PROPERTY AND EQUIPMENT

6 Months Ended

Jun. 30, 2022

Property, Plant and Equipment [Abstract]

PROPERTY AND EQUIPMENT

5. PROPERTY AND EQUIPMENT

Property and equipment consist of the following:

	June 30, 2022			December 31, 2021
Buildings and improvements	$	3,808,633		$	2,869,300
Real estate development		536,778			210,322
Land		2,187,243			575,233
Furniture and fixtures		403,560			403,560
Vineyards		219,766			219,766
Machinery and equipment		731,538			693,761
Leasehold improvements		1,335,114			449,401
Computer hardware and software		284,620			245,978
		9,507,252			5,667,321
Less: Accumulated depreciation and amortization		(1,982,941	)		(1,890,380	)
Property and equipment, net	$	7,524,311		$	3,776,941

Depreciation and amortization of property and equipment was approximately $46,000 and $92,000 during the three and six months ended June 30, 2022, respectively, and was approximately $31,000 and $68,000 during the three and six months ended June 30, 2021, respectively.

GAUCHO GROUP HOLDINGS, INC. AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

(unaudited)