Cold Mountain Vineyard, Inc.
Statements of Operations & Cash Flows
Years Ending December 31, 2001 To 2010
			Actual	Year Ending December 31, 2001																Year Ending December 31, 2002								Year Ending December 31, 2003								Dec-31			Dec-31			December 31,			December 31,			December 31,			December 31,			December 31,
			2000	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec		Total	%		Q1	Q2	Q3	Q4		Total	%		Q1	Q2	Q3	Q4		Total	%		2004	%		2005	%		2006	%		2007	%		2008	%		2009	%		2010	%
REVENUES
	Wine Sales		$       771,713	$          59,002	$          59,002	$          54,787	$          50,573	$          54,787	$          76,654	$        105,360	$        109,575	$          75,859	$          71,645	$          63,216	$            5,940		$           786,400	100.00%		$         245,084	$         255,978	$         412,458	$         282,010		$        1,195,530	100.00%		$         323,577	$         333,075	$         524,630	$         358,445		$        1,539,727	100.00%		$        1,665,519	100.00%		$        1,892,038	100.00%		$        2,216,701	100.00%		$        2,348,413	100.00%		$        2,508,226	100.00%		$        2,698,371	100.00%		$        2,897,860	100.00%
	Cost of Wine Sales		(281,442)	(20,317)	(20,317)	(18,866)	(17,414)	(18,866)	(25,297)	(36,280)	(37,731)	(26,122)	(24,670)	(21,768)	(3,953)		(271,600)	-34.54%		(87,444)	(89,255)	(147,163)	(102,696)		(426,559)	-35.68%		(113,108)	(112,308)	(177,828)	(124,179)		(527,424)	-34.25%		(596,433)	-35.81%		(701,448)	-37.07%		(831,021)	-37.49%		(880,504)	-37.49%		(943,138)	-37.60%		(1,019,110)	-37.77%		(1,095,280)	-37.80%
	Over (Under) Applied @ Standard		-	2,715	4,375	4,430	(5,515)	4,430	4,143	(19,073)	7,818	4,314	5,812	(15,545)	(7,589)		(9,687)	-1.23%		21,533	13,223	(7,435)	(18,398)		8,923	0.75%		23,374	15,243	(11,555)	(15,635)		11,427	0.74%		54,926	3.30%		34,192	1.81%		41,756	1.88%		58,594	2.50%		44,336	1.77%		46,442	1.72%		40,239	1.39%
	Margin		490,271	41,400	43,060	40,352	27,644	40,352	55,501	50,007	79,661	54,052	52,787	25,903	(5,602)		505,113	64.23%		179,173	179,947	257,860	160,915		777,894	65.07%		233,843	236,009	335,247	218,631		1,023,730	66.49%		1,124,013	67.49%		1,224,782	64.73%		1,427,436	64.39%		1,526,503	65.00%		1,609,424	64.17%		1,725,703	63.95%		1,842,819	63.59%
	Sundry Hospitality Sales		32,891	2,515	2,515	2,335	2,155	2,335	3,267	4,491	4,670	3,233	3,054	2,694	253		33,517	100.00%		10,446	10,910	17,579	12,019		50,954	100.00%		13,791	14,196	22,360	15,277		65,624	100.00%		70,986	100.00%		80,640	100.00%		94,477	100.00%		100,091	100.00%		106,903	100.00%		115,007	100.00%		123,509	100.00%
	Cost of Sales	50.00%	(16,446)	(1,257)	(1,257)	(1,168)	(1,078)	(1,168)	(1,634)	(2,245)	(2,335)	(1,617)	(1,527)	(1,347)	(127)		(16,758)	-50.00%		(5,223)	(5,455)	(8,790)	(6,010)		(25,477)	-50.00%		(6,896)	(7,098)	(11,180)	(7,639)		(32,812)	-50.00%		(35,493)	-50.00%		(40,320)	-50.00%		(47,239)	-50.00%		(50,046)	-50.00%		(53,451)	-50.00%		(57,503)	-50.00%		(61,755)	-50.00%
