Related-Party Transactions

12 Months Ended

Dec. 31, 2014

Related Party Transactions [Abstract]

Related-Party Transactions

13. Related-Party Transactions

The Company conducts business with United Breweries of America (UBA) and Catamaran, which are or are related to major stockholders of the Company. 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, 2014 and 2013 and the value of the transactions with these related parties for the years ended December 31, 2014 and 2013:

	2014		2013
TRANSACTIONS
Gross sales to Shepherd Neame Ltd.	$	-	$	2,400,400
Purchases from Shepherd Neame Ltd.		-		11,367,700
Expenses reimbursement to Shepherd Neame Ltd.		-		865,100
Purchases from HUK		12,884,700		3,006,100
Expenses reimbursement to HUK		1,355,000		375,500
Interest expenses associated with UBA and Catamaran notes		129,700		90,900
Interest paid to Shepherd Neame Ltd.		-		2,400
ACCOUNT BALANCES
Accounts payable and accrued liabilities to Shepherd Neame Ltd.		-		70,400
Accounts receivable and prepayments to Shepherd Neame Ltd.		-		5,000
Accounts payable and accrued liabilities to HUK		1,802,300		1,746,800

Independent outside members of the Board of Directors are compensated for their services. Expenses related to this compensation totaled $120,300 and $152,800 for the years ended December 31, 2014 and 2013 respectively and are included in general and administrative expenses.