PROPERTY AND EQUIPMENT

6 Months Ended

Jun. 30, 2013

NOTE 4 - PROPERTY AND EQUIPMENT

As of June 30, 2013 and December 31, 2012, property and equipment consists of the following:

	June 30, 2013			December 31, 2012
Leasehold improvements	$	2,158,838		$	1,290,723
Website development		13,500			10,800
Equipment		430,740			133,091
Computers and hardware		52,742			17,045
		2,655,820			1,451,659
Less accumulated depreciation		(100,449	)		-
	$	2,555,371		$	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 and six months ended June 30, 2013, was $71,951 and $100,449.

- Definition

The entire disclosure for long-lived, physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, accounting policies and methodology, roll forwards, depreciation, depletion and amortization expense, including composite depreciation, accumulated depreciation, depletion and amortization expense, useful lives and method used, income statement disclosures, assets held for sale and public utility disclosures.

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