PROPERTY AND EQUIPMENT, NET

12 Months Ended

Dec. 31, 2021

Property, Plant and Equipment [Abstract]

PROPERTY AND EQUIPMENT, NET

3. PROPERTY AND EQUIPMENT, NET

The gross carrying amount and accumulated depreciation of the Company’s property and equipment as of December 31, 2021 and 2020 are as follows:

	December 31, 2021			December 31, 2020
Land	$	1,778,250		$	1,778,250
Land Improvements		329,055			242,000
Buildings and Improvements		44,574,401			40,612,330
Furniture, Fixtures and Equipment		2,322,297			2,123,418
Construction in Progress		-			3,728,431
		49,004,003			48,484,429
Less Accumulated Depreciation		(10,419,411	)		(8,686,062	)
Less Impairment		(1,560,000	)		(1,560,000	)
	$	37,024,592		$	38,238,367

	For the Twelve Months Ended December 31,
	2021		2020
Depreciation Expense (excluding Intangible Assets)	$	1,733,349	$	1,546,029
Cash Paid for Capital Expenditures	$	519,575	$	985,681