Quarterly report pursuant to Section 13 or 15(d)

COMMITMENTS AND CONTINGENCIES (Tables)

v2.4.0.8
COMMITMENTS AND CONTINGENCIES (Tables)
 9 Months Ended
Sep. 30, 2013
Commitments and Contingencies Disclosure [Abstract]  
Schedule of Future Minimum Rental Payments for Operating Leases [Table Text Block]
Rent obligations for our eleven (one in South Africa is under construction with planned opening in December 2013) restaurants are presented below: 
 
Years ended September 30,
 
 
 
 
 
2014
 
$
1,078,121
 
 
2015
 
 
1,085,188
 
 
2016
 
 
1,057,710
 
 
2017
 
 
753,539
 
 
thereafter
 
 
3,998,379
 
 
Totals
 
$
7,972,937
 
Schedule of Rent Expense [Table Text Block]
Rent expense for the three and nine months ended September 30, 2013 and September 30, 2012 was as follows: 
 
 
 
 
Three months ended September 30,
 
Nine months ended September 30,
 
Segment:
 
2013
 
2012
 
2013
 
2012
 
 
Restaurants (1)
 
$
158,627
 
$
145,850
 
$
507,653
 
$
499,374
 
 
Management (2)
 
 
9,730
 
 
12,265
 
 
27,133
 
 
25,315
 
 
Totals
 
$
168,357
 
$
158,115
 
$
534,786
 
$
524,689
 
 
(1) Included in restaurant operating expenses of the Consolidated Statement of Operations
(2) Included in general and administrative expenses of the Consolidated Statement of Operations