The ONE Group Hospitality, Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Property and equipment, net

Property and equipment, net

3 Months Ended

Mar. 31, 2015

Property, Plant and Equipment [Abstract]

Property and equipment, net

Property and equipment, net:

Property and equipment, net consisted of the following:



	At March 31, 2015		At December 31, 2014

Furniture, fixtures and equipment	$	6,909,888	$	7,336,956
Leasehold improvements	23,311,449		20,719,230
Less accumulated depreciation and amortization	13,525,326		13,833,271
	16,696,011		14,222,915
Construction in progress	3,369,242		3,871,670
Restaurant supplies	732,296		721,040
Total	$	20,797,549	$	18,815,625

Depreciation and amortization related to property and equipment included in continuing operations amounted to $420,123 and $315,448 in the three months ended March 31, 2015 and 2014, respectively.

- Definition

The entire disclosure for long-lived, physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, accounting policies and methodology, roll forwards, depreciation, depletion and amortization expense, including composite depreciation, accumulated depreciation, depletion and amortization expense, useful lives and method used, income statement disclosures, assets held for sale and public utility disclosures.

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