PROPERTY AND EQUIPMENT

3 Months Ended

Mar. 31, 2014

NOTE 4 - PROPERTY AND EQUIPMENT

As of March 31, 2014 and December 31, 2013, property and equipment consists of the following:

	March 31,			December 31,
	2014			2013			Useful lives
Leasehold improvements	$	2,153,326		$	2,146,322		3-10 years
Website development		21,500			13,500		3 years
Equipment		1,223,954			478,194		3-7 years
Computers and hardware		114,389			52,742		5 years
		3,513,169			2,690,758
Less accumulated depreciation		(349,211	)		(247,183	)
	$	3,163,958		$	2,443,575

The Company's first Denver-based restaurant opened in late February 2013, for which the Company began depreciating such assets. The Company's Colorado Springs-based restaurant opened in late January 2014, for which the Company began depreciating such assets. Depreciation expense for the three months ended March 31, 2014 and 2013 was approximately $99,300 and $28,500, respectively.

- 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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