WILLAMETTE VALLEY VINEYARDS INC

For the period ended Dec 31, 2024. Filed Mar 25, 2025.

About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2024 · Filed Mar 25, 2025

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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Contents

Balance Sheets

	December 31,	December 31,
	2024	2023
ASSETS
CURRENT ASSETS
Cash and cash equivalents	$320,883	$238,482
Accounts receivable, net	3,151,810	2,994,829
Inventories	32,907,489	28,314,779
Prepaid expenses and other current assets	519,608	522,854
Income tax receivable	19,267	121,959
Total current assets	36,919,057	32,192,903
Other assets	13,824	13,824
Vineyard development costs, net	8,769,542	8,704,352
Property and equipment, net	52,012,151	53,369,637
Operating lease right of use assets	11,302,566	11,427,433
TOTAL ASSETS	$109,017,140	$105,708,149
LIABILITIES AND SHAREHOLDERS’ EQUITY
CURRENT LIABILITIES
Accounts payable	$1,584,466	$2,026,352
Accrued expenses	2,097,736	1,482,254
Investor deposits for preferred stock	-	718,857
Bank overdraft	473,016	393,416
Line of credit	2,405,815	2,684,982
Note payable	995,968	1,100,735
Current portion of long-term debt	952,171	522,798
Current portion of lease liabilities	481,801	450,452
Unearned revenue	2,470,125	1,970,661
Grapes payable	1,519,087	2,446,233
Total current liabilities	12,980,185	13,796,740
Long-term debt, net of current portion and debt issuance costs	12,911,831	6,961,872
Lease liabilities, net of current portion	11,354,746	11,402,714
Deferred income taxes	2,536,648	2,911,618
Total liabilities	39,783,410	35,072,944
COMMITMENTS AND CONTINGENCIES (Note 12)
SHAREHOLDERS’ EQUITY
Redeemable preferred stock, no par value, 100,000,000 shares authorized, 10,239,573 shares issued and outstanding, liquidation preference $42,494,228 at December 31, 2024 and 10,046,833 shares issued and outstanding, liquidation preference $41,694,357 at December 31, 2023	43,357,396	42,388,036
Common stock, no par value, 10,000,000 shares authorized, 4,964,529 shares issued and outstanding at December 31, 2024 and December 31, 2023	8,512,489	8,512,489
Retained earnings	17,363,845	19,734,680
Total shareholders’ equity	69,233,730	70,635,205
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY	$109,017,140	$105,708,149

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.