PROPERTY AND EQUIPMENT

3 Months Ended

Mar. 31, 2016

Property, Plant and Equipment [Abstract]

PROPERTY AND EQUIPMENT

NOTE 4 – PROPERTY AND EQUIPMENT

As of March 31, 2016 and December 31, 2015, property and equipment consists of the following: 

	March 31,			December 31,
	2016			2015			Useful lives
Leasehold improvements	$	3,263,780		$	3,237,345		10 years
Website development		57,000			45,750		3 years
Equipment		2,051,568			2,077,889		3-7 years
Computers and hardware		170,822			170,822		5 years
		5,543,170			5,531,806
Less accumulated depreciation		(1,442,780	)		(1,252,710	)
	$	4,100,390		$	4,279,096

The Company's Lone Tree restaurant opened in late April 2015, and the Company's Glendale restaurant opened in November 2015, for which the Company began depreciating such assets at the date of each respective opening.  Depreciation expense was approximately $187,500 and $114,800 for the three months ended March 31, 2016 and 2015, respectively.