PROPERTY AND EQUIPMENT

12 Months Ended

Dec. 31, 2012

NOTE 4 - PROPERTY AND EQUIPMENT

As of December 31, 2012, property and equipment consists of the following:

Leasehold improvements	$	1,290,723
Website development		10,800
Equipment		133,091
Computers and hardware		17,045
	$	1,451,659

Property and equipment at December 31, 2012, has not yet been placed in service, and therefore no deprecation has been recorded through December 31, 2012. The Company's first Denver-based restaurant opened in late February 2013, for which the Company began depreciating such assets.

Between January 1, 2013, and the date of the Denver-based restaurant opening, the Company expended approximately $1 million of additional costs, capitalized to property and equipment.

- Definition

The entire disclosure for long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale. Examples include land, buildings, machinery and equipment, and other types of furniture and equipment including, but not limited to, office equipment, furniture and fixtures, and computer equipment and software. This disclosure may include property plant and equipment accounting policies and methodology, a schedule of property, plant and equipment gross, additions, deletions, transfers and other changes, depreciation, depletion and amortization expense, net, accumulated depreciation, depletion and amortization expense and useful lives, income statement disclosures, assets held for sale and public utility disclosures.

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