Segment Information

12 Months Ended

Dec. 31, 2014

Segment Reporting [Abstract]

Segment Information

17. Segment Information

The Company’s business presently consists of two segments – the North American Territory and the Foreign Territory.

The Company’s operations in the North American Territory consist primarily of brewing and marketing proprietary craft beers. For distribution in the North American Territory, the Company brews its brands in its own facilities, which are located in Ukiah, California and Saratoga Springs, New York. This segment accounted for approximately 37% and 41% of the Company’s gross sales during the years 2014 and 2013, respectively.

The Company’s operations in the Foreign Territory, which are conducted through its wholly-owned subsidiary UBIUK and UBIUK’s wholly-owned subsidiary KBEL, consist primarily of the marketing and distribution of Kingfisher Premium Lager in the Foreign Territory through Indian restaurants, chain retail grocers, liquor stores, and other retail outlets (such as convenience stores). This segment accounted for approximately 63% and 59% of the Company’s gross sales during 2014 and 2013 respectively.

A summary of each segment is as follows:

	Year Ended December 31, 2014
	North American Territory			Foreign Territory		Total
Sales	$	12,869,500		$	21,785,400	$	34,654,900
Operating income (loss)		(1,960,600	)		1,041,400		(919,200	)
Identifiable assets		13,862,700			4,815,900		18,678,600
Depreciation and amortization		704,700			677,700		1,382,400
Capital expenditures		105,300			790,400		895,700

	Year Ended December 31, 2013
	North American Territory			Foreign Territory		Total
Sales	$	14,806,700		$	21,611,500	$	36,418,200
Operating income (loss)		(1,037,400	)		771,800		(265,600	)
Identifiable assets		14,852,500			4,414,500		19,267,000
Depreciation and amortization		677,800			427,600		1,105,400
Capital expenditures		342,000			477,000		819,000