Quarterly report pursuant to Section 13 or 15(d)

Property and Equipment, Net

v3.19.3
Property and Equipment, Net
 9 Months Ended
Sep. 30, 2019
Property, Plant and Equipment [Abstract]  
Property and Equipment, Net

5. PROPERTY AND EQUIPMENT, NET

 

Property and equipment, net consists of the following:

 

    September 30,
2019		     December 31,
2018		  
Leasehold improvements   $ 10,899,144     $ 12,030,450  
Restaurant furniture and equipment     4,496,256       6,389,305  
Construction in progress     650       1,015,853  
Office and computer equipment     72,533       73,681  
Office furniture and fixtures     164,001       76,486  
      15,632,584       19,585,775  
Accumulated depreciation and amortization     (7,472,752 )     (9,117,934 )
    $ 8,159,832     $ 10,467,841  

 

Depreciation and amortization expense was approximately $419,000 and $437,000 for the three months ended September 30, 2019 and 2018, respectively, and $1,274,000 and $1,189,000 for the nine months ended September 30, 2019 and 2018, respectively.