Annual report pursuant to Section 13 and 15(d)

Property and Equipment

v3.8.0.1
Property and Equipment
 12 Months Ended
Dec. 31, 2017
Property, Plant and Equipment [Abstract]  
Property and Equipment

6. PROPERTY AND EQUIPMENT

 

Property and equipment consists of the following at December 31, 2017 and 2016:

 

    December 31, 2017     December 31, 2016  
Leasehold improvements   $ 9,941,223     $ 10,363,996  
Restaurant furniture and equipment     5,952,934       6,716,926  
Construction in progress     176,939       582,265  
Office and computer equipment     71,965       68,303  
Land and buildings     -       826,664  
Office furniture and fixtures     76,486       108,030  
      16,219,547       18,666,184  
Accumulated depreciation and amortization     (7,670,955 )     (7,152,491 )
    $ 8,548,592     $ 11,513,693  

 

Depreciation and amortization expense was $1,950,021 and $2,029,804 for the years ended December 31, 2017 and 2016, respectively.