LEASES (Details Narrative) - USD ($) |
1 Months Ended | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Jan. 31, 2023 |
May 31, 2022 |
Feb. 28, 2022 |
Sep. 30, 2021 |
Feb. 29, 2020 |
Feb. 28, 2020 |
Dec. 31, 2018 |
Jan. 31, 2018 |
Sep. 30, 2017 |
Jul. 31, 2008 |
Feb. 28, 2007 |
Dec. 31, 2004 |
Dec. 31, 1999 |
|
| Tualatin Vineyards [Member] | |||||||||||||
| Business Combination, Separately Recognized Transaction [Line Items] | |||||||||||||
| Sale Leaseback Transaction, Description of Asset(s) | In December 2004, under a sale-leaseback agreement, the Company sold approximately 75 acres of the Tualatin Vineyards property with a net book value of approximately $551,000 for approximately $727,000 cash and entered into a 15 year operating lease agreement, with three five-year extension options, for the vineyard portion of the property. The first two five year extensions have been exercised. The lease contains a formula-based escalation provision with a maximum increase of 4% every three years. This property is referred to as the Meadowview Vineyard and includes approximately 49 acres of producing vineyards. For right of use asset and liability calculations the Company has concluded it is reasonably certain to extend available options through November 2033. | In December 1999, under a sale-leaseback agreement, the Company sold approximately 79 acres of the Tualatin Vineyards property with a net book value of approximately $1,000,000 for approximately $1,500,000 cash and entered into a 20 year operating lease agreement, with three five-year extension options, and contains an escalation provision of 2.5% per year. The Company extended the lease in January 2019 until January 2025. The Company extended the lease in July 2024 until January 2030. This property is referred to as the Peter Michael Vineyard and includes approximately 69 acres of producing vineyards. For right of use asset and liability calculations the Company has concluded it is reasonably certain to extend available options through January 2035. | |||||||||||
| Sale Leaseback Transaction, Date | December 2004 | December 1999 | |||||||||||
| Sale Leaseback Transaction, Historical Cost | $ 727,000 | $ 1,500,000 | |||||||||||
| Sale Leaseback Transaction, Lease Period | 15 years | 20 years | |||||||||||
| Elton Vineyards [Member] | |||||||||||||
| Business Combination, Separately Recognized Transaction [Line Items] | |||||||||||||
| Sale Leaseback Transaction, Description of Asset(s) | In February 2007, the Company entered into a lease agreement for 59 acres of vineyard land at Elton Vineyard. In June 2021 the Company entered into a new 11 year lease for this property. The lease contains an escalation provision tied to the CPI not to exceed 2% per annum. This property includes 54 acres of producing vineyards and 2 additional plantable acres. For right of use asset and liability calculations the Company has concluded it is reasonably certain to extend available options through December 2031. | ||||||||||||
| Sale Leaseback Transaction, Date | February 2007 | ||||||||||||
| Sale Leaseback Transaction, Lease Period | 11 years | ||||||||||||
| Eola Hills [Member] | |||||||||||||
| Business Combination, Separately Recognized Transaction [Line Items] | |||||||||||||
| Sale Leaseback Transaction, Description of Asset(s) | In July 2008, the Company entered into a 34-year lease agreement with a property owner in the Eola Hills for approximately 110 acres adjacent to the existing Elton Vineyards site. These 110 acres are being developed into vineyards. Terms of this agreement contain rent increases, that rise as the vineyard is developed, and contains an escalation provision of CPI plus 0.5% per year capped at 4%. This property is referred to as part of Ingram Vineyard and includes 93 acres of producing vineyards and 17 additional plantable acres. For right of use asset and liability calculations the Company has concluded it is reasonably certain to extend available options through December 2053. | ||||||||||||
| Sale Leaseback Transaction, Date | July 2008 | ||||||||||||
| Sale Leaseback Transaction, Lease Period | 34 years | ||||||||||||
| Dundee [Member] | |||||||||||||
| Business Combination, Separately Recognized Transaction [Line Items] | |||||||||||||
| Sale Leaseback Transaction, Description of Asset(s) | In March 2017, the Company entered into a 25-year lease for approximately 17 acres of agricultural land in Dundee, Oregon. This lease contains an annual payment that remains constant throughout the term of the lease. This property is referred to as part of Bernau Estate Vineyard and includes 9 acres of producing vineyards. | ||||||||||||
