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PROPERTY AND EQUIPMENT
12 Months Ended
Dec. 31, 2023
Property, Plant and Equipment [Abstract]  
PROPERTY AND EQUIPMENT

NOTE 4 – PROPERTY AND EQUIPMENT

 

Property and equipment consists of the following at December 31, 2023 and 2022:

 

   December 31,   December 31, 
   2023   2022 
Construction in progress  $639,840   $2,037,128 
Land, improvements and other buildings   14,491,827    14,491,827 
Winery buildings and tasting rooms   43,991,586    40,806,365 
Equipment   20,103,535    18,805,695 
           
Property and equipment, gross   79,226,788    76,141,015 
           
Accumulated depreciation   (25,857,151)   (22,593,770)
           
Property and equipment, net  $53,369,637   $53,547,245 

 

Depreciation expense was $3,263,381 and $2,030,921 during the years ended December 31, 2023, and 2022, respectively.