Quarterly report pursuant to Section 13 or 15(d)

PROPERTY AND EQUIPMENT (Tables)

v2.4.0.8
PROPERTY AND EQUIPMENT (Tables)
 9 Months Ended
Sep. 30, 2013
Property, Plant and Equipment [Abstract]  
Property, Plant and Equipment [Table Text Block]
Property and equipment consists of the following at September 30, 2013 and December 31, 2012: 
 
 
 
2013
 
2012
 
 
 
 
 
 
 
 
 
Office and computer equipment
 
$
35,076
 
$
35,076
 
Furniture and fixtures
 
 
47,686
 
 
47,686
 
Restaurant furnishings and equipment
 
 
5,915,723
 
 
2,826,760
 
 
 
 
5,998,485
 
 
2,909,522
 
Accumulated depreciation
 
 
(951,363)
 
 
(593,376)
 
 
 
$
5,047,122
 
$
2,316,146
 
 
 
 
 
 
 
 
 
Depreciation expense for the three months ended September 30, 2013 and 2012:
 
 
 
 
 
 
 
Restaurants
 
$
122,669
 
$
90,313
 
Other
 
 
1,085
 
 
2,444
 
Total
 
$
123,754
 
$
92,757
 
 
 
 
 
 
 
 
 
Depreciation expense for the nine months ended September 30, 2013 and 2012:
 
 
 
 
 
 
 
Restaurants
 
$
352,963
 
$
244,722
 
Other
 
 
4,360
 
 
6,969
 
Total
 
$
357,323
 
$
251,691