Annual report pursuant to Section 13 and 15(d)

PROPERTY AND EQUIPMENT

v3.23.1
PROPERTY AND EQUIPMENT
 12 Months Ended
Dec. 31, 2022
Property, Plant and Equipment [Abstract]  
PROPERTY AND EQUIPMENT

6. PROPERTY AND EQUIPMENT

 

Property and equipment consist of the following:

 

SCHEDULE OF PROPERTY AND EQUIPMENT 

             
    December 31,  
    2022     2021  
             
Buildings and improvements   $ 3,926,884     $ 2,869,300  
Real estate development     541,116       210,322  
Land     2,194,671       575,233  
Furniture and fixtures     425,774       403,560  
Vineyards     219,766       219,766  
Machinery and equipment     737,433       693,761  
Leasehold improvements     1,400,663       449,401  
Computer hardware and software     312,459       245,978  
Property and equipment, gross     9,758,766       5,667,321  
Less: Accumulated depreciation and amortization     (2,137,509 )     (1,890,380 )
Property and equipment, net   $ 7,621,257     $ 3,776,941  

 

Depreciation and amortization of property and equipment was $247,129 and $145,653 for the years ended December 31, 2022 and 2021, respectively.