Willamette valley vineyards inc (WVVI)
Balance Sheet / TTM
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Dec'10
ASSETS
CURRENT ASSETS
Cash and cash equivalents

5,667

7,050

7,511

8,246

8,157

9,737

10,940

10,998

11,164

13,776

13,009

10,004

7,636

5,706

7,840

6,527

4,590

4,010

195

618

165

519

906

409

190

945

1,690

3,209

3,740

4,553

4,477

3,974

3,777

3,411

2,904

1,798

1,518

Restricted cash

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

1,266

456

1,476

3,038

-

-

0

0

0

450

450

1,647

-

-

0

-

-

-

-

-

-

-

Accounts receivable, net

2,347

1,814

2,069

1,753

2,486

2,352

1,568

1,401

1,443

1,760

1,942

1,431

1,473

1,871

1,414

1,134

1,323

1,684

1,310

1,266

1,185

1,612

1,284

938

1,045

1,229

1,107

1,225

970

1,088

1,096

957

1,235

986

1,559

1,089

1,264

Inventories (Note 2)

16,604

17,075

16,529

16,413

16,328

16,247

15,342

14,945

15,191

14,793

11,929

11,681

12,163

11,970

11,811

10,406

10,507

10,632

10,383

9,191

9,788

9,910

9,827

9,469

9,921

9,833

8,914

8,660

9,210

9,226

8,565

8,863

9,068

8,843

9,499

10,248

10,712

Prepaid expenses and other current assets

288

202

166

174

224

219

136

151

197

108

109

82

158

399

73

416

301

131

389

287

180

150

54

93

141

177

229

237

154

89

57

105

169

138

144

186

82

Income tax receivable

329

623

16

171

0

77

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Current portion of note receivable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

23

53

52

51

61

109

107

62

Current portion of assets from discontinued operations, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

23

70

-

847

-

-

-

Distribution agreement receivable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

250

250

250

250

500

250

250

250

500

250

250

250

500

-

0

Income tax receivable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

62

305

204

119

81

234

323

0

0

151

143

0

0

0

8

0

34

115

229

0

0

115

Total current assets

25,238

26,765

26,293

26,760

27,197

28,634

27,987

27,497

27,995

30,437

26,990

23,200

21,431

19,948

21,140

19,813

17,485

18,139

15,435

11,446

11,554

12,515

12,322

11,161

11,701

12,579

12,441

13,582

14,326

15,240

14,775

14,309

14,667

14,767

14,718

13,431

13,755

Other assets

13

13

13

34

34

-

34

34

34

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Assets from discontinued operations, net of current portion

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

25

62

-

62

-

-

-

Debt issuance costs, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

46

48

49

-

51

52

53

54

55

56

57

58

59

60

61

47

48

49

49

50

50

50

32

Distribution agreement receivable, net of current portion

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

250

250

250

250

500

500

500

500

-

0

Note receivable, net of current portion

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

19

0

0

71

Other assets

-

-

-

-

-

34

-

-

-

49

-

-

-

59

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

4

4

4

4

Investment in Kore Wine Company

-

-

-

-

-

-

-

-

-

-

49

49

49

-

59

59

59

60

60

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Investment in Kore Wine Company

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

60

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Vineyard development costs, net

7,731

7,624

7,517

7,356

7,147

7,028

7,007

6,628

6,114

6,006

5,656

5,515

5,148

4,666

4,395

4,236

3,888

3,699

3,363

3,138

3,487

3,368

2,653

2,565

2,312

2,257

2,215

2,104

2,023

1,567

1,586

1,605

1,624

1,643

1,662

1,681

1,662

Property and equipment, net (Note 3)

