INTANGIBLE ASSETS

9 Months Ended

Sep. 30, 2015

Goodwill and Intangible Assets Disclosure [Abstract]

INTANGIBLE ASSET

NOTE 3 – INTANGIBLE ASSETS

The intangible asset at September 30, 2015, represents franchise license costs for the Denver restaurant (net of accumulated amortization of $13,125).

Amortization expenses of $1,250 and $3,750 have been recorded for each of the three and nine month periods ended September 30, 2015 and 2014. Amortization expense for the next five years and thereafter is estimated to be as follows:

2015 (remaining three months)	$	1,250
2016		5,000
2017		5,000
2018		5,000
2019		5,000
Thereafter		15,625
	$	36,875

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.  The Company is not currently using this trademark in its operations, nor is it contemplated for use in the foreseeable future.