v3.25.1
PROPERTY AND EQUIPMENT, NET
 3 Months Ended
Mar. 31, 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:

 

   March 31, 2025   December 31, 2024 
Construction in progress  $652,726   $633,179 
Land, improvements, and other buildings   15,342,674    15,342,674 
Winery buildings and tasting rooms   44,187,393    44,146,543 
Equipment   20,875,346    20,835,506 
           
Property and equipment, gross   81,058,139    80,957,902 
           
Accumulated depreciation   (29,716,121)   (28,945,751)
           
Property and equipment, net  $51,342,018   $52,012,151 

 

Depreciation expense for the three months ended March 31, 2025 and 2024 was $770,370 and $791,986, respectively.