0001493152-16-012400.txt : 20160815 0001493152-16-012400.hdr.sgml : 20160815 20160815143430 ACCESSION NUMBER: 0001493152-16-012400 CONFORMED SUBMISSION TYPE: 10-Q PUBLIC DOCUMENT COUNT: 70 CONFORMED PERIOD OF REPORT: 20160630 FILED AS OF DATE: 20160815 DATE AS OF CHANGE: 20160815 FILER: COMPANY DATA: COMPANY CONFORMED NAME: MENDOCINO BREWING CO INC CENTRAL INDEX KEY: 0000919134 STANDARD INDUSTRIAL CLASSIFICATION: MALT BEVERAGES [2082] IRS NUMBER: 680318293 STATE OF INCORPORATION: CA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 10-Q SEC ACT: 1934 Act SEC FILE NUMBER: 001-13636 FILM NUMBER: 161831860 BUSINESS ADDRESS: STREET 1: 1601 AIRPORT ROAD CITY: UKIAH, STATE: CA ZIP: 95482 BUSINESS PHONE: 7077441015 MAIL ADDRESS: STREET 1: 1601 AIRPORT ROAD CITY: UKIAH, STATE: CA ZIP: 95482 10-Q 1 form10-q.htm

United states

securities and exchange commission

WASHINGTON, D.C. 20549

Form 10-q

(Mark One)

[X]	QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended June 30, 2016

[ ]	TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from ______________________ to ____________________

Commission file number 1-13636

Mendocino Brewing Company, Inc.

(Exact Name of Registrant as Specified in Its Charter)

California	68-0318293
(State or Other Jurisdiction of	(I.R.S. Employer
Incorporation or Organization)	Identification No.)

1601 Airport Road, Ukiah, California		95482
(Address of principal executive offices)		(Zip Code)

(707) 463-2087

(Registrant’s Telephone Number, Including Area Code)

Not Applicable

(Former Name, Former Address and Former Fiscal Year,

if Changed Since Last Report)

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes [X] No [ ]

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files). Yes [X] No [ ]

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See the definitions of “large accelerated filer,” “accelerated filer” and “smaller reporting company” in Rule 12b-2 of the Exchange Act. (Check one):

Large accelerated filer [ ] Accelerated filer [ ] Non-accelerated filer [ ] Smaller reporting company [X]

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes [ ] No [X]

applicable only to corporate issuers:

The number of shares of Mendocino Brewing Company, Inc.’s common stock outstanding as of August 12, 2016 was 12,611,133.

MENDOCINO BREWING COMPANY, INC.

INDEX

			Page
PART I. FINANCIAL INFORMATION

	ITEM 1.	Financial Statements	3

		Condensed consolidated balance sheets as of June 30, 2016 (unaudited) and December 31, 2015	3

		Condensed consolidated statements of operations and comprehensive income (loss) for the three and six months ended June 30, 2016 and 2015 (unaudited)	4

		Condensed consolidated statements of cash flows for the six months ended June 30, 2016 and 2015 (unaudited)	5

		Notes to condensed consolidated financial statements (unaudited)	6

	ITEM 2.	Management’s Discussion and Analysis of Financial Condition and Results of Operations	24

	ITEM 3.	Quantitative and Qualitative Disclosures about Market Risk	37

	ITEM 4.	Controls and Procedures	37

PART II. OTHER INFORMATION

	ITEM 1.	Legal Proceedings

	ITEM 1A.	Risk Factors

	ITEM 2.	Unregistered Sales of Equity Securities and Use of Proceeds

	ITEM 3.	Defaults Upon Senior Securities	38

	ITEM 4.	Mine Safety Disclosures

	ITEM 5.	Other Information

	ITEM 6.	Exhibits	38

SIGNATURES			39

PART I

Item 1. Financial Statements.

MENDOCINO BREWING COMPANY, INC.

CONDENSED CONSOLIDATED BALANCE SHEETS

	June 30, 2016			December 31, 2015
	(Unaudited)
ASSETS
Current Assets
Cash	$	102,400		$	129,600
Accounts receivable, net		3,211,600			3,835,500
Inventories		1,345,300			1,547,000
Prepaid expenses		721,200			759,900
Total Current Assets		5,380,500			6,272,000

Property and Equipment, net		10,024,400			10,588,200
Deposits and other assets		194,300			175,800

Total Assets	$	15,599,200		$	17,036,000

LIABILITIES AND STOCKHOLDERS’ EQUITY

Current Liabilities
Secured lines of credit	$	1,408,100		$	1,663,400
Accounts payable		4,033,500			4,489,000
Accrued liabilities		2,040,100			1,908,700
Notes payable to related party		2,575,200			2,119,600
Subordinated convertible notes to related party		3,727,900			3,680,100
Current maturities of secured notes payable		3,111,300			3,378,600
Current maturities of long-term debt to related party		220,700			491,500
Current maturities of obligations under capital leases		21,500			23,100
Current maturities of severance payable		127,300			119,700
Total Current Liabilities		17,265,600			17,873,700

Long-Term Liabilities
Capital lease obligations, less current maturities		62,700			79,200
Severance payable		721,200			678,400
Total Long-Term Liabilities		783,900			757,600

Total Liabilities		18,049,500			18,631,300

Commitments and contingencies		-			-

Stockholders’ Deficit
Preferred stock, Series A, no par value, with liquidation preference of $1 per share; 10,000,000 shares authorized, 227,600 shares issued and outstanding		227,600			227,600
Common stock, no par value 30,000,000 shares authorized, 12,611,133 shares issued and outstanding		15,100,300			15,100,300
Accumulated other comprehensive income		480,400			472,400
Accumulated deficit		(18,258,600	)		(17,395,600	)
Total Stockholders’ Deficit		(2,450,300	)		(1,595,300	)

Total Liabilities and Stockholders’ Deficit	$	15,599,200		$	17,036,000

See accompanying notes to these condensed consolidated financial statements.

MENDOCINO BREWING COMPANY, INC.

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS)

(Unaudited)

	THREE MONTHS ENDED June 30						SIX MONTHS ENDED June 30
	2016			2015			2016			2015
Sales	$	7,780,500		$	8,264,800		$	14,691,500		$	15,072,100
Excise taxes		127,600			126,200			237,700			239,400
Net sales		7,652,900			8,138,600			14,453,800			14,832,700
Cost of goods sold		5,170,600			5,649,200			10,049,400			10,247,700
Gross profit		2,482,300			2,489,400			4,404,400			4,585,000
Operating expenses
Marketing		1,293,000			1,457,100			2,495,800			2,860,000
General and administrative		1,275,900			1,003,700			2,492,900			2,215,300
Total operating expenses		2,568,900			2,460,800			4,988,700			5,075,300
Income (loss) from operations		(86,600	)		28,600			(584,300	)		(490,300	)
Other income (expense)
Other income		8,100			40,500			11,800			43,600
Interest expense		(145,800	)		(154,800	)		(288,900	)		(309,100	)
Total other expenses		(137,700	)		(114,300	)		(277,100	)		(265,500	)
Loss before income taxes		(224,300	)		(85,700	)		(861,400	)		(755,800	)
Provision for income taxes		1,600			-			1,600			3,800
Net loss	$	(225,900	)	$	(85,700	)	$	(863,000	)	$	(759,600	)
Foreign currency translation income (loss)		3,300			(30,000	)		8,000			(2,900	)
Comprehensive loss	$	(222,600	)	$	(115,700	)	$	(855,000	)	$	(762,500	)
Net loss per common share –
Basic	$	(0.02	)	$	(0.01	)	$	(0.07	)	$	(0.06	)
Diluted	$	(0.02	)	$	(0.01	)	$	(0.07	)	$	(0.06	)
Weighted average common shares outstanding –
Basic		12,611,133			12,611,133			12,611,133			12,611,133
Diluted		12,611,133			12,611,133			12,611,133			12,611,133

See accompanying notes to these condensed consolidated financial statements.

MENDOCINO BREWING COMPANY, INC.

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

(Unaudited)

	Six Months Ended
	June 30,
	2016			2015
CASH FLOWS FROM OPERATING ACTIVITIES:
Net loss	$	(863,000	)	$	(759,600	)
Adjustments to reconcile net income (loss) to net cash used in operating activities:
Depreciation and amortization		571,200			581,400
Provision for doubtful accounts		(1,800	)		(2,000	)
Changes in operating assets and liabilities:
Interest accrued on notes payable to related parties		103,400			78,200
Accrued severance payable		50,400			-
Accounts receivable		339,000			957,000
Inventories		197,100			435,700
Prepaid expenses		(15,200	)		(109,900	)
Deposits and other assets		13,800			(37,700	)
Accounts payable		(283,600	)		(797,500	)
Accrued liabilities		217,200			81,700
Net cash provided by operating activities		328,500			427,300

CASH FLOWS FROM INVESTING ACTIVITIES:
Purchases of property and equipment		(97,700	)		(339,700	)
Proceeds from sale of fixed assets		-			-
Net cash used in investing activities		(97,700	)		(339,700	)

CASH FLOWS FROM FINANCING ACTIVITIES:
Net repayment on lines of credit		(161,300	)		(88,000	)
Borrowing on note payable		400,000			500,000
Repayment on long-term debt		(506,100	)		(521,400	)
Payments on obligations under long term leases		(10,400	)		(2,700	)
Net cash used in financing activities		(277,800	)		(112,100	)

EFFECT OF EXCHANGE RATE CHANGES ON CASH		19,800			900

NET CHANGE IN CASH		(27,200	)		(23,600	)

CASH, beginning of period		129,600			145,100

CASH, end of period	$	102,400		$	121,500

SUPPLEMENTARY CASH FLOW INFORMATION
Cash paid during the period for:
Income taxes	$	1,600		$	3,800
Interest	$	185,500		$	230,900

NON CASH INVESTING AND FINANCING ACTIVITIES
Seller financed asset	$	-		$	98,500

See accompanying notes to these condensed consolidated financial statements.

MENDOCINO BREWING COMPANY, INC. AND SUBSIDIARY

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

(Unaudited)

1. Description of Operations and Summary of Significant Accounting Policies

Description of Operations

Mendocino Brewing Company, Inc. (the “Company” or “MBC”) was formed in 1983 in California, and has two operating subsidiaries: Releta Brewing Company, LLC (“Releta”), and United Breweries International (UK) Limited (“UBIUK”). In the United States (the “US”), MBC and Releta operate two breweries that produce beer and malt beverages for the specialty “craft” segment of the beer market. The breweries are located in Ukiah, California and Saratoga Springs, New York. The majority of sales for MBC in the US are in California. The Company brews several brands, of which Red Tail Ale is the flagship brand. In addition, the Company performs contract brewing for several other brands. Generally, product shipments are made directly from the breweries to wholesalers or distributors in accordance with state and local laws.

MBC’s United Kingdom (the “UK”) subsidiary, UBIUK, is a holding company for Kingfisher Beer Europe Limited (“KBEL”). KBEL is a distributor of alcoholic beverages, mainly Kingfisher Lager Beer, in the UK and Europe. The offices of KBEL are located in Maidstone, Kent in the UK. In addition, during the period covered by this quarterly report (the “Quarterly Report”), through UBIUK, the Company had production and distribution rights to Kingfisher Premium Lager in Canada and the United States. The Company has the right to use the Kingfisher mark and the name “Kingfisher Brewing Company” in connection with the brewing and distribution of assorted beers in the United States pursuant to an agreement with Kingfisher America, Inc. Generally, sales are made through distributors.

All of the Company’s beers sold in Europe (except for beers sold in Germany) are procured under a contract with Heineken UK Limited (“HUK”). This contract expires in October 2018. KBEL is the distributor of Kingfisher Premium Lager to specialty restaurant trade distributors, liquor and convenience stores in the United Kingdom, Ireland, and continental Europe, but does not physically distribute the Company’s products to customers. KBEL relies on HUK for distribution of the product in Europe in exchange for a fee paid to HUK, except for in Germany where beers are manufactured and distributed pursuant to a separate contract with a different entity. In addition, HUK has the exclusive right to sell Kingfisher Premium Lager, for a royalty fee payable to KBEL, to certain large retail customers, including, but not limited to, Sainsbury’s, Asda, and Tesco.

Subsequent Events

The Company evaluates events that occur subsequent to the balance sheet date of periodic reports, but before financial statements are issued for periods ending on such balance sheet dates, for possible adjustment to such financial statements or other disclosure. This evaluation generally occurs through the date on which the Company’s financial statements are electronically prepared for filing with the Securities and Exchange Commission (“SEC”).

Principles of Consolidation

The consolidated financial statements present the accounts of MBC and its wholly-owned subsidiaries, Releta and UBIUK. All material intracompany and inter-company balances, profits and transactions have been eliminated.

Basis of Presentation and Organization

The accompanying unaudited condensed consolidated financial statements for the six months ended June 30, 2016 and 2015 have been prepared in accordance with accounting principles generally accepted in the US. These condensed consolidated financial statements should be read in conjunction with the audited consolidated financial statements included in the Company’s most recent Annual Report on Form 10-K, as filed with the SEC, which contains additional financial and operating information and information concerning significant accounting policies followed by the Company. The financial statements and notes are representations of the Company’s management (“Management”) and its board of directors (the “Board of Directors”), who are responsible for their integrity and objectivity.

The Company’s consolidated financial statements for fiscal year 2015 were prepared on a going concern basis. The continuation of the Company as a going concern is dependent upon continued financial support from Catamaran Services, Inc. (“Catamaran”) and/or United Breweries Holdings, Ltd., an Indian public limited company (“UBHL”), its ability to obtain other debt or equity financing, and generating profitable operations from the Company’s future operations. However, management cannot provide any assurances that the Company will be successful in accomplishing any of its plans. These factors raise substantial doubt regarding the Company’s ability to continue as a going concern.

Operating results from the six months ended June 30, 2016 are not necessarily indicative of the results that may be expected for the year ending December 31, 2016 or any future period.

Reclassifications

Certain items in the financial statements for the prior year have been reclassified to conform to the current year presentation. These reclassifications had no effect on net income or equity.

SIGNIFICANT ACCOUNTING POLICIES

There have been no significant changes in the Company’s significant accounting policies during the six months ended June 30, 2016 compared to what was previously disclosed in the Company’s Annual Report on Form 10-K for the year ended December 31, 2015.

Cash and Cash Equivalents, Short and Long-Term Investments

For purposes of cash flows, the Company considers all highly liquid investments purchased with a maturity of three months or less to be cash equivalents.

Revenue Recognition

The Company recognizes revenue from the brewing and distribution operations in accordance with Accounting Standards Codification 605 of the Financial Accounting Standards Board. The Company recognizes revenue from product sales, net of discounts.

The Company recognizes revenue only when all of the following criteria have been met:

	●	Persuasive evidence of an arrangement exists;

	●	Delivery has occurred or services have been rendered;

	●	The fee for the arrangement is fixed or determinable; and

	●	Collectability is reasonably assured.

“Persuasive Evidence of an Arrangement” – The Company documents all terms of an arrangement in a written contract or purchase order signed by the customer prior to recognizing revenue.

“Delivery Has Occurred or Services Have Been Performed” – The Company delivers the products prior to recognizing revenue or performs services as per contractual terms. Product is considered delivered upon delivery to a customer’s designated location and services are considered performed upon completion of the Company’s contractual obligations.

“The Fee for the Arrangement is Fixed or Determinable” – Prior to recognizing revenue, an amount is either fixed or determinable under the terms of the written contract. The price is negotiated at the outset of the arrangement and is not subject to refund or adjustment during the initial term of the arrangement.

“Collectability is Reasonably Assured” – The Company determines that collectability is reasonably assured prior to recognizing revenue. Collectability is assessed on a customer-by-customer basis based on criteria outlined by Management. The Company does not enter into arrangements unless collectability is reasonably assured at the outset. Existing customers are subject to ongoing credit evaluations based on payment history and other factors. If it is determined during the arrangement that collectability is not reasonably assured, revenue is recognized on a cash basis.

The Company records certain consideration paid to customers for services or placement fees as a reduction in revenue rather than as an expense. The Company reports these items on the income statement as a reduction in revenue and as a corresponding reduction in marketing and selling expenses.

Revenues from the Company’s brewpub and gift store are recognized when sales have been completed.

Allowance for Doubtful Accounts

The Company maintains allowances for doubtful accounts for estimated losses resulting from the inability of its customers to make required payments. Management considers the following factors when determining the collectability of specific customer accounts: customer credit-worthiness, past transaction history with the customer, current economic and industry trends and changes in customer payment terms. Balances over 90 days past due and other higher risk amounts are reviewed individually for collectability. If the financial condition of the Company’s customers were to deteriorate, adversely affecting their ability to make payments, additional allowances would be required. Based on Management’s assessment, the Company provides for estimated uncollectible amounts through a charge to earnings and a credit to a valuation allowance. Balances that remain outstanding after the Company has used reasonable collection efforts are written off through a charge to the valuation allowance and a credit to accounts receivable.

Inventories

Inventories are stated at the lower of average cost, which approximates the first-in, first-out method, or market (current replacement cost). The Company regularly reviews its inventories for the presence of obsolete product attributed to age, seasonality and quality. Inventories that are considered obsolete are written off or adjusted to carrying value.

Deferred Financing Costs

Costs relating to obtaining financing are capitalized and amortized over the term of the related debt. When a loan is paid in full, any unamortized financing costs are removed from the related accounts and charged to operations. Deferred financing costs related to a borrowing made in June 2011 were $225,000, which was fully amortized as of June 30, 2016. Amortization of deferred financing costs charged to operations was $22,500 for the six months ended June 30, 2016 and 2015.

Concentration of Credit Risks

Financial instruments that potentially subject the Company to significant concentration of credit risk consist primarily of cash and cash equivalents, and accounts receivable. Substantially all of the Company’s cash and cash equivalents are deposited with commercial banks in the US and the UK that have minimal credit risk. Accounts receivable are generally unsecured and customers are subject to an initial credit review and ongoing monitoring. Wholesale distributors account for substantially all accounts receivable; therefore, this risk concentration is limited due to the number of distributors and the laws regulating the financial affairs of distributors of alcoholic beverages. The Company has approximately $300 in cash deposits and $1,889,900 of accounts receivable due from customers located in the UK as of June 30, 2016.

Income Taxes

The Company accounts for income taxes in accordance with ASC 750 which requires an asset and liability approach for financial accounting and reporting for income taxes and allows recognition and measurement of deferred tax assets based upon the likelihood of realization of tax benefits in future years. Under the asset and liability approach, deferred taxes are provided for the net tax effects of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for income tax purposes. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. Deferred tax assets are recognized for deductible temporary differences and operating loss and tax credit carryforwards. The Company periodically assesses uncertain tax positions that the Company has taken or expects to take on a tax return, including a decision whether to file or not to file a return in a particular jurisdiction. The Company evaluated its tax positions and determined that there were no uncertain tax benefits as of June 30, 2016 and December 31, 2015.

Basic and Diluted Earnings (Loss) per Share

The basic earnings (loss) per share is computed by dividing the earnings (loss) attributable to common stockholders by the weighted average number of common shares outstanding during the period. Basic net earnings (loss) per share exclude the dilutive effect of stock options or warrants and convertible notes. If the Company’s operations result in net loss for any period, diluted net loss per share would be the same as basic net loss per share, since the effect of any potentially dilutive securities would be anti-dilutive. Therefore, the conversion of the related party convertible notes (see “Subordinated Convertible Notes Payable to Related Party” below) has been excluded from the Company’s calculation of net loss per share. The computations of basic and dilutive net loss per share are as follows:

	Three months ended						Six months ended
	6/30/2016			6/30/2015			6/30/2016			6/30/2015
Net loss	$	(225,900	)		(85,700	)	$	(863,000	)		(759,600	)
Weighted average common shares outstanding		12,611,133			12,611,133			12,611,133			12,611,133
Basic net loss per share	$	(0.02	)		(0.01	)	$	(0.07	)		(0.06	)
Interest expense on convertible notes	$	-			-		$	-			-
Loss for computing diluted net income per share	$	(225,900	)		(85,700	)	$	(863,000	)		(759,600	)
Incremental shares from assumed exercise of dilutive securities		-			-			-			-
Dilutive potential common shares		12,611,133			12,611,133			12,611,133			12,611,133
Diluted net loss per share	$	(0.02	)		(0.01	)	$	(0.07	)		(0.06	)

Foreign Currency Translation

The Company has subsidiaries located in the UK, where the local currency, the UK Pound Sterling, is the functional currency. Financial statements of these subsidiaries are translated into US dollars using period-end exchange rates for assets and liabilities and average exchange rates during the period for revenues and expenses. Cumulative translation adjustments associated with net assets or liabilities are reported in non-owner changes in equity. Any exchange rate gains or losses related to foreign currency transactions are recognized in the income statement as incurred, in the same financial statement caption as the underlying transaction, and are not material for any year shown. Cash flows were translated at the average exchange rates for the six months then ended. Changes in cash resulting from the translations are presented as a separate item in the statements of cash flows.

Comprehensive Income (Loss)

Comprehensive income (loss) is composed of the Company’s net loss and changes in equity from non-stockholder sources. The accumulated balances of these non-stockholder sources are reflected as a separate item in the equity section of the balance sheet.

Use of Estimates

The preparation of financial statements in conformity with accounting principles generally accepted in the US includes having the Company make estimates and assumptions affecting the reported amounts of assets, liabilities, revenues and expenses, and disclosure of contingent assets and liabilities. The amounts estimated could differ from actual results. Significant estimates include the allowance for bad debts, depreciation periods, and contingencies.

Reportable Segments

The Company manages its operations through two business segments: (i) brewing operations and tasting room operations in the US and distributor operations in Canada (the “North American Territory”) and (ii) distributor operations in Europe, including the UK (the “Foreign Territory”). The Company evaluates performance based on net operating profit. Where applicable, portions of the administrative function expenses are allocated between the operating segments. The operating segments do not share manufacturing or distribution facilities. In the event any materials and/or services are provided to one operating segment by the other, the transaction is valued according to the Company’s transfer policy, which approximates market price. The costs of operating the manufacturing plants are captured discretely within each segment. The Company’s property, plant and equipment, inventory, and accounts receivable are captured and reported discretely within each operating segment.

Recent Accounting Pronouncements

In March 2016, the FASB issued ASU 2016-08, Revenue from Contracts with Customers (Topic 606): Principal versus Agent Considerations (Reporting Revenue Gross versus Net) that clarifies how to apply revenue recognition guidance related to whether an entity is a principal or an agent. ASU 2016-08 clarifies that the analysis must focus on whether the entity has control of the goods or services before they are transferred to the customer and provides additional guidance about how to apply the control principle when services are provided and when goods or services are combined with other goods or services. The effective date for ASU 2016-08 is the same as the effective date of ASU 2014-09 as amended by ASU 2015-14, for annual reporting periods beginning after December 15, 2017, including interim periods within those years. The Company has not yet determined the impact of ASU 2016-08 on its consolidated financial statements.

ASU 2016-12, “Revenue from Contracts with Customers (Topic 606): Narrow-Scope Improvements and Practical Expedients” was issued in June 2016 and clarifies the objective of the collectability criterion, presentation of taxes collected from customers, non-cash consideration, contract modifications at transition, completed contracts at transition and how guidance in Topic 606 is retrospectively applied. The amendments do not change the core principle of the guidance in Topic 606. The effective dates are the same as those for Topic 606.

2. Liquidity and Management Plans

MB Financial Credit and Security Agreement

On June 23, 2011, MBC and Releta entered into a Credit and Security Agreement (as amended, the “Credit and Security Agreement”) with Cole Taylor Bank, an Illinois banking corporation (“Cole Taylor”). Cole Taylor merged into MB Financial Bank, an Illinois banking corporation (“MB Financial”) on August 18, 2014. As used in this Report, “Lender” shall refer to Cole Taylor prior to August 18, 2014 and to MB Financial, as successor in interest to Cole Taylor, on or after August 18, 2014. The Credit and Security Agreement provided a credit facility with a maturity date of June 23, 2016 of up to $10,000,000 consisting of a $4,119,000 revolving facility (the “Revolver”), a $1,934,000 machinery and equipment term loan, a $2,947,000 real estate term loan and a $1,000,000 capital expenditure line of credit. The applicable interest rates were as follows: (a) with respect to the Revolver, the Wall Street Journal prime rate plus a margin of 1.00%, (b) with respect to the machinery and equipment term loan and the capital expenditure term loan, the Wall Street Journal prime rate plus a margin of 1.50%, and (c) with respect to the real estate term loan, the Wall Street Journal prime rate plus a margin of 2.00%. As described below, effective September 1, 2013, Lender was charging a default interest rate equal to two percent (2%) per annum in excess of the interest rate otherwise payable under the Credit and Security Agreement. As described below, effective July 22, 2016 Lender increased the interest rate under the Credit and Security Agreement to the Wall Street Journal prime rate plus 6% (including default interest) on all loans. As described below, the Second Amendment (among other things) reduces the advance rate for (i) eligible finished goods and raw material inventory and (ii) eligible work-in progress inventory by 2% each month. The advance rates are used in the calculation of the borrowing base of each of MBC and Releta, which is used in the determination of the amount available to each of MBC and Releta pursuant to the Revolver. Under the terms of the Credit and Security Agreement, if such availability is less than $0, or if certain components of the borrowing base of each of MBC and Releta fall below certain limits in relation to outstanding revolving loans, such difference shall be immediately due and payable. The Credit and Security Agreement binds the Company to certain financial covenants including maintaining prescribed minimum tangible net worth and prescribed minimum fixed charges coverage. There is a prepayment penalty if we prepay all of our obligations prior to the maturity date. The credit facility is secured by a first priority security interest in all of MBC’s and Releta’s personal property and a first priority mortgage on our Ukiah, California real property, among other MBC and Releta assets.

The Credit and Security Agreement requires MBC and Releta to maintain certain minimum fixed charge coverage ratios for trailing twelve month periods and minimum tangible net worth. The minimum tangible net worth MBC and Releta are required to maintain is subject to increase based on the net income of MBC and Releta. On March 29, 2013, MBC, Releta, and Lender entered into a First Amendment to the Credit and Security Agreement to clarify the method by which the fixed charge coverage ratio is calculated, with retrospective application.

The required fixed charge coverage ratio for the trailing twelve month periods ended March 31, 2013 onwards fell short of the required ratio. The tangible net worth fell short of the required amount for the period beginning June 1, 2013 onwards.

On September 18, 2013, MBC and Releta received a notice (the “Default Notice”) from Lender regarding its intention to exercise certain rights with respect to events of default of the Company pursuant to the Credit and Security Agreement and, effective September 1, 2013, began charging a default interest rate equal to 2% per annum in excess of the interest rate otherwise payable under the Credit and Security Agreement.

On April 18, 2014, MBC and Releta received a second notice (the “Second Default Notice”) from Lender regarding its intention to exercise certain rights with respect to events of default of the Company pursuant to the Credit and Security Agreement. The Second Default Notice required MBC and Releta to engage a consultant to perform a viability analysis and prepare a revised projection for 2014, to be delivered to Lender on or before April 30, 2014. MBC and Releta engaged a consultant and delivered a revised projection on April 30, 2014. As stated in the Second Default Notice, the Company continued to be in default on the fixed charge coverage ratio for each measurement period beginning March 31, 2013 through February 28, 2014. The required fixed charge coverage ratio was initially required to be at least 1.05 to 1.00, but as of July 31, 2013, the required fixed charge coverage ratio increased to 1.10 to 1.00 pursuant to the terms of the Credit and Security Agreement. The Second Default Notice also stated that the tangible net worth of MBC and Releta continued to fall short of the required amount as measured through February 28, 2014.

Effective August 20, 2014, pursuant to a notice to MBC and Releta dated August 18, 2014 (the “Third Default Notice”) which referred to MBC’s and Releta’s continued failure to meet the required fixed charge coverage ratio and the tangible net worth requirement, Lender notified MBC and Releta that it would reduce the advance rate for (i) eligible finished goods and raw material inventory and (ii) eligible work-in progress inventory by 2% each month. The advance rates are used in the calculation of the borrowing base of each of MBC and Releta, which is used in the determination of the amount available to each of MBC and Releta pursuant to the Revolver. Under the terms of the Credit and Security Agreement, if such availability is less than $0, or if certain components of the borrowing base of each of MBC and Releta fall below certain limits in relation to outstanding revolving loans, such difference shall be immediately due and payable.

On January 21, 2015, MBC, Releta, and Lender entered into a Second Amendment (the “Second Amendment”) to the Credit and Security Agreement. The Second Amendment reduced the maximum amount of the Revolver from $4,119,000 to $2,500,000. The Second Amendment also changed the definition of borrowing base (including by lowering certain advance rates) such that the calculation of the borrowing base will result in a lower number than it would have if calculated prior to the effectiveness of the Second Amendment. The borrowing base is used in the determination of the amount available to each borrower pursuant to the Revolver. Pursuant to the Credit and Security Agreement, as stated above, if such availability is less than $0, or if certain components of the borrowing base fall below certain limits in relation to outstanding revolving loans, such difference shall be immediately due and payable.

The Second Amendment also reduced the advance rate for (i) eligible finished goods and raw material inventory and (ii) eligible work-in progress inventory by two percent (2%) and continues to reduce each by an additional two percent (2%) on the 20th day of each month thereafter. The advance rates are used in the calculation of the borrowing base of each borrower, which is used in the determination of the amount available to each borrower pursuant to the Revolver. As stated above, if such availability is less than $0, or if certain components of the borrowing base fall below certain limits in relation to outstanding revolving loans, such difference shall be immediately due and payable.