30,343

28,648

27,868

26,231

25,805

25,784

25,498

24,822

23,866

23,201

23,188

22,587

21,767

20,196

18,192

17,801

16,573

16,729

16,722

16,432

15,203

15,038

14,773

14,661

14,389

13,659

12,436

9,787

8,404

8,305

7,765

7,447

7,373

7,238

7,159

6,477

6,243

Operating lease right of use assets

5,162

4,862

4,917

4,971

5,025

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

TOTAL ASSETS

68,490

67,915

66,611

65,354

65,211

61,482

60,528

58,983

58,011

59,695

55,885

51,352

48,396

44,871

43,835

41,958

38,055

38,628

35,633

31,129

30,298

30,977

29,805

28,445

28,911

29,004

28,800

25,785

25,066

25,410

24,450

23,973

24,215

24,286

24,095

21,645

21,770

LIABILITIES AND SHAREHOLDERS' EQUITY
CURRENT LIABILITIES
Accounts payable

1,411

859

656

649

591

844

844

559

583

993

640

456

526

505

346

516

203

386

577

231

381

742

360

254

601

711

1,517

801

588

728

738

460

588

301

990

873

748

Accrued expenses

804

1,004

1,015

685

700

911

1,090

779

639

871

954

680

714

995

819

483

477

604

793

580

475

551

604

416

388

456

556

430

485

474

368

364

400

438

400

445

595

Investor deposits for preferred stock

-

-

-

-

-

-

0

0

236

430

1,713

2,912

-

0

0

1,266

456

1,476

3,038

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Current portion of note payable

1,447

1,468

1,488

1,508

1,528

1,685

1,704

1,722

1,741

1,759

1,777

1,795

1,812

245

245

245

0

245

245

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Current portion of note payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

245

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Current portion of long-term debt

441

438

433

424

422

417

412

407

390

397

392

376

382

380

364

359

354

349

343

338

333

329

324

320

317

306

280

215

212

209

207

204

200

197

125

167

452

Current portion of lease liabilities

273

203

197

191

185

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Income taxes payable

-

-

-

-

72

-

302

220

248

-

527

459

571

-

284

-

-

-

-

-

-

-

2

52

-

-

-

-

-

-

-

-

-

-

-

-

-

Income taxes payable

-

-

-

-

-

-

-

-

-

125

-

-

-

389

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Line of credit

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

644

-

-

-

-

-

-

-

-

-

-

-

-

Line of credit

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

5

-

-

-

-

-

-

-

-

-

Income taxes payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

157

325

128

17

31

-

-

0

-

-

-

Income taxes payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

39

-

-

Deferred income taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

206

206

206

206

444

444

444

444

254

254

254

254

351

351

351

351

232

232

232

Current portion of liabilities from discontinued operations, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

12

4

-

-

-

-

-

-

-

Current portion of liabilities from discontinued operations, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

Current portion of deferred revenue-distribution agreement

-

-

-

-

-

-

0

23

59

95

130

142

142

142

142

142

142

142

142

142

142

142

142

142

142

142

142

142

142

142

142

142

142

142

142

-

0

Unearned revenue

-

-

-

-

-

-

-

-

-

306

-

-

-

213

-

-

-

73

-

-

-

34

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

Unearned revenue

580

604

426

461

468

517

244

265

328

-

203

194

205

-

90

74

45

-

47

57

175

-

43

40

40

-

-

-

-

-

-

-

-

-

-

-

-

Grapes payable

80

792

285

0

0

1,019

401

0

0

1,455

263

0

0

693

1,044

0

0

816

634

0

0

698

660

0

0

689

167

0

0

539

0

0

0

389

0

0

273

Total current liabilities

5,039

5,371

4,502

3,921

3,969

5,395

4,999

3,978

4,227

6,434

6,603

7,018

4,356

3,566

3,339

3,089

1,679

4,094

6,028

1,802

1,715

2,705

2,582

1,671

2,578

2,750

3,076

2,175

1,824

2,371

1,839

1,522

1,683

1,821

1,930

1,717

2,301

Note payable, net of current portion

-

-

-

-

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Note payable, net of current portion

-

-

-

-

-

-

-

-

0

137

137

137

137

0

0

0

245

245

245

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Note payable, net of current portion

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

245

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Long-term debt, net of current portion and debt issuance costs

