PROPERTY AND EQUIPMENT, NET

6 Months Ended

Jun. 30, 2024

Property, Plant and Equipment [Abstract]

PROPERTY AND EQUIPMENT, NET

3. PROPERTY AND EQUIPMENT, NET

The gross carrying amount and accumulated depreciation of the Company’s property and equipment as of June 30, 2024, and December 31, 2023, are as follows:

	June 30, 2024			December 31, 2023
Land	$	1,598,250		$	1,778,250
Land Improvements		496,597			329,055
Buildings and Improvements		38,448,167			44,665,656
Furniture, Fixtures and Equipment		2,434,835			2,483,207
		42,977,849			49,256,168
Less: Accumulated Depreciation		(12,562,205	)		(13,878,450	)
Less: Impairment		(1,560,000	)		(1,560,000	)
Property and Equipment, net	$	28,855,644		$	33,817,718

	For the Six Months Ended June 30,
	2024		2023
Depreciation Expense (excluding Intangible Assets)	$	833,129	$	877,578