v3.26.1
PROPERTY AND EQUIPMENT, NET
 6 Months Ended
Jun. 30, 2026
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, 2026  December 31, 2025
       
Construction in progress  $684,828   $645,675 
Land, improvements, and other buildings   15,342,674    15,342,674 
Winery, tasting room buildings, and hospitality center   44,123,730    44,123,730 
Equipment   21,224,324    21,185,084 
           
Property and equipment, gross   81,375,556    81,297,163 
           
Accumulated depreciation   (33,391,889)   (31,892,164)
           
Property and equipment, net  $47,983,667   $49,404,999 

 

Depreciation expense for the three months ended June 30, 2026 and 2025 was $749,899 and $761,496, respectively. Depreciation expense for the six months ended June 30, 2026 and 2025 was $1,499,725 and $1,531,865, respectively.