5,718

5,826

5,934

6,043

6,145

6,251

6,354

6,455

6,566

6,655

6,753

6,857

6,943

4,443

4,549

4,641

4,733

4,773

4,913

5,001

5,087

5,173

5,257

5,340

5,421

5,510

5,590

3,721

3,776

3,816

3,869

3,922

3,959

4,010

4,129

3,104

2,827

Lease liabilities, net of current portion

4,941

4,714

4,747

4,833

4,892

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred rent liability

-

-

26

0

0

50

58

66

74

82

89

97

105

113

120

127

133

140

146

152

157

163

168

173

177

182

186

189

193

197

199

204

206

208

209

211

215

Deferred revenue-distribution agreement, net of current portion

-

-

-

-

-

-

-

-

-

-

0

23

59

95

130

166

202

238

273

309

345

380

416

452

488

523

559

595

630

666

702

738

773

809

845

-

0

Deferred gain

-

-

0

8

16

24

33

41

49

57

65

73

81

89

97

105

113

121

129

137

145

153

161

169

177

185

193

201

209

217

225

233

241

249

257

265

281

Deferred income taxes

2,958

2,958

2,200

2,200

2,200

2,200

1,587

1,587

1,587

1,587

1,931

1,931

1,931

1,931

1,848

1,848

1,848

1,848

1,211

1,211

1,211

1,211

993

993

993

993

800

800

800

800

754

754

754

754

578

578

578

Total liabilities

18,658

18,870

17,412

17,007

17,224

13,922

13,032

12,128

12,504

14,954

15,580

16,139

13,615

10,238

10,084

9,978

8,955

11,461

12,948

8,858

8,662

9,787

9,580

8,799

9,836

10,145

10,405

7,683

7,435

8,069

7,591

7,375

7,619

7,853

7,950

5,877

6,203

COMMITMENTS AND CONTINGENCIES (Notes 8 and 9)

-

-

-

-

-

-

0

0

0

-

0

0

0

0

0

0

0

0

-

-

0

0

-

0

0

-

0

-

0

0

-

0

-

-

-

-

0

SHAREHOLDERS' EQUITY
Redeemable preferred stock, no par value, 10,000,000 shares authorized, 4,662,768 shares issued and outstanding, liquidation preference $19,606,939, and $19,350,487, at March 31, 2020 and December 31, 2019, respectively.

18,575

18,319

19,088

18,832

18,575

18,319

-

-

-

17,339

-

-

-

9,061

-

-

-

3,735

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Redeemable preferred stock, no par value, 10,000,000 shares authorized, 4,662,518 shares, liquidation preference $20,117,220, issued and outstanding at September 30, 2018 and 4,427,991, liquidation preference $18,375,831 issued and outstanding at December 31, 2017, respectively.

-

-

-

-

-

-

19,086,821.00

18,830,502.00

18,030,257.00

-

14,118,339.00

9,324,973.00

9,183,997.00

-

9,387,601.00

7,923,875.00

5,260,474.00

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Common stock, no par value, 10,000,000 shares authorized, 4,964,529 shares issued and outstanding at March 31, 2020 and December 31, 2019, respectively.

8,512

8,512

8,512

8,512

8,512

8,512

8,512

8,512

8,512

8,512

8,514

8,644

8,814

8,971

8,690

9,869

9,794

8,998

9,492

9,282

9,159

9,026

8,927

8,922

8,898

8,857

8,766

8,665

8,661

8,656

8,646

8,642

8,638

8,632

8,627

8,623

8,623

Retained earnings

22,744

22,213

21,597

21,002

20,898

20,728

19,896

19,511

18,964

18,889

17,672

17,244

16,782

16,599

15,672

15,204

14,841

14,432

13,867

13,413

12,902

12,588

11,722

11,148

10,602

10,427

10,053

9,821

9,300

9,003

8,472

8,205

7,987

7,800

7,517

7,143

6,943

Less: Common stock held in treasury, at cost, 196,808 and 149,961 shares at June 30, 2016 and December 31, 2015, respectively

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,017

796

-

675

425

425

425

425

425

425

425

425

385

329

319

259

248

-28

0

-

-

-

Total shareholder's equity

49,832

49,045

49,198

48,346

47,986

47,560

47,495

46,854

45,507

44,741

40,304

35,213

34,781

34,632

33,750

31,979

29,100

27,167

22,684

22,270

21,636

21,190

20,225

19,645

19,075

18,859

18,394

18,101

17,631

17,341

16,859

16,598

16,596

16,433

16,144

15,767

15,566

TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY

68,490

67,915

66,611

65,354

65,211

61,482

60,528

58,983

58,011

59,695

55,885

51,352

48,396

44,871

43,835

41,958

38,055

38,628

35,633

31,129

30,298

30,977

29,805

28,445

28,911

29,004

28,800

25,785

25,066

25,410

24,450

23,973

24,215

24,286

24,095

21,645

21,770