Annual report pursuant to Section 13 and 15(d)

Property and Equipment

v3.3.1.900
Property and Equipment
 12 Months Ended
Dec. 31, 2015
Property, Plant and Equipment [Abstract]  
Property and Equipment

6. PROPERTY AND EQUIPMENT

 

Property and equipment consists of the following at December 31, 2015 and 2014:

 

    December 31, 2015     December 31, 2014  
Leasehold improvements   $ 11,988,993     $ 9,940,517  
Restaurant furniture and equipment     10,622,806       7,827,925  
Construction in progress     -       727,934  
Office and computer equipment     10,643       51,746  
Land and buildings     708,020       437,223  
Office furniture and fixtures     104,450       60,302  
      23,434,912       19,045,647  
Accumulated depreciation and amortization     (6,793,680 )     (5,730,238 )
    $ 16,641,232     $ 13,315,409  

 

Restaurant furnishings and equipment includes assets under capital leases from our South African restaurants $196,100 and $179,320, net book value of $53,497 and $59,261 as of December 31, 2015 and December 31, 2014, respectively. Depreciation and amortization expense $53,424 and $74,204 for capital lease assets for the year ended December 31, 2015 and 2014, respectively.