Quarterly report pursuant to Section 13 or 15(d)

PROPERTY AND EQUIPMENT (Tables)

v2.4.0.8
PROPERTY AND EQUIPMENT (Tables)
6 Months Ended
Jun. 30, 2013
Property, Plant and Equipment [Abstract]  
Property, Plant and Equipment [Table Text Block]
Property and equipment consists of the following at June 30, 2013 and December 31, 2012:
 
 
 
2013
 
2012
 
 
 
 
 
 
 
 
 
Office and computer equipment
 
$
35,076
 
$
35,076
 
Furniture and fixtures
 
 
47,686
 
 
47,686
 
Restaurant furnishings and equipment
 
 
2,870,946
 
 
2,826,760
 
 
 
 
2,953,708
 
 
2,909,522
 
Accumulated depreciation
 
 
(826,594)
 
 
(593,376)
 
 
 
$
2,127,114
 
$
2,316,146
 
 
 
 
 
 
 
 
 
Depreciation expense for the three months ended June 30, 2013 and 2012:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Restaurants
 
$
123,393
 
$
80,334
 
Other
 
 
1,085
 
 
2,335
 
Total
 
$
124,478
 
$
82,669
 
 
 
 
 
 
 
 
 
Depreciation expense for the six months ended June 30, 2013 and 2012:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Restaurants
 
$
230,294
 
$
154,409
 
Other
 
 
3,275
 
 
4,525
 
Total
 
$
233,569
 
$
158,934