Southern Concepts Restaurant (RIBS) 10-Q 12 Aug 16 2016 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Jun. 30, 2016	Aug. 12, 2016
Document and Entity Information [Abstract]
Entity Registrant Name	Southern Concepts Restaurant Group, Inc.
Entity Central Index Key	1,445,918
Amendment Flag	false
Document Type	10-Q
Document Period End Date	Jun. 30, 2016
Document Fiscal Period Focus	Q2
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2,016
Entity Current Reporting Status	Yes
Entity Filer Category	Smaller Reporting Company
Entity Common Stock, Shares Outstanding		71,921,048

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)	Jun. 30, 2016	Dec. 31, 2015
Current assets:
Cash and cash equivalents	$ 110,772	$ 1,107,330
Prepaid expenses and other	43,280	117,499
Inventory	87,640	91,358
Total current assets	241,692	1,316,187
Deposits	120,555	120,555
Related party receivable	25,787	25,787
Intangible asset, net	33,125	35,625
Property and equipment, net	3,957,368	4,279,096
Total assets	4,378,527	5,777,250
Current liabilities:
Accounts payable	61,043	256,252
Accrued expenses	278,751	272,347
Notes payable, current portion	275,000
Convertible notes payable and accrued interest, current portion	140,425	129,489
Related party note payable (net of discount of $182,970 (2016) and $365,940 (2015))	567,030	784,059
Total current liabilities	1,322,249	1,442,147
Deferred rent	296,779	309,895
Notes payable and accrued interest, net of current portion	257,334	482,934
Convertible notes payable and accrued interest, less current portion, (net of discount of $450,751 (2016) and $514,545 (2015)	1,201,267	1,110,122
Total liabilities	3,077,629	3,345,098
Commitments and contingencies
Equity
Preferred stock - par value $0.001; Authorized Series A shares - 456,068 Issued and outstanding Series A shares - 456,068 (2016) and 4,884,859 (2015)	23,348	248,994
Common stock - no par value; Authorized shares - 125,000,000 Issued and outstanding shares - 71,864,318 (2016) and 62,398,303 (2015)	10,266,230	9,799,319
Additional paid-in capital	4,173,970	3,873,710
Accumulated deficit	(13,561,557)	(12,092,077)
Total Southern Concepts Restaurant Group, Inc ("SCRG") equity	901,991	1,829,946
Noncontrolling interest	398,907	602,206
Total equity	1,300,898	2,432,152
Total liabilities and equity	$ 4,378,527	$ 5,777,250

CONDENSED CONSOLIDATED BALANCE3

CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) (Parenthetical) - USD ($)	Jun. 30, 2016	Dec. 31, 2015
Statement of Financial Position [Abstract]
Related party note payable, discount	$ 182,970	$ 365,940
Convertible notes payable and accrued interest, discount	$ 450,751	$ 514,545
Preferred stock, par value	$ 0.001	$ 0.001
Preferred stock, shares authorized	456,068	4,884,859
Preferred stock, shares issued	456,068	4,884,859
Preferred stock, shares outstanding	456,068	4,884,859
Common stock, par value	$ 0	$ 0
Common stock, shares authorized	125,000,000	125,000,000
Common stock, shares issued	71,864,318	62,398,303
Common stock, shares outstanding	71,864,318	62,398,303

