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OR 93-0981021 8800 Enchanted Way S.E. Turner OR 97392 (503) 588-9463 Yes Yes Non-accelerated Filer true false false Common Stock WVVI NASDAQ Series A Redeemable Preferred Stock WVVIP NASDAQ 4979529 589502 410886 2807303 4511460 31517284 33380079 600298 659033 482896 44117 35997283 39005575 13824 13824 8571687 8626391 47983667 49404999 10383516 10684810 102949977 107735599 2352935 1546997 1877224 1909084 2057265 534488 634842 3140140 825152 884221 3131243 1008215 534390 490247 2455386 2776919 654832 12345660 14467920 11405832 14017343 10599941 10881501 2180660 2180660 36532093 41547424 0 0 100000000 100000000 11019872 11019872 46944611 10239573 10239573 42494228 46712125 43357396 0 0 10000000 10000000 4979529 4979529 4979529 4979529 8679631 8637560 11026128 14193219 66417884 66188175 102949977 107735599 10036275 10195763 18292428 17737346 4262550 3979145 7489639 6761620 5773725 6216618 10802789 10975726 4423814 4193635 8507658 8161345 2703880 1624819 4326894 3286195 7127694 5818454 12834552 11447540 -1353969 398164 -2031763 -471814 267994 270145 555307 568366 2550 2550 209170 145026 -1619413 130569 -2377900 -895154 -229537 37774 -422952 -258968 -1389876 92795 -1954948 -636186 606071 563176 1212142 1126353 -1995947 -470381 -3167090 -1762539 -0.40 -0.40 -0.09 -0.09 -0.64 -0.64 -0.36 -0.36 4979529 4979529 4964529 4964529 4979529 4979529 4964529 4964529 10239573 43357396 4979529 8637560 14193219 66188175 779899 2142588 2142588 21035 21035 -606071 606071 -565073 -565073 11019472 46106055 4979529 8658595 13022075 67786725 400 21035 21035 -606071 606071 -1389876 -1389876 11019872 46712126 4979529 8679630 11026128 66417884 10239573 43357396 4964529 8512489 17363845 69233730 -563177 563177 -728981 -728981 10239573 43920573 4964529 8512489 16071687 68504749 -563176 563176 92795 92795 10239573 44483749 4964529 8512489 15601306 68597544 -1954948 -636186 1600284 1632833 1086557 42070 301294 331417 -9495 -10575 -617600 -935992 -1862795 39106 -58735 -95181 438779 303968 -321533 -309425 -237417 -246532 -654832 -1519087 805938 370959 -31860 -350421 2745399 -27768 -45855 -43229 78393 166304 -124248 -209533 59069 55654 534488 -259496 2505298 1958933 497979 470553 3011697 85323 -2442535 267061 178616 29760 410886 320883 589502 350643 6999 2057265 1212142 1126353 <p id="xdx_804_eus-gaap--BusinessDescriptionAndBasisOfPresentationTextBlock_zFeW5uTOu7D4" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>1) <span id="xdx_821_zHBWM2MlkPp1">BASIS OF PRESENTATION</span></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The accompanying unaudited interim financial statements as of June 30, 2026 and for the three and six months ended June 30, 2026 and 2025 have been prepared in conformity with accounting principles generally accepted in the United States (“U.S. GAAP”) for interim financial statements. The financial information as of December 31, 2025 is derived from the audited financial statements presented in the Willamette Valley Vineyards, Inc. (the “Company”) Annual Report on Form 10-K for the year ended December 31, 2025. Certain information or footnote disclosures normally included in financial statements prepared in accordance with U.S. GAAP have been condensed or omitted pursuant to the rules and regulations of the Securities and Exchange Commission. In the opinion of management, the accompanying financial statements include all adjustments necessary (which are of a normal recurring nature) for the fair statement of the results of the interim periods presented. The accompanying financial statements should be read in conjunction with the Company’s audited financial statements for the year ended December 31, 2025, as presented in the Company’s Annual Report on Form 10-K.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: white"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Operating results for the three and six months ended June 30, 2026 are not necessarily indicative of the results that may be expected for the entire year ending December 31, 2026, or any portion thereof.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: white"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The Company’s revenues include direct to consumer sales and national sales to distributors. These sales channels utilize shared resources for production, selling, and distribution.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Basic loss per share after preferred stock dividends are computed based on the weighted-average number of common shares outstanding each period.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p id="xdx_89B_eus-gaap--ScheduleOfEarningsPerShareBasicAndDilutedTableTextBlock_z3EgqLHKEiEf" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The following table presents the earnings per share after preferred stock dividends calculation for the periods shown:</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span id="xdx_8B9_zA9celXeecx9" style="display: none">Schedule of Earning Per Share</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"></span></p> <table cellpadding="0" cellspacing="0" id="xdx_30D_134_zx6YwASXfaie" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 90%" summary="xdx: Disclosure - BASIS OF PRESENTATION (Details)"> <tr style="vertical-align: bottom"> <td></td><td style="font-weight: bold; padding-bottom: 1pt"></td> <td style="font-weight: bold; text-align: center"></td> <td id="xdx_49E_20260401__20260630_zNCdsPkJ7fla" style="font-weight: bold; text-align: center"></td> <td style="font-weight: bold; text-align: center"></td> <td style="font-weight: bold; text-align: center"></td> <td style="font-weight: bold; text-align: center"></td> <td id="xdx_499_20250401__20250630_zUspFzfcpZ9g" style="font-weight: bold; text-align: center"></td> <td style="font-weight: bold; text-align: center"></td><td style="font-weight: bold; padding-bottom: 1pt"></td> <td style="font-weight: bold; text-align: center"></td> <td id="xdx_49E_20260101__20260630_zcOizheUQaBk" style="font-weight: bold; text-align: center"></td> <td style="font-weight: bold; text-align: center"></td> <td style="font-weight: bold; text-align: center"></td> <td style="font-weight: bold; text-align: center"></td> <td id="xdx_491_20250101__20250630_zU9LNmw17Gcj" style="font-weight: bold; text-align: center"></td> <td style="font-weight: bold; text-align: center"></td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="7" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Three months ended June 30,</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="7" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Six months ended June 30,</td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2026</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2025</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2026</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2025</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-weight: bold">Numerator</td><td> </td> <td colspan="3"> </td><td> </td> <td colspan="3"> </td><td> </td> <td colspan="3"> </td><td> </td> <td colspan="3"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td> </td><td> </td> <td colspan="3"> </td><td> </td> <td colspan="3"> </td><td> </td> <td colspan="3"> </td><td> </td> <td colspan="3"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 30%; text-align: left">Net income (loss)</td><td style="width: 3%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 10%; text-align: right">(1,389,876</td><td style="width: 1%; text-align: left">)</td><td style="width: 3%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 10%; text-align: right">92,795</td><td style="width: 1%; text-align: left"> </td><td style="width: 3%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 10%; text-align: right">(1,954,948</td><td style="width: 1%; text-align: left">)</td><td style="width: 3%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 10%; text-align: right">(636,186</td><td style="width: 1%; text-align: left">)</td></tr> <tr id="xdx_409_eus-gaap--PreferredStockDividendsAndOtherAdjustments_z60Hf9K5fhu7" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt">Accrued preferred stock dividends</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(606,071</td><td style="padding-bottom: 1pt; text-align: left">)</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(563,176</td><td style="padding-bottom: 1pt; text-align: left">)</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(1,212,142</td><td style="padding-bottom: 1pt; text-align: left">)</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(1,126,353</td><td style="padding-bottom: 1pt; text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_40C_eus-gaap--NetIncomeLossAvailableToCommonStockholdersBasic_zvCbjKcMFC94" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 2.5pt">Net loss applicable to common shares</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">(1,995,947</td><td style="padding-bottom: 2.5pt; text-align: left">)</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">(470,381</td><td style="padding-bottom: 2.5pt; text-align: left">)</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">(3,167,090</td><td style="padding-bottom: 2.5pt; text-align: left">)</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">(1,762,539</td><td style="padding-bottom: 2.5pt; text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="font-weight: bold">Denominator</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left"></td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_402_eus-gaap--WeightedAverageNumberOfSharesOutstandingBasic_zkFKyD7LgHe9" style="vertical-align: bottom; background-color: White"> <td style="padding-left: 10pt; text-align: left; padding-bottom: 2.5pt; text-indent: -10pt">Weighted-average number of common shares outstanding basic and diluted</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td id="xdx_981_eus-gaap--WeightedAverageNumberOfDilutedSharesOutstanding_c20260401__20260630_z09xqSUCR0H1" style="border-bottom: Black 2.5pt double; text-align: right">4,979,529</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td id="xdx_98C_eus-gaap--WeightedAverageNumberOfDilutedSharesOutstanding_c20250401__20250630_zgcDzDSFefxf" style="border-bottom: Black 2.5pt double; text-align: right">4,964,529</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td id="xdx_988_eus-gaap--WeightedAverageNumberOfDilutedSharesOutstanding_c20260101__20260630_zKJZC0WxqXkj" style="border-bottom: Black 2.5pt double; text-align: right">4,979,529</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td id="xdx_980_eus-gaap--WeightedAverageNumberOfDilutedSharesOutstanding_c20250101__20250630_ztwSc8EafXd8" style="border-bottom: Black 2.5pt double; text-align: right">4,964,529</td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_401_eus-gaap--EarningsPerShareBasic_zkwis7FHCuci" style="vertical-align: bottom; background-color: White"> <td style="padding-left: 10pt; text-align: left; padding-bottom: 2.5pt; text-indent: -10pt">Loss per common share after preferred dividends, basic and diluted</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td id="xdx_983_eus-gaap--EarningsPerShareDiluted_c20260401__20260630_zQnsjrKQuvm1" style="border-bottom: Black 2.5pt double; text-align: right">(0.40</td><td style="padding-bottom: 2.5pt; text-align: left">)</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td id="xdx_98F_eus-gaap--EarningsPerShareDiluted_c20250401__20250630_zx1yjhFanDF4" style="border-bottom: Black 2.5pt double; text-align: right">(0.09</td><td style="padding-bottom: 2.5pt; text-align: left">)</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td id="xdx_980_eus-gaap--EarningsPerShareDiluted_c20260101__20260630_zHlNqlWcxRRb" style="border-bottom: Black 2.5pt double; text-align: right">(0.64</td><td style="padding-bottom: 2.5pt; text-align: left">)</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td id="xdx_98E_eus-gaap--EarningsPerShareDiluted_c20250101__20250630_zLcdA5rywEVc" style="border-bottom: Black 2.5pt double; text-align: right">(0.36</td><td style="padding-bottom: 2.5pt; text-align: left">)</td></tr> </table> <p id="xdx_8A9_z48HoAituxHb" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Subsequent to the filing of the 2025 Report there were no accounting pronouncements issued by the Financial Accounting Standards Board (“FASB”) that would have a material effect on the Company’s unaudited interim condensed financial statements. </span></p> <p id="xdx_89B_eus-gaap--ScheduleOfEarningsPerShareBasicAndDilutedTableTextBlock_z3EgqLHKEiEf" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The following table presents the earnings per share after preferred stock dividends calculation for the periods shown:</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span id="xdx_8B9_zA9celXeecx9" style="display: none">Schedule of Earning Per Share</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"></span></p> <table cellpadding="0" cellspacing="0" id="xdx_30D_134_zx6YwASXfaie" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 90%" summary="xdx: Disclosure - BASIS OF PRESENTATION (Details)"> <tr style="vertical-align: bottom"> <td></td><td style="font-weight: bold; padding-bottom: 1pt"></td> <td style="font-weight: bold; text-align: center"></td> <td id="xdx_49E_20260401__20260630_zNCdsPkJ7fla" style="font-weight: bold; text-align: center"></td> <td style="font-weight: bold; text-align: center"></td> <td style="font-weight: bold; text-align: center"></td> <td style="font-weight: bold; text-align: center"></td> <td id="xdx_499_20250401__20250630_zUspFzfcpZ9g" style="font-weight: bold; text-align: center"></td> <td style="font-weight: bold; text-align: center"></td><td style="font-weight: bold; padding-bottom: 1pt"></td> <td style="font-weight: bold; text-align: center"></td> <td id="xdx_49E_20260101__20260630_zcOizheUQaBk" style="font-weight: bold; text-align: center"></td> <td style="font-weight: bold; text-align: center"></td> <td style="font-weight: bold; text-align: center"></td> <td style="font-weight: bold; text-align: center"></td> <td id="xdx_491_20250101__20250630_zU9LNmw17Gcj" style="font-weight: bold; text-align: center"></td> <td style="font-weight: bold; text-align: center"></td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="7" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Three months ended June 30,</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="7" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Six months ended June 30,</td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2026</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2025</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2026</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2025</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-weight: bold">Numerator</td><td> </td> <td colspan="3"> </td><td> </td> <td colspan="3"> </td><td> </td> <td colspan="3"> </td><td> </td> <td colspan="3"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td> </td><td> </td> <td colspan="3"> </td><td> </td> <td colspan="3"> </td><td> </td> <td colspan="3"> </td><td> </td> <td colspan="3"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 30%; text-align: left">Net income (loss)</td><td style="width: 3%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 10%; text-align: right">(1,389,876</td><td style="width: 1%; text-align: left">)</td><td style="width: 3%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 10%; text-align: right">92,795</td><td style="width: 1%; text-align: left"> </td><td style="width: 3%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 10%; text-align: right">(1,954,948</td><td style="width: 1%; text-align: left">)</td><td style="width: 3%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 10%; text-align: right">(636,186</td><td style="width: 1%; text-align: left">)</td></tr> <tr id="xdx_409_eus-gaap--PreferredStockDividendsAndOtherAdjustments_z60Hf9K5fhu7" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt">Accrued preferred stock dividends</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(606,071</td><td style="padding-bottom: 1pt; text-align: left">)</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(563,176</td><td style="padding-bottom: 1pt; text-align: left">)</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(1,212,142</td><td style="padding-bottom: 1pt; text-align: left">)</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(1,126,353</td><td style="padding-bottom: 1pt; text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_40C_eus-gaap--NetIncomeLossAvailableToCommonStockholdersBasic_zvCbjKcMFC94" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 2.5pt">Net loss applicable to common shares</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">(1,995,947</td><td style="padding-bottom: 2.5pt; text-align: left">)</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">(470,381</td><td style="padding-bottom: 2.5pt; text-align: left">)</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">(3,167,090</td><td style="padding-bottom: 2.5pt; text-align: left">)</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">(1,762,539</td><td style="padding-bottom: 2.5pt; text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="font-weight: bold">Denominator</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left"></td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_402_eus-gaap--WeightedAverageNumberOfSharesOutstandingBasic_zkFKyD7LgHe9" style="vertical-align: bottom; background-color: White"> <td style="padding-left: 10pt; text-align: left; padding-bottom: 2.5pt; text-indent: -10pt">Weighted-average number of common shares outstanding basic and diluted</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td id="xdx_981_eus-gaap--WeightedAverageNumberOfDilutedSharesOutstanding_c20260401__20260630_z09xqSUCR0H1" style="border-bottom: Black 2.5pt double; text-align: right">4,979,529</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td id="xdx_98C_eus-gaap--WeightedAverageNumberOfDilutedSharesOutstanding_c20250401__20250630_zgcDzDSFefxf" style="border-bottom: Black 2.5pt double; text-align: right">4,964,529</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td id="xdx_988_eus-gaap--WeightedAverageNumberOfDilutedSharesOutstanding_c20260101__20260630_zKJZC0WxqXkj" style="border-bottom: Black 2.5pt double; text-align: right">4,979,529</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td id="xdx_980_eus-gaap--WeightedAverageNumberOfDilutedSharesOutstanding_c20250101__20250630_ztwSc8EafXd8" style="border-bottom: Black 2.5pt double; text-align: right">4,964,529</td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_401_eus-gaap--EarningsPerShareBasic_zkwis7FHCuci" style="vertical-align: bottom; background-color: White"> <td style="padding-left: 10pt; text-align: left; padding-bottom: 2.5pt; text-indent: -10pt">Loss per common share after preferred dividends, basic and diluted</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td id="xdx_983_eus-gaap--EarningsPerShareDiluted_c20260401__20260630_zQnsjrKQuvm1" style="border-bottom: Black 2.5pt double; text-align: right">(0.40</td><td style="padding-bottom: 2.5pt; text-align: left">)</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td id="xdx_98F_eus-gaap--EarningsPerShareDiluted_c20250401__20250630_zx1yjhFanDF4" style="border-bottom: Black 2.5pt double; text-align: right">(0.09</td><td style="padding-bottom: 2.5pt; text-align: left">)</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td id="xdx_980_eus-gaap--EarningsPerShareDiluted_c20260101__20260630_zHlNqlWcxRRb" style="border-bottom: Black 2.5pt double; text-align: right">(0.64</td><td style="padding-bottom: 2.5pt; text-align: left">)</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td id="xdx_98E_eus-gaap--EarningsPerShareDiluted_c20250101__20250630_zLcdA5rywEVc" style="border-bottom: Black 2.5pt double; text-align: right">(0.36</td><td style="padding-bottom: 2.5pt; text-align: left">)</td></tr> </table> -606071 -563176 -1212142 -1126353 -1995947 -470381 -3167090 -1762539 4979529 4979529 4964529 4964529 4979529 4979529 4964529 4964529 -0.40 -0.40 -0.09 -0.09 -0.64 -0.64 -0.36 -0.36 <p id="xdx_808_eus-gaap--InventoryDisclosureTextBlock_z4Lhet3Ds6Tl" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>2) <span id="xdx_822_zKFd2P7omqMk">INVENTORIES</span></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p id="xdx_894_eus-gaap--ScheduleOfInventoryCurrentTableTextBlock_ztvdGmGsU2Mh" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The Company’s inventories, by major classification, are summarized as follows, as of the dates shown:</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span id="xdx_8B5_zdxMvf5BqTi6" style="display: none">Schedule of Inventories</span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"></span></p> <table cellpadding="0" cellspacing="0" id="xdx_30E_134_zT9noEgt0UHi" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 90%" summary="xdx: Disclosure - INVENTORIES (Details)"> <tr style="vertical-align: bottom"> <td> </td><td style="padding-bottom: 1pt"> </td> <td colspan="3" id="xdx_499_20260630_zoCLsLgoMEA1" style="border-bottom: Black 1pt solid; text-align: center">June 30, 2026</td><td style="padding-bottom: 1pt"> </td> <td colspan="3" id="xdx_49F_20251231_za2JbJnE9FUd" style="border-bottom: Black 1pt solid; text-align: center">December 31, 2025</td></tr> <tr style="vertical-align: bottom"> <td> </td><td> </td> <td colspan="3"> </td><td> </td> <td colspan="3"> </td></tr> <tr id="xdx_407_eus-gaap--InventoryRawMaterialsAndSupplies_iI_maCzCUg_zIG12mPidkYl" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 40%; text-align: left">Winemaking and packaging materials</td><td style="width: 3%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 12%; text-align: right">1,192,608</td><td style="width: 1%; text-align: left"> </td><td style="width: 3%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 12%; text-align: right">1,173,281</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_403_eus-gaap--InventoryWorkInProcess_iI_maCzCUg_z9eAH7vOKJXd" style="vertical-align: bottom; background-color: White"> <td style="padding-left: 10pt; text-align: left; text-indent: -10pt">Work-in-process (costs relating to unprocessed and/or unbottled wine products)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">15,745,262</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">16,337,096</td><td style="text-align: left"> </td></tr> <tr id="xdx_40E_eus-gaap--InventoryFinishedGoods_iI_maCzCUg_zeHncJpdgLz4" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 1pt">Finished goods (bottled wine and related products)</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">14,579,414</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">15,869,702</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_403_eus-gaap--InventoryNet_iTI_mtCzCUg_zzQToXhZsG3i" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-bottom: 2.5pt; text-align: left">Total inventories</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">31,517,284</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">33,380,079</td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> </table> <p id="xdx_8AB_znKuR7Wy9jH9" style="margin-top: 0; margin-bottom: 0"></p> <p id="xdx_894_eus-gaap--ScheduleOfInventoryCurrentTableTextBlock_ztvdGmGsU2Mh" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The Company’s inventories, by major classification, are summarized as follows, as of the dates shown:</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span id="xdx_8B5_zdxMvf5BqTi6" style="display: none">Schedule of Inventories</span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"></span></p> <table cellpadding="0" cellspacing="0" id="xdx_30E_134_zT9noEgt0UHi" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 90%" summary="xdx: Disclosure - INVENTORIES (Details)"> <tr style="vertical-align: bottom"> <td> </td><td style="padding-bottom: 1pt"> </td> <td colspan="3" id="xdx_499_20260630_zoCLsLgoMEA1" style="border-bottom: Black 1pt solid; text-align: center">June 30, 2026</td><td style="padding-bottom: 1pt"> </td> <td colspan="3" id="xdx_49F_20251231_za2JbJnE9FUd" style="border-bottom: Black 1pt solid; text-align: center">December 31, 2025</td></tr> <tr style="vertical-align: bottom"> <td> </td><td> </td> <td colspan="3"> </td><td> </td> <td colspan="3"> </td></tr> <tr id="xdx_407_eus-gaap--InventoryRawMaterialsAndSupplies_iI_maCzCUg_zIG12mPidkYl" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 40%; text-align: left">Winemaking and packaging materials</td><td style="width: 3%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 12%; text-align: right">1,192,608</td><td style="width: 1%; text-align: left"> </td><td style="width: 3%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 12%; text-align: right">1,173,281</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_403_eus-gaap--InventoryWorkInProcess_iI_maCzCUg_z9eAH7vOKJXd" style="vertical-align: bottom; background-color: White"> <td style="padding-left: 10pt; text-align: left; text-indent: -10pt">Work-in-process (costs relating to unprocessed and/or unbottled wine products)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">15,745,262</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">16,337,096</td><td style="text-align: left"> </td></tr> <tr id="xdx_40E_eus-gaap--InventoryFinishedGoods_iI_maCzCUg_zeHncJpdgLz4" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 