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Related-Party Transactions
12 Months Ended
Dec. 31, 2011
Related-Party Transactions Disclosure [Abstract]  
Related Party Transactions Disclosure [Text Block]

10. Related-Party Transactions

 

The Company conducts business with United Breweries of America (UBA), which owns approximately 25% of the Company's Common Stock. Additionally, KBEL has significant transactions with Shepherd Neame, Ltd., which is a related party with respect to former members of the Company's Board of Directors. The following table reflects balances outstanding as of December 31, 2011 and 2010 and the value of the transactions with these related parties for the years ended December 31, 2011 and 2010:

 

    2011     2010  
TRANSACTIONS                
Gross sales to Shepherd Neame Ltd.   $ 5,063,000     $ 5,438,100  
Purchases from Shepherd Neame Ltd.     17,310,000       14,663,500  
Expenses reimbursement to Shepherd Neame Ltd.     1,167,200       1,091,000  
Interest expenses associated with UBA notes (see note 8)     90,900       91,000  
Interest paid to Shepherd Neame Ltd. (see note 8)     7,200       11,600  
ACCOUNT BALANCES                
Accounts payable and accrued liabilities to Shepherd Neame Ltd.     4,856,900       4,248,600  
Accounts receivable and prepayments to Shepherd Neame Ltd.     344,700       276,200  

 

Independent outside members of the Board of Directors are compensated for attending meetings of the Board of Directors and committees thereof either in cash or through the issuance of the Company's Common Stock, which is at the Company's discretion. Expenses related to this compensation totaled $91,000 and $88,000 for the years ended December 31, 2011 and 2010 and are included in general and administrative expenses on the statements of operations. Of these amounts, $27,000 and $28,000 remains unpaid at December 31, 2011 and 2010, respectively.