Effective June 20, 2016, MBC, Releta, and Lender entered into a Third Amendment (the “Third Amendment”) to the Credit and Security Agreement. The Third Amendment extended the maturity date of the Credit Agreement from June 23, 2016 to July 23, 2016. The Third Amendment also reduced the Revolver from $2,500,000 to $1,250,000.

As of June 30, 2016, pursuant to the Credit and Security Agreement, the fixed charge coverage ratio was required to be 1.15 to 1. The Company calculated that the fixed charge coverage ratio as of June 30, 2016 was -0.65 to 1. The Company calculated that the required tangible net worth of MBC and Releta was $6,181,400 as of June 30, 2016 and the actual tangible net worth on such date was $3,262,900. The Company does not anticipate that it will regain compliance with the required fixed charge coverage ratio or the minimum tangible net worth, as required by the Credit and Security Agreement.

Effective July 22, 2016, MBC, Releta, and Lender entered into a Fourth Amendment (the “Fourth Amendment”) to the Credit and Security Agreement dated June 23, 2011, as previously amended on March 29, 2013, January 21, 2015, and June 20, 2016. The Fourth Amendment extended the maturity date of the Credit Agreement from July 23, 2016 to September 21, 2016 and increased the interest rate under the Credit and Security Agreement to the Wall Street Journal prime rate plus 6% (including default interest). The Fourth Amendment also confirms the continuance of certain events of default under the Credit and Security Agreement.

The Credit and Security Agreement provides that the failure of MBC and Releta to observe any covenant will constitute an event of default under the Credit and Security Agreement. Lender has not waived the events of default described in the Default Notice, the Second Default Notice or the Third Default Notice and has reserved the right to all other available rights and remedies under the Credit and Security Agreement, certain other related documents and applicable law. An event of default shall be deemed continuing until waived in writing by Lender. Under the Credit and Security Agreement, upon the occurrence of an event of default, all of MBC’s and Releta’s obligations under the Credit and Security Agreement may, at Lender’s option, be declared, and immediately shall become, due and payable, without notice of any kind. Lender could declare the full amount owed under the Credit and Security Agreement due and payable at any time for any reason or no reason. Since executing the Fourth Amendment, the Company has not received any notice or other communication from Lender that it intends to exercise any other remedies available to it under the Credit and Security Agreement in connection with the events of default. As noted above, effective July 22, 2016 Lender increased the interest rate under the Credit and Security Agreement to the Wall Street Journal prime rate plus 6% (including default interest). The Company estimates this increase in interest rate will result in the payment by the Company to Lender of additional interest of approximately $9,000 per month. The exercise of additional remedies by Lender may have a material adverse effect on the Company’s financial condition and the Company’s ability to continue to operate. The Credit and Security Agreement expires on September 21, 2016. There is no guarantee that MBC and Releta will be able to obtain alternate financing on terms favorable to the Company or on any terms. If the Company is unable to obtain alternate financing, it will have a material adverse effect on the Company’s financial condition and the Company’s ability to continue to operate.

RBS Facility

On April 26, 2005, Royal Bank of Scotland Commercial Services Limited (“RBS”) provided an approximately $2.8 million (£1,750,000) invoice discounting facility to KBEL, based on 80% prepayment against qualified accounts receivable related to KBEL’s UK customers. The initial term of the facility was one year, after which time the facility could be terminated by either party upon six months’ notice. The facility carried an interest rate of 1.38% above the RBS base rate and a service charge of 0.10% of each invoice discounted. The amount outstanding on this line of credit as of June 30, 2016 was approximately $727,700. Included in the Company’s balance sheet at June 30, 2016 are account balances totaling $1,889,900 of accounts receivable collateralized to RBS under this facility.

On July 20, 2016, KBEL used the proceeds from the Invoice Discounting Facility provided by Santander UK plc (“Santander”), as described below, to repay the entire amount owed on the RBS invoice discounting facility.

Santander Facility

On July 20, 2016, KBEL entered into a Sales Finance Agreement with Santander (the “Invoice Discounting Facility”) pursuant to which Santander provided KBEL with an approximately $2,306,000 (£1,750,000) maximum revolving line of credit (the “Review Limit”) with advances permitted up to 85% of KBEL’s qualified accounts receivable. This facility has a minimum maturity of twelve months, but will be automatically extended unless terminated by either party upon three months’ written notice. If the Invoice Discounting Facility terminates on or before the first anniversary, KBEL must pay as breakage costs 3% of the Review Limit. The Invoice Discounting Facility carries an interest rate of 2.1% above the Santander base rate and a fixed service charge of approximately $1,300 (£1,000) per month. The Invoice Discounting Facility binds KBEL to certain financial covenants relating to accounts receivable including turnover ratios, maximum dilution, and ageing, while also requiring KBEL to maintain a minimum level of net tangible assets. KBEL used the proceeds from the Invoice Discounting Facility to repay the entire amount owed on the RBS invoice discounting facility.

UBHL

In response to the losses incurred in connection with the Company’s operations, UBHL issued a letter of comfort to the Company’s accountants on March 5, 2015 (the “Letter of Comfort”) to confirm that UBHL had agreed to provide funding on an as needed basis to ensure that the Company is able to meet its financial obligations as and when they fall due. The Letter of Comfort does not specify either the terms of UBHL’s support, or a maximum dollar limit and is not a legally binding agreement or guarantee. UBHL’s financial support is contingent upon compliance with any applicable exchange control requirements, other applicable laws, and regulations relating to the transfer of funds from India. The Letter of Comfort does not specify any time limit for extending support. If it becomes necessary to seek UBHL’s financial assistance under the Letter of Comfort or otherwise and UBHL does not provide such financial assistance to MBC, it may result in a material adverse effect on the Company’s financial position and on its ability to continue to operate. UBHL controls the Company’s two largest shareholders, United Breweries of America, Inc. (“UBA”) and Inversiones Mirabel, S.A., a Panamanian corporation (“Inversiones”), and as such, is the Company’s indirect majority shareholder. The Company’s Chairman of the Board, Dr. Vijay Mallya, is also the Chairman of the board of directors of UBHL.

On February 3, 2016, the board of directors of UBHL approved debt financing to the Company in the form of a $1,000,000 bridge loan. The Company has not received any proceeds against this UBHL $1,000,000 bridge loan. If UBHL does not consummate this financing, it would have a material adverse effect on the Company’s financial condition and the Company’s ability to continue to operate.

Catamaran Notes

On January 22, 2014, Catamaran, a related party, provided a loan to MBC in the principal amount of $500,000 evidenced by a promissory note. On April 24, 2014, Catamaran provided a second loan in the principal amount of $500,000 on terms similar to the previous note. On February 5, 2015, Catamaran provided a third loan in the principal amount of $500,000 on terms similar to the previous notes. On June 30, 2015, Catamaran provided a fourth loan in the principal amount of $500,000 on terms similar to the previous notes, and the Company received the proceeds against this note on July 6, 2015. Each time Catamaran provided a loan, the Company received a letter from Lender permitting the Company to obtain such loans subject to certain conditions, including that no portion of such loans would be payable until either (a) certain obligations of the Company to Lender pursuant to the Credit and Security Agreement were satisfied in full, or (b) such payment was a Permitted Payment. A “Permitted Payment” with respect to the notes dated January 22, 2014, April 24, 2014, and February 5, 2015 means a payment made from an equity investment by the Company’s majority shareholder in excess of $500,000. A “Permitted Payment” with respect to the note dated June 30, 2015 means a payment made from an equity investment by the Company’s majority shareholder. On March 14, 2016, Catamaran provided a fifth loan in the principal amount of $325,000 on terms substantially similar to the previous notes, except that the definition of “Permitted Payment” was revised to mean, for purposes of this fifth note, a payment made from a bridge loan by the Company’s majority shareholder in excess of $600,000. On March 30, 2016, Catamaran provided a sixth loan in the principal amount of $75,000 on terms substantially similar to the fifth note. All Catamaran notes are payable within six months following the date of the notes, and if the Company is not able to satisfy its obligations on these notes within the six month period following the date of the notes, the notes shall be automatically extended for additional six month terms until they are paid. If Catamaran ceases to provide ongoing financial support to the Company, and the Company is unable to obtain alternate financing, it would have a material adverse effect on the Company’s financial condition and the Company’s ability to continue to operate.

Interest shall accrue from the date of the applicable Catamaran note on the unpaid principal at a rate equal to the lesser of (i) one and one-half percent (1.5%) per annum above the prime rate offered from time to time by the Bank of America Corporation in San Francisco, California, or (ii) ten percent (10%) per annum, until the principal is fully paid.

The Catamaran notes may be prepaid without penalty at the option of the Company; however, no payments on the Catamaran notes may be made unless such payment is a “Permitted Payment” or certain existing obligations of the Company to Lender pursuant to the Credit and Security Agreement have been satisfied in full. The Catamaran notes may not be amended without the prior written consent of Lender.

Gordian Group

On December 9, 2015, the Company engaged Gordian Group, LLC (“Gordian Group”) to serve as the Company’s exclusive investment banker to assist the Company in evaluating, exploring and, if deemed appropriate by the Company, pursuing and implementing certain strategic and financial options and transactions that may be available to the Company, including in connection with a possible debt or equity capital financing, merger, consolidation, joint venture or other business combination involving, or sale of substantially all or a material portion of the assets (outside of the ordinary course of business) or outstanding securities of, the Company and/or its subsidiaries, and/or the acquisition of substantially all or a material portion of the assets or outstanding securities of another entity (each, a “Financial Transaction”). Gordian Group is a New York-based independent investment banking firm. While the Company has commenced evaluating its available options, no conclusion as to any specific option or transaction has been reached, nor has any specific timetable been fixed for this effort, and there can be no assurance that any viable strategic or financial option or transaction will be presented, implemented or consummated. The Company intends to use proceeds of the Financial Transaction, if any, in part, to repay the amount owed to Lender when it becomes due.

At June 30, 2016, the Company had cash and cash equivalents of $102,400, an accumulated deficit of $18,258,600, and a working capital deficit of $11,885,100 due to losses incurred, debts payable to Lender and notes payable to related parties. In addition, the book value of the Company’s assets was lower than the book value of its liabilities at June 30, 2016.

Management has taken several actions to reduce the Company’s working capital needs through June 30, 2017, including reducing discretionary expenditures, reducing manpower, securing additional brewing contracts in an effort to utilize a portion of excess production capacity, and pursuing export opportunities. The Company is pursuing a Financial Transaction through Gordian Group as described above. The Company has relied upon the continued loans from Catamaran to support operations. The current revenue from operations is insufficient to meet the working capital needs of the Company over the next 12 months. The Company has requested UBHL to make a capital infusion.

If UBHL or other sources do not provide sufficient financial assistance to MBC, it will result in a material adverse effect on the Company’s financial position and on its ability to continue to operate and it may have to seek capital by selling some of its operating assets. In addition, the Company’s lenders may seek to satisfy any outstanding obligations through recourse against the applicable pledged collateral which includes the Company’s real and personal property in the United States and the United Kingdom. The loss of any material pledged asset would have a material adverse effect on the Company’s financial condition and its ability to continue to operate.

Vijay Mallya, the Company’s Chairman and indirect majority shareholder is presently subject to certain legal proceedings in India, which may impair the Company’s ability to obtain financing from UBHL and other potential funding sources.

3. Inventories

Inventories are stated at the lower of average cost or market and consist of the following:

	June 30, 2016		December 31, 2015
Raw Materials	$	490,200	$	628,100
Beer-in-process		273,200		312,200
Finished Goods		519,000		541,400
Merchandise		62,900		65,300
TOTAL	$	1,345,300	$	1,547,000

4. Secured Lines of Credit

MB Financial Credit and Security Agreement

The borrowings under the Credit and Security Agreement are collateralized, with recourse, by MBC’s and Releta’s trade receivables and inventory located in the US. This facility carried interest (including default interest) at the Wall Street Journal prime rate plus 3% (effective July 22, 2016, at the Wall Street Journal prime rate plus 6%) and is secured by substantially all of the assets of Releta and MBC. The amount outstanding on this line of credit as of June 30, 2016 was approximately $680,400. Included in the Company’s balance sheet as at June 30, 2016 are account balances totaling $1,321,700 of accounts receivable and $1,307,900 of inventory collateralized to Lender under this facility. The Credit and Security Agreement expires on September 21, 2016.

RBS Facility

On April 26, 2005, RBS provided an approximately $2.8 million (£1,750,000) invoice discounting facility to KBEL based on 80% prepayment against qualified accounts receivable related to KBEL’s UK customers. The initial term of the facility was one year, after which time the facility could be terminated by either party upon six months’ notice. The facility carried an interest rate of 1.38% above the RBS base rate and a service charge of 0.10% of each invoice discounted. The amount outstanding on this line of credit as of June 30, 2016 was approximately $727,700. Included in the Company’s balance sheet at June 30, 2016 are account balances totaling $1,889,900 of accounts receivable collateralized to RBS under this facility.

On July 20, 2016, KBEL used the proceeds from the Invoice Discounting Facility provided by Santander to repay the entire amount owed on the RBS invoice discounting facility.

5. Notes Payable to Related Party

Notes payable to a related party consist of notes payable to Catamaran dated January 22, 2014, April 24, 2014, February 5, 2015, June 30, 2015, March 14, 2016, and March 30, 2016 for a total value of $2,575,200 including accrued interest of $175,200. Catamaran Holdings, Ltd. (“Holding”), the sole shareholder of Catamaran, has directors in common with Inversiones, one of the major shareholders of MBC. The indirect beneficial owner of Inversiones is UBHL. Dr. Vijay Mallya, the Chairman of the Board of Directors of the Company is also the Chairman of the Board of Directors of UBHL.

The Catamaran notes are payable within six months following the date of the notes, and if the Company is not able to satisfy its obligations on these notes within the six month period following the date of the notes, the notes shall be automatically extended for additional six month terms until they are paid. Each time Catamaran provided a loan, the Company received a letter from Lender permitting the Company to obtain such loans subject to certain conditions, including that no portion of such loans would be payable until either (a) certain obligations of the Company to Lender pursuant to the Credit and Security Agreement were satisfied in full, or (b) such payment was a Permitted Payment. A “Permitted Payment” with respect to the notes dated January 22, 2014, April 24, 2014, and February 5, 2015 means a payment made from an equity investment by the Company’s majority shareholder in excess of $500,000. A “Permitted Payment” with respect to the note dated June 30, 2015 means a payment made from an equity investment by the Company’s majority shareholder. On March 14, 2016, Catamaran provided a fifth loan in the principal amount of $325,000 on terms substantially similar to the previous notes, except that the definition of “Permitted Payment” was revised to mean, for purposes of this fifth note, a payment made from a bridge loan by the Company’s majority shareholder in excess of $600,000. On March 30, 2016, Catamaran provided a sixth loan in the principal amount of $75,000 on terms substantially similar to the fifth note. If Catamaran ceases to provide ongoing financial support to the Company, and the Company is unable to obtain alternate financing, it would have a material adverse effect on the Company’s financial condition and the Company’s ability to continue to operate.

6. Subordinated Convertible Notes Payable to Related Party

Subordinated convertible notes to related parties are unsecured convertible notes payable to UBA for a total value including interest (at the prime rate plus 1.5%, but not to exceed 10% per year) of $3,727,900 and $3,680,100 as of June 30, 2016 and December 31, 2015, respectively. Thirteen of the UBA notes are convertible into common stock at $1.50 per share and one UBA note is convertible at a rate of $1.44 per share. The UBA notes have been extended until June 2016 but have automatic renewals after such maturity date for successive one year terms, provided that either the Company or UBA may elect not to extend the term upon written notice given to the other party no more than 60 days and no fewer than 30 days prior to the expiration of such term. UBA may demand payment within 60 days following the end of the extension period but is precluded from doing so pursuant to a subordination agreement with Lender. The loans from Lender to which the UBA notes are subordinated mature in September 2016. The Company expects the UBA notes to be continued to be subordinated to any new financing facility obtained after maturity of Lender’s facility. The Company will also attempt to induce conversion of UBA notes to equity. The Company does not expect to have to use working capital to repay any of the UBA notes. The UBA notes include $1,812,500 and $1,764,700 of accrued interest at June 30, 2016 and December 31, 2015, respectively.

7. Secured Notes Payable

Maturities of secured notes payable for succeeding years are as follows:

	June 30, 2016		December 31, 2015
Loan from MB Financial, payable in monthly installments of $12,300, plus interest (including default interest) at prime plus 4% (6% effective 7/22/16) with a balloon payment of approximately $2,165,600 in September 2016; secured by substantially all assets of Releta and MBC.	$	2,202,500	$	2,276,200

Loans from MB Financial, payable in monthly installments of $32,300 plus interest (including default interest) at prime plus 3.5% (6% effective 7/22/16) with a balloon payment of approximately $811,900 in September 2016; secured by substantially all assets of Releta and MBC.		908,800		1,102,400
		3,111,300		3,378,600

Less current maturities		3,111,300		3,378,600
	$	-	$	-

8. Long-Term Debt – Related Party

	June 30, 2016		December 31, 2015
Loan from Heineken UK Limited, payable in quarterly installments of $119,400, plus interest at UK prime plus 5% maturing on October 9, 2016, secured by licensing rights pursuant to a Sub-License Agreement.	$	220,700	$	491,500

Less current maturities		220,700		491,500
	$	-	$	-

On April 18, 2013, KBEL entered into a loan agreement (the “HUK Loan Agreement”) with HUK pursuant to which HUK provided KBEL with a secured term loan of £1,000,000 on October 9, 2013 to be repaid in twelve equal quarterly installments of £83,333.33, commencing from January 9, 2014 and to be repaid in full by October 9, 2016. Interest on the HUK loan is payable quarterly in arrears on the outstanding balance of the loan at the rate of 5% above the Bank of England base rate. Prepayment is permitted. Upon an Event of Default, as defined in the HUK Loan Agreement, if HUK and KBEL fail to agree on a payment plan acceptable to HUK, HUK may, among other remedies, declare the loan immediately due and repayable or exercise its right to an exclusive license pursuant to the Sub-License Agreement as described and defined in the HUK Loan Agreement.

9. Capital Lease Obligations

The Company leases certain brewing equipment under an agreement that is classified as a capital lease. The future minimum lease payments required under the capital lease and the present value of the net minimum lease payments as of June 30, 2016 are as follows:

Six months Ending December 31, 2016	$	13,100
Year Ending December 31, 2017		26,300
Year Ending December 31, 2018		19,800
Year Ending December 31, 2019		19,800
Year Ending December 31, 2020		19,400
		98,400

Less amounts representing interest		(14,200	)
Present value of minimum lease payments		84,200

Less current maturities		(21,500	)
Non-current leases payable	$	62,700

10. Severance Payable

The Company is a party to a Separation and Severance Agreement (the “Separation Agreement”) with Mr. Yashpal Singh, its President and Chief Executive Officer. Pursuant to the terms of the Separation Agreement, upon Mr. Singh’s (i) termination of employment for Good Reason (as defined in the Separation Agreement), (ii) termination of employment at the end of the employment term, (iii) death, (iv) disability or (v) termination by the Company without Cause (as defined in the Separation Agreement), he shall be entitled to certain severance benefits and payments. The severance payment shall equal the product of 2.5 times his average monthly base salary (calculated over the twelve (12) month period preceding the termination event), multiplied by the number of years (on a pro-rated basis) he had been employed by the Company at the Termination Date (as defined in the Separation Agreement); provided, however, that the severance payment may not exceed thirty (30) months of Mr. Singh’s average monthly base salary (calculated over the twelve (12) months preceding his termination date). Payments due to Mr. Singh under the Separation Agreement shall be paid in equal monthly installments by the Company over a 20 month period. Mr. Singh’s current employment contract ends on December 31, 2016. The receipt of payments is contingent on Mr. Singh executing a release of claims for the benefit of the Company. As of June 30, 2016, the Company has accrued $848,500 against this obligation.

Pursuant to a resolution adopted on September 10, 2013 by the Company’s Board of Directors, the Company entered into a Separation and Severance Agreement with Mr. Mahadevan Narayanan, the Company’s Chief Financial Officer and Secretary on April 12, 2016. Pursuant to the terms of the agreement, upon Mr. Narayanan’s (i) termination of employment for Good Reason (as defined in the agreement), (ii) death, (iii) disability or (iv) termination by the Company without Cause (as defined in the agreement), he shall be entitled to certain severance benefits and payments. The severance payment shall equal the product of 2.5 times his average monthly base salary (calculated over the twelve (12) month period preceding the termination event), multiplied by the number of years (on a pro-rated basis) he had been employed by the Company at the Termination Date (as defined in the agreement); provided, however, that the severance payment may not exceed thirty (30) months of Mr. Narayanan’s average monthly base salary (calculated over the twelve (12) months preceding his termination date). If Mr. Narayanan’s employment is terminated without Cause, in addition to the severance payment described above, he shall also receive either (i) 365 days prior written notice or (ii) a lump sum payment equal to twelve (12) months of his base salary at the rate in place at the Termination Date (the “Notice Payment”). Payments due to Mr. Narayanan under the Separation Agreement shall be paid in equal monthly installments by the Company over a 20 month period. The receipt of payments is contingent on Mr. Narayanan executing a release of claims for the benefit of the Company. As of June 30, 2016, the Company has not accrued any amount against this contingency. If the severance payment were triggered as of June 30, 2016, it would result in an expense and a liability of $469,800.

11. Commitments and Contingencies

Purchase of raw materials

Production of the Company’s beverages requires quantities of various processed agricultural products, including malt and hops for beer. The Company fulfills its commodities requirements through purchases from various sources, some through contractual arrangements and others on the open market.

Legal

The Company is periodically involved in legal actions and claims that arise as a result of events that occur in the normal course of operations. The Company’s management and its legal counsel assess such contingent liabilities, and such assessment inherently involves an exercise of judgment. In assessing loss contingencies related to legal proceedings that are pending against the Company or unasserted claims that may result in such proceedings, the Company’s legal counsel evaluates the perceived merits of any legal proceedings or unasserted claims as well as the perceived merits of the amount of relief sought or expected to be sought therein.

On September 26, 2014, The New Buffalo Brewing Co., Inc. (“NBB”) initiated an action against Releta in the Supreme Court of the State of New York for the County of Erie to recover damages for alleged breaches of a Brewing Production Agreement between NBB and Releta dated September 6, 2013 (the “Brewing Production Agreement”), as well as for a declaration rescinding and nullifying the Brewing Production Agreement, and, in case of Releta’s failure to answer or appear, damages resulting from the alleged breaches, rescission of the Brewing Production Agreement, attorneys’ fees and any other relief deemed proper by the court. In a demand letter to Releta dated October 16, 2014, NBB demanded payment of the sum of $500,000. The Company has engaged a law firm in New York to respond. The trial date is set for January 17, 2017.

On June 3, 2015, IAE International Aero Engines AG (“IAE”) served the Company with a complaint (the “Complaint”), filed in Marin County Superior Court, California (the “Court”), which requests, among other things, (i) that the Court recognize and enforce a foreign judgment against an Indian corporate entity (which is an affiliate of the Company), the alleged judgment debtor, and (ii) that such judgment be made enforceable against any assets of the Company (and of the other defendants) that are located in California, on the alleged ground that the Company (along with the other defendants) is an “alter ego” of the alleged judgment debtor. Along with the Complaint, IAE also served the Company with an ex parte application for a right to attach order and a writ of attachment, and, in the alternative, a temporary protective order (collectively, the “ex parte application”) to, among other things, stop the Company from making certain transfers to related parties other than in the ordinary course of business.

The ex parte application came up for hearing before the Court on June 5, 2015 and was continued to June 9, 2015. At the conclusion of the continued hearing on June 9, 2015, the Court denied the ex parte application for a writ of attachment and dissolved a short-term, limited temporary protective order that had been in place during the four-day continuance.

The Company believes that the allegations in the Complaint are without merit and will continue to vigorously defend against the lawsuit. On June 29, 2016, the Company filed a Motion for Judgment on the Pleadings, requesting that the Court dismiss, with prejudice, one of the two causes of action pled against it. That motion is currently scheduled to be heard by the Court on September 6, 2016.

As discussed in more detail in the Company’s Current Report on Form 8-K filed on June 9, 2015, the Company discussed with the Lender the allegations set forth in the Complaint and the ex parte application and, as of the date of this Quarterly Report, the Company has not received any notice or other communication from the Lender that the Lender intends to exercise any of the remedies available to it under the Credit and Security Agreement in connection therewith.

The Company is not currently aware of any legal proceedings or claims that the Company believes will have, individually or in the aggregate, a material adverse effect on the Company’s financial condition or ability to continue to operate.

Operating Leases

The Company leases some of its operating and office facilities for various terms under long-term, non-cancelable operating lease agreements. The leases expire at various dates between 2016 and 2020 and provide for renewal options ranging from month-to-month to five years. In the normal course of business, it is expected that these leases will be renewed or replaced by leases on similar properties. The leases provide for increases in future minimum annual rental payments based on defined increases which are generally meant to correlate with the Consumer Price Index, subject to certain minimum increases. Also, the agreements generally require the Company to pay certain costs, including real estate taxes, insurance and repairs.

MBC and its subsidiaries have various lease agreements for the brewpub and gift store in Ukiah, California, the brewery at Releta’s Saratoga Springs, New York facility, a building in the UK, and certain equipment. The New York lease includes a renewal option for three additional five-year periods, which Releta intends to exercise.

12. Related-Party Transactions

The Company conducts business with United Breweries of America, Inc. (“UBA”), which owns approximately 25% of the Company’s common stock. KBEL has 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 such transactions during the six months ended June 30, 2016 and 2015 and the balances outstanding as of June 30, 2016 and December 31, 2015.

TRANSACTIONS	June 30, 2016		June 30, 2015
Purchases from HUK	$	5,377,300	$	5,530,600
Expense reimbursement including interest to HUK	$	438,100	$	464,600
Interest expense related to UBA convertible notes	$	47,800	$	45,100
Interest expenses related to Catamaran notes	$	55,600	$	33,100
Borrowing from Catamaran	$	400,000	$	500,000

ACCOUNT BALANCES	June 30, 2016		Dec 31, 2015
Accounts payable and accrued liability to HUK	$	1,419,600	$	1,669,400
Notes payable to Catamaran	$	2,575,200	$	2,119,600
Notes payable to UBA	$	3,727,900	$	3,680,100

13. 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. 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.

A summary of each segment is as follows:

Six months ended June 30, 2016

	North American Territory			Foreign Territory		Total

Net Sales	$	5,545,300		$	8,908,500	$	14,453,800
Operating Income (Loss)	$	(773,700	)	$	189,400	$	(584,300	)
Identifiable Assets	$	12,250,900		$	3,348,300	$	15,599,200
Depreciation & Amortization	$	339,300		$	231,900	$	571,200
Capital Expenditures	$	6,200		$	91,500	$	97,700

Six months ended June 30, 2015

	North American Territory			Foreign Territory		Total

Net Sales	$	5,540,200		$	9,292,500	$	14,832,700
Operating Income (loss)	$	(586,800	)	$	96,500	$	(490,300	)
Identifiable Assets	$	13,183,400		$	4,106,600	$	17,290,000
Depreciation & Amortization	$	336,700		$	244,700	$	581,400
Capital Expenditures	$	70,400		$	269,300	$	339,700

14. Unrestricted Net Assets

The Company’s wholly-owned subsidiary, UBIUK, had undistributed losses of $155,000 as of June 30, 2016. Under KBEL’s line of credit agreement with RBS, distributions and other payments to MBC from KBEL are not permitted if retained earnings drop below $1,324,200. Condensed financial information of MBC, together with its other subsidiary, Releta, is as follows:

Balance Sheets

	June 30, 2016			December 31, 2015
	(unaudited)
Balance Sheets

Assets
Cash and cash equivalents	$	102,100		$	61,300
Accounts receivable, net		1,321,700			1,121,300
Inventories		1,307,900			1,490,100
Other current assets		257,000			199,800
Total current assets		2,988,700			2,872,500

Investment in subsidiary		1,225,000			1,225,000
Property and equipment		9,067,900			9,378,500
Intercompany receivable		182,100			284,000
Other assets		194,300			175,800
Total assets	$	13,658,000		$	13,935,800

Liabilities
Line of credit	$	680,400		$	453,100
Accounts payable		2,575,000			2,640,400
Accrued liabilities		1,302,800			1,021,000
Note payable to related party		2,575,200			2,119,600
Subordinated convertible notes to related party		3,727,900			3,680,100
Current maturities of debt, leases and severance		3,246,200			3,505,900
Total current liabilities		14,107,500			13,420,100

Long-term capital leases		11,100			14,000
Severance payable		721,200			678,400
Total liabilities		14,839,800			14,112,500

Stockholders’ deficit
Common stock		15,100,300			15,100,300
Preferred stock		227,600			227,600
Accumulated deficit		(16,509,700	)		(15,504,600	)
Total stockholders’ deficit		(1,181,800	)		(176,700	)
Total liabilities and stockholders’ deficit	$	13,658,000		$	13,935,800

Statements of Operations

	Three months ended June 30						Six months ended June 30
	2016			2015			2016			2015
	(unaudited)			(unaudited)			(unaudited)			(unaudited)
Net sales	$	2,953,000		$	3,166,500		$	5,545,300		$	5,540,200
Cost of goods sold		(2,335,800	)		(2,471,300	)		(4,560,900	)		(4,593,900	)
Sales, marketing, and retail expenses		(289,900	)		(322,300	)		(581,400	)		(675,700	)
General and administrative expenses		(620,800	)		(380,600	)		(1,180,300	)		(860,700	)
Loss from operations		(293,500	)		(7,700	)		(777,300	)		(590,100	)

Other income		8,100			40,500			11,800			43,600
Interest expense		(120,300	)		(124,500	)		(238,000	)		(247,500	)
Provision for taxes		(1,600	)		-			(1,600	)		(3,800	)
Net loss	$	(407,300	)	$	(91,700	)	$	(1,005,100	)	$	(797,800	)

Statements of Cash Flows

	Six months ended June 30
	2016			2015
	(unaudited)			(unaudited)
Cash flows from operating activities	$	(412,000	)	$	113,900
Purchase of property and equipment		(6,200	)		(70,400	)
Net borrowing (repayment) on line of credit		227,300			(378,900	)
Borrowing on note payable		400,000			500,000
Repayment on long term debt		(267,300	)		(267,400	)
Payment on obligation under capital lease		(2,900	)		(2,700	)
Net change in payable to UBIUK		101,900			163,900
Decrease in cash		40,800			58,400
Cash, beginning of period		61,300			61,500
Cash, end of period	$	102,100		$	119,900

15. Income Taxes

In the six months ended June 30, 2016 and 2015, the Company recorded tax expenses related to state franchise taxes only, and did not record income tax expenses due to the availability of deferred tax assets to offset any taxable income in the US (at the federal and state level to the extent applicable) and the UK. The Company has established a full valuation allowance against the Company’s deferred tax assets based on an assessment that the criteria that deferred tax assets will more likely than not be realized has not yet been met. During the six months ended June 30, 2016 and June 30, 2015, the Company’s effective tax rates were de minimis.

