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BALANCE SHEETS (unaudited) (USD $)
Sep. 30, 2013
Dec. 31, 2012
CURRENT ASSETS    
Cash and cash equivalents $ 1,690,234 $ 4,553,113
Accounts receivable, net 1,107,787 1,088,550
Inventories (Note 2) 8,914,627 9,226,884
Prepaid expenses and other current assets 229,011 89,503
Current portion of note receivable 0 23,231
Current portion of distribution agreement receivable 500,000 250,000
Income tax receivable 0 8,734
Total current assets 12,441,659 15,240,015
Restricted cash (Note 1) 1,647,562 0
Vineyard development costs, net 2,215,469 1,567,976
Property and equipment, net (Note 3) 12,436,078 8,305,636
Debt issuance costs, net 59,832 47,369
Distribution agreement receivable, net of current portion 0 250,000
TOTAL ASSETS 28,800,600 25,410,996
CURRENT LIABILITIES    
Accounts payable 1,517,139 728,596
Accrued expenses 556,983 474,776
Current portion of long-term debt 280,173 209,327
Income taxes payable 157,482 17,659
Deferred income taxes 254,000 254,000
Current portion of liabilities from discontinued operations, net 0 4,337
Current portion of deferred revenue-distribution agreement 142,857 142,857
Grapes payable 167,539 539,584
Total current liabilities 3,076,173 2,371,136
Long-term debt, net of current portion 5,590,295 3,816,911
Deferred rent liability 186,178 197,241
Deferred revenue-distribution agreement, net of current portion 559,518 666,663
Deferred gain 193,480 217,551
Deferred income taxes 800,000 800,000
Total liabilities 10,405,644 8,069,502
COMMITMENTS AND CONTINGENCIES      
SHAREHOLDERS' EQUITY    
Common stock, no par value, 10,000,000 shares authorized, 4,921,979 and 4,893,979 shares issued at September 30, 2013 and December 31, 2012, respectively, 4,808,561 and 4,803,710 shares outstanding at September 30, 2013 and December 31, 2012, respectively. 8,766,466 8,656,926
Retained earnings 10,053,567 9,003,783
Less: Common stock held in treasury, at cost, 113,418 and 90,269 shares at September 30, 2013 and December 31, 2012, respectively (425,077) (319,215)
Total shareholder's equity 18,394,956 17,341,494
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 28,800,600 $ 25,410,996