Annual report pursuant to Section 13 and 15(d)

Property and Equipment, Net

v3.19.1
Property and Equipment, Net
12 Months Ended
Dec. 31, 2018
Property, Plant and Equipment [Abstract]  
Property and Equipment, Net

5. PROPERTY AND EQUIPMENT, NET

 

Property and equipment, net consists of the following at December 31, 2018 and 2017:

 

    December 31, 2018     December 31, 2017  
Leasehold improvements   $ 12,030,450     $ 9,941,223  
Restaurant furniture and equipment     6,389,305       5,952,934  
Construction in progress     1,015,853       176,939  
Office and computer equipment     73,681       71,965  
Office furniture and fixtures     76,486       76,486  
      19,585,775       16,219,547  
Accumulated depreciation and amortization     (9,117,934 )     (7,670,955 )
    $ 10,467,841     $ 8,548,592  

 

Depreciation and amortization expense was $1,642,943 and $1,950,021 for the years ended December 31, 2018 and 2017, respectively.