| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 |
|---|---|---|---|---|---|---|---|---|---|
CASH FLOWS FROM OPERATING ACTIVITIES | |||||||||
Net income | |||||||||
2,510 | 2,858 | 2,993 | 2,628 | 1,901 | 2,161 | 1,423 | 1,360 | 1,432 | - |
NET INCOME | |||||||||
- | - | - | - | - | - | - | - | - | 411 |
Adjustments to reconcile net income to net cash from operating activities: | |||||||||
Depreciation and amortization | |||||||||
1,812 | 1,692 | 1,544 | 1,335 | 1,274 | 1,074 | 748 | 725 | 747 | 719 |
Loss/(gain) on disposition of property & equipment | |||||||||
-0 | -0 | -3 | -2 | -1 | 0 | -0 | 22 | - | - |
Non-cash lease expense | |||||||||
21 | 14 | - | - | - | - | - | - | - | - |
Gain on disposition of property & equipment | |||||||||
- | - | - | - | - | - | - | - | 6 | 0 |
Stock based compensation expense | |||||||||
- | - | - | 0 | 17 | 21 | 22 | 18 | 9 | 8 |
Non-cash loss from other assets | |||||||||
31 | 0 | 10 | 0 | 0 | - | - | - | - | - |
Loan fee amortization | |||||||||
-13 | -13 | 11 | - | - | - | - | - | - | - |
Deferred rent liability | |||||||||
0 | 31 | -31 | -27 | -22 | -18 | -14 | -10 | -6 | 3 |
Deferred income taxes | |||||||||
- | - | - | - | - | - | - | - | 295 | - |
Deferred income taxes | |||||||||
758 | 613 | -343 | 83 | 431 | -20 | 383 | -51 | 952 | 257 |
Deferred gain | |||||||||
24 | 32 | -32 | -32 | -32 | -32 | -32 | -32 | -32 | 32 |
Change in operating assets and liabilities: | |||||||||
Accounts receivable, net | |||||||||
-538 | 592 | 111 | -186 | -72 | -382 | -140 | -101 | 182 | -193 |
Inventories | |||||||||
827 | 1,453 | -2,822 | -1,338 | -721 | -77 | -606 | -383 | 64 | -1,457 |
Prepaid expenses and other current assets | |||||||||
-16 | 111 | 291 | -268 | 18 | 27 | -88 | 48 | -56 | 23 |
Unearned revenue | |||||||||
87 | 211 | 92 | 140 | 38 | 34 | 0 | - | - | - |
Deferred revenue-distribution agreement | |||||||||
0 | -95 | -142 | -142 | -142 | -142 | -142 | -142 | - | 0 |
Grapes payable | |||||||||
-226 | -436 | 761 | -123 | 118 | 9 | 149 | 150 | - | - |
Distribution agreement receivable | |||||||||
- | - | - | - | - | - | - | - | - | 0 |
Grapes payable | |||||||||
- | - | - | - | - | - | - | - | 116 | -384 |
Accounts payable | |||||||||
96 | -185 | 468 | 35 | -280 | 185 | -88 | 259 | -447 | -74 |
Accrued expenses | |||||||||
93 | 39 | -123 | 390 | 52 | 94 | -17 | 35 | -156 | 127 |
Other assets | |||||||||
- | - | - | - | - | - | - | 4 | - | - |
Other assets | |||||||||
- | - | - | - | - | - | - | - | 0 | - |
Income taxes payable | |||||||||
0 | -125 | -264 | 389 | - | - | -17 | 17 | 0 | - |
Distribution agreement receivable | |||||||||
- | - | - | - | - | 250 | 250 | 250 | - | - |
Distribution agreement receivable | |||||||||
- | - | - | - | - | - | - | - | -750 | - |
Income taxes receivable | |||||||||
546 | 77 | 0 | 204 | 118 | -179 | -134 | 220 | -114 | -349 |
Net cash from operating activities | |||||||||
4,291 | 2,302 | 2,520 | 3,087 | 2,696 | 3,006 | 1,692 | 2,390 | 2,242 | 3,008 |
CASH FLOWS FROM INVESTING ACTIVITIES | |||||||||
Investment in Kore Wine Company | |||||||||
- | - | - | - | -60 | 0 | - | - | - | - |
Additions to vineyard development | |||||||||
-783 | -1,215 | -1,186 | -1,003 | -915 | -1,186 | -764 | -246 | -56 | 3 |
Additions to property and equipment | |||||||||
4,534 | 4,046 | 2,782 | 4,327 | 2,451 | 2,529 | 5,970 | 1,377 | 1,746 | 689 |
Proceeds from sale of property and equipment | |||||||||
- | - | 53 | 2 | 1 | 0 | 19 | 7 | - | 0 |
Proceeds from sale of property and equipment | |||||||||
- | - | - | - | - | - | - | - | 4 | - |
Payments received on note receivable | |||||||||
- | - | - | - | - | - | 23 | 57 | 53 | 48 |
Net cash from investing activities | |||||||||