1pt">Finished goods (bottled wine and related products)</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">14,579,414</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">15,869,702</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_403_eus-gaap--InventoryNet_iTI_mtCzCUg_zzQToXhZsG3i" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-bottom: 2.5pt; text-align: left">Total inventories</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">31,517,284</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">33,380,079</td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> </table> 1192608 1173281 15745262 16337096 14579414 15869702 31517284 33380079 <p id="xdx_80B_eus-gaap--PropertyPlantAndEquipmentDisclosureTextBlock_zrLwFksuSD63" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>3) <span id="xdx_82B_zEN3FBvloAl2">PROPERTY AND EQUIPMENT, NET</span></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p id="xdx_891_eus-gaap--PropertyPlantAndEquipmentTextBlock_zs9ONc0WFHc" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The Company’s property and equipment consists of the following, as of the dates shown:</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span id="xdx_8B6_zouwoVZOxBAc" style="display: none">Schedule of Inventories</span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"></span></p> <table cellpadding="0" cellspacing="0" id="xdx_30F_134_zyzO1d8sljb4" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - PROPERTY AND EQUIPMENT, NET (Details)"> <tr style="vertical-align: bottom"> <td> </td><td style="padding-bottom: 1pt"> </td> <td colspan="3" id="xdx_496_20260630_zjWk2RbMw5F7" style="border-bottom: Black 1pt solid; text-align: center">June 30, 2026</td><td style="padding-bottom: 1pt"> </td> <td colspan="3" id="xdx_491_20251231_zobWnaVQTwh7" style="border-bottom: Black 1pt solid; text-align: center">December 31, 2025</td></tr> <tr style="vertical-align: bottom"> <td> </td><td> </td> <td colspan="3"> </td><td> </td> <td colspan="3"> </td></tr> <tr id="xdx_405_eus-gaap--ConstructionInProgressGross_iI_maCzlzV_zjahkpiT1ME7" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 40%; text-align: left">Construction in progress</td><td style="width: 3%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 12%; text-align: right">684,828</td><td style="width: 1%; text-align: left"> </td><td style="width: 3%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 12%; text-align: right">645,675</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_40A_eus-gaap--LandAndLandImprovements_iI_maCzlzV_zLVti1VKv1e9" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Land, improvements, and other buildings</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">15,342,674</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">15,342,674</td><td style="text-align: left"> </td></tr> <tr id="xdx_406_eus-gaap--BuildingsAndImprovementsGross_iI_maCzlzV_znyEGIqv3VNg" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Winery, tasting room buildings, and hospitality center</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">44,123,730</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">44,123,730</td><td style="text-align: left"> </td></tr> <tr id="xdx_40B_eus-gaap--MachineryAndEquipmentGross_iI_maCzlzV_zJpaXRVl8fc7" style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 1pt">Equipment</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">21,224,324</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">21,185,084</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_405_eus-gaap--PropertyPlantAndEquipmentGross_iTI_mtCzlzV_maCzIpI_zCiTQeBQn5p6" style="vertical-align: bottom; background-color: White"> <td><span style="display: none">Property and equipment, gross</span></td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">81,375,556</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">81,297,163</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_400_eus-gaap--AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment_iNI_di_msCzIpI_zbH3cDpN6N7e" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt">Accumulated depreciation</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(33,391,889</td><td style="padding-bottom: 1pt; text-align: left">)</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(31,892,164</td><td style="padding-bottom: 1pt; text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_402_eus-gaap--PropertyPlantAndEquipmentNet_iTI_mtCzIpI_zP6679DPHhSa" style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 2.5pt; text-align: left">Property and equipment, net</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">47,983,667</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">49,404,999</td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"></span></p> <p id="xdx_8A4_zHeDHq4Bd5m6" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Depreciation expense for the three months ended June 30, 2026 and 2025 was $<span id="xdx_90A_eus-gaap--Depreciation_c20260401__20260630_zNFh16CoYh54">749,899</span> and $<span id="xdx_904_eus-gaap--Depreciation_c20250401__20250630_zQeBbx5pWHEe">761,496</span>, respectively. Depreciation expense for the six months ended June 30, 2026 and 2025 was $<span id="xdx_903_eus-gaap--Depreciation_c20260101__20260630_zzyenfSMO84c">1,499,725</span> and $<span id="xdx_908_eus-gaap--Depreciation_c20250101__20250630_zRLP08uUnvT3">1,531,865</span>, respectively.</span></p> <p id="xdx_891_eus-gaap--PropertyPlantAndEquipmentTextBlock_zs9ONc0WFHc" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The Company’s property and equipment consists of the following, as of the dates shown:</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span id="xdx_8B6_zouwoVZOxBAc" style="display: none">Schedule of Inventories</span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"></span></p> <table cellpadding="0" cellspacing="0" id="xdx_30F_134_zyzO1d8sljb4" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - PROPERTY AND EQUIPMENT, NET (Details)"> <tr style="vertical-align: bottom"> <td> </td><td style="padding-bottom: 1pt"> </td> <td colspan="3" id="xdx_496_20260630_zjWk2RbMw5F7" style="border-bottom: Black 1pt solid; text-align: center">June 30, 2026</td><td style="padding-bottom: 1pt"> </td> <td colspan="3" id="xdx_491_20251231_zobWnaVQTwh7" style="border-bottom: Black 1pt solid; text-align: center">December 31, 2025</td></tr> <tr style="vertical-align: bottom"> <td> </td><td> </td> <td colspan="3"> </td><td> </td> <td colspan="3"> </td></tr> <tr id="xdx_405_eus-gaap--ConstructionInProgressGross_iI_maCzlzV_zjahkpiT1ME7" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 40%; text-align: left">Construction in progress</td><td style="width: 3%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 12%; text-align: right">684,828</td><td style="width: 1%; text-align: left"> </td><td style="width: 3%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 12%; text-align: right">645,675</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_40A_eus-gaap--LandAndLandImprovements_iI_maCzlzV_zLVti1VKv1e9" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Land, improvements, and other buildings</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">15,342,674</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">15,342,674</td><td style="text-align: left"> </td></tr> <tr id="xdx_406_eus-gaap--BuildingsAndImprovementsGross_iI_maCzlzV_znyEGIqv3VNg" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Winery, tasting room buildings, and hospitality center</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">44,123,730</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">44,123,730</td><td style="text-align: left"> </td></tr> <tr id="xdx_40B_eus-gaap--MachineryAndEquipmentGross_iI_maCzlzV_zJpaXRVl8fc7" style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 1pt">Equipment</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">21,224,324</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">21,185,084</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_405_eus-gaap--PropertyPlantAndEquipmentGross_iTI_mtCzlzV_maCzIpI_zCiTQeBQn5p6" style="vertical-align: bottom; background-color: White"> <td><span style="display: none">Property and equipment, gross</span></td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">81,375,556</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">81,297,163</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_400_eus-gaap--AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment_iNI_di_msCzIpI_zbH3cDpN6N7e" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt">Accumulated depreciation</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(33,391,889</td><td style="padding-bottom: 1pt; text-align: left">)</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(31,892,164</td><td style="padding-bottom: 1pt; text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_402_eus-gaap--PropertyPlantAndEquipmentNet_iTI_mtCzIpI_zP6679DPHhSa" style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 2.5pt; text-align: left">Property and equipment, net</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">47,983,667</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">49,404,999</td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"></span></p> 684828 645675 15342674 15342674 44123730 44123730 21224324 21185084 81375556 81297163 33391889 31892164 47983667 49404999 749899 761496 1499725 1531865 <p id="xdx_80D_eus-gaap--DebtDisclosureTextBlock_zT9x1fXgFmJh" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>4) <span id="xdx_828_zz1NSZfWsI9a">DEBT</span></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><i>Line of Credit Facility –</i> In December of 2005, the Company entered into a revolving line of credit agreement with Columbia Bank (the "Credit Agreement") that allows borrowing against eligible accounts receivable and inventories, as defined in the agreement. The revolving line bears interest at prime less 0.5% with a floor of 7.0%, is payable monthly, and is subject to renewal. In July 2026 the line of credit was renewed for $<span id="xdx_902_eus-gaap--LineOfCreditFacilityMaximumBorrowingCapacity_iI_c20260731_z3toeLKlVbZ7">4,000,000</span>. The Company had an outstanding line of credit balance of $<span id="xdx_90A_eus-gaap--LineOfCreditFacilityFairValueOfAmountOutstanding_iI_c20260630_zjWAzAYws7S6">634,842</span> at June 30, 2026, at an interest rate of 7.0%, and an outstanding line of credit balance of $<span id="xdx_902_eus-gaap--LineOfCreditFacilityFairValueOfAmountOutstanding_iI_c20251231_zLCHUjIhy6G8">3,140,140</span> at December 31, 2025, at an interest rate of 7.0%.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The Credit Agreement includes various covenants, which among other things, requires the Company to maintain minimum amounts of tangible net worth, debt-to-equity, and debt service coverage, as defined, and limits the level of acquisitions of property and equipment. <span style="background-color: white">As of December 31, 2025, the Company was out of compliance with a debt covenant. The Company has received a waiver from Columbia Bank waiving this violation until the next measurement date of December 31, 2026.</span></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i>Notes Payable –</i> In February 2017, the Company purchased property, including vineyard land, bare land, and structures in the Dundee Hills American Viticultural Area (AVA) under terms that included a 15 year note payable with quarterly payments of $42,534, bearing interest at 6%. The note may be called by the owner, up to the outstanding balance, with 180 days written notice. As of June 30, 2026, the Company had a balance of $<span id="xdx_90A_eus-gaap--NotesPayableCurrent_iI_c20260630_zMymRD5Ybu52">825,152</span> due on this note. As of December 31, 2025, the Company had a balance of $<span id="xdx_905_eus-gaap--NotesPayableCurrent_iI_c20251231_zDH9BESfHdJg">884,221</span> due on this note.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i>Long-Term Debt</i> – The Company has four long term debt agreements with AgWest with an aggregate outstanding balance of $<span id="xdx_906_eus-gaap--DebtInstrumentCarryingAmount_iI_c20260630_zCnpLwFjxe59">14,686,418</span> and $<span id="xdx_90F_eus-gaap--DebtInstrumentCarryingAmount_iI_c20251231_zuntJWufEJij">15,184,395</span> as of June 30, 2026 and December 31, 2025, respectively. The first two outstanding 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, respectively. These loans are collateralized against the property on the main estate in Salem. The third loan requires monthly principal and interest payments of $87,989 at an annual interest rate of 6.66%, and with a maturity date of 2039. The fourth loan allows borrowings up to $4,350,000 against property defined in the agreement. The line of credit bears interest at 7.10% and has a maturity date of April 1, 2027. The general purposes of these loans were to make capital improvements to the winery and vineyard facilities.</span></p> <p id="xdx_89F_eus-gaap--ScheduleOfMaturitiesOfLongTermDebtTableTextBlock_zd2Jz0inLhmk" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">As of June 30, 2026, future minimum principal payments of long-term debt are as follows for the years ending December 31:</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span id="xdx_8B8_zOeP9WHi9gqb" style="display: none">Schedule of Future Minimum Principal Payment for Long-Term Debt Maturities</span></p> <table cellpadding="0" cellspacing="0" id="xdx_305_134_zgyNkE8W4uvh" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 30%" summary="xdx: Disclosure - DEBT (Details)"> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left"></td><td style="text-align: left"></td><td></td> <td style="text-align: left"></td><td id="xdx_492_20260630_zL1065wGlJc2" style="text-align: right"></td><td style="text-align: left"></td></tr> <tr id="xdx_407_eus-gaap--LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths_iI_pp0p0_maDICAzk2S_z0LbnynNK2yb" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 52%; text-align: left">2026</td><td style="width: 2%; text-align: left"> </td><td style="width: 8%"> </td> <td style="width: 2%; text-align: left"> </td><td style="width: 34%; text-align: right">510,237</td><td style="width: 2%; text-align: left"> </td></tr> <tr id="xdx_403_eus-gaap--LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo_iI_pp0p0_maDICAzk2S_zqFEa9rbLxg8" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">2027</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">3,161,508</td><td style="text-align: left"> </td></tr> <tr id="xdx_403_eus-gaap--LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree_iI_pp0p0_maDICAzk2S_zUIO3W4smMBc" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">2028</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">1,130,789</td><td style="text-align: left"> </td></tr> <tr id="xdx_403_eus-gaap--LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour_iI_pp0p0_maDICAzk2S_zz2Jp3xPh0Xe" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">2029</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">1,007,284</td><td style="text-align: left"> </td></tr> <tr id="xdx_409_eus-gaap--LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive_iI_pp0p0_maDICAzk2S_zNZoDqxfgvdl" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">2030</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">1,068,928</td><td style="text-align: left"> </td></tr> <tr id="xdx_40D_eus-gaap--LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive_iI_pp0p0_maDICAzk2S_z3MIyBmO3vQe" style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 1pt; text-align: left">Thereafter</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">7,807,672</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_401_eus-gaap--DebtInstrumentCarryingAmount_iTI_pp0p0_mtDICAzk2S_zaMp9TuNifRa" style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 2.5pt; text-align: left"><span style="display: none">Total</span></td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">14,686,418</td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> </table> <p id="xdx_8A2_z3ILvDdqQUs4" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">As of June 30, 2026, the Company had unamortized debt issuance costs of $<span id="xdx_909_eus-gaap--UnamortizedDebtIssuanceExpense_iI_c20260630_zmmSwIzIePtb">149,342</span>. As of December 31, 2025, the Company had unamortized debt issuance costs of $<span id="xdx_904_eus-gaap--UnamortizedDebtIssuanceExpense_iI_c20251231_zlgddX4aIXF4">158,837</span>.</span></p> 4000000 634842 3140140 825152 884221 14686418 15184395 <p id="xdx_89F_eus-gaap--ScheduleOfMaturitiesOfLongTermDebtTableTextBlock_zd2Jz0inLhmk" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">As of June 30, 2026, future minimum principal payments of long-term debt are as follows for the years ending December 31:</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span id="xdx_8B8_zOeP9WHi9gqb" style="display: none">Schedule of Future Minimum Principal Payment for Long-Term Debt Maturities</span></p> <table cellpadding="0" cellspacing="0" id="xdx_305_134_zgyNkE8W4uvh" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 30%" summary="xdx: Disclosure - DEBT (Details)"> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left"></td><td style="text-align: left"></td><td></td> <td style="text-align: left"></td><td id="xdx_492_20260630_zL1065wGlJc2" style="text-align: right"></td><td style="text-align: left"></td></tr> <tr id="xdx_407_eus-gaap--LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths_iI_pp0p0_maDICAzk2S_z0LbnynNK2yb" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 52%; text-align: left">2026</td><td style="width: 2%; text-align: left"> </td><td style="width: 8%"> </td> <td style="width: 2%; text-align: left"> </td><td style="width: 34%; text-align: right">510,237</td><td style="width: 2%; text-align: left"> </td></tr> <tr id="xdx_403_eus-gaap--LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo_iI_pp0p0_maDICAzk2S_zqFEa9rbLxg8" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">2027</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">3,161,508</td><td style="text-align: left"> </td></tr> <tr id="xdx_403_eus-gaap--LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree_iI_pp0p0_maDICAzk2S_zUIO3W4smMBc" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">2028</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">1,130,789</td><td style="text-align: left"> </td></tr> <tr id="xdx_403_eus-gaap--LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour_iI_pp0p0_maDICAzk2S_zz2Jp3xPh0Xe" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">2029</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">1,007,284</td><td style="text-align: left"> </td></tr> <tr id="xdx_409_eus-gaap--LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive_iI_pp0p0_maDICAzk2S_zNZoDqxfgvdl" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">2030</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">1,068,928</td><td style="text-align: left"> </td></tr> <tr id="xdx_40D_eus-gaap--LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive_iI_pp0p0_maDICAzk2S_z3MIyBmO3vQe" style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 1pt; text-align: left">Thereafter</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">7,807,672</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_401_eus-gaap--DebtInstrumentCarryingAmount_iTI_pp0p0_mtDICAzk2S_zaMp9TuNifRa" style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 2.5pt; text-align: left"><span style="display: none">Total</span></td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">14,686,418</td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> </table> 510237 3161508 1130789 1007284 1068928 7807672 14686418 149342 158837 <p id="xdx_802_eus-gaap--InterestAndOtherIncomeTextBlock_z8C5uPcSjkog" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>5) <span id="xdx_82C_ziqQbaGcOz03">INTEREST AND TAXES PAID</span></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i>Income taxes</i> – The Company paid $<span id="xdx_90E_eus-gaap--IncomeTaxesPaid_c20260401__20260630_z1ICEOyxmok5">15,828</span> in income taxes for the three months ended June 30, 2026 and $<span id="xdx_900_eus-gaap--IncomeTaxesPaid_c20250401__20250630_zWcBet4eFS7g">45,000</span> in income taxes for the three months ended June 30, 2025. The Company paid $<span id="xdx_905_eus-gaap--IncomeTaxesPaid_c20260101__20260630_zJeRSD77c5Qe">15,828</span> in income taxes for the six months ended June 30, 2026 and $<span id="xdx_907_eus-gaap--IncomeTaxesPaid_c20250101__20250630_zzTA4X0MfPg2">45,000</span> in income taxes for the six months ended June 30, 2025.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i>Interest </i>– The Company paid $<span id="xdx_90A_eus-gaap--InterestPaid_c20260401__20260630_zMKecKdxk6Ba">287,136</span> and $<span id="xdx_90D_eus-gaap--InterestPaid_c20250401__20250630_zoHXiBB7JWQ8">267,696</span> for the three months ended June 30, 2026 and 2025, respectively, in interest on debt and the line of credit. The Company paid $<span id="xdx_908_eus-gaap--InterestPaid_c20260101__20260630_ze8JT9TnFQpi">487,928</span> and $<span id="xdx_905_eus-gaap--InterestPaid_c20250101__20250630_zDZUm5iIzBph">495,801</span> for the six months ended June 30, 2026 and 2025, respectively, in interest on debt and the line of credit.</span></p> 15828 45000 15828 45000 287136 267696 487928 495801 <p id="xdx_803_eus-gaap--SegmentReportingDisclosureTextBlock_zHmazFMvzJt3" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>6) <span id="xdx_82C_zcGr472YSfbj">SEGMENT REPORTING</span></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The Company has identified two operating segments, Direct Sales and Distributor Sales, based upon their different distribution channels, margins and selling strategies. Direct Sales include retail sales in the tasting rooms, wine club sales, internet sales, on-site events, kitchen and catering sales and other sales made directly to the consumer without the use of an intermediary, including sales of bulk wine or grapes. Distributor Sales include all sales through a third party where prices are given at a wholesale rate.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The two segments reflect how the Company’s operations are evaluated by senior management and the structure of its internal financial reporting. The Company evaluates performance based on the gross profit of the respective business segments. Selling expenses that can be directly attributable to the segment, including depreciation of segment specific assets, are included, however, centralized selling expenses and general and administrative expenses are not allocated between operating segments. Therefore, net income (loss) information for the respective segments is not available. Discrete financial information related to segment assets, other than segment specific depreciation associated with selling, is not available and that information continues to be aggregated.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p id="xdx_899_eus-gaap--ScheduleOfSegmentReportingInformationBySegmentTextBlock_zVuWT6xBBTG9" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The following table outlines the sales, cost of sales, gross profit, directly attributable selling expenses, and contribution margin of the segments for the three and six month periods ended June 30, 2026 and 2025. Sales figures are net of related excise taxes.