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BALANCE SHEETS (unaudited) (USD $)
Mar. 31, 2013
Dec. 31, 2012
CURRENT ASSETS    
Cash and cash equivalents $ 3,740,757 $ 4,553,113
Accounts receivable, net 970,931 1,088,550
Inventories (Note 2) 9,210,530 9,226,884
Prepaid expenses and other current assets 154,584 89,503
Current portion of note receivable 0 23,231
Current portion of distribution agreement receivable 250,000 250,000
Income tax receivable 0 8,734
Total current assets 14,326,802 15,240,015
Vineyard development costs, net 2,023,474 1,567,976
Property and equipment, net (Note 3) 8,404,876 8,305,636
Debt issuance costs 61,523 47,369
Distribution agreement receivable, net of current portion 250,000 250,000
TOTAL ASSETS 25,066,675 25,410,996
CURRENT LIABILITIES    
Accounts payable 588,342 728,596
Accrued expenses 485,226 474,776
Current portion of long-term debt 212,549 209,327
Income taxes payable 128,653 17,659
Deferred income taxes 254,000 254,000
Current portion of liabilities from discontinued operations, net 12,908 4,337
Current portion of deferred revenue-distribution agreement 142,857 142,857
Grapes payable 0 539,584
Total current liabilities 1,824,535 2,371,136
Long-term debt, net of current portion 3,776,623 3,816,911
Deferred rent liability 193,554 197,241
Deferred revenue-distribution agreement, net of current portion 630,948 666,663
Deferred gain 209,527 217,551
Deferred income taxes 800,000 800,000
Total liabilities 7,435,187 8,069,502
COMMITMENTS AND CONTINGENCIES      
SHAREHOLDERS' EQUITY    
Common stock, no par value, 10,000,000 shares authorized, 4,800,008 and 4,802,708 issued and outstanding at March 31, 2013 and December 31, 2012, respectively 8,661,027 8,656,926
Retained earnings 9,300,376 9,003,783
Less: Common stock held in treasury, at cost, 92,969 and 90,269 at March 31, 2013 and December 31, 2012, respectively (329,915) (319,215)
Total shareholder's equity 17,631,488 17,341,494
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 25,066,675 $ 25,410,996