Annual report pursuant to Section 13 and 15(d)

Business and summary of significant accounting policies (Tables)

v3.7.0.1
Business and summary of significant accounting policies (Tables)
12 Months Ended
Dec. 31, 2016
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Schedule of Property and Equipment
Property and equipment are stated at cost and depreciated using the straight-line method over estimated useful lives as follows:
 
Computer and equipment
5-7 years
Furniture and fixtures
5-7 years
Property and equipment, net consist of the following:
 
 
At December 31,
 
2016
 
2015
Furniture, fixtures and equipment
$
9,543,573

 
$
7,576,125

Leasehold improvements
36,147,135

 
24,365,576

Less accumulated depreciation and amortization
15,809,101

 
13,188,872

 
29,881,607

 
18,752,829

Construction in progress
5,579,510

 
7,967,181

Restaurant supplies
1,354,122

 
1,232,317

Totals
$
36,815,239

 
$
27,952,327