The Company’s major tax jurisdictions are (i) US (federal), (ii) California (state), (iii) New York (state) and (iv) UK. Tax returns remain open to examination by the applicable governmental authorities for tax years 2012 through 2015. The federal and state taxing authorities may choose to audit tax returns for prior years due to significant tax attribute carryforwards for those prior years. However, such audits will be limited to adjustments to such carryforward tax attributes. The Company is not currently being audited in any tax jurisdiction.

16. Subsequent Events

On July 20, 2016, KBEL entered into a Sales Finance Agreement with Santander UK plc (“Santander”), (the “Invoice Discounting Facility”) pursuant to which Santander provided KBEL with an approximately $2,306,000 (£1,750,000) maximum revolving line of credit (the “Review Limit”) with advances permitted up to 85% of KBEL’s qualified accounts receivable. This facility has a minimum maturity of twelve months, but will be automatically extended unless terminated by either party upon three months’ written notice. If the Invoice Discounting Facility terminates on or before the first anniversary, KBEL must pay as breakage costs 3% of the Review Limit. The Invoice Discounting Facility carries an interest rate of 2.1% above the Santander base rate and a fixed service charge of approximately $1,300 (£1,000) per month. The Invoice Discounting Facility binds KBEL to certain financial covenants relating to accounts receivable including turnover ratios, maximum dilution, and ageing, while also requiring KBEL to maintain a minimum level of net tangible assets.

On July 20, 2016, KBEL used the proceeds from Invoice Discounting Facility provided by Santander to repay the entire amount owed on the RBS invoice discounting facility.

Effective July 22, 2016, MBC, Releta, and MB Financial entered into a Fourth Amendment (the “Fourth Amendment”) to the Credit and Security Agreement dated June 23, 2011, as previously amended on March 29, 2013, January 21, 2015, and June 20, 2016. The Fourth Amendment extended the maturity date of the Credit and Security Agreement from July 23, 2016 to September 21, 2016 and increased the interest rate under the Credit and Security Agreement to the Wall Street Journal prime rate plus 6% (including default interest). The Fourth Amendment also confirms the continuance of certain events of default under the Credit and Security Agreement.

Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations.

The following discussion summarizes the significant factors affecting the consolidated operating results, financial condition and liquidity/cash flows of the Company for the three and six months ended June 30, 2016, compared to the three and six months ended June 30, 2015. This discussion should be read in conjunction with the Consolidated Financial Statements and Notes included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2015.

In the rest of this Quarterly Report on Form 10-Q, the terms “we”, “us”, “our”, and “the Company” and its variants are generally used to refer to Mendocino Brewing Company, Inc. and its subsidiaries, while the term “MBC” is used to refer to Mendocino Brewing Company, Inc. as an individual entity standing alone.

Forward Looking Statements

Various portions of this Quarterly Report on Form 10-Q, including but not limited to the section captioned “Management’s Discussion and Analysis of Financial Condition and Results of Operations,” contain forward-looking statements. Forward-looking statements involve risks and uncertainties that are based on current expectations, estimates and projections about the Company’s business, Management’s beliefs, and assumptions made by Management. Words such as “expects,” “anticipates,” “intends,” “plans,” “believes,” “seeks,” “estimates,” and variations of those and similar words are intended to identify such forward-looking statements. Any forward-looking statements made by the Company are intended to provide investors with additional information with which they may assess the Company’s future potential. All forward-looking statements are based on assumptions about an uncertain future and are based on information available as of the date such statements are issued. Actual outcomes and results may differ materially from what is expressed or forecasted in such forward-looking statements due to numerous factors, including but not limited to, changes in the pricing environment for the Company’s products, changes in demand for malt beverage products in different Company markets, changes in distributor relationships or performance, changes in customer preference for the Company’s malt beverage products, regulatory or legislative changes, the impact of competition, changes in the prices of raw materials, availability of financing for operations, changes in interest rates, changes in the Company’s European beer business, and other risks discussed elsewhere in this Quarterly Report on Form 10-Q and from time to time in the Company’s Securities and Exchange Commission (“SEC”) filings and reports. In addition, such statements could be adversely affected by general industry and market conditions and growth rates, and general domestic, Canadian and European economic and political conditions. The Company undertakes no obligation to update these forward-looking statements to reflect facts, circumstances, assumptions or events that occur after the date the forward-looking statements are made or to publicly release the results of any revisions to these forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements.

Segment Information

Prior to August 2001, the Company’s business operations were exclusively located in the US, and consisted of the manufacture and distribution of beer. With the Company’s acquisition of United Breweries International (UK), Ltd. (“UBIUK”) in August 2001, the Company gained a new business segment ― distribution of beer outside the US, primarily in the United Kingdom (the “UK”) and continental Europe (collectively, the “Foreign Territory”). This segment accounted for 61% and 62% of the Company’s gross sales during the first six months of 2016 and 2015 respectively, with the US and Canada (the “North American Territory”) accounting for the remaining 39% and 38% during the first six months of 2016 and 2015 respectively.

Seasonality

Sales of the Company’s products are somewhat seasonal. Historically, sales volumes in both the Company’s North American and Foreign Territories have been comparatively low during the first quarter of the calendar year. The volume of sales in any given area may also be adversely affected by local weather conditions. Because of the seasonality of the Company’s business, results for any one quarter are not necessarily indicative of the results that may be achieved for the full fiscal year.

Summary of Financial Results

The Company ended the first six months of 2016 with a net loss of $863,000, as compared to a net loss of $759,600 for the same period in 2015. As set forth more fully under the section captioned “Results of Operations” below, during the first six months of 2016, the Company experienced a decrease in net sales of $378,900 compared to the same period in 2015. Compared to the first six months of 2015, costs of goods sold decreased by $198,300, operating expenses decreased by $86,600, and net other expenses increased by $11,600 in the first six months of 2016, all of which contributed to the Company’s results for the period.

RESULTS OF OPERATIONS

Three Months Ended June 30, 2016 Compared To Three Months Ended June 30, 2015

Net Sales

Our overall net sales for the second quarter of 2016 were $7,652,900, a decrease of $485,700, or 6%, compared to $8,138,600 for the second quarter of 2015. The decrease was due to a reduction in sales volume and exchange rate fluctuations.

North American Territory: Our net sales in the North American Territory for the second quarter of 2016 were $2,953,000 compared to $3,166,500 for the same period in 2015, a decrease of $213,500, or 6.7%, mainly due to decreased sales volume. The sales volume decreased to 14,500 barrels in the second quarter of 2016 from 15,400 barrels in the second quarter of 2015, a net decrease of 900 barrels, or 5.8% mainly due to reduction in sales of MBC’s brands due to competitive pressure. We continue to solicit opportunities to enter into non-binding contract brewing arrangements to address the low production capacity utilization rates in our brewing facilities and anticipate that fluctuations in the availability of such contract brewing arrangements will continue to impact our net sales in the North American Territory.

Foreign Territory: Net sales in the Foreign Territory for the second quarter of 2016 were $4,699,900 compared to $4,972,100 during the corresponding period of 2015, a decrease of $272,200, or 5.5% due to exchange rate fluctuation. When measured in UK Pounds Sterling, the functional currency of the UK, net sales increased by 2.3%.

Cost of Goods Sold

Cost of goods sold as a percentage of net sales during the second quarter of 2016 was 67.6%, as compared to 69.4% during the corresponding period of 2015.

North American Territory: Cost of goods sold as a percentage of net sales in the North American Territory during the second quarter of 2016 was 79.1%, compared to 78.1% during the corresponding period of 2015 mainly due to reduction in sales volume. Utilization of our production capacity has a direct impact on cost. Generally, when facilities are operating at a higher percentage of production capacity, cost is favorably affected because fixed and semi-variable operating costs, such as depreciation and production costs, are spread over a larger volume base. Our production capacity is currently under-utilized. In addition to capacity utilization, other factors that could affect cost of sales include unanticipated increases in material and shipping costs, the availability and prices of raw materials and packaging materials, and the availability of contract brewing arrangements.

Foreign Territory: Cost of goods sold as a percentage of net sales in the Foreign Territory during the second quarter of 2016 was 60.4%, as compared to 64% during the corresponding period in 2015, mainly due to product mix.

Gross Profit

Due to reduction in sales revenue offset by lower cost of goods, gross profit for the second quarter of 2016 was $2,482,300 compared to $2,489,400 during the corresponding period of 2015 (a decrease of $7,100 or 0.3%). As a percentage of net sales, gross profit during the second quarter of 2016 increased to 32.4% from 30.6% for the second quarter of 2015.

Operating Expenses

Operating expenses for the second quarter of 2016 were $2,568,900, an increase of $108,100, or 4.4%, as compared to $2,460,800 for the corresponding period of 2015. Operating expenses consist of marketing and distribution related expenses and general and administrative expenses.

Marketing and Distribution Related Expenses: Our marketing and distribution related expenses for the second quarter of 2016 were $1,293,000, as compared to $1,457,100 for the second quarter of 2015, representing a decrease of $164,100 or 11.3%.

North American Territory: Marketing and distribution related expenses in the North American Territory for the second quarter of 2016 were $289,900 compared to $322,300 during the corresponding period of 2015, representing a decrease of $32,400 or 10.1% due to a reduction in manpower. As a percentage of net sales in the North American Territory, such expenses were 9.8% during the second quarter of 2016, compared to 10.2% during the corresponding period of 2015.

Foreign Territory: Marketing and distribution related expenses in the Foreign Territory for the second quarter of 2016 were $1,003,100 compared to $1,134,800 during the corresponding period of 2015, representing a decrease of $131,700, or 11.6%. This decrease is due to reduction in manpower, reduced maintenance expenses associated with beer dispensing equipment and exchange rate fluctuation. As a percentage of net sales in the Foreign Territory, marketing and distribution related expenses were 21.3% during the second quarter of 2016 compared to 22.8% during the corresponding period of 2015.

General and Administrative Expenses: Our general and administrative expenses were $1,275,900 for the second quarter of 2016, representing an increase of $272,200 or 27.1%, from $1,003,700 for the corresponding period in 2015.

North American Territory: General and administrative expenses in the North American Territory were $620,800 for the second quarter of 2016, representing an increase of $240,200, or 63.1%, compared to $380,600 for the second quarter of 2015. The increase is due to increase in salary of administrative employees, increase in legal expenses associated with raising funds and accrued compensation to Directors on account of increase in number of meetings. As a percentage of net sales in the North American Territory, expenses increased to 21% during the second quarter of 2016, compared to 12% during the second quarter of 2015.

Foreign Territory: General and administrative expenses related to the Foreign Territory were $655,100 for the second quarter of the year 2016, representing an increase of $32,000 or 5.1%, when compared to $623,100 for the second quarter of 2015. The increase was mainly due to increase in salary of administrative employees and exchange rate loss on foreign currency transactions due to reduction in the value of UK Pounds Sterling, the functional currency of the UK. As a percentage of net sales in the Foreign Territory, expenses increased to 14% compared to 12% during the second quarter of 2015.

Other Expenses

Net other expenses for the second quarter of 2016 totaled $137,700, representing an increase of $23,400, or 20.5%, when compared to $114,300 for the second quarter of 2015. The increase was due to decreased miscellaneous income.

Income Taxes

We made a provision of $1,600 towards income tax provisions for the second quarter of 2016 but did not make any provision for taxes during the corresponding period of 2015.

Net Loss

Our net loss for the second quarter of 2016 was $225,900, compared to net loss of $85,700 for the second quarter of 2015. After providing for a positive foreign currency translation adjustment of $3,300 during the second quarter of 2016 (as compared to negative adjustment of $30,000 for the same period in 2015), our comprehensive loss for the second quarter of 2016 was $222,600, compared to comprehensive loss of $115,700 for the same period in 2015.

Six Months Ended June 30, 2016 Compared To Six Months Ended June 30, 2015

Net Sales

Our overall net sales for the first six months of 2016 were $14,453,800, a decrease of $378,900, or 2.6%, compared to net sales of $14,832,700 for the same period in 2015.

North American Territory: Net sales for the first six months of 2016 were $5,545,300 compared to $5,540,200 for the same period in 2015, an increase of $5,100 or 0.1%. Our North American Territory sales volume was 27,200 barrels during the first six months of 2016, an increase of 100 barrels from 27,100 barrels in the first six months of 2015. Sales of MBC’s brands decreased by 2,300 barrels, sales of Kingfisher brands increased by 200 barrels and sales of contract brands increased by 2,200 barrels during the first six months of 2016 compared to the same period in 2015. We continue to solicit opportunities to enter into non-binding contract brewing arrangements to address the low production capacity utilization rates in our brewing facilities, and anticipate that fluctuations in the availability of such contract brewing arrangements will continue to impact our net revenue in the North American Territory.

Foreign Territory: Net sales for the first six months of 2016 were $8,908,500 compared to $9,292,500 during the corresponding period of 2015, a decrease of $384,000 or 4.1% due to exchange rate fluctuation. When measured in UK Pounds Sterling, the functional currency of the UK, net sales increased by 1.9%.

Cost of Goods Sold

Cost of goods sold as a percentage of net sales during the first six months of 2016 was 69.5%, as compared to 69.1% during the corresponding period of 2015.

North American Territory: Cost of goods sold as a percentage of net sales in the North American Territory during the first six months of 2016 was 82.2%, as compared to 82.9%, during the corresponding period of 2015. Generally, when facilities are operating at higher percentage of production capacity, cost is favorably affected because fixed and semi-variable operating costs, such as depreciation and production costs, are spread over a larger volume base. Our production capacity is currently under-utilized.

Foreign Territory: Cost of goods sold as a percentage of net sales in the Foreign Territory during the first six months of 2016 was 61.7%, as compared to 60.9% during the corresponding period in 2015 mainly due to product mix.

Gross Profit

As a result of decreases in sales revenue, gross profit for the first six months of 2016 decreased to $4,404,400 from $4,585,000 during the corresponding period of 2015 (a decrease of $180,600 or 3.9%). As a percentage of net sales, the gross profit during the first six months of 2016 was 30.5% compared to 30.9% during the corresponding period in 2015.

Operating Expenses

Operating expenses for the first six months of 2016 were $4,988,700, a decrease of $86,600, or 1.7%, as compared to $5,075,300 for the corresponding period of the year 2015. Operating expenses consist of marketing and distribution related expenses and general and administrative expenses.

Marketing and Distribution Related Expenses: Our marketing and distribution related expenses for the first six months of the year 2016 were $2,495,800, as compared to $2,860,000 for the same period in 2015, representing a decrease of $364,200 or 12.7%.

North American Territory: Marketing and distribution related expenses in the North American Territory for the first six months of 2016 were $581,400 compared to $675,700 during the corresponding period of 2015, representing a decrease of $94,300 or 14%. The decrease was due to a reduction in manpower and associated travel costs. These expenses decreased to 10.5% of net sales in the North American Territory during the first six months of the year 2016, compared to 12.2% during the corresponding period of 2015.

Foreign Territory: Marketing and distribution related expenses in the Foreign Territory for the first six months of 2016 decreased to $1,914,400 compared to $2,184,300 during the corresponding period of 2015, representing a decrease of $269,900 or 12.4% due to reduction in manpower, reduced maintenance expenses associated with beer dispensing equipment and exchange rate fluctuation. Marketing and distribution related expenses were 21.5% of net sales in the Foreign Territory during the first six months of 2016 compared to 23.5% during the first six months of 2015.

General And Administrative Expenses: Our general and administrative expenses were $2,492,900 for the first six months of the year 2016, representing an increase of $277,600, or 12.5%, from $2,215,300 for the corresponding period in 2015.

North American Territory: General and administrative expenses in the North American Territory were $1,180,300 for the first six months of 2016, representing an increase of $319,600, or 37.1%, from $860,700 for the same period in 2015 due to increase in salary of administrative employees, increase in legal expenses associated with raising funds and accrued compensation to Directors on account of an increase in number of meetings. As a percentage of net sales in the North American Territory, expenses increased to 21% during the first six months of 2016, compared to 16% during the corresponding period in 2015.

Foreign Territory: General and administrative expenses related to the Foreign Territory were $1,312,600 for the first six months of 2016, representing a decrease of $42,000, or 3.1%, as compared to $1,354,600 for the same period in 2015 mainly due to exchange rate fluctuation. As a percentage of net sales in the North American Territory, expenses during the first six months of 2016 and 2015 were 15%.

Other Expenses

Net other expenses for the first six months of 2016 totaled $277,100 representing an increase of $11,600, or 4.4%, when compared to $265,500 for the same period in 2015. The increase was due to decreased miscellaneous income.

Income Taxes

We had a provision of $1,600 for income taxes for the first six months of 2016 compared to a provision of $3,800 during the corresponding period of 2015.

Net Loss

Our net loss for the first six months of 2016 was $863,000, as compared to net loss of $759,600 for the first six months of 2015. After providing for a positive foreign currency translation adjustment of $8,000 during the first six months of 2016 (as compared to a negative foreign currency translation adjustment of $2,900 for the same period in 2015), comprehensive loss for the first six months of 2016 was $855,000, compared to a comprehensive loss of $762,500 for the same period in 2015.

LIQUIDITY AND CAPITAL RESOURCES

Unused capacity at our Ukiah, California and Saratoga Springs, New York facilities has continued to place demands on our working capital. Historically, our operations have not generated sufficient cash flows to provide us with sufficient working capital. However, we believe that the liquidity we would derive from a related party loan, cash flows attributable to our operations, and a Financial Transaction (as defined below), if consummated, would be sufficient to fund our capital expenditures, debt maturities and other business needs for the next twelve months. We normally generate our liquidity and capital resources primarily through operations and available debt financing.

The continuation of the Company as a going concern is dependent upon continued financial support from Catamaran and/or UBHL, its ability to obtain other debt or equity financing, and generating profitable operations from the Company’s future operations. However, management cannot provide any assurances that the Company will be successful in accomplishing any of such goals. These factors raise substantial doubt regarding the Company’s ability to continue as a going concern.

On December 9, 2015, the Company engaged Gordian Group, LLC (“Gordian Group”) to serve as the Company’s exclusive investment banker to assist the Company in evaluating, exploring and, if deemed appropriate by the Company, pursuing and implementing certain strategic and financial options and transactions that may be available to the Company, including a possible debt or equity capital financing, merger, consolidation, joint venture or other business combination involving, or sale of substantially all or a material portion of the assets (outside of the ordinary course of business) or outstanding securities of, the Company and/or its subsidiaries, and/or the acquisition of substantially all or a material portion of the assets or outstanding securities of another entity (each, a “Financial Transaction”). Gordian Group is a New York-based independent investment banking firm. While the Company has commenced evaluating its available options, no conclusion as to any specific option or transaction has been reached, nor has any specific timetable been fixed for this effort, and there can be no assurance that any viable strategic or financial option or transaction will be presented, implemented or consummated. The Company intends to use proceeds of the Financial Transaction, if any, in part to repay the amount owed to Lender when it becomes due.

UBHL Support. In response to the losses incurred in connection with the Company’s operations, UBHL issued a letter of comfort to the Company’s accountants on March 5, 2015 (the “Letter of Comfort”) to confirm that UBHL had agreed to provide funding on an as needed basis to ensure that the Company is able to meet its financial obligations as and when they fall due. The Letter of Comfort does not specify either the terms of UBHL’s support, or a maximum dollar limit and is not a legally binding agreement or guarantee. UBHL’s financial support is contingent upon compliance with any applicable exchange control requirements, other applicable laws, and regulations relating to the transfer of funds from India. The Letter of Comfort does not specify any time limit for extending support. If it becomes necessary to seek UBHL’s financial assistance under the Letter of Comfort or otherwise and UBHL does not provide such financial assistance to MBC, it may result in a material adverse effect on the Company’s financial condition and on its ability to continue to operate. UBHL controls the Company’s two largest shareholders, UBA and Inversiones, and as such, is the Company’s indirect majority shareholder. The Company’s Chairman of the Board, Dr. Vijay Mallya, is also the Chairman of the board of directors of UBHL.

Catamaran Notes. On January 22, 2014, Catamaran, a related party, provided a loan to MBC in the principal amount of $500,000 evidenced by a promissory note. On April 24, 2014, Catamaran provided a second loan in the principal amount of $500,000 on terms similar to the previous note. On February 5, 2015, Catamaran provided a third loan in the principal amount of $500,000 on terms similar to the previous notes. On June 30, 2015, Catamaran provided a fourth loan in the principal amount of $500,000 on terms similar to the previous notes, and the Company received the proceeds against this note on July 6, 2015. Each time Catamaran provided a loan, the Company received a letter from Lender permitting the Company to obtain such loans subject to certain conditions, including that no portion of such loans would be payable until either (a) certain obligations of the Company to Lender pursuant to the Credit and Security Agreement were satisfied in full, or (b) such payment was a Permitted Payment. A “Permitted Payment” with respect to the notes dated January 22, 2014, April 24, 2014, and February 5, 2015 means a payment made from an equity investment by the Company’s majority shareholder in excess of $500,000. A “Permitted Payment” with respect to the note dated June 30, 2015 means a payment made from an equity investment by the Company’s majority shareholder. On March 14, 2016, Catamaran provided a fifth loan in the principal amount of $325,000 on terms substantially similar to the previous notes, except that the definition of “Permitted Payment” was revised to mean, for purposes of this fifth note, a payment made from a bridge loan by the Company’s majority shareholder in excess of $600,000. On March 30, 2016, Catamaran provided a sixth loan in the principal amount of $75,000 on terms substantially similar to the fifth note. All Catamaran loans are payable within six months following the date of the notes, and if the Company is not able to satisfy its obligations on these notes within the six month period following the date of the notes, the notes shall be automatically extended for additional six month terms until they are paid. If Catamaran ceases to provide ongoing financial support to the Company, and the Company is unable to obtain alternate financing, it would have a material adverse effect on the Company’s financial condition and the Company’s ability to continue to operate.

MB Financial Facility. On June 23, 2011, MBC and Releta entered into a Credit and Security Agreement (as amended, the “Credit and Security Agreement”) with Cole Taylor Bank, an Illinois banking corporation (“Cole Taylor”). Cole Taylor merged into MB Financial Bank, an Illinois banking corporation (“MB Financial”) on August 18, 2014. As used in this Report, “Lender” shall refer to Cole Taylor prior to August 18, 2014 and to MB Financial, as successor in interest to Cole Taylor, on or after August 18, 2014. The Credit and Security Agreement provided a credit facility with a maturity date of June 23, 2016 of up to $10,000,000 consisting of a $4,119,000 revolving facility (the “Revolver”), a $1,934,000 machinery and equipment term loan, a $2,947,000 real estate term loan and a $1,000,000 capital expenditure line of credit. The applicable interest rates were as follows: (a) with respect to the Revolver, the Wall Street Journal prime rate plus a margin of 1.00%, (b) with respect to the machinery and equipment term loan and the capital expenditure term loan, the Wall Street Journal prime rate plus a margin of 1.50%, and (c) with respect to the real estate term loan, the Wall Street Journal prime rate plus a margin of 2.00%. As described below, effective September 1, 2013, Lender was charging a default interest rate equal to two percent (2%) per annum in excess of the interest rate otherwise payable under the Credit and Security Agreement. As described below, effective July 22, 2016, Lender increased the interest rate under the Credit and Security Agreement to the Wall Street Journal prime rate plus 6% (including default interest) on all loans. As described below, the Second Amendment (among other things) reduces the advance rate for (i) eligible finished goods and raw material inventory and (ii) eligible work-in progress inventory by 2% each month. The advance rates are used in the calculation of the borrowing base of each of MBC and Releta, which is used in the determination of the amount available to each of MBC and Releta pursuant to the Revolver. Under the terms of the Credit and Security Agreement, if such availability is less than $0, or if certain components of the borrowing base of each of MBC and Releta fall below certain limits in relation to outstanding revolving loans, such difference shall be immediately due and payable. The Credit and Security Agreement binds the Company to certain financial covenants including maintaining prescribed minimum tangible net worth and prescribed minimum fixed charges coverage. There is a prepayment penalty if we prepay all of our obligations prior to the maturity date. The credit facility is secured by a first priority security interest in all of MBC’s and Releta’s personal property and a first priority mortgage on our Ukiah, California real property, among other MBC and Releta assets.

On January 21, 2015, MBC, Releta, and Lender entered into a Second Amendment (the “Second Amendment”) to the Credit and Security Agreement. The Second Amendment reduced the maximum amount of the Revolver from $4,119,000 to $2,500,000. The Second Amendment also changed the definition of borrowing base (including by lowering certain advance rates) such that the calculation of the borrowing base will result in a lower number than it would have if calculated prior to the effectiveness of the Second Amendment. The borrowing base is used in the determination of the amount available to each borrower pursuant to the Revolver. Pursuant to the Credit and Security Agreement, if such availability is less than $0, or if certain components of the borrowing base fall below certain limits in relation to outstanding revolving loans, such difference shall be immediately due and payable.

Effective July 22, 2016, MBC, Releta, and Lender entered into a Fourth Amendment (the “Fourth Amendment”) to the Credit and Security Agreement dated June 23, 2011, as previously amended on March 29, 2013, January 21, 2015 and June 20, 2016. The Fourth Amendment extended the maturity date of the Credit Agreement from July 23, 2016 to September 21, 2016 and increased the interest rate under the Credit and Security Agreement to the Wall Street Journal prime rate plus 6% (including default interest). The Fourth Amendment also confirms the continuance of certain events of default under the Credit and Security Agreement.

The Credit and Security Agreement provides that the failure of MBC and Releta to observe any covenant will constitute an event of default under the Credit and Security Agreement. Lender has not waived the events of default described in the Default Notice, the Second Default Notice or the Third Default Notice and has reserved the right to all other available rights and remedies under the Credit and Security Agreement, certain other related documents and applicable law. An event of default shall be deemed continuing until waived in writing by Lender. Under the Credit and Security Agreement, upon the occurrence of an event of default, all of MBC’s and Releta’s obligations under the Credit and Security Agreement may, at Lender’s option, be declared, and immediately shall become, due and payable, without notice of any kind. Lender could declare the full amount owed under the Credit and Security Agreement due and payable at any time for any reason or no reason. Since executing the Fourth Amendment, the Company has not received any notice or other communication from Lender that it intends to exercise any other remedies available to it under the Credit and Security Agreement in connection with the events of default. As noted above, effective July 22, 2016, Lender increased the interest rate under the Credit and Security Agreement to the Wall Street Journal prime rate plus 6% (including default interest). The Company estimates that this increase in the interest rate will result in the payment by the Company to Lender of additional interest of approximately $9,000 per month. The exercise of additional remedies by Lender may have a material adverse effect on the Company’s financial condition and the Company’s ability to continue to operate. The Credit and Security Agreement expires on September 21, 2016. There is no guarantee that MBC and Releta will be able to obtain alternate financing on terms favorable to the Company or on any terms. If the Company is unable to obtain alternate financing, it will have a material adverse effect on the Company’s financial condition and the Company’s ability to continue to operate.

HUK Facility. On April 18, 2013, KBEL entered into a loan agreement with HUK pursuant to which HUK agreed to provide KBEL with a secured term loan facility of £1,000,000 to be made available, subject to the fulfillment of certain conditions precedent, on October 9, 2013, to be repaid in full by October 9, 2016. KBEL availed itself of the loan on October 9, 2013. The Loan Agreement with HUK is described under the section captioned “Description Of Our Indebtedness” below.

Our available cash is insufficient to fund ongoing business operations, and therefore we need to raise additional funds through bank credit arrangements, or public or private equity or debt financings as described above. If we are not able to obtain bank credit arrangements or to effect an equity or debt financing on terms acceptable to us or at all, this will have a material adverse effect on the Company’s financial condition and ability to continue to operate. For example, MB Financial may seek to satisfy any outstanding obligations through recourse against the applicable pledged collateral which may include our real property, fixed assets and current assets. The loss of any material pledged asset would likely have a material adverse effect on the Company’s financial condition and ability to continue to operate.

