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$1.65-4.1%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Statements of Cash Flows
STATEMENTS OF CASH FLOWS
(Unaudited)
| Nine months ended September 30, | ||
|---|---|---|
| 2024 | 2023 | |
| CASH FLOWS FROM OPERATING ACTIVITIES | ||
| Net loss | $(608,772) | $(963,352) |
| Adjustments to reconcile net loss to net cash from operating activities: | ||
| Depreciation and amortization | 2,493,106 | 2,320,457 |
| Non-cash lease expense | 417,473 | 616,750 |
| Loan fee amortization | 9,935 | 9,935 |
| Change in operating assets and liabilities: | ||
| Accounts receivable | 431,954 | 1,672,961 |
| Inventories | (3,046,229) | (3,864,269) |
| Prepaid expenses and other current assets | 291,486 | 139,449 |
| Income taxes receivable | (278,801) | (343,940) |
| Unearned revenue | (254,228) | (156,657) |
| Lease liabilities | (334,739) | (581,906) |
| Grapes payable | (1,886,226) | 696,063 |
| Accounts payable | (204,986) | 13,989 |
| Accrued expenses | 810,199 | 372,431 |
| Net cash from operating activities | (2,159,828) | (68,089) |
| CASH FLOWS FROM INVESTING ACTIVITIES | ||
| Additions to vineyard development costs | (167,465) | (339,698) |
| Additions to property and equipment | (1,487,687) | (3,378,914) |
| Net cash from investing activities | (1,655,152) | (3,718,612) |
| CASH FLOWS FROM FINANCING ACTIVITIES | ||
| Payment on installment note for property purchase | (77,957) | (74,664) |
| Proceeds from (reduction of) bank overdraft | (178,620) | 909,392 |
| Proceeds from (payments on) line of credit | 775,022 | (166,617) |
| Payments on long-term debt | (389,254) | (370,219) |
| Proceeds from investor deposits held as liability | - | 1,935,821 |
| Proceeds from long-term debt | 3,500,000 | 1,025,001 |
| Proceeds from issuance of preferred stock | 250,502 | 402,743 |
| Net cash from financing activities | 3,879,693 | 3,661,457 |
| NET CHANGE IN CASH AND CASH EQUIVALENTS | 64,713 | (125,244) |
| CASH AND CASH EQUIVALENTS, beginning of period | 238,482 | 338,676 |
| CASH AND CASH EQUIVALENTS, end of period | $303,195 | $213,432 |
| NON-CASH INVESTING AND FINANCING ACTIVITIES | ||
| Purchases of property and equipment and vineyard development costs included in accounts payable | $208,496 | $190,444 |
| Reduction in investor deposits for preferred stock | $718,857 | $147,511 |
| Accrued preferred stock dividends | $1,689,676 | $1,535,158 |
| Right of use assets obtained in exchange for operating lease liabilities | $0 | $1,090,735 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.