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF LOSS (Unaudited) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Income Statement [Abstract]
Revenue	$ 1,979,605	$ 1,815,129	$ 3,861,398	$ 3,055,795
Operating expenses:
Restaurant operating costs (related party $100,300, $200,600, $100,300 and $200,600 for the three and six months ended June 30, 2016 and 2015), exclusive of depreciation and amortization below	2,019,400	1,802,726	3,951,037	3,070,644
General and administrative	289,783	548,898	709,701	1,108,016
Selling and marketing	70,911	125,745	151,526	147,963
Depreciation and amortization	161,378	139,376	350,076	252,224
Total operating expenses	2,541,472	2,616,745	5,162,340	4,578,847
Loss from operations	(561,867)	(801,616)	(1,300,942)	(1,523,052)
Other expense:
Interest expense (related party $32,500, $65,812, $33,100 and $67,851 for the three and six months ended June 30, 2016 and 2015)	(186,077)	(194,548)	(371,837)	(376,037)
Net loss	(747,944)	(996,164)	(1,672,779)	(1,899,089)
Net loss attributable to noncontrolling interest	(95,255)	(138,789)	(203,299)	(204,273)
Net loss attributable to SCRG	(652,689)	(857,375)	(1,469,480)	(1,694,816)
Net loss	$ (747,944)	$ (996,164)	$ (1,672,779)	$ (1,899,089)
Basic and diluted net loss per share attributable to SCRG common shareholders	$ (0.01)	$ (0.02)	$ (0.02)	$ (0.04)
Weighted average number of common shares outstanding - basic and diluted	71,122,105	50,436,065	69,203,020	49,718,443

CONDENSED CONSOLIDATED STATEME5

CONDENSED CONSOLIDATED STATEMENTS OF LOSS (Unaudited) (Parenthetical) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Income Statement [Abstract]
Related party expenses	$ 100,300	$ 100,300	$ 200,600	$ 200,600
Related party interest expense	$ 32,500	$ 33,100	$ 65,812	$ 67,851

CONDENSED CONSOLIDATED STATEME6

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)	6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015
Cash flows from operating activities
Net cash used in operating activities	$ (1,053,566)	$ (1,168,168)
Cash flows from investing activities
Purchase of property and equipment	(15,564)	(1,283,414)
Net cash used in investing activities	(15,564)	(1,283,414)
Cash flows from financing activities
Contribution to subsidiary by non-controlling interest	75,000	625,566
Distribution to non-controlling interest holders	(75,938)	(7,934)
Proceeds from issuance of a promissory note	125,000
Payment of long-term debt	(25,600)
Payment of notes	(50,000)
Payment on promissory notes	(400,000)	(25,000)
Proceeds from sale of common stock and warrants	424,110	564,666
Payment on short-term promissory note
Proceeds from issuance of long-term debt, net		300,771
Proceeds from issuance of promissory notes and warrants		180,000
Net cash provided by financing activities	72,572	1,638,069
Net decrease in cash and cash equivalents	(996,558)	(813,513)
Cash and cash equivalents, beginning	1,107,330	1,182,099
Cash and cash equivalents, ending	$ 110,772	$ 368,586

CONDENSED CONSOLIDATED STATEME7

CONDENSED CONSOLIDATED STATEMENT OF CHANGES IN EQUITY (Unaudited) - 6 months ended Jun. 30, 2016 - USD ($)	Common Stock [Member]	Preferred Stock [Member]	Additional Paid-in Capital [Member]	Accumulated Deficit [Member]	Noncontrolling Interest [Member]	Total
Balances, beginning at Dec. 31, 2015	$ 9,799,319	$ 248,994	$ 3,873,710	$ (12,092,077)	$ 602,206	$ 2,432,152
Balances, beginning, shares at Dec. 31, 2015	62,398,303	4,884,859				62,398,303
Issuance of common stock and warrants for cash	$ 241,265		182,845			$ 424,110
Issuance of common stock and warrants for cash, shares	2,120,558					2,120,558
Stock-based compensation			117,415			$ 117,415
Cashless exercise of a warrant
Cashless exercise of a warrant, shares	2,916,666
Conversion of Series A preferred shares to common	$ 225,646	$ (225,646)
Conversion of Series A preferred shares to common, shares	4,428,791	(4,428,791)
Contribution by non-controlling interest holder					75,000	75,000
Distribution to non-controlling interest holder					(75,000)	(75,000)
Net loss				(1,469,480)	(203,299)	(1,672,779)
Balances, ending at Jun. 30, 2016	$ 10,266,230	$ 23,348	$ 4,173,970	$ (13,561,557)	$ 398,907	$ 1,872,389
Balances, ending, shares at Jun. 30, 2016	71,864,318	456,068				71,864,318

