Quarterly report pursuant to Section 13 or 15(d)

Property and Equipment, Net

v3.19.2
Property and Equipment, Net
6 Months Ended
Jun. 30, 2019
Property, Plant and Equipment [Abstract]  
Property and Equipment, Net

5. PROPERTY AND EQUIPMENT, NET

 

Property and equipment, net consists of the following:

 

    June 30, 2019     December 31, 2018  
Leasehold improvements   $ 11,129,013     $ 12,030,450  
Restaurant furniture and equipment     5,848,191       6,389,305  
Construction in progress     297,993       1,015,853  
Office and computer equipment     69,803       73,681  
Office furniture and fixtures     73,838       76,486  
      17,418,838       19,585,775  
Accumulated depreciation and amortization     (8,406,450 )     (9,117,934 )
    $ 9,012,388     $ 10,467,841  

 

Depreciation and amortization expense was approximately $432,000 and $392,000 for the three months ended June 30, 2019 and 2018, respectively, and $855,000 and $799,000 for the six months ended June 30, 2019 and 2018, respectively.