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ACCOUNTS RECEIVABLE
 12 Months Ended
Dec. 31, 2011
Notes to Financial Statements  
ACCOUNTS RECEIVABLE

 

NOTE 2 – ACCOUNTS RECEIVABLE

 

Oregon law prohibits the sale of wine in Oregon on credit; therefore, the Company’s accounts receivable balances are primarily the result of sales to out-of-state and foreign distributors. The Company’s accounts receivable balance is net of an allowance for doubtful accounts of $20,285 at December 31, 2011. This compares to an allowance for doubtful accounts of $11,391 at December 31, 2010.

 

Changes in the allowance for doubtful accounts are as follows:

 

   Balance at  Charged to         
   Beginning  Costs and  Charged to  Write-offs Net  Balance at End
   of Period  Expenses  Other Accounts  of Recoveries  of Period
                          
Fiscal year ended December 31, 2011:                         
Allowance for doubtful                         
accounts  $11,391   $8,894   $—     $—     $20,285 
                          
Fiscal year ended December 31, 2010:                         
Allowance for doubtful                         
accounts  $36,216   $(5,390)  $(19,435)  $—     $11,391