BASIS OF PRESENTATION AND MANAG

BASIS OF PRESENTATION AND MANAGEMENT'S PLANS	6 Months Ended
	Jun. 30, 2016
Organization, Consolidation and Presentation of Financial Statements [Abstract]
BASIS OF PRESENTATION AND MANAGEMENT'S PLANS	NOTE 1 –BASIS OF PRESENTATION AND MANAGEMENT'S PLANS Basis of Presentation Southern Concepts Restaurant Group, Inc. (“SCRG”), a Colorado corporation, together with its subsidiaries (collectively the “Company”) develops and operates full-service restaurants and a fast casual restaurant. SCRG was formed on January 29, 2008. The Company, on March 9, 2015, with the approval of a majority of the Company’s shareholders, changed its name from Bourbon Brothers Holding Corporation to Southern Concepts Restaurant Group, Inc. The Company operates and manages restaurants through its wholly-owned and majority-owned subsidiaries, including: SH Franchisee & Licensing Corp. (“SH”) Southern Hospitality Denver Holdings, LLC (“SHDH”) Southern Hospitality Denver, LLC (“SHD”) Southern Hospitality Lone Tree, LLC (“SHLT”) Carve Restaurant Group, LLC (“CRG”) Carve BBQ Glendale, LLC (“CARVEG”) Southern Hospitality Southern Kitchen Colorado Springs, LLC (“SHSK”) Bourbon Brothers Holding Company, LLC (“BBHCLLC”) Bourbon Brothers Restaurant Group, LLC (“BBRG”) The accompanying unaudited condensed consolidated financial statements of the Company have been prepared in accordance with U.S. generally accepted accounting principles for interim financial statements and pursuant to the rules and regulations of the Securities and Exchange Commission. In the opinion of management, the accompanying unaudited condensed consolidated financial statements reflect all adjustments consisting of normal recurring adjustments necessary for a fair presentation of its financial position and results of operations. Interim results of operations are not necessarily indicative of the results that may be achieved for the full year. The financial statements and related notes do not include all information and footnotes required by U.S. generally accepted accounting principles for annual reports. This quarterly report should be read in conjunction with the consolidated financial statements included in the Company’s annual report on Form 10-K for the year ended December 31, 2015. Management's Plans During 2016, the Company is exploring options for growth for the Company’s two brands, Southern Hospitality and Carve Barbecue. Specifically, the Company is looking at building the Southern Hospitality growth model on the footprint and profitability similar to its Southern Hospitality Lone Tree location, with real estate between 4,000 to 5,000 square feet. In regards to the Carve model, the Company is identifying real estate partners and locations for its 2,500 square feet footprint. The Company's continued implementation of its business plan is dependent on its future profitability and on additional debt or equity financing. The Company believes that its focus on the individual store performances reflect an ongoing effort to curb costs within food and labor, while also pursuing marketing activities to increase revenues during the remainder of 2016 at all restaurant locations while also curtailing expenses at the corporate level.

SIGNIFICANT ACCOUNTING POLICIES

SIGNIFICANT ACCOUNTING POLICIES	6 Months Ended
	Jun. 30, 2016
Accounting Policies [Abstract]
SIGNIFICANT ACCOUNTING POLICIES	NOTE 2 – SIGNIFICANT ACCOUNTING POLICIES Recently Issued Accounting Standards In March 2016, the FASB issued ASU 2016-09, Improvements to Employee Share-Based Payment Accountin In July 2015, the FASB issued ASU No. 2015-11, Inventory (Topic 330) Simplifying the Measurement of Inventory , which changes the measurement from lower of cost or market to lower of cost and net realizable value. The guidance requires prospective application for reporting periods beginning after December 15, 2016 and permits adoption in an earlier period. The Company intends to adopt this ASU in the first quarter of 2016; the adoption of this ASU is not expected to have a material impact on the Company’s consolidated financial statements. The provisions of this ASU are to be applied using a modified retrospective approach. The Company is currently evaluating the effect that this ASU will have on the consolidated financial statements. In February 2016, the FASB issued ASU No. 2016-02 ("ASU 2016-02"), Leases (Topic 842) "Leases (Topic 840)" In May 2014, FASB issued ASU No. 2014-09, Revenue from Contracts from Customers Management has not identified any other recently issued accounting standards that it believes may have a significant impact on the consolidated financial statements. Inventory Inventory consists of food and beverages and is stated at the lower of cost (first-in, first-out) or market.

