Quarterly report pursuant to Section 13 or 15(d)

Property and Equipment

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Property and Equipment
6 Months Ended
Jun. 30, 2018
Property, Plant and Equipment [Abstract]  
Property and Equipment

5. PROPERTY AND EQUIPMENT

 

Property and equipment consists of the following:

 

    June 30, 2018     December 31, 2017  
Leasehold improvements   $ 9,748,671     $ 9,941,223  
Restaurant furniture and equipment     5,735,022       5,952,934  
Construction in progress     497,480       176,939  
Office furniture and equipment     148,451       148,451  
      16,129,624       16,219,547  
Accumulated depreciation and amortization     (7,893,348 )     (7,670,955 )
    $ 8,236,276     $ 8,548,592  

 

Depreciation and amortization expense was $0.4 million and $0.8 million for the three and six months ended June 30, 2018 and $0.5 and $1.0 million for the three and six months ended June 30, 2017, respectively.