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span id="xdx_8B6_zaazQNWhzDVf" style="display: none">Schedule of Segment reporting</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"></span></p> <table cellpadding="0" cellspacing="0" id="xdx_301_134_zvKXGou4rpk3" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - SEGMENT REPORTING (Details)"> <tr style="vertical-align: bottom"> <td style="text-indent: -8.65pt; padding-left: 8.65pt; white-space: nowrap; text-align: center"> </td><td> </td> <td colspan="2" id="xdx_49C_20260401__20260630__us-gaap--StatementBusinessSegmentsAxis__custom--DirectSalesMember_zEj18Hqewo3h" style="white-space: nowrap; text-align: center"> </td><td> </td><td> </td> <td colspan="2" id="xdx_49F_20250401__20250630__us-gaap--StatementBusinessSegmentsAxis__custom--DirectSalesMember_z0WsPRgGh6nd" style="white-space: nowrap; text-align: center"> </td><td> </td><td> </td> <td colspan="2" id="xdx_492_20260401__20260630__us-gaap--StatementBusinessSegmentsAxis__custom--DistributorSalesMember_zuoU2njvizNl" style="white-space: nowrap; text-align: center"> </td><td> </td><td> </td> <td colspan="2" id="xdx_49C_20250401__20250630__us-gaap--StatementBusinessSegmentsAxis__custom--DistributorSalesMember_zwQQu65SSo9h" style="white-space: nowrap; text-align: center"> </td><td> </td><td> </td> <td colspan="2" id="xdx_493_20260401__20260630__us-gaap--StatementBusinessSegmentsAxis__custom--UnallocatedMember_z5ihwLdI0I08" style="white-space: nowrap; text-align: center"> </td><td> </td><td> </td> <td colspan="2" id="xdx_49B_20250401__20250630__us-gaap--StatementBusinessSegmentsAxis__custom--UnallocatedMember_zqjGHUzEXDQ2" style="white-space: nowrap; text-align: center"> </td><td> </td><td> </td> <td colspan="2" id="xdx_491_20260401__20260630_zbOOrzEhiNV7" style="white-space: nowrap; text-align: center"> </td><td> </td><td> </td> <td colspan="2" id="xdx_49C_20250401__20250630_z9lp2xSJKAR7" style="white-space: nowrap; text-align: center"> </td><td> </td></tr> <tr style="vertical-align: bottom"> <td><span style="font-size: 8pt"> </span></td><td style="font-weight: 400; font-style: normal; padding-bottom: 1pt"><span style="font-size: 8pt"> </span></td> <td colspan="31" style="border-bottom: Black 1pt solid; font-weight: 400; font-style: normal; text-align: center"><span style="font-size: 8pt">Three Months Ended June 30,</span></td></tr> <tr style="vertical-align: bottom"> <td><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 1pt"><span style="font-size: 8pt"> </span></td> <td colspan="7" style="border-bottom: Black 1pt solid; text-align: center"><span style="font-size: 8pt">Direct Sales</span></td><td style="padding-bottom: 1pt"><span style="font-size: 8pt"> </span></td> <td colspan="7" style="border-bottom: Black 1pt solid; text-align: center"><span style="font-size: 8pt">Distributor Sales</span></td><td style="padding-bottom: 1pt"><span style="font-size: 8pt"> </span></td> <td colspan="7" style="border-bottom: Black 1pt solid; text-align: center"><span style="font-size: 8pt">Unallocated</span></td><td style="padding-bottom: 1pt"><span style="font-size: 8pt"> </span></td> <td colspan="7" style="border-bottom: Black 1pt solid; text-align: center"><span style="font-size: 8pt">Total</span></td></tr> <tr style="vertical-align: bottom"> <td><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 1pt"><span style="font-size: 8pt"> </span></td> <td colspan="3" style="border-bottom: Black 1pt solid; text-align: center"><span style="font-size: 8pt">2026</span></td><td style="padding-bottom: 1pt"><span style="font-size: 8pt"> </span></td> <td colspan="3" style="border-bottom: Black 1pt solid; text-align: center"><span style="font-size: 8pt">2025</span></td><td style="padding-bottom: 1pt"><span style="font-size: 8pt"> </span></td> <td colspan="3" style="border-bottom: Black 1pt solid; text-align: center"><span style="font-size: 8pt">2026</span></td><td style="padding-bottom: 1pt"><span style="font-size: 8pt"> </span></td> <td colspan="3" style="border-bottom: Black 1pt solid; text-align: center"><span style="font-size: 8pt">2025</span></td><td style="padding-bottom: 1pt"><span style="font-size: 8pt"> </span></td> <td colspan="3" style="border-bottom: Black 1pt solid; text-align: center"><span style="font-size: 8pt">2026</span></td><td style="padding-bottom: 1pt"><span style="font-size: 8pt"> </span></td> <td colspan="3" style="border-bottom: Black 1pt solid; text-align: center"><span style="font-size: 8pt">2025</span></td><td style="padding-bottom: 1pt"><span style="font-size: 8pt"> </span></td> <td colspan="3" style="border-bottom: Black 1pt solid; text-align: center"><span style="font-size: 8pt">2026</span></td><td style="padding-bottom: 1pt"><span style="font-size: 8pt"> </span></td> <td colspan="3" style="border-bottom: Black 1pt solid; text-align: center"><span style="font-size: 8pt">2025</span></td></tr> <tr style="vertical-align: bottom"> <td><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td> <td colspan="3"><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td> <td colspan="3"><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td> <td colspan="3"><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td> <td colspan="3"><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td> <td colspan="3"><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td> <td colspan="3"><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td> <td colspan="3"><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td> <td colspan="3"><span style="font-size: 8pt"> </span></td></tr> <tr id="xdx_406_eus-gaap--Revenues_zCpEDspmtZhj" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 28%; text-align: left"><span style="font-size: 8pt">Sales, net</span></td><td style="width: 2%"><span style="font-size: 8pt"> </span></td> <td style="width: 1%; text-align: left"><span style="font-size: 8pt">$</span></td><td style="width: 5%; text-align: right"><span style="font-size: 8pt">5,235,480</span></td><td style="width: 1%; text-align: left"><span style="font-size: 8pt"> </span></td><td style="width: 2%"><span style="font-size: 8pt"> </span></td> <td style="width: 1%; text-align: left"><span style="font-size: 8pt">$</span></td><td style="width: 5%; text-align: right"><span style="font-size: 8pt">5,497,973</span></td><td style="width: 1%; text-align: left"><span style="font-size: 8pt"> </span></td><td style="width: 2%"><span style="font-size: 8pt"> </span></td> <td style="width: 1%; text-align: left"><span style="font-size: 8pt">$</span></td><td style="width: 5%; text-align: right"><span style="font-size: 8pt">4,800,795</span></td><td style="width: 1%; text-align: left"><span style="font-size: 8pt"> </span></td><td style="width: 2%"><span style="font-size: 8pt"> </span></td> <td style="width: 1%; text-align: left"><span style="font-size: 8pt">$</span></td><td style="width: 5%; text-align: right"><span style="font-size: 8pt">4,697,790</span></td><td style="width: 1%; text-align: left"><span style="font-size: 8pt"> </span></td><td style="width: 2%"><span style="font-size: 8pt"> </span></td> <td style="width: 1%; text-align: left"><span style="font-size: 8pt">$</span></td><td style="width: 5%; text-align: right"><span style="font-size: 8pt"><span style="-sec-ix-hidden: xdx2ixbrl0624">-</span></span></td><td style="width: 1%; text-align: left"><span style="font-size: 8pt"> </span></td><td style="width: 2%"><span style="font-size: 8pt"> </span></td> <td style="width: 1%; text-align: left"><span style="font-size: 8pt">$</span></td><td style="width: 5%; text-align: right"><span style="font-size: 8pt"><span style="-sec-ix-hidden: xdx2ixbrl0625">-</span></span></td><td style="width: 1%; text-align: left"><span style="font-size: 8pt"> </span></td><td style="width: 2%"><span style="font-size: 8pt"> </span></td> <td style="width: 1%; text-align: left"><span style="font-size: 8pt">$</span></td><td style="width: 5%; text-align: right"><span style="font-size: 8pt">10,036,275</span></td><td style="width: 1%; text-align: left"><span style="font-size: 8pt"> </span></td><td style="width: 2%"><span style="font-size: 8pt"> </span></td> <td style="width: 1%; text-align: left"><span style="font-size: 8pt">$</span></td><td style="width: 5%; text-align: right"><span style="font-size: 8pt">10,195,763</span></td><td style="width: 1%; text-align: left"><span style="font-size: 8pt"> </span></td></tr> <tr id="xdx_40B_eus-gaap--CostOfRevenue_zGRUvhVmzqr" style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 1pt; padding-left: 10pt"><span style="font-size: 8pt">Cost of sales</span></td><td style="padding-bottom: 1pt"><span style="font-size: 8pt"> </span></td> <td style="border-bottom: Black 1pt solid; text-align: left"><span style="font-size: 8pt"> </span></td><td style="border-bottom: Black 1pt solid; text-align: right"><span style="font-size: 8pt">1,537,267</span></td><td style="padding-bottom: 1pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 1pt"><span style="font-size: 8pt"> </span></td> <td style="border-bottom: Black 1pt solid; text-align: left"><span style="font-size: 8pt"> </span></td><td style="border-bottom: Black 1pt solid; text-align: right"><span style="font-size: 8pt">1,451,868</span></td><td style="padding-bottom: 1pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 1pt"><span style="font-size: 8pt"> </span></td> <td style="border-bottom: Black 1pt solid; text-align: left"><span style="font-size: 8pt"> </span></td><td style="border-bottom: Black 1pt solid; text-align: right"><span style="font-size: 8pt">2,725,283</span></td><td style="padding-bottom: 1pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 1pt"><span style="font-size: 8pt"> </span></td> <td style="border-bottom: Black 1pt solid; text-align: left"><span style="font-size: 8pt"> </span></td><td style="border-bottom: Black 1pt solid; text-align: right"><span style="font-size: 8pt">2,527,277</span></td><td style="padding-bottom: 1pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 1pt"><span style="font-size: 8pt"> </span></td> <td style="padding-bottom: 1pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 1pt; text-align: right"><span style="font-size: 8pt"><span style="-sec-ix-hidden: xdx2ixbrl0633">-</span></span></td><td style="padding-bottom: 1pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 1pt"><span style="font-size: 8pt"> </span></td> <td style="padding-bottom: 1pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 1pt; text-align: right"><span style="font-size: 8pt"><span style="-sec-ix-hidden: xdx2ixbrl0634">-</span></span></td><td style="padding-bottom: 1pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 1pt"><span style="font-size: 8pt"> </span></td> <td style="border-bottom: Black 1pt solid; text-align: left"><span style="font-size: 8pt"> </span></td><td style="border-bottom: Black 1pt solid; text-align: right"><span style="font-size: 8pt">4,262,550</span></td><td style="padding-bottom: 1pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 1pt"><span style="font-size: 8pt"> </span></td> <td style="border-bottom: Black 1pt solid; text-align: left"><span style="font-size: 8pt"> </span></td><td style="border-bottom: Black 1pt solid; text-align: right"><span style="font-size: 8pt">3,979,145</span></td><td style="padding-bottom: 1pt; text-align: left"><span style="font-size: 8pt"> </span></td></tr> <tr id="xdx_40F_eus-gaap--GrossProfit_zEDopBX1GCE1" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left"><span style="font-size: 8pt">Gross profit</span></td><td><span style="font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-size: 8pt"> </span></td><td style="text-align: right"><span style="font-size: 8pt">3,698,213</span></td><td style="text-align: left"><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-size: 8pt"> </span></td><td style="text-align: right"><span style="font-size: 8pt">4,046,105</span></td><td style="text-align: left"><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-size: 8pt"> </span></td><td style="text-align: right"><span style="font-size: 8pt">2,075,512</span></td><td style="text-align: left"><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-size: 8pt"> </span></td><td style="text-align: right"><span style="font-size: 8pt">2,170,513</span></td><td style="text-align: left"><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-size: 8pt"> </span></td><td style="text-align: right"><span style="font-size: 8pt"><span style="-sec-ix-hidden: xdx2ixbrl0642">-</span></span></td><td style="text-align: left"><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-size: 8pt"> </span></td><td style="text-align: right"><span style="font-size: 8pt"><span style="-sec-ix-hidden: xdx2ixbrl0643">-</span></span></td><td style="text-align: left"><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-size: 8pt"> </span></td><td style="text-align: right"><span style="font-size: 8pt">5,773,725</span></td><td style="text-align: left"><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-size: 8pt"> </span></td><td style="text-align: right"><span style="font-size: 8pt">6,216,618</span></td><td style="text-align: left"><span style="font-size: 8pt"> </span></td></tr> <tr id="xdx_406_eus-gaap--SellingExpense_za6gYub9vgt" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt; padding-left: 10pt"><span style="font-size: 8pt">Selling expenses</span></td><td style="padding-bottom: 1pt"><span style="font-size: 8pt"> </span></td> <td style="border-bottom: Black 1pt solid; text-align: left"><span style="font-size: 8pt"> </span></td><td style="border-bottom: Black 1pt solid; text-align: right"><span style="font-size: 8pt">3,356,449</span></td><td style="padding-bottom: 1pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 1pt"><span style="font-size: 8pt"> </span></td> <td style="border-bottom: Black 1pt solid; text-align: left"><span style="font-size: 8pt"> </span></td><td style="border-bottom: Black 1pt solid; text-align: right"><span style="font-size: 8pt">3,255,050</span></td><td style="padding-bottom: 1pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 1pt"><span style="font-size: 8pt"> </span></td> <td style="border-bottom: Black 1pt solid; text-align: left"><span style="font-size: 8pt"> </span></td><td style="border-bottom: Black 1pt solid; text-align: right"><span style="font-size: 8pt">826,232</span></td><td style="padding-bottom: 1pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 1pt"><span style="font-size: 8pt"> </span></td> <td style="border-bottom: Black 1pt solid; text-align: left"><span style="font-size: 8pt"> </span></td><td style="border-bottom: Black 1pt solid; text-align: right"><span style="font-size: 8pt">653,604</span></td><td style="padding-bottom: 1pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 1pt"><span style="font-size: 8pt"> </span></td> <td style="padding-bottom: 1pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 1pt; text-align: right"><span style="font-size: 8pt">241,133</span></td><td style="padding-bottom: 1pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 1pt"><span style="font-size: 8pt"> </span></td> <td style="padding-bottom: 1pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 1pt; text-align: right"><span style="font-size: 8pt">284,981</span></td><td style="padding-bottom: 1pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 1pt"><span style="font-size: 8pt"> </span></td> <td style="padding-bottom: 1pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 1pt; text-align: right"><span style="font-size: 8pt">4,423,814</span></td><td style="padding-bottom: 1pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 1pt"><span style="font-size: 8pt"> </span></td> <td style="padding-bottom: 1pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 1pt; text-align: right"><span style="font-size: 8pt">4,193,635</span></td><td style="padding-bottom: 1pt; text-align: left"><span style="font-size: 8pt"> </span></td></tr> <tr id="xdx_407_eus-gaap--ProfitLoss_zoasaAvalzYi" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 2.5pt"><span style="font-size: 8pt">Contribution margin</span></td><td style="padding-bottom: 2.5pt"><span style="font-size: 8pt"> </span></td> <td style="border-bottom: Black 2.5pt double; text-align: left"><span style="font-size: 8pt">$</span></td><td style="border-bottom: Black 2.5pt double; text-align: right"><span style="font-size: 8pt">341,764</span></td><td style="padding-bottom: 2.5pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 2.5pt"><span style="font-size: 8pt"> </span></td> <td style="border-bottom: Black 2.5pt double; text-align: left"><span style="font-size: 8pt">$</span></td><td style="border-bottom: Black 2.5pt double; text-align: right"><span style="font-size: 8pt">791,055</span></td><td style="padding-bottom: 2.5pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 2.5pt"><span style="font-size: 8pt"> </span></td> <td style="border-bottom: Black 2.5pt double; text-align: left"><span style="font-size: 8pt">$</span></td><td style="border-bottom: Black 2.5pt double; text-align: right"><span style="font-size: 8pt">1,249,280</span></td><td style="padding-bottom: 2.5pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 2.5pt"><span style="font-size: 8pt"> </span></td> <td style="border-bottom: Black 2.5pt double; text-align: left"><span style="font-size: 8pt">$</span></td><td style="border-bottom: Black 2.5pt double; text-align: right"><span style="font-size: 8pt">1,516,909</span></td><td style="padding-bottom: 2.5pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 2.5pt"><span style="font-size: 8pt"> </span></td> <td style="padding-bottom: 2.5pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 2.5pt; text-align: right"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 2.5pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 2.5pt"><span style="font-size: 8pt"> </span></td> <td style="padding-bottom: 2.5pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 2.5pt; text-align: right"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 2.5pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 2.5pt"><span style="font-size: 8pt"> </span></td> <td style="padding-bottom: 2.5pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 2.5pt; text-align: right"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 2.5pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 2.5pt"><span style="font-size: 8pt"> </span></td> <td style="padding-bottom: 2.5pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 2.5pt; text-align: right"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 2.5pt; text-align: left"><span style="font-size: 8pt"> </span></td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left"><span style="font-size: 8pt">Percent of total sales</span></td><td><span style="font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-size: 8pt"> </span></td><td style="text-align: right"><span style="font-size: 8pt"><span id="xdx_908_eus-gaap--ConcentrationRiskPercentage1_pid_dp_c20260401__20260630__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--CustomerConcentrationRiskMember__us-gaap--ConcentrationRiskByBenchmarkAxis__us-gaap--SalesRevenueNetMember__us-gaap--StatementBusinessSegmentsAxis__custom--DirectSalesMember_zSd8jx9ImbQ">52.2</span></span></td><td style="text-align: left"><span style="font-size: 8pt">%</span></td><td><span style="font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-size: 8pt"> </span></td><td style="text-align: right"><span style="font-size: 8pt"><span id="xdx_904_eus-gaap--ConcentrationRiskPercentage1_pid_dp_c20250401__20250630__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--CustomerConcentrationRiskMember__us-gaap--ConcentrationRiskByBenchmarkAxis__us-gaap--SalesRevenueNetMember__us-gaap--StatementBusinessSegmentsAxis__custom--DirectSalesMember_zKzuz6O6jgFc">53.9</span></span></td><td style="text-align: left"><span style="font-size: 8pt">%</span></td><td><span style="font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-size: 8pt"> </span></td><td style="text-align: right"><span style="font-size: 8pt"><span id="xdx_90C_eus-gaap--ConcentrationRiskPercentage1_pid_dp_c20260401__20260630__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--CustomerConcentrationRiskMember__us-gaap--ConcentrationRiskByBenchmarkAxis__us-gaap--SalesRevenueNetMember__us-gaap--StatementBusinessSegmentsAxis__custom--DistributorSalesMember_zdVav9QwomV2">47.8</span></span></td><td style="text-align: left"><span style="font-size: 8pt">%</span></td><td><span style="font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-size: 8pt"> </span></td><td style="text-align: right"><span style="font-size: 8pt"><span id="xdx_90C_eus-gaap--ConcentrationRiskPercentage1_pid_dp_c20250401__20250630__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--CustomerConcentrationRiskMember__us-gaap--ConcentrationRiskByBenchmarkAxis__us-gaap--SalesRevenueNetMember__us-gaap--StatementBusinessSegmentsAxis__custom--DistributorSalesMember_zM7Bl3FD5mP4">46.1</span></span></td><td style="text-align: left"><span style="font-size: 8pt">%</span></td><td><span style="font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-size: 8pt"> </span></td><td style="text-align: right"><span style="font-size: 8pt"> </span></td><td style="text-align: left"><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-size: 8pt"> </span></td><td style="text-align: right"><span style="font-size: 8pt"> </span></td><td style="text-align: left"><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-size: 8pt"> </span></td><td style="text-align: right"><span style="font-size: 8pt"> </span></td><td style="text-align: left"><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-size: 8pt"> </span></td><td style="text-align: right"><span style="font-size: 8pt"> </span></td><td style="text-align: left"><span style="font-size: 8pt"> </span></td></tr> <tr id="xdx_406_eus-gaap--SellingGeneralAndAdministrativeExpense_zO9so2tzAfhl" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 1pt; padding-left: 10pt"><span style="font-size: 8pt">General and administration expenses</span></td><td style="padding-bottom: 1pt"><span style="font-size: 8pt"> </span></td> <td style="padding-bottom: 1pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 1pt; text-align: right"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 1pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 1pt"><span style="font-size: 8pt"> </span></td> <td style="padding-bottom: 1pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 1pt; text-align: right"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 1pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 1pt"><span style="font-size: 8pt"> </span></td> <td style="padding-bottom: 1pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 1pt; text-align: right"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 1pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 1pt"><span style="font-size: 8pt"> </span></td> <td style="padding-bottom: 1pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 1pt; text-align: right"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 1pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 1pt"><span style="font-size: 8pt"> </span></td> <td style="padding-bottom: 1pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 1pt; text-align: right"><span style="font-size: 8pt">2,703,880</span></td><td style="padding-bottom: 1pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 1pt"><span style="font-size: 8pt"> </span></td> <td style="padding-bottom: 1pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 1pt; text-align: right"><span style="font-size: 8pt">1,624,819</span></td><td style="padding-bottom: 1pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 1pt"><span style="font-size: 8pt"> </span></td> <td style="border-bottom: Black 1pt solid; text-align: left"><span style="font-size: 8pt"> </span></td><td style="border-bottom: Black 1pt solid; text-align: right"><span style="font-size: 8pt">2,703,880</span></td><td style="padding-bottom: 1pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 1pt"><span style="font-size: 8pt"> </span></td> <td style="border-bottom: Black 1pt solid; text-align: left"><span style="font-size: 8pt"> </span></td><td style="border-bottom: Black 1pt solid; text-align: right"><span style="font-size: 8pt">1,624,819</span></td><td style="padding-bottom: 1pt; text-align: left"><span style="font-size: 8pt"> </span></td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 2.5pt"><span style="font-size: 8pt">Income (loss) from operations</span></td><td style="padding-bottom: 2.5pt"><span style="font-size: 8pt"> </span></td> <td style="padding-bottom: 2.5pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 2.5pt; text-align: right"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 2.5pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 2.5pt"><span style="font-size: 8pt"> </span></td> <td style="padding-bottom: 2.5pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 2.5pt; text-align: right"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 2.5pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 2.5pt"><span style="font-size: 8pt"> </span></td> <td style="padding-bottom: 2.5pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 2.5pt; text-align: right"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 2.5pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 2.5pt"><span style="font-size: 8pt"> </span></td> <td style="padding-bottom: 2.5pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 2.5pt; text-align: right"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 2.5pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 2.5pt"><span style="font-size: 8pt"> </span></td> <td style="padding-bottom: 2.5pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 2.5pt; text-align: right"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 2.5pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 2.5pt"><span style="font-size: 8pt"> </span></td> <td style="padding-bottom: 2.5pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 2.5pt; text-align: right"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 2.5pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 2.5pt"><span style="font-size: 8pt"> </span></td> <td style="border-bottom: Black 2.5pt double; text-align: left"><span style="font-size: 8pt">$</span></td><td style="border-bottom: Black 2.5pt double; text-align: right"><span style="font-size: 8pt">(1,353,969</span></td><td style="padding-bottom: 2.5pt; text-align: left"><span style="font-size: 8pt">)</span></td><td style="padding-bottom: 2.5pt"><span style="font-size: 8pt"> </span></td> <td style="border-bottom: Black 2.5pt double; text-align: left"><span style="font-size: 8pt">$</span></td><td style="border-bottom: Black 2.5pt double; text-align: right"><span style="font-size: 8pt">398,164</span></td><td style="padding-bottom: 2.5pt; text-align: left"><span style="font-size: 8pt"> </span></td></tr> </table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="text-indent: -8.65pt; padding-left: 8.65pt; white-space: nowrap; text-align: center"> </td><td> </td> <td colspan="2" id="xdx_49C_20260101__20260630__us-gaap--StatementBusinessSegmentsAxis__custom--DirectSalesMember_zxs835W3uz12" style="white-space: nowrap; text-align: center"> </td><td> </td><td> </td> <td colspan="2" id="xdx_495_20250101__20250630__us-gaap--StatementBusinessSegmentsAxis__custom--DirectSalesMember_zMrIBJm5Tkna" style="white-space: nowrap; text-align: