Related-Party Transactions

12 Months Ended

Dec. 31, 2012

Related Party Transactions [Abstract]

Related-Party Transactions

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 to a former Board member. The following table reflects balances outstanding as of December 31, 2012 and 2011 and the value of the transactions with these related parties for the years ended December 31, 2012 and 2011:

	2012		2011
TRANSACTIONS
Gross sales to Shepherd Neame Ltd.	$	3,527,000	$	5,063,000
Purchases from Shepherd Neame Ltd.		16,192,200		17,310,000
Expenses reimbursement to Shepherd Neame Ltd.		1,030,900		1,167,200
Interest expenses associated with UBA notes (see note 8)		91,300		90,900
Interest paid to Shepherd Neame Ltd.		2,400		7,200
ACCOUNT BALANCES
Accounts payable and accrued liabilities to Shepherd Neame Ltd.		3,894,900		4,856,900
Accounts receivable and prepayments to Shepherd Neame Ltd.		356,300		344,700

Independent outside members of the Board of Directors are compensated for their services. Expenses related to this compensation totaled $114,000 and $91,000 for the years ended December 31, 2012 and 2011 and are included in general and administrative expenses on the statements of operations and comprehensive income.