-5,318 | -5,261 | -3,915 | -5,328 | -3,424 | -3,716 | -6,692 | -1,558 | -1,745 | -643 |
CASH FLOWS FROM FINANCING ACTIVITIES | |||||||||
Proceeds from long-term debt | |||||||||
- | - | 2,672 | 0 | - | - | - | - | - | 0 |
Proceeds from investor deposits held as restricted cash | |||||||||
- | - | - | - | - | 0 | - | - | - | - |
Proceeds from investor deposits held as restricted cash | |||||||||
- | - | - | 1,476 | -1,476 | - | - | - | - | - |
Proceeds from investor deposits held as liability | |||||||||
0 | -430 | 430 | -1,476 | 1,476 | 0 | - | - | - | - |
Payment on installment note for property purchase | |||||||||
216 | 212 | 298 | 245 | -490 | - | - | - | - | - |
Proceeds from installment note for property purchase | |||||||||
- | - | - | - | - | 0 | - | - | - | - |
Proceeds from long-term debt held as restricted cash | |||||||||
- | - | - | - | - | 450 | -450 | 0 | - | - |
Net repayments on line of credit | |||||||||
- | - | - | - | - | - | - | - | - | 140 |
Payments on long-term debt | |||||||||
417 | 397 | 455 | 348 | 329 | 314 | 209 | 182 | 470 | 439 |
Issuance of preferred stock, net | |||||||||
0 | 979 | 8,278 | 5,325 | 3,735 | 0 | - | - | - | - |
Payment of preferred stock dividend | |||||||||
1,026 | 1,018 | 704 | 462 | 57 | 0 | - | - | - | - |
Borrowings on long-term debt | |||||||||
- | - | - | - | - | - | 2,000 | 0 | - | - |
Borrowings on long-term debt | |||||||||
- | - | - | - | - | - | - | - | 1,400 | - |
Payment of debt issuance costs | |||||||||
- | - | - | - | - | - | 15 | 0 | 19 | 0 |
Proceeds from exercise of stock options | |||||||||
- | - | - | - | 629 | 148 | 177 | 6 | - | - |
Bank overdraft | |||||||||
- | - | - | - | - | - | - | - | - | 271 |
Proceeds from stock option exercised | |||||||||
- | - | 21 | 194 | - | - | - | - | 0 | 6 |
Repurchase of common stock | |||||||||
- | - | 480 | 526 | 250 | 0 | 105 | 319 | 0 | - |
Net cash from financing activities | |||||||||
-1,660 | -1,079 | 9,464 | 3,936 | 4,218 | 284 | 1,396 | -495 | 910 | -846 |
Net cash from operating activities of discontinued operations | |||||||||
- | - | - | - | - | - | -4 | 756 | 477 | - |
Net cash from investing activities of discontinued operations | |||||||||
- | - | - | - | - | - | - | 48 | 8 | - |
Net cash from discontinued operations | |||||||||
- | - | - | - | - | - | -4 | 805 | 485 | - |
NET CHANGE IN CASH AND CASH EQUIVALENTS | |||||||||
-2,687 | -4,038 | 8,069 | 1,695 | 3,490 | -425 | -3,607 | 1,141 | 1,892 | 1,518 |
NON-CASH INVESTING AND FINANCING ACTIVITIES | |||||||||
Purchase of property with common stock | |||||||||
- | - | - | 304 | 0 | - | - | - | - | - |
Purchase of property with notes payable | |||||||||
- | - | 1,950 | 0 | - | - | - | - | - | - |
Purchase of equipment with long-term debt | |||||||||
- | - | - | 45 | 0 | - | - | - | - | - |
Purchases of property and equipment and vineyard development costs included in accounts payable | |||||||||
- | - | 120 | 99 | 16 | 92 | 247 | 176 | - | - |
Purchases of property and equipment included in accounts payable | |||||||||
54 | 136 | 2,070 | 450 | 16 | - | - | - | - | - |
Right of use assets in exchange for operating lease obligations | |||||||||
5,050 | - | - | - | - | - | - | - | - | - |
Supplemental disclosure of cash flow information: | |||||||||
Cash paid during the year for: Interest paid (net of capitalized interest) | |||||||||
441 | 454 | 428 | 292 | - | - | - | - | - | - |
Cash paid during the year for: Income tax paid | |||||||||
740 | 670 | 1,061 | - | - | - | - | - | - | - |
Cash paid during the year for: Interest paid (net of capitalized interest) | |||||||||
- | - | - | - | 308 | - | - | - | - | - |
Cash paid during the year for: Income tax paid | |||||||||
- | - | - | 801 | 719 | - | - | - | - | - |