Quarterly report pursuant to Section 13 or 15(d)

PROPERTY AND EQUIPMENT (RESTATED NOTE 16) (Tables)

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PROPERTY AND EQUIPMENT (RESTATED NOTE 16) (Tables)
 6 Months Ended
Jun. 30, 2012
Property, Plant and Equipment [Abstract]  
Property, Plant and Equipment [Table Text Block]

Property and equipment consists of the following at June 30, 2012 and December 31, 2011:

    2012     2011  
             
Office and computer equipment   $ 33,525     $ 32,179  
Furniture and fixtures     47,686       47,686  
Construction in progress     375,000       217,001  
Restaurant furnishings and equipment     1,871,419       1,333,926  
      2,327,630       1,630,792  
Accumulated depreciation     (284,667 )     (125,733 )
    $ 2,042,963     $ 1,505,059
Depreciation Property Plant And Equipment [Table Text Block]

  

Depreciation expense for the three months ended June 30, 2012 and 2011:    
                 
Restaurants   $ 80,334     $ -  
Other     2,335       2,512  
Total   $ 82,669     $ 2,512  
                 
Depreciation expense for the six months ended June 30, 2012 and 2011:      
                 
Restaurants   $ 154,409     $ -  
Other     4,525       5,061  
Total   $ 158,934     $ 5,061