	Margin		16,446	1,257	1,257	1,168	1,078	1,168	1,634	2,245	2,335	1,617	1,527	1,347	127		16,758	50.00%		5,223	5,455	8,790	6,010		25,477	50.00%		6,896	7,098	11,180	7,639		32,812	50.00%		35,493	50.00%		40,320	50.00%		47,239	50.00%		50,046	50.00%		53,451	50.00%		57,503	50.00%		61,755	50.00%
	Total Margin		506,717	42,657	44,317	41,519	28,721	41,519	57,134	52,252	81,996	55,669	54,313	27,250	(5,476)		521,872	63.65%		184,395	185,402	266,649	166,925		803,371	64.45%		240,739	243,107	346,427	226,269		1,056,542	65.81%		1,159,506	66.77%		1,265,102	64.13%		1,474,675	63.81%		1,576,548	64.39%		1,662,875	63.59%		1,783,206	63.38%		1,904,573	63.04%
	Margin Percentage		62.98%	69.34%	72.04%	72.68%	54.47%	72.68%	71.49%	47.57%	71.77%	70.38%	72.71%	41.34%	-88.42%					72.16%	69.47%	62.01%	56.77%					71.36%	70.01%	63.33%	60.54%					66.77%			64.13%			63.81%			64.39%			63.59%			63.38%			63.04%
OPERATING EXPENSES
	Sales & Marketing		311,649	20,530	26,830	20,203	18,025	24,853	19,443	22,934	23,162	27,941	20,463	18,508	17,298		260,191	31.73%		73,733	68,522	82,979	65,059		290,293	23.29%		80,059	74,752	91,374	71,119		317,305	19.77%		370,578	21.34%		392,139	19.88%		491,388	21.26%		510,194	20.84%		531,304	20.32%		554,945	19.73%		579,893	19.19%
	General & Administrative		163,407	15,881	12,952	22,657	15,521	12,821	19,352	17,147	18,276	15,577	16,275	13,890	13,893		194,243	23.69%		55,872	51,802	56,253	48,682		212,609	17.06%		61,149	56,796	62,190	53,783		233,918	14.57%		247,055	14.23%		327,822	16.62%		344,459	14.90%		397,633	16.24%		416,713	15.93%		437,754	15.56%		459,865	15.22%
	Total Operating Expenses		475,056	36,412	39,783	42,860	33,546	37,674	38,795	40,081	41,438	43,518	36,738	32,398	31,191		454,433	55.42%		129,605	120,325	139,232	113,741		502,903	40.35%		141,208	131,548	153,565	124,902		551,223	34.34%		617,632	35.57%		719,961	36.50%		835,847	36.17%		907,827	37.08%		948,017	36.25%		992,699	35.28%		1,039,757	34.41%
	Income from Operations		31,661	6,245	4,534	(1,341)	(4,825)	3,845	18,339	12,171	40,558	12,151	17,575	(5,148)	(36,667)		67,438	8.23%		54,790	65,077	127,417	53,184		300,469	24.11%		99,531	111,559	192,862	101,367		505,319	31.48%		541,873	31.20%		545,142	27.63%		638,828	27.64%		668,722	27.31%		714,858	27.34%		790,508	28.10%		864,816	28.62%
OTHER INCOME (EXPENSE)
	Interest Income		24	79	83	83	83	83	83	83	83	83	83	83	83	#	995	0.12%		-	(174)	215	250		292	0.02%		-	250	250	250		750	0.05%		1,000	0.06%		1,000	0.05%		1,000	0.04%		1,000	0.04%		1,000	0.04%		1,000	0.04%		5,112	0.17%
	Interest Expense		(40,337)	(5,653)	(5,211)	(5,198)	(5,222)	(5,387)	(5,416)	(5,411)	(5,951)	(5,895)	(5,731)	(5,836)	(6,002)		(66,913)	-8.16%		(20,847)	(20,683)	(20,437)	(20,874)		(82,842)	-6.65%		(22,980)	(21,766)	(20,543)	(20,594)		(85,883)	-5.35%		(93,585)	-5.39%		(92,382)	-4.68%		(93,127)	-4.03%		(76,160)	-3.11%		(60,909)	-2.33%		(57,418)	-2.04%		(35,334)	-1.17%
	Other Income		4,801	-	-	-	-	-	-	-	-	-	-	-	-		-	0.00%		-	-	-	-		-	0.00%							-	0.00%		-	0.00%		-	0.00%		-	0.00%		-	0.00%		-	0.00%		-	0.00%		-	0.00%
	Other Expense		(1,914)	-	-	-	-	-	-	-	-	-	-	-	-		-	0.00%		-	-	-	-		-	0.00%		-	-	-	-		-	0.00%		-	0.00%		-	0.00%		-	0.00%		-	0.00%		-	0.00%		-	0.00%		-	0.00%
