line Items]
Number of warrants	250,000
Exercise price | $ / shares	$ 0.500
Expiration date	Mar. 22, 2027
Warrants Issued on March 24, 2022 [Member]
Class of Warrant or Right [Line Items]
Number of warrants	600,000
Exercise price | $ / shares	$ 0.500
Expiration date	Mar. 24, 2027

SUMMARY OF WARRANTS ACTIVITY (D

SUMMARY OF WARRANTS ACTIVITY (Details)	9 Months Ended
	Sep. 30, 2022 $ / shares shares
Equity [Abstract]
Number of warrants outstanding, beginning balance | shares	3,409,200
Weighted average exercise price, beginning balance | $ / shares	$ 0.34
Weighted average remaining life, beginning balance	7 years 2 months 12 days
Number of warrants outstanding, granted | shares	1,350,000
Weighted average exercise price, granted | $ / shares	$ 0.50
Weighted average remaining life, granted	4 years 6 months
Number of warrants outstanding, ending balance | shares	4,759,200
Weighted average exercise price, ending balance | $ / shares	$ 0.38
Weighted average remaining life, ending balance	6 years 1 month 6 days
Number of warrants exercisable, ending balance | shares	4,759,200
Weighted average exercise price, ending balance | $ / shares	$ 0.38
Weighted average remaining life, ending balance	6 years 1 month 6 days

SUMMARY OF CHANGES IN FAIR VALU

SUMMARY OF CHANGES IN FAIR VALUE WARRANTS (Details)	Sep. 30, 2022 $ / shares
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Term	5 years
Measurement Input, Share Price [Member] | Minimum [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Warrants and rights outstanding, measurement input	0.37
Measurement Input, Share Price [Member] | Maximum [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Warrants and rights outstanding, measurement input	0.40
Measurement Input, Price Volatility [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Warrants and rights outstanding, measurement input	90
Measurement Input Dividend Yield [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Warrants and rights outstanding, measurement input
Measurement Input, Risk Free Interest Rate [Member] | Minimum [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Warrants and rights outstanding, measurement input	2.10
Measurement Input, Risk Free Interest Rate [Member] | Maximum [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Warrants and rights outstanding, measurement input	2.39

SCHEDULE OF SHARE BASED AWARDS

SCHEDULE OF SHARE BASED AWARDS (Details)	9 Months Ended
	Sep. 30, 2022 $ / shares shares
Equity [Abstract]
Number of options, outstanding, ending balance | shares	450,000
Weighted average exercise price, ending balance | $ / shares	$ 1.38
Weighted Average Remaining Contractual Term (years), Outstanding Balance	3 years 9 months 18 days
Number of options, exercisable, ending balance | shares	250,000
Weighted average exercise price, ending balance | $ / shares	$ 1.72
Weighted Average Remaining Contractual Term (years), Exercisable Balance	3 years 9 months 18 days

STOCKHOLDERS_ EQUITY (Details N

STOCKHOLDERS’ EQUITY (Details Narrative) - USD ($)

1 Months Ended

3 Months Ended

9 Months Ended

12 Months Ended

Nov. 30, 2021

Feb. 07, 2020

Jul. 31, 2021

May 31, 2021

Mar. 31, 2020

Sep. 30, 2022

Sep. 30, 2021

Sep. 30, 2022

Sep. 30, 2021

Dec. 31, 2021

Mar. 31, 2022

Aug. 31, 2021

Class of Stock [Line Items]

Share based awards vest period term

3 years

Contractual life term

5 years

Share based compensation expense

$ 6,000

$ 17,000

2021 Inducement Plan [Member]

Class of Stock [Line Items]

Common stock, capital shares reserved for future issuance

500,000

Common stock remained reserved for future grants

50,000

50,000

2021 Equity Incentive Plan [Member]

Class of Stock [Line Items]

Common stock, capital shares reserved for future issuance

2,000,000

Common stock remained reserved for future grants

2,000,000

2,000,000

Warrant [Member]

Class of Stock [Line Items]

Number of warrants outstanding, granted

1,350,000

Warrant allocation

$ 300,000

Convertible Preferred Stock Series 2 [Member]

Class of Stock [Line Items]

Convertible preferred stock, shares outstanding

100

100

100

Convertible preferred stock, par value

$ 1,000

$ 1,000

$ 1,000

Percentage of cash equal to dollar value

125%

Payment for incentive fee

$ 100,000

Change in fair value of Derivative net

$ 100,000

$ 100,000

Conversion price

$ 1

$ 1

Weighted average conversion price

$ 0.50

Beneficial ownership percentage limitation

4.99%

Percentage of limitation prior to merger

9.99%

Percentage of liquidation preference

125%

Convertible Preferred Stock Series 2 [Member] | 2020 Bridge Financing [Member] | Securities Purchase Agreement [Member]

Class of Stock [Line Items]

Sale of stock, number of shares

1,500

150

Conversion of stock

50

713

637

Preferred stock description

The shareholders of Chanticleer common stock received shares of Amergent on a 1 for 1 basis (spin-off shares) and received 1 share of Sonnet common stock for 26 shares of Chanticleer common stock held at the time of the Merger.

