Annual report pursuant to Section 13 and 15(d)

Significant Accounting Policies (Tables)

Significant Accounting Policies (Tables)
12 Months Ended
Dec. 31, 2020
Accounting Policies [Abstract]  
Schedule of Fair Value of Financial Instruments

The table below reflects the level of the inputs used in the Company’s fair value calculations:



Quoted Prices in Active Markets

(Level 1)

    Significant Observable Inputs (Level 2)     Significant Unobservable Inputs (Level 3)     Total Fair Value  
December 31, 2020                                
Assets (Note 4)                                
Common stock of Sonnet   $ 413,268             $     $ 413,268  
Liabilities (Note 11)                                
True-up provision of Convertible Preferred Series 2   $     $     $ 184,800     $ 184,800  
Schedule of Property and Equipment Useful Lives

The estimated useful lives used to compute depreciation and amortization are as follows:


Leasehold improvements 5-15 years
Restaurant furnishings and equipment 3-10 years
Furniture and fixtures 3-10 years
Office and computer equipment 3-7 years