PROPERTY AND EQUIPMENT, NET

9 Months Ended

Sep. 30, 2021

Property, Plant and Equipment [Abstract]

PROPERTY AND EQUIPMENT, NET

3) PROPERTY AND EQUIPMENT, NET

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

	September 30, 2021			December 31, 2020
Construction in progress	$	12,712,064		$	6,553,803
Land, improvements, and other buildings		11,946,928			11,787,334
Winery, tasting room buildings, and hospitality center		17,787,766			17,694,466
Equipment		14,881,387			14,392,923
		57,328,145			50,428,526
Accumulated depreciation		(20,131,118	)		(18,941,670	)
Property and equipment, net	$	37,197,027		$	31,486,856

Depreciation expense for the nine months ended September 30, 2021 and 2020 was $1,230,459 and $1,176,207, respectively. Depreciation expense for the 3 months ended September 30, 2021 and 2020 was $446,033 and $394,859, respectively.