We have several loans, lines of credit, other credit facilities and lease agreements which are currently outstanding (collectively, “Indebtedness”). We currently make timely payments of principal and interest relating to the Indebtedness as they fall due and anticipate that we will continue to make such timely payments in the immediate future. However, if we fail to maintain any of the financial covenants under the various agreements governing Indebtedness (such as the defaults under the Credit and Security Agreement described above), fail to make timely payments of amounts due under the Indebtedness, or commit any other breach resulting in an event of default under the agreements governing Indebtedness, such events of default (including cross-defaults) could have a material adverse effect on our financial condition and ability to continue to operate. If our existing debt were accelerated and terminated, we would need to obtain replacement financing, the lack of which would have a material adverse effect on our financial condition and ability to continue to operate. In addition, the Company’s lenders may seek to satisfy any outstanding obligations through recourse against the applicable pledged collateral which may include our real property and fixed and current assets. The loss of any material pledged asset would likely have a material adverse effect on the Company’s financial condition and ability to continue to operate.

Management has taken several actions to reduce the Company’s working capital needs through June 30, 2017, including reducing discretionary expenditures, reducing manpower and securing additional brewing contracts in an effort to utilize a portion of its excess production capacity. The current revenue from operations are insufficient to meet the working capital needs of the Company over the next 12 months. The Company has requested UBHL to make a capital infusion.

If UBHL or other sources do not provide sufficient financial assistance to MBC, it will result in a material adverse effect on the Company’s financial condition and on its ability to continue to operate and we may have to seek capital by selling some of the Company’s operating assets. In addition, the Company’s lenders may seek to satisfy any outstanding obligations through recourse against the applicable pledged collateral which includes the Company’s real and personal property in the United States and the United Kingdom. The loss of any material pledged asset would have a material adverse effect on the Company’s financial condition and its ability to continue to operate.

Cash Flow Results

Net cash provided by operating activities for the six months ended June 30, 2016 was $328,500, compared to net cash provided by operations of $427,300 for the six months ended June 30, 2015. During the first six months of 2016, accounts receivable decreased by $339,000 mainly due to increased collections in Foreign Territory. Accounts payable during the first six months of 2016 decreased by $283,600, mainly due to a reduction in the accounts payable in our Foreign Territory. Our inventory decreased by $197,100 during the first six months of 2016 due to lower production in North American Territory. Accrued liabilities increased by $217,200 during the first six months of 2016 mainly due to increase in accrued director compensation.

Net cash used in investing activities totaled $97,700 for the first six months of 2016, compared to $339,700 during the corresponding period in 2015, mainly due to increased purchases of beer dispensing equipment.

Net cash used in financing activities during the first six months of 2016 totaled $277,800, compared to $112,100 during the first six months of 2015, as a result of borrowing pursuant to the notes payable to Catamaran in the North American Territory and net decrease in use of the revolving line of credit and repayment of debts to MB Financial and HUK.

Description of Our Indebtedness

MB Financial Facility

On June 23, 2011, MBC and Releta entered into the Credit and Security Agreement with Cole Taylor. Cole Taylor merged into MB Financial on August 18, 2014. As used in this Report, “Lender” shall refer to Cole Taylor prior to August 18, 2014 and to MB Financial, as successor in interest to Cole Taylor, on or after August 18, 2014. The Credit and Security Agreement provided a credit facility with a maturity date of June 23, 2016 of up to $10,000,000 consisting of a $4,119,000 Revolver, a $1,934,000 machinery and equipment term loan, a $2,947,000 real estate term loan and a $1,000,000 capital expenditure line of credit. The applicable interest rates were as follows: (a) with respect to the Revolver, the Wall Street Journal prime rate plus a margin of 1.00%, (b) with respect to the machinery and equipment term loan and the capital expenditure term loan, the Wall Street Journal prime rate plus a margin of 1.50%, and (c) with respect to the real estate term loan, the Wall Street Journal prime rate plus a margin of 2.00%. As described below, effective September 1, 2013, Lender was charging a default interest rate equal to two percent (2%) per annum in excess of the interest rate otherwise payable under the Credit and Security Agreement. As described below, effective July 22, 2016, Lender increased the interest rate under the Credit and Security Agreement to the Wall Street Journal prime rate plus 6% (including default interest) on all loans. As described below, the Second Amendment (among other things) reduces the advance rate for (i) eligible finished goods and raw material inventory and (ii) eligible work-in progress inventory by 2% each month. The advance rates are used in the calculation of the borrowing base of each of MBC and Releta, which is used in the determination of the amount available to each of MBC and Releta pursuant to the Revolver. Under the terms of the Credit and Security Agreement, if such availability is less than $0, or if certain components of the borrowing base of each of MBC and Releta fall below certain limits in relation to outstanding revolving loans, such difference shall be immediately due and payable. The Credit and Security Agreement binds the Company to certain financial covenants including maintaining prescribed minimum tangible net worth and prescribed minimum fixed charges coverage. There is a prepayment penalty if we prepay all of our obligations prior to the maturity date. The credit facility is secured by a first priority security interest in all of MBC’s and Releta’s personal property and a first priority mortgage on our Ukiah, California real property, among other MBC and Releta assets.

On September 18, 2013, MBC and Releta received a Default Notice from Lender regarding its intention to exercise certain rights with respect to events of default of the Company pursuant to the Credit and Security Agreement and, effective September 1, 2013, began charging a default interest rate equal to 2% per annum in excess of the interest rate otherwise payable under the Credit and Security Agreement.

On April 18, 2014, MBC and Releta received the Second Default Notice from Lender regarding its intention to exercise certain rights with respect to events of default of the Company pursuant to the Credit and Security Agreement. The Second Default Notice required MBC and Releta to engage a consultant to perform a viability analysis and prepare a revised projection for 2014, to be delivered to Lender on or before April 30, 2014. MBC and Releta engaged a consultant and delivered a revised projection on April 30, 2014. As stated in the Second Default Notice, the Company continued to be in default on the fixed charge coverage ratio for each measurement period beginning March 31, 2013 through February 28, 2014. The required fixed charge coverage ratio was initially required to be at least 1.05 to 1.00, but as of July 31, 2013, the required fixed charge coverage ratio increased to 1.10 to 1.00 pursuant to the terms of the Credit and Security Agreement. The Second Default Notice also stated that the tangible net worth of MBC and Releta continued to fall short of the required amount as measured through February 28, 2014.

Effective August 20, 2014, pursuant to the Third Default Notice to MBC and Releta dated August 18, 2014, which referred to MBC’s and Releta’s continued failure to meet the required fixed charge coverage ratio and the tangible net worth requirement, Lender notified MBC and Releta that it would reduce the advance rate for (i) eligible finished goods and raw material inventory and (ii) eligible work-in progress inventory by 2% each month. The advance rates are used in the calculation of the borrowing base of each of MBC and Releta, which is used in the determination of the amount available to each of MBC and Releta pursuant to the Revolver. Under the terms of the Credit and Security Agreement, if such availability is less than $0, or if certain components of the borrowing base of each of MBC and Releta fall below certain limits in relation to outstanding revolving loans, such difference shall be immediately due and payable.

On January 21, 2015, MBC, Releta, and Lender entered into the Second Amendment to the Credit and Security Agreement. The Second Amendment reduced the maximum amount of the Revolver from $4,119,000 to $2,500,000. The Second Amendment also changed the definition of borrowing base (including by lowering certain advance rates) such that the calculation of the borrowing base will result in a lower number than it would have if calculated prior to the effectiveness of the Second Amendment. The borrowing base is used in the determination of the amount available to each borrower pursuant to the Revolver. Pursuant to the Credit and Security Agreement, as stated above, if such availability is less than $0, or if certain components of the borrowing base fall below certain limits in relation to outstanding revolving loans, such difference shall be immediately due and payable.

Effective July 22, 2016, MBC, Releta, and Lender entered into a Fourth Amendment (the “Fourth Amendment”) to the Credit and Security Agreement. The Fourth Amendment extended the maturity date of the Credit and Security Agreement from July 23, 2016 to September 21, 2016 and increased the interest rate under the Credit and Security Agreement to the Wall Street Journal prime rate plus 6% (including default interest). The Fourth Amendment also confirms the continuance of certain events of default under the Credit and Security Agreement.

The Credit and Security Agreement provides that the failure of MBC and Releta to observe any covenant will constitute an event of default under the Credit and Security Agreement. Lender has not waived the events of default described in the Default Notice, the Second Default Notice or the Third Default Notice and has reserved the right to all other available rights and remedies under the Credit and Security Agreement, certain other related documents and applicable law. An event of default shall be deemed continuing until waived in writing by Lender. Under the Credit and Security Agreement, upon the occurrence of an event of default, all of MBC’s and Releta’s obligations under the Credit and Security Agreement may, at Lender’s option, be declared, and immediately shall become, due and payable, without notice of any kind. Lender could declare the full amount owed under the Credit and Security Agreement due and payable at any time for any reason or no reason. Since executing the Fourth Amendment, the Company has not received any notice or other communication from Lender that it intends to exercise any other remedies available to it under the Credit and Security Agreement in connection with the events of default. As noted above, effective July 22, 2016, Lender increased the interest rate under the Credit and Security Agreement to the Wall Street Journal prime rate plus 6% (including default interest). The Company estimates that this increase in interest rate will result in the payment by the Company to Lender of additional interest of approximately $9,000 per month. The exercise of additional remedies by Lender may have a material adverse effect on the Company’s financial condition and the Company’s ability to continue to operate. The Credit and Security Agreement expires on September 21, 2016. There is no guarantee that MBC and Releta will be able to obtain alternate financing on terms favorable to the Company or on any terms. If the Company is unable to obtain alternate financing, it will have a material adverse effect on the Company’s financial condition and the Company’s ability to continue to operate.

Master Line of Credit and UBA Notes

On August 31, 1999, MBC and UBA, one of our principal shareholders, entered into a Master Line of Credit Agreement, which was subsequently amended in April 2000 and February 2001 (the “Credit Agreement”). The terms of the Credit Agreement provide us with a line of credit in the principal amount of up to $1,600,000. As of the date of this filing, UBA has made thirteen separate advances to us under the Credit Agreement and one additional advance on March 2, 2005 on substantially the same terms as those under the Credit Agreement, pursuant to a series of individual eighteen-month convertible promissory notes issued by us to UBA (the “UBA Notes”). Thirteen of the UBA Notes are convertible into common stock of the Company at a rate of $1.50 per share and one UBA Note is convertible at a rate of $1.44 per share. UBA has executed an Extension of Term of Notes under Master Line of Credit Agreement and an amendment to the March 2, 2005 note (together, the “Extension Agreements”). The Extension Agreements, as amended, confirm UBA’s extension of the terms of the UBA Notes for a period ending on June 30, 2016 with automatic renewals after such maturity date for successive one year terms, provided that either MBC or UBA may elect not to extend a term upon written notice given to the other party no more than 60 days and no fewer than 30 days prior to the expiration of the applicable term.

The UBA Notes require us to make quarterly interest payments to UBA on the first day of April, July, October, and January. To date, UBA has permitted us to capitalize all accrued interest; therefore, we have borrowed the maximum amount available under the facility. Upon maturity of any of the UBA Notes, unless UBA has given us prior instructions to commence repayment of the outstanding principal balance, the outstanding principal and accrued but unpaid interest on such UBA Notes may be converted, at the option of UBA, into shares of our common stock. During the extended term of the UBA Notes, UBA has the right to require us to repay the outstanding principal balance, along with the accrued and unpaid interest thereon, to UBA within 60 days. However, the UBA Notes are subordinated to credit facilities extended to us by Lender pursuant to a subordination agreement executed by UBA. Per the terms of the subordination agreement, UBA is precluded from demanding repayment of the UBA Notes unless and until the Lender’s facility is repaid in full.

The aggregate outstanding principal amount of the UBA Notes as of June 30, 2016 was $1,915,400, and the accrued but unpaid interest thereon was equal to approximately $1,812,500, for a total amount outstanding of $3,727,900.

As of June 30, 2016, the outstanding principal and interest on the UBA Notes was convertible into approximately 2,503,900 shares of our common stock. However, as the current market price of our common stock is substantially less than the conversion rate, voluntary conversion by UBA is unlikely.

Catamaran Notes:

On January 22, 2014, Catamaran, a related party, provided a loan to MBC in the principal amount of $500,000 evidenced by a promissory note. On April 24, 2014, Catamaran provided a second loan in the principal amount of $500,000 on terms similar to the previous note. On February 5, 2015, Catamaran provided a third loan in the principal amount of $500,000 on terms similar to the previous notes. On June 30, 2015, Catamaran provided a fourth loan in the principal amount of $500,000 on terms similar to the previous notes, and the Company received the proceeds against this note on July 6, 2015. Each time Catamaran provided a loan, the Company received a letter from Lender permitting the Company to obtain such loans subject to certain conditions, including that no portion of such loans would be payable until either (a) certain obligations of the Company to Lender pursuant to the Credit and Security Agreement (as defined below) were satisfied in full, or (b) such payment was a Permitted Payment. A “Permitted Payment” with respect to the notes dated January 22, 2014, April 24, 2014, and February 5, 2015 means a payment made from an equity investment by the Company’s majority shareholder in excess of $500,000. A “Permitted Payment” with respect to the note dated June 30, 2015 means a payment made from an equity investment by the Company’s majority shareholder. On March 14, 2016, Catamaran provided a fifth loan in the principal amount of $325,000 on terms substantially similar to the previous notes, except that the definition of “Permitted Payment” was revised to mean, for purposes of this fifth note, a payment made from a bridge loan by the Company’s majority shareholder in excess of $600,000. On March 30, 2016, Catamaran provided a sixth loan in the principal amount of $75,000 on terms substantially similar to the fifth note. The Catamaran loans are payable within six months following the date of the notes, and if the Company is not able to satisfy its obligations on these notes within the six month period following the date of the notes, the notes shall be automatically extended for additional six month terms until they are paid. If Catamaran ceases to provide ongoing financial support to the Company, and the Company is unable to obtain alternate financing, it would have a material adverse effect on the Company’s financial condition and the Company’s ability to continue to operate.

Other Loans, Credit Facilities and Commitments

Heineken Loan

On April 18, 2013, KBEL entered into a loan agreement with Heineken UK Limited (“HUK”) pursuant to which HUK agreed to provide KBEL with a secured term loan facility of £1,000,000 (the “HUK Loan Agreement”) which was made available, upon the fulfillment of certain conditions precedent, on October 9, 2013 and to be repaid in full by October 9, 2016. Interest on the loan is payable quarterly in arrears on the outstanding balance of the loan at the rate of 5% above the Bank of England base rate. Prepayment is permitted. Upon an event of default, as defined in the HUK Loan Agreement, if HUK and KBEL fail to agree on a payment plan acceptable to HUK, HUK may, among other remedies, declare the loan immediately due and repayable or exercise its right to an exclusive license pursuant to the Sub-Licence Agreement as described and defined in the HUK Loan Agreement.

Royal Bank of Scotland Facility

On April 26, 2005, RBS provided KBEL with an approximately $2.8 million (£1,750,000) maximum revolving line of credit with an advance rate based on 80% of KBEL’s qualified accounts receivable. On July 20, 2016, KBEL used the proceeds from the Invoice Discounting Facility provided by Santander (described below) to repay the amount owed in full to RBS and terminated this facility.

Santander Facility:

On July 20, 2016, KBEL entered into a Sales Finance Agreement with Santander, (the “Invoice Discounting Facility”) pursuant to which Santander provided KBEL with an approximately $2.3 million (£1,750,000) maximum revolving line of credit (the “Review Limit”) with advances permitted up to 85% of KBEL’s qualified accounts receivable. This facility has a minimum maturity of twelve months, but will be automatically extended unless terminated by either party upon three months’ written notice. If the Invoice Discounting Facility terminates on or before the first anniversary, KBEL must pay as breakage costs 3% of the Review Limit. The Invoice Discounting Facility carries an interest rate of 2.1% above the Santander base rate and a fixed service charge of approximately $1,300 (£1,000) per month. The Invoice Discounting Facility binds KBEL to certain financial covenants relating to accounts receivable including turnover ratios, maximum dilution, and ageing, while also requiring KBEL to maintain a minimum level of net tangible assets.

Weighted Average Interest

The weighted average interest rates paid on our US indebtedness was 6% for the first six months of 2016 and 2015. For loans primarily associated with our Foreign Territory, the weighted average rate paid was 4% for the first six months of 2016 and 2015.

Current Ratio

On June 30, 2016, our ratio of current assets to current liabilities was 0.31 to 1.00 and our ratio of total assets to total liabilities was 0.87 to 1.00. On June 30, 2015, our ratio of current assets to current liabilities was 0.34 to 1.00 and our ratio of total assets to total liabilities was 0.93 to 1.00.

Restricted Net Assets

Item 3. Quantitative and Qualitative Disclosures About Market Risk

Not required for smaller reporting companies.

Item 4. Controls and Procedures

Disclosure Controls And Procedures

Our Management team, under the supervision and with the participation of our chief executive officer (our principal executive officer) and our chief financial officer (our principal financial officer), evaluated the effectiveness of the design and operation of our disclosure controls and procedures as such term is defined under Rule 13a-15(e) promulgated under the Securities Exchange Act of 1934, as amended (the “Exchange Act”), as of the last day of the quarter ended June 30, 2016. The term disclosure controls and procedures means our controls and other procedures that are designed to ensure that information required to be disclosed by us in the reports that we file or submit under the Exchange Act is recorded, processed, summarized and reported, within the time periods specified in the SEC’s rules and forms. Disclosure controls and procedures include, without limitation, controls and procedures designed to ensure that information required to be disclosed by us in the reports that we file or submit under the Exchange Act is accumulated and communicated to Management, including our chief executive officer and chief financial officer, or persons performing similar functions, as appropriate to allow timely decisions regarding required disclosure. Based on this evaluation, our chief executive officer and our chief financial officer concluded that our disclosure controls and procedures were effective as of June 30, 2016.

Changes In Internal Control Over Financial Reporting

There have not been any changes in the Company’s internal control over financial reporting (as such term is defined in Rules 13a-15(f) and 15d-15(f) under the Exchange Act) during the fiscal quarter ended June 30, 2016 that have materially affected, or are reasonably likely to materially affect, the Company’s internal control over financial reporting.

PART II

OTHER INFORMATION

Item 3. Defaults Upon Senior Securities

The discussion provided under the heading “Liquidity and Capital Resources” with respect to our default under the Credit and Security Agreement with Lender, and the discussion under the subheading “MB Financial Facility,” under the heading “Description of Our Indebtedness,” both set forth in Item 2 of PART I of this Quarterly Report, are hereby incorporated by reference in their entirety.

Item 6. Exhibits

Exhibit Number		Description

10.1	(A)	Third Amendment to Credit and Security Agreement, effective as of June 20, 2016, by and among MB Financial Bank, N.A., successor in interest to Cole Taylor Bank, Mendocino Brewing Company, Inc., a California corporation, and Releta Brewing Company LLC, a Delaware limited liability company.

10.2	(B)	Sales Finance Agreement between Kingfisher Beer Europe Limited and Santander UK plc, dated July 20, 2016 (“Sales Finance Agreement”); Amendment to the Sales Finance Agreement.

10.3	(B)	Fourth Amendment to Credit and Security Agreement, effective as of July 22, 2016, by and among MB Financial Bank, N.A., successor in interest to Cole Taylor Bank, Mendocino Brewing Company, Inc., a California corporation, and Releta Brewing Company LLC, a Delaware limited liability company.

31.1		Certification of Principal Executive Officer Pursuant to Rule 13a-14(a)/15d-14(a) of the Securities Exchange Act of 1934.*

31.2		Certification of Principal Financial Officer Pursuant to Rule 13a-14(a)/15d-14(a) of the Securities Exchange Act of 1934.*

32.1		Certification of Principal Executive Officer Pursuant to Rule 13a-14(b)/15d-14(b) of the Securities Exchange Act of 1934 and 18 U.S.C. Section 1350.**

32.2		Certification of Principal Financial Officer Pursuant to Rule 13a-14(b)/15d-14(b) of the Securities Exchange Act of 1934 and 18 U.S.C. Section 1350.**

101.INS		XBRL Instance Document

101.SCH		XBRL Taxonomy Extension Schema Document

101.CAL		XBRL Taxonomy Extension Calculation Linkbase Document

101.DEF		XBRL Taxonomy Extension Definition Linkbase Document

101.LAB		XBRL Taxonomy Extension Label Linkbase Document

101.PRE		XBRL Taxonomy Extension Presentation Linkbase Document

* Filed herewith.

** Furnished herewith.

NOTE: Each Exhibit listed above that is annotated with one of the following letters is incorporated by reference from the following sources:

(A)	MBC’s Current Report on Form 8-K filed as of June 24, 2016.

(B)	MBC’s Current Report on Form 8-K filed as of July 26, 2016.

SignatureS

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

	mendocino brewing company, inc.

Dated: August 15, 2016	By:	/s/ Yashpal Singh
		Yashpal Singh
		President and Chief Executive Officer
		(Principal Executive Officer)

Dated: August 15, 2016	By:	/s/ Mahadevan Narayanan
		Mahadevan Narayanan
		Chief Financial Officer and Secretary
		(Principal Financial and Accounting Officer)

EX-31.1 2 ex31-1.htm

Exhibit 31.1

CERTIFICATION PURSUANT TO RULE 13a-14(a) AND 15d-14(a)
OF THE SECURITIES EXCHANGE ACT OF 1934

I, Yashpal Singh, certify that:

1.	I have reviewed this quarterly report on Form 10-Q of Mendocino Brewing Company, Inc.;

2.	Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3.	Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4.	The registrant’s other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

	a.	Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

	b.	Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

	c.	Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

	d.	Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

5.	The registrant’s other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):

	a.	All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and

	b.	Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

Date: August 15, 2016

	/s/ Yashpal Singh
	Yashpal Singh, Chief Executive Officer
	(Principal Executive Officer)

EX-31.2 3 ex31-2.htm

Exhibit 31.2

CERTIFICATION PURSUANT TO RULE 13a-14(a) AND 15d-14(a)
OF THE SECURITIES EXCHANGE ACT OF 1934

I, Mahadevan Narayanan, certify that:

1.	I have reviewed this quarterly report on Form 10-Q of Mendocino Brewing Company, Inc.;

2.	Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3.	Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4.	The registrant’s other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

	a.	Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

	b.	Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

	c.	Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

	d.	Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

5.	The registrant’s other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):

	a.	All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and

	b.	Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

Date: August 15, 2016
	/s/ Mahadevan Narayanan
	Mahadevan Narayanan,
	Chief Financial Officer
	(Principal Financial and Accounting Officer)

EX-32.1 4 ex32-1.htm

Exhibit 32.1

CERTIFICATION PURSUANT TO 18 U.S.C. SECTION 1350

In connection with the Quarterly Report of Mendocino Brewing Company, Inc. (the “Company”) on Form 10-Q for the quarterly period ended June 30, 2016, as filed with the Securities and Exchange Commission on the date hereof (the “Report”), I, Yashpal Singh, Chief Executive Officer of the Company, certify, pursuant to Title 18, United States Code, Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that, to the best of my knowledge:

	(1)	The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934, as amended; and

	(2)	The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.

A signed original of this written statement required by Section 906 has been provided to the Company and will be retained by the Company and furnished to the Securities and Exchange Commission or its staff upon request.

Date: August 15, 2016

	/s/ Yashpal Singh
	Yashpal Singh
	Title: Chief Executive Officer
	(Principal Executive Officer)

EX-32.2 5 ex32-2.htm

Exhibit 32.2

CERTIFICATION PURSUANT TO 18 U.S.C. SECTION 1350

In connection with the Quarterly Report of Mendocino Brewing Company, Inc. (the “Company”) on Form 10-Q for the quarterly period ended June 30, 2016, as filed with the Securities and Exchange Commission on the date hereof (the “Report”), I, Mahadevan Narayanan, Chief Financial Officer of the Company, certify, pursuant to Title 18, United States Code, Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that, to the best of my knowledge:

	(1)	The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934, as amended; and

	(2)	The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.

Date: August 15, 2016

	/s/ Mahadevan Narayanan
	Mahadevan Narayanan
	Title: Chief Financial Officer
	(Principal Financial and Accounting Officer)

EX-101.INS 6 menb-20160630.xml XBRL INSTANCE FILE 0000919134 2016-06-30 0000919134 2016-01-01 2016-06-30 0000919134 us-gaap:RevolvingCreditFacilityMember 2011-06-23 0000919134 MENB:MachineryAndEquipmentTermLoanMember 2011-06-23 0000919134 MENB:RealEstateTermLoanMember 2011-06-23 0000919134 MENB:CapitalExpenditureLineOfCreditMember 2011-06-23 0000919134 MENB:RoyalBankOfScotlandCommercialServicesLimitedMember 2005-04-22 2005-04-26 0000919134 2011-06-23 0000919134 MENB:OneUnitedBreweriesOfAmericaIncNoteMember 2016-06-30 0000919134 MENB:NorthAmericanTerritoryMember 2015-01-01 2015-06-30 0000919134 MENB:NorthAmericanTerritoryMember 2016-01-01 2016-06-30 0000919134 MENB:ForeignTerritoryMember 2016-01-01 2016-06-30 0000919134 MENB:MbFinancialBankNotesWithFourPercentageOfPrimePlusInterestRateMember 2015-12-31 0000919134 MENB:MbFinancialBankNotesWithFourPercentageOfPrimePlusInterestRateMember 2016-06-30 0000919134 MENB:MBFinancialBankNotesWithThreePointFivePercentageOfPrimePlusInterestRateMember 2015-12-31 0000919134 MENB:MBFinancialBankNotesWithThreePointFivePercentageOfPrimePlusInterestRateMember 2016-06-30 0000919134 MENB:MbFinancialBankNotesWithFourPercentageOfPrimePlusInterestRateMember 2016-01-01 2016-06-30 0000919134 MENB:MbFinancialBankNotesWithFourPercentageOfPrimePlusInterestRateMember 2015-01-01 2015-12-31 0000919134 MENB:MBFinancialBankNotesWithThreePointFivePercentageOfPrimePlusInterestRateMember 2016-01-01 2016-06-30 0000919134 MENB:MBFinancialBankNotesWithThreePointFivePercentageOfPrimePlusInterestRateMember 2015-01-01 2015-12-31 0000919134 2011-06-20 2011-06-23 0000919134 MENB:RoyalBankOfScotlandCommercialServicesLimitedMember 2005-04-26 0000919134 MENB:ForeignTerritoryMember 2015-01-01 2015-06-30 0000919134 MENB:RoyalBankOfScotlandCommercialServicesLimitedMember 2016-06-30 0000919134 2015-12-31 0000919134 MENB:ParentAndSubsidiaryOrAffiliateCompanyMember 2015-12-31 0000919134 MENB:LoanFromHeinekenUKLimitedWithFivePercentageOfInterestRateOfPrimePlusMember 2015-12-31 0000919134 MENB:LoanFromHeinekenUKLimitedWithFivePercentageOfInterestRateOfPrimePlusMember 2016-06-30 0000919134 MENB:LoanFromHeinekenUKLimitedWithFivePercentageOfInterestRateOfPrimePlusMember 2015-01-01 2015-12-31 0000919134 MENB:LoanFromHeinekenUKLimitedWithFivePercentageOfInterestRateOfPrimePlusMember 2016-01-01 2016-06-30 0000919134 MENB:HeinekenUKLimitedMember 2015-01-01 2015-06-30 0000919134 MENB:HeinekenUKLimitedMember 2016-01-01 2016-06-30 0000919134 MENB:HeinekenUKLimitedMember 2015-06-30 0000919134 MENB:HeinekenUKLimitedMember 2016-06-30 0000919134 MENB:CatamaranServiceIncMember 2014-01-21 2014-01-22 0000919134 2015-01-01 2015-06-30 0000919134 MENB:HeinekenUKLimitedMember MENB:GBPMember 2013-10-09 0000919134 MENB:HeinekenUKLimitedMember MENB:GBPMember 2013-10-06 2013-10-09 0000919134 MENB:CatamaranMember 2016-06-30 0000919134 2014-08-12 2014-08-20 0000919134 MENB:MbFinancialBankMember 2016-06-30 0000919134 MENB:CatamaranServiceIncMember 2015-02-01 2015-02-05 0000919134 MENB:MbFinancialBankMember 2016-01-01 2016-06-30 0000919134 MENB:CatamaranServiceIncMember 2014-04-23 2014-04-24 0000919134 MENB:UBAMember 2015-01-01 2015-06-30 0000919134 MENB:UBAMember 2016-01-01 2016-06-30 0000919134 MENB:ThirteenUnitedBreweriesOfAmericaIncNotesMember 2016-06-30 0000919134 us-gaap:RevolvingCreditFacilityMember MENB:AfterSecondAmendmentMember 2015-01-20 2015-01-21 0000919134 2016-08-12 0000919134 MENB:BorrowingFromCatamaranMember 2016-01-01 2016-06-30 0000919134 MENB:BorrowingFromCatamaranMember 2015-01-01 2015-06-30 0000919134 MENB:UBAMember 2015-06-30 0000919134 MENB:UBAMember 2016-06-30 0000919134 MENB:CatamaranMember 2015-06-30 0000919134 MENB:CatamaranServiceIncMember 2016-03-13 2016-03-14 0000919134 2015-06-30 0000919134 2011-06-30 0000919134 MENB:GBPMember 2005-04-26 0000919134 2014-12-31 0000919134 MENB:UnitedKingdomMember 2016-06-30 0000919134 us-gaap:RevolvingCreditFacilityMember 2011-06-22 2011-06-23 0000919134 MENB:MachineryAndEquipmentTermLoanMember 2011-06-22 2011-06-23 0000919134 MENB:CapitalExpenditureLineOfCreditMember 2011-06-22 2011-06-23 0000919134 MENB:RealEstateTermLoanMember 2011-06-22 2011-06-23 0000919134 2014-04-18 0000919134 MENB:CatamaranServiceIncMember 2015-01-29 2015-01-30 0000919134 MENB:CatamaranServiceIncMember 2016-06-30 0000919134 MENB:CatamaranServiceIncMember us-gaap:MinimumMember 2016-06-30 0000919134 MENB:CatamaranServiceIncMember us-gaap:MaximumMember 2016-06-30 0000919134 MENB:CatamaranServiceIncMember 2015-06-29 2015-06-30 0000919134 MENB:ParentAndSubsidiaryOrAffiliateCompanyMember 2016-06-30 0000919134 MENB:CatamaranServiceIncMember 2016-03-29 2016-03-30 0000919134 2016-04-01 2016-06-30 0000919134 2015-04-01 2015-06-30 0000919134 us-gaap:RevolvingCreditFacilityMember MENB:AfterThirdAmendmentMember 2016-06-19 2016-06-20 0000919134 us-gaap:RevolvingCreditFacilityMember MENB:AfterFourthAmendmentMember 2016-06-29 2016-06-30 0000919134 MENB:KBELMember MENB:JulyTwentyTwoThosuandSixteenMember 2016-06-30 0000919134 MENB:KBELMember MENB:JulyTwentyTwoThosuandSixteenMember MENB:GBPMember 2016-06-30 0000919134 MENB:MbFinancialBankNotesWithFourPercentageOfPrimePlusInterestRateMember MENB:SeptemberTwentyTwoMember 2016-01-01 2016-06-30 0000919134 MENB:MBFinancialBankNotesWithThreePointFivePercentageOfPrimePlusInterestRateMember MENB:SeptemberTwentyTwoMember 2016-01-01 2016-06-30 0000919134 MENB:MBFinancialBankNotesWithThreePointFivePercentageOfPrimePlusInterestRateMember MENB:SeptemberTwentyTwoMember 2015-01-01 2015-12-31 0000919134 MENB:MbFinancialBankNotesWithFourPercentageOfPrimePlusInterestRateMember MENB:SeptemberTwentyTwoMember 2015-01-01 2015-12-31 0000919134 MENB:CatamaranMember 2016-01-01 2016-06-30 0000919134 MENB:CatamaranMember 2015-01-01 2015-06-30 0000919134 us-gaap:SubsequentEventMember MENB:KBELMember 2016-07-20 0000919134 us-gaap:SubsequentEventMember MENB:KBELMember MENB:GBPMember 2016-07-20 0000919134 us-gaap:SubsequentEventMember MENB:WallStreetJournalMember 2016-07-21 2016-07-22 0000919134 MENB:UBHLMember 2016-02-03 0000919134 MENB:SeverancePayableCEOMember 2016-01-01 2016-06-30 0000919134 MENB:SeverancePayableCEOMember 2016-06-30 0000919134 MENB:SeverancePayableLongTermMember MENB:SeverancePayableCFOMember 2016-06-30 0000919134 MENB:SubordinatedConvertibleNotesPayableMember 2016-06-30 iso4217:USD xbrli:shares iso4217:USD xbrli:shares xbrli:pure iso4217:GBP MENB:Segment MENDOCINO BREWING CO INC 2016-06-30 false --12-31 Smaller Reporting Company