| Sale Leaseback Transaction, Date | March 2017 | ||||||||||||
| Sale Leaseback Transaction, Lease Terms | P25Y | ||||||||||||
| McMinnville [Member] | |||||||||||||
| Business Combination, Separately Recognized Transaction [Line Items] | |||||||||||||
| Sale Leaseback Transaction, Description of Asset(s) | In September 2018, the Company renewed an existing lease for three years, with two one-year renewal options, for its McMinnville tasting room. In May 2022 the Company amended the lease to extend the lease to August 2025 with one three year renewal option and defined payments over the term of the lease. For right of use asset and liability calculations the Company has not included the renewal option. | ||||||||||||
| Sale Leaseback Transaction, Date | September 2018 | ||||||||||||
| Sale Leaseback Transaction, Lease Period | 3 years | ||||||||||||
| Maison Bleue [Member] | |||||||||||||
| Business Combination, Separately Recognized Transaction [Line Items] | |||||||||||||
| Sale Leaseback Transaction, Description of Asset(s) | In January 2018, the Company assumed a lease, through December 2022, for its Maison Bleue tasting room in Walla Walla, Washington. In January 2023, the Company entered into a new lease to December 2027 with one five year renewal option, and defined payments over the term of the lease. For right of use asset and liability calculations the Company has not included the renewal option. | ||||||||||||
| Sale Leaseback Transaction, Date | January 2018 | ||||||||||||
| Willamette Wineworks [Member] | |||||||||||||
| Business Combination, Separately Recognized Transaction [Line Items] | |||||||||||||
| Sale Leaseback Transaction, Description of Asset(s) | In February 2020, the Company entered into a lease for 5 years, with three five-year renewal options for a retail wine facility in Folsom, California, referred to as Willamette Wineworks. The lease contains an escalation provision tied to the CPI not to exceed 3% per annum with increases not allowed in any year being carried forward to the following years. In January 2025 the Company amended the renewal options and extended the lease until February 2026. For right of use asset and liability calculations the Company has concluded it is reasonably certain to extend available options through February 2040. | ||||||||||||
| Sale Leaseback Transaction, Date | February 2020 | ||||||||||||
| Sale Leaseback Transaction, Lease Period | 5 years | ||||||||||||
| Retail Wine Facility [Member] | |||||||||||||
| Business Combination, Separately Recognized Transaction [Line Items] | |||||||||||||
| Sale Leaseback Transaction, Description of Asset(s) | In January 2023, the Company entered into a lease for 10 years, with three five-year renewal options for a retail wine facility in Bend, Oregon. The lease defines the payments over the term of the lease. For right of use asset and liability calculations the Company has not included the renewal option. | In May 2022, the Company entered into a lease for 10 years, with two five-year renewal options for a retail wine facility in Happy Valley, Oregon. The lease defines the payments over the term of the lease and option periods. For right of use asset and liability calculations the Company has concluded it is reasonably certain to extend available options through May 2042. | In February 2022, the Company entered into a lease for 10 years, with three five-year renewal options for a retail wine facility in Lake Oswego, Oregon. The lease defines the payments over the term of the lease and option periods. For right of use asset and liability calculations the Company has concluded it is reasonably certain to extend available options through January 2042 | In March 2021, the Company entered into a lease for 10 years, with two five-year renewal options for a retail wine facility in Vancouver, Washington. The lease defines the payments over the term of the lease and option periods. For right of use asset and liability calculations the Company has concluded it is reasonably certain to extend available options through August 2041. | |||||||||
| Sale Leaseback Transaction, Date | January 2023 | May 2022 | February 2022 | March 2021 | |||||||||
| Sale Leaseback Transaction, Lease Period | 10 years | 10 years | 10 years | 10 years | |||||||||