PROPERTY AND EQUIPMENT, NET

9 Months Ended

Sep. 30, 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:

	September 30, 2022			December 31, 2021
Construction in progress	$	5,358,257		$	14,556,806
Land, improvements, and other buildings		13,659,838			12,850,316
Winery, tasting room buildings, and hospitality center		36,660,732			17,791,684
Equipment		18,232,453			15,960,179
		73,911,280			61,158,985
Accumulated depreciation		(22,013,224	)		(20,562,850	)
Property and equipment, net	$	51,898,056		$	40,596,135

Depreciation expense for the nine months ended September 30, 2022 and 2021 was $1,384,200 and $1,230,459, respectively. Depreciation expense for the three months ended September 30, 2022 and 2021 was $567,394 and $446,033, respectively.