Statements of Operations   <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td> </td> <td style="text-align: center; line-height: 115%"> </td> <td colspan="6" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%">Three months ended June 30</td> <td style="text-align: center; line-height: 115%"> </td> <td style="text-align: center; line-height: 115%"> </td> <td colspan="6" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%">Six months ended June 30</td> <td style="text-align: center; line-height: 115%"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: center; line-height: 115%"> </td> <td style="text-align: center; line-height: 115%"> </td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%">2016</td> <td style="text-align: center; line-height: 115%"> </td> <td style="text-align: center; line-height: 115%"> </td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%">2015</td> <td style="text-align: center; line-height: 115%"> </td> <td style="text-align: center; line-height: 115%"> </td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%">2016</td> <td style="text-align: center; line-height: 115%"> </td> <td style="text-align: center; line-height: 115%"> </td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%">2015</td> <td style="text-align: center; line-height: 115%"> </td></tr> <tr style="vertical-align: bottom"> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td colspan="2" style="text-align: right; line-height: 115%">(unaudited)</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td colspan="2" style="text-align: right; line-height: 115%">(unaudited)</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td colspan="2" style="text-align: right; line-height: 115%">(unaudited)</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td colspan="2" style="text-align: right; line-height: 115%">(unaudited)</td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 44%; line-height: 115%">Net sales</td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%">$</td> <td style="width: 11%; text-align: right; line-height: 115%">2,953,000</td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%">$</td> <td style="width: 11%; text-align: right; line-height: 115%">3,166,500</td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%">$</td> <td style="width: 11%; text-align: right; line-height: 115%">5,545,300</td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%">$</td> <td style="width: 11%; text-align: right; line-height: 115%">5,540,200</td> <td style="width: 1%; line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%">Cost of goods sold</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%">(2,335,800</td> <td style="line-height: 115%">)</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%">(2,471,300</td> <td style="line-height: 115%">)</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%">(4,560,900</td> <td style="line-height: 115%">)</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%">(4,593,900</td> <td style="line-height: 115%">)</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%">Sales, marketing, and retail expenses</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%">(289,900</td> <td style="line-height: 115%">)</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%">(322,300</td> <td style="line-height: 115%">)</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%">(581,400</td> <td style="line-height: 115%">)</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%">(675,700</td> <td style="line-height: 115%">)</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%">General and administrative expenses</td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%">(620,800</td> <td style="line-height: 115%">)</td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%">(380,600</td> <td style="line-height: 115%">)</td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%">(1,180,300</td> <td style="line-height: 115%">)</td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%">(860,700</td> <td style="line-height: 115%">)</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%">Loss from operations</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%">(293,500</td> <td style="line-height: 115%">)</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%">(7,700</td> <td style="line-height: 115%">)</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%">(777,300</td> <td style="line-height: 115%">)</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%">(590,100</td> <td style="line-height: 115%">)</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%">Other income</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%">8,100</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%">40,500</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%">11,800</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%">43,600</td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%">Interest expense</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%">(120,300</td> <td style="line-height: 115%">)</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%">(124,500</td> <td style="line-height: 115%">)</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%">(238,000</td> <td style="line-height: 115%">)</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%">(247,500</td> <td style="line-height: 115%">)</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%">Provision for taxes</td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%">(1,600</td> <td style="line-height: 115%">)</td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%">-</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%">(1,600</td> <td style="line-height: 115%">)</td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%">(3,800</td> <td style="line-height: 115%">)</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%">Net loss</td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 2.25pt double; line-height: 115%">$</td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%">(407,300</td> <td style="line-height: 115%">)</td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 2.25pt double; line-height: 115%">$</td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%">(91,700</td> <td style="line-height: 115%">)</td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 2.25pt double; line-height: 115%">$</td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%">(1,005,100</td> <td style="line-height: 115%">)</td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 2.25pt double; line-height: 115%">$</td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%">(797,800</td> <td style="line-height: 115%">)</td></tr> </table>

1889900

1321700

10000000

2800000

1750000

2016-06-23

1345300

1547000

1307900

2016-09-21

2016-10-09

2016-09-21

The computations of basic and dilutive net loss per share are as follows:   <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="text-align: center; line-height: 115%"> </td> <td style="text-align: center; line-height: 115%"> </td> <td colspan="6" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%">Three months ended</td> <td style="text-align: center; line-height: 115%"> </td> <td style="text-align: center; line-height: 115%"> </td> <td colspan="6" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%">Six months ended</td> <td style="text-align: center; line-height: 115%"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: center; line-height: 115%"> </td> <td style="text-align: center; line-height: 115%"> </td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%">6/30/2016</td> <td style="text-align: center; line-height: 115%"> </td> <td style="text-align: center; line-height: 115%"> </td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%">6/30/2015</td> <td style="text-align: center; line-height: 115%"> </td> <td style="text-align: center; line-height: 115%"> </td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%">6/30/2016</td> <td style="text-align: center; line-height: 115%"> </td> <td style="text-align: center; line-height: 115%"> </td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%">6/30/2015</td> <td style="text-align: center; line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 48%; text-align: justify; line-height: 115%">Net loss</td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%">$</td> <td style="width: 10%; text-align: right; line-height: 115%">(225,900</td> <td style="width: 1%; line-height: 115%">)</td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 10%; text-align: right; line-height: 115%">(85,700</td> <td style="width: 1%; line-height: 115%">)</td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%">$</td> <td style="width: 10%; text-align: right; line-height: 115%">(863,000</td> <td style="width: 1%; line-height: 115%">)</td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 10%; text-align: right; line-height: 115%">(759,600</td> <td style="width: 1%; line-height: 115%">)</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="text-align: justify; line-height: 115%">Weighted average common shares outstanding</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%">12,611,133</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%">12,611,133</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%">12,611,133</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%">12,611,133</td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="text-align: justify; line-height: 115%">Basic net loss per share</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%">$</td> <td style="text-align: right; line-height: 115%">(0.02</td> <td style="line-height: 115%">)</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%">(0.01</td> <td style="line-height: 115%">)</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%">$</td> <td style="text-align: right; line-height: 115%">(0.07</td> <td style="line-height: 115%">)</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%">(0.06</td> <td style="line-height: 115%">)</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="text-align: justify; line-height: 115%">Interest expense on convertible notes</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%">$</td> <td style="text-align: right; line-height: 115%">-</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%">-</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%">$</td> <td style="text-align: right; line-height: 115%">-</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%">-</td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="text-align: justify; line-height: 115%">Loss for computing diluted net income per share</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%">$</td> <td style="text-align: right; line-height: 115%">(225,900</td> <td style="line-height: 115%">)</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%">(85,700</td> <td style="line-height: 115%">)</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%">$</td> <td style="text-align: right; line-height: 115%">(863,000</td> <td style="line-height: 115%">)</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%">(759,600</td> <td style="line-height: 115%">)</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="text-align: justify; line-height: 115%">Incremental shares from assumed exercise of dilutive securities</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%">-</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%">-</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%">-</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%">-</td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="text-align: justify; line-height: 115%">Dilutive potential common shares</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%">12,611,133</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%">12,611,133</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%">12,611,133</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%">12,611,133</td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="text-align: justify; line-height: 115%">Diluted net loss per share</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%">$</td> <td style="text-align: right; line-height: 115%">(0.02</td> <td style="line-height: 115%">)</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%">(0.01</td> <td style="line-height: 115%">)</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%">$</td> <td style="text-align: right; line-height: 115%">(0.07</td> <td style="line-height: 115%">)</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%">(0.06</td> <td style="line-height: 115%">)</td></tr> </table>

0.0138

0.04

0.035

0.05

0.03

0.0100

0.0150

0.0200

0.06

P1Y

3111300

2276200

2202500

1102400

908800

3378600

12300

32300

119400

2165600 2165600 811900 811900

The following table reflects the value of such transactions during the six months ended June 30, 2016 and 2015 and the balances outstanding as of June 30, 2016 and December 31, 2015.   <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="border-bottom: black 1.5pt solid; line-height: 115%">TRANSACTIONS</td> <td style="line-height: 115%"> </td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%">June 30, 2016</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%">June 30, 2015</td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 62%; line-height: 115%">Purchases from HUK</td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%">$</td> <td style="width: 16%; text-align: right; line-height: 115%">5,377,300</td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%">$</td> <td style="width: 16%; text-align: right; line-height: 115%">5,530,600</td> <td style="width: 1%; line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%">Expense reimbursement including interest to HUK</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%">$</td> <td style="text-align: right; line-height: 115%">438,100</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%">$</td> <td style="text-align: right; line-height: 115%">464,600</td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%">Interest expense related to UBA convertible notes</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%">$</td> <td style="text-align: right; line-height: 115%">47,800</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%">$</td> <td style="text-align: right; line-height: 115%">45,100</td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%">Interest expenses related to Catamaran notes</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%">$</td> <td style="text-align: right; line-height: 115%">55,600</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%">$</td> <td style="text-align: right; line-height: 115%">33,100</td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%">Borrowing from Catamaran</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%">$</td> <td style="text-align: right; line-height: 115%">400,000</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%">$</td> <td style="text-align: right; line-height: 115%">500,000</td> <td style="line-height: 115%"> </td></tr> </table>   <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="border-bottom: black 1.5pt solid; line-height: 115%">ACCOUNT BALANCES</td> <td style="line-height: 115%"> </td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%">June 30, 2016</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%">Dec 31, 2015</td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 62%; line-height: 115%">Accounts payable and accrued liability to HUK</td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%">$</td> <td style="width: 16%; text-align: right; line-height: 115%">1,419,600</td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%">$</td> <td style="width: 16%; text-align: right; line-height: 115%">1,669,400</td> <td style="width: 1%; line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%">Notes payable to Catamaran</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%">$</td> <td style="text-align: right; line-height: 115%">2,575,200</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%">$</td> <td style="text-align: right; line-height: 115%">2,119,600</td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%">Notes payable to UBA</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%">$</td> <td style="text-align: right; line-height: 115%">3,727,900</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%">$</td> <td style="text-align: right; line-height: 115%">3,680,100</td> <td style="line-height: 115%"> </td></tr> </table>

10000000

227600

30000000

12611133

-863000 -759600 -225900 -85700

225000

62900

65300

519000

541400

273200

312200

490200

628100

83333

727700

680400

2306000

1750000

2306000

1750000

1.15 1.05

220700

491500

220700

155000

1000000

22500

1.44

1.50

10-Q

491500

220700

500000

0.02

1812500

1764700

-584300

-586800

-773700

189400

96500

-490300

-86600

28600

3727900

3680100

5530600

5377300

464600 438100 2575200 3680100 3727900 2119600 Q2 2.5 20

102100

61300

119900

61500

500000

325000

500000

75000

MENB

102400

129600

121500

145100

45100 47800 55600 33100

400000

500000

1669400

1419600

2016-12-31 2500000 1250000 300

1889900

97700 70400 6200 91500 269300 339700

571200

336700

339300

231900

244700

581400

15599200 13183400 12250900 3348300 4106600 17290000

14453800

5540200

5545300

8908500

9292500

14832700

6. Subordinated Convertible Notes Payable to Related Party   Subordinated convertible notes to related parties are unsecured convertible notes payable to UBA for a total value including interest (at the prime rate plus 1.5%, but not to exceed 10% per year) of $3,727,900 and $3,680,100 as of June 30, 2016 and December 31, 2015, respectively. Thirteen of the UBA notes are convertible into common stock at $1.50 per share and one UBA note is convertible at a rate of $1.44 per share. The UBA notes have been extended until June 2016 but have automatic renewals after such maturity date for successive one year terms, provided that either the Company or UBA may elect not to extend the term upon written notice given to the other party no more than 60 days and no fewer than 30 days prior to the expiration of such term. UBA may demand payment within 60 days following the end of the extension period but is precluded from doing so pursuant to a subordination agreement with Lender. The loans from Lender to which the UBA notes are subordinated mature in September 2016. The Company expects the UBA notes to be continued to be subordinated to any new financing facility obtained after maturity of Lenders facility. The Company will also attempt to induce conversion of UBA notes to equity. The Company does not expect to have to use working capital to repay any of the UBA notes. The UBA notes include $1,812,500 and $1,764,700 of accrued interest at June 30, 2016 and December 31, 2015, respectively.

7. Secured Notes Payable   Maturities of secured notes payable for succeeding years are as follows:   <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="text-align: justify; line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%">June 30, 2016</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%">December 31, 2015</td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 62%; text-align: justify; line-height: 115%">Loan from MB Financial, payable in monthly installments of $12,300, plus interest (including default interest) at prime plus 4% (6% effective 7/22/16) with a balloon payment of approximately $2,165,600 in September 2016; secured by substantially all assets of Releta and MBC.</td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%">$</td> <td style="width: 16%; text-align: right; line-height: 115%">2,202,500</td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%">$</td> <td style="width: 16%; text-align: right; line-height: 115%">2,276,200</td> <td style="width: 1%; line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="text-align: justify; line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="text-align: justify; line-height: 115%">Loans from MB Financial, payable in monthly installments of $32,300 plus interest (including default interest) at prime plus 3.5% (6% effective 7/22/16) with a balloon payment of approximately $811,900 in September 2016; secured by substantially all assets of Releta and MBC.</td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%">908,800</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%">1,102,400</td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="text-align: justify; line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%">3,111,300</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%">3,378,600</td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="text-align: justify; line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="text-align: justify; line-height: 115%">Less current maturities</td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%">3,111,300</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%">3,378,600</td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="text-align: justify; line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 2.25pt double; line-height: 115%">$</td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%">-</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 2.25pt double; line-height: 115%">$</td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%">-</td> <td style="line-height: 115%"> </td></tr> </table>

Inventories are stated at the lower of average cost or market and consist of the following:   <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="text-align: center; line-height: 115%"> </td> <td style="text-align: center; line-height: 115%"> </td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%">June 30, 2016</td> <td style="text-align: center; line-height: 115%"> </td> <td style="text-align: center; line-height: 115%"> </td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%">December 31, 2015</td> <td style="text-align: center; line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 54%; line-height: 115%">Raw Materials</td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%">$</td> <td style="width: 20%; text-align: right; line-height: 115%">490,200</td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%">$</td> <td style="width: 20%; text-align: right; line-height: 115%">628,100</td> <td style="width: 1%; line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%">Beer-in-process</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%">273,200</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%">312,200</td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%">Finished Goods</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%">519,000</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%">541,400</td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%">Merchandise</td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%">62,900</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%">65,300</td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%">TOTAL</td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 2.25pt double; line-height: 115%">$</td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%">1,345,300</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 2.25pt double; line-height: 115%">$</td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%">1,547,000</td> <td style="line-height: 115%"> </td></tr> </table>

Maturities of secured notes payable for succeeding years are as follows:   <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="text-align: justify; line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%">June 30, 2016</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%">December 31, 2015</td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 62%; text-align: justify; line-height: 115%">Loan from MB Financial, payable in monthly installments of $12,300, plus interest (including default interest) at prime plus 4% (6% effective 7/22/16) with a balloon payment of approximately $2,165,600 in September 2016; secured by substantially all assets of Releta and MBC.</td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%">$</td> <td style="width: 16%; text-align: right; line-height: 115%">2,202,500</td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%">$</td> <td style="width: 16%; text-align: right; line-height: 115%">2,276,200</td> <td style="width: 1%; line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="text-align: justify; line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="text-align: justify; line-height: 115%">Loans from MB Financial, payable in monthly installments of $32,300 plus interest (including default interest) at prime plus 3.5% (6% effective 7/22/16) with a balloon payment of approximately $811,900 in September 2016; secured by substantially all assets of Releta and MBC.</td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%">908,800</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%">1,102,400</td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="text-align: justify; line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%">3,111,300</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%">3,378,600</td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="text-align: justify; line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="text-align: justify; line-height: 115%">Less current maturities</td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%">3,111,300</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%">3,378,600</td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="text-align: justify; line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 2.25pt double; line-height: 115%">$</td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%">-</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 2.25pt double; line-height: 115%">$</td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%">-</td> <td style="line-height: 115%"> </td></tr> </table>

<table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%">June 30, 2016</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%">December 31, 2015</td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 62%; padding-left: 5.4pt; text-align: justify; line-height: 115%">Loan from Heineken UK Limited, payable in quarterly installments of $119,400, plus interest at UK prime plus 5% maturing on October 9, 2016, secured by licensing rights pursuant to a Sub-License Agreement.</td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; border-bottom: black 1.5pt solid; line-height: 115%">$</td> <td style="width: 16%; border-bottom: black 1.5pt solid; text-align: right; line-height: 115%">220,700</td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; border-bottom: black 1.5pt solid; line-height: 115%">$</td> <td style="width: 16%; border-bottom: black 1.5pt solid; text-align: right; line-height: 115%">491,500</td> <td style="width: 1%; line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-left: 5.4pt; line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-left: 5.4pt; text-align: justify; line-height: 115%">Less current maturities</td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%">220,700</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%">491,500</td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-left: 5.4pt; line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 2.25pt double; line-height: 115%">$</td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%">-</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 2.25pt double; line-height: 115%">$</td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%">-</td> <td style="line-height: 115%"> </td></tr> </table>

A summary of each segment is as follows:   Six months ended June 30, 2016   <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%">North American Territory</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%">Foreign Territory</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%">Total</td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom"> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td colspan="2" style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td colspan="2" style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td colspan="2" style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 49%; line-height: 115%"> Net Sales</td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%">$</td> <td style="width: 14%; text-align: right; line-height: 115%">5,545,300</td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%">$</td> <td style="width: 14%; text-align: right; line-height: 115%">8,908,500</td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%">$</td> <td style="width: 14%; text-align: right; line-height: 115%">14,453,800</td> <td style="width: 1%; line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%"> Operating Income (Loss)</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%">$</td> <td style="text-align: right; line-height: 115%">(773,700</td> <td style="line-height: 115%">)</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%">$</td> <td style="text-align: right; line-height: 115%">189,400</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%">$</td> <td style="text-align: right; line-height: 115%">(584,300</td> <td style="line-height: 115%">)</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%"> Identifiable Assets</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%">$</td> <td style="text-align: right; line-height: 115%">12,250,900</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%">$</td> <td style="text-align: right; line-height: 115%">3,348,300</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%">$</td> <td style="text-align: right; line-height: 115%">15,599,200</td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%"> Depreciation & Amortization</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%">$</td> <td style="text-align: right; line-height: 115%">339,300</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%">$</td> <td style="text-align: right; line-height: 115%">231,900</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%">$</td> <td style="text-align: right; line-height: 115%">571,200</td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%"> Capital Expenditures</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%">$</td> <td style="text-align: right; line-height: 115%">6,200</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%">$</td> <td style="text-align: right; line-height: 115%">91,500</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%">$</td> <td style="text-align: right; line-height: 115%">97,700</td> <td style="line-height: 115%"> </td></tr> </table>   Six months ended June 30, 2015   <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="text-align: center; line-height: 115%"> </td> <td style="text-align: center; line-height: 115%"> </td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%">North American Territory</td> <td style="text-align: center; line-height: 115%"> </td> <td style="text-align: center; line-height: 115%"> </td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%">Foreign Territory</td> <td style="text-align: center; line-height: 115%"> </td> <td style="text-align: center; line-height: 115%"> </td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%">Total</td> <td style="text-align: center; line-height: 115%"> </td></tr> <tr style="vertical-align: bottom"> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td colspan="2" style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td colspan="2" style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td colspan="2" style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 49%; line-height: 115%"> Net Sales</td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%">$</td> <td style="width: 14%; text-align: right; line-height: 115%">5,540,200</td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%">$</td> <td style="width: 14%; text-align: right; line-height: 115%">9,292,500</td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%">$</td> <td style="width: 14%; text-align: right; line-height: 115%">14,832,700</td> <td style="width: 1%; line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%"> Operating Income (loss)</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%">$</td> <td style="text-align: right; line-height: 115%">(586,800</td> <td style="line-height: 115%">)</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%">$</td> <td style="text-align: right; line-height: 115%">96,500</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%">$</td> <td style="text-align: right; line-height: 115%">(490,300</td> <td style="line-height: 115%">)</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%"> Identifiable Assets</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%">$</td> <td style="text-align: right; line-height: 115%">13,183,400</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%">$</td> <td style="text-align: right; line-height: 115%">4,106,600</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%">$</td> <td style="text-align: right; line-height: 115%">17,290,000</td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%"> Depreciation & Amortization</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%">$</td> <td style="text-align: right; line-height: 115%">336,700</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%">$</td> <td style="text-align: right; line-height: 115%">244,700</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%">$</td> <td style="text-align: right; line-height: 115%">581,400</td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%"> Capital Expenditures</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%">$</td> <td style="text-align: right; line-height: 115%">70,400</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%">$</td> <td style="text-align: right; line-height: 115%">269,300</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%">$</td> <td style="text-align: right; line-height: 115%">339,700</td> <td style="line-height: 115%"> </td></tr> </table>

Balance Sheets   <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="text-align: center; line-height: 115%"> </td> <td style="text-align: center; line-height: 115%"> </td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%">June 30, 2016</td> <td style="text-align: center; line-height: 115%"> </td> <td style="text-align: center; line-height: 115%"> </td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%">December 31, 2015</td> <td style="text-align: center; line-height: 115%"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: center; line-height: 115%"> </td> <td style="text-align: center; line-height: 115%"> </td> <td colspan="2" style="text-align: center; line-height: 115%">(unaudited)</td> <td style="text-align: center; line-height: 115%"> </td> <td style="text-align: center; line-height: 115%"> </td> <td colspan="2"> </td> <td style="text-align: center; line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%">Balance Sheets</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%">Assets</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="width: 62%; line-height: 115%">Cash and cash equivalents</td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%">$</td> <td style="width: 16%; text-align: right; line-height: 115%">102,100</td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%">$</td> <td style="width: 16%; text-align: right; line-height: 115%">61,300</td> <td style="width: 1%; line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%">Accounts receivable, net</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%">1,321,700</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%">1,121,300</td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%">Inventories</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%">1,307,900</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%">1,490,100</td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%">Other current assets</td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%">257,000</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%">199,800</td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%">Total current assets</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%">2,988,700</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%">2,872,500</td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%">Investment in subsidiary</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%">1,225,000</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%">1,225,000</td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%">Property and equipment</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%">9,067,900</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%">9,378,500</td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%">Intercompany receivable</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%">182,100</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%">284,000</td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%">Other assets</td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%">194,300</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%">175,800</td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%">Total assets</td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; line-height: 115%">$</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%">13,658,000</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; line-height: 115%">$</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%">13,935,800</td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%">Liabilities</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%">Line of credit</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%">$</td> <td style="text-align: right; line-height: 115%">680,400</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%">$</td> <td style="text-align: right; line-height: 115%">453,100</td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%">Accounts payable</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%">2,575,000</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%">2,640,400</td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%">Accrued liabilities</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%">1,302,800</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%">1,021,000</td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%">Note payable to related party</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%">2,575,200</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%">2,119,600</td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%">Subordinated convertible notes to related party</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%">3,727,900</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%">3,680,100</td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%">Current maturities of debt, leases and severance</td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%">3,246,200</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%">3,505,900</td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%">Total current liabilities</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%">14,107,500</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%">13,420,100</td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%">Long-term capital leases</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%">11,100</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%">14,000</td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%">Severance payable</td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%">721,200</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%">678,400</td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%">Total liabilities</td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%">14,839,800</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%">14,112,500</td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%">Stockholders deficit</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%">Common stock</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%">15,100,300</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%">15,100,300</td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%">Preferred stock</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%">227,600</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%">227,600</td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%">Accumulated deficit</td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%">(16,509,700</td> <td style="line-height: 115%">)</td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%">(15,504,600</td> <td style="line-height: 115%">)</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%">Total stockholders deficit</td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%">(1,181,800</td> <td style="line-height: 115%">)</td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%">(176,700</td> <td style="line-height: 115%">)</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%">Total liabilities and stockholders deficit</td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; line-height: 115%">$</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%">13,658,000</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; line-height: 115%">$</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%">13,935,800</td> <td style="line-height: 115%"> </td></tr> </table>

Statements of Cash Flows   <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="padding-bottom: 1.5pt"> </td> <td style="text-align: center; line-height: 115%"> </td> <td colspan="6" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%">Six months ended June 30</td> <td style="text-align: center; line-height: 115%"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: center; line-height: 115%"> </td> <td style="text-align: center; line-height: 115%"> </td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%">2016</td> <td style="text-align: center; line-height: 115%"> </td> <td style="text-align: center; line-height: 115%"> </td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%">2015</td> <td style="text-align: center; line-height: 115%"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: center; line-height: 115%"> </td> <td style="text-align: center; line-height: 115%"> </td> <td colspan="2" style="text-align: center; line-height: 115%">(unaudited)</td> <td style="text-align: center; line-height: 115%"> </td> <td style="text-align: center; line-height: 115%"> </td> <td colspan="2" style="text-align: center; line-height: 115%">(unaudited)</td> <td style="text-align: center; line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 62%; line-height: 115%"> Cash flows from operating activities</td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%">$</td> <td style="width: 16%; text-align: right; line-height: 115%">(412,000</td> <td style="width: 1%; line-height: 115%">)</td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%">$</td> <td style="width: 16%; text-align: right; line-height: 115%">113,900</td> <td style="width: 1%; line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%"> Purchase of property and equipment</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%">(6,200</td> <td style="line-height: 115%">)</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%">(70,400</td> <td style="line-height: 115%">)</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%"> Net borrowing (repayment) on line of credit</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%">227,300</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%">(378,900</td> <td style="line-height: 115%">)</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%"> Borrowing on note payable</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%">400,000</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%">500,000</td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%"> Repayment on long term debt</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%">(267,300</td> <td style="line-height: 115%">)</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%">(267,400</td> <td style="line-height: 115%">)</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%"> Payment on obligation under capital lease</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%">(2,900</td> <td style="line-height: 115%">)</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%">(2,700</td> <td style="line-height: 115%">)</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%"> Net change in payable to UBIUK</td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%">101,900</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%">163,900</td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%"> Decrease in cash</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%">40,800</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%">58,400</td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%"> Cash, beginning of period</td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%">61,300</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%">61,500</td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%"> Cash, end of period</td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 2.25pt double; line-height: 115%">$</td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%">102,100</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 2.25pt double; line-height: 115%">$</td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%">119,900</td> <td style="line-height: 115%"> </td></tr> </table>

