NOTE 10 - COMMITMENTS AND CONTINGENCIES

6 Months Ended

Jun. 30, 2017

Commitments and Contingencies Disclosure [Abstract]

(10) - COMMITMENTS AND CONTINGENCIES

(10) COMMITMENTS AND CONTINGENCIES

a) Real Property Leases

The Company leases 5 (five) restaurant spaces from unrelated parties. Rent expense paid was $218,120 and $179,573 for the six months ended June 30, 2017 and 2016.

Future minimum lease payments under these real property lease agreements are as follows:

For the Year Ending December 31,	ESSE	IBE	IBA	IBWS	IBCH	Total
2017 – six months	$9,360	$5,600	$35,576	$48,600	$32,113	$131,249
2018	$           -	$             -	$72,616	$98,107	$65,511	$236,234
2019	$           -	$             -	$74,795	$102,643	$67,477	$244,915
2020	$           -	$             -	$77,038	$102,643	$69,501	$249,182
2021	$           -	$             -	$25,931	$102,643	$23,394	$151,968
Thereafter	$           -	$             -	$             -	$424,259	$           -	$424,259
Total minimum lease payments	$9,360	$5,600	$285,956	$878,895	$257,996	$1,437,807

ESSE: El Senor Sol - Evergreen; IBE: Illegal Burger - Evergreen; IBA: Illegal Burger - Arvada; IBWS - Illegal Burger - Writer Square; IBCH - Illegal Burger - Capital Hill

b) Other

The Company is subject to asserted claims and liabilities that arise in the ordinary course of business. The Company maintains insurance policies to mitigate potential losses from these actions. In the opinion of management, the amount of the ultimate liability with respect to those actions will not materially affect the Company’s financial position or results of operations.