Annual report pursuant to Section 13 and 15(d)

Property and equipment, net (Tables)

v3.7.0.1
Property and equipment, net (Tables)
12 Months Ended
Dec. 31, 2016
Property, Plant and Equipment [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