Unrestricted Net Assets

9 Months Ended

Sep. 30, 2011

Disclosure Text Block Supplement [Abstract]

Restricted Assets Disclosure [Text Block]

12.           Unrestricted Net Assets

Our wholly-owned subsidiary, UBIUK, has accumulated undistributed losses of $2,665,300 as of September 30, 2011.  Under KBEL's line of credit agreement with RBS, distributions and other payments to us from our subsidiary are not permitted if retained earnings drop below $1,614,200.

Condensed financial information of the parent company, MBC together with its other subsidiary, Releta is as follows:

	September 30,			December 31,
	2011			2010
	(unaudited)
Assets
Cash	$	119,600		$	64,900
Accounts receivable		2,455,400			1,754,600
Inventories		2,196,900			1,756,700
Other current assets		102,700			360,300
Total current assets		4,874,600			3,936,500
Investment in UBIUK		1,225,000			1,225,000
Property and equipment		10,295,400			10,401,800
Other assets		334,300			152,700
Intercompany account balance with UBIUK		170,100			(17,900	)
Total assets	$	16,899,400		$	15,698,100
Liabilities and Stockholders' Equity
Liabilities
Line of credit	$	229,500		$	1,621,200
Accounts payable		1,617,000			1,265,700
Accrued liabilities		1,183,200			899,700
Current maturities of debt and leases		472,300			3,564,800
Current maturities of notes payable to a related  party		—			3,224,800
Total current liabilities		3,502,000			10,576,200
Long-term debt and capital leases		4,399,700			49,700
Notes payable to a related party		3,292,800			—
Total liabilities	$	11,194,500		$	10,625,900
Stockholders' equity
Preferred stock		227,600			227,600
Common stock		15,100,300			15,043,300
Accumulated deficit		(9,623,000	)		(10,198,700	)
Total stockholders' equity		5,704,900			5,072,200
Total liabilities and stockholders' equity	$	16,899,400		$	15,698,100

Statements of Operations	Three months ended Sept 30						Nine months ended Sept 30
	2011			2010			2011			2010
	(unaudited)			(unaudited)			(unaudited)			(unaudited)
Net sales	$	4,385,800		$	4,293,300		$	12,349,900		$	11,500,900
Cost of goods sold		3,141,300			3,163,000			8,927,900			8,596,900
Sales, marketing, and retail expenses		440,300			358,800			1,202,700			1,016,000
General and administrative expenses		475,300			482,400			1,457,700			1,403,300
Income from operations		328,900			289,100			761,600			484,700
Other (income)		(40,200	)		(39,400	)		(110,500	)		(113,400	)
Interest expense		90,400			115,200			289,300			345,200
Provision for taxes		—			3,500			7,100			6,100
Net income	$	278,700		$	209,800		$	575,700		$	246,800

Statements of Cash Flows	Nine months ended September 30
	2011			2010
	(unaudited)			(unaudited)
Cash flows from operating activities	$	693,600		$	424,300
Purchase of property and equipment		(316,700	)		(46,700	)
Net repayment on line of credit		(1,391,700	)		—
Borrowing on long term debt		4,881,000			171,400
Repayment on long term debt		(3,588,300	)		(233,300	)
Payment on obligation under capital lease		(35,200	)		(46,700	)
Net change in payable to UBI		(188,000	)		(190,600	)
Increase (decrease) in cash		54,700			78,400
Cash, beginning of period		64,900			46,700
Cash, end of period	$	119,600		$	125,100