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Balance Sheets (USD $)
Jun. 30, 2011
Dec. 31, 2010
CURRENT ASSETS    
Cash and cash equivalents $ 1,798,767 $ 1,518,864
Accounts receivable, net 1,089,833 1,264,966
Inventories (Note 4) 10,248,913 10,712,018
Prepaid expenses and other current assets 186,439 82,241
Current portion of note receivable 107,512 62,415
Income tax receivable 0 115,063
Total current assets 13,431,464 13,755,567
Vineyard development costs, net 1,681,380 1,662,292
Property and equipment, net (Note 5) 6,477,172 6,243,990
Debt issuance costs 50,962 32,438
Note receivable 0 71,457
Other assets 4,456 4,456
TOTAL ASSETS 21,645,434 21,770,200
CURRENT LIABILITIES    
Current portion of long-term debt 167,543 452,226
Accounts payable 873,322 748,813
Accrued expenses 445,061 595,197
Deferred income taxes 232,000 232,000
Grapes payable 0 273,211
Total current liabilities 1,717,926 2,301,447
Long-term debt, net of current portion 3,104,636 2,827,086
Deferred rent liability 211,525 215,003
Deferred gain 265,693 281,741
Deferred income taxes 578,000 578,000
Total liabilities 5,877,780 6,203,277
SHAREHOLDER'S EQUITY    
Common stock, no par value, 10,000,000 shares authorized, shares authorized, 4,892,977 and 4,888,977 issued and outstanding at June 30, 2011 and December 31, 2010 8,623,744 8,623,744
Retained earnings 7,143,910 6,943,179
Total shareholder's equity 15,767,654 15,566,923
TOTAL LIABILITIES AND SHAREHOLDER'S EQUITY $ 21,645,434 $ 21,770,200