PROPERTY AND EQUIPMENT, NET

6 Months Ended

Jun. 30, 2023

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:

	June 30, 2023			December 31, 2022
Construction in progress	$	1,481,907		$	2,037,128
Land, improvements, and other buildings		14,491,826			14,491,827
Winery, tasting room buildings, and hospitality center		42,128,871			40,806,365
Equipment		19,010,581			18,805,695
		77,113,185			76,141,015
Accumulated depreciation		(24,053,382	)		(22,593,770	)
Property and equipment, net	$	53,059,803		$	53,547,245

Depreciation expense for the three months ended June 30, 2023 and 2022 was $744,048 and $432,826, respectively. Depreciation expense for the six months ended June 30, 2023 and 2022 was $1,459,612 and $816,806, respectively.