v3.26.1
CONDENSED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
CASH FLOWS FROM OPERATING ACTIVITIES    
Net loss $ (1,954,948) $ (636,186)
Adjustments to reconcile net loss to net cash from operating activities:    
Depreciation and amortization 1,600,284 1,632,833
Provision for credit losses 1,086,557
Common stock compensation expense 42,070
Non-cash lease expense 301,294 331,417
Debt issuance costs 9,495 10,575
Change in operating assets and liabilities:    
Accounts receivable 617,600 935,992
Inventories 1,862,795 (39,106)
Prepaid expenses and other current assets 58,735 95,181
Income taxes receivable (438,779) (303,968)
Unearned revenue (321,533) (309,425)
Lease liabilities (237,417) (246,532)
Grapes payable (654,832) (1,519,087)
Accounts payable 805,938 370,959
Accrued expenses (31,860) (350,421)
Net cash from operating activities 2,745,399 (27,768)
CASH FLOWS FROM INVESTING ACTIVITIES    
Additions to vineyard development costs (45,855) (43,229)
Additions to property and equipment (78,393) (166,304)
Net cash from investing activities (124,248) (209,533)
CASH FLOWS FROM FINANCING ACTIVITIES    
Payment on installment note for property purchase (59,069) (55,654)
Proceeds from (payments on) bank overdraft 534,488 (259,496)
Payments on line of credit, net (2,505,298) (1,958,933)
Payments on long-term debt (497,979) (470,553)
Proceeds from long-term debt 3,011,697
Proceeds from issuance of preferred stock 85,323
Net cash from financing activities (2,442,535) 267,061
NET CHANGE IN CASH AND CASH EQUIVALENTS 178,616 29,760
CASH AND CASH EQUIVALENTS, beginning of period 410,886 320,883
CASH AND CASH EQUIVALENTS, end of period 589,502 350,643
NON-CASH INVESTING AND FINANCING ACTIVITIES    
Purchases of property and equipment and vineyard development costs included in accounts payable 6,999
Reduction in investor deposits for preferred stock 2,057,265
Accrued preferred stock dividends $ 1,212,142 $ 1,126,353