WILLAMETTE VALLEY VINEYARDS INC
For the period ended Sep 30, 2024. Filed Nov 12, 2024.
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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.
Sep 30, 2024 · Filed Nov 12, 2024
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 10-Q
x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
EXCHANGE ACT OF 1934
For the quarterly period ended September 30, 2024
o TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE EXCHANGE ACT
Commission File Number 001-37610
WILLAMETTE VALLEY VINEYARDS, INC.
(Exact name of registrant as specified in charter)
| Oregon | 93-0981021 |
|---|---|
| (State or other jurisdiction of incorporation or organization) | (I.R.S. Employer Identification No.) |
| 8800 Enchanted Way, S.E., Turner, Oregon | 97392 |
|---|---|
| (Address of principal executive offices) | (Zip Code) |
Registrant’s telephone number, including area code: (503) 588-9463
Not Applicable (Former name or former address and fiscal year, if changed since last report)
Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Exchange Act during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days:
x Yes o NO
Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files):
x Yes o NO
Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See the definitions of “large accelerated filer,” “accelerated filer,” and “smaller reporting company” in Rule 12b-2 of the Exchange Act:
| o Large accelerated filer | o Accelerated filer |
| x Non-accelerated Filer | x Smaller reporting company |
| o Emerging growth company |
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. o
Indicate by checkmark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act): o YESx No
Securities registered pursuant to Section 12(b) of the Act:
| Title of each class | Trading Symbol(s) | Name of each exchange on which registered |
|---|---|---|
| Common Stock | WVVI | NASDAQ Capital Market |
| Series A Redeemable Preferred Stock | WVVIP | NASDAQ Capital Market |
Number of shares of common stock outstanding as of November 11, 2024:4,964,529
WILLAMETTE VALLEY VINEYARDS, INC.
INDEX TO FORM 10-Q
| Part I - Financial Information | 3 |
|---|---|
| Item 1 - Financial Statements (unaudited) | 3 |
| Condensed Balance Sheets | 3 |
| Condensed Statements of Operations | 4 |
| Condensed Statements of Shareholders’ Equity | 5 |
| Condensed Statements of Cash Flows | 6 |
| Notes to Unaudited Interim Financial Statements | 7 |
| Item 2 - Management’s Discussion and Analysis of Financial Condition and Results of Operations | 14 |
| Item 3 - Quantitative and Qualitative Disclosures about Market Risk | 18 |
| Item 4 - Controls and Procedures | 18 |
| Part II - Other Information | 18 |
| Item 1 - Legal Proceedings | 18 |
| Item 1A - Risk Factors | 19 |
| Item 2 - Unregistered Sales of Equity Securities and Use of Proceeds | 19 |
| Item 3 - Defaults Upon Senior Securities | 19 |
| Item 4 - Mine Safety Disclosures | 19 |
| Item 5 - Other Information | 19 |
| Item 6 - Exhibits | 20 |
| Signatures | 21 |
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