Willamette Valley Vineyards Inc 2026年季度报告

SECURITIES AND EXCHANGE COMMISSIONWashington, D.C. 20549 FORM 10-Q QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIESEXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2026 TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE EXCHANGE ACT Commission File Number 001-37610 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: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 (§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):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: 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 checkmark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act):YESNO Securities registered pursuant to Section 12(b) of the Act: 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 Operations14Item 3 - Quantitative and Qualitative Disclosures about Market Risk17Item 4 - Controls and Procedures17Part 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 NOTES TO UNAUDITED INTERIM FINANCIAL STATEMENTS 1) BASIS OF PRESENTATION The accompanying unaudited interim condensed financial statements as of March 31, 2026 and for the three months ended March 31,2026 and 2025 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, 2025 is derived from the audited financial statementspresented in the Willamette Valley Vineyards, Inc. (the “Company”) Annual Report on Form 10-K for the year ended December 31,2025 (the “2025 Report”). 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 unaudited interimcondensed financial statements should be read in conjunction with the Company’s audited financial statements for the year endedDecember 31, 2025, as presented in the Company’s Annual Report on Form 10-K. Operating results for the three months ended March 31, 2026 are not necessarily indicative of the results that may be expected for theentire year ending December 31, 2026, 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 shown: Subsequent to the filing of the 2025 Report there were no accounting pronouncements issued by the Financial Accounting StandardsBoard (“FASB”) that