center"> </td><td> </td><td> </td> <td colspan="2" id="xdx_491_20260101__20260630__us-gaap--StatementBusinessSegmentsAxis__custom--DistributorSalesMember_zqrwkmadXkAa" style="white-space: nowrap; text-align: center"> </td><td> </td><td> </td> <td colspan="2" id="xdx_490_20250101__20250630__us-gaap--StatementBusinessSegmentsAxis__custom--DistributorSalesMember_zHHBCv1egFP2" style="white-space: nowrap; text-align: center"> </td><td> </td><td> </td> <td colspan="2" id="xdx_493_20260101__20260630__us-gaap--StatementBusinessSegmentsAxis__custom--UnallocatedMember_zREzFMDZHah2" style="white-space: nowrap; text-align: center"> </td><td> </td><td> </td> <td colspan="2" id="xdx_498_20250101__20250630__us-gaap--StatementBusinessSegmentsAxis__custom--UnallocatedMember_zlvWragHkRol" style="white-space: nowrap; text-align: center"> </td><td> </td><td> </td> <td colspan="2" id="xdx_497_20260101__20260630_zGiztReygkj6" style="white-space: nowrap; text-align: center"> </td><td> </td><td> </td> <td colspan="2" id="xdx_49F_20250101__20250630_z8GY95LmlBqh" style="white-space: nowrap; text-align: center"> </td><td> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 1pt"><span style="font-size: 8pt"> </span></td><td style="font-weight: 400; font-style: normal; padding-bottom: 1pt"><span style="font-size: 8pt"> </span></td> <td style="border-bottom: Black 1pt solid; font-weight: 400; font-style: normal; text-align: left"><span style="font-size: 8pt"> </span></td><td colspan="30" style="border-bottom: Black 1pt solid; font-weight: 400; font-style: normal; text-align: center"><span style="font-size: 8pt">Six <span style="font-family: Times New Roman, Times, Serif; font-style: normal; font-variant: normal; font-weight: 400">Months Ended June 30,</span></span></td></tr> <tr style="vertical-align: bottom"> <td style="padding-bottom: 1pt"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 1pt"><span style="font-size: 8pt"> </span></td> <td style="border-bottom: Black 1pt solid; text-align: left"><span style="font-size: 8pt"> </span></td><td colspan="5" style="border-bottom: Black 1pt solid; text-align: center"><span style="font-size: 8pt">Direct Sales</span></td><td style="padding-bottom: 1pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 1pt"><span style="font-size: 8pt"> </span></td> <td style="border-bottom: Black 1pt solid; text-align: left"><span style="font-size: 8pt"> </span></td><td colspan="5" style="border-bottom: Black 1pt solid; text-align: center"><span style="font-size: 8pt">Distributor Sales</span></td><td style="padding-bottom: 1pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 1pt"><span style="font-size: 8pt"> </span></td> <td style="border-bottom: Black 1pt solid; text-align: left"><span style="font-size: 8pt"> </span></td><td colspan="5" style="border-bottom: Black 1pt solid; text-align: center"><span style="font-size: 8pt">Unallocated</span></td><td style="padding-bottom: 1pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 1pt"><span style="font-size: 8pt"> </span></td> <td style="border-bottom: Black 1pt solid; text-align: left"><span style="font-size: 8pt"> </span></td><td colspan="5" style="border-bottom: Black 1pt solid; text-align: center"><span style="font-size: 8pt">Total</span></td><td style="padding-bottom: 1pt; text-align: left"><span style="font-size: 8pt"> </span></td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 1pt"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 1pt"><span style="font-size: 8pt"> </span></td> <td style="border-bottom: Black 1pt solid; text-align: left"><span style="font-size: 8pt"> </span></td><td style="border-bottom: Black 1pt solid; text-align: center"><span style="font-size: 8pt">2026</span></td><td style="padding-bottom: 1pt; text-align: center"><span style="font-size: 8pt"> </span></td><td style="text-align: center; padding-bottom: 1pt"><span style="font-size: 8pt"> </span></td> <td style="border-bottom: Black 1pt solid; text-align: center"><span style="font-size: 8pt"> </span></td><td style="border-bottom: Black 1pt solid; text-align: center"><span style="font-size: 8pt">2025</span></td><td style="padding-bottom: 1pt; text-align: center"><span style="font-size: 8pt"> </span></td><td style="text-align: center; padding-bottom: 1pt"><span style="font-size: 8pt"> </span></td> <td style="border-bottom: Black 1pt solid; text-align: center"><span style="font-size: 8pt"> </span></td><td style="border-bottom: Black 1pt solid; text-align: center"><span style="font-size: 8pt">2026</span></td><td style="padding-bottom: 1pt; text-align: center"><span style="font-size: 8pt"> </span></td><td style="text-align: center; padding-bottom: 1pt"><span style="font-size: 8pt"> </span></td> <td style="border-bottom: Black 1pt solid; text-align: center"><span style="font-size: 8pt"> </span></td><td style="border-bottom: Black 1pt solid; text-align: center"><span style="font-size: 8pt">2025</span></td><td style="padding-bottom: 1pt; text-align: center"><span style="font-size: 8pt"> </span></td><td style="text-align: center; padding-bottom: 1pt"><span style="font-size: 8pt"> </span></td> <td style="border-bottom: Black 1pt solid; text-align: center"><span style="font-size: 8pt"> </span></td><td style="border-bottom: Black 1pt solid; text-align: center"><span style="font-size: 8pt">2026</span></td><td style="padding-bottom: 1pt; text-align: center"><span style="font-size: 8pt"> </span></td><td style="text-align: center; padding-bottom: 1pt"><span style="font-size: 8pt"> </span></td> <td style="border-bottom: Black 1pt solid; text-align: center"><span style="font-size: 8pt"> </span></td><td style="border-bottom: Black 1pt solid; text-align: center"><span style="font-size: 8pt">2025</span></td><td style="padding-bottom: 1pt; text-align: center"><span style="font-size: 8pt"> </span></td><td style="text-align: center; padding-bottom: 1pt"><span style="font-size: 8pt"> </span></td> <td style="border-bottom: Black 1pt solid; text-align: center"><span style="font-size: 8pt"> </span></td><td style="border-bottom: Black 1pt solid; text-align: center"><span style="font-size: 8pt">2026</span></td><td style="padding-bottom: 1pt; text-align: center"><span style="font-size: 8pt"> </span></td><td style="text-align: center; padding-bottom: 1pt"><span style="font-size: 8pt"> </span></td> <td style="border-bottom: Black 1pt solid; text-align: center"><span style="font-size: 8pt"> </span></td><td style="border-bottom: Black 1pt solid; text-align: center"><span style="font-size: 8pt">2025</span></td><td style="padding-bottom: 1pt; text-align: left"><span style="font-size: 8pt"> </span></td></tr> <tr style="vertical-align: bottom"> <td><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-size: 8pt"> </span></td><td style="text-align: right"><span style="font-size: 8pt"> </span></td><td style="text-align: left"><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-size: 8pt"> </span></td><td style="text-align: right"><span style="font-size: 8pt"> </span></td><td style="text-align: left"><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-size: 8pt"> </span></td><td style="text-align: right"><span style="font-size: 8pt"> </span></td><td style="text-align: left"><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-size: 8pt"> </span></td><td style="text-align: right"><span style="font-size: 8pt"> </span></td><td style="text-align: left"><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-size: 8pt"> </span></td><td style="text-align: right"><span style="font-size: 8pt"> </span></td><td style="text-align: left"><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-size: 8pt"> </span></td><td style="text-align: right"><span style="font-size: 8pt"> </span></td><td style="text-align: left"><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-size: 8pt"> </span></td><td style="text-align: right"><span style="font-size: 8pt"> </span></td><td style="text-align: left"><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-size: 8pt"> </span></td><td style="text-align: right"><span style="font-size: 8pt"> </span></td><td style="text-align: left"><span style="font-size: 8pt"> </span></td></tr> <tr id="xdx_406_eus-gaap--Revenues_z7nDwXqG6SPk" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left"><span style="font-size: 8pt">Sales, net</span></td><td><span style="font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-size: 8pt">$</span></td><td style="text-align: right"><span style="font-size: 8pt">9,462,846</span></td><td style="text-align: left"><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-size: 8pt">$</span></td><td style="text-align: right"><span style="font-size: 8pt">9,808,448</span></td><td style="text-align: left"><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-size: 8pt">$</span></td><td style="text-align: right"><span style="font-size: 8pt">8,829,582</span></td><td style="text-align: left"><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-size: 8pt">$</span></td><td style="text-align: right"><span style="font-size: 8pt">7,928,898</span></td><td style="text-align: left"><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-size: 8pt">$</span></td><td style="text-align: right"><span style="font-size: 8pt"><span style="-sec-ix-hidden: xdx2ixbrl0682">-</span></span></td><td style="text-align: left"><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-size: 8pt">$</span></td><td style="text-align: right"><span style="font-size: 8pt"><span style="-sec-ix-hidden: xdx2ixbrl0683">-</span></span></td><td style="text-align: left"><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-size: 8pt">$</span></td><td style="text-align: right"><span style="font-size: 8pt">18,292,428</span></td><td style="text-align: left"><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-size: 8pt">$</span></td><td style="text-align: right"><span style="font-size: 8pt">17,737,346</span></td><td style="text-align: left"><span style="font-size: 8pt"> </span></td></tr> <tr id="xdx_40D_eus-gaap--CostOfRevenue_zKG8BgyfVPk8" style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 1pt; padding-left: 10pt"><span style="font-size: 8pt">Cost of sales</span></td><td style="padding-bottom: 1pt"><span style="font-size: 8pt"> </span></td> <td style="border-bottom: Black 1pt solid; text-align: left"><span style="font-size: 8pt"> </span></td><td style="border-bottom: Black 1pt solid; text-align: right"><span style="font-size: 8pt">2,765,556</span></td><td style="padding-bottom: 1pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 1pt"><span style="font-size: 8pt"> </span></td> <td style="border-bottom: Black 1pt solid; text-align: left"><span style="font-size: 8pt"> </span></td><td style="border-bottom: Black 1pt solid; text-align: right"><span style="font-size: 8pt">2,637,462</span></td><td style="padding-bottom: 1pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 1pt"><span style="font-size: 8pt"> </span></td> <td style="border-bottom: Black 1pt solid; text-align: left"><span style="font-size: 8pt"> </span></td><td style="border-bottom: Black 1pt solid; text-align: right"><span style="font-size: 8pt">4,724,083</span></td><td style="padding-bottom: 1pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 1pt"><span style="font-size: 8pt"> </span></td> <td style="border-bottom: Black 1pt solid; text-align: left"><span style="font-size: 8pt"> </span></td><td style="border-bottom: Black 1pt solid; text-align: right"><span style="font-size: 8pt">4,124,158</span></td><td style="padding-bottom: 1pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 1pt"><span style="font-size: 8pt"> </span></td> <td style="padding-bottom: 1pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 1pt; text-align: right"><span style="font-size: 8pt"><span style="-sec-ix-hidden: xdx2ixbrl0691">-</span></span></td><td style="padding-bottom: 1pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 1pt"><span style="font-size: 8pt"> </span></td> <td style="padding-bottom: 1pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 1pt; text-align: right"><span style="font-size: 8pt"><span style="-sec-ix-hidden: xdx2ixbrl0692">-</span></span></td><td style="padding-bottom: 1pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 1pt"><span style="font-size: 8pt"> </span></td> <td style="border-bottom: Black 1pt solid; text-align: left"><span style="font-size: 8pt"> </span></td><td style="border-bottom: Black 1pt solid; text-align: right"><span style="font-size: 8pt">7,489,639</span></td><td style="padding-bottom: 1pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 1pt"><span style="font-size: 8pt"> </span></td> <td style="border-bottom: Black 1pt solid; text-align: left"><span style="font-size: 8pt"> </span></td><td style="border-bottom: Black 1pt solid; text-align: right"><span style="font-size: 8pt">6,761,620</span></td><td style="padding-bottom: 1pt; text-align: left"><span style="font-size: 8pt"> </span></td></tr> <tr id="xdx_408_eus-gaap--GrossProfit_zyCWZYPMmgCh" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left"><span style="font-size: 8pt">Gross profit</span></td><td><span style="font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-size: 8pt"> </span></td><td style="text-align: right"><span style="font-size: 8pt">6,697,290</span></td><td style="text-align: left"><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-size: 8pt"> </span></td><td style="text-align: right"><span style="font-size: 8pt">7,170,986</span></td><td style="text-align: left"><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-size: 8pt"> </span></td><td style="text-align: right"><span style="font-size: 8pt">4,105,499</span></td><td style="text-align: left"><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-size: 8pt"> </span></td><td style="text-align: right"><span style="font-size: 8pt">3,804,740</span></td><td style="text-align: left"><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-size: 8pt"> </span></td><td style="text-align: right"><span style="font-size: 8pt"><span style="-sec-ix-hidden: xdx2ixbrl0700">-</span></span></td><td style="text-align: left"><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-size: 8pt"> </span></td><td style="text-align: right"><span style="font-size: 8pt"><span style="-sec-ix-hidden: xdx2ixbrl0701">-</span></span></td><td style="text-align: left"><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-size: 8pt"> </span></td><td style="text-align: right"><span style="font-size: 8pt">10,802,789</span></td><td style="text-align: left"><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-size: 8pt"> </span></td><td style="text-align: right"><span style="font-size: 8pt">10,975,726</span></td><td style="text-align: left"><span style="font-size: 8pt"> </span></td></tr> <tr id="xdx_406_eus-gaap--SellingExpense_z7ku7qlNJ0w1" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt; padding-left: 10pt"><span style="font-size: 8pt">Selling expenses</span></td><td style="padding-bottom: 1pt"><span style="font-size: 8pt"> </span></td> <td style="border-bottom: Black 1pt solid; text-align: left"><span style="font-size: 8pt"> </span></td><td style="border-bottom: Black 1pt solid; text-align: right"><span style="font-size: 8pt">6,435,164</span></td><td style="padding-bottom: 1pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 1pt"><span style="font-size: 8pt"> </span></td> <td style="border-bottom: Black 1pt solid; text-align: left"><span style="font-size: 8pt"> </span></td><td style="border-bottom: Black 1pt solid; text-align: right"><span style="font-size: 8pt">6,341,306</span></td><td style="padding-bottom: 1pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 1pt"><span style="font-size: 8pt"> </span></td> <td style="border-bottom: Black 1pt solid; text-align: left"><span style="font-size: 8pt"> </span></td><td style="border-bottom: Black 1pt solid; text-align: right"><span style="font-size: 8pt">1,569,179</span></td><td style="padding-bottom: 1pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 1pt"><span style="font-size: 8pt"> </span></td> <td style="border-bottom: Black 1pt solid; text-align: left"><span style="font-size: 8pt"> </span></td><td style="border-bottom: Black 1pt solid; text-align: right"><span style="font-size: 8pt">1,293,639</span></td><td style="padding-bottom: 1pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 1pt"><span style="font-size: 8pt"> </span></td> <td style="padding-bottom: 1pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 1pt; text-align: right"><span style="font-size: 8pt">503,315</span></td><td style="padding-bottom: 1pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 1pt"><span style="font-size: 8pt"> </span></td> <td style="padding-bottom: 1pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 1pt; text-align: right"><span style="font-size: 8pt">526,400</span></td><td style="padding-bottom: 1pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 1pt"><span style="font-size: 8pt"> </span></td> <td style="padding-bottom: 1pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 1pt; text-align: right"><span style="font-size: 8pt">8,507,658</span></td><td style="padding-bottom: 1pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 1pt"><span style="font-size: 8pt"> </span></td> <td style="padding-bottom: 1pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 1pt; text-align: right"><span style="font-size: 8pt">8,161,345</span></td><td style="padding-bottom: 1pt; text-align: left"><span style="font-size: 8pt"> </span></td></tr> <tr id="xdx_407_eus-gaap--ProfitLoss_zbXVpbPpqTWi" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 2.5pt"><span style="font-size: 8pt">Contribution margin</span></td><td style="padding-bottom: 2.5pt"><span style="font-size: 8pt"> </span></td> <td style="border-bottom: Black 2.5pt double; text-align: left"><span style="font-size: 8pt">$</span></td><td style="border-bottom: Black 2.5pt double; text-align: right"><span style="font-size: 8pt">262,126</span></td><td style="padding-bottom: 2.5pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 2.5pt"><span style="font-size: 8pt"> </span></td> <td style="border-bottom: Black 2.5pt double; text-align: left"><span style="font-size: 8pt">$</span></td><td style="border-bottom: Black 2.5pt double; text-align: right"><span style="font-size: 8pt">829,680</span></td><td style="padding-bottom: 2.5pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 2.5pt"><span style="font-size: 8pt"> </span></td> <td style="border-bottom: Black 2.5pt double; text-align: left"><span style="font-size: 8pt">$</span></td><td style="border-bottom: Black 2.5pt double; text-align: right"><span style="font-size: 8pt">2,536,320</span></td><td style="padding-bottom: 2.5pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 2.5pt"><span style="font-size: 8pt"> </span></td> <td style="border-bottom: Black 2.5pt double; text-align: left"><span style="font-size: 8pt">$</span></td><td style="border-bottom: Black 2.5pt double; text-align: right"><span style="font-size: 8pt">2,511,101</span></td><td style="padding-bottom: 2.5pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 2.5pt"><span style="font-size: 8pt"> </span></td> <td style="padding-bottom: 2.5pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 2.5pt; text-align: right"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 2.5pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 2.5pt"><span style="font-size: 8pt"> </span></td> <td style="padding-bottom: 2.5pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 2.5pt; text-align: right"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 2.5pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 2.5pt"><span style="font-size: 8pt"> </span></td> <td style="padding-bottom: 2.5pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 2.5pt; text-align: right"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 2.5pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 2.5pt"><span style="font-size: 8pt"> </span></td> <td style="padding-bottom: 2.5pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 2.5pt; text-align: right"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 2.5pt; text-align: left"><span style="font-size: 8pt"> </span></td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left"><span style="font-size: 8pt">Percent of total sales</span></td><td><span style="font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-size: 8pt"> </span></td><td style="text-align: right"><span style="font-size: 8pt"><span id="xdx_90E_eus-gaap--ConcentrationRiskPercentage1_pid_dp_c20260101__20260630__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--CustomerConcentrationRiskMember__us-gaap--ConcentrationRiskByBenchmarkAxis__us-gaap--SalesRevenueNetMember__us-gaap--StatementBusinessSegmentsAxis__custom--DirectSalesMember_zFkeT18ioczl">51.7</span></span></td><td style="text-align: left"><span style="font-size: 8pt">%</span></td><td><span style="font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-size: 8pt"> </span></td><td style="text-align: right"><span style="font-size: 8pt"><span id="xdx_90B_eus-gaap--ConcentrationRiskPercentage1_pid_dp_c20250101__20250630__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--CustomerConcentrationRiskMember__us-gaap--ConcentrationRiskByBenchmarkAxis__us-gaap--SalesRevenueNetMember__us-gaap--StatementBusinessSegmentsAxis__custom--DirectSalesMember_zJm4p5FN4moh">55.3</span></span></td><td style="text-align: left"><span style="font-size: 8pt">%</span></td><td><span style="font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-size: 8pt"> </span></td><td style="text-align: right"><span style="font-size: 8pt"><span id="xdx_90C_eus-gaap--ConcentrationRiskPercentage1_pid_dp_c20260101__20260630__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--CustomerConcentrationRiskMember__us-gaap--ConcentrationRiskByBenchmarkAxis__us-gaap--SalesRevenueNetMember__us-gaap--StatementBusinessSegmentsAxis__custom--DistributorSalesMember_zYDpdUKcQdE1">48.3</span></span></td><td style="text-align: left"><span style="font-size: 8pt">%</span></td><td><span style="font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-size: 8pt"> </span></td><td style="text-align: right"><span style="font-size: 8pt"><span id="xdx_902_eus-gaap--ConcentrationRiskPercentage1_pid_dp_c20250101__20250630__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--CustomerConcentrationRiskMember__us-gaap--ConcentrationRiskByBenchmarkAxis__us-gaap--SalesRevenueNetMember__us-gaap--StatementBusinessSegmentsAxis__custom--DistributorSalesMember_zuESn3eIryb7">44.7</span></span></td><td style="text-align: left"><span style="font-size: 8pt">%</span></td><td><span style="font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-size: 8pt"> </span></td><td style="text-align: right"><span style="font-size: 8pt"> </span></td><td style="text-align: left"><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-size: 8pt"> </span></td><td style="text-align: right"><span style="font-size: 8pt"> </span></td><td style="text-align: left"><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-size: 8pt"> </span></td><td style="text-align: right"><span style="font-size: 8pt"> </span></td><td style="text-align: left"><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-size: 8pt"> </span></td><td style="text-align: right"><span style="font-size: 8pt"> </span></td><td style="text-align: left"><span style="font-size: 8pt"> </span></td></tr> <tr id="xdx_40A_eus-gaap--SellingGeneralAndAdministrativeExpense_zWFbDCepWiO1" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 1pt; padding-left: 10pt"><span style="font-size: 8pt">General and administration expenses</span></td><td style="padding-bottom: 1pt"><span style="font-size: 8pt"> </span></td> <td style="padding-bottom: 1pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 1pt; text-align: right"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 1pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 1pt"><span style="font-size: 8pt"> </span></td> <td style="padding-bottom: 1pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 1pt; text-align: right"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 1pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 1pt"><span style="font-size: 8pt"> </span></td> <td style="padding-bottom: 1pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 1pt; text-align: right"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 1pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 1pt"><span style="font-size: 8pt"> </span></td> <td style="padding-bottom: 1pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 1pt; text-align: right"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 1pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 1pt"><span style="font-size: 8pt"> </span></td> <td style="padding-bottom: 1pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 1pt; text-align: right"><span style="font-size: 8pt">4,326,894</span></td><td style="padding-bottom: 1pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 1pt"><span style="font-size: 8pt"> </span></td> <td style="padding-bottom: 1pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 1pt; text-align: right"><span style="font-size: 8pt">3,286,195</span></td><td style="padding-bottom: 1pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 1pt"><span style="font-size: 8pt"> </span></td> <td style="border-bottom: Black 1pt solid; text-align: left"><span style="font-size: 8pt"> </span></td><td style="border-bottom: Black 1pt solid; text-align: right"><span style="font-size: 8pt">4,326,894</span></td><td style="padding-bottom: 1pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 1pt"><span style="font-size: 8pt"> </span></td> <td style="border-bottom: Black 1pt solid; text-align: left"><span style="font-size: 8pt"> </span></td><td style="border-bottom: Black 1pt solid; text-align: right"><span style="font-size: 8pt">3,286,195</span></td><td style="padding-bottom: 1pt; text-align: left"><span style="font-size: 8pt"> </span></td></tr> <tr id="xdx_40A_eus-gaap--OperatingIncomeLoss_zGm7qnr8k6C8" style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 2.5pt; text-align: left"><span style="font-size: 8pt">Loss from operations</span></td><td style="padding-bottom: 2.5pt"><span style="font-size: 8pt"> </span></td> <td style="padding-bottom: 2.5pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 2.5pt; text-align: right"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 2.5pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 2.5pt"><span style="font-size: 8pt"> </span></td> <td style="padding-bottom: 2.5pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 2.5pt; text-align: right"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 2.5pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 2.5pt"><span style="font-size: 8pt"> </span></td> <td style="padding-bottom: 2.5pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 2.5pt; text-align: right"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 2.5pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 2.5pt"><span style="font-size: 8pt"> </span></td> <td style="padding-bottom: 2.5pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 2.5pt; text-align: right"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 2.5pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 2.5pt"><span style="font-size: 8pt"> </span></td> <td style="padding-bottom: 2.5pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 2.5pt; text-align: right"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 2.5pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 2.5pt"><span style="font-size: 8pt"> </span></td> <td style="padding-bottom: 2.5pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 2.5pt; text-align: right"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 2.5pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 2.5pt"><span style="font-size: 8pt"> </span></td> <td style="border-bottom: Black 2.5pt double; text-align: left"><span style="font-size: 8pt">$</span></td><td style="border-bottom: Black 2.5pt double; text-align: right"><span style="font-size: 8pt">(2,031,763</span></td><td style="padding-bottom: 2.5pt; text-align: left"><span style="font-size: 8pt">)</span></td><td style="padding-bottom: 2.5pt"><span style="font-size: 8pt"> </span></td> <td style="border-bottom: Black 2.5pt double; text-align: left"><span style="font-size: 8pt">$</span></td><td style="border-bottom: Black 2.5pt double; text-align: right"><span style="font-size: 8pt">(471,814</span></td><td style="padding-bottom: 2.5pt; text-align: left"><span style="font-size: 8pt">)</span></td></tr> </table> <p id="xdx_8AC_z1jYYzrcQgJb" style="margin-top: 0; margin-bottom: 0"></p> <p id="xdx_899_eus-gaap--ScheduleOfSegmentReportingInformationBySegmentTextBlock_zVuWT6xBBTG9" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The following table outlines the sales, cost of sales, gross profit, directly attributable selling expenses, and contribution margin of the segments for the three and six month periods ended June 30, 2026 and 2025. Sales figures are net of related excise taxes.