CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)	Mar. 31, 2016	Dec. 31, 2015
Current assets:
Cash and cash equivalents	$ 260,007	$ 1,107,330
Prepaid expenses and other	80,732	117,499
Inventory	90,265	91,358
Total current assets	431,004	1,316,187
Deposits	120,555	120,555
Related party receivable	25,787	25,787
Intangible asset, net	34,375	35,625
Property and equipment, net	4,100,390	4,279,096
Total assets	4,712,111	5,777,250
Current liabilities:
Accounts payable	53,598	256,252
Accrued expenses	277,046	$ 272,347
Notes payable, current portion	175,000
Convertible notes payable and accrued interest, current portion	129,957	$ 129,489
Related party note payable (net of discount of $274,455 (2016) and $365,940 (2015))	475,545	784,059
Total current liabilities	1,111,146	1,442,147
Deferred rent	303,337	309,895
Notes payable and accrued interest, net of current portion	270,134	482,934
Convertible notes payable and accrued interest, less current portion, (net of discount of $482,572 (2016) and $514,545 (2015)	1,155,105	1,110,122
Total liabilities	$ 2,839,722	$ 3,345,098
Commitments and contingencies
Equity
Preferred stock - par value $0.001; Authorized Series A shares - 4,884,859 Issued and outstanding Series A shares - 456,068 (2016) and 4,884,859 (2015)	$ 23,348	$ 248,994
Common stock - no par value; Authorized shares - 125,000,000 Issued and outstanding shares - 70,907,543 (2016) and 62,398,303 (2015)	10,131,610	9,799,319
Additional paid-in capital	4,082,094	3,873,710
Accumulated deficit	(12,898,199)	(12,092,077)
Total Southern Concepts Restaurant Group, Inc ("SCRG") equity	1,338,853	1,829,946
Noncontrolling interest	533,536	602,206
Total equity	1,872,389	2,432,152
Total liabilities and equity	$ 4,712,111	$ 5,777,250

Carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).

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- Definition

Carrying value as of the balance sheet date of obligations incurred and payable, pertaining to costs that are statutory in nature, are incurred on contractual obligations, or accumulate over time and for which invoices have not yet been received or will not be rendered. Examples include taxes, interest, rent and utilities. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).