Willamette Valley Vineyards Inc 2025年度报告

FORM10-K (Mark One) ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2025 or TRANSITION REPORT PURSUANT TO SECTION13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _________________ to _______________________ Commission file number: 000-21522 WILLAMETTE VALLEY VINEYARDS, INC. (Exact name of registrant as specified in its charter) Oregon93-0981021(State or other jurisdiction ofincorporation or organization)(I.R.S. EmployerIdentification No.) 8800 Enchanted Way, S.E.Turner, OR 97392(Address of principal executive offices) Registrant’s telephone number, including area code: (503) 588-9463 Securities registered pursuant to Section 12(b) of the Act: Title of each classTrading Symbol(s)Name of each exchange on whichregisteredCommon StockWVVINASDAQ Capital MarketSeries A Redeemable Preferred StockWVVIPNASDAQ Capital Market Securities registered pursuant to Section12(g) of the Act:None(Title of class) Indicate by check mark if the registrant is not required to file reports pursuant to Section13 or 15(d) of the Securities Exchange Act:YesNo Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the SecuritiesExchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports),and (2) has been subject to such filing requirements for the past 90 days: YesNo 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 during the preceding 12 months (orfor such shorter period that the registrant was required to submit and post such files): YesNo 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: Large accelerated filerAccelerated filerNon-accelerated filerSmaller reporting company Emerging growth company 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. Indicate by check mark whether the registrant has filed a report on and attestation to its management’s assessment of the effectivenessof its internal control over financial reporting under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C. 7262(b)) by the registeredpublic accounting firm that prepared or issued its audit report. If securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether the financial statements of theregistrant included in the filing reflect the correction of an error to previously issued financial statements. Indicate by check mark whether any of those error corrections are restatements that required a recovery analysis of incentive-basedcompensation received by any of the registrant’s executive officers during the relevant recovery period pursuant to §240.10D-1(b). Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Act): YesNo The aggregate market value of common stock held by non-affiliates of the registrant as of June 30, 2025 was approximately$25,228,957. The number of outstanding shares of the registrant’s common stock as of March 24, 2026 was 4,979,529. None WILLAMETTE VALLEY VINEYARDS, INC.FORM10-K TABLE OF CONTENTS PAGE Item 1Business4Item 1ARisk Factors12Item 1BUnresolved Staff Comments17Item 2Properties17Item 3Legal Proceedings18Item 4Mine Safety Disclosures18 PART II Item 5Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities18Item 6Selected Financial Data18Item 7Management’s Discussion and Analysis of Financial Condition and Results of Operations18Item 7AQuantitative and Qualitative Disclosures about Market Risk25Item 8Financial Statements and Supplementary Data26Item 9Changes in and Disagreements with Accountants on Accounting and Financial Disclosure45Item 9AControls and Procedures45Item 9BOther Information45Item 9CDisclosure Regarding Foreign Jurisdictions that Prevent Inspections45 Item 10Directors, Executive Officers and Corporate Governance46Item 11Executive Compensation48Item 12Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters50Item 13Certain Relationships and Related Transactions, and Director Independence51Item 14Principal Accounting Fees and Services52Item 15Exhibits, Financial Statement Schedules53 WILLAMETTE VALLEY VINEYARDS, INC.FORM 10-K As used in this Annual Repor