威廉амет山谷葡萄园公司2025年季度报告

SECURITIES AND EXCHANGE COMMISSIONWashington, D.C. 20549 FORM10-Q xQUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIESEXCHANGE ACT OF 1934For the quarterly period endedSeptember 30, 2025 oTRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE EXCHANGE ACT Commission File Number001-37610 WILLAMETTE VALLEY VINEYARDS, INC. (Exact name of registrant as specified in charter) Oregon93-0981021(State or other jurisdiction of incorporation or organization)(I.R.S. Employer Identification No.) 8800 Enchanted Way,S.E.,Turner,Oregon97392(Address of principal executive offices)(Zip Code) Registrant’s telephone number, including area code:(503)588-9463 Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Exchange Actduring the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has beensubject to such filing requirements for the past 90 days:xYesoNO Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, everyInteractive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during thepreceding 12 months (or for such shorter period that the registrant was required to submit and post such files):xYesoNO Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smallerreporting company. See the definitions of “large accelerated filer,” “accelerated filer,” and “smaller reporting company” in Rule 12b-2of the Exchange Act: If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period forcomplying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.o Indicate by checkmark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act):oYESxNO Securities registered pursuant to Section 12(b) of the Act: Number of shares of common stock outstanding as of November 13, 2025:4,964,529 WILLAMETTE VALLEY VINEYARDS, INC.INDEX TO FORM 10-Q Part I - Financial Information3Item 1 - Financial Statements (unaudited)3Condensed Balance Sheets3Condensed Statements of Operations4Condensed Statements of Shareholders’ Equity5Condensed Statements of Cash Flows6Notes to Unaudited Interim Financial Statements7Item 2 - Management’s Discussion and Analysis of Financial Condition and Results of Operations13Item 3 - Quantitative and Qualitative Disclosures about Market Risk16Item 4 - Controls and Procedures16Part II - Other Information17Item 1 - Legal Proceedings17Item 1A - Risk Factors17Item 2 - Unregistered Sales of Equity Securities and Use of Proceeds17Item 3 - Defaults Upon Senior Securities17Item 4 - Mine Safety Disclosures17Item 5 - Other Information17Item 6 - Exhibits18Signatures192 SHAREHOLDERS’ EQUITYRedeemable preferred stock,nopar value,100,000,000shares authorized,10,239,573shares NOTES TO UNAUDITED INTERIM FINANCIAL STATEMENTS 1)BASIS OF PRESENTATION The accompanying unaudited interim financial statements as of September 30, 2025 and for the three and nine months endedSeptember 30, 2025 and 2024 have been prepared in conformity with accounting principles generally accepted in the United States(“U.S. GAAP”) for interim financial statements. The financial information as of December 31, 2024 is derived from the auditedfinancial statements presented in the Willamette Valley Vineyards, Inc. (the “Company”) Annual Report on Form 10-K for the yearended December 31, 2024. Certain information or footnote disclosures normally included in financial statements prepared inaccordance with U.S. GAAP have been condensed or omitted pursuant to the rules and regulations of the Securities and ExchangeCommission. In the opinion of management, the accompanying financial statements include all adjustments necessary (which are of anormal recurring nature) for the fair statement of the results of the interim periods presented. The accompanying financial statementsshould be read in conjunction with the Company’s audited financial statements for the year ended December 31, 2024, as presented inthe Company’s Annual Report on Form 10-K. Operating results for the three and nine months ended September 30, 2025 are not necessarily indicative of the results that may beexpected for the entire year ending December 31, 2025, or any portion thereof. The Company’s revenues include direct to consumer sales and national sales to distributors. These sales channels utilize sharedresources for production, selling, and distribution. Basic loss per share after preferred stock dividends are computed based on the weighted-average number of common sharesoutstanding each period. The following table presents the earnings per share after preferred stock dividends calculation for the periods sh