Sonnet BioTherapeutics, Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

PROPERTY AND EQUIPMENT (Tables)

PROPERTY AND EQUIPMENT (Tables)

6 Months Ended

Jun. 30, 2012

Property, Plant and Equipment [Abstract]

Property, Plant and Equipment [Table Text Block]

Property and equipment consists of the following at June 30, 2012 and December 31, 2011:

	2012			2011

Office and computer equipment	$	33,525		$	32,179
Furniture and fixtures		70,796			67,794
Construction in progress		375,000			296,660
Restaurant furnishings and equipment		2,979,742			2,246,089
		3,459,063			2,642,722
Accumulated depreciation		(356,146	)		(133,899	)
	$	3,102,917		$	2,508,823

- Definition

Tabular disclosure of the useful life and salvage value of long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale. Examples include land, buildings, machinery and equipment, and other types of furniture and equipment including, but not limited to, office equipment, furniture and fixtures, and computer equipment and software.

+ References + Details