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PROPERTY AND EQUIPMENT
 12 Months Ended
Dec. 31, 2022
Property, Plant and Equipment [Abstract]  
PROPERTY AND EQUIPMENT

NOTE 4 – PROPERTY AND EQUIPMENT

 

Property and equipment consists of the following at December 31, 2022 and 2021:

 

   December 31,   December 31, 
   2022     2021 
Construction in progress  $2,037,128   $14,556,807 
Land, improvements and other buildings   14,491,827    12,850,316 
Winery buildings and tasting rooms   40,806,365    17,791,684 
Equipment   18,805,695    15,960,178 
           
Property and equipment, gross   76,141,015    61,158,985 
           
Accumulated depreciation   (22,593,770)   (20,562,850)
           
Property and equipment, net  $53,547,245   $40,596,135 

 

Depreciation expense was $2,030,921 and $1,645,471 during the years ended December 31, 2022, and 2021, respectively.