Quarterly report pursuant to Section 13 or 15(d)

Property and Equipment

v3.7.0.1
Property and Equipment
 3 Months Ended
Mar. 31, 2017
Property, Plant and Equipment [Abstract]  
Property and Equipment

5. PROPERTY AND EQUIPMENT

 

Property and equipment consists of the following:

 

    March 31, 2017     December 31, 2016  
Leasehold improvements   $ 10,714,841     $ 10,363,996  
Restaurant furniture and equipment     6,846,679       6,716,926  
Construction in progress     602,522       582,265  
Office and computer equipment     68,303       68,303  
Land and buildings     844,965       826,664  
Office furniture and fixtures     108,030       108,030  
      19,185,340       18,666,184  
Accumulated depreciation and amortization     (7,686,565 )     (7,152,491 )
    $ 11,498,775     $ 11,513,693  

 

Depreciation and amortization expense was approximately $0.5 million for both periods ended March 31, 2017 and 2016, respectively.