12611133

4119000 1000000 2947000 1.10 0.80 0.0010 0.021 0.021

0.015

13100

26300

19800

0000919134

0.25

1324200

2016

500000

325000

500000

75000

0.10

3262900 1934000

5380500

6272000

721200

759900

3211600

3835500

194300

175800

10024400

10588200

15599200

17036000

17265600

17873700

127300 119700

21500

23100

3111300

3378600

3727900

3680100

2575200 2119600

2040100

1908700

4033500

4489000

1408100

1663400

783900

757600

721200 678400

62700

79200

18049500

18631300

-2450300

-1595300

-18258600

-17395600

480400

472400

15100300

227600

15599200

17036000

4404400

4585000

2482300

2489400

10049400

10247700

5170600

5649200

14453800

14832700

7652900

8138600

237700

239400

127600

126200

14691500

15072100

7780500

8264800

4988700

5075300

2568900

2460800

2492900

2215300

1275900

1003700

2495800

2860000

1293000

1457100

-277100

-265500

-137700

-114300

288900

309100

145800

154800

11800

43600

8100

40500

-855000

-762500

-222600

-115700

8000

-2900

3300

-30000

-863000

-759600

-225900

-85700

1600

3800

1600

-861400

-755800

-224300

-85700

-0.07

-0.06

-0.02

-0.01

-0.07

-0.06

-0.02

-0.01

-1800

-2000

571200

581400

328500

427300

217200

81700

-283600

-797500

-13800

37700

15200

109900

-197100

-435700

-339000

-957000

50400

-103400

-78200

-97700

-339700

97700

339700

-277800

-112100

10400

2700

506100

521400

400000

500000

-161300

-88000

19800

900

-27200

-23600

185500

230900

1600

3800

98500 June 23, 2016 to July 23, 2016 July 23, 2016 to September 21, 2016 0.06 0.06 0.85 0.85 0.03 0.03 1300 1000 1300 1000

19800

19400

98400

14200

84200

2872500 2988700

199800

257000

1490100 1307900 1121300 1321700

61300

102100

13935800 13658000

175800

194300

284000 182100 9378500 9067900

1225000

13420100 14107500

3505900

3246200

3680100 3727900 2119600 2575200

1021000

1302800

2640400 2575000 453100 680400 14112500 14839800 678400 721200

14000

11100

13935800 13658000 -176700 -1181800 -15504600 -16509700 227600 227600 15100300 15100300 -777300 -590100 -293500 -7700 -1180300 -860700 -620800 -380600 -581400 -675700 -289900 -322300 -4560900 -4593900 -2335800 -2471300

5545300

5540200

2953000

3166500

-1005100 -797800 -407300 -91700 -1600 -3800 -1600 -238000 -247500 -120300 -124500

11800

43600

8100

40500

40800 58400 101900 163900 2900 2700 267300 267400

400000

500000

227300 -378900

-6200

-70400

-412000 113900

1. Description of Operations and Summary of Significant Accounting Policies   Description of Operations   Mendocino Brewing Company, Inc. (the Company or MBC) was formed in 1983 in California, and has two operating subsidiaries: Releta Brewing Company, LLC (Releta), and United Breweries International (UK) Limited (UBIUK). In the United States (the US), MBC and Releta operate two breweries that produce beer and malt beverages for the specialty craft segment of the beer market. The breweries are located in Ukiah, California and Saratoga Springs, New York. The majority of sales for MBC in the US are in California. The Company brews several brands, of which Red Tail Ale is the flagship brand. In addition, the Company performs contract brewing for several other brands. Generally, product shipments are made directly from the breweries to wholesalers or distributors in accordance with state and local laws.   MBCs United Kingdom (the UK) subsidiary, UBIUK, is a holding company for Kingfisher Beer Europe Limited (KBEL). KBEL is a distributor of alcoholic beverages, mainly Kingfisher Lager Beer, in the UK and Europe. The offices of KBEL are located in Maidstone, Kent in the UK. In addition, during the period covered by this quarterly report (the Quarterly Report), through UBIUK, the Company had production and distribution rights to Kingfisher Premium Lager in Canada and the United States. The Company has the right to use the Kingfisher mark and the name Kingfisher Brewing Company in connection with the brewing and distribution of assorted beers in the United States pursuant to an agreement with Kingfisher America, Inc. Generally, sales are made through distributors.   All of the Companys beers sold in Europe (except for beers sold in Germany) are procured under a contract with Heineken UK Limited (HUK). This contract expires in October 2018. KBEL is the distributor of Kingfisher Premium Lager to specialty restaurant trade distributors, liquor and convenience stores in the United Kingdom, Ireland, and continental Europe, but does not physically distribute the Companys products to customers. KBEL relies on HUK for distribution of the product in Europe in exchange for a fee paid to HUK, except for in Germany where beers are manufactured and distributed pursuant to a separate contract with a different entity. In addition, HUK has the exclusive right to sell Kingfisher Premium Lager, for a royalty fee payable to KBEL, to certain large retail customers, including, but not limited to, Sainsburys, Asda, and Tesco.   Subsequent Events   The Company evaluates events that occur subsequent to the balance sheet date of periodic reports, but before financial statements are issued for periods ending on such balance sheet dates, for possible adjustment to such financial statements or other disclosure. This evaluation generally occurs through the date on which the Companys financial statements are electronically prepared for filing with the Securities and Exchange Commission (SEC).   Principles of Consolidation   The consolidated financial statements present the accounts of MBC and its wholly-owned subsidiaries, Releta and UBIUK. All material intracompany and inter-company balances, profits and transactions have been eliminated.   Basis of Presentation and Organization   The accompanying unaudited condensed consolidated financial statements for the six months ended June 30, 2016 and 2015 have been prepared in accordance with accounting principles generally accepted in the US. These condensed consolidated financial statements should be read in conjunction with the audited consolidated financial statements included in the Companys most recent Annual Report on Form 10-K, as filed with the SEC, which contains additional financial and operating information and information concerning significant accounting policies followed by the Company. The financial statements and notes are representations of the Companys management (Management) and its board of directors (the Board of Directors), who are responsible for their integrity and objectivity.   The Companys consolidated financial statements for fiscal year 2015 were prepared on a going concern basis. The continuation of the Company as a going concern is dependent upon continued financial support from Catamaran Services, Inc. (Catamaran) and/or United Breweries Holdings, Ltd., an Indian public limited company (UBHL), its ability to obtain other debt or equity financing, and generating profitable operations from the Companys future operations. However, management cannot provide any assurances that the Company will be successful in accomplishing any of its plans. These factors raise substantial doubt regarding the Companys ability to continue as a going concern.   Operating results from the six months ended June 30, 2016 are not necessarily indicative of the results that may be expected for the year ending December 31, 2016 or any future period.   Reclassifications   Certain items in the financial statements for the prior year have been reclassified to conform to the current year presentation. These reclassifications had no effect on net income or equity.   SIGNIFICANT ACCOUNTING POLICIES   There have been no significant changes in the Companys significant accounting policies during the six months ended June 30, 2016 compared to what was previously disclosed in the Companys Annual Report on Form 10-K for the year ended December 31, 2015.   Cash and Cash Equivalents, Short and Long-Term Investments   For purposes of cash flows, the Company considers all highly liquid investments purchased with a maturity of three months or less to be cash equivalents.   Revenue Recognition   The Company recognizes revenue from the brewing and distribution operations in accordance with Accounting Standards Codification 605 of the Financial Accounting Standards Board. The Company recognizes revenue from product sales, net of discounts.   The Company recognizes revenue only when all of the following criteria have been met:   <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr> <td style="width: 48px; text-align: justify; line-height: 115%"> </td> <td style="vertical-align: top; width: 24px; line-height: 115%">● </td> <td style="text-align: justify; line-height: 115%">Persuasive evidence of an arrangement exists;</td></tr> <tr> <td style="text-align: justify; line-height: 115%"> </td> <td style="vertical-align: top; line-height: 115%"> </td> <td style="text-align: justify; line-height: 115%"> </td></tr> <tr> <td style="text-align: justify; line-height: 115%"> </td> <td style="vertical-align: top; line-height: 115%">● </td> <td style="text-align: justify; line-height: 115%">Delivery has occurred or services have been rendered;</td></tr> <tr> <td style="text-align: justify; line-height: 115%"> </td> <td style="vertical-align: top; line-height: 115%"> </td> <td style="text-align: justify; line-height: 115%"> </td></tr> <tr> <td style="text-align: justify; line-height: 115%"> </td> <td style="vertical-align: top; line-height: 115%">● </td> <td style="text-align: justify; line-height: 115%">The fee for the arrangement is fixed or determinable; and</td></tr> <tr> <td style="text-align: justify; line-height: 115%"> </td> <td style="vertical-align: top; line-height: 115%"> </td> <td style="text-align: justify; line-height: 115%"> </td></tr> <tr> <td style="text-align: justify; line-height: 115%"> </td> <td style="vertical-align: top; line-height: 115%">● </td> <td style="text-align: justify; line-height: 115%">Collectability is reasonably assured.</td></tr> </table>   Persuasive Evidence of an Arrangement The Company documents all terms of an arrangement in a written contract or purchase order signed by the customer prior to recognizing revenue.   Delivery Has Occurred or Services Have Been Performed The Company delivers the products prior to recognizing revenue or performs services as per contractual terms. Product is considered delivered upon delivery to a customers designated location and services are considered performed upon completion of the Companys contractual obligations.   The Fee for the Arrangement is Fixed or Determinable Prior to recognizing revenue, an amount is either fixed or determinable under the terms of the written contract. The price is negotiated at the outset of the arrangement and is not subject to refund or adjustment during the initial term of the arrangement.   Collectability is Reasonably Assured The Company determines that collectability is reasonably assured prior to recognizing revenue. Collectability is assessed on a customer-by-customer basis based on criteria outlined by Management. The Company does not enter into arrangements unless collectability is reasonably assured at the outset. Existing customers are subject to ongoing credit evaluations based on payment history and other factors. If it is determined during the arrangement that collectability is not reasonably assured, revenue is recognized on a cash basis.   The Company records certain consideration paid to customers for services or placement fees as a reduction in revenue rather than as an expense. The Company reports these items on the income statement as a reduction in revenue and as a corresponding reduction in marketing and selling expenses.   Revenues from the Companys brewpub and gift store are recognized when sales have been completed.   Allowance for Doubtful Accounts   The Company maintains allowances for doubtful accounts for estimated losses resulting from the inability of its customers to make required payments. Management considers the following factors when determining the collectability of specific customer accounts: customer credit-worthiness, past transaction history with the customer, current economic and industry trends and changes in customer payment terms. Balances over 90 days past due and other higher risk amounts are reviewed individually for collectability. If the financial condition of the Companys customers were to deteriorate, adversely affecting their ability to make payments, additional allowances would be required. Based on Managements assessment, the Company provides for estimated uncollectible amounts through a charge to earnings and a credit to a valuation allowance. Balances that remain outstanding after the Company has used reasonable collection efforts are written off through a charge to the valuation allowance and a credit to accounts receivable.   Inventories   Inventories are stated at the lower of average cost, which approximates the first-in, first-out method, or market (current replacement cost). The Company regularly reviews its inventories for the presence of obsolete product attributed to age, seasonality and quality. Inventories that are considered obsolete are written off or adjusted to carrying value.   Deferred Financing Costs   Costs relating to obtaining financing are capitalized and amortized over the term of the related debt. When a loan is paid in full, any unamortized financing costs are removed from the related accounts and charged to operations. Deferred financing costs related to a borrowing made in June 2011 were $225,000, which was fully amortized as of June 30, 2016. Amortization of deferred financing costs charged to operations was $22,500 for the six months ended June 30, 2016 and 2015.   Concentration of Credit Risks   Financial instruments that potentially subject the Company to significant concentration of credit risk consist primarily of cash and cash equivalents, and accounts receivable. Substantially all of the Companys cash and cash equivalents are deposited with commercial banks in the US and the UK that have minimal credit risk. Accounts receivable are generally unsecured and customers are subject to an initial credit review and ongoing monitoring. Wholesale distributors account for substantially all accounts receivable; therefore, this risk concentration is limited due to the number of distributors and the laws regulating the financial affairs of distributors of alcoholic beverages. The Company has approximately $300 in cash deposits and $1,889,900 of accounts receivable due from customers located in the UK as of June 30, 2016.   Income Taxes   The Company accounts for income taxes in accordance with ASC 750 which requires an asset and liability approach for financial accounting and reporting for income taxes and allows recognition and measurement of deferred tax assets based upon the likelihood of realization of tax benefits in future years. Under the asset and liability approach, deferred taxes are provided for the net tax effects of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for income tax purposes. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. Deferred tax assets are recognized for deductible temporary differences and operating loss and tax credit carryforwards. The Company periodically assesses uncertain tax positions that the Company has taken or expects to take on a tax return, including a decision whether to file or not to file a return in a particular jurisdiction. The Company evaluated its tax positions and determined that there were no uncertain tax benefits as of June 30, 2016 and December 31, 2015.   Basic and Diluted Earnings (Loss) per Share   The basic earnings (loss) per share is computed by dividing the earnings (loss) attributable to common stockholders by the weighted average number of common shares outstanding during the period. Basic net earnings (loss) per share exclude the dilutive effect of stock options or warrants and convertible notes. If the Companys operations result in net loss for any period, diluted net loss per share would be the same as basic net loss per share, since the effect of any potentially dilutive securities would be anti-dilutive. Therefore, the conversion of the related party convertible notes (see Subordinated Convertible Notes Payable to Related Party below) has been excluded from the Companys calculation of net loss per share. The computations of basic and dilutive net loss per share are as follows:   <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="text-align: center; line-height: 115%"> </td> <td style="text-align: center; line-height: 115%"> </td> <td colspan="6" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%">Three months ended</td> <td style="text-align: center; line-height: 115%"> </td> <td style="text-align: center; line-height: 115%"> </td> <td colspan="6" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%">Six months ended</td> <td style="text-align: center; line-height: 115%"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: center; line-height: 115%"> </td> <td style="text-align: center; line-height: 115%"> </td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%">6/30/2016</td> <td style="text-align: center; line-height: 115%"> </td> <td style="text-align: center; line-height: 115%"> </td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%">6/30/2015</td> <td style="text-align: center; line-height: 115%"> </td> <td style="text-align: center; line-height: 115%"> </td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%">6/30/2016</td> <td style="text-align: center; line-height: 115%"> </td> <td style="text-align: center; line-height: 115%"> </td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%">6/30/2015</td> <td style="text-align: center; line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 48%; text-align: justify; line-height: 115%">Net loss</td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%">$</td> <td style="width: 10%; text-align: right; line-height: 115%">(225,900</td> <td style="width: 1%; line-height: 115%">)</td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 10%; text-align: right; line-height: 115%">(85,700</td> <td style="width: 1%; line-height: 115%">)</td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%">$</td> <td style="width: 10%; text-align: right; line-height: 115%">(863,000</td> <td style="width: 1%; line-height: 115%">)</td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 10%; text-align: right; line-height: 115%">(759,600</td> <td style="width: 1%; line-height: 115%">)</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="text-align: justify; line-height: 115%">Weighted average common shares outstanding</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%">12,611,133</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%">12,611,133</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%">12,611,133</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%">12,611,133</td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="text-align: justify; line-height: 115%">Basic net loss per share</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%">$</td> <td style="text-align: right; line-height: 115%">(0.02</td> <td style="line-height: 115%">)</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%">(0.01</td> <td style="line-height: 115%">)</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%">$</td> <td style="text-align: right; line-height: 115%">(0.07</td> <td style="line-height: 115%">)</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%">(0.06</td> <td style="line-height: 115%">)</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="text-align: justify; line-height: 115%">Interest expense on convertible notes</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%">$</td> <td style="text-align: right; line-height: 115%">-</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%">-</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%">$</td> <td style="text-align: right; line-height: 115%">-</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%">-</td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="text-align: justify; line-height: 115%">Loss for computing diluted net income per share</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%">$</td> <td style="text-align: right; line-height: 115%">(225,900</td> <td style="line-height: 115%">)</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%">(85,700</td> <td style="line-height: 115%">)</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%">$</td> <td style="text-align: right; line-height: 115%">(863,000</td> <td style="line-height: 115%">)</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%">(759,600</td> <td style="line-height: 115%">)</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="text-align: justify; line-height: 115%">Incremental shares from assumed exercise of dilutive securities</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%">-</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%">-</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%">-</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%">-</td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="text-align: justify; line-height: 115%">Dilutive potential common shares</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%">12,611,133</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%">12,611,133</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%">12,611,133</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%">12,611,133</td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="text-align: justify; line-height: 115%">Diluted net loss per share</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%">$</td> <td style="text-align: right; line-height: 115%">(0.02</td> <td style="line-height: 115%">)</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%">(0.01</td> <td style="line-height: 115%">)</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%">$</td> <td style="text-align: right; line-height: 115%">(0.07</td> <td style="line-height: 115%">)</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%">(0.06</td> <td style="line-height: 115%">)</td></tr> </table>   Foreign Currency Translation   The Company has subsidiaries located in the UK, where the local currency, the UK Pound Sterling, is the functional currency. Financial statements of these subsidiaries are translated into US dollars using period-end exchange rates for assets and liabilities and average exchange rates during the period for revenues and expenses. Cumulative translation adjustments associated with net assets or liabilities are reported in non-owner changes in equity. Any exchange rate gains or losses related to foreign currency transactions are recognized in the income statement as incurred, in the same financial statement caption as the underlying transaction, and are not material for any year shown. Cash flows were translated at the average exchange rates for the six months then ended. Changes in cash resulting from the translations are presented as a separate item in the statements of cash flows.   Comprehensive Income (Loss)   Comprehensive income (loss) is composed of the Companys net loss and changes in equity from non-stockholder sources. The accumulated balances of these non-stockholder sources are reflected as a separate item in the equity section of the balance sheet.   Use of Estimates   The preparation of financial statements in conformity with accounting principles generally accepted in the US includes having the Company make estimates and assumptions affecting the reported amounts of assets, liabilities, revenues and expenses, and disclosure of contingent assets and liabilities. The amounts estimated could differ from actual results. Significant estimates include the allowance for bad debts, depreciation periods, and contingencies.   Reportable Segments   The Company manages its operations through two business segments: (i) brewing operations and tasting room operations in the US and distributor operations in Canada (the North American Territory) and (ii) distributor operations in Europe, including the UK (the Foreign Territory). The Company evaluates performance based on net operating profit. Where applicable, portions of the administrative function expenses are allocated between the operating segments. The operating segments do not share manufacturing or distribution facilities. In the event any materials and/or services are provided to one operating segment by the other, the transaction is valued according to the Companys transfer policy, which approximates market price. The costs of operating the manufacturing plants are captured discretely within each segment. The Companys property, plant and equipment, inventory, and accounts receivable are captured and reported discretely within each operating segment.   Recent Accounting Pronouncements   In March 2016, the FASB issued ASU 2016-08, Revenue from Contracts with Customers (Topic 606): Principal versus Agent Considerations (Reporting Revenue Gross versus Net) that clarifies how to apply revenue recognition guidance related to whether an entity is a principal or an agent. ASU 2016-08 clarifies that the analysis must focus on whether the entity has control of the goods or services before they are transferred to the customer and provides additional guidance about how to apply the control principle when services are provided and when goods or services are combined with other goods or services. The effective date for ASU 2016-08 is the same as the effective date of ASU 2014-09 as amended by ASU 2015-14, for annual reporting periods beginning after December 15, 2017, including interim periods within those years. The Company has not yet determined the impact of ASU 2016-08 on its consolidated financial statements.   ASU 2016-12, Revenue from Contracts with Customers (Topic 606): Narrow-Scope Improvements and Practical Expedients was issued in June 2016 and clarifies the objective of the collectability criterion, presentation of taxes collected from customers, non-cash consideration, contract modifications at transition, completed contracts at transition and how guidance in Topic 606 is retrospectively applied. The amendments do not change the core principle of the guidance in Topic 606. The effective dates are the same as those for Topic 606.

2. Liquidity and Management Plans   MB Financial Credit and Security Agreement   On June 23, 2011, MBC and Releta entered into a Credit and Security Agreement (as amended, the Credit and Security Agreement) with Cole Taylor Bank, an Illinois banking corporation (Cole Taylor). Cole Taylor merged into MB Financial Bank, an Illinois banking corporation (MB Financial) on August 18, 2014. As used in this Report, Lender shall refer to Cole Taylor prior to August 18, 2014 and to MB Financial, as successor in interest to Cole Taylor, on or after August 18, 2014. The Credit and Security Agreement provided a credit facility with a maturity date of June 23, 2016 of up to $10,000,000 consisting of a $4,119,000 revolving facility (the Revolver), a $1,934,000 machinery and equipment term loan, a $2,947,000 real estate term loan and a $1,000,000 capital expenditure line of credit. The applicable interest rates were as follows: (a) with respect to the Revolver, the Wall Street Journal prime rate plus a margin of 1.00%, (b) with respect to the machinery and equipment term loan and the capital expenditure term loan, the Wall Street Journal prime rate plus a margin of 1.50%, and (c) with respect to the real estate term loan, the Wall Street Journal prime rate plus a margin of 2.00%. As described below, effective September 1, 2013, Lender was charging a default interest rate equal to two percent (2%) per annum in excess of the interest rate otherwise payable under the Credit and Security Agreement. As described below, effective July 22, 2016 Lender increased the interest rate under the Credit and Security Agreement to the Wall Street Journal prime rate plus 6% (including default interest) on all loans. As described below, the Second Amendment (among other things) reduces the advance rate for (i) eligible finished goods and raw material inventory and (ii) eligible work-in progress inventory by 2% each month. The advance rates are used in the calculation of the borrowing base of each of MBC and Releta, which is used in the determination of the amount available to each of MBC and Releta pursuant to the Revolver. Under the terms of the Credit and Security Agreement, if such availability is less than $0, or if certain components of the borrowing base of each of MBC and Releta fall below certain limits in relation to outstanding revolving loans, such difference shall be immediately due and payable. The Credit and Security Agreement binds the Company to certain financial covenants including maintaining prescribed minimum tangible net worth and prescribed minimum fixed charges coverage. There is a prepayment penalty if we prepay all of our obligations prior to the maturity date. The credit facility is secured by a first priority security interest in all of MBCs and Reletas personal property and a first priority mortgage on our Ukiah, California real property, among other MBC and Releta assets.   The Credit and Security Agreement requires MBC and Releta to maintain certain minimum fixed charge coverage ratios for trailing twelve month periods and minimum tangible net worth. The minimum tangible net worth MBC and Releta are required to maintain is subject to increase based on the net income of MBC and Releta. On March 29, 2013, MBC, Releta, and Lender entered into a First Amendment to the Credit and Security Agreement to clarify the method by which the fixed charge coverage ratio is calculated, with retrospective application.   The required fixed charge coverage ratio for the trailing twelve month periods ended March 31, 2013 onwards fell short of the required ratio. The tangible net worth fell short of the required amount for the period beginning June 1, 2013 onwards.   On September 18, 2013, MBC and Releta received a notice (the Default Notice) from Lender regarding its intention to exercise certain rights with respect to events of default of the Company pursuant to the Credit and Security Agreement and, effective September 1, 2013, began charging a default interest rate equal to 2% per annum in excess of the interest rate otherwise payable under the Credit and Security Agreement.   On April 18, 2014, MBC and Releta received a second notice (the Second Default Notice) from Lender regarding its intention to exercise certain rights with respect to events of default of the Company pursuant to the Credit and Security Agreement. The Second Default Notice required MBC and Releta to engage a consultant to perform a viability analysis and prepare a revised projection for 2014, to be delivered to Lender on or before April 30, 2014. MBC and Releta engaged a consultant and delivered a revised projection on April 30, 2014. As stated in the Second Default Notice, the Company continued to be in default on the fixed charge coverage ratio for each measurement period beginning March 31, 2013 through February 28, 2014. The required fixed charge coverage ratio was initially required to be at least 1.05 to 1.00, but as of July 31, 2013, the required fixed charge coverage ratio increased to 1.10 to 1.00 pursuant to the terms of the Credit and Security Agreement. The Second Default Notice also stated that the tangible net worth of MBC and Releta continued to fall short of the required amount as measured through February 28, 2014.   Effective August 20, 2014, pursuant to a notice to MBC and Releta dated August 18, 2014 (the Third Default Notice) which referred to MBCs and Reletas continued failure to meet the required fixed charge coverage ratio and the tangible net worth requirement, Lender notified MBC and Releta that it would reduce the advance rate for (i) eligible finished goods and raw material inventory and (ii) eligible work-in progress inventory by 2% each month. The advance rates are used in the calculation of the borrowing base of each of MBC and Releta, which is used in the determination of the amount available to each of MBC and Releta pursuant to the Revolver. Under the terms of the Credit and Security Agreement, if such availability is less than $0, or if certain components of the borrowing base of each of MBC and Releta fall below certain limits in relation to outstanding revolving loans, such difference shall be immediately due and payable.   On January 21, 2015, MBC, Releta, and Lender entered into a Second Amendment (the Second Amendment) to the Credit and Security Agreement. The Second Amendment reduced the maximum amount of the Revolver from $4,119,000 to $2,500,000. The Second Amendment also changed the definition of borrowing base (including by lowering certain advance rates) such that the calculation of the borrowing base will result in a lower number than it would have if calculated prior to the effectiveness of the Second Amendment. The borrowing base is used in the determination of the amount available to each borrower pursuant to the Revolver. Pursuant to the Credit and Security Agreement, as stated above, if such availability is less than $0, or if certain components of the borrowing base fall below certain limits in relation to outstanding revolving loans, such difference shall be immediately due and payable.   The Second Amendment also reduced the advance rate for (i) eligible finished goods and raw material inventory and (ii) eligible work-in progress inventory by two percent (2%) and continues to reduce each by an additional two percent (2%) on the 20th day of each month thereafter. The advance rates are used in the calculation of the borrowing base of each borrower, which is used in the determination of the amount available to each borrower pursuant to the Revolver. As stated above, if such availability is less than $0, or if certain components of the borrowing base fall below certain limits in relation to outstanding revolving loans, such difference shall be immediately due and payable.   Effective June 20, 2016, MBC, Releta, and Lender entered into a Third Amendment (the Third Amendment) to the Credit and Security Agreement. The Third Amendment extended the maturity date of the Credit Agreement from June 23, 2016 to July 23, 2016. The Third Amendment also reduced the Revolver from $2,500,000 to $1,250,000.   As of June 30, 2016, pursuant to the Credit and Security Agreement, the fixed charge coverage ratio was required to be 1.15 to 1. The Company calculated that the fixed charge coverage ratio as of June 30, 2016 was -0.65 to 1. The Company calculated that the required tangible net worth of MBC and Releta was $6,181,400 as of June 30, 2016 and the actual tangible net worth on such date was $3,262,900. The Company does not anticipate that it will regain compliance with the required fixed charge coverage ratio or the minimum tangible net worth, as required by the Credit and Security Agreement.   Effective July 22, 2016, MBC, Releta, and Lender entered into a Fourth Amendment (the Fourth Amendment) to the Credit and Security Agreement dated June 23, 2011, as previously amended on March 29, 2013, January 21, 2015, and June 20, 2016. The Fourth Amendment extended the maturity date of the Credit Agreement from July 23, 2016 to September 21, 2016 and increased the interest rate under the Credit and Security Agreement to the Wall Street Journal prime rate plus 6% (including default interest). The Fourth Amendment also confirms the continuance of certain events of default under the Credit and Security Agreement.   The Credit and Security Agreement provides that the failure of MBC and Releta to observe any covenant will constitute an event of default under the Credit and Security Agreement. Lender has not waived the events of default described in the Default Notice, the Second Default Notice or the Third Default Notice and has reserved the right to all other available rights and remedies under the Credit and Security Agreement, certain other related documents and applicable law. An event of default shall be deemed continuing until waived in writing by Lender. Under the Credit and Security Agreement, upon the occurrence of an event of default, all of MBCs and Reletas obligations under the Credit and Security Agreement may, at Lenders option, be declared, and immediately shall become, due and payable, without notice of any kind. Lender could declare the full amount owed under the Credit and Security Agreement due and payable at any time for any reason or no reason. Since executing the Fourth Amendment, the Company has not received any notice or other communication from Lender that it intends to exercise any other remedies available to it under the Credit and Security Agreement in connection with the events of default. As noted above, effective July 22, 2016 Lender increased the interest rate under the Credit and Security Agreement to the Wall Street Journal prime rate plus 6% (including default interest). The Company estimates this increase in interest rate will result in the payment by the Company to Lender of additional interest of approximately $9,000 per month. The exercise of additional remedies by Lender may have a material adverse effect on the Companys financial condition and the Companys ability to continue to operate. The Credit and Security Agreement expires on September 21, 2016. There is no guarantee that MBC and Releta will be able to obtain alternate financing on terms favorable to the Company or on any terms. If the Company is unable to obtain alternate financing, it will have a material adverse effect on the Companys financial condition and the Companys ability to continue to operate.   RBS Facility   On April 26, 2005, Royal Bank of Scotland Commercial Services Limited (RBS) provided an approximately $2.8 million (£1,750,000) invoice discounting facility to KBEL, based on 80% prepayment against qualified accounts receivable related to KBELs UK customers. The initial term of the facility was one year, after which time the facility could be terminated by either party upon six months notice. The facility carried an interest rate of 1.38% above the RBS base rate and a service charge of 0.10% of each invoice discounted. The amount outstanding on this line of credit as of June 30, 2016 was approximately $727,700. Included in the Companys balance sheet at June 30, 2016 are account balances totaling $1,889,900 of accounts receivable collateralized to RBS under this facility.   On July 20, 2016, KBEL used the proceeds from the Invoice Discounting Facility provided by Santander UK plc (Santander), as described below, to repay the entire amount owed on the RBS invoice discounting facility.   Santander Facility   On July 20, 2016, KBEL entered into a Sales Finance Agreement with Santander (the Invoice Discounting Facility) pursuant to which Santander provided KBEL with an approximately $2,306,000 (£1,750,000) maximum revolving line of credit (the Review Limit) with advances permitted up to 85% of KBELs qualified accounts receivable. This facility has a minimum maturity of twelve months, but will be automatically extended unless terminated by either party upon three months written notice. If the Invoice Discounting Facility terminates on or before the first anniversary, KBEL must pay as breakage costs 3% of the Review Limit. The Invoice Discounting Facility carries an interest rate of 2.1% above the Santander base rate and a fixed service charge of approximately $1,300 (£1,000) per month. The Invoice Discounting Facility binds KBEL to certain financial covenants relating to accounts receivable including turnover ratios, maximum dilution, and ageing, while also requiring KBEL to maintain a minimum level of net tangible assets. KBEL used the proceeds from the Invoice Discounting Facility to repay the entire amount owed on the RBS invoice discounting facility.   UBHL   In response to the losses incurred in connection with the Companys operations, UBHL issued a letter of comfort to the Companys accountants on March 5, 2015 (the Letter of Comfort) to confirm that UBHL had agreed to provide funding on an as needed basis to ensure that the Company is able to meet its financial obligations as and when they fall due. The Letter of Comfort does not specify either the terms of UBHLs support, or a maximum dollar limit and is not a legally binding agreement or guarantee. UBHLs financial support is contingent upon compliance with any applicable exchange control requirements, other applicable laws, and regulations relating to the transfer of funds from India. The Letter of Comfort does not specify any time limit for extending support. If it becomes necessary to seek UBHLs financial assistance under the Letter of Comfort or otherwise and UBHL does not provide such financial assistance to MBC, it may result in a material adverse effect on the Companys financial position and on its ability to continue to operate. UBHL controls the Companys two largest shareholders, United Breweries of America, Inc. (UBA) and Inversiones Mirabel, S.A., a Panamanian corporation (Inversiones), and as such, is the Companys indirect majority shareholder. The Companys Chairman of the Board, Dr. Vijay Mallya, is also the Chairman of the board of directors of UBHL.   On February 3, 2016, the board of directors of UBHL approved debt financing to the Company in the form of a $1,000,000 bridge loan. The Company has not received any proceeds against this UBHL $1,000,000 bridge loan. If UBHL does not consummate this financing, it would have a material adverse effect on the Companys financial condition and the Companys ability to continue to operate.   Catamaran Notes   On January 22, 2014, Catamaran, a related party, provided a loan to MBC in the principal amount of $500,000 evidenced by a promissory note. On April 24, 2014, Catamaran provided a second loan in the principal amount of $500,000 on terms similar to the previous note. On February 5, 2015, Catamaran provided a third loan in the principal amount of $500,000 on terms similar to the previous notes. On June 30, 2015, Catamaran provided a fourth loan in the principal amount of $500,000 on terms similar to the previous notes, and the Company received the proceeds against this note on July 6, 2015. Each time Catamaran provided a loan, the Company received a letter from Lender permitting the Company to obtain such loans subject to certain conditions, including that no portion of such loans would be payable until either (a) certain obligations of the Company to Lender pursuant to the Credit and Security Agreement were satisfied in full, or (b) such payment was a Permitted Payment. A Permitted Payment with respect to the notes dated January 22, 2014, April 24, 2014, and February 5, 2015 means a payment made from an equity investment by the Companys majority shareholder in excess of $500,000. A Permitted Payment with respect to the note dated June 30, 2015 means a payment made from an equity investment by the Companys majority shareholder. On March 14, 2016, Catamaran provided a fifth loan in the principal amount of $325,000 on terms substantially similar to the previous notes, except that the definition of Permitted Payment was revised to mean, for purposes of this fifth note, a payment made from a bridge loan by the Companys majority shareholder in excess of $600,000. On March 30, 2016, Catamaran provided a sixth loan in the principal amount of $75,000 on terms substantially similar to the fifth note. All Catamaran notes are payable within six months following the date of the notes, and if the Company is not able to satisfy its obligations on these notes within the six month period following the date of the notes, the notes shall be automatically extended for additional six month terms until they are paid. If Catamaran ceases to provide ongoing financial support to the Company, and the Company is unable to obtain alternate financing, it would have a material adverse effect on the Companys financial condition and the Companys ability to continue to operate.   Interest shall accrue from the date of the applicable Catamaran note on the unpaid principal at a rate equal to the lesser of (i) one and one-half percent (1.5%) per annum above the prime rate offered from time to time by the Bank of America Corporation in San Francisco, California, or (ii) ten percent (10%) per annum, until the principal is fully paid.   The Catamaran notes may be prepaid without penalty at the option of the Company; however, no payments on the Catamaran notes may be made unless such payment is a Permitted Payment or certain existing obligations of the Company to Lender pursuant to the Credit and Security Agreement have been satisfied in full. The Catamaran notes may not be amended without the prior written consent of Lender.   Gordian Group   On December 9, 2015, the Company engaged Gordian Group, LLC (Gordian Group) to serve as the Companys exclusive investment banker to assist the Company in evaluating, exploring and, if deemed appropriate by the Company, pursuing and implementing certain strategic and financial options and transactions that may be available to the Company, including in connection with a possible debt or equity capital financing, merger, consolidation, joint venture or other business combination involving, or sale of substantially all or a material portion of the assets (outside of the ordinary course of business) or outstanding securities of, the Company and/or its subsidiaries, and/or the acquisition of substantially all or a material portion of the assets or outstanding securities of another entity (each, a Financial Transaction). Gordian Group is a New York-based independent investment banking firm. While the Company has commenced evaluating its available options, no conclusion as to any specific option or transaction has been reached, nor has any specific timetable been fixed for this effort, and there can be no assurance that any viable strategic or financial option or transaction will be presented, implemented or consummated. The Company intends to use proceeds of the Financial Transaction, if any, in part, to repay the amount owed to Lender when it becomes due.   At June 30, 2016, the Company had cash and cash equivalents of $102,400, an accumulated deficit of $18,258,600, and a working capital deficit of $11,885,100 due to losses incurred, debts payable to Lender and notes payable to related parties. In addition, the book value of the Companys assets was lower than the book value of its liabilities at June 30, 2016.   Management has taken several actions to reduce the Companys working capital needs through June 30, 2017, including reducing discretionary expenditures, reducing manpower, securing additional brewing contracts in an effort to utilize a portion of excess production capacity, and pursuing export opportunities. The Company is pursuing a Financial Transaction through Gordian Group as described above. The Company has relied upon the continued loans from Catamaran to support operations. The current revenue from operations is insufficient to meet the working capital needs of the Company over the next 12 months. The Company has requested UBHL to make a capital infusion.   If UBHL or other sources do not provide sufficient financial assistance to MBC, it will result in a material adverse effect on the Companys financial position and on its ability to continue to operate and it may have to seek capital by selling some of its operating assets. In addition, the Companys lenders may seek to satisfy any outstanding obligations through recourse against the applicable pledged collateral which includes the Companys real and personal property in the United States and the United Kingdom. The loss of any material pledged asset would have a material adverse effect on the Companys financial condition and its ability to continue to operate.   Vijay Mallya, the Companys Chairman and indirect majority shareholder is presently subject to certain legal proceedings in India, which may impair the Companys ability to obtain financing from UBHL and other potential funding sources.

