WILLAMETTE VALLEY VINEYARDS INC
For the period ended Dec 31, 2024. Filed Mar 25, 2025.
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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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Statements of Cash Flows
| Year ended December 31, | ||
|---|---|---|
| 2024 | 2023 | |
| CASH FLOWS FROM OPERATING ACTIVITIES | ||
| Net loss | $(117,894) | $(1,198,593) |
| Adjustments to reconcile net loss to net cash from operating activities: | ||
| Depreciation and amortization | 3,323,613 | 3,426,977 |
| Non-cash lease expense | 563,439 | 1,142,833 |
| Loan fee amortization | 13,247 | 13,248 |
| Deferred income taxes | (374,970) | (528,859) |
| Change in operating assets and liabilities: | ||
| Accounts receivable | (156,981) | 1,232,119 |
| Inventories | (4,592,710) | (6,113,280) |
| Prepaid expenses and other current assets | 3,246 | (68,769) |
| Income tax receivable | 102,692 | 435,265 |
| Unearned revenue | (851,072) | (704,673) |
| Lease liabilities | (455,191) | (1,097,192) |
| Grapes payable | (927,146) | 1,237,560 |
| Accounts payable | (383,498) | 180,640 |
| Accrued expenses | 615,482 | 53,874 |
| Net cash from operating activities | (3,237,743) | (1,988,850) |
| CASH FLOWS FROM INVESTING ACTIVITIES | ||
| Additions to vineyard development costs | (237,437) | (419,023) |
| Additions to property and equipment | (1,852,268) | (4,307,947) |
| Net cash from investing activities | (2,089,705) | (4,726,970) |
| CASH FLOWS FROM FINANCING ACTIVITIES | ||
| Proceeds from investor deposits held as liability | - | 718,857 |
| Payment on installment note for property purchase | (104,767) | (100,303) |
| Proceeds from bank overdraft | 79,600 | 393,416 |
| Proceeds from (payments on) line of credit | (279,167) | 2,518,365 |
| Payment of loan fees | (86,166) | - |
| Payment on long-term debt | (3,547,749) | (496,944) |
| Proceeds from long-term debt | 10,000,000 | 1,024,949 |
| Proceeds from issuance of preferred stock | 250,503 | 3,371,450 |
| Payment of preferred stock dividend | (902,405) | (814,164) |
| Net cash from financing activities | 5,409,849 | 6,615,626 |
| NET CHANGE IN CASH AND CASH EQUIVALENTS | 82,401 | (100,194) |
| CASH AND CASH EQUIVALENTS, beginning of year | 238,482 | 338,676 |
| CASH AND CASH EQUIVALENTS, end of year | $320,883 | $238,482 |
| NON-CASH INVESTING AND FINANCING ACTIVITIES | ||
| Purchases of property and equipment and vineyard development costs included in accounts payable | $10,467 | $68,855 |
| Reduction in investor deposits for preferred stock | $718,857 | $147,511 |
| Gift cards given in lieu of cash dividends | $1,350,536 | $1,232,933 |
| Right of use assets obtained in exchange for operating lease liabilities | $438,572 | $3,674,710 |
| Supplemental disclosure of cash flow information: | ||
| Cash paid during the year for: | ||
| Interest paid | $1,018,970 | $595,109 |
| Income tax paid (received) | $45,992 | $(394,268) |
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