Quarterly report pursuant to Section 13 or 15(d)

PROPERTY AND EQUIPMENT (Tables)

v2.4.0.8
PROPERTY AND EQUIPMENT (Tables)
3 Months Ended
Mar. 31, 2014
Property, Plant and Equipment [Abstract]  
Property, Plant and Equipment [Table Text Block]
Property and equipment consists of the following at March 31, 2014 and December 31, 2013:
 
 
 
March 31,
 
December 31,
 
 
 
2014
 
2013
 
 
 
 
 
 
 
 
 
Office and computer equipment
 
$
51,746
 
$
50,780
 
Furniture and fixtures
 
 
47,686
 
 
47,686
 
Restaurant furnishings and equipment
 
 
9,906,867
 
 
6,716,666
 
 
 
 
10,006,299
 
 
6,815,132
 
Accumulated depreciation
 
 
(1,483,690)
 
 
(1,194,943)
 
 
 
$
8,522,609
 
$
5,620,189
 
Schedule of Capital Leased Assets [Table Text Block]
Capital lease assets are included in the totals above and consist of the following at March 31, 2014 and December 31, 2013:
 
 
 
March 31,
 
December 31,
 
 
 
2014
 
2013
 
 
 
 
 
 
 
 
 
Capital lease assets
 
$
270,567
 
$
263,392
 
Accumulated depreciation
 
 
(126,196)
 
 
(104,946)
 
 
 
$
144,371
 
$
158,446
 
 
 
 
 
 
 
 
 
Three months ended March 31:
 
 
 
 
 
 
 
Depreciation expense
 
$
21,250
 
$
13,289