Quarterly report pursuant to Section 13 or 15(d)

PROPERTY AND EQUIPMENT

v2.4.0.8
PROPERTY AND EQUIPMENT
 3 Months Ended
Mar. 31, 2014
Property, Plant and Equipment [Abstract]  
Property, Plant and Equipment Disclosure [Text Block]
5.
PROPERTY AND EQUIPMENT
 
Property and equipment consists of the following at March 31, 2014 and December 31, 2013:
 
 
 
March 31,
 
December 31,
 
 
 
2014
 
2013
 
 
 
 
 
 
 
 
 
Office and computer equipment
 
$
51,746
 
$
50,780
 
Furniture and fixtures
 
 
47,686
 
 
47,686
 
Restaurant furnishings and equipment
 
 
9,906,867
 
 
6,716,666
 
 
 
 
10,006,299
 
 
6,815,132
 
Accumulated depreciation
 
 
(1,483,690)
 
 
(1,194,943)
 
 
 
$
8,522,609
 
$
5,620,189
 
 
Restaurant furnishings and equipment consists of leasehold improvements, and bar, kitchen and restaurant equipment used in our restaurant locations.
 
Capital lease assets are included in the totals above and consist of the following at March 31, 2014 and December 31, 2013:
 
 
 
March 31,
 
December 31,
 
 
 
2014
 
2013
 
 
 
 
 
 
 
 
 
Capital lease assets
 
$
270,567
 
$
263,392
 
Accumulated depreciation
 
 
(126,196)
 
 
(104,946)
 
 
 
$
144,371
 
$
158,446
 
 
 
 
 
 
 
 
 
Three months ended March 31:
 
 
 
 
 
 
 
Depreciation expense
 
$
21,250
 
$
13,289