3. Inventories   Inventories are stated at the lower of average cost or market and consist of the following:   <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="text-align: center; line-height: 115%"> </td> <td style="text-align: center; line-height: 115%"> </td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%">June 30, 2016</td> <td style="text-align: center; line-height: 115%"> </td> <td style="text-align: center; line-height: 115%"> </td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%">December 31, 2015</td> <td style="text-align: center; line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 54%; line-height: 115%">Raw Materials</td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%">$</td> <td style="width: 20%; text-align: right; line-height: 115%">490,200</td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%">$</td> <td style="width: 20%; text-align: right; line-height: 115%">628,100</td> <td style="width: 1%; line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%">Beer-in-process</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%">273,200</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%">312,200</td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%">Finished Goods</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%">519,000</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%">541,400</td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%">Merchandise</td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%">62,900</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%">65,300</td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%">TOTAL</td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 2.25pt double; line-height: 115%">$</td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%">1,345,300</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 2.25pt double; line-height: 115%">$</td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%">1,547,000</td> <td style="line-height: 115%"> </td></tr> </table>

4. Secured Lines of Credit   MB Financial Credit and Security Agreement   The borrowings under the Credit and Security Agreement are collateralized, with recourse, by MBCs and Reletas trade receivables and inventory located in the US. This facility carried interest (including default interest) at the Wall Street Journal prime rate plus 3% (effective July 22, 2016, at the Wall Street Journal prime rate plus 6%) and is secured by substantially all of the assets of Releta and MBC. The amount outstanding on this line of credit as of June 30, 2016 was approximately $680,400. Included in the Companys balance sheet as at June 30, 2016 are account balances totaling $1,321,700 of accounts receivable and $1,307,900 of inventory collateralized to Lender under this facility. The Credit and Security Agreement expires on September 21, 2016.   RBS Facility   On April 26, 2005, RBS provided an approximately $2.8 million (£1,750,000) invoice discounting facility to KBEL based on 80% prepayment against qualified accounts receivable related to KBELs UK customers. The initial term of the facility was one year, after which time the facility could be terminated by either party upon six months notice. The facility carried an interest rate of 1.38% above the RBS base rate and a service charge of 0.10% of each invoice discounted. The amount outstanding on this line of credit as of June 30, 2016 was approximately $727,700. Included in the Companys balance sheet at June 30, 2016 are account balances totaling $1,889,900 of accounts receivable collateralized to RBS under this facility.   On July 20, 2016, KBEL used the proceeds from the Invoice Discounting Facility provided by Santander to repay the entire amount owed on the RBS invoice discounting facility.

5. Notes Payable to Related Party   Notes payable to a related party consist of notes payable to Catamaran dated January 22, 2014, April 24, 2014, February 5, 2015, June 30, 2015, March 14, 2016, and March 30, 2016 for a total value of $2,575,200 including accrued interest of $175,200. Catamaran Holdings, Ltd. (Holding), the sole shareholder of Catamaran, has directors in common with Inversiones, one of the major shareholders of MBC. The indirect beneficial owner of Inversiones is UBHL. Dr. Vijay Mallya, the Chairman of the Board of Directors of the Company is also the Chairman of the Board of Directors of UBHL.   The Catamaran notes are payable within six months following the date of the notes, and if the Company is not able to satisfy its obligations on these notes within the six month period following the date of the notes, the notes shall be automatically extended for additional six month terms until they are paid. Each time Catamaran provided a loan, the Company received a letter from Lender permitting the Company to obtain such loans subject to certain conditions, including that no portion of such loans would be payable until either (a) certain obligations of the Company to Lender pursuant to the Credit and Security Agreement were satisfied in full, or (b) such payment was a Permitted Payment. A Permitted Payment with respect to the notes dated January 22, 2014, April 24, 2014, and February 5, 2015 means a payment made from an equity investment by the Companys majority shareholder in excess of $500,000. A Permitted Payment with respect to the note dated June 30, 2015 means a payment made from an equity investment by the Companys majority shareholder. On March 14, 2016, Catamaran provided a fifth loan in the principal amount of $325,000 on terms substantially similar to the previous notes, except that the definition of Permitted Payment was revised to mean, for purposes of this fifth note, a payment made from a bridge loan by the Companys majority shareholder in excess of $600,000. On March 30, 2016, Catamaran provided a sixth loan in the principal amount of $75,000 on terms substantially similar to the fifth note. If Catamaran ceases to provide ongoing financial support to the Company, and the Company is unable to obtain alternate financing, it would have a material adverse effect on the Companys financial condition and the Companys ability to continue to operate.   Interest shall accrue from the date of the applicable Catamaran note on the unpaid principal at a rate equal to the lesser of (i) one and one-half percent (1.5%) per annum above the prime rate offered from time to time by the Bank of America Corporation in San Francisco, California, or (ii) ten percent (10%) per annum, until the principal is fully paid.   The Catamaran notes may be prepaid without penalty at the option of the Company; however, no payments on the Catamaran notes may be made unless such payment is a Permitted Payment or certain existing obligations of the Company to Lender pursuant to the Credit and Security Agreement have been satisfied in full. The Catamaran notes may not be amended without the prior written consent of Lender. 8. Long-Term Debt Related Party   <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%">June 30, 2016</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%">December 31, 2015</td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 62%; padding-left: 5.4pt; text-align: justify; line-height: 115%">Loan from Heineken UK Limited, payable in quarterly installments of $119,400, plus interest at UK prime plus 5% maturing on October 9, 2016, secured by licensing rights pursuant to a Sub-License Agreement.</td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; border-bottom: black 1.5pt solid; line-height: 115%">$</td> <td style="width: 16%; border-bottom: black 1.5pt solid; text-align: right; line-height: 115%">220,700</td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; border-bottom: black 1.5pt solid; line-height: 115%">$</td> <td style="width: 16%; border-bottom: black 1.5pt solid; text-align: right; line-height: 115%">491,500</td> <td style="width: 1%; line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-left: 5.4pt; line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-left: 5.4pt; text-align: justify; line-height: 115%">Less current maturities</td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%">220,700</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%">491,500</td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-left: 5.4pt; line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 2.25pt double; line-height: 115%">$</td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%">-</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 2.25pt double; line-height: 115%">$</td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%">-</td> <td style="line-height: 115%"> </td></tr> </table>   On April 18, 2013, KBEL entered into a loan agreement (the HUK Loan Agreement) with HUK pursuant to which HUK provided KBEL with a secured term loan of £1,000,000 on October 9, 2013 to be repaid in twelve equal quarterly installments of £83,333.33, commencing from January 9, 2014 and to be repaid in full by October 9, 2016. Interest on the HUK loan is payable quarterly in arrears on the outstanding balance of the loan at the rate of 5% above the Bank of England base rate. Prepayment is permitted. Upon an Event of Default, as defined in the HUK Loan Agreement, if HUK and KBEL fail to agree on a payment plan acceptable to HUK, HUK may, among other remedies, declare the loan immediately due and repayable or exercise its right to an exclusive license pursuant to the Sub-License Agreement as described and defined in the HUK Loan Agreement.

9. Capital Lease Obligations   The Company leases certain brewing equipment under an agreement that is classified as a capital lease. The future minimum lease payments required under the capital lease and the present value of the net minimum lease payments as of June 30, 2016 are as follows:   <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 76%; line-height: 115%">Six months Ending December 31, 2016</td> <td style="width: 2%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%">$</td> <td style="width: 20%; text-align: right; line-height: 115%">13,100</td> <td style="width: 1%; line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%">Year Ending December 31, 2017</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%">26,300</td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%">Year Ending December 31, 2018</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%">19,800</td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%">Year Ending December 31, 2019</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%">19,800</td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%">Year Ending December 31, 2020</td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%">19,400</td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%">98,400</td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%">Less amounts representing interest</td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%">(14,200</td> <td style="line-height: 115%">)</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%">Present value of minimum lease payments</td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%">84,200</td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%">Less current maturities</td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%">(21,500</td> <td style="line-height: 115%">)</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%">Non-current leases payable</td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 2.25pt double; line-height: 115%">$</td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%">62,700</td> <td style="line-height: 115%"> </td></tr> </table>

10. Severance Payable   The Company is a party to a Separation and Severance Agreement (the Separation Agreement) with Mr. Yashpal Singh, its President and Chief Executive Officer. Pursuant to the terms of the Separation Agreement, upon Mr. Singhs (i) termination of employment for Good Reason (as defined in the Separation Agreement), (ii) termination of employment at the end of the employment term, (iii) death, (iv) disability or (v) termination by the Company without Cause (as defined in the Separation Agreement), he shall be entitled to certain severance benefits and payments. The severance payment shall equal the product of 2.5 times his average monthly base salary (calculated over the twelve (12) month period preceding the termination event), multiplied by the number of years (on a pro-rated basis) he had been employed by the Company at the Termination Date (as defined in the Separation Agreement); provided, however, that the severance payment may not exceed thirty (30) months of Mr. Singhs average monthly base salary (calculated over the twelve (12) months preceding his termination date). Payments due to Mr. Singh under the Separation Agreement shall be paid in equal monthly installments by the Company over a 20 month period. Mr. Singhs current employment contract ends on December 31, 2016. The receipt of payments is contingent on Mr. Singh executing a release of claims for the benefit of the Company. As of June 30, 2016, the Company has accrued $848,500 against this obligation.   Pursuant to a resolution adopted on September 10, 2013 by the Companys Board of Directors, the Company entered into a Separation and Severance Agreement with Mr. Mahadevan Narayanan, the Companys Chief Financial Officer and Secretary on April 12, 2016. Pursuant to the terms of the agreement, upon Mr. Narayanans (i) termination of employment for Good Reason (as defined in the agreement), (ii) death, (iii) disability or (iv) termination by the Company without Cause (as defined in the agreement), he shall be entitled to certain severance benefits and payments. The severance payment shall equal the product of 2.5 times his average monthly base salary (calculated over the twelve (12) month period preceding the termination event), multiplied by the number of years (on a pro-rated basis) he had been employed by the Company at the Termination Date (as defined in the agreement); provided, however, that the severance payment may not exceed thirty (30) months of Mr. Narayanans average monthly base salary (calculated over the twelve (12) months preceding his termination date). If Mr. Narayanans employment is terminated without Cause, in addition to the severance payment described above, he shall also receive either (i) 365 days prior written notice or (ii) a lump sum payment equal to twelve (12) months of his base salary at the rate in place at the Termination Date (the Notice Payment). Payments due to Mr. Narayanan under the Separation Agreement shall be paid in equal monthly installments by the Company over a 20 month period. The receipt of payments is contingent on Mr. Narayanan executing a release of claims for the benefit of the Company. As of June 30, 2016, the Company has not accrued any amount against this contingency. If the severance payment were triggered as of June 30, 2016, it would result in an expense and a liability of $469,800.

11. Commitments and Contingencies   Purchase of raw materials   Production of the Companys beverages requires quantities of various processed agricultural products, including malt and hops for beer. The Company fulfills its commodities requirements through purchases from various sources, some through contractual arrangements and others on the open market.   Legal   The Company is periodically involved in legal actions and claims that arise as a result of events that occur in the normal course of operations. The Companys management and its legal counsel assess such contingent liabilities, and such assessment inherently involves an exercise of judgment. In assessing loss contingencies related to legal proceedings that are pending against the Company or unasserted claims that may result in such proceedings, the Companys legal counsel evaluates the perceived merits of any legal proceedings or unasserted claims as well as the perceived merits of the amount of relief sought or expected to be sought therein.   On September 26, 2014, The New Buffalo Brewing Co., Inc. (NBB) initiated an action against Releta in the Supreme Court of the State of New York for the County of Erie to recover damages for alleged breaches of a Brewing Production Agreement between NBB and Releta dated September 6, 2013 (the Brewing Production Agreement), as well as for a declaration rescinding and nullifying the Brewing Production Agreement, and, in case of Reletas failure to answer or appear, damages resulting from the alleged breaches, rescission of the Brewing Production Agreement, attorneys fees and any other relief deemed proper by the court. In a demand letter to Releta dated October 16, 2014, NBB demanded payment of the sum of $500,000. The Company has engaged a law firm in New York to respond. The trial date is set for January 17, 2017.   On June 3, 2015, IAE International Aero Engines AG (IAE) served the Company with a complaint (the Complaint), filed in Marin County Superior Court, California (the Court), which requests, among other things, (i) that the Court recognize and enforce a foreign judgment against an Indian corporate entity (which is an affiliate of the Company), the alleged judgment debtor, and (ii) that such judgment be made enforceable against any assets of the Company (and of the other defendants) that are located in California, on the alleged ground that the Company (along with the other defendants) is an alter ego of the alleged judgment debtor. Along with the Complaint, IAE also served the Company with an ex parte application for a right to attach order and a writ of attachment, and, in the alternative, a temporary protective order (collectively, the ex parte application) to, among other things, stop the Company from making certain transfers to related parties other than in the ordinary course of business.   The ex parte application came up for hearing before the Court on June 5, 2015 and was continued to June 9, 2015. At the conclusion of the continued hearing on June 9, 2015, the Court denied the ex parte application for a writ of attachment and dissolved a short-term, limited temporary protective order that had been in place during the four-day continuance.   The Company believes that the allegations in the Complaint are without merit and will continue to vigorously defend against the lawsuit. On June 29, 2016, the Company filed a Motion for Judgment on the Pleadings, requesting that the Court dismiss, with prejudice, one of the two causes of action pled against it. That motion is currently scheduled to be heard by the Court on September 6, 2016.   As discussed in more detail in the Companys Current Report on Form 8-K filed on June 9, 2015, the Company discussed with the Lender the allegations set forth in the Complaint and the ex parte application and, as of the date of this Quarterly Report, the Company has not received any notice or other communication from the Lender that the Lender intends to exercise any of the remedies available to it under the Credit and Security Agreement in connection therewith.   The Company is not currently aware of any legal proceedings or claims that the Company believes will have, individually or in the aggregate, a material adverse effect on the Companys financial condition or ability to continue to operate.   Operating Leases   The Company leases some of its operating and office facilities for various terms under long-term, non-cancelable operating lease agreements. The leases expire at various dates between 2016 and 2020 and provide for renewal options ranging from month-to-month to five years. In the normal course of business, it is expected that these leases will be renewed or replaced by leases on similar properties. The leases provide for increases in future minimum annual rental payments based on defined increases which are generally meant to correlate with the Consumer Price Index, subject to certain minimum increases. Also, the agreements generally require the Company to pay certain costs, including real estate taxes, insurance and repairs.   MBC and its subsidiaries have various lease agreements for the brewpub and gift store in Ukiah, California, the brewery at Reletas Saratoga Springs, New York facility, a building in the UK, and certain equipment. The New York lease includes a renewal option for three additional five-year periods, which Releta intends to exercise.

12. Related-Party Transactions   The Company conducts business with United Breweries of America, Inc. (UBA), which owns approximately 25% of the Companys common stock. KBEL has had significant transactions with HUK, a related party with respect to one of MBCs Board members, beginning in October 2013.   The following table reflects the value of such transactions during the six months ended June 30, 2016 and 2015 and the balances outstanding as of June 30, 2016 and December 31, 2015.   <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="border-bottom: black 1.5pt solid; line-height: 115%">TRANSACTIONS</td> <td style="line-height: 115%"> </td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%">June 30, 2016</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%">June 30, 2015</td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 62%; line-height: 115%">Purchases from HUK</td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%">$</td> <td style="width: 16%; text-align: right; line-height: 115%">5,377,300</td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%">$</td> <td style="width: 16%; text-align: right; line-height: 115%">5,530,600</td> <td style="width: 1%; line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%">Expense reimbursement including interest to HUK</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%">$</td> <td style="text-align: right; line-height: 115%">438,100</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%">$</td> <td style="text-align: right; line-height: 115%">464,600</td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%">Interest expense related to UBA convertible notes</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%">$</td> <td style="text-align: right; line-height: 115%">47,800</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%">$</td> <td style="text-align: right; line-height: 115%">45,100</td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%">Interest expenses related to Catamaran notes</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%">$</td> <td style="text-align: right; line-height: 115%">55,600</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%">$</td> <td style="text-align: right; line-height: 115%">33,100</td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%">Borrowing from Catamaran</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%">$</td> <td style="text-align: right; line-height: 115%">400,000</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%">$</td> <td style="text-align: right; line-height: 115%">500,000</td> <td style="line-height: 115%"> </td></tr> </table>   <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="border-bottom: black 1.5pt solid; line-height: 115%">ACCOUNT BALANCES</td> <td style="line-height: 115%"> </td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%">June 30, 2016</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%">Dec 31, 2015</td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 62%; line-height: 115%">Accounts payable and accrued liability to HUK</td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%">$</td> <td style="width: 16%; text-align: right; line-height: 115%">1,419,600</td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%">$</td> <td style="width: 16%; text-align: right; line-height: 115%">1,669,400</td> <td style="width: 1%; line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%">Notes payable to Catamaran</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%">$</td> <td style="text-align: right; line-height: 115%">2,575,200</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%">$</td> <td style="text-align: right; line-height: 115%">2,119,600</td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%">Notes payable to UBA</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%">$</td> <td style="text-align: right; line-height: 115%">3,727,900</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%">$</td> <td style="text-align: right; line-height: 115%">3,680,100</td> <td style="line-height: 115%"> </td></tr> </table>

13. Segment Information   The Companys business presently consists of two segments the North American Territory and the Foreign Territory. The Companys 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. The Companys operations in the Foreign Territory, which are conducted through its wholly-owned subsidiary UBIUK and UBIUKs wholly-owned subsidiary KBEL, consist primarily of the marketing and distribution of Kingfisher Premium Lager in the Foreign Territory.   A summary of each segment is as follows:   Six months ended June 30, 2016   <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%">North American Territory</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%">Foreign Territory</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%">Total</td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom"> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td colspan="2" style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td colspan="2" style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td colspan="2" style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 49%; line-height: 115%"> Net Sales</td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%">$</td> <td style="width: 14%; text-align: right; line-height: 115%">5,545,300</td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%">$</td> <td style="width: 14%; text-align: right; line-height: 115%">8,908,500</td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%">$</td> <td style="width: 14%; text-align: right; line-height: 115%">14,453,800</td> <td style="width: 1%; line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%"> Operating Income (Loss)</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%">$</td> <td style="text-align: right; line-height: 115%">(773,700</td> <td style="line-height: 115%">)</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%">$</td> <td style="text-align: right; line-height: 115%">189,400</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%">$</td> <td style="text-align: right; line-height: 115%">(584,300</td> <td style="line-height: 115%">)</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%"> Identifiable Assets</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%">$</td> <td style="text-align: right; line-height: 115%">12,250,900</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%">$</td> <td style="text-align: right; line-height: 115%">3,348,300</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%">$</td> <td style="text-align: right; line-height: 115%">15,599,200</td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%"> Depreciation & Amortization</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%">$</td> <td style="text-align: right; line-height: 115%">339,300</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%">$</td> <td style="text-align: right; line-height: 115%">231,900</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%">$</td> <td style="text-align: right; line-height: 115%">571,200</td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%"> Capital Expenditures</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%">$</td> <td style="text-align: right; line-height: 115%">6,200</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%">$</td> <td style="text-align: right; line-height: 115%">91,500</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%">$</td> <td style="text-align: right; line-height: 115%">97,700</td> <td style="line-height: 115%"> </td></tr> </table>   Six months ended June 30, 2015   <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="text-align: center; line-height: 115%"> </td> <td style="text-align: center; line-height: 115%"> </td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%">North American Territory</td> <td style="text-align: center; line-height: 115%"> </td> <td style="text-align: center; line-height: 115%"> </td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%">Foreign Territory</td> <td style="text-align: center; line-height: 115%"> </td> <td style="text-align: center; line-height: 115%"> </td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%">Total</td> <td style="text-align: center; line-height: 115%"> </td></tr> <tr style="vertical-align: bottom"> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td colspan="2" style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td colspan="2" style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td colspan="2" style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 49%; line-height: 115%"> Net Sales</td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%">$</td> <td style="width: 14%; text-align: right; line-height: 115%">5,540,200</td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%">$</td> <td style="width: 14%; text-align: right; line-height: 115%">9,292,500</td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%">$</td> <td style="width: 14%; text-align: right; line-height: 115%">14,832,700</td> <td style="width: 1%; line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%"> Operating Income (loss)</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%">$</td> <td style="text-align: right; line-height: 115%">(586,800</td> <td style="line-height: 115%">)</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%">$</td> <td style="text-align: right; line-height: 115%">96,500</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%">$</td> <td style="text-align: right; line-height: 115%">(490,300</td> <td style="line-height: 115%">)</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%"> Identifiable Assets</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%">$</td> <td style="text-align: right; line-height: 115%">13,183,400</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%">$</td> <td style="text-align: right; line-height: 115%">4,106,600</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%">$</td> <td style="text-align: right; line-height: 115%">17,290,000</td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%"> Depreciation & Amortization</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%">$</td> <td style="text-align: right; line-height: 115%">336,700</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%">$</td> <td style="text-align: right; line-height: 115%">244,700</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%">$</td> <td style="text-align: right; line-height: 115%">581,400</td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%"> Capital Expenditures</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%">$</td> <td style="text-align: right; line-height: 115%">70,400</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%">$</td> <td style="text-align: right; line-height: 115%">269,300</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%">$</td> <td style="text-align: right; line-height: 115%">339,700</td> <td style="line-height: 115%"> </td></tr> </table>