	Total Other Income (Expense)		(37,426)	(5,575)	(5,127)	(5,115)	(5,138)	(5,304)	(5,333)	(5,328)	(5,868)	(5,811)	(5,648)	(5,752)	(5,919)		(65,918)	-8.04%		(20,847)	(20,857)	(20,222)	(20,624)		(82,550)	-6.62%		(22,980)	(21,516)	(20,293)	(20,344)		(85,133)	-5.30%		(92,585)	-5.33%		(91,382)	-4.63%		(92,127)	-3.99%		(75,160)	-3.07%		(59,909)	-2.29%		(56,418)	-2.01%		(30,222)	-1.00%
	Earnings Before Syndication Allocation		(5,766)	671	(593)	(6,456)	(9,963)	(1,459)	13,006	6,843	34,690	6,339	11,928	(10,900)	(42,586)		1,520	0.19%		33,944	44,220	107,195	32,559		217,918	17.48%		76,551	90,043	172,569	81,023		420,186	26.17%		449,289	25.87%		453,760	23.00%		546,701	23.65%		593,562	24.24%		654,949	25.04%		734,090	26.09%		834,594	27.62%
ALLOCATION OF SYNDICATION PROFITS			-												-		-	0.00%					(14,940)		(14,940)	-1.20%							-	0.00%			0.00%			0.00%			0.00%			0.00%			0.00%			0.00%			0.00%
	Earnings After Syndication Allocation		(5,766)	671	(593)	(6,456)	(9,963)	(1,459)	13,006	6,843	34,690	6,339	11,928	(10,900)	(42,586)		1,520	0.19%		33,944	44,220	107,195	17,619		202,978	16.28%		76,551	90,043	172,569	81,023		420,186	26.17%		449,289	25.87%		453,760	23.00%		546,701	23.65%		593,562	24.24%		654,949	25.04%		734,090	26.09%		834,594	27.62%
INCOME TAXES			2,303	(268)	237	2,582	3,985	583	(5,203)	(2,737)	(13,876)	(2,536)	(4,771)	4,360	17,034		(608)	-0.07%		(13,577)	(17,688)	(42,878)	(7,048)		(81,191)	-6.51%		(30,620)	(36,017)	(69,028)	(32,409)		(168,074)	-10.47%		(179,716)	-10.35%		(181,504)	-9.20%		(218,680)	-9.46%		(237,425)	-9.70%		(261,980)	-10.02%		(293,636)	-10.44%		(333,837)	-11.05%
	Net Income		$         (3,462)	$               402	$             (356)	$          (3,874)	$          (5,978)	$             (875)	$            7,804	$            4,106	$          20,814	$            3,804	$            7,157	$          (6,540)	$        (25,551)		$                  912	0.11%		$           20,366	$           26,532	$           64,317	$           10,572		121,787	9.77%		$           45,931	$           54,026	$         103,541	$           48,614		252,111	15.70%		$           269,573	15.52%		$           272,256	13.80%		$           328,020	14.19%		$           356,137	14.55%		$           392,970	15.03%		$           440,454	15.66%		$           500,756	16.57%
CASH PROVIDED FROM OPERATING
ACTIVITIES
	Net Income		$         (3,462)	$               402	$             (356)	$          (3,874)	$          (5,978)	$             (875)	$            7,804	$            4,106	$          20,814	$            3,804	$            7,157	$          (6,540)	$        (25,551)		$                  912			$           20,366	$           26,532	$           64,317	$           10,572		$           121,787			$           45,931	$           54,026	$         103,541	$           48,614		$           252,111			$           269,573			$           272,256			$           328,020			$           356,137			$           392,970			$           440,454			$           500,756
	Adjustments to Net Income