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
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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Condensed Balance Sheets
(Unaudited)
| September 30, | December 31, | |
|---|---|---|
| 2024 | 2023 | |
| ASSETS | ||
| CURRENT ASSETS | ||
| Cash and cash equivalents | $303,195 | $238,482 |
| Accounts receivable, net | 2,562,875 | 2,994,829 |
| Inventories | 31,361,008 | 28,314,779 |
| Prepaid expenses and other current assets | 231,368 | 522,854 |
| Income tax receivable | 400,760 | 121,959 |
| Total current assets | 34,859,206 | 32,192,903 |
| Other assets | 13,824 | 13,824 |
| Vineyard development costs, net | 8,747,248 | 8,704,352 |
| Property and equipment, net | 52,628,428 | 53,369,637 |
| Operating lease right of use assets | 11,009,960 | 11,427,433 |
| TOTAL ASSETS | $107,258,666 | $105,708,149 |
| LIABILITIES AND SHAREHOLDERS’ EQUITY | ||
| CURRENT LIABILITIES | ||
| Accounts payable | $1,961,007 | $2,026,352 |
| Accrued expenses | 2,292,453 | 1,482,254 |
| Investor deposits for preferred stock | - | 718,857 |
| Bank overdraft | 214,796 | 393,416 |
| Line of credit | 3,460,004 | 2,684,982 |
| Note payable | 1,022,778 | 1,100,735 |
| Current portion of long-term debt | 543,048 | 522,798 |
| Current portion of lease liabilities | 471,642 | 450,452 |
| Unearned revenue | 1,716,433 | 1,970,661 |
| Grapes payable | 560,007 | 2,446,233 |
| Total current liabilities | 12,242,168 | 13,796,740 |
| Long-term debt, net of current portion and debt issuance costs | 10,062,303 | 6,961,872 |
| Lease liabilities, net of current portion | 11,046,785 | 11,402,714 |
| Deferred income taxes | 2,911,618 | 2,911,618 |
| Total liabilities | 36,262,874 | 35,072,944 |
| COMMITMENTS AND CONTINGENCIES (NOTE 9) | ||
| SHAREHOLDERS’ EQUITY | ||
| Redeemable preferred stock, no par value, 100,000,000 shares authorized, 10,239,573 shares issued and outstanding, liquidation preference $44,183,904, at September 30, 2024 and 10,046,833 shares issued and outstanding, liquidation preference $41,694,357, at December 31, 2023. | 45,047,071 | 42,388,036 |
| Common stock, no par value, 10,000,000 shares authorized, 4,964,529 shares issued and outstanding at September 30, 2024 and December 31, 2023, respectively. | 8,512,489 | 8,512,489 |
| Retained earnings | 17,436,232 | 19,734,680 |
| Total shareholders’ equity | 70,995,792 | 70,635,205 |
| LIABILITIES AND SHAREHOLDERS’ EQUITY | $107,258,666 | $105,708,149 |
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.