INTANGIBLE ASSETS

INTANGIBLE ASSETS	6 Months Ended
	Jun. 30, 2016
Goodwill and Intangible Assets Disclosure [Abstract]
INTANGIBLE ASSET	NOTE 3 – INTANGIBLE ASSETS Intangible assets at June 30, 2016, represent franchise license costs for the Denver restaurant (net of accumulated amortization of $16,875). Amortization expenses of $1,250 and $2,500 have been recorded for the three and six month periods ended June 30, 2016 and 2015. Amortization expense for the next five years and thereafter is estimated to be as follows: Year ending 2016 (remainder of year) $ 2,500 2017 5,000 2018 5,000 2019 5,000 2020 5,000 Thereafter 10,625 $ 33,125 The Company licenses the rights to the trademark “Bourbon Brothers” and certain intellectual property, as defined, from a related party, Hospitality Income & Asset, LLC (“HIA”) previously Bourbon Brothers LLC), for use in the Company’s business operations. HIA has granted an exclusive license to use and to sublicense the tradename and intellectual property for an initial ten-year term. The agreement shall automatically renew for additional terms of ten-years each without any action required by either party. This license agreement does not require the payment of royalties or any other consideration. The Company is not currently using this trademark in its operations, nor is it contemplated for use in the foreseeable future.

RELATED PARTY NOTE PAYABLE

RELATED PARTY NOTE PAYABLE	6 Months Ended
	Jun. 30, 2016
Debt Disclosure [Abstract]
RELATED PARTY NOTE PAYABLE	NOTE 4 – RELATED PARTY NOTE PAYABLE On December 31, 2014, the Company entered into a Loan Agreement and associated Promissory Note (the “Loan Agreement”) with Bourbon Brothers #14, LLC (“BB14”) which provides for an unsecured term loan in the aggregate original principal amount of $1,250,000 (the “Loan”). The Company received net proceeds of $1,197,714 after loan closing fees. BB14 is a related party entity, controlled by certain shareholders of the Company. The Company is to pay interest on the Loan at the greater of 9.5% or 6.25% per annum plus the prime rate announced by the Wall Street Journal. In addition, the Company is to pay a monthly loan servicing fee in the amount of 1% of the principal balance of the Loan. The entire principal balance of the Loan, plus any accrued and unpaid interest, is due on December 29, 2016. The related party interest expense on this loan for the three and six months ended June 30, 2016 and 2015 was $33,300, $66,650, $32,500 and $65,000, respectively. The Company paid $100,000 towards prepayment of this Loan to BB14 at December 31, 2015. During the six months ended June 30, 2016, the Company prepaid an additional $400,000 towards this Loan then recaptured $100,000 for this repayment for a net prepayment during the period of $300,000.

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	6 Months Ended
	Jun. 30, 2016
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	NOTE 5 – COMMITMENTS AND CONTINGENCIES Commitments: Franchise agreement The Company operates its Denver restaurant property under a franchise agreement with the Franchisor under an initial ten-year term, renewable for two additional five-year terms. Pursuant to the franchise agreement, as amended, the Company is to pay royalty fees based on a percentage of gross revenues (2.5%, subject to a monthly floor of $5,000) , plus additional fees and costs for marketing, training, inventory and other franchisor costs. Two shareholders of the Company have personally guaranteed royalty payments to the Franchisor. For the three and six months ended June 30, 2016 and 2015, the Company incurred royalty expense of $43,300, $85,400, $41,000 and $57,700, respectively. Related Party In January 2014, the Company entered into a 120 month lease with a related party for its Colorado Springs-based restaurant. The Company pays $33,424 per month escalating by approximately 10% every 60 months. Contingencies: From time to time, the Company may become party to litigation and other claims in the ordinary course of business. To the extent that such claims and litigation arise, management provides for them if upon the advice of counsel, losses are determined to be both probable and estimable