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span id="xdx_8B6_zaazQNWhzDVf" style="display: none">Schedule of Segment reporting</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"></span></p> <table cellpadding="0" cellspacing="0" id="xdx_301_134_zvKXGou4rpk3" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - SEGMENT REPORTING (Details)"> <tr style="vertical-align: bottom"> <td style="text-indent: -8.65pt; padding-left: 8.65pt; white-space: nowrap; text-align: center"> </td><td> </td> <td colspan="2" id="xdx_49C_20260401__20260630__us-gaap--StatementBusinessSegmentsAxis__custom--DirectSalesMember_zEj18Hqewo3h" style="white-space: nowrap; text-align: center"> </td><td> </td><td> </td> <td colspan="2" id="xdx_49F_20250401__20250630__us-gaap--StatementBusinessSegmentsAxis__custom--DirectSalesMember_z0WsPRgGh6nd" style="white-space: nowrap; text-align: center"> </td><td> </td><td> </td> <td colspan="2" id="xdx_492_20260401__20260630__us-gaap--StatementBusinessSegmentsAxis__custom--DistributorSalesMember_zuoU2njvizNl" style="white-space: nowrap; text-align: center"> </td><td> </td><td> </td> <td colspan="2" id="xdx_49C_20250401__20250630__us-gaap--StatementBusinessSegmentsAxis__custom--DistributorSalesMember_zwQQu65SSo9h" style="white-space: nowrap; text-align: center"> </td><td> </td><td> </td> <td colspan="2" id="xdx_493_20260401__20260630__us-gaap--StatementBusinessSegmentsAxis__custom--UnallocatedMember_z5ihwLdI0I08" style="white-space: nowrap; text-align: center"> </td><td> </td><td> </td> <td colspan="2" id="xdx_49B_20250401__20250630__us-gaap--StatementBusinessSegmentsAxis__custom--UnallocatedMember_zqjGHUzEXDQ2" style="white-space: nowrap; text-align: center"> </td><td> </td><td> </td> <td colspan="2" id="xdx_491_20260401__20260630_zbOOrzEhiNV7" style="white-space: nowrap; text-align: center"> </td><td> </td><td> </td> <td colspan="2" id="xdx_49C_20250401__20250630_z9lp2xSJKAR7" style="white-space: nowrap; text-align: center"> </td><td> </td></tr> <tr style="vertical-align: bottom"> <td><span style="font-size: 8pt"> </span></td><td style="font-weight: 400; font-style: normal; padding-bottom: 1pt"><span style="font-size: 8pt"> </span></td> <td colspan="31" style="border-bottom: Black 1pt solid; font-weight: 400; font-style: normal; text-align: center"><span style="font-size: 8pt">Three Months Ended June 30,</span></td></tr> <tr style="vertical-align: bottom"> <td><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 1pt"><span style="font-size: 8pt"> </span></td> <td colspan="7" style="border-bottom: Black 1pt solid; text-align: center"><span style="font-size: 8pt">Direct Sales</span></td><td style="padding-bottom: 1pt"><span style="font-size: 8pt"> </span></td> <td colspan="7" style="border-bottom: Black 1pt solid; text-align: center"><span style="font-size: 8pt">Distributor Sales</span></td><td style="padding-bottom: 1pt"><span style="font-size: 8pt"> </span></td> <td colspan="7" style="border-bottom: Black 1pt solid; text-align: center"><span style="font-size: 8pt">Unallocated</span></td><td style="padding-bottom: 1pt"><span style="font-size: 8pt"> </span></td> <td colspan="7" style="border-bottom: Black 1pt solid; text-align: center"><span style="font-size: 8pt">Total</span></td></tr> <tr style="vertical-align: bottom"> <td><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 1pt"><span style="font-size: 8pt"> </span></td> <td colspan="3" style="border-bottom: Black 1pt solid; text-align: center"><span style="font-size: 8pt">2026</span></td><td style="padding-bottom: 1pt"><span style="font-size: 8pt"> </span></td> <td colspan="3" style="border-bottom: Black 1pt solid; text-align: center"><span style="font-size: 8pt">2025</span></td><td style="padding-bottom: 1pt"><span style="font-size: 8pt"> </span></td> <td colspan="3" style="border-bottom: Black 1pt solid; text-align: center"><span style="font-size: 8pt">2026</span></td><td style="padding-bottom: 1pt"><span style="font-size: 8pt"> </span></td> <td colspan="3" style="border-bottom: Black 1pt solid; text-align: center"><span style="font-size: 8pt">2025</span></td><td style="padding-bottom: 1pt"><span style="font-size: 8pt"> </span></td> <td colspan="3" style="border-bottom: Black 1pt solid; text-align: center"><span style="font-size: 8pt">2026</span></td><td style="padding-bottom: 1pt"><span style="font-size: 8pt"> </span></td> <td colspan="3" style="border-bottom: Black 1pt solid; text-align: center"><span style="font-size: 8pt">2025</span></td><td style="padding-bottom: 1pt"><span style="font-size: 8pt"> </span></td> <td colspan="3" style="border-bottom: Black 1pt solid; text-align: center"><span style="font-size: 8pt">2026</span></td><td style="padding-bottom: 1pt"><span style="font-size: 8pt"> </span></td> <td colspan="3" style="border-bottom: Black 1pt solid; text-align: center"><span style="font-size: 8pt">2025</span></td></tr> <tr style="vertical-align: bottom"> <td><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td> <td colspan="3"><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td> <td colspan="3"><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td> <td colspan="3"><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td> <td colspan="3"><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td> <td colspan="3"><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td> <td colspan="3"><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td> <td colspan="3"><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td> <td colspan="3"><span style="font-size: 8pt"> </span></td></tr> <tr id="xdx_406_eus-gaap--Revenues_zCpEDspmtZhj" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 28%; text-align: left"><span style="font-size: 8pt">Sales, net</span></td><td style="width: 2%"><span style="font-size: 8pt"> </span></td> <td style="width: 1%; text-align: left"><span style="font-size: 8pt">$</span></td><td style="width: 5%; text-align: right"><span style="font-size: 8pt">5,235,480</span></td><td style="width: 1%; text-align: left"><span style="font-size: 8pt"> </span></td><td style="width: 2%"><span style="font-size: 8pt"> </span></td> <td style="width: 1%; text-align: left"><span style="font-size: 8pt">$</span></td><td style="width: 5%; text-align: right"><span style="font-size: 8pt">5,497,973</span></td><td style="width: 1%; text-align: left"><span style="font-size: 8pt"> </span></td><td style="width: 2%"><span style="font-size: 8pt"> </span></td> <td style="width: 1%; text-align: left"><span style="font-size: 8pt">$</span></td><td style="width: 5%; text-align: right"><span style="font-size: 8pt">4,800,795</span></td><td style="width: 1%; text-align: left"><span style="font-size: 8pt"> </span></td><td style="width: 2%"><span style="font-size: 8pt"> </span></td> <td style="width: 1%; text-align: left"><span style="font-size: 8pt">$</span></td><td style="width: 5%; text-align: right"><span style="font-size: 8pt">4,697,790</span></td><td style="width: 1%; text-align: left"><span style="font-size: 8pt"> </span></td><td style="width: 2%"><span style="font-size: 8pt"> </span></td> <td style="width: 1%; text-align: left"><span style="font-size: 8pt">$</span></td><td style="width: 5%; text-align: right"><span style="font-size: 8pt"><span style="-sec-ix-hidden: xdx2ixbrl0624">-</span></span></td><td style="width: 1%; text-align: left"><span style="font-size: 8pt"> </span></td><td style="width: 2%"><span style="font-size: 8pt"> </span></td> <td style="width: 1%; text-align: left"><span style="font-size: 8pt">$</span></td><td style="width: 5%; text-align: right"><span style="font-size: 8pt"><span style="-sec-ix-hidden: xdx2ixbrl0625">-</span></span></td><td style="width: 1%; text-align: left"><span style="font-size: 8pt"> </span></td><td style="width: 2%"><span style="font-size: 8pt"> </span></td> <td style="width: 1%; text-align: left"><span style="font-size: 8pt">$</span></td><td style="width: 5%; text-align: right"><span style="font-size: 8pt">10,036,275</span></td><td style="width: 1%; text-align: left"><span style="font-size: 8pt"> </span></td><td style="width: 2%"><span style="font-size: 8pt"> </span></td> <td style="width: 1%; text-align: left"><span style="font-size: 8pt">$</span></td><td style="width: 5%; text-align: right"><span style="font-size: 8pt">10,195,763</span></td><td style="width: 1%; text-align: left"><span style="font-size: 8pt"> </span></td></tr> <tr id="xdx_40B_eus-gaap--CostOfRevenue_zGRUvhVmzqr" style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 1pt; padding-left: 10pt"><span style="font-size: 8pt">Cost of sales</span></td><td style="padding-bottom: 1pt"><span style="font-size: 8pt"> </span></td> <td style="border-bottom: Black 1pt solid; text-align: left"><span style="font-size: 8pt"> </span></td><td style="border-bottom: Black 1pt solid; text-align: right"><span style="font-size: 8pt">1,537,267</span></td><td style="padding-bottom: 1pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 1pt"><span style="font-size: 8pt"> </span></td> <td style="border-bottom: Black 1pt solid; text-align: left"><span style="font-size: 8pt"> </span></td><td style="border-bottom: Black 1pt solid; text-align: right"><span style="font-size: 8pt">1,451,868</span></td><td style="padding-bottom: 1pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 1pt"><span style="font-size: 8pt"> </span></td> <td style="border-bottom: Black 1pt solid; text-align: left"><span style="font-size: 8pt"> </span></td><td style="border-bottom: Black 1pt solid; text-align: right"><span style="font-size: 8pt">2,725,283</span></td><td style="padding-bottom: 1pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 1pt"><span style="font-size: 8pt"> </span></td> <td style="border-bottom: Black 1pt solid; text-align: left"><span style="font-size: 8pt"> </span></td><td style="border-bottom: Black 1pt solid; text-align: right"><span style="font-size: 8pt">2,527,277</span></td><td style="padding-bottom: 1pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 1pt"><span style="font-size: 8pt"> </span></td> <td style="padding-bottom: 1pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 1pt; text-align: right"><span style="font-size: 8pt"><span style="-sec-ix-hidden: xdx2ixbrl0633">-</span></span></td><td style="padding-bottom: 1pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 1pt"><span style="font-size: 8pt"> </span></td> <td style="padding-bottom: 1pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 1pt; text-align: right"><span style="font-size: 8pt"><span style="-sec-ix-hidden: xdx2ixbrl0634">-</span></span></td><td style="padding-bottom: 1pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 1pt"><span style="font-size: 8pt"> </span></td> <td style="border-bottom: Black 1pt solid; text-align: left"><span style="font-size: 8pt"> </span></td><td style="border-bottom: Black 1pt solid; text-align: right"><span style="font-size: 8pt">4,262,550</span></td><td style="padding-bottom: 1pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 1pt"><span style="font-size: 8pt"> </span></td> <td style="border-bottom: Black 1pt solid; text-align: left"><span style="font-size: 8pt"> </span></td><td style="border-bottom: Black 1pt solid; text-align: right"><span style="font-size: 8pt">3,979,145</span></td><td style="padding-bottom: 1pt; text-align: left"><span style="font-size: 8pt"> </span></td></tr> <tr id="xdx_40F_eus-gaap--GrossProfit_zEDopBX1GCE1" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left"><span style="font-size: 8pt">Gross profit</span></td><td><span style="font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-size: 8pt"> </span></td><td style="text-align: right"><span style="font-size: 8pt">3,698,213</span></td><td style="text-align: left"><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-size: 8pt"> </span></td><td style="text-align: right"><span style="font-size: 8pt">4,046,105</span></td><td style="text-align: left"><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-size: 8pt"> </span></td><td style="text-align: right"><span style="font-size: 8pt">2,075,512</span></td><td style="text-align: left"><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-size: 8pt"> </span></td><td style="text-align: right"><span style="font-size: 8pt">2,170,513</span></td><td style="text-align: left"><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-size: 8pt"> </span></td><td style="text-align: right"><span style="font-size: 8pt"><span style="-sec-ix-hidden: xdx2ixbrl0642">-</span></span></td><td style="text-align: left"><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-size: 8pt"> </span></td><td style="text-align: right"><span style="font-size: 8pt"><span style="-sec-ix-hidden: xdx2ixbrl0643">-</span></span></td><td style="text-align: left"><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-size: 8pt"> </span></td><td style="text-align: right"><span style="font-size: 8pt">5,773,725</span></td><td style="text-align: left"><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-size: 8pt"> </span></td><td style="text-align: right"><span style="font-size: 8pt">6,216,618</span></td><td style="text-align: left"><span style="font-size: 8pt"> </span></td></tr> <tr id="xdx_406_eus-gaap--SellingExpense_za6gYub9vgt" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt; padding-left: 10pt"><span style="font-size: 8pt">Selling expenses</span></td><td style="padding-bottom: 1pt"><span style="font-size: 8pt"> </span></td> <td style="border-bottom: Black 1pt solid; text-align: left"><span style="font-size: 8pt"> </span></td><td style="border-bottom: Black 1pt solid; text-align: right"><span style="font-size: 8pt">3,356,449</span></td><td style="padding-bottom: 1pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 1pt"><span style="font-size: 8pt"> </span></td> <td style="border-bottom: Black 1pt solid; text-align: left"><span style="font-size: 8pt"> </span></td><td style="border-bottom: Black 1pt solid; text-align: right"><span style="font-size: 8pt">3,255,050</span></td><td style="padding-bottom: 1pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 1pt"><span style="font-size: 8pt"> </span></td> <td style="border-bottom: Black 1pt solid; text-align: left"><span style="font-size: 8pt"> </span></td><td style="border-bottom: Black 1pt solid; text-align: right"><span style="font-size: 8pt">826,232</span></td><td style="padding-bottom: 1pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 1pt"><span style="font-size: 8pt"> </span></td> <td style="border-bottom: Black 1pt solid; text-align: left"><span style="font-size: 8pt"> </span></td><td style="border-bottom: Black 1pt solid; text-align: right"><span style="font-size: 8pt">653,604</span></td><td style="padding-bottom: 1pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 1pt"><span style="font-size: 8pt"> </span></td> <td style="padding-bottom: 1pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 1pt; text-align: right"><span style="font-size: 8pt">241,133</span></td><td style="padding-bottom: 1pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 1pt"><span style="font-size: 8pt"> </span></td> <td style="padding-bottom: 1pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 1pt; text-align: right"><span style="font-size: 8pt">284,981</span></td><td style="padding-bottom: 1pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 1pt"><span style="font-size: 8pt"> </span></td> <td style="padding-bottom: 1pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 1pt; text-align: right"><span style="font-size: 8pt">4,423,814</span></td><td style="padding-bottom: 1pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 1pt"><span style="font-size: 8pt"> </span></td> <td style="padding-bottom: 1pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 1pt; text-align: right"><span style="font-size: 8pt">4,193,635</span></td><td style="padding-bottom: 1pt; text-align: left"><span style="font-size: 8pt"> </span></td></tr> <tr id="xdx_407_eus-gaap--ProfitLoss_zoasaAvalzYi" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 2.5pt"><span style="font-size: 8pt">Contribution margin</span></td><td style="padding-bottom: 2.5pt"><span style="font-size: 8pt"> </span></td> <td style="border-bottom: Black 2.5pt double; text-align: left"><span style="font-size: 8pt">$</span></td><td style="border-bottom: Black 2.5pt double; text-align: right"><span style="font-size: 8pt">341,764</span></td><td style="padding-bottom: 2.5pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 2.5pt"><span style="font-size: 8pt"> </span></td> <td style="border-bottom: Black 2.5pt double; text-align: left"><span style="font-size: 8pt">$</span></td><td style="border-bottom: Black 2.5pt double; text-align: right"><span style="font-size: 8pt">791,055</span></td><td style="padding-bottom: 2.5pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 2.5pt"><span style="font-size: 8pt"> </span></td> <td style="border-bottom: Black 2.5pt double; text-align: left"><span style="font-size: 8pt">$</span></td><td style="border-bottom: Black 2.5pt double; text-align: right"><span style="font-size: 8pt">1,249,280</span></td><td style="padding-bottom: 2.5pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 2.5pt"><span style="font-size: 8pt"> </span></td> <td style="border-bottom: Black 2.5pt double; text-align: left"><span style="font-size: 8pt">$</span></td><td style="border-bottom: Black 2.5pt double; text-align: right"><span style="font-size: 8pt">1,516,909</span></td><td style="padding-bottom: 2.5pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 2.5pt"><span style="font-size: 8pt"> </span></td> <td style="padding-bottom: 2.5pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 2.5pt; text-align: right"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 2.5pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 2.5pt"><span style="font-size: 8pt"> </span></td> <td style="padding-bottom: 2.5pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 2.5pt; text-align: right"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 2.5pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 2.5pt"><span style="font-size: 8pt"> </span></td> <td style="padding-bottom: 2.5pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 2.5pt; text-align: right"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 2.5pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 2.5pt"><span style="font-size: 8pt"> </span></td> <td style="padding-bottom: 2.5pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 2.5pt; text-align: right"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 2.5pt; text-align: left"><span style="font-size: 8pt"> </span></td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left"><span style="font-size: 8pt">Percent of total sales</span></td><td><span style="font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-size: 8pt"> </span></td><td style="text-align: right"><span style="font-size: 8pt"><span id="xdx_908_eus-gaap--ConcentrationRiskPercentage1_pid_dp_c20260401__20260630__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--CustomerConcentrationRiskMember__us-gaap--ConcentrationRiskByBenchmarkAxis__us-gaap--SalesRevenueNetMember__us-gaap--StatementBusinessSegmentsAxis__custom--DirectSalesMember_zSd8jx9ImbQ">52.2</span></span></td><td style="text-align: left"><span style="font-size: 8pt">%</span></td><td><span style="font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-size: 8pt"> </span></td><td style="text-align: right"><span style="font-size: 8pt"><span id="xdx_904_eus-gaap--ConcentrationRiskPercentage1_pid_dp_c20250401__20250630__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--CustomerConcentrationRiskMember__us-gaap--ConcentrationRiskByBenchmarkAxis__us-gaap--SalesRevenueNetMember__us-gaap--StatementBusinessSegmentsAxis__custom--DirectSalesMember_zKzuz6O6jgFc">53.9</span></span></td><td style="text-align: left"><span style="font-size: 8pt">%</span></td><td><span style="font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-size: 8pt"> </span></td><td style="text-align: right"><span style="font-size: 8pt"><span id="xdx_90C_eus-gaap--ConcentrationRiskPercentage1_pid_dp_c20260401__20260630__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--CustomerConcentrationRiskMember__us-gaap--ConcentrationRiskByBenchmarkAxis__us-gaap--SalesRevenueNetMember__us-gaap--StatementBusinessSegmentsAxis__custom--DistributorSalesMember_zdVav9QwomV2">47.8</span></span></td><td style="text-align: left"><span style="font-size: 8pt">%</span></td><td><span style="font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-size: 8pt"> </span></td><td style="text-align: right"><span style="font-size: 8pt"><span id="xdx_90C_eus-gaap--ConcentrationRiskPercentage1_pid_dp_c20250401__20250630__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--CustomerConcentrationRiskMember__us-gaap--ConcentrationRiskByBenchmarkAxis__us-gaap--SalesRevenueNetMember__us-gaap--StatementBusinessSegmentsAxis__custom--DistributorSalesMember_zM7Bl3FD5mP4">46.1</span></span></td><td style="text-align: left"><span style="font-size: 8pt">%</span></td><td><span style="font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-size: 8pt"> </span></td><td style="text-align: right"><span style="font-size: 8pt"> </span></td><td style="text-align: left"><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-size: 8pt"> </span></td><td style="text-align: right"><span style="font-size: 8pt"> </span></td><td style="text-align: left"><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-size: 8pt"> </span></td><td style="text-align: right"><span style="font-size: 8pt"> </span></td><td style="text-align: left"><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-size: 8pt"> </span></td><td style="text-align: right"><span style="font-size: 8pt"> </span></td><td style="text-align: left"><span style="font-size: 8pt"> </span></td></tr> <tr id="xdx_406_eus-gaap--SellingGeneralAndAdministrativeExpense_zO9so2tzAfhl" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 1pt; padding-left: 10pt"><span