Related-Party Transactions

6 Months Ended

Jun. 30, 2014

Related Party Transactions [Abstract]

Related-Party Transactions

11. Related-Party Transactions

The Company conducts business with United Breweries of America, Inc. (“UBA”), which owns approximately 25% of the Company’s common stock. Until October 2013, KBEL had significant transactions with Shepherd Neame, Ltd., which is a related party with respect to a former Board member. KBEL also had significant transactions with HUK, a related party with respect to one of MBC’s Board members, beginning in October 2013.

The following table reflects the value of the transactions during the six months ended June 30, 2014 and June 30, 2013 and the balances outstanding as of June 30, 2014 and December 31, 2013.

	June 30, 2014		June 30, 2013
TRANSACTIONS
Sales to Shepherd Neame	$	-	$	1,667,100
Purchases from Shepherd Neame	$	-	$	7,044,200
Expense reimbursement to Shepherd Neame	$	-	$	515,300
Purchase from HUK	$	6,523,700	$	-
Expense reimbursement to HUK	$	507,900	$	-
Interest on HUK debt	$	40,200	$	-
Borrowing from Catamaran	$	1,000,000	$	-
Interest on Catamaran notes	$	14,800	$	-
Interest expense related to UBA convertible notes	$	45,100	$	45,100

	June 30, 2014		Dec 31, 2013
ACCOUNT BALANCES
Accounts payable and accrued liability to Shepherd Neame	$	-	$	2,841,800
Accounts receivable and prepayments - Shepherd Neame	$	-	$	282,900
Accounts payable and accrued liability to HUK	$	1,846,400	$	-