SCHEDULE OF PROPERTY PLANT AND EQUIPMENT |
The
gross carrying amount and accumulated depreciation of the Company’s property and equipment as of March 31, 2023, and December 31,
2022, are as follows:
SCHEDULE
OF PROPERTY PLANT AND EQUIPMENT
| |
March 31, 2023 | | |
December 31, 2022 | |
| |
| | |
| |
Land | |
$ | 1,778,250 | | |
$ | 1,778,250 | |
Land Improvements | |
| 329,055 | | |
| 329,055 | |
Buildings and Improvements | |
| 44,659,921 | | |
| 44,659,921 | |
Furniture, Fixtures and Equipment | |
| 2,501,653 | | |
| 2,459,138 | |
Property and Equipment, gross | |
| 49,268,879 | | |
| 49,226,364 | |
| |
| | | |
| | |
Less: Accumulated Depreciation | |
| (12,650,981 | ) | |
| (12,212,251 | ) |
Less: Impairment | |
| (1,560,000 | ) | |
| (1,560,000 | ) |
| |
| | | |
| | |
Property and Equipment, net | |
$ | 35,057,898 | | |
$ | 35,454,113 | |
| |
2023 | | |
2022 | |
| |
For the Three Months Ended March 31, | |
| |
2023 | | |
2022 | |
| |
| | | |
| | |
Depreciation Expense (excluding Intangible Assets) | |
$ | 438,730 | | |
$ | 447,687 | |
|