style="font-size: 8pt">General and administration expenses</span></td><td style="padding-bottom: 1pt"><span style="font-size: 8pt"> </span></td> <td style="padding-bottom: 1pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 1pt; text-align: right"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 1pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 1pt"><span style="font-size: 8pt"> </span></td> <td style="padding-bottom: 1pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 1pt; text-align: right"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 1pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 1pt"><span style="font-size: 8pt"> </span></td> <td style="padding-bottom: 1pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 1pt; text-align: right"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 1pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 1pt"><span style="font-size: 8pt"> </span></td> <td style="padding-bottom: 1pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 1pt; text-align: right"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 1pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 1pt"><span style="font-size: 8pt"> </span></td> <td style="padding-bottom: 1pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 1pt; text-align: right"><span style="font-size: 8pt">2,703,880</span></td><td style="padding-bottom: 1pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 1pt"><span style="font-size: 8pt"> </span></td> <td style="padding-bottom: 1pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 1pt; text-align: right"><span style="font-size: 8pt">1,624,819</span></td><td style="padding-bottom: 1pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 1pt"><span style="font-size: 8pt"> </span></td> <td style="border-bottom: Black 1pt solid; text-align: left"><span style="font-size: 8pt"> </span></td><td style="border-bottom: Black 1pt solid; text-align: right"><span style="font-size: 8pt">2,703,880</span></td><td style="padding-bottom: 1pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 1pt"><span style="font-size: 8pt"> </span></td> <td style="border-bottom: Black 1pt solid; text-align: left"><span style="font-size: 8pt"> </span></td><td style="border-bottom: Black 1pt solid; text-align: right"><span style="font-size: 8pt">1,624,819</span></td><td style="padding-bottom: 1pt; text-align: left"><span style="font-size: 8pt"> </span></td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 2.5pt"><span style="font-size: 8pt">Income (loss) from operations</span></td><td style="padding-bottom: 2.5pt"><span style="font-size: 8pt"> </span></td> <td style="padding-bottom: 2.5pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 2.5pt; text-align: right"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 2.5pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 2.5pt"><span style="font-size: 8pt"> </span></td> <td style="padding-bottom: 2.5pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 2.5pt; text-align: right"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 2.5pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 2.5pt"><span style="font-size: 8pt"> </span></td> <td style="padding-bottom: 2.5pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 2.5pt; text-align: right"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 2.5pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 2.5pt"><span style="font-size: 8pt"> </span></td> <td style="padding-bottom: 2.5pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 2.5pt; text-align: right"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 2.5pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 2.5pt"><span style="font-size: 8pt"> </span></td> <td style="padding-bottom: 2.5pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 2.5pt; text-align: right"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 2.5pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 2.5pt"><span style="font-size: 8pt"> </span></td> <td style="padding-bottom: 2.5pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 2.5pt; text-align: right"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 2.5pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 2.5pt"><span style="font-size: 8pt"> </span></td> <td style="border-bottom: Black 2.5pt double; text-align: left"><span style="font-size: 8pt">$</span></td><td style="border-bottom: Black 2.5pt double; text-align: right"><span style="font-size: 8pt">(1,353,969</span></td><td style="padding-bottom: 2.5pt; text-align: left"><span style="font-size: 8pt">)</span></td><td style="padding-bottom: 2.5pt"><span style="font-size: 8pt"> </span></td> <td style="border-bottom: Black 2.5pt double; text-align: left"><span style="font-size: 8pt">$</span></td><td style="border-bottom: Black 2.5pt double; text-align: right"><span style="font-size: 8pt">398,164</span></td><td style="padding-bottom: 2.5pt; text-align: left"><span style="font-size: 8pt"> </span></td></tr> </table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="text-indent: -8.65pt; padding-left: 8.65pt; white-space: nowrap; text-align: center"> </td><td> </td> <td colspan="2" id="xdx_49C_20260101__20260630__us-gaap--StatementBusinessSegmentsAxis__custom--DirectSalesMember_zxs835W3uz12" style="white-space: nowrap; text-align: center"> </td><td> </td><td> </td> <td colspan="2" id="xdx_495_20250101__20250630__us-gaap--StatementBusinessSegmentsAxis__custom--DirectSalesMember_zMrIBJm5Tkna" style="white-space: nowrap; text-align: center"> </td><td> </td><td> </td> <td colspan="2" id="xdx_491_20260101__20260630__us-gaap--StatementBusinessSegmentsAxis__custom--DistributorSalesMember_zqrwkmadXkAa" style="white-space: nowrap; text-align: center"> </td><td> </td><td> </td> <td colspan="2" id="xdx_490_20250101__20250630__us-gaap--StatementBusinessSegmentsAxis__custom--DistributorSalesMember_zHHBCv1egFP2" style="white-space: nowrap; text-align: center"> </td><td> </td><td> </td> <td colspan="2" id="xdx_493_20260101__20260630__us-gaap--StatementBusinessSegmentsAxis__custom--UnallocatedMember_zREzFMDZHah2" style="white-space: nowrap; text-align: center"> </td><td> </td><td> </td> <td colspan="2" id="xdx_498_20250101__20250630__us-gaap--StatementBusinessSegmentsAxis__custom--UnallocatedMember_zlvWragHkRol" style="white-space: nowrap; text-align: center"> </td><td> </td><td> </td> <td colspan="2" id="xdx_497_20260101__20260630_zGiztReygkj6" style="white-space: nowrap; text-align: center"> </td><td> </td><td> </td> <td colspan="2" id="xdx_49F_20250101__20250630_z8GY95LmlBqh" style="white-space: nowrap; text-align: center"> </td><td> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 1pt"><span style="font-size: 8pt"> </span></td><td style="font-weight: 400; font-style: normal; padding-bottom: 1pt"><span style="font-size: 8pt"> </span></td> <td style="border-bottom: Black 1pt solid; font-weight: 400; font-style: normal; text-align: left"><span style="font-size: 8pt"> </span></td><td colspan="30" style="border-bottom: Black 1pt solid; font-weight: 400; font-style: normal; text-align: center"><span style="font-size: 8pt">Six <span style="font-family: Times New Roman, Times, Serif; font-style: normal; font-variant: normal; font-weight: 400">Months Ended June 30,</span></span></td></tr> <tr style="vertical-align: bottom"> <td style="padding-bottom: 1pt"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 1pt"><span style="font-size: 8pt"> </span></td> <td style="border-bottom: Black 1pt solid; text-align: left"><span style="font-size: 8pt"> </span></td><td colspan="5" style="border-bottom: Black 1pt solid; text-align: center"><span style="font-size: 8pt">Direct Sales</span></td><td style="padding-bottom: 1pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 1pt"><span style="font-size: 8pt"> </span></td> <td style="border-bottom: Black 1pt solid; text-align: left"><span style="font-size: 8pt"> </span></td><td colspan="5" style="border-bottom: Black 1pt solid; text-align: center"><span style="font-size: 8pt">Distributor Sales</span></td><td style="padding-bottom: 1pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 1pt"><span style="font-size: 8pt"> </span></td> <td style="border-bottom: Black 1pt solid; text-align: left"><span style="font-size: 8pt"> </span></td><td colspan="5" style="border-bottom: Black 1pt solid; text-align: center"><span style="font-size: 8pt">Unallocated</span></td><td style="padding-bottom: 1pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 1pt"><span style="font-size: 8pt"> </span></td> <td style="border-bottom: Black 1pt solid; text-align: left"><span style="font-size: 8pt"> </span></td><td colspan="5" style="border-bottom: Black 1pt solid; text-align: center"><span style="font-size: 8pt">Total</span></td><td style="padding-bottom: 1pt; text-align: left"><span style="font-size: 8pt"> </span></td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 1pt"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 1pt"><span style="font-size: 8pt"> </span></td> <td style="border-bottom: Black 1pt solid; text-align: left"><span style="font-size: 8pt"> </span></td><td style="border-bottom: Black 1pt solid; text-align: center"><span style="font-size: 8pt">2026</span></td><td style="padding-bottom: 1pt; text-align: center"><span style="font-size: 8pt"> </span></td><td style="text-align: center; padding-bottom: 1pt"><span style="font-size: 8pt"> </span></td> <td style="border-bottom: Black 1pt solid; text-align: center"><span style="font-size: 8pt"> </span></td><td style="border-bottom: Black 1pt solid; text-align: center"><span style="font-size: 8pt">2025</span></td><td style="padding-bottom: 1pt; text-align: center"><span style="font-size: 8pt"> </span></td><td style="text-align: center; padding-bottom: 1pt"><span style="font-size: 8pt"> </span></td> <td style="border-bottom: Black 1pt solid; text-align: center"><span style="font-size: 8pt"> </span></td><td style="border-bottom: Black 1pt solid; text-align: center"><span style="font-size: 8pt">2026</span></td><td style="padding-bottom: 1pt; text-align: center"><span style="font-size: 8pt"> </span></td><td style="text-align: center; padding-bottom: 1pt"><span style="font-size: 8pt"> </span></td> <td style="border-bottom: Black 1pt solid; text-align: center"><span style="font-size: 8pt"> </span></td><td style="border-bottom: Black 1pt solid; text-align: center"><span style="font-size: 8pt">2025</span></td><td style="padding-bottom: 1pt; text-align: center"><span style="font-size: 8pt"> </span></td><td style="text-align: center; padding-bottom: 1pt"><span style="font-size: 8pt"> </span></td> <td style="border-bottom: Black 1pt solid; text-align: center"><span style="font-size: 8pt"> </span></td><td style="border-bottom: Black 1pt solid; text-align: center"><span style="font-size: 8pt">2026</span></td><td style="padding-bottom: 1pt; text-align: center"><span style="font-size: 8pt"> </span></td><td style="text-align: center; padding-bottom: 1pt"><span style="font-size: 8pt"> </span></td> <td style="border-bottom: Black 1pt solid; text-align: center"><span style="font-size: 8pt"> </span></td><td style="border-bottom: Black 1pt solid; text-align: center"><span style="font-size: 8pt">2025</span></td><td style="padding-bottom: 1pt; text-align: center"><span style="font-size: 8pt"> </span></td><td style="text-align: center; padding-bottom: 1pt"><span style="font-size: 8pt"> </span></td> <td style="border-bottom: Black 1pt solid; text-align: center"><span style="font-size: 8pt"> </span></td><td style="border-bottom: Black 1pt solid; text-align: center"><span style="font-size: 8pt">2026</span></td><td style="padding-bottom: 1pt; text-align: center"><span style="font-size: 8pt"> </span></td><td style="text-align: center; padding-bottom: 1pt"><span style="font-size: 8pt"> </span></td> <td style="border-bottom: Black 1pt solid; text-align: center"><span style="font-size: 8pt"> </span></td><td style="border-bottom: Black 1pt solid; text-align: center"><span style="font-size: 8pt">2025</span></td><td style="padding-bottom: 1pt; text-align: left"><span style="font-size: 8pt"> </span></td></tr> <tr style="vertical-align: bottom"> <td><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-size: 8pt"> </span></td><td style="text-align: right"><span style="font-size: 8pt"> </span></td><td style="text-align: left"><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-size: 8pt"> </span></td><td style="text-align: right"><span style="font-size: 8pt"> </span></td><td style="text-align: left"><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-size: 8pt"> </span></td><td style="text-align: right"><span style="font-size: 8pt"> </span></td><td style="text-align: left"><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-size: 8pt"> </span></td><td style="text-align: right"><span style="font-size: 8pt"> </span></td><td style="text-align: left"><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-size: 8pt"> </span></td><td style="text-align: right"><span style="font-size: 8pt"> </span></td><td style="text-align: left"><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-size: 8pt"> </span></td><td style="text-align: right"><span style="font-size: 8pt"> </span></td><td style="text-align: left"><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-size: 8pt"> </span></td><td style="text-align: right"><span style="font-size: 8pt"> </span></td><td style="text-align: left"><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-size: 8pt"> </span></td><td style="text-align: right"><span style="font-size: 8pt"> </span></td><td style="text-align: left"><span style="font-size: 8pt"> </span></td></tr> <tr id="xdx_406_eus-gaap--Revenues_z7nDwXqG6SPk" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left"><span style="font-size: 8pt">Sales, net</span></td><td><span style="font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-size: 8pt">$</span></td><td style="text-align: right"><span style="font-size: 8pt">9,462,846</span></td><td style="text-align: left"><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-size: 8pt">$</span></td><td style="text-align: right"><span style="font-size: 8pt">9,808,448</span></td><td style="text-align: left"><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-size: 8pt">$</span></td><td style="text-align: right"><span style="font-size: 8pt">8,829,582</span></td><td style="text-align: left"><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-size: 8pt">$</span></td><td style="text-align: right"><span style="font-size: 8pt">7,928,898</span></td><td style="text-align: left"><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-size: 8pt">$</span></td><td style="text-align: right"><span style="font-size: 8pt"><span style="-sec-ix-hidden: xdx2ixbrl0682">-</span></span></td><td style="text-align: left"><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-size: 8pt">$</span></td><td style="text-align: right"><span style="font-size: 8pt"><span style="-sec-ix-hidden: xdx2ixbrl0683">-</span></span></td><td style="text-align: left"><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-size: 8pt">$</span></td><td style="text-align: right"><span style="font-size: 8pt">18,292,428</span></td><td style="text-align: left"><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-size: 8pt">$</span></td><td style="text-align: right"><span style="font-size: 8pt">17,737,346</span></td><td style="text-align: left"><span style="font-size: 8pt"> </span></td></tr> <tr id="xdx_40D_eus-gaap--CostOfRevenue_zKG8BgyfVPk8" style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 1pt; padding-left: 10pt"><span style="font-size: 8pt">Cost of sales</span></td><td style="padding-bottom: 1pt"><span style="font-size: 8pt"> </span></td> <td style="border-bottom: Black 1pt solid; text-align: left"><span style="font-size: 8pt"> </span></td><td style="border-bottom: Black 1pt solid; text-align: right"><span style="font-size: 8pt">2,765,556</span></td><td style="padding-bottom: 1pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 1pt"><span style="font-size: 8pt"> </span></td> <td style="border-bottom: Black 1pt solid; text-align: left"><span style="font-size: 8pt"> </span></td><td style="border-bottom: Black 1pt solid; text-align: right"><span style="font-size: 8pt">2,637,462</span></td><td style="padding-bottom: 1pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 1pt"><span style="font-size: 8pt"> </span></td> <td style="border-bottom: Black 1pt solid; text-align: left"><span style="font-size: 8pt"> </span></td><td style="border-bottom: Black 1pt solid; text-align: right"><span style="font-size: 8pt">4,724,083</span></td><td style="padding-bottom: 1pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 1pt"><span style="font-size: 8pt"> </span></td> <td style="border-bottom: Black 1pt solid; text-align: left"><span style="font-size: 8pt"> </span></td><td style="border-bottom: Black 1pt solid; text-align: right"><span style="font-size: 8pt">4,124,158</span></td><td style="padding-bottom: 1pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 1pt"><span style="font-size: 8pt"> </span></td> <td style="padding-bottom: 1pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 1pt; text-align: right"><span style="font-size: 8pt"><span style="-sec-ix-hidden: xdx2ixbrl0691">-</span></span></td><td style="padding-bottom: 1pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 1pt"><span style="font-size: 8pt"> </span></td> <td style="padding-bottom: 1pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 1pt; text-align: right"><span style="font-size: 8pt"><span style="-sec-ix-hidden: xdx2ixbrl0692">-</span></span></td><td style="padding-bottom: 1pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 1pt"><span style="font-size: 8pt"> </span></td> <td style="border-bottom: Black 1pt solid; text-align: left"><span style="font-size: 8pt"> </span></td><td style="border-bottom: Black 1pt solid; text-align: right"><span style="font-size: 8pt">7,489,639</span></td><td style="padding-bottom: 1pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 1pt"><span style="font-size: 8pt"> </span></td> <td style="border-bottom: Black 1pt solid; text-align: left"><span style="font-size: 8pt"> </span></td><td style="border-bottom: Black 1pt solid; text-align: right"><span style="font-size: 8pt">6,761,620</span></td><td style="padding-bottom: 1pt; text-align: left"><span style="font-size: 8pt"> </span></td></tr> <tr id="xdx_408_eus-gaap--GrossProfit_zyCWZYPMmgCh" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left"><span style="font-size: 8pt">Gross profit</span></td><td><span style="font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-size: 8pt"> </span></td><td style="text-align: right"><span style="font-size: 8pt">6,697,290</span></td><td style="text-align: left"><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-size: 8pt"> </span></td><td style="text-align: right"><span style="font-size: 8pt">7,170,986</span></td><td style="text-align: left"><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-size: 8pt"> </span></td><td style="text-align: right"><span style="font-size: 8pt">4,105,499</span></td><td style="text-align: left"><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-size: 8pt"> </span></td><td style="text-align: right"><span style="font-size: 8pt">3,804,740</span></td><td style="text-align: left"><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-size: 8pt"> </span></td><td style="text-align: right"><span style="font-size: 8pt"><span style="-sec-ix-hidden: xdx2ixbrl0700">-</span></span></td><td style="text-align: left"><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-size: 8pt"> </span></td><td style="text-align: right"><span style="font-size: 8pt"><span style="-sec-ix-hidden: xdx2ixbrl0701">-</span></span></td><td style="text-align: left"><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-size: 8pt"> </span></td><td style="text-align: right"><span style="font-size: 8pt">10,802,789</span></td><td style="text-align: left"><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-size: 8pt"> </span></td><td style="text-align: right"><span style="font-size: 8pt">10,975,726</span></td><td style="text-align: left"><span style="font-size: 8pt"> </span></td></tr> <tr id="xdx_406_eus-gaap--SellingExpense_z7ku7qlNJ0w1" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt; padding-left: 10pt"><span style="font-size: 8pt">Selling expenses</span></td><td style="padding-bottom: 1pt"><span style="font-size: 8pt"> </span></td> <td style="border-bottom: Black 1pt solid; text-align: left"><span style="font-size: 8pt"> </span></td><td style="border-bottom: Black 1pt solid; text-align: right"><span style="font-size: 8pt">6,435,164</span></td><td style="padding-bottom: 1pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 1pt"><span style="font-size: 8pt"> </span></td> <td style="border-bottom: Black 1pt solid; text-align: left"><span style="font-size: 8pt"> </span></td><td style="border-bottom: Black 1pt solid; text-align: right"><span style="font-size: 8pt">6,341,306</span></td><td style="padding-bottom: 1pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 1pt"><span style="font-size: 8pt"> </span></td> <td style="border-bottom: Black 1pt solid; text-align: left"><span style="font-size: 8pt"> </span></td><td style="border-bottom: Black 1pt solid; text-align: right"><span style="font-size: 8pt">1,569,179</span></td><td style="padding-bottom: 1pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 1pt"><span style="font-size: 8pt"> </span></td> <td style="border-bottom: Black 1pt solid; text-align: left"><span style="font-size: 8pt"> </span></td><td style="border-bottom: Black 1pt solid; text-align: right"><span style="font-size: 8pt">1,293,639</span></td><td style="padding-bottom: 1pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 1pt"><span style="font-size: 8pt"> </span></td> <td style="padding-bottom: 1pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 1pt; text-align: right"><span style="font-size: 8pt">503,315</span></td><td style="padding-bottom: 1pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 1pt"><span style="font-size: 8pt"> </span></td> <td style="padding-bottom: 1pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 1pt; text-align: right"><span style="font-size: 8pt">526,400</span></td><td style="padding-bottom: 1pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 1pt"><span style="font-size: 8pt"> </span></td> <td style="padding-bottom: 1pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 1pt; text-align: right"><span style="font-size: 8pt">8,507,658</span></td><td style="padding-bottom: 1pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 1pt"><span style="font-size: 8pt"> </span></td> <td style="padding-bottom: 1pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 1pt; text-align: right"><span style="font-size: 8pt">8,161,345</span></td><td style="padding-bottom: 1pt; text-align: left"><span style="font-size: 8pt"> </span></td></tr> <tr id="xdx_407_eus-gaap--ProfitLoss_zbXVpbPpqTWi" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 2.5pt"><span style="font-size: 8pt">Contribution margin</span></td><td style="padding-bottom: 2.5pt"><span style="font-size: 8pt"> </span></td> <td style="border-bottom: Black 2.5pt double; text-align: left"><span style="font-size: 8pt">$</span></td><td style="border-bottom: Black 2.5pt double; text-align: right"><span style="font-size: 8pt">262,126</span></td><td style="padding-bottom: 2.5pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 2.5pt"><span style="font-size: 8pt"> </span></td> <td style="border-bottom: Black 2.5pt double; text-align: left"><span style="font-size: 8pt">$</span></td><td style="border-bottom: Black 2.5pt double; text-align: right"><span style="font-size: 8pt">829,680</span></td><td style="padding-bottom: 2.5pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 2.5pt"><span style="font-size: 8pt"> </span></td> <td style="border-bottom: Black 2.5pt double; text-align: left"><span style="font-size: 8pt">$</span></td><td style="border-bottom: Black 2.5pt double; text-align: right"><span style="font-size: 8pt">2,536,320</span></td><td style="padding-bottom: 2.5pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 2.5pt"><span style="font-size: 8pt"> </span></td> <td style="border-bottom: Black 2.5pt double; text-align: left"><span style="font-size: 8pt">$</span></td><td style="border-bottom: Black 2.5pt double; text-align: right"><span style="font-size: 8pt">2,511,101</span></td><td style="padding-bottom: 2.5pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 2.5pt"><span style="font-size: 8pt"> </span></td> <td style="padding-bottom: 2.5pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 2.5pt; text-align: right"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 2.5pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 2.5pt"><span style="font-size: 8pt"> </span></td> <td style="padding-bottom: 2.5pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 2.5pt; text-align: right"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 2.5pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 2.5pt"><span style="font-size: 8pt"> </span></td> <td style="padding-bottom: 2.5pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 2.5pt; text-align: right"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 2.5pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 2.5pt"><span style="font-size: 8pt"> </span></td> <td style="padding-bottom: 2.5pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 2.5pt; text-align: