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BALANCE SHEETS (unaudited) (USD $)
Sep. 30, 2014
Dec. 31, 2013
CURRENT ASSETS    
Cash and cash equivalents $ 906,068 $ 945,683
Accounts receivable, net 1,284,204 1,229,391
Inventories (Note 2) 9,827,987 9,833,312
Prepaid expenses and other current assets 54,615 177,769
Current portion of distribution agreement receivable 250,000 250,000
Income tax receivable 0 143,363
Total current assets 12,322,874 12,579,518
Restricted cash 0 450,000
Vineyard development costs, net 2,653,238 2,257,217
Property and equipment, net (Note 3) 14,773,501 13,659,090
Debt issuance costs, net 55,699 58,987
TOTAL ASSETS 29,805,312 29,004,812
CURRENT LIABILITIES    
Accounts payable 360,622 711,333
Accrued expenses 604,760 456,842
Current portion of long-term debt 324,014 306,353
Income taxes payable 2,753 0
Deferred income taxes 444,000 444,000
Current portion of deferred revenue-distribution agreement 142,857 142,857
Unearned revenue 43,764 0
Grapes payable 660,148 689,028
Total current liabilities 2,582,918 2,750,413
Long-term debt, net of current portion 5,257,860 5,510,392
Deferred rent liability 168,394 182,490
Deferred revenue-distribution agreement, net of current portion 416,658 523,803
Deferred gain 161,385 185,456
Deferred income taxes 993,000 993,000
Total liabilities 9,580,215 10,145,554
SHAREHOLDERS' EQUITY    
Common stock, no par value, 10,000,000 shares authorized, 4,961,206 and 4,945,977 shares issued at September 30, 2014 and December 31, 2013, respectively. 8,927,528 8,857,085
Retained earnings 11,722,671 10,427,275
Less: Common stock held in treasury, at cost, 113,418 and 113,418 shares at September 30, 2014 and December 31, 2013, respectively (425,102) (425,102)
Total shareholder's equity 20,225,097 18,859,258
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 29,805,312 $ 29,004,812