Related-Party Transactions

12 Months Ended

Dec. 31, 2013

Related Party Transactions [Abstract]

Related-Party Transactions

11. Related-Party Transactions

The Company conducts business with United Breweries of America (UBA), which owns approximately 25% of the Company’s common stock. KBEL had significant transactions with Shepherd Neame, Ltd., which is a related party to a former Board member. KBEL also had significant transactions with HUK, a related party with respect to one of MBC’s Board members. The following table reflects balances outstanding as of December 31, 2013 and 2012 and the value of the transactions with these related parties for the years ended December 31, 2013 and 2012:

	2013		2012
TRANSACTIONS
Gross sales to Shepherd Neame Ltd.	$	2,400,400	$	3,527,000
Purchases from Shepherd Neame Ltd.		11,367,700		16,192,200
Expenses reimbursement to Shepherd Neame Ltd.		865,100		1,030,900
Purchases from HUK		3,006,100		—
Expenses reimbursement to HUK		375,500		—
Interest expenses associated with UBA notes		90,900		91,300
Interest paid to Shepherd Neame Ltd.		2,400		2,400
ACCOUNT BALANCES
Accounts payable and accrued liabilities to Shepherd Neame Ltd.		70,400		3,894,900
Accounts receivable and prepayments to Shepherd Neame Ltd.		5,000		356,300
Accounts payable and accrued liabilities to HUK		1,746,800		—

Independent outside members of the Board of Directors are compensated for their services. Expenses related to this compensation totaled $152,800 and $114,000 for the years ended December 31, 2013 and 2012 and are included in general and administrative expenses on the statements of operations and comprehensive income.