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BALANCE SHEETS (unaudited) (USD $)
Dec. 31, 2013
Dec. 31, 2012
CURRENT ASSETS    
Cash and cash equivalents $ 945,683 $ 4,553,113
Accounts receivable, net 1,229,391 1,088,550
Inventories (Note 3) 9,833,312 9,226,884
Prepaid expenses and other current assets 177,769 89,503
Current portion of note receivable 0 23,231
Current portion of distribution agreement receivable 250,000 250,000
Income tax receivable 143,363 8,734
Total current assets 12,579,518 15,240,015
Restricted cash (Note 1) 450,000 0
Vineyard development costs, net 2,257,217 1,567,976
Property and equipment, net (Note 4) 13,659,090 8,305,636
Debt issuance costs, net 58,987 47,369
Distribution agreement receivable, net of current portion 0 250,000
TOTAL ASSETS 29,004,812 25,410,996
CURRENT LIABILITIES    
Accounts payable 711,333 728,596
Accrued expenses 456,842 474,776
Current portion of long-term debt 306,353 209,327
Income taxes payable 0 17,659
Deferred income taxes 444,000 254,000
Current portion of liabilities from discontinued operations, net 0 4,337
Current portion of deferred revenue-distribution agreement 142,857 142,857
Grapes payable 689,028 539,584
Total current liabilities 2,750,413 2,371,136
Long-term debt, net of current portion 5,510,392 3,816,911
Deferred rent liability 182,490 197,241
Deferred revenue-distribution agreement, net of current portion 523,803 666,663
Deferred gain 185,456 217,551
Deferred income taxes 993,000 800,000
Total liabilities 10,145,554 8,069,502
COMMITMENTS AND CONTINGENCIES (Note 11)      
SHAREHOLDERS' EQUITY    
Common stock, no par value, 10,000,000 shares authorized, 4,946,017 and 4,894,977 shares issued at December 31, 2013 and December 31, 2012, respectively, 4,832,559 and 4,804,708 shares outstanding at December 31, 2013 and December 31, 2012, respectively. 8,857,085 8,656,926
Retained earnings 10,427,275 9,003,783
Less: Common stock held in treasury, at cost, 113,418 and 90,269 shares at December 31, 2013 and December 31, 2012, respectively (425,102) (319,215)
Total shareholder's equity 18,859,258 17,341,494
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 29,004,812 $ 25,410,996