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| Revenue | Revenue Disaggregated revenue information The following table presents the percentages of consolidated net sales disaggregated by sales channels:
_______________________________________________ (a) Includes $0.7 million of sales related to bulk and grape sales for both the nine months ended April 30, 2024 and 2023. (b) Includes shipping and handling revenue of $1.2 million and $0.3 million for the three months ended April 30, 2024 and 2023, respectively, and $2.4 million and $1.4 million for the nine months ended April 30, 2024 and 2023, respectively. (c) For the three and nine months ended April 30, 2024, excludes lease income of $0.3 million and $2.2 million, respectively, from Geyserville winery acquired in June 2023. Charges, recoveries and reductions related to credit loss on accounts receivable and the related allowance were immaterial for the three and nine months ended April 30, 2024 and 2023. The allowance for credit losses was $0.5 million as of April 30, 2024 and July 31, 2023. Contract balances When the Company receives payment from a customer, prior to meeting the performance obligation under the terms of a contract, the Company records deferred revenue, which represents a contract liability. The Company’s deferred revenue is primarily comprised of cash collected from wine sold through our DTC channel ahead of the wine shipment date. The Company does not recognize revenue until control of the wine is transferred and the performance obligation is met. Deferred revenue included in other current liabilities within the Condensed Consolidated Statements of Financial Position was $1.1 million and $0.1 million at April 30, 2024 and July 31, 2023, respectively. The Company recognized revenue of $5.2 million and $3.2 million during the three months ended April 30, 2024 and 2023, included in the opening contract liability balance for the corresponding period. The Company recognized revenue of $0.1 million and $0.3 million during the nine months ended April 30, 2024 and 2023, included in the opening contract liability balance for the corresponding period.
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