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PROPERTY AND EQUIPMENT, NET
 6 Months Ended
Jun. 30, 2021
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, 2021   December 31, 2020 
         
Construction in progress  $9,769,228   $6,553,803 
Land, improvements, and other buildings   11,787,334    11,787,334 
Winery, tasting room buildings and hospitality center   17,787,766    17,694,466 
Equipment   14,362,668    14,392,923 
           
Property and equipment, gross   53,706,996    50,428,526 
           
Accumulated depreciation   (19,709,786)   (18,941,670)
           
Property and equipment, net  $33,997,210   $31,486,856 

 

Depreciation expense for the six months ended June 30, 2021 and 2020 was $818,116 and $795,428, respectively. Depreciation expense for the 3 months ended June 30, 2021 and 2020 was $406,759 and $402,118, respectively.