WILLAMETTE VALLEY VINEYARDS INC

For the period ended Jun 30, 2024. Filed Aug 13, 2024.

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Jun 30, 2024 · Filed Aug 13, 2024

WVVI$1.72+1.2%Stored close · as of Nov 9, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

See the whole filing, with its images and exhibits

Contents

Condensed Statements of Operations

(Unaudited)

Three months ended · Six months ended
	June 30,		June 30,
	2024	2023	2024	2023
SALES, NET	$10,332,358	$10,726,243	$19,135,438	$19,035,183
COST OF SALES	3,860,668	4,475,665	7,391,026	8,306,142
GROSS PROFIT	6,471,690	6,250,578	11,744,412	10,729,041
OPERATING EXPENSES
Sales and marketing	4,338,171	4,350,043	8,365,953	8,333,623
General and administrative	1,596,613	1,591,696	3,444,130	3,061,529
Total operating expenses	5,934,784	5,941,739	11,810,083	11,395,152
INCOME (LOSS) FROM OPERATIONS	536,906	308,839	(65,671)	(666,111)
OTHER INCOME (EXPENSE)
Interest expense, net	(263,694)	(164,610)	(493,381)	(289,032)
Other income, net	2,541	5,135	100,593	78,721
INCOME (LOSS) BEFORE INCOME TAXES	275,753	149,364	(458,459)	(876,422)
INCOME TAX (EXPENSE) BENEFIT	(79,775)	(40,911)	132,632	240,052
NET INCOME (LOSS)	195,978	108,453	(325,827)	(636,370)
Accrued preferred stock dividends	(563,249)	(511,720)	(1,126,426)	(1,023,439)
LOSS APPLICABLE TO COMMON SHAREHOLDERS	$(367,271)	$(403,267)	$(1,452,253)	$(1,659,809)
Loss per common share after preferred dividends, basic and diluted	$(0.07)	$(0.08)	$(0.29)	$(0.33)
Weighted-average number of common shares outstanding, basic and diluted	4,964,529	4,964,529	4,964,529	4,964,529

WILLAMETTE VALLEY VINEYARDS, INC.

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.