EQUITY

EQUITY	6 Months Ended
	Jun. 30, 2016
Stockholders' Equity Note [Abstract]
EQUITY	NOTE 6 – EQUITY Common stock: The Company issued 956,775 common shares of stock for proceeds of $191,355 between April 1, 2016 and June 30, 2016. For the period from January 1, 2016 through June 30, 2016, the Company issued 2,120,558 common shares of stock for proceeds of $424,110. Stock options: The stock-based compensation cost related to options that have been included as a charge to general and administrative expense in the statements of loss was approximately $35,100, $117,400, $57,000 and $131,200 for the three and six months ended June 30, 2016 and 2015, respectively. As of June 30, 2016 there was approximately $132,800 of unrecognized compensation cost related to non-vested stock options. The cost is expected to be recognized over a weighted-average period of less than five years. In March 2015, the Company granted options to buy 300,000 shares of common stock to certain members of the Board of Directors. These options required that the Directors be on the Board at the date of exercise. These Directors are no longer on the Board since March 2016. In March 2016, the Company determined that this performance condition would no longer be required and that the Company would permit exercise of the options. This did not have a material impact on the Company's results of operations. The following tables set forth the activity in the Company's Plan for the six months ended June 30, 2016: Weighted Weighted average Shares average remaining Aggregate under exercise contractual intrinsic option price life value Outstanding at January 1, 2016 2,867,876 $ 0.30 Granted - - Exercised - - Forfeited/cancelled (729,707 ) 0.07 Outstanding at June 30, 2016 2,138,169 0.38 3.03 $ - Exercisable at June 30, 2016 1,497,243 $ 0.42 3.10 $ - The following table summarizes the activity and value of non-vested options as of and for the six months ended June 30, 2016: Weighted average Number of grant date options fair value Non-vested options outstanding at January 1, 2016 1,365,926 $ 0.18 Granted - - Vested (725,000 ) 0.48 Forfeited/cancelled - - Non-vested options outstanding at June 30, 2016 640,926 $ 0.10 Warrants: The following table sets forth the activity regarding warrants for the six months ended June 30, 2016: Weighted Weighted Average Shares Average Remaining Aggregate Underlying Exercise Contractual Intrinsic Warrants Price Life Value Outstanding at January 1, 2016 27,717,614 $ 0.25 2.96 Granted 2,178,554 0.40 Exercised (5,000,000 ) Forfeited/cancelled (250,000 ) Outstanding at June 30, 2016 24,646,168 0.29 2.10 $ - Exercisable at June 30, 2016 24,505,168 $ 0.29 2.10 $ - The following table sets for the activity regarding non-vested warrants for the six months ended June 30, 2016: Non-vested Weighted Weighted Shares Average Average Underlying Exercise Grant Date Warrants Price Fair Value Non-vested at January 1, 2016 173,000 $ 0.18 $ 0.24 Granted 2,178,554 0.40 $ - Vested (2,160,554 ) 0.40 0.00 Forfeited/cancelled (50,000 ) 0.50 $ 0.50 Non-vested at June 30, 2016 141,000 $ 0.29 $ 0.35

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	6 Months Ended
	Jun. 30, 2016
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	NOTE 7 – SUBSEQUENT EVENTS On August 3, 2016, the Company granted options to four members of its Board of Directors to purchase up to 100,000 common shares that vest on March 9, 2017, with an exercise price of $0.05 per share. The Company also amended stock options originally dated January 22, 2014, to accelerate the vesting schedule for 91,214 shares of common stock from August 19, 2017 to August 19, 2016. T he Company also granted options for 5,000,000 shares of common stock, with 1,000,000 options vesting immediately followed by 1,000,000 per year for the next four years, with an exercise price of $0.05 per share.

