Annual report pursuant to Section 13 and 15(d)

Property and Equipment

v3.7.0.1
Property and Equipment
 12 Months Ended
Dec. 31, 2016
Property, Plant and Equipment [Abstract]  
Property and Equipment

6. PROPERTY AND EQUIPMENT

 

Property and equipment consists of the following at December 31, 2016 and 2015:

 

    December 31, 2016     December 31, 2015  
Leasehold improvements   $ 10,363,996     $ 10,094,130  
Restaurant furniture and equipment     6,716,926       6,243,196  
Construction in progress     582,265       -  
Office and computer equipment     68,303       5,470  
Land and buildings     826,664       708,020  
Office furniture and fixtures     108,030       104,406  
      18,666,184       17,155,222  
Accumulated depreciation and amortization     (7,152,491 )     (5,011,158 )
    $ 11,513,693     $ 12,144,064  

 

Depreciation and amortization expense was $2,029,804 and $1,468,144 for the years ended December 31, 2016 and 2015, respectively.