Quarterly report pursuant to Section 13 or 15(d)

Property and Equipment, Net

v3.20.1
Property and Equipment, Net
 3 Months Ended
Mar. 31, 2020
Property, Plant and Equipment [Abstract]  
Property and Equipment, Net

5. PROPERTY AND EQUIPMENT, NET

 

Property and equipment, net consists of the following at March 31, 2020 and December 31, 2019:

 

    (Unaudited)        
    March 31, 2020     December 31, 2019  
Leasehold improvements   $ 7,682,654     $ 7,926,789  
Restaurant furniture and equipment     3,187,180       3,032,859  
Construction in progress     -       650  
Office and computer equipment     60,304       62,304  
Office furniture and fixtures     279,675       169,034  
      11,209,813       11,191,636  
Accumulated depreciation and amortization     (5,884,742 )     (5,561,146 )
    $ 5,325,071     $ 5,630,490