SIGNIFICANT ACCOUNTING POLICI15

SIGNIFICANT ACCOUNTING POLICIES (Policies)	6 Months Ended
	Jun. 30, 2016
Accounting Policies [Abstract]
Recently Issued Accounting Standards	Recently Issued Accounting Standards In March 2016, the FASB issued ASU 2016-09, Improvements to Employee Share-Based Payment Accountin In July 2015, the FASB issued ASU No. 2015-11, Inventory (Topic 330) Simplifying the Measurement of Inventory , which changes the measurement from lower of cost or market to lower of cost and net realizable value. The guidance requires prospective application for reporting periods beginning after December 15, 2016 and permits adoption in an earlier period. The Company intends to adopt this ASU in the first quarter of 2016; the adoption of this ASU is not expected to have a material impact on the Company’s consolidated financial statements. The provisions of this ASU are to be applied using a modified retrospective approach. The Company is currently evaluating the effect that this ASU will have on the consolidated financial statements. In February 2016, the FASB issued ASU No. 2016-02 ("ASU 2016-02"), Leases (Topic 842) "Leases (Topic 840)" In May 2014, FASB issued ASU No. 2014-09, Revenue from Contracts from Customers Management has not identified any other recently issued accounting standards that it believes may have a significant impact on the consolidated financial statements.
Inventory	Inventory Inventory consists of food and beverages and is stated at the lower of cost (first-in, first-out) or market.

INTANGIBLE ASSETS (Tables)

INTANGIBLE ASSETS (Tables)	6 Months Ended
	Jun. 30, 2016
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Estimated Future Amortization Expense	Year ending 2016 (remainder of year) $ 2,500 2017 5,000 2018 5,000 2019 5,000 2020 5,000 Thereafter 10,625 $ 33,125

EQUITY (Tables)

EQUITY (Tables)	6 Months Ended
	Jun. 30, 2016
Warrants [Member]
Schedule of Activity	Weighted Weighted Average Shares Average Remaining Aggregate Underlying Exercise Contractual Intrinsic Warrants Price Life Value Outstanding at January 1, 2016 27,717,614 $ 0.25 2.96 Granted 2,178,554 0.40 Exercised (5,000,000 ) Forfeited/cancelled (250,000 ) Outstanding at June 30, 2016 24,646,168 0.29 2.10 $ - Exercisable at June 30, 2016 24,505,168 $ 0.29 2.10 $ -
Schedule of Nonvested Share Activity	Non-vested Weighted Weighted Shares Average Average Underlying Exercise Grant Date Warrants Price Fair Value Non-vested at January 1, 2016 173,000 $ 0.18 $ 0.24 Granted 2,178,554 0.40 $ - Vested (2,160,554 ) 0.40 0.00 Forfeited/cancelled (50,000 ) 0.50 $ 0.50 Non-vested at June 30, 2016 141,000 $ 0.29 $ 0.35
Stock Option [Member]
Schedule of Activity	Weighted Weighted average Shares average remaining Aggregate under exercise contractual intrinsic option price life value Outstanding at January 1, 2016 2,867,876 $ 0.30 Granted - - Exercised - - Forfeited/cancelled (729,707 ) 0.07 Outstanding at June 30, 2016 2,138,169 0.38 3.03 $ - Exercisable at June 30, 2016 1,497,243 $ 0.42 3.10 $ -
Schedule of Nonvested Share Activity	Weighted average Number of grant date options fair value Non-vested options outstanding at January 1, 2016 1,365,926 $ 0.18 Granted - - Vested (725,000 ) 0.48 Forfeited/cancelled - - Non-vested options outstanding at June 30, 2016 640,926 $ 0.10

BASIS OF PRESENTATION AND MAN18

BASIS OF PRESENTATION AND MANAGEMENT'S PLANS (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015	Dec. 31, 2015
Basis Of Presentation And Managements Plans Details
Net loss	$ (747,944)	$ (996,164)	$ (1,672,779)	$ (1,899,089)
Accumulated deficit	$ (13,561,557)		$ (13,561,557)		$ (12,092,077)

