Property and Equipment

3 Months Ended

Mar. 31, 2019

Property, Plant and Equipment [Abstract]

Property and Equipment

3. PROPERTY AND EQUIPMENT

The gross carrying amount and accumulated depreciation of the Company’s property and equipment as of March 31, 2019 and December 31, 2018 are as follows:

	March 31, 2019			December 31, 2018
Land	$	1,597,500		$	1,597,500
Land Improvements		200,000			200,000
Buildings and Improvements		36,126,867			36,076,632
Furniture, Fixtures and Equipment		1,475,923			1,469,976
Construction in Progress		4,822,259			3,916,187
		44,222,549			43,260,295
Less Accumulated Depreciation		(6,138,075	)		(5,815,150	)
Less Impairment		(1,560,000	)		(1,560,000	)
	$	36,524,474		$	35,885,145

	For the Three Months Ended March 31,
	2019		2018
Depreciation Expense	$	322,925	$	305,410
Cash Paid for Capital Expenditures	$	962,254	$	143,445