INTANGIBLE ASSETS

3 Months Ended

Mar. 31, 2015

NOTE 3 – INTANGIBLE ASSETS

The intangible asset at March 31, 2015, represents franchise license costs for the Denver restaurant (net of accumulated amortization of $10,625).

Amortization expense of $1,250 has been recorded for each of the three month periods ended March 31, 2015 and 2014. Amortization expense for the next five years and thereafter is estimated to be as follows:

2015 (remaining nine months)	$	3,750
2016		5,000
2017		5,000
2018		5,000
2019		5,000
Thereafter		15,625
	$	39,375

The Company licenses the rights to the trademark “Bourbon Brothers” and certain intellectual property, as defined, from a related party, Bourbon Brothers LLC (“BBLLC), for use in the Company's business operations. BBLLC has granted an exclusive license to use and to sublicense the tradename and intellectual property for an initial ten-year term. The agreement shall automatically renew for additional terms of ten-years each without any action required by either party. This license agreement does not require the payment of royalties or any other consideration.