INTANGIBLE ASSETS (Schedule of

INTANGIBLE ASSETS (Schedule of Estimated Future Amortization Expense) (Details)	Jun. 30, 2016USD ($)
Estimated future amortization expense:
2016 (remainder of year)	$ 2,500
2,017	5,000
2,018	5,000
2,019	5,000
2,020	5,000
Thereafter	10,625
Total	$ 33,125

INTANGIBLE ASSETS (Narrative) (

INTANGIBLE ASSETS (Narrative) (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Intangible Assets Details Narrative
Accumulated amortization	$ 16,875		$ 16,875
Amortization expenses	$ 1,250	$ 1,250	$ 2,500	$ 2,500

RELATED PARTY NOTE PAYABLE (Det

RELATED PARTY NOTE PAYABLE (Details) - USD ($)	1 Months Ended	3 Months Ended		6 Months Ended		12 Months Ended
	Dec. 31, 2014	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015	Dec. 31, 2015
Proceeds from loan					$ 300,771
Interest expense		$ 32,500	$ 33,100	65,812	67,851
Repayment of loan, net				25,600
Promissory Note [Member]
Principal amount	$ 1,250,000
Proceeds from loan	$ 1,197,714
Stated interest rate	9.50%
Loan servicing fee percentage	0.10%
Maturity date	Dec. 29, 2016
Interest expense		$ 33,300	$ 32,500	66,650	$ 65,000
Repayment of loan, gross				400,000
Amount recaptured				100,000
Repayment of loan, net				$ 300,000		$ 100,000
Promissory Note [Member] | Prime Rate [Member]
Percentage in addition to prime rate	6.25%

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Details) - USD ($)	1 Months Ended		3 Months Ended		6 Months Ended
	Jan. 31, 2014	Apr. 30, 2012	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Property, Plant and Equipment [Line Items]
Monthly royalty floor			$ 5,000		$ 5,000
Royalty expense			$ 43,300	$ 41,000	$ 85,400	$ 57,700
Royalty percentage			2.50%		2.50%
Restaurant in Denver Colorado [Member]
Property, Plant and Equipment [Line Items]
Lease Term		10 years
Lease renewal term		5 years
Restaurant in Colorado Springs [Member]
Property, Plant and Equipment [Line Items]
Lease Term	120 months
Monthly rent expense	$ 33,424
Increase percentage on lease rent			10.00%		10.00%

EQUITY (Narrative) (Details)

EQUITY (Narrative) (Details) - USD ($)	1 Months Ended	3 Months Ended		6 Months Ended
	Mar. 31, 2015	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Stockholders' Equity Note. [Abstract]
Sale of common stock for cash, shares		956,775		2,120,558
Sale of common stock for cash		$ 191,355		$ 424,110
Stock-based compensation		35,100	$ 57,000	117,400	$ 131,200
Unrecognized share-based compensation expense		$ 132,800		$ 132,800
Granted	300,000

EQUITY (Schedule of Activity fo

EQUITY (Schedule of Activity for Stock Options) (Details) - USD ($)	1 Months Ended	6 Months Ended
	Mar. 31, 2015	Jun. 30, 2016
Shares under option
Granted	300,000
Stock Option [Member]
Shares under option
Outstanding, beginning balance		2,867,876
Granted
Exercised
Forfeited/cancelled		(729,707)
Outstanding, ending balance		2,138,169
Exercisable		1,497,243
Weighted average exercise price
Outstanding, beginning balance		$ 0.30
Granted
Exercised
Forfeited/cancelled		0.07
Outstanding, ending balance		0.38
Exercisable		$ 0.42
Aggregate intrinsic value
Outstanding, beginning balance
Outstanding, ending balance
Weighted average remaining contractual life, outstanding		3 years 11 days
Weighted average remaining contractual life, exercisable		3 years 1 month 6 days

