Cold Mountain Vineyard, Inc.
Combined Balance Sheets
December 31, 2001 Through 2010
									Year Ending												Year Ending								Year Ending
			Opening						December 31,	2001											December 31,	2002							December 31,	2003						Dec-31			Dec-31			Dec-31			Dec-31			Dec-31			Dec-31			Dec-31
			Balance	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec					Q1	Q2	Q3	Q4					Q1	Q2	Q3	Q4					2004			2005			2006			2007			2008			2009			2010
		ASSETS
Current Assets
	Cash		$23,590	$             25,000	$             25,000	$             25,000	$             25,000	$             25,000	$             25,000	$             25,000	$             25,000	$             25,000	$             25,000	$             25,000	$           (14,813)					$           (17,379)	$             21,540	$             25,000	$           (16,567)					$             25,000	$             25,000	$             25,000	$             25,000					$               25,000			$               25,000			$               25,000			$               25,000			$               25,000			$             127,805			$             462,218
	Accounts Receivable		128,683	34,194	34,194	32,211	30,229	32,211	42,228	56,006	57,989	42,126	40,143	36,177	9,701					45,375	42,161	45,375	83,750					59,636	54,485	57,101	105,309					-			1,715			-			7,280			-			7,726			-
	Inventories:
	Wine In Process		321,000	346,342	371,685	397,027	422,370	447,712	473,055	580,066	658,922	686,981	715,040	835,824	867,389					527,355	621,618	870,290	1,088,364					656,757	762,421	1,032,549	1,263,375					1,419,612			1,507,443			1,656,189			1,804,561			1,924,576			2,000,547			2,014,851
	Wine Finished Goods		431,000	410,971	390,942	372,365	355,239	336,661	311,652	275,660	238,217	212,384	188,001	166,521	162,616					510,748	422,774	276,892	175,122					600,919	490,245	314,034	191,023					256,616			387,759			401,872			441,101			493,165			545,662			598,458
	Dry Goods		12,414	12,414	12,414	12,414	12,414	12,414	12,414	12,414	12,414	12,414	12,414	12,414	12,414					12,414	12,414	12,414	12,414					12,414	12,414	12,414	12,414					12,414			12,414			12,414			12,414			12,414			12,414			12,414
	Other Current Assets		15,026	15,026	15,026	15,026	15,026	15,026	15,026	15,026	15,026	15,026	15,026	15,026	15,026					15,026	15,026	15,026	15,026					15,026	15,026	15,026	15,026					15,026			15,026			15,026			15,026			15,026			15,026			15,026
		Total Current Assets	$931,713	843,948	849,262	854,044	860,277	869,025	879,375	964,172	1,007,568	993,931	995,625	1,090,963	1,052,334					1,093,539	1,135,533	1,244,997	1,358,108					1,369,752	1,359,591	1,456,123	1,612,148					1,728,669			1,949,358			2,110,501			2,305,382			2,470,182			2,709,180			3,102,967
Property & Equipment
	Barrels - White		50,872	65,497	65,497	65,497	65,497	65,497	65,497	65,497	65,497	65,497	85,972	85,972	85,972					95,186	95,186	95,186	95,186					95,186	95,186	95,186	117,759					148,234			176,677			208,675			237,118			262,005			283,337			311,780
	Barrels - Red		25,436	25,436	25,436	25,436	25,436	25,436	25,436	25,436	25,436	25,436	25,436	25,436	25,436					25,436	25,436	25,436	25,436					25,436	25,436	25,436	25,436					25,436			25,436			25,436			25,436			25,436			25,436			25,436
	Crushing Equipment		-	-	-	-	-	-	-	-	-	-	-	-	-					-	-	-	-					-	-	-	-					25,000			25,000			25,000			25,000			25,000			25,000			25,000
	Vineyard Equipment		23,672	23,672	23,672	23,672	23,672	23,672	23,672	23,672	23,672	23,672	23,672	23,672	23,672					23,672	23,672	23,672	23,672					23,672	23,672	33,672	33,672					33,672			53,672			58,672			63,672			78,672			88,672			88,672
	Cellar Equipment		265,691	265,691	265,691	265,691	265,691	265,691	273,691	275,191	275,191	280,191	280,191	280,191	280,191					280,191	285,191	285,191	285,191					285,191	295,191	295,191	295,191					325,191			375,191			375,191			375,191			375,191			375,191			375,191
