Annual report pursuant to Section 13 and 15(d)

Significant Accounting Policies (Tables)

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Significant Accounting Policies (Tables)
12 Months Ended
Dec. 31, 2016
Accounting Policies [Abstract]  
Schedule of Property and Equipment Useful Lives

The estimated useful lives used to compute depreciation and amortization are as follow:

 

Leasehold improvements 5-15 years
Restaurant furnishings and equipment 3-10 years
Furniture and fixtures 3-10 years
Office and computer equipment 3-7 years

Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share

The following table summarizes the number of common shares potentially issuable upon the exercise of certain warrants, convertible notes payable and convertible interest as of December 31, 2016 and 2015, which have been excluded from the calculation of diluted net loss per common share since the effect would be antidilutive.

 

    December 31, 2016     December 31, 2015  
Warrants -Weighted avg exercise price $4.93     9,222,032       9,556,304  
Convertible notes - Weighted avg conversion price $1.05     3,725,000       3,757,188  
Accrued interest on convertible notes     458,762       123,526  
Total     13,405,794       13,387,018