14. Unrestricted Net Assets   The Companys wholly-owned subsidiary, UBIUK, had undistributed losses of $155,000 as of June 30, 2016. Under KBELs line of credit agreement with RBS, distributions and other payments to MBC from KBEL are not permitted if retained earnings drop below $1,324,200. Condensed financial information of MBC, together with its other subsidiary, Releta, is as follows:   Balance Sheets   <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="text-align: center; line-height: 115%"> </td> <td style="text-align: center; line-height: 115%"> </td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%">June 30, 2016</td> <td style="text-align: center; line-height: 115%"> </td> <td style="text-align: center; line-height: 115%"> </td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%">December 31, 2015</td> <td style="text-align: center; line-height: 115%"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: center; line-height: 115%"> </td> <td style="text-align: center; line-height: 115%"> </td> <td colspan="2" style="text-align: center; line-height: 115%">(unaudited)</td> <td style="text-align: center; line-height: 115%"> </td> <td style="text-align: center; line-height: 115%"> </td> <td colspan="2"> </td> <td style="text-align: center; line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%">Balance Sheets</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%">Assets</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="width: 62%; line-height: 115%">Cash and cash equivalents</td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%">$</td> <td style="width: 16%; text-align: right; line-height: 115%">102,100</td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%">$</td> <td style="width: 16%; text-align: right; line-height: 115%">61,300</td> <td style="width: 1%; line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%">Accounts receivable, net</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%">1,321,700</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%">1,121,300</td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%">Inventories</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%">1,307,900</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%">1,490,100</td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%">Other current assets</td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%">257,000</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%">199,800</td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%">Total current assets</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%">2,988,700</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%">2,872,500</td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%">Investment in subsidiary</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%">1,225,000</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%">1,225,000</td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%">Property and equipment</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%">9,067,900</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%">9,378,500</td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%">Intercompany receivable</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%">182,100</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%">284,000</td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%">Other assets</td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%">194,300</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%">175,800</td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%">Total assets</td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; line-height: 115%">$</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%">13,658,000</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; line-height: 115%">$</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%">13,935,800</td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%">Liabilities</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%">Line of credit</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%">$</td> <td style="text-align: right; line-height: 115%">680,400</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%">$</td> <td style="text-align: right; line-height: 115%">453,100</td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%">Accounts payable</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%">2,575,000</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%">2,640,400</td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%">Accrued liabilities</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%">1,302,800</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%">1,021,000</td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%">Note payable to related party</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%">2,575,200</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%">2,119,600</td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%">Subordinated convertible notes to related party</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%">3,727,900</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%">3,680,100</td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%">Current maturities of debt, leases and severance</td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%">3,246,200</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%">3,505,900</td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%">Total current liabilities</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%">14,107,500</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%">13,420,100</td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%">Long-term capital leases</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%">11,100</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%">14,000</td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%">Severance payable</td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%">721,200</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%">678,400</td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%">Total liabilities</td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%">14,839,800</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%">14,112,500</td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%">Stockholders deficit</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%">Common stock</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%">15,100,300</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%">15,100,300</td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%">Preferred stock</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%">227,600</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%">227,600</td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%">Accumulated deficit</td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%">(16,509,700</td> <td style="line-height: 115%">)</td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%">(15,504,600</td> <td style="line-height: 115%">)</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%">Total stockholders deficit</td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%">(1,181,800</td> <td style="line-height: 115%">)</td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%">(176,700</td> <td style="line-height: 115%">)</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%">Total liabilities and stockholders deficit</td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; line-height: 115%">$</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%">13,658,000</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; line-height: 115%">$</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%">13,935,800</td> <td style="line-height: 115%"> </td></tr> </table>   Statements of Operations   <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td> </td> <td style="text-align: center; line-height: 115%"> </td> <td colspan="6" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%">Three months ended June 30</td> <td style="text-align: center; line-height: 115%"> </td> <td style="text-align: center; line-height: 115%"> </td> <td colspan="6" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%">Six months ended June 30</td> <td style="text-align: center; line-height: 115%"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: center; line-height: 115%"> </td> <td style="text-align: center; line-height: 115%"> </td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%">2016</td> <td style="text-align: center; line-height: 115%"> </td> <td style="text-align: center; line-height: 115%"> </td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%">2015</td> <td style="text-align: center; line-height: 115%"> </td> <td style="text-align: center; line-height: 115%"> </td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%">2016</td> <td style="text-align: center; line-height: 115%"> </td> <td style="text-align: center; line-height: 115%"> </td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%">2015</td> <td style="text-align: center; line-height: 115%"> </td></tr> <tr style="vertical-align: bottom"> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td colspan="2" style="text-align: right; line-height: 115%">(unaudited)</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td colspan="2" style="text-align: right; line-height: 115%">(unaudited)</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td colspan="2" style="text-align: right; line-height: 115%">(unaudited)</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td colspan="2" style="text-align: right; line-height: 115%">(unaudited)</td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 44%; line-height: 115%">Net sales</td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%">$</td> <td style="width: 11%; text-align: right; line-height: 115%">2,953,000</td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%">$</td> <td style="width: 11%; text-align: right; line-height: 115%">3,166,500</td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%">$</td> <td style="width: 11%; text-align: right; line-height: 115%">5,545,300</td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%">$</td> <td style="width: 11%; text-align: right; line-height: 115%">5,540,200</td> <td style="width: 1%; line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%">Cost of goods sold</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%">(2,335,800</td> <td style="line-height: 115%">)</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%">(2,471,300</td> <td style="line-height: 115%">)</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%">(4,560,900</td> <td style="line-height: 115%">)</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%">(4,593,900</td> <td style="line-height: 115%">)</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%">Sales, marketing, and retail expenses</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%">(289,900</td> <td style="line-height: 115%">)</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%">(322,300</td> <td style="line-height: 115%">)</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%">(581,400</td> <td style="line-height: 115%">)</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%">(675,700</td> <td style="line-height: 115%">)</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%">General and administrative expenses</td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%">(620,800</td> <td style="line-height: 115%">)</td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%">(380,600</td> <td style="line-height: 115%">)</td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%">(1,180,300</td> <td style="line-height: 115%">)</td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%">(860,700</td> <td style="line-height: 115%">)</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%">Loss from operations</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%">(293,500</td> <td style="line-height: 115%">)</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%">(7,700</td> <td style="line-height: 115%">)</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%">(777,300</td> <td style="line-height: 115%">)</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%">(590,100</td> <td style="line-height: 115%">)</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%">Other income</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%">8,100</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%">40,500</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%">11,800</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%">43,600</td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%">Interest expense</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%">(120,300</td> <td style="line-height: 115%">)</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%">(124,500</td> <td style="line-height: 115%">)</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%">(238,000</td> <td style="line-height: 115%">)</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%">(247,500</td> <td style="line-height: 115%">)</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%">Provision for taxes</td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%">(1,600</td> <td style="line-height: 115%">)</td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%">-</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%">(1,600</td> <td style="line-height: 115%">)</td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%">(3,800</td> <td style="line-height: 115%">)</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%">Net loss</td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 2.25pt double; line-height: 115%">$</td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%">(407,300</td> <td style="line-height: 115%">)</td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 2.25pt double; line-height: 115%">$</td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%">(91,700</td> <td style="line-height: 115%">)</td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 2.25pt double; line-height: 115%">$</td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%">(1,005,100</td> <td style="line-height: 115%">)</td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 2.25pt double; line-height: 115%">$</td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%">(797,800</td> <td style="line-height: 115%">)</td></tr> </table>   Statements of Cash Flows   <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="padding-bottom: 1.5pt"> </td> <td style="text-align: center; line-height: 115%"> </td> <td colspan="6" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%">Six months ended June 30</td> <td style="text-align: center; line-height: 115%"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: center; line-height: 115%"> </td> <td style="text-align: center; line-height: 115%"> </td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%">2016</td> <td style="text-align: center; line-height: 115%"> </td> <td style="text-align: center; line-height: 115%"> </td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%">2015</td> <td style="text-align: center; line-height: 115%"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: center; line-height: 115%"> </td> <td style="text-align: center; line-height: 115%"> </td> <td colspan="2" style="text-align: center; line-height: 115%">(unaudited)</td> <td style="text-align: center; line-height: 115%"> </td> <td style="text-align: center; line-height: 115%"> </td> <td colspan="2" style="text-align: center; line-height: 115%">(unaudited)</td> <td style="text-align: center; line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 62%; line-height: 115%"> Cash flows from operating activities</td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%">$</td> <td style="width: 16%; text-align: right; line-height: 115%">(412,000</td> <td style="width: 1%; line-height: 115%">)</td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%">$</td> <td style="width: 16%; text-align: right; line-height: 115%">113,900</td> <td style="width: 1%; line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%"> Purchase of property and equipment</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%">(6,200</td> <td style="line-height: 115%">)</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%">(70,400</td> <td style="line-height: 115%">)</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%"> Net borrowing (repayment) on line of credit</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%">227,300</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%">(378,900</td> <td style="line-height: 115%">)</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%"> Borrowing on note payable</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%">400,000</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%">500,000</td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%"> Repayment on long term debt</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%">(267,300</td> <td style="line-height: 115%">)</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%">(267,400</td> <td style="line-height: 115%">)</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%"> Payment on obligation under capital lease</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%">(2,900</td> <td style="line-height: 115%">)</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%">(2,700</td> <td style="line-height: 115%">)</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%"> Net change in payable to UBIUK</td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%">101,900</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%">163,900</td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%"> Decrease in cash</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%">40,800</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%">58,400</td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%"> Cash, beginning of period</td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%">61,300</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%">61,500</td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%"> Cash, end of period</td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 2.25pt double; line-height: 115%">$</td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%">102,100</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 2.25pt double; line-height: 115%">$</td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%">119,900</td> <td style="line-height: 115%"> </td></tr> </table>

15. Income Taxes   In the six months ended June 30, 2016 and 2015, the Company recorded tax expenses related to state franchise taxes only, and did not record income tax expenses due to the availability of deferred tax assets to offset any taxable income in the US (at the federal and state level to the extent applicable) and the UK. The Company has established a full valuation allowance against the Companys deferred tax assets based on an assessment that the criteria that deferred tax assets will more likely than not be realized has not yet been met. During the six months ended June 30, 2016 and June 30, 2015, the Companys effective tax rates were de minimis.   The Companys major tax jurisdictions are (i) US (federal), (ii) California (state), (iii) New York (state) and (iv) UK. Tax returns remain open to examination by the applicable governmental authorities for tax years 2012 through 2015. The federal and state taxing authorities may choose to audit tax returns for prior years due to significant tax attribute carryforwards for those prior years. However, such audits will be limited to adjustments to such carryforward tax attributes. The Company is not currently being audited in any tax jurisdiction.

16. Subsequent Events   On July 20, 2016, KBEL entered into a Sales Finance Agreement with Santander UK plc (Santander), (the Invoice Discounting Facility) pursuant to which Santander provided KBEL with an approximately $2,306,000 (£1,750,000) maximum revolving line of credit (the Review Limit) with advances permitted up to 85% of KBELs qualified accounts receivable. This facility has a minimum maturity of twelve months, but will be automatically extended unless terminated by either party upon three months written notice. If the Invoice Discounting Facility terminates on or before the first anniversary, KBEL must pay as breakage costs 3% of the Review Limit. The Invoice Discounting Facility carries an interest rate of 2.1% above the Santander base rate and a fixed service charge of approximately $1,300 (£1,000) per month. The Invoice Discounting Facility binds KBEL to certain financial covenants relating to accounts receivable including turnover ratios, maximum dilution, and ageing, while also requiring KBEL to maintain a minimum level of net tangible assets.   On July 20, 2016, KBEL used the proceeds from Invoice Discounting Facility provided by Santander to repay the entire amount owed on the RBS invoice discounting facility.   Effective July 22, 2016, MBC, Releta, and MB Financial entered into a Fourth Amendment (the Fourth Amendment) to the Credit and Security Agreement dated June 23, 2011, as previously amended on March 29, 2013, January 21, 2015, and June 20, 2016. The Fourth Amendment extended the maturity date of the Credit and Security Agreement from July 23, 2016 to September 21, 2016 and increased the interest rate under the Credit and Security Agreement to the Wall Street Journal prime rate plus 6% (including default interest). The Fourth Amendment also confirms the continuance of certain events of default under the Credit and Security Agreement.

Description of Operations   Mendocino Brewing Company, Inc. (the Company or MBC) was formed in 1983 in California, and has two operating subsidiaries: Releta Brewing Company, LLC (Releta), and United Breweries International (UK) Limited (UBIUK). In the United States (the US), MBC and Releta operate two breweries that produce beer and malt beverages for the specialty craft segment of the beer market. The breweries are located in Ukiah, California and Saratoga Springs, New York. The majority of sales for MBC in the US are in California. The Company brews several brands, of which Red Tail Ale is the flagship brand. In addition, the Company performs contract brewing for several other brands. Generally, product shipments are made directly from the breweries to wholesalers or distributors in accordance with state and local laws.   MBCs United Kingdom (the UK) subsidiary, UBIUK, is a holding company for Kingfisher Beer Europe Limited (KBEL). KBEL is a distributor of alcoholic beverages, mainly Kingfisher Lager Beer, in the UK and Europe. The offices of KBEL are located in Maidstone, Kent in the UK. In addition, during the period covered by this quarterly report (the Quarterly Report), through UBIUK, the Company had production and distribution rights to Kingfisher Premium Lager in Canada and the United States. The Company has the right to use the Kingfisher mark and the name Kingfisher Brewing Company in connection with the brewing and distribution of assorted beers in the United States pursuant to an agreement with Kingfisher America, Inc. Generally, sales are made through distributors.   All of the Companys beers sold in Europe (except for beers sold in Germany) are procured under a contract with Heineken UK Limited (HUK). This contract expires in October 2018. KBEL is the distributor of Kingfisher Premium Lager to specialty restaurant trade distributors, liquor and convenience stores in the United Kingdom, Ireland, and continental Europe, but does not physically distribute the Companys products to customers. KBEL relies on HUK for distribution of the product in Europe in exchange for a fee paid to HUK, except for in Germany where beers are manufactured and distributed pursuant to a separate contract with a different entity. In addition, HUK has the exclusive right to sell Kingfisher Premium Lager, for a royalty fee payable to KBEL, to certain large retail customers, including, but not limited to, Sainsburys, Asda, and Tesco.

Subsequent Events   The Company evaluates events that occur subsequent to the balance sheet date of periodic reports, but before financial statements are issued for periods ending on such balance sheet dates, for possible adjustment to such financial statements or other disclosure. This evaluation generally occurs through the date on which the Companys financial statements are electronically prepared for filing with the Securities and Exchange Commission (SEC).

Principles of Consolidation   The consolidated financial statements present the accounts of MBC and its wholly-owned subsidiaries, Releta and UBIUK. All material intracompany and inter-company balances, profits and transactions have been eliminated.

Basis of Presentation and Organization   The accompanying unaudited condensed consolidated financial statements for the six months ended June 30, 2016 and 2015 have been prepared in accordance with accounting principles generally accepted in the US. These condensed consolidated financial statements should be read in conjunction with the audited consolidated financial statements included in the Companys most recent Annual Report on Form 10-K, as filed with the SEC, which contains additional financial and operating information and information concerning significant accounting policies followed by the Company. The financial statements and notes are representations of the Companys management (Management) and its board of directors (the Board of Directors), who are responsible for their integrity and objectivity.   The Companys consolidated financial statements for fiscal year 2015 were prepared on a going concern basis. The continuation of the Company as a going concern is dependent upon continued financial support from Catamaran Services, Inc. (Catamaran) and/or United Breweries Holdings, Ltd., an Indian public limited company (UBHL), its ability to obtain other debt or equity financing, and generating profitable operations from the Companys future operations. However, management cannot provide any assurances that the Company will be successful in accomplishing any of its plans. These factors raise substantial doubt regarding the Companys ability to continue as a going concern.   Operating results from the six months ended June 30, 2016 are not necessarily indicative of the results that may be expected for the year ending December 31, 2016 or any future period.

Reclassifications   Certain items in the financial statements for the prior year have been reclassified to conform to the current year presentation. These reclassifications had no effect on net income or equity.

Cash and Cash Equivalents, Short and Long-Term Investments   For purposes of cash flows, the Company considers all highly liquid investments purchased with a maturity of three months or less to be cash equivalents.

Revenue Recognition   The Company recognizes revenue from the brewing and distribution operations in accordance with Accounting Standards Codification 605 of the Financial Accounting Standards Board. The Company recognizes revenue from product sales, net of discounts.   The Company recognizes revenue only when all of the following criteria have been met:   <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr> <td style="width: 48px; text-align: justify; line-height: 115%"> </td> <td style="vertical-align: top; width: 24px; line-height: 115%">● </td> <td style="text-align: justify; line-height: 115%">Persuasive evidence of an arrangement exists;</td></tr> <tr> <td style="text-align: justify; line-height: 115%"> </td> <td style="vertical-align: top; line-height: 115%"> </td> <td style="text-align: justify; line-height: 115%"> </td></tr> <tr> <td style="text-align: justify; line-height: 115%"> </td> <td style="vertical-align: top; line-height: 115%">● </td> <td style="text-align: justify; line-height: 115%">Delivery has occurred or services have been rendered;</td></tr> <tr> <td style="text-align: justify; line-height: 115%"> </td> <td style="vertical-align: top; line-height: 115%"> </td> <td style="text-align: justify; line-height: 115%"> </td></tr> <tr> <td style="text-align: justify; line-height: 115%"> </td> <td style="vertical-align: top; line-height: 115%">● </td> <td style="text-align: justify; line-height: 115%">The fee for the arrangement is fixed or determinable; and</td></tr> <tr> <td style="text-align: justify; line-height: 115%"> </td> <td style="vertical-align: top; line-height: 115%"> </td> <td style="text-align: justify; line-height: 115%"> </td></tr> <tr> <td style="text-align: justify; line-height: 115%"> </td> <td style="vertical-align: top; line-height: 115%">● </td> <td style="text-align: justify; line-height: 115%">Collectability is reasonably assured.</td></tr> </table>   Persuasive Evidence of an Arrangement The Company documents all terms of an arrangement in a written contract or purchase order signed by the customer prior to recognizing revenue.   Delivery Has Occurred or Services Have Been Performed The Company delivers the products prior to recognizing revenue or performs services as per contractual terms. Product is considered delivered upon delivery to a customers designated location and services are considered performed upon completion of the Companys contractual obligations.   The Fee for the Arrangement is Fixed or Determinable Prior to recognizing revenue, an amount is either fixed or determinable under the terms of the written contract. The price is negotiated at the outset of the arrangement and is not subject to refund or adjustment during the initial term of the arrangement.   Collectability is Reasonably Assured The Company determines that collectability is reasonably assured prior to recognizing revenue. Collectability is assessed on a customer-by-customer basis based on criteria outlined by Management. The Company does not enter into arrangements unless collectability is reasonably assured at the outset. Existing customers are subject to ongoing credit evaluations based on payment history and other factors. If it is determined during the arrangement that collectability is not reasonably assured, revenue is recognized on a cash basis.   The Company records certain consideration paid to customers for services or placement fees as a reduction in revenue rather than as an expense. The Company reports these items on the income statement as a reduction in revenue and as a corresponding reduction in marketing and selling expenses.   Revenues from the Companys brewpub and gift store are recognized when sales have been completed.

Allowance for Doubtful Accounts   The Company maintains allowances for doubtful accounts for estimated losses resulting from the inability of its customers to make required payments. Management considers the following factors when determining the collectability of specific customer accounts: customer credit-worthiness, past transaction history with the customer, current economic and industry trends and changes in customer payment terms. Balances over 90 days past due and other higher risk amounts are reviewed individually for collectability. If the financial condition of the Companys customers were to deteriorate, adversely affecting their ability to make payments, additional allowances would be required. Based on Managements assessment, the Company provides for estimated uncollectible amounts through a charge to earnings and a credit to a valuation allowance. Balances that remain outstanding after the Company has used reasonable collection efforts are written off through a charge to the valuation allowance and a credit to accounts receivable.

Inventories   Inventories are stated at the lower of average cost, which approximates the first-in, first-out method, or market (current replacement cost). The Company regularly reviews its inventories for the presence of obsolete product attributed to age, seasonality and quality. Inventories that are considered obsolete are written off or adjusted to carrying value.

Deferred Financing Costs   Costs relating to obtaining financing are capitalized and amortized over the term of the related debt. When a loan is paid in full, any unamortized financing costs are removed from the related accounts and charged to operations. Deferred financing costs related to a borrowing made in June 2011 were $225,000, which was fully amortized as of June 30, 2016. Amortization of deferred financing costs charged to operations was $22,500 for the six months ended June 30, 2016 and 2015.

Concentration of Credit Risks   Financial instruments that potentially subject the Company to significant concentration of credit risk consist primarily of cash and cash equivalents, and accounts receivable. Substantially all of the Companys cash and cash equivalents are deposited with commercial banks in the US and the UK that have minimal credit risk. Accounts receivable are generally unsecured and customers are subject to an initial credit review and ongoing monitoring. Wholesale distributors account for substantially all accounts receivable; therefore, this risk concentration is limited due to the number of distributors and the laws regulating the financial affairs of distributors of alcoholic beverages. The Company has approximately $300 in cash deposits and $1,889,900 of accounts receivable due from customers located in the UK as of June 30, 2016.

Income Taxes   The Company accounts for income taxes in accordance with ASC 750 which requires an asset and liability approach for financial accounting and reporting for income taxes and allows recognition and measurement of deferred tax assets based upon the likelihood of realization of tax benefits in future years. Under the asset and liability approach, deferred taxes are provided for the net tax effects of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for income tax purposes. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. Deferred tax assets are recognized for deductible temporary differences and operating loss and tax credit carryforwards. The Company periodically assesses uncertain tax positions that the Company has taken or expects to take on a tax return, including a decision whether to file or not to file a return in a particular jurisdiction. The Company evaluated its tax positions and determined that there were no uncertain tax benefits as of June 30, 2016 and December 31, 2015.

Basic and Diluted Earnings (Loss) per Share   The basic earnings (loss) per share is computed by dividing the earnings (loss) attributable to common stockholders by the weighted average number of common shares outstanding during the period. Basic net earnings (loss) per share exclude the dilutive effect of stock options or warrants and convertible notes. If the Companys operations result in net loss for any period, diluted net loss per share would be the same as basic net loss per share, since the effect of any potentially dilutive securities would be anti-dilutive. Therefore, the conversion of the related party convertible notes (see Subordinated Convertible Notes Payable to Related Party below) has been excluded from the Companys calculation of net loss per share. The computations of basic and dilutive net loss per share are as follows:   <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="text-align: center; line-height: 115%"> </td> <td style="text-align: center; line-height: 115%"> </td> <td colspan="6" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%">Three months ended</td> <td style="text-align: center; line-height: 115%"> </td> <td style="text-align: center; line-height: 115%"> </td> <td colspan="6" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%">Six months ended</td> <td style="text-align: center; line-height: 115%"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: center; line-height: 115%"> </td> <td style="text-align: center; line-height: 115%"> </td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%">6/30/2016</td> <td style="text-align: center; line-height: 115%"> </td> <td style="text-align: center; line-height: 115%"> </td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%">6/30/2015</td> <td style="text-align: center; line-height: 115%"> </td> <td style="text-align: center; line-height: 115%"> </td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%">6/30/2016</td> <td style="text-align: center; line-height: 115%"> </td> <td style="text-align: center; line-height: 115%"> </td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%">6/30/2015</td> <td style="text-align: center; line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 48%; text-align: justify; line-height: 115%">Net loss</td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%">$</td> <td style="width: 10%; text-align: right; line-height: 115%">(225,900</td> <td style="width: 1%; line-height: 115%">)</td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 10%; text-align: right; line-height: 115%">(85,700</td> <td style="width: 1%; line-height: 115%">)</td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%">$</td> <td style="width: 10%; text-align: right; line-height: 115%">(863,000</td> <td style="width: 1%; line-height: 115%">)</td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%"> </td> <td style="width: 10%; text-align: right; line-height: 115%">(759,600</td> <td style="width: 1%; line-height: 115%">)</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="text-align: justify; line-height: 115%">Weighted average common shares outstanding</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%">12,611,133</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%">12,611,133</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%">12,611,133</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%">12,611,133</td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="text-align: justify; line-height: 115%">Basic net loss per share</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%">$</td> <td style="text-align: right; line-height: 115%">(0.02</td> <td style="line-height: 115%">)</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%">(0.01</td> <td style="line-height: 115%">)</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%">$</td> <td style="text-align: right; line-height: 115%">(0.07</td> <td style="line-height: 115%">)</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%">(0.06</td> <td style="line-height: 115%">)</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="text-align: justify; line-height: 115%">Interest expense on convertible notes</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%">$</td> <td style="text-align: right; line-height: 115%">-</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%">-</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%">$</td> <td style="text-align: right; line-height: 115%">-</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%">-</td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="text-align: justify; line-height: 115%">Loss for computing diluted net income per share</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%">$</td> <td style="text-align: right; line-height: 115%">(225,900</td> <td style="line-height: 115%">)</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%">(85,700</td> <td style="line-height: 115%">)</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%">$</td> <td style="text-align: right; line-height: 115%">(863,000</td> <td style="line-height: 115%">)</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%">(759,600</td> <td style="line-height: 115%">)</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="text-align: justify; line-height: 115%">Incremental shares from assumed exercise of dilutive securities</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%">-</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%">-</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%">-</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%">-</td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="text-align: justify; line-height: 115%">Dilutive potential common shares</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%">12,611,133</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%">12,611,133</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%">12,611,133</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%">12,611,133</td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="text-align: justify; line-height: 115%">Diluted net loss per share</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%">$</td> <td style="text-align: right; line-height: 115%">(0.02</td> <td style="line-height: 115%">)</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%">(0.01</td> <td style="line-height: 115%">)</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%">$</td> <td style="text-align: right; line-height: 115%">(0.07</td> <td style="line-height: 115%">)</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%">(0.06</td> <td style="line-height: 115%">)</td></tr> </table>

Foreign Currency Translation   The Company has subsidiaries located in the UK, where the local currency, the UK Pound Sterling, is the functional currency. Financial statements of these subsidiaries are translated into US dollars using period-end exchange rates for assets and liabilities and average exchange rates during the period for revenues and expenses. Cumulative translation adjustments associated with net assets or liabilities are reported in non-owner changes in equity. Any exchange rate gains or losses related to foreign currency transactions are recognized in the income statement as incurred, in the same financial statement caption as the underlying transaction, and are not material for any year shown. Cash flows were translated at the average exchange rates for the six months then ended. Changes in cash resulting from the translations are presented as a separate item in the statements of cash flows.

Comprehensive Income (Loss)   Comprehensive income (loss) is composed of the Companys net loss and changes in equity from non-stockholder sources. The accumulated balances of these non-stockholder sources are reflected as a separate item in the equity section of the balance sheet.

Use of Estimates   The preparation of financial statements in conformity with accounting principles generally accepted in the US includes having the Company make estimates and assumptions affecting the reported amounts of assets, liabilities, revenues and expenses, and disclosure of contingent assets and liabilities. The amounts estimated could differ from actual results. Significant estimates include the allowance for bad debts, depreciation periods, and contingencies.

Reportable Segments   The Company manages its operations through two business segments: (i) brewing operations and tasting room operations in the US and distributor operations in Canada (the North American Territory) and (ii) distributor operations in Europe, including the UK (the Foreign Territory). The Company evaluates performance based on net operating profit. Where applicable, portions of the administrative function expenses are allocated between the operating segments. The operating segments do not share manufacturing or distribution facilities. In the event any materials and/or services are provided to one operating segment by the other, the transaction is valued according to the Companys transfer policy, which approximates market price. The costs of operating the manufacturing plants are captured discretely within each segment. The Companys property, plant and equipment, inventory, and accounts receivable are captured and reported discretely within each operating segment.

Recent Accounting Pronouncements   In March 2016, the FASB issued ASU 2016-08, Revenue from Contracts with Customers (Topic 606): Principal versus Agent Considerations (Reporting Revenue Gross versus Net) that clarifies how to apply revenue recognition guidance related to whether an entity is a principal or an agent. ASU 2016-08 clarifies that the analysis must focus on whether the entity has control of the goods or services before they are transferred to the customer and provides additional guidance about how to apply the control principle when services are provided and when goods or services are combined with other goods or services. The effective date for ASU 2016-08 is the same as the effective date of ASU 2014-09 as amended by ASU 2015-14, for annual reporting periods beginning after December 15, 2017, including interim periods within those years. The Company has not yet determined the impact of ASU 2016-08 on its consolidated financial statements.   ASU 2016-12, Revenue from Contracts with Customers (Topic 606): Narrow-Scope Improvements and Practical Expedients was issued in June 2016 and clarifies the objective of the collectability criterion, presentation of taxes collected from customers, non-cash consideration, contract modifications at transition, completed contracts at transition and how guidance in Topic 606 is retrospectively applied. The amendments do not change the core principle of the guidance in Topic 606. The effective dates are the same as those for Topic 606.

The Company leases certain brewing equipment under an agreement that is classified as a capital lease. The future minimum lease payments required under the capital lease and the present value of the net minimum lease payments as of June 30, 2016 are as follows:   <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 76%; line-height: 115%">Six months Ending December 31, 2016</td> <td style="width: 2%; line-height: 115%"> </td> <td style="width: 1%; line-height: 115%">$</td> <td style="width: 20%; text-align: right; line-height: 115%">13,100</td> <td style="width: 1%; line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%">Year Ending December 31, 2017</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%">26,300</td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%">Year Ending December 31, 2018</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%">19,800</td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%">Year Ending December 31, 2019</td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%">19,800</td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%">Year Ending December 31, 2020</td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%">19,400</td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%">98,400</td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%">Less amounts representing interest</td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%">(14,200</td> <td style="line-height: 115%">)</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%">Present value of minimum lease payments</td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%">84,200</td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="line-height: 115%"> </td> <td style="text-align: right; line-height: 115%"> </td> <td style="line-height: 115%"> </td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%">Less current maturities</td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; line-height: 115%"> </td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%">(21,500</td> <td style="line-height: 115%">)</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%">Non-current leases payable</td> <td style="line-height: 115%"> </td> <td style="border-bottom: black 2.25pt double; line-height: 115%">$</td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%">62,700</td> <td style="line-height: 115%"> </td></tr> </table>

12611133

1000000

The leases expire at various dates between 2016 and 2020. 0.015 0.10 6181400 0.02 -0.65 9000 11885100

2575200

175200

848500 469800

EX-101.SCH 7 menb-20160630.xsd XBRL SCHEMA FILE 00000001 - Document - Document and Entity Information link:presentationLink link:calculationLink link:definitionLink 00000002 - Statement - Condensed Consