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STATEMENTS OF CASH FLOWS - USD ($)
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
CASH FLOWS FROM OPERATING ACTIVITIES    
Net loss $ (117,894) $ (1,198,593)
Adjustments to reconcile net loss to net cash from operating activities:    
Depreciation and amortization 3,323,613 3,426,977
Non-cash lease expense 563,439 1,142,833
Loan fee amortization 13,247 13,248
Deferred income taxes (374,970) (528,859)
Change in operating assets and liabilities:    
Accounts receivable (156,981) 1,232,119
Inventories (4,592,710) (6,113,280)
Prepaid expenses and other current assets 3,246 (68,769)
Income tax receivable 102,692 435,265
Unearned revenue (851,072) (704,673)
Lease liabilities (455,191) (1,097,192)
Grapes payable (927,146) 1,237,560
Accounts payable (383,498) 180,640
Accrued expenses 615,482 53,874
Net cash from operating activities (3,237,743) (1,988,850)
CASH FLOWS FROM INVESTING ACTIVITIES    
Additions to vineyard development costs (237,437) (419,023)
Additions to property and equipment (1,852,268) (4,307,947)
Net cash from investing activities (2,089,705) (4,726,970)
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from investor deposits held as liability 718,857
Payment on installment note for property purchase (104,767) (100,303)
Proceeds from bank overdraft 79,600 393,416
Proceeds from (payments on) line of credit (279,167) 2,518,365
Payment of loan fees (86,166)
Payment on long-term debt (3,547,749) (496,944)
Proceeds from long-term debt 10,000,000 1,024,949
Proceeds from issuance of preferred stock 250,503 3,371,450
Payment of preferred stock dividend (902,405) (814,164)
Net cash from financing activities 5,409,849 6,615,626
NET CHANGE IN CASH AND CASH EQUIVALENTS 82,401 (100,194)
CASH AND CASH EQUIVALENTS, beginning of year 238,482 338,676
CASH AND CASH EQUIVALENTS, end of year 320,883 238,482
NON-CASH INVESTING AND FINANCING ACTIVITIES    
Purchases of property and equipment and vineyard development costs included in accounts payable 10,467 68,855
Reduction in investor deposits for preferred stock 718,857 147,511
Gift cards given in lieu of cash dividends 1,350,536 1,232,933
Right of use assets obtained in exchange for operating lease liabilities 438,572 3,674,710
Supplemental disclosure of cash flow information:    
Interest paid 1,018,970 595,109
Income tax paid (received) $ 45,992 $ (394,268)