Related-Party Transactions

12 Months Ended

Dec. 31, 2015

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 HUK, a related party with respect to one of MBC’s Board members. The following table reflects balances outstanding as of December 31, 2015 and 2014 and the value of the transactions with these related parties for the years ended December 31, 2015 and 2014:

	2015		2014
TRANSACTIONS
Purchases from HUK	$	11,713,300	$	12,884,700
Expenses reimbursement including interest expenses to HUK		1,081,200		1,355,000
Interest expenses associated with UBA and Catamaran notes	$	172,100	$	129,700
Borrowing from Catamaran
ACCOUNT BALANCES
Accounts payable and accrued liabilities to HUK	$	1,669,400	$	1,802,300
Notes payable to Catamaran		2,119,600		1,038,700
Notes payable to UBA	$	3,680,100	$	3,588,900

Independent outside members of the Board of Directors are compensated for their services. Accrued expenses related to this compensation totaled $137,800 and $120,300 for the years ended December 31, 2015 and 2014 respectively and are included in general and administrative expenses.