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3. PROPERTY AND EQUIPMENT

6 Months Ended

Jun. 30, 2013

Property, Plant and Equipment [Abstract]

The Company’s property and equipment consists of the following, as of the dates shown:

	June 30, 2013			December 31, 2012
	(unaudited)			(audited)

Construction in progress	$	2,722,909		$	1,227,028
Land and improvements		2,892,108			2,892,108
Winery building and hospitality center		6,797,120			6,795,799
Equipment		6,583,902			6,299,500

	$	18,996,039		$	17,214,435

Accumulated depreciation		(9,208,122	)		(8,908,799	)

	$	9,787,917		$	8,305,636

- Definition

The entire disclosure for long-lived, physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, accounting policies and methodology, roll forwards, depreciation, depletion and amortization expense, including composite depreciation, accumulated depreciation, depletion and amortization expense, useful lives and method used, income statement disclosures, assets held for sale and public utility disclosures.

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