PROPERTY AND EQUIPMENT

3 Months Ended

Mar. 31, 2013

NOTE 4 - PROPERTY AND EQUIPMENT

As of March 31, 2013 and December 31, 2012, property and equipment consists of the following:

	March 31,			December 31,
	2013			2012
Leasehold improvements	$	2,000,502		$	1,290,723
Website development		10,800			10,800
Equipment		430,740			133,091
Computers and hardware		52,742			17,045
		2,494,784			1,451,659
Less accumulated depreciation		(28,498	)		-
	$	2,466,286		$	1,451,659

The Company's first Denver-based restaurant opened in late February 2013, for which the Company began depreciating such assets. Depreciation expense for the three months ended March 31, 2013, was $28,498.

- 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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