Registration of securities issued in business combination transactions

Property and Equipment, Net

v3.19.3
Property and Equipment, Net
 9 Months Ended 12 Months Ended
Sep. 30, 2019
Dec. 31, 2018
Property, Plant and Equipment [Abstract]    
Property and Equipment, Net

5. PROPERTY AND EQUIPMENT, NET

 

Property and equipment, net consists of the following:

 

    September 30,
2019		     December 31,
2018		  
Leasehold improvements   $ 10,899,144     $ 12,030,450  
Restaurant furniture and equipment     4,496,256       6,389,305  
Construction in progress     650       1,015,853  
Office and computer equipment     72,533       73,681  
Office furniture and fixtures     164,001       76,486  
      15,632,584       19,585,775  
Accumulated depreciation and amortization     (7,472,752 )     (9,117,934 )
    $ 8,159,832     $ 10,467,841  

 

Depreciation and amortization expense was approximately $419,000 and $437,000 for the three months ended September 30, 2019 and 2018, respectively, and $1,274,000 and $1,189,000 for the nine months ended September 30, 2019 and 2018, respectively.

5. PROPERTY AND EQUIPMENT, NET

 

Property and equipment, net consists of the following at December 31, 2018 and 2017:

 

    December 31, 2018     December 31, 2017  
Leasehold improvements   $ 12,030,450     $ 9,941,223  
Restaurant furniture and equipment     6,389,305       5,952,934  
Construction in progress     1,015,853       176,939  
Office and computer equipment     73,681       71,965  
Office furniture and fixtures     76,486       76,486  
      19,585,775       16,219,547  
Accumulated depreciation and amortization     (9,117,934 )     (7,670,955 )
    $ 10,467,841     $ 8,548,592  

 

Depreciation and amortization expense was $1,642,943 and $1,950,021 for the years ended December 31, 2018 and 2017, respectively.