INVENTORIES |
6 Months Ended | ||||||||||||||||||
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Jun. 30, 2026 | |||||||||||||||||||
| Inventory Disclosure [Abstract] | |||||||||||||||||||
| INVENTORIES | 3. INVENTORIES
Inventory is primarily bottled wine which is carried at the lower of cost (calculated using the average cost method) or net realizable value. The Company recorded approximately $44,000 and $0 during the three months ended June 30, 2026 and 2025, respectively, and $47,000 and $0 during the six months ended June 30, 2026 and 2025, respectively, in inventory write down to net realizable value. This inventory included a valuation reserve of approximately $166,000 and $123,000 as of June 30, 2026 and December 31, 2025, respectively. The finished goods inventory was as follows:
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