XML 20 R9.htm IDEA: XBRL DOCUMENT v3.25.2
PROPERTY AND EQUIPMENT, NET
 6 Months Ended
Jun. 30, 2025
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, 2025   December 31, 2024 
Construction in progress  $633,179   $633,179 
Land, improvements, and other buildings   15,342,674    15,342,674 
Winery, tasting room buildings, and hospitality center   44,187,393    44,146,543 
Equipment   20,957,492    20,835,506 
Property and equipment, gross   81,120,738    80,957,902 
           
Accumulated depreciation   (30,477,616)   (28,945,751)
           
Property and equipment, net  $50,643,122   $52,012,151 

 

Depreciation expense for the three months ended June 30, 2025 and 2024 was $761,496 and $790,970, respectively. Depreciation expense for the six months ended June 30, 2025 and 2024 was $1,531,865 and $1,582,956, respectively.