right"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 2.5pt; text-align: left"><span style="font-size: 8pt"> </span></td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left"><span style="font-size: 8pt">Percent of total sales</span></td><td><span style="font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-size: 8pt"> </span></td><td style="text-align: right"><span style="font-size: 8pt"><span id="xdx_90E_eus-gaap--ConcentrationRiskPercentage1_pid_dp_c20260101__20260630__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--CustomerConcentrationRiskMember__us-gaap--ConcentrationRiskByBenchmarkAxis__us-gaap--SalesRevenueNetMember__us-gaap--StatementBusinessSegmentsAxis__custom--DirectSalesMember_zFkeT18ioczl">51.7</span></span></td><td style="text-align: left"><span style="font-size: 8pt">%</span></td><td><span style="font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-size: 8pt"> </span></td><td style="text-align: right"><span style="font-size: 8pt"><span id="xdx_90B_eus-gaap--ConcentrationRiskPercentage1_pid_dp_c20250101__20250630__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--CustomerConcentrationRiskMember__us-gaap--ConcentrationRiskByBenchmarkAxis__us-gaap--SalesRevenueNetMember__us-gaap--StatementBusinessSegmentsAxis__custom--DirectSalesMember_zJm4p5FN4moh">55.3</span></span></td><td style="text-align: left"><span style="font-size: 8pt">%</span></td><td><span style="font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-size: 8pt"> </span></td><td style="text-align: right"><span style="font-size: 8pt"><span id="xdx_90C_eus-gaap--ConcentrationRiskPercentage1_pid_dp_c20260101__20260630__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--CustomerConcentrationRiskMember__us-gaap--ConcentrationRiskByBenchmarkAxis__us-gaap--SalesRevenueNetMember__us-gaap--StatementBusinessSegmentsAxis__custom--DistributorSalesMember_zYDpdUKcQdE1">48.3</span></span></td><td style="text-align: left"><span style="font-size: 8pt">%</span></td><td><span style="font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-size: 8pt"> </span></td><td style="text-align: right"><span style="font-size: 8pt"><span id="xdx_902_eus-gaap--ConcentrationRiskPercentage1_pid_dp_c20250101__20250630__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--CustomerConcentrationRiskMember__us-gaap--ConcentrationRiskByBenchmarkAxis__us-gaap--SalesRevenueNetMember__us-gaap--StatementBusinessSegmentsAxis__custom--DistributorSalesMember_zuESn3eIryb7">44.7</span></span></td><td style="text-align: left"><span style="font-size: 8pt">%</span></td><td><span style="font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-size: 8pt"> </span></td><td style="text-align: right"><span style="font-size: 8pt"> </span></td><td style="text-align: left"><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-size: 8pt"> </span></td><td style="text-align: right"><span style="font-size: 8pt"> </span></td><td style="text-align: left"><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-size: 8pt"> </span></td><td style="text-align: right"><span style="font-size: 8pt"> </span></td><td style="text-align: left"><span style="font-size: 8pt"> </span></td><td><span style="font-size: 8pt"> </span></td> <td style="text-align: left"><span style="font-size: 8pt"> </span></td><td style="text-align: right"><span style="font-size: 8pt"> </span></td><td style="text-align: left"><span style="font-size: 8pt"> </span></td></tr> <tr id="xdx_40A_eus-gaap--SellingGeneralAndAdministrativeExpense_zWFbDCepWiO1" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 1pt; padding-left: 10pt"><span style="font-size: 8pt">General and administration expenses</span></td><td style="padding-bottom: 1pt"><span style="font-size: 8pt"> </span></td> <td style="padding-bottom: 1pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 1pt; text-align: right"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 1pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 1pt"><span style="font-size: 8pt"> </span></td> <td style="padding-bottom: 1pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 1pt; text-align: right"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 1pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 1pt"><span style="font-size: 8pt"> </span></td> <td style="padding-bottom: 1pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 1pt; text-align: right"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 1pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 1pt"><span style="font-size: 8pt"> </span></td> <td style="padding-bottom: 1pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 1pt; text-align: right"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 1pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 1pt"><span style="font-size: 8pt"> </span></td> <td style="padding-bottom: 1pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 1pt; text-align: right"><span style="font-size: 8pt">4,326,894</span></td><td style="padding-bottom: 1pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 1pt"><span style="font-size: 8pt"> </span></td> <td style="padding-bottom: 1pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 1pt; text-align: right"><span style="font-size: 8pt">3,286,195</span></td><td style="padding-bottom: 1pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 1pt"><span style="font-size: 8pt"> </span></td> <td style="border-bottom: Black 1pt solid; text-align: left"><span style="font-size: 8pt"> </span></td><td style="border-bottom: Black 1pt solid; text-align: right"><span style="font-size: 8pt">4,326,894</span></td><td style="padding-bottom: 1pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 1pt"><span style="font-size: 8pt"> </span></td> <td style="border-bottom: Black 1pt solid; text-align: left"><span style="font-size: 8pt"> </span></td><td style="border-bottom: Black 1pt solid; text-align: right"><span style="font-size: 8pt">3,286,195</span></td><td style="padding-bottom: 1pt; text-align: left"><span style="font-size: 8pt"> </span></td></tr> <tr id="xdx_40A_eus-gaap--OperatingIncomeLoss_zGm7qnr8k6C8" style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 2.5pt; text-align: left"><span style="font-size: 8pt">Loss from operations</span></td><td style="padding-bottom: 2.5pt"><span style="font-size: 8pt"> </span></td> <td style="padding-bottom: 2.5pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 2.5pt; text-align: right"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 2.5pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 2.5pt"><span style="font-size: 8pt"> </span></td> <td style="padding-bottom: 2.5pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 2.5pt; text-align: right"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 2.5pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 2.5pt"><span style="font-size: 8pt"> </span></td> <td style="padding-bottom: 2.5pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 2.5pt; text-align: right"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 2.5pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 2.5pt"><span style="font-size: 8pt"> </span></td> <td style="padding-bottom: 2.5pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 2.5pt; text-align: right"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 2.5pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 2.5pt"><span style="font-size: 8pt"> </span></td> <td style="padding-bottom: 2.5pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 2.5pt; text-align: right"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 2.5pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 2.5pt"><span style="font-size: 8pt"> </span></td> <td style="padding-bottom: 2.5pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 2.5pt; text-align: right"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 2.5pt; text-align: left"><span style="font-size: 8pt"> </span></td><td style="padding-bottom: 2.5pt"><span style="font-size: 8pt"> </span></td> <td style="border-bottom: Black 2.5pt double; text-align: left"><span style="font-size: 8pt">$</span></td><td style="border-bottom: Black 2.5pt double; text-align: right"><span style="font-size: 8pt">(2,031,763</span></td><td style="padding-bottom: 2.5pt; text-align: left"><span style="font-size: 8pt">)</span></td><td style="padding-bottom: 2.5pt"><span style="font-size: 8pt"> </span></td> <td style="border-bottom: Black 2.5pt double; text-align: left"><span style="font-size: 8pt">$</span></td><td style="border-bottom: Black 2.5pt double; text-align: right"><span style="font-size: 8pt">(471,814</span></td><td style="padding-bottom: 2.5pt; text-align: left"><span style="font-size: 8pt">)</span></td></tr> </table> 5235480 5497973 4800795 4697790 10036275 10195763 1537267 1451868 2725283 2527277 4262550 3979145 3698213 4046105 2075512 2170513 5773725 6216618 3356449 3255050 826232 653604 241133 284981 4423814 4193635 341764 791055 1249280 1516909 0.522 0.539 0.478 0.461 2703880 1624819 2703880 1624819 9462846 9808448 8829582 7928898 18292428 17737346 2765556 2637462 4724083 4124158 7489639 6761620 6697290 7170986 4105499 3804740 10802789 10975726 6435164 6341306 1569179 1293639 503315 526400 8507658 8161345 262126 829680 2536320 2511101 0.517 0.553 0.483 0.447 4326894 3286195 4326894 3286195 -2031763 -471814 <p id="xdx_80D_eus-gaap--PreferredStockTextBlock_zDNprgGVofWk" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>7) <span id="xdx_820_zTCosgFZXPTb">SALE OF PREFERRED STOCK</span></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">On July 1, 2022, the Company filed a shelf Registration Statement on Form S-3 (the “July 2022 Form S-3”) with the United States Securities and Exchange Commission (the “SEC”) pertaining to the potential future issuance of one or more classes or series of debt, equity, or derivative securities. The maximum aggregate offering amount of securities sold pursuant to the July 2022 Form S-3 is not to exceed $20,000,000. From August 1, 2022 to November 1, 2022 the Company filed with the SEC four Prospectus Supplements to the July 2022 Form S-3, pursuant to which the Company proposed to offer and sell, on a delayed or continuous basis, up to an aggregate of 1,076,578 shares of Series A Redeemable Preferred Stock having proceeds not to exceed an aggregate of $5,636,714. Each of these Prospectus Supplements established that our shares of preferred stock were to be sold in one to three offering periods offering prices including $5.15 per share, $5.25 per share and $5.35 per share. Net proceeds of $3,558,807 have been received under these offerings as of June 30, 2026 for the issuance of Preferred Stock.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">On June 30, 2023, the Company filed with the SEC a Prospectus Supplement to the July 2022 Form S-3, pursuant to which the Company proposed to offer and sell, on a delayed or continuous basis, up to 727,835 shares of Series A Redeemable Preferred Stock having proceeds not to exceed $3,530,000. This Prospectus Supplement established that our shares of preferred stock were to be sold in two offering periods with two separate offering prices beginning with an offering price of $4.85 per share and concluding with an offering of $5.35 per share. On October 27, 2023, the Company filed with the SEC a Prospectus Supplement to the July 2022 Form S-3, pursuant to which the Company proposed to offer and sell, on a delayed or continuous basis, up to 288,659 shares of Series A Redeemable Preferred Stock having proceeds not to exceed $1,400,000. This Prospectus Supplement established that our shares of preferred stock were to be sold in one offering period with an offering price of $4.85 per share. Net proceeds of $3,938,066 have been received under these offerings as of June 30, 2026 for the issuance of Preferred Stock.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">On June 17, 2025, the Company filed a shelf Registration Statement on Form S-3 (the “June 2025 Form S-3”) with the United States Securities and Exchange Commission (the “SEC”) pertaining to the potential future issuance of one or more classes or series of debt, equity, or derivative securities. The maximum aggregate offering amount of securities sold pursuant to the June 2025 Form S-3 is not to exceed $20,000,000. On July 3, 2025, the Company filed with the SEC a Prospectus Supplement to the June 2025 Form S-3, pursuant to which the Company proposed to offer and sell, on a delayed or continuous basis, up to 1,343,284 shares of Series A Redeemable Preferred Stock having proceeds not to exceed $4,500,000. Net proceeds of $2,142,588 have been received under this offering as of June 30, 2026 for the issuance of Preferred Stock. On June 26, 2026, the Company filed with the SEC a Prospectus Supplement to the June 2025 Form S-3, pursuant to which the Company proposed to offer and sell, on a delayed or continuous basis, up to 555,555 shares of Series A Redeemable Preferred Stock having proceeds not to exceed $1,750,000. No net proceeds have been received under this offering as of June 30, 2026.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Shareholders have the option to receive dividends as cash or as a gift card for purchasing Company products. The amount of unused dividend gift cards at June 30, 2026 and December 31, 2025 was $1,635,557 and $2,031,377, respectively, and is recorded as unearned revenue on the balance sheets. Revenue from gift cards is recognized when the gift card is redeemed by a customer. When the likelihood of a gift card being redeemed by a customer is determined to be remote and the Company expects to be entitled to the breakage, then the value of the unredeemed gift card is recognized as revenue. We determine the gift card breakage rate based upon Company-specific historical redemption patterns. To date we have determined that no breakage should be recognized related to our gift cards.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Dividends accrued but not paid will be added to the liquidation preference of the stock until the dividend is declared and paid. At any time after June 1, 2021, the Company has the option, but not the obligation, to redeem all of the outstanding preferred stock in an amount equal to the original issue price plus accrued but unpaid dividends and a redemption premium equal to 3% of the original issue price.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"></span></p> <p id="xdx_806_ecustom--StockIncentivePlanTextBlock_zAjjYGJbwNp4" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>8) <span id="xdx_829_zyZXK1EX8crg">STOCK INCENTIVE PLAN</span></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The Willamette Valley Vineyards, Inc. 2025 Omnibus Equity Incentive Plan (“2025 Plan”) was adopted by the Company’s board of directors on May 27, 2025, and was approved by the Company’s shareholders on July 12, 2025. The 2025 Plan provides for the grant of incentive stock options, non-statutory stock options, share appreciation rights, restricted shares, restricted share units, other share-based awards or any combination of the foregoing to selected employees, directors and independent contractors of the Company. The Company filed on November 12, 2025 a registration statement Form S-8 to register under the U.S. Securities Act of 1933, as amended, the Company’s shares of common stock to be issued pursuant to awards granted under the 2025 Plan.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">During the six months ended June 30, 2026, the Company granted no awards under the 2025 Plan. As of June 30, 2026, 15,000 shares of the Company’s common stock had been issued under the 2025 Plan and an additional 270,000 shares of the Company’s common stock were issuable pursuant to outstanding awards granted under the 2025 Plan.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="color: #222222">The </span>Company recognized $21,035 in stock-based compensation expense during the three months ended June 30, 2026 related to the 2025 Plan and no stock-based compensation expense during the three months ended June 30, 2025.  </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The Company recognized $42,070 in stock-based compensation expense during the six months ended June 30, 2026 related to the 2025 Plan and no stock-based compensation expense during the six months ended June 30, 2025. </span></p> <p id="xdx_808_eus-gaap--LesseeOperatingLeasesTextBlock_z1sZO8jni4Vk" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>9) <span id="xdx_824_zuGSNwsq7bX9">LEASES</span></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">We determine if an arrangement is a lease at inception. On our condensed balance sheets, our operating leases are included in Operating lease right-of-use assets (ROU), Current portion of lease liabilities, and Lease liabilities, net of current portion. The Company does not currently have any finance leases.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">ROU assets represent our right to use an underlying asset for the lease term and lease liabilities represent our obligation to make lease payments arising from the lease. Operating lease ROU assets and liabilities are recognized at the commencement date based on the present value of lease payments over the lease term. For leases that do not provide an implicit rate, we use our incremental borrowing rate based on the information available at commencement date in determining the present value of lease payments. We use the implicit rate when readily determinable. Lease expense for operating lease payments is recognized on a straight-line basis over the lease term.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Significant judgment may be required when determining whether a contract contains a lease, the length of the lease term, the allocation of the consideration in a contract between lease and non-lease components, and the determination of the discount rate included in our leases. We review the underlying objective of each contract, the terms of the contract, and consider our current and future business conditions when making these judgments.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Operating leases – Vineyard</b> - <span id="xdx_90E_eus-gaap--SaleLeasebackTransactionDescriptionOfAssetS_c19991201__19991231__us-gaap--BusinessCombinationSeparatelyRecognizedTransactionsAxis__custom--TualatinVineyardsMember_zCdTSJe9icXl">In <span id="xdx_90B_eus-gaap--SaleLeasebackTransactionDate_c19991201__19991231__us-gaap--BusinessCombinationSeparatelyRecognizedTransactionsAxis__custom--TualatinVineyardsMember_zHdC15F4Kfll">December 1999</span>, 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 $<span id="xdx_901_eus-gaap--SaleLeasebackTransactionHistoricalCost_iI_c19991231__us-gaap--BusinessCombinationSeparatelyRecognizedTransactionsAxis__custom--TualatinVineyardsMember_zGPwVGyM88Ok">1,500,000</span> cash and entered into a <span id="xdx_90F_ecustom--SaleLeasebackTransactionLeaseDuration_dtYxH_c19991201__19991231__us-gaap--BusinessCombinationSeparatelyRecognizedTransactionsAxis__custom--TualatinVineyardsMember_zgLX7p94NxN4">20</span> 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.</span></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span id="xdx_90B_eus-gaap--SaleLeasebackTransactionDescriptionOfAssetS_c20041201__20041231__us-gaap--BusinessCombinationSeparatelyRecognizedTransactionsAxis__custom--TualatinVineyardsMember_zGL3TeZHsjOg">In <span id="xdx_90D_eus-gaap--SaleLeasebackTransactionDate_c20041201__20041231__us-gaap--BusinessCombinationSeparatelyRecognizedTransactionsAxis__custom--TualatinVineyardsMember_zZivjL45Szf7">December 2004</span>, 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 $<span id="xdx_90C_eus-gaap--SaleLeasebackTransactionHistoricalCost_iI_c20041231__us-gaap--BusinessCombinationSeparatelyRecognizedTransactionsAxis__custom--TualatinVineyardsMember_zjOvCkXWlsa8">727,000</span> cash and entered into a <span id="xdx_90A_ecustom--SaleLeasebackTransactionLeaseDuration_dtYxH_c20041201__20041231__us-gaap--BusinessCombinationSeparatelyRecognizedTransactionsAxis__custom--TualatinVineyardsMember_zDtGSKNWdiN4">15 year</span> 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.</span></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span id="xdx_90F_eus-gaap--SaleLeasebackTransactionDescriptionOfAssetS_c20070201__20070228__us-gaap--BusinessCombinationSeparatelyRecognizedTransactionsAxis__custom--EltonVineyardsMember_zKitiGVxjosk">In <span id="xdx_903_eus-gaap--SaleLeasebackTransactionDate_c20070201__20070228__us-gaap--BusinessCombinationSeparatelyRecognizedTransactionsAxis__custom--EltonVineyardsMember_zoHRBpZjgPTe">February 2007</span>, 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 <span id="xdx_908_ecustom--SaleLeasebackTransactionLeaseDuration_dtYxH_c20070201__20070228__us-gaap--BusinessCombinationSeparatelyRecognizedTransactionsAxis__custom--EltonVineyardsMember_z5jBR7TqC0Sg">11</span> 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.</span></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span id="xdx_90E_eus-gaap--SaleLeasebackTransactionDescriptionOfAssetS_c20080701__20080731__us-gaap--BusinessCombinationSeparatelyRecognizedTransactionsAxis__custom--EolaHillsMember_zpYy4a3EAit7">In <span id="xdx_902_eus-gaap--SaleLeasebackTransactionDate_c20080701__20080731__us-gaap--BusinessCombinationSeparatelyRecognizedTransactionsAxis__custom--EolaHillsMember_zQdywsq7r0t5">July 2008</span>, the Company entered into a <span id="xdx_90D_ecustom--SaleLeasebackTransactionLeaseDuration_dtYxH_c20080701__20080731__us-gaap--BusinessCombinationSeparatelyRecognizedTransactionsAxis__custom--EolaHillsMember_zZPGHyF5irr7">34</span> 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.</span></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span id="xdx_90D_eus-gaap--SaleLeasebackTransactionDescriptionOfAssetS_c20170601__20170630__us-gaap--BusinessCombinationSeparatelyRecognizedTransactionsAxis__custom--DundeeMember_z3L9a9IJVbhc">In <span id="xdx_90E_eus-gaap--SaleLeasebackTransactionDate_c20170601__20170630__us-gaap--BusinessCombinationSeparatelyRecognizedTransactionsAxis__custom--DundeeMember_zakiWJ7bYvh1">March 2017</span>, the Company entered into a <span id="xdx_90F_eus-gaap--SaleLeasebackTransactionLeaseTerms_dtYxH_c20170601__20170630__us-gaap--BusinessCombinationSeparatelyRecognizedTransactionsAxis__custom--DundeeMember_ziCM09bGTQi5" title="::XDX::P25Y">25</span>-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.</span></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Operating Leases – Non-Vineyard</b> – <span id="xdx_908_eus-gaap--SaleLeasebackTransactionDescriptionOfAssetS_c20180901__20180930__us-gaap--BusinessCombinationSeparatelyRecognizedTransactionsAxis__custom--McMinnvilleMember_zeZdFvndER8a">In <span id="xdx_906_eus-gaap--SaleLeasebackTransactionDate_c20180901__20180930__us-gaap--BusinessCombinationSeparatelyRecognizedTransactionsAxis__custom--McMinnvilleMember_zC19kKv1p5Jl">September 2018</span>, the Company renewed an existing lease for <span id="xdx_905_ecustom--SaleLeasebackTransactionLeaseDuration_dxH_c20180901__20180930__us-gaap--BusinessCombinationSeparatelyRecognizedTransactionsAxis__custom--McMinnvilleMember_zWYolT9CgBEi" title="::XDX::P3Y">three</span> 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. The lease was not renewed in 2025.</span></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span id="xdx_904_eus-gaap--SaleLeasebackTransactionDescriptionOfAssetS_c20180101__20180131__us-gaap--BusinessCombinationSeparatelyRecognizedTransactionsAxis__custom--MaisonBleueMember_zCaRjXzWw32k">In <span id="xdx_90A_eus-gaap--SaleLeasebackTransactionDate_c20180101__20180131__us-gaap--BusinessCombinationSeparatelyRecognizedTransactionsAxis__custom--MaisonBleueMember_zUhMHKYwM3T">January 2018</span>, 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.</span></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span id="xdx_903_eus-gaap--SaleLeasebackTransactionDescriptionOfAssetS_c20200201__20200229__us-gaap--BusinessCombinationSeparatelyRecognizedTransactionsAxis__custom--WillametteWineworksMember_zFwPg6c7q7i">In <span id="xdx_909_eus-gaap--SaleLeasebackTransactionDate_c20200201__20200229__us-gaap--BusinessCombinationSeparatelyRecognizedTransactionsAxis__custom--WillametteWineworksMember_zRvZfZs7x8Vj">February 2020</span>, the Company entered into a lease for <span id="xdx_90D_ecustom--SaleLeasebackTransactionLeaseDuration_dxH_c20200201__20200229__us-gaap--BusinessCombinationSeparatelyRecognizedTransactionsAxis__custom--WillametteWineworksMember_zUkZtekB2bQk" title="::XDX::P5Y">5</span> 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 September 2025 the Company amended the renewal options and extended the lease until February 2027. For right of use asset and liability calculations the Company has concluded it is reasonably certain to extend available options through February 2040.</span></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span id="xdx_903_eus-gaap--SaleLeasebackTransactionDescriptionOfAssetS_c20210601__20210630__us-gaap--BusinessCombinationSeparatelyRecognizedTransactionsAxis__custom--RetailWineFacilityMember_zTzSpsscDQB5">In <span id="xdx_90D_eus-gaap--SaleLeasebackTransactionDate_c20210601__20210630__us-gaap--BusinessCombinationSeparatelyRecognizedTransactionsAxis__custom--RetailWineFacilityMember_zuMXWI8gRXlc">March 2021</span>, the Company entered into a lease for <span id="xdx_901_ecustom--SaleLeasebackTransactionLeaseDuration_c20210601__20210630__us-gaap--BusinessCombinationSeparatelyRecognizedTransactionsAxis__custom--RetailWineFacilityMember_zkXffmg2eRw3">10 years</span>, 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.