Segment Information

12 Months Ended

Dec. 31, 2015

Segment Reporting [Abstract]

Segment Information

16. 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 38% and 37% of the Company’s gross sales during the years 2015 and 2014, 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 62% and 63% of the Company’s gross sales during 2015 and 2014 respectively.

A summary of each segment is as follows:

	Year Ended December 31, 2015
	North American Territory			Foreign Territory		Total
Sales	$	11,872,300		$	19,819,600	$	31,691,900
Operating income (loss)		(1,144,100	)		491,500		(652,600	)
Identifiable assets		12,426,800			4,609,200		17,036,000
Depreciation and amortization		696,500			529,700		1,226,200
Capital expenditures		125,500			622,500		748,000

	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