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6. NOTES PAYABLE
12 Months Ended
Dec. 31, 2018
Debt Disclosure [Abstract]  
NOTES PAYABLE

In March of 2017 the Company purchased approximately 45 acres of farmland in the Walla Walla AVA under terms that included paying one third of the price upon closing, one third on March 15, 2018 and one third on March 15, 2019. As of December 31, 2018, the Company had a balance of $137,667 due on this note. No interest accrues under the terms of this note.

 

In February of 2017 the Company purchased property, including vineyard land, bare land and structures in the Dundee Hills AVA under terms that included a 15 year note payable with quarterly payments of $42,534 at 6%. The note may be called by the owner, up to the outstanding balance, with 180 days written notice. As of December 31, 2018, the Company had a balance of $1,547,514 due on this note.