Quarterly report pursuant to Section 13 or 15(d)

Property and Equipment

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Property and Equipment
6 Months Ended
Jun. 30, 2017
Property, Plant and Equipment [Abstract]  
Property and Equipment

5. PROPERTY AND EQUIPMENT

 

Property and equipment consists of the following:

 

    June 30, 2017     December 31, 2016  
Leasehold improvements   $ 11,450,081     $ 10,363,996  
Restaurant furniture and equipment     6,814,102       6,716,926  
Construction in progress     59,963       582,265  
Office and computer equipment     68,303       68,303  
Land and buildings     -       826,664  
Office furniture and fixtures     108,030       108,030  
      18,500,479       18,666,184  
Accumulated depreciation and amortization     (8,157,965 )     (7,152,491 )
    $ 10,342,514     $ 11,513,693