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3. PROPERTY AND EQUIPMENT
 6 Months Ended
Jun. 30, 2016
Property, Plant and Equipment [Abstract]  
NOTE 3. PROPERTY AND EQUIPMENT

The Company’s property and equipment consists of the following, as of the dates shown:

 

    June 30, 2016     December 31, 2015  
             
Construction in progress   $ 677,382     $ 482,284  
Land, improvements and other buildings     6,434,633       5,089,472  
Winery building and hospitality center     13,869,919       13,756,320  
Equipment     9,065,826       9,055,987  
                 
      30,047,760       28,384,063  
                 
Accumulated depreciation     (12,246,756 )     (11,654,901 )
                 
Property and equipment, net   $ 17,801,004     $ 16,729,162  

 

On June 22, 2016 the Company purchased approximately 53 acres of land, including 25 plantable acres, for future vineyard development. This purchase is part of the Company’s long term plan to increase the portion of grapes derived from its own vineyards in order to better control costs and quality as well as reduce grape supply risks.

 

On May 28, 2016 the Company purchased an option to buy approximately 17 acres of land, including 15 acres of planted Pinot Noir, in the Dundee Hills AVA.