Conversion of stock, shares issued

100,000

1,274,000

SCHEDULE OF OPERATING LEASE INF

SCHEDULE OF OPERATING LEASE INFORMATION (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Commitments and Contingencies Disclosure [Abstract]
Right-of-use assets	$ 7,630	$ 8,021
Current lease liabilities	4,050	4,599
Non-current lease liabilities	8,239	8,644
Total operating lease liability	$ 12,289	$ 13,243
Weighted average remaining lease term (years)	6 years 2 months 12 days	6 years 8 months 12 days
Weighted average discount rate	7.80%	8.10%

SCHEDULE OF MATURITIES OF OPERA

SCHEDULE OF MATURITIES OF OPERATING LEASE LIABILITIES (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Commitments and Contingencies Disclosure [Abstract]
2022 (remaining three months)	$ 689
2023	2,645
2024	2,654
2025	2,501
2026	2,097
Thereafter	5,162
Total remaining lease payments	15,748
Less: imputed interest	(3,459)
Total lease liabilities	$ 12,289	$ 13,243

COMMITMENTS AND CONTINGENCIES_2

COMMITMENTS AND CONTINGENCIES (Details Narrative) - USD ($)					3 Months Ended		9 Months Ended
	Nov. 15, 2022	Feb. 25, 2021	Apr. 27, 2020	Mar. 25, 2020	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Loss Contingencies [Line Items]
Coverage amount				$ 3,000,000
Impairment charge of right-of-use asset								$ 700,000
Operating lease, impairment loss							$ 0
Unrecognized lease liabilities							300,000	300,000
Related to abandoned leases liabilities							2,700,000
Increase in right of use assets and liabilities							600,000
Rent expenses					$ 600,000	$ 600,000	1,700,000	1,800,000
PPP Loan [Member]
Loss Contingencies [Line Items]
Proceeds from loan	$ 2,100,000	$ 2,000,000	$ 2,100,000
Second Paycheck Protection Program Loan [Member]
Loss Contingencies [Line Items]
Proceeds from loan	$ 2,000,000
Variable [Member]
Loss Contingencies [Line Items]
Rent expenses								$ 100,000
PPP Loan [Member]
Loss Contingencies [Line Items]
Debt instrument, face amount					4,100,000		4,100,000
PPP Loan [Member] | Maximum [Member]
Loss Contingencies [Line Items]
Debt instrument, face amount					2,000,000		2,000,000
Restaurant Revitalization Fund [Member]
Loss Contingencies [Line Items]
Debt instrument, face amount					$ 10,000,000		10,000,000
Repayment of ramifications grant							$ 10,000,000

SUBSEQUENT EVENTS (Details Narr

SUBSEQUENT EVENTS (Details Narrative) - USD ($) $ in Millions	1 Months Ended	2 Months Ended	3 Months Ended
	Nov. 30, 2022	Nov. 30, 2022	Sep. 30, 2022
Subsequent Event [Line Items]
Potential impairment charges			$ 2.8
Subsequent Event [Member]
Subsequent Event [Line Items]
Proceeds from loans	$ 0.2	$ 0.3

SCHEDULE OF PREVIOUSLY ISSUED I

SCHEDULE OF PREVIOUSLY ISSUED INTERIM FINANCIAL STATEMENTS (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended						9 Months Ended
	Sep. 30, 2022	Jun. 30, 2022	Mar. 31, 2022	Sep. 30, 2021	Jun. 30, 2021	Mar. 31, 2021	Sep. 30, 2022	Sep. 30, 2021
Restaurant sales, net				$ 5,627
Restaurant cost of sales	$ 1,675			1,850			$ 4,868	$ 4,783
Restaurant operating expenses	4,162			3,400			11,320	10,100
General and administrative expenses	1,206			1,381			4,348	3,756
Depreciation and amortization	170			214			593	673
Operating (loss) income	(1,439)			266			(2,294)	(1,988)
Other income				(9)
Consolidated net (loss) income	(1,623)	$ (357)	$ (28)	13	$ 497	$ (2,577)	(2,008)	(2,067)
Net (loss) income attributable to Amergent Hospitality Group Inc.	$ (1,473)			$ 8			$ (1,901)	$ (1,968)
Net (loss) income attributable to Amergent Hospitality Group Inc. per common share, basic and diluted	$ (0.09)			$ 0			$ (0.12)	$ (0.13)
Previously Reported [Member]
Restaurant sales, net				$ 6,106
Restaurant cost of sales				2,032
Restaurant operating expenses				3,675
General and administrative expenses				1,395
Depreciation and amortization				351				$ 1,081
Operating (loss) income				137				(2,397)
Other income				18
Consolidated net (loss) income				(89)				(2,475)
Net (loss) income attributable to Amergent Hospitality Group Inc.				$ (94)				$ (2,376)
Net (loss) income attributable to Amergent Hospitality Group Inc. per common share, basic and diluted				$ (0.01)				$ (0.16)
Revision of Prior Period, Adjustment [Member]
Restaurant sales, net				$ (479)
Restaurant cost of sales				(182)
Restaurant operating expenses				(275)
General and administrative expenses				(14)
Depreciation and amortization				(137)				$ (408)
Operating (loss) income				129				408
Other income				(27)
Consolidated net (loss) income				102				408
Net (loss) income attributable to Amergent Hospitality Group Inc.				$ 102				$ 408
Net (loss) income attributable to Amergent Hospitality Group Inc. per common share, basic and diluted				$ 0.01				$ 0.03