Quarterly report pursuant to Section 13 or 15(d)

Significant Accounting Policies (Tables)

v3.8.0.1
Significant Accounting Policies (Tables)
3 Months Ended
Mar. 31, 2018
Accounting Policies [Abstract]  
Schedule of Revenue Recognized

Revenue recognized for the period ended March 31, 2018 under ASC-606 and revenue that would have been recognized for the period ended March 31, 2018 had ASC-605 been applied is as follows:

 

    As reported under ASC-606     If reported under ASC-605     Increase (decrease)  
Restaurant sales, net   $ 9,769,508     $ 9,769,508     $ -  
Gaming income, net     93,155       93,155       -  
Management fee income     25,000       25,000       -  
Franchise income     107,853       86,335       21,518  
Total Revenue   $ 9,995,516     $ 9,973,998     $ 21,518  

Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share

    March 31, 2018     March 31, 2017  
Warrants     2,262,615       907,203  
Convertible notes     366,667       523,369  
Accrued interest on convertible notes     -       47,514  
Total     2,629,282       1,478,086