Property and Equipment

12 Months Ended

Dec. 31, 2020

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 December 31, 2020 and 2019 are as follows:

	December 31, 2020			December 31, 2019
Land	$	1,778,250		$	1,597,500
Land Improvements		242,000			242,000
Buildings and Improvements		40,612,330			38,362,127
Furniture, Fixtures and Equipment		2,123,418			1,707,925
Construction in Progress		3,728,431			3,185,068
		48,484,429			45,094,620
Less Accumulated Depreciation		(8,686,062	)		(7,140,033	)
Less Impairment		(1,560,000	)		(1,560,000	)
	$	38,238,367		$	36,394,587
Depreciation Expense (excluding Intangible Assets)	$	1,546,029		$	1,324,883
Cash Paid for Capital Expenditures	$	985,681		$	1,668,867