Property and equipment, net
|12 Months Ended|
Dec. 31, 2015
|Property, Plant and Equipment [Abstract]|
|Property and equipment, net||
Property and equipment, net.
Property and equipment, net consist of the following:
Depreciation and amortization related to property and equipment included in continuing operations amounted to $2,191,450 and $1,438,728 in the years ended December 31, 2015 and 2014, respectively.
At December 31, 2015 the Company took an impairment charge on the assets of our STK in Washington DC and the remaining assets of the shuttered STKOUT Midtown and BBCLV and wrote off gross assets of $3,282,851 and accumulated depreciation of $476,462.
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.
Reference 1: http://www.xbrl.org/2003/role/presentationRef