5. DEBT	3 Months Ended
Mar. 31, 2019
Debt Disclosure [Abstract]
NOTE 5. DEBT	Line of Credit Facility – In December of 2005 the Company entered into a revolving line of credit agreement with Umpqua Bank that allows borrowings of up to $2,000,000 against eligible accounts receivable and inventories as defined in the agreement. The revolving line bears interest at prime, is payable monthly, and is subject to annual renewal. In June 2018, the Company renewed the credit agreement until July 31, 2019. The interest rate was 4.00% at March 31, 2019 and December 31, 2018. At March 31, 2019 and December 31, 2018 there was no outstanding balance on this revolving line of credit. The line of credit agreement includes various covenants, which among other things; require the Company to maintain minimum amounts of tangible net worth, debt/worth ratio, and debt service coverage as defined. As of March 31, 2019, the Company was in compliance with these financial covenants. 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 March 31, 2019 the Company did not have a balance due on this note. As of December 31, 2018 the Company had a balance due of $137,667 on 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 March 31, 2019 the Company had a balance of $1,528,193 due on this note. As of December 31, 2018 the Company had a balance of $1,547,514 due on this note. Long Term Debt –The Company has two long term debt agreements with Farm Credit Services with an aggregate outstanding balance of $6,716,225 and $6,816,928 as of March 31, 2019 and December 31, 2018. These loans require monthly principal and interest payments of $62,067 for the life of the loans, at annual fixed interest rates of 4.75% and 5.21%, and with maturity dates of 2028 and 2032. The general purposes of these loans were to make capital improvements to the winery and vineyard facilities. The Company has an outstanding loan with Toyota Credit Corporation maturing in February 2021, at zero interest, with an outstanding balance of $21,037 and $23,906 as of March 31, 2019 and December 31, 2018, respectively. The purpose of this loan was to purchase a vehicle. As of March 31, 2019 the Company had unamortized debt issuance costs of $168,973. As of December 31, 2018 the Company had unamortized debt issuance costs of $172,225.

5. DEBT

3 Months Ended

Mar. 31, 2019

Line of Credit Facility – In December of 2005 the Company entered into a revolving line of credit agreement with Umpqua Bank that allows borrowings of up to $2,000,000 against eligible accounts receivable and inventories as defined in the agreement. The revolving line bears interest at prime, is payable monthly, and is subject to annual renewal. In June 2018, the Company renewed the credit agreement until July 31, 2019. The interest rate was 4.00% at March 31, 2019 and December 31, 2018. At March 31, 2019 and December 31, 2018 there was no outstanding balance on this revolving line of credit.

The line of credit agreement includes various covenants, which among other things; require the Company to maintain minimum amounts of tangible net worth, debt/worth ratio, and debt service coverage as defined. As of March 31, 2019, the Company was in compliance with these financial covenants.

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 March 31, 2019 the Company did not have a balance due on this note. As of December 31, 2018 the Company had a balance due of $137,667 on 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 March 31, 2019 the Company had a balance of $1,528,193 due on this note. As of December 31, 2018 the Company had a balance of $1,547,514 due on this note.

Long Term Debt –The Company has two long term debt agreements with Farm Credit Services with an aggregate outstanding balance of $6,716,225 and $6,816,928 as of March 31, 2019 and December 31, 2018. These loans require monthly principal and interest payments of $62,067 for the life of the loans, at annual fixed interest rates of 4.75% and 5.21%, and with maturity dates of 2028 and 2032. The general purposes of these loans were to make capital improvements to the winery and vineyard facilities.

The Company has an outstanding loan with Toyota Credit Corporation maturing in February 2021, at zero interest, with an outstanding balance of $21,037 and $23,906 as of March 31, 2019 and December 31, 2018, respectively. The purpose of this loan was to purchase a vehicle.

As of March 31, 2019 the Company had unamortized debt issuance costs of $168,973. As of December 31, 2018 the Company had unamortized debt issuance costs of $172,225.