DEFERRED REVENUE

3 Months Ended

Mar. 31, 2024

Revenue from Contract with Customer [Abstract]

DEFERRED REVENUE

7. DEFERRED REVENUE

Deferred revenue is comprised of the following:

	March 31,		December 31,
	2024		2023
Real estate lot sales deposits	$	1,336,958	$	1,436,758
Hotel deposits		55,952		32,657
Other		17,481		2,398
Total		1,410,391		1,471,813
Real estate lot sales deposits from related party		250,000		250,000
	$	1,660,391	$	1,721,813

The Company accepts deposits in conjunction with agreements to sell real estate building lots at Algodon Wine Estates in the Mendoza wine region of Argentina. These lot sale deposits are generally denominated in U.S. dollars. Revenue is recorded when the sale closes, and the deeds are issued. No lot sale deposits were recorded during the three months ended March 31, 2024. The Company recorded revenue upon the closing of the sale of real estate lots in the amount of $104,143 and $0 during the three months ended March 31, 2024 and 2023, respectively.