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Related-Party Transactions
6 Months Ended
Jun. 30, 2012
Related Party Transactions [Abstract]  
Related-Party Transactions

9.    Related-Party Transactions

 

The Company and its subsidiaries have entered into or amended several agreements with affiliated and related entities. Among these are a Market Development Agreement, a Distribution Agreement and a Trademark Licensing Agreement between MBC and Kingfisher of America, Inc., and a License Agreement between UBIUK and UBHL. KBEL is a party to a brewing agreement, and a loan agreement with Shepherd Neame which is discussed in Note 6.

 

The following tables reflect the value of the transactions during the six months ended June 30, 2012 and 2011 and the balances outstanding as of June 30, 2012 and December 31, 2011.

 

TRANSACTIONS   2012     2011  
Sales to Shepherd Neame   $ 1,842,800     $ 2,920,000  
Purchases from Shepherd Neame   $ 7,856,800     $ 8,447,200  
Expense reimbursement to Shepherd Neame   $ 512,900     $ 574,600  
Interest expense related to UBA convertible notes   $ 45,400     $ 45,100  

 

ACCOUNT BALANCES   June 30, 2012     Dec 31, 2011  
Accounts payable to Shepherd Neame   $ 3,608,200     $ 4,856,900  
Accounts receivable from Shepherd Neame   $ 393,100     $ 344,700