Quarterly report pursuant to Section 13 or 15(d)

Property and Equipment

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Property and Equipment
3 Months Ended
Mar. 31, 2018
Property, Plant and Equipment [Abstract]  
Property and Equipment

5. PROPERTY AND EQUIPMENT

 

Property and equipment consists of the following:

 

    March 31, 2018     December 31, 2017  
Leasehold improvements   $ 9,799,270     $ 9,941,223  
Restaurant furniture and equipment     5,889,211       5,952,934  
Construction in progress     63,121       176,939  
Office furntiture and equipment     148,451       148,451  
      15,900,053       16,219,547  
Accumulated depreciation and amortization     (7,696,072 )     (7,670,955 )
    $ 8,203,981     $ 8,548,592  

 

Depreciation and amortization expense was approximately $0.4 million for the three months ended March 31, 2018 and $0.5 million for the three months ended March 31, 2017.