Quarterly report pursuant to Section 13 or 15(d)

Property and Equipment, Net

v3.19.1
Property and Equipment, Net
3 Months Ended
Mar. 31, 2019
Property, Plant and Equipment [Abstract]  
Property and Equipment, Net

5. PROPERTY AND EQUIPMENT, NET

 

Property and equipment, net consists of the following:

 

    March 31, 2019     December 31, 2018  
Leasehold improvements   $ 12,119,164     $ 12,030,450  
Restaurant furniture and equipment     6,275,833       6,389,305  
Construction in progress     814,536       1,015,853  
Office and computer equipment     70,563       73,681  
Office furniture and fixtures     64,376       76,486  
      19,344,472       19,585,775  
Accumulated depreciation and amortization     (9,187,893 )     (9,117,934 )
    $ 10,156,579     $ 10,467,841  

 

Depreciation and amortization expense was approximately $423,000 and $407,000 for the three months ended March 31, 2019 and 2018, respectively.