Quarterly report pursuant to Section 13 or 15(d)

PROPERTY AND EQUIPMENT

v3.22.1
PROPERTY AND EQUIPMENT
 3 Months Ended
Mar. 31, 2022
Property, Plant and Equipment [Abstract]  
PROPERTY AND EQUIPMENT

5. PROPERTY AND EQUIPMENT

 

Property and equipment consist of the following:

 

    March 31,
2022		     December 31,
2021		  
             
Buildings and improvements   $ 3,791,687     $ 2,869,300  
Real estate development     236,563       210,322  
Land     2,193,404       575,233  
Furniture and fixtures     403,560       403,560  
Vineyards     219,766       219,766  
Machinery and equipment     731,538       693,761  
Leasehold improvements     756,028       449,401  
Computer hardware and software     264,851       245,978  
Property and equipment, gross     8,597,397       5,667,321  
Less: Accumulated depreciation and amortization     (1,935,588 )     (1,890,380 )
Property and equipment, net   $ 6,661,809     $ 3,776,941  

 

Depreciation and amortization of property and equipment was $45,636 and $36,930 during the three months ended March 31, 2022 and 2021, respectively.