PROPERTY AND EQUIPMENT, NET

3 Months Ended

Mar. 31, 2022

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:

	March 31, 2022			December 31, 2021
Construction in progress	$	19,615,825		$	14,556,806
Land, improvements, and other buildings		12,715,834			12,850,316
Winery buildings and hospitality center		18,141,208			17,791,684
Equipment		16,192,077			15,960,179
	66,664,944			61,158,985
Accumulated depreciation		(20,941,484	)		(20,562,850	)
Property and equipment, net	$	45,723,460		$	40,596,135

Depreciation expense for the three months ended March 31, 2022 and 2021 was $378,634 and $411,357, respectively.