Spring Mountain reports $573,600 net loss for January

By Sarah Lizee

Olympia, Wash., Feb. 22 – Spring Mountain Vineyard Inc. reported a $573,600 net loss on $269,100 gross income/sales for January, according to its monthly operating report filed with the U.S. Bankruptcy Court for the Northern District of California.

In comparison, the company reported a $1.57 million net loss on $198,900 gross income/sales for December.

The cash balance at the end of January was $1.23 million, up from $999,200 at the end of December.

The Saint Helena, Calif.-based winery filed bankruptcy on Sept. 29 under Chapter 11 case number 22-10381.

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