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PROPERTY AND EQUIPMENT, NET
6 Months Ended
Jun. 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:

 

 

   June 30, 2022   December 31, 2021 
         
Construction in progress  $21,234,020   $14,556,806 
Land, improvements, and other buildings   12,721,168    12,850,316 
Winery, tasting room buildings, and hospitality center   20,384,159    17,791,684 
Equipment   16,657,748    15,960,179 
           
Property and equipment, gross   70,997,095    61,158,985 
           
Accumulated depreciation   (21,413,093)   (20,562,850)
           
Property and equipment, net  $49,584,002   $40,596,135 

 

Depreciation expense for the six months ended June 30, 2022 and 2021 was $816,806 and $818,116, respectively. Depreciation expense for the three months ended June 30, 2022 and 2021 was $432,826 and $406,759, respectively.