WILLAMETTE VALLEY VINEYARDS INC
For the period ended Dec 31, 2023. Filed Mar 26, 2024.
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FY2023 · Filed Mar 26, 2024
WVVI$1.72+1.2%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Balance Sheets
| December 31, | December 31, | |
|---|---|---|
| 2023 | 2022 | |
| ASSETS | ||
| CURRENT ASSETS | ||
| Cash and cash equivalents | $238,482 | $338,676 |
| Accounts receivable, net | 2,994,829 | 4,226,948 |
| Inventories | 28,314,779 | 22,201,499 |
| Prepaid expenses and other current assets | 522,854 | 454,085 |
| Income tax receivable | 121,959 | 557,224 |
| Total current assets | 32,192,903 | 27,778,432 |
| Other assets | 13,824 | 13,824 |
| Vineyard development costs, net | 8,704,352 | 8,448,925 |
| Property and equipment, net | 53,369,637 | 53,547,245 |
| Operating lease right of use assets | 11,427,433 | 8,895,556 |
| TOTAL ASSETS | $105,708,149 | $98,683,982 |
| LIABILITIES AND SHAREHOLDERS’ EQUITY | ||
| CURRENT LIABILITIES | ||
| Accounts payable | $2,026,352 | $3,067,886 |
| Accrued expenses | 1,482,254 | 1,428,380 |
| Investor deposits for preferred stock | 718,857 | 147,511 |
| Bank overdraft | 393,416 | - |
| Line of credit | 2,684,982 | 166,617 |
| Note payable | 1,100,735 | 1,201,038 |
| Current portion of long-term debt | 522,798 | 496,970 |
| Current portion of lease liabilities | 450,452 | 768,818 |
| Unearned revenue | 1,970,661 | 1,442,401 |
| Grapes payable | 2,446,233 | 1,208,673 |
| Total current liabilities | 13,796,740 | 9,928,294 |
| Long-term debt, net of current portion and debt issuance costs | 6,961,872 | 6,446,447 |
| Lease liabilities, net of current portion | 11,402,714 | 8,506,830 |
| Deferred income taxes | 2,911,618 | 3,440,477 |
| Total liabilities | 35,072,944 | 28,322,048 |
| COMMITMENTS AND CONTINGENCIES (Note 12) | ||
| SHAREHOLDERS’ EQUITY | ||
| Redeemable preferred stock, no par value, 100,000,000 shares authorized, 10,046,833 shares issued and outstanding, liquidation preference $41,694,357 at December 31, 2023 and 9,185,666 shares issued and outstanding, liquidation preference $38,120,514 at December 31, 2022 | 42,388,036 | 38,869,075 |
| Common stock, no par value, 10,000,000 shares authorized, 4,964,529 shares issued and outstanding at December 31, 2023 and December 31, 2022 | 8,512,489 | 8,512,489 |
| Retained earnings | 19,734,680 | 22,980,370 |
| Total shareholders’ equity | 70,635,205 | 70,361,934 |
| LIABILITIES AND SHAREHOLDERS’ EQUITY | $105,708,149 | $98,683,982 |
WILLAMETTE VALLEY VINEYARDS, INC.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.