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 gross carrying amount and accumulated depreciation of the Company’s property and equipment as of September 30, 2022, and December 31, 2021, are as follows:

	September 30, 2022			December 31, 2021
Land	$	1,778,250		$	1,778,250
Land Improvements		329,055			329,055
Buildings and Improvements		43,230,535			44,574,401
Furniture, Fixtures and Equipment		2,436,932			2,322,297
Property and Equipment, gross		47,774,772			49,004,003
Less Accumulated Depreciation		(11,768,056	)		(10,419,411	)
Property and Equipment, net	$	36,006,716		$	37,024,592

	For the Nine Months Ended September 30,
	2022		2021
Depreciation Expense (excluding Intangible Assets)	$	1,348,645	$	1,286,279