Quarterly report pursuant to Section 13 or 15(d)

PROPERTY, EQUIPMENT AND LEASEHOLD IMPROVEMENTS (Tables)

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PROPERTY, EQUIPMENT AND LEASEHOLD IMPROVEMENTS (Tables)
3 Months Ended
Mar. 31, 2016
Property Equipment And Leasehold Improvements Tables  
Property and equipment

Property, equipment, and leasehold improvements at cost, less accumulated depreciation, at March 31, 2016 and December 31, 2015 consisted of the following:

 

    March 31,     December 31,  
    2016     2015  
Land   $ 1,454,124     $ 1,454,124  
Furniture     131,547       70,786  
Equipment     2,358,202       2,322,444  
Leasehold improvements     4,567,014       3,893,330  
Subtotal     8,510,887       7,740,684  
Less accumulated depreciation     (1,196,438 )     (1,045,709 )
Total   $ 7,314,449     $ 6,694,975