v3.26.1
INVENTORIES
3 Months Ended
Mar. 31, 2026
Inventory Disclosure [Abstract]  
INVENTORIES

3. INVENTORIES

 

Inventory is primarily bottled wine which is carried at the lower cost (calculated using the average cost method) or net realizable value. The Company recorded approximately $0 during the three months ended March 31, 2026 and 2025, in inventory write down to net realizable value. This inventory included a valuation reserve of approximately $123,000 as of March 31, 2026 and December 31, 2025, respectively. The finished goods inventory was as follows:

 

   March 31,
2026
   December 31,
2025
 
Inventory – finished goods  $44,000   $47,000