</span></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span id="xdx_90D_eus-gaap--SaleLeasebackTransactionDescriptionOfAssetS_c20220201__20220228__us-gaap--BusinessCombinationSeparatelyRecognizedTransactionsAxis__custom--RetailWineFacilityMember_z5es1cvzdvQc">In <span id="xdx_902_eus-gaap--SaleLeasebackTransactionDate_c20220201__20220228__us-gaap--BusinessCombinationSeparatelyRecognizedTransactionsAxis__custom--RetailWineFacilityMember_z7d1lq1PQ8rl">February 2022</span>, the Company entered into a lease for <span id="xdx_905_ecustom--SaleLeasebackTransactionLeaseDuration_c20220201__20220228__us-gaap--BusinessCombinationSeparatelyRecognizedTransactionsAxis__custom--RetailWineFacilityMember_zoqhOoMhu2B3">10 years</span>, 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.</span></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span id="xdx_90D_eus-gaap--SaleLeasebackTransactionDescriptionOfAssetS_c20220501__20220531__us-gaap--BusinessCombinationSeparatelyRecognizedTransactionsAxis__custom--RetailWineFacilityMember_zW9itxayOv64">In <span id="xdx_904_eus-gaap--SaleLeasebackTransactionDate_c20220501__20220531__us-gaap--BusinessCombinationSeparatelyRecognizedTransactionsAxis__custom--RetailWineFacilityMember_zOSgyGUCKB4b">May 2022</span>, the Company entered into a lease for <span id="xdx_90C_ecustom--SaleLeasebackTransactionLeaseDuration_c20220501__20220531__us-gaap--BusinessCombinationSeparatelyRecognizedTransactionsAxis__custom--RetailWineFacilityMember_zSOlNqxZwLf3">10 years</span>, 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.</span></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span id="xdx_905_eus-gaap--SaleLeasebackTransactionDescriptionOfAssetS_c20230101__20230131__us-gaap--BusinessCombinationSeparatelyRecognizedTransactionsAxis__custom--RetailWineFacilityMember_zMmZc7oQYLEe">In <span id="xdx_90B_eus-gaap--SaleLeasebackTransactionDate_c20230101__20230131__us-gaap--BusinessCombinationSeparatelyRecognizedTransactionsAxis__custom--RetailWineFacilityMember_ztBTt7PvFX66">January 2023</span>, the Company entered into a lease for <span id="xdx_908_ecustom--SaleLeasebackTransactionLeaseDuration_c20230101__20230131__us-gaap--BusinessCombinationSeparatelyRecognizedTransactionsAxis__custom--RetailWineFacilityMember_zI16rGWSU5Q9">10 years</span>, 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.</span></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p id="xdx_89F_eus-gaap--LeaseCostTableTextBlock_z5EPYIRsezRf" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The following tables provide lease cost and other lease information:</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span id="xdx_8B7_z4qSBcLyLVzd" style="display: none">Schedule of Lease Cost and Other Lease Information</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"></span></p> <table cellpadding="0" cellspacing="0" id="xdx_30C_134_z4uPDWD2mVR" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - LEASES (Details)"> <tr style="vertical-align: bottom"> <td style="text-align: right"> </td><td style="font-weight: bold"> </td> <td colspan="3" id="xdx_495_20260101__20260630_zCX8BfVwMMbb" style="font-weight: bold; text-align: center">Six Months Ended</td><td style="font-weight: bold"> </td> <td colspan="3" id="xdx_498_20250101__20250630_zrdIhdDfO7mh" style="font-weight: bold; text-align: center">Six Months Ended</td></tr> <tr style="vertical-align: bottom"> <td style="text-align: right"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">June 30, 2026</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">June 30, 2025</td></tr> <tr style="vertical-align: bottom"> <td style="text-align: right"> </td><td> </td> <td colspan="3" style="text-align: right"> </td><td> </td> <td colspan="3" style="text-align: right"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-weight: bold; text-align: left">Lease Cost</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_409_ecustom--OperatingLeaseCostVineyards_maCzaql_zkT3I8hlXyRg" style="vertical-align: bottom; background-color: White"> <td style="width: 60%; text-align: left">Operating lease cost - Vineyards</td><td style="width: 3%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 8%; text-align: right">250,363</td><td style="width: 1%; text-align: left"> </td><td style="width: 3%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 8%; text-align: right">250,363</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_40A_ecustom--OperatingLeaseCostOther_maCzaql_zMak0gOZA5Wi" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Operating lease cost - Other</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">466,836</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">492,682</td><td style="text-align: left"> </td></tr> <tr id="xdx_407_eus-gaap--ShortTermLeaseCost_maCzaql_zR82GPTllsni" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt">Short-term lease cost</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">18,308</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">22,345</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_404_eus-gaap--LeaseCost_iT_mtCzaql_zSJRHK5Gv9dj" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 2.5pt">Total lease cost</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">735,507</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">765,390</td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: right"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-weight: bold; text-align: left">Other Information</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Cash paid for amounts included in the measurement</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td>of lease liabilities</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_403_ecustom--OperatingLeasePaymentsVineyard_zPrtnjGXWHai" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-left: 10pt"> Operating cash flows from operating leases - Vineyard</td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">237,552</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">234,164</td><td style="text-align: left"> </td></tr> <tr id="xdx_400_ecustom--OperatingLeasePaymentsOther_zGJgdyLgsh6a" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-left: 10pt"> Operating cash flows from operating leases - Other</td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">415,771</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">441,334</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Weighted-average remaining lease term - Operating leases in years</td><td> </td> <td style="text-align: left"> </td><td id="xdx_98B_eus-gaap--OperatingLeaseWeightedAverageRemainingLeaseTerm1_iI_dtxH_c20260630_zvb7TFZN63F1" style="text-align: right">13.64</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98D_eus-gaap--OperatingLeaseWeightedAverageRemainingLeaseTerm1_iI_dtxH_c20251231_z9BoXMGv4qVi" style="text-align: right">14.37</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Weighted-average discount rate - Operating leases</td><td> </td> <td style="text-align: left"> </td><td id="xdx_98C_eus-gaap--OperatingLeaseWeightedAverageDiscountRatePercent_iI_dp_c20260630_zNTOrZ2yMrY6" style="text-align: right">7.70</td><td style="text-align: left">%</td><td> </td> <td style="text-align: left"> </td><td id="xdx_988_eus-gaap--OperatingLeaseWeightedAverageDiscountRatePercent_iI_dp_c20251231_zcqoNJ1dJhB5" style="text-align: right">7.66</td><td style="text-align: left">%</td></tr> </table> <p id="xdx_8AE_zSNG9svPNXNi" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Right-of-use assets obtained in exchange for new operating lease obligations were zero for the six months ended June 30, 2026 and 2025.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p id="xdx_894_eus-gaap--LesseeOperatingLeaseLiabilityMaturityTableTextBlock_zTEbYXcdvAhj" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">As of June 30, 2026, maturities of lease liabilities were as follows:</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span id="xdx_8B3_zWPmAnjhRw87" style="display: none">Schedule of Maturities of Lease Liabilities</span> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"></span></p> <table cellpadding="0" cellspacing="0" id="xdx_308_134_zu8gEHrkHXI5" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 50%" summary="xdx: Disclosure - LEASES (Details 2)"> <tr style="vertical-align: bottom"> <td style="text-align: left"> </td><td style="font-weight: bold"> </td> <td colspan="3" id="xdx_49B_20260630_zZF54TsecbXh" style="font-weight: bold; text-align: center">Operating</td></tr> <tr style="vertical-align: bottom"> <td style="border-bottom: Black 1pt solid; text-align: left; font-weight: bold">Years Ended December 31,</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Leases</td></tr> <tr id="xdx_40B_eus-gaap--LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear_iI_pp0p0_maLOLLPzMQC_zfz2MN6PqvLd" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 37%; text-align: left">2026</td><td style="width: 3%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 8%; text-align: right">661,638</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_40D_eus-gaap--LesseeOperatingLeaseLiabilityPaymentsDueNextRollingTwelveMonths_iI_pp0p0_maLOLLPzMQC_zICgmZrpafYg" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">2027</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">1,376,460</td><td style="text-align: left"> </td></tr> <tr id="xdx_40B_eus-gaap--LesseeOperatingLeaseLiabilityPaymentsDueYearThree_iI_pp0p0_maLOLLPzMQC_zmNBsfigmigk" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">2028</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">1,369,170</td><td style="text-align: left"> </td></tr> <tr id="xdx_40C_eus-gaap--LesseeOperatingLeaseLiabilityPaymentsDueYearFour_iI_pp0p0_maLOLLPzMQC_zfQSyi1scEr4" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">2029</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">1,379,314</td><td style="text-align: left"> </td></tr> <tr id="xdx_409_eus-gaap--LesseeOperatingLeaseLiabilityPaymentsDueYearFive_iI_pp0p0_maLOLLPzMQC_zFAhO1OzC3ag" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">2030</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">1,389,760</td><td style="text-align: left"> </td></tr> <tr id="xdx_40E_eus-gaap--LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive_iI_pp0p0_maLOLLPzMQC_zcjt7RkBK37b" style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 1pt; text-align: left">Thereafter</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">12,499,288</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_40D_eus-gaap--LesseeOperatingLeaseLiabilityPaymentsDue_iTI_pp0p0_mtLOLLPzMQC_z2Rc2RahPlk7" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Total minimum lease payments</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">18,675,630</td><td style="text-align: left"> </td></tr> <tr id="xdx_408_eus-gaap--LesseeOperatingLeaseLiabilityUndiscountedExcessAmount_iNI_pp0p0_di_zs1GmYOF47T4" style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 1pt; text-align: left">Less present value adjustment</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(7,541,299</td><td style="padding-bottom: 1pt; text-align: left">)</td></tr> <tr id="xdx_404_eus-gaap--OperatingLeaseLiability_iI_pp0p0_zUaBmtMY0Df" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Operating lease liabilities</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">11,134,331</td><td style="text-align: left"> </td></tr> <tr id="xdx_406_eus-gaap--OperatingLeaseLiabilityCurrent_iNI_pp0p0_di_zndqi5tfYy4j" style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 1pt; text-align: left">Less current lease liabilities</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(534,390</td><td style="padding-bottom: 1pt; text-align: left">)</td></tr> <tr id="xdx_40A_eus-gaap--OperatingLeaseLiabilityNoncurrent_iI_pp0p0_zzhWrPmy0Kx5" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-bottom: 2.5pt; text-align: left">Lease liabilities, net of current portion</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">10,599,941</td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> </table> <p id="xdx_8A9_zSmqnR2zzIL9" style="margin-top: 0; margin-bottom: 0"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"></span></p> 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. December 1999 1500000 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. December 2004 727000 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. February 2007 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. July 2008 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. March 2017 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. The lease was not renewed in 2025. September 2018 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. January 2018 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 September 2025 the Company amended the renewal options and extended the lease until February 2027. For right of use asset and liability calculations the Company has concluded it is reasonably certain to extend available options through February 2040. February 2020 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. March 2021 P10Y 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. February 2022 P10Y 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. May 2022 P10Y 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. January 2023 P10Y <p id="xdx_89F_eus-gaap--LeaseCostTableTextBlock_z5EPYIRsezRf" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The following tables provide lease cost and other lease information:</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span id="xdx_8B7_z4qSBcLyLVzd" style="display: none">Schedule of Lease Cost and Other Lease Information</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"></span></p> <table cellpadding="0" cellspacing="0" id="xdx_30C_134_z4uPDWD2mVR" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - LEASES (Details)"> <tr style="vertical-align: bottom"> <td style="text-align: right"> </td><td style="font-weight: bold"> </td> <td colspan="3" id="xdx_495_20260101__20260630_zCX8BfVwMMbb" style="font-weight: bold; text-align: center">Six Months Ended</td><td style="font-weight: bold"> </td> <td colspan="3" id="xdx_498_20250101__20250630_zrdIhdDfO7mh" style="font-weight: bold; text-align: center">Six Months Ended</td></tr> <tr style="vertical-align: bottom"> <td style="text-align: right"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">June 30, 2026</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">June 30, 2025</td></tr> <tr style="vertical-align: bottom"> <td style="text-align: right"> </td><td> </td> <td colspan="3" style="text-align: right"> </td><td> </td> <td colspan="3" style="text-align: right"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-weight: bold; text-align: left">Lease Cost</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_409_ecustom--OperatingLeaseCostVineyards_maCzaql_zkT3I8hlXyRg" style="vertical-align: bottom; background-color: White"> <td style="width: 60%; text-align: left">Operating lease cost - Vineyards</td><td style="width: 3%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 8%; text-align: right">250,363</td><td style="width: 1%; text-align: left"> </td><td style="width: 3%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 8%; text-align: right">250,363</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_40A_ecustom--OperatingLeaseCostOther_maCzaql_zMak0gOZA5Wi" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Operating lease cost - Other</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">466,836</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">492,682</td><td style="text-align: left"> </td></tr> <tr id="xdx_407_eus-gaap--ShortTermLeaseCost_maCzaql_zR82GPTllsni" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt">Short-term lease cost</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">18,308</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">22,345</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_404_eus-gaap--LeaseCost_iT_mtCzaql_zSJRHK5Gv9dj" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 2.5pt">Total lease cost</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">735,507</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">765,390</td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: right"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-weight: bold; text-align: left">Other Information</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Cash paid for amounts included in the measurement</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td>of lease liabilities</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_403_ecustom--OperatingLeasePaymentsVineyard_zPrtnjGXWHai" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-left: 10pt"> Operating cash flows from operating leases - Vineyard</td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">237,552</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">234,164</td><td style="text-align: left"> </td></tr> <tr id="xdx_400_ecustom--OperatingLeasePaymentsOther_zGJgdyLgsh6a" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-left: 10pt"> Operating cash flows from operating leases - Other</td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">415,771</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">441,334</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Weighted-average remaining lease term - Operating leases in years</td><td> </td> <td style="text-align: left"> </td><td id="xdx_98B_eus-gaap--OperatingLeaseWeightedAverageRemainingLeaseTerm1_iI_dtxH_c20260630_zvb7TFZN63F1" style="text-align: right">13.64</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98D_eus-gaap--OperatingLeaseWeightedAverageRemainingLeaseTerm1_iI_dtxH_c20251231_z9BoXMGv4qVi" style="text-align: right">14.37</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Weighted-average discount rate - Operating leases</td><td> </td> <td style="text-align: left"> </td><td id="xdx_98C_eus-gaap--OperatingLeaseWeightedAverageDiscountRatePercent_iI_dp_c20260630_zNTOrZ2yMrY6" style="text-align: right">7.70</td><td style="text-align: left">%</td><td> </td> <td style="text-align: left"> </td><td id="xdx_988_eus-gaap--OperatingLeaseWeightedAverageDiscountRatePercent_iI_dp_c20251231_zcqoNJ1dJhB5" style="text-align: right">7.66</td><td style="text-align: left">%</td></tr> </table> 250363 250363 466836 492682 18308 22345 735507 765390 237552 234164 415771 441334 0.0770 0.0766 <p id="xdx_894_eus-gaap--LesseeOperatingLeaseLiabilityMaturityTableTextBlock_zTEbYXcdvAhj" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">As of June 30, 2026, maturities of lease liabilities were as follows:</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span id="xdx_8B3_zWPmAnjhRw87" style="display: none">Schedule of Maturities of Lease Liabilities</span> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"></span></p> <table cellpadding="0" cellspacing="0" id="xdx_308_134_zu8gEHrkHXI5" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 50%" summary="xdx: Disclosure - LEASES (Details 2)"> <tr style="vertical-align: bottom"> <td style="text-align: left"> </td><td style="font-weight: bold"> </td> <td colspan="3" id="xdx_49B_20260630_zZF54TsecbXh" style="font-weight: bold; text-align: center">Operating</td></tr> <tr style="vertical-align: bottom"> <td style="border-bottom: Black 1pt solid; text-align: left; font-weight: bold">Years Ended December 31,</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Leases</td></tr> <tr id="xdx_40B_eus-gaap--LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear_iI_pp0p0_maLOLLPzMQC_zfz2MN6PqvLd" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 37%; text-align: left">2026</td><td style="width: 3%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 8%; text-align: right">661,638</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_40D_eus-gaap--LesseeOperatingLeaseLiabilityPaymentsDueNextRollingTwelveMonths_iI_pp0p0_maLOLLPzMQC_zICgmZrpafYg" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">2027</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">1,376,460</td><td style="text-align: left"> </td></tr> <tr id="xdx_40B_eus-gaap--LesseeOperatingLeaseLiabilityPaymentsDueYearThree_iI_pp0p0_maLOLLPzMQC_zmNBsfigmigk" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">2028</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">1,369,170</td><td style="text-align: left"> </td></tr> <tr id="xdx_40C_eus-gaap--LesseeOperatingLeaseLiabilityPaymentsDueYearFour_iI_pp0p0_maLOLLPzMQC_zfQSyi1scEr4" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">2029</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">1,379,314</td><td style="text-align: left"> </td></tr> <tr id="xdx_409_eus-gaap--LesseeOperatingLeaseLiabilityPaymentsDueYearFive_iI_pp0p0_maLOLLPzMQC_zFAhO1OzC3ag" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">2030</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">1,389,760</td><td style="text-align: left"> </td></tr> <tr id="xdx_40E_eus-gaap--LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive_iI_pp0p0_maLOLLPzMQC_zcjt7RkBK37b" style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 1pt; text-align: left">Thereafter</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">12,499,288</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_40D_eus-gaap--LesseeOperatingLeaseLiabilityPaymentsDue_iTI_pp0p0_mtLOLLPzMQC_z2Rc2RahPlk7" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Total minimum lease payments</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">18,675,630</td><td style="text-align: left"> </td></tr> <tr id="xdx_408_eus-gaap--LesseeOperatingLeaseLiabilityUndiscountedExcessAmount_iNI_pp0p0_di_zs1GmYOF47T4" style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 1pt; text-align: left">Less present value adjustment</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(7,541,299</td><td style="padding-bottom: 1pt; text-align: left">)</td></tr> <tr id="xdx_404_eus-gaap--OperatingLeaseLiability_iI_pp0p0_zUaBmtMY0Df" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Operating lease liabilities</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">11,134,331</td><td style="text-align: left"> </td></tr> <tr id="xdx_406_eus-gaap--OperatingLeaseLiabilityCurrent_iNI_pp0p0_di_zndqi5tfYy4j" style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 1pt; text-align: left">Less current lease liabilities</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(534,390</td><td style="padding-bottom: 1pt; text-align: left">)</td></tr> <tr id="xdx_40A_eus-gaap--OperatingLeaseLiabilityNoncurrent_iI_pp0p0_zzhWrPmy0Kx5" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-bottom: 2.5pt; text-align: left">Lease liabilities, net of current portion</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">10,599,941</td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> </table> 661638 1376460 1369170 1379314 1389760 12499288 18675630 7541299 11134331 534390 10599941 <p id="xdx_80F_eus-gaap--CommitmentsAndContingenciesDisclosureTextBlock_zYn5D0aiuno7" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>10) <span id="xdx_827_zUw05H63ltXa">COMMITMENTS AND CONTINGENCIES</span></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Litigation </b>– From time to time, in the normal course of business, the Company is a party to legal proceedings. Management believes that these matters will not have a material adverse effect on the Company’s financial position, results of operations, or cash flows, but, due to the nature of litigation, the ultimate outcome of any potential actions cannot presently be determined.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Distributor Bankruptcy and Subsequent Reserve Adjustment </b>– On July 26, 2026, Republic National Distributing Company (“RNDC”), a distributor of the Company, filed for Chapter 11 bankruptcy protection. Following this filing, the Company evaluated the collectability of receivables associated with the specific RNDC territories identified in the bankruptcy petition and increased its allowance for credit losses by approximately $1.1 million. This targeted reserve reflects management’s estimate of expected credit losses related to those territories.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The Company is in the process of transitioning all distributor relationships in the affected markets and based on current plans and contracted partners, does not anticipate any long-term disruption to its ability to distribute products effectively. </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Grape Purchases</b> – The Company has entered into long-term grape purchase agreements with a number of Willamette Valley wine grape growers. With these agreements the Company purchases an annually agreed upon quantity of fruit, at pre-determined prices, within strict quality standards and crop loads. The Company cannot calculate the minimum or maximum payment as such a calculation is dependent in large part on unknowns such as the quantity of fruit needed by the Company and the availability of grapes produced that meet the strict quality standards in any given year. If no grapes are produced that meet the contractual quality levels, the grapes may be refused, and no payment would be due.</span></p>