	Hospitality Suite		8,809	8,809	8,809	8,809	8,809	8,809	8,809	8,809	8,809	8,809	8,809	8,809	8,809					8,809	8,809	8,809	8,809					8,809	8,809	8,809	8,809					8,809			8,809			8,809			8,809			8,809			8,809			8,809
	Office		42,835	42,835	42,835	42,835	45,335	45,335	45,335	45,335	52,335	52,335	52,335	52,335	52,335					52,335	52,335	57,335	57,335					57,335	62,335	62,335	62,335					67,335			72,335			72,335			72,335			72,335			72,335			72,335
	Vineyard - Vines & Appurtenances			-	-	-	-	-	-	-	-	-	-	-	-					-	-	-	-					-	-	-	-					-			-			-			-			200,000			200,000			425,000
	Land		-	-	-	-	-	-	-	-	-	-	-	-	-					-	-	-	-					-	-	-	-					-			-			-			-			-			-			-
	Land Improvements		-	-	-	-	-	2,500	2,500	2,500	2,500	2,500	2,500	2,500	2,500					2,500	2,500	2,500	2,500					2,500	2,500	27,500	27,500					52,500			77,500			77,500			132,500			132,500			132,500			132,500
	Buildings		-	-	-	-	-	-	-	-	-	-	-	-	-					-	-	-	-					-	-	-	-					-			-			-			-			-			-			-
	Building Improvements		7,116	7,116	7,116	7,116	7,116	7,116	7,116	7,116	7,116	7,116	7,116	17,116	17,116					17,116	17,116	17,116	17,116					17,116	17,116	17,116	17,116					117,116			117,116			117,116			117,116			117,116			142,116			142,116
		Total Property & Equipment	424,431	439,056	439,056	439,056	441,556	444,056	452,056	453,556	460,556	465,556	486,031	496,031	496,031					505,245	510,245	515,245	515,245					515,245	530,245	565,245	587,818					803,293			931,736			968,734			1,057,177			1,297,064			1,353,396			1,606,839
	Less: Accumulated Depreciation		(302,759)	(306,652)	(310,544)	(314,437)	(318,330)	(322,223)	(326,115)	(330,008)	(333,901)	(337,794)	(341,686)	(345,579)	(349,472)					(364,184)	(378,896)	(393,608)	(408,321)					(421,215)	(434,110)	(447,004)	(459,898)					(514,105)			(582,333)			(660,573)			(741,454)			(822,009)			(906,231)			(995,307)
		Net Property & Equipment	121,672	132,404	128,512	124,619	123,226	121,833	125,941	123,548	126,655	127,762	144,345	150,452	146,559					141,061	131,349	121,636	106,924					94,030	96,135	118,241	127,920					289,187			349,403			308,161			315,723			475,055			447,166			611,533
Other Assets
	BATF Bond		4,000	4,000	4,000	4,000	4,000	4,000	4,000	4,000	4,000	4,000	4,000	4,000	4,000					4,000	4,000	4,000	4,000					4,000	4,000	4,000	4,000					4,000			4,000			4,000			4,000			4,000			4,000			4,000
		Total Assets	$        1,057,385	$           980,352	$           981,773	$           982,663	$           987,503	$           994,858	$        1,009,316	$        1,091,720	$        1,138,223	$        1,125,693	$        1,143,969	$        1,245,415	$        1,202,893					$        1,238,600	$        1,270,881	$        1,370,633	$        1,469,032					$        1,467,782	$        1,459,726	$        1,578,364	$        1,744,068					$          2,021,856			$          2,302,760			$          2,422,661			$          2,625,105			$          2,949,236			$          3,160,346			$          3,718,500
		LIABILITIES & EQUITY
Current Liabilities
	Accounts Payable		$             39,690	24,464	27,373	30,580	21,334	25,332	26,163	24,689	44,040	33,455	25,301	113,758	26,999					34,675	30,023	37,689	33,390					38,418	33,521	41,516	35,145					39,589			43,556			26,139			50,351			28,759			51,384			31,769
	Bank Credit Line		460,000	394,582	398,191	406,838	434,155	442,267	442,603	523,540	517,174	496,949	506,002	529,857	669,503					674,767	678,855	715,339	821,266					769,672	709,054	697,401	822,938					715,066			698,566			530,988			349,655			223,729			-			-
	Current Portion of Term Debt		56,753	58,333	58,403	58,449	58,814	59,150	60,007	60,271	61,058	61,607	60,496	58,277	55,016					44,989	34,282	23,330	21,443					20,708	21,494	20,245	25,555					43,397			48,692			44,151			45,759			62,294			57,277			73,092
	Accrued Expenses		9,194	9,394	9,594	9,794	9,994	10,194	10,394	10,594	10,794	10,994	11,194	11,394	11,594					11,594	11,594	11,594	11,594					11,594	11,594	11,594	11,594					11,594			11,594			11,594			11,594			11,594			11,594			11,594
	Income Taxes		2,200