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NOTE 5 - INTANGIBLE ASSETS
9 Months Ended
Sep. 30, 2018
Finite-Lived Intangible Assets, Net [Abstract]  
(5) INTANGIBLE ASSETS

(5) INTANGIBLE ASSETS

 

In March 2015, as part of the acquisition of the Writer Square downtown location, the Company purchased the rights to negotiate a lease from the landlord for $125,000 in cash. The Company is amortizing this value over the remaining term of the lease.

 

In March 2016, as part of the acquisition of the Capital Hill location, the Company purchased the existing liquor license for $4,300 in cash. The Company is amortizing this value of the remaining term of the lease.

 

Amortization expense was $19,395 and $645 for the nine months ended September 30, 2018 and 2017, respectively.