Annual report pursuant to Section 13 and 15(d)

Significant Accounting Policies (Tables)

v3.3.1.900
Significant Accounting Policies (Tables)
12 Months Ended
Dec. 31, 2015
Accounting Policies [Abstract]  
Schedule of depreciation and amortization

The estimated useful lives used to compute depreciation and amortization are as follow:

 

Leasehold improvements 5-15 years
Restaurant furnishings and equipment 3-10 years
Furniture and fixtures 3-10 years
Office and computer equipment 3-7 years

Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share

The following table summarizes the number of common shares potentially issuable upon the exercise of certain warrants, convertible notes payable and convertible interest as of December 31, 2015 and 2014, which have been excluded from the calculation of diluted net loss per common share since the effect would be antidilutive.

 

    December 31, 2015     December 31, 2014  
Warrants     9,506,304       8,715,804  
Convertible notes payable     3,757,188       2,626,900  
Convertible interest     123,526       42,306  
Total     13,387,018       11,385,010