EQUITY (Schedule of Nonvested S

EQUITY (Schedule of Nonvested Share Activity for Stock Options) (Details) - $ / shares	1 Months Ended	6 Months Ended
	Mar. 31, 2015	Jun. 30, 2016
Non-vested Stock Option Activity
Granted	300,000
Stock Option [Member]
Non-vested Stock Option Activity
Outstanding, beginning balance		1,365,926
Granted
Vested		(725,000)
Forfeited/cancelled
Outstanding, ending balance		640,926
Weighted average exercise price
Outstanding, beginning balance		$ 0.18
Granted
Vested		0.48
Forfeited/cancelled
Outstanding, ending balance		$ 0.10

EQUITY (Schedule of Activity 26

EQUITY (Schedule of Activity for Warrants) (Details) - USD ($)	1 Months Ended	6 Months Ended	12 Months Ended
	Mar. 31, 2015	Jun. 30, 2016	Dec. 31, 2015
Shares Underlying Warrants
Granted	300,000
Warrants [Member]
Shares Underlying Warrants
Outstanding, beginning balance		27,717,614
Granted		2,178,554
Exercised		(5,000,000)
Forfeited/cancelled		(250,000)
Outstanding, ending balance		24,646,168	27,717,614
Exercisable		24,505,168
Weighted average exercise price
Outstanding, beginning balance		$ 0.25
Granted		0.40
Exercised
Forfeited/cancelled
Outstanding, ending balance		0.29	$ 0.25
Exercisable		$ 0.29
Aggregate intrinsic value
Outstanding, beginning balance
Outstanding, ending balance
Weighted average remaining contractual life, outstanding		2 years 1 month 6 days	2 years 11 months 16 days
Weighted average remaining contractual life, exercisable		2 years 1 month 6 days

EQUITY (Schedule of Nonvested27

EQUITY (Schedule of Nonvested Share Activity for Warrants) (Details) - $ / shares	1 Months Ended	6 Months Ended
	Mar. 31, 2015	Jun. 30, 2016
Non-vested Shares Underlying Warrants
Granted	300,000
Warrants [Member]
Non-vested Shares Underlying Warrants
Outstanding, beginning balance		173,000
Granted		2,178,554
Vested		(2,160,554)
Forfeited/cancelled		(50,000)
Outstanding, ending balance		141,000
Weighted Average Exercise Price
Outstanding, beginning balance		$ 0.18
Granted		0.40
Vested		0.40
Forfeited/cancelled		0.50
Outstanding, ending balance		0.29
Weighted Average Grant Date Fair Value
Outstanding, beginning balance		0.24
Granted
Vested		0
Forfeited/cancelled		0.50
Outstanding, ending balance		$ 0.35

SUBSEQUENT EVENTS (Details)

SUBSEQUENT EVENTS (Details) - $ / shares	1 Months Ended
	Aug. 19, 2016	Aug. 03, 2016	Mar. 31, 2015
Subsequent Event [Line Items]
Number of options granted			300,000
Subsequent Event [Member]
Subsequent Event [Line Items]
Options to purchase, number of shares		100,000
Exercise price		$ 0.05
Number vested	91,214
Number of options granted		5,000,000
Granted, weighted average exercise price		$ 0.05
Subsequent Event [Member] | Share-based Compensation Award, Tranche One [Member]
Subsequent Event [Line Items]
Number of options granted		1,000,000
Subsequent Event [Member] | Share-based Compensation Award, Tranche Two [Member]
Subsequent Event [Line Items]
Number of options granted		1,000,000
Subsequent Event [Member] | Share-based Compensation Award, Tranche Three [Member]
Subsequent Event [Line Items]
Number of options granted		1,000,000
Subsequent Event [Member] | Share-based Compensation Award, Tranche Four [Member]
Subsequent Event [Line Items]
Number of options granted		1,000,000
Subsequent Event [Member] | Share-based Compensation Award, Tranche Five [Member]
Subsequent Event [Line Items]
Number of options granted		1,000,000