PROPERTY AND EQUIPMENT

6 Months Ended

Jun. 30, 2014

NOTE 4 - PROPERTY AND EQUIPMENT

As of June 30, 2014 and December 31, 2013, property and equipment consists of the following:

	June 30,			December 31,
	2014			2013			Useful lives
	(Unaudited)
Leasehold improvements	$	2,161,694		$	2,146,322		3-10 years
Website development		21,500			13,500		3 years
Equipment		1,255,660			478,194		3-7 years
Computers and hardware		116,276			52,742		5 years
		3,555,130			2,690,758
Less accumulated depreciation		(458,782	)		(247,183	)
	$	3,096,348		$	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 six and three months ended June 30, 2014 and 2013 was approximately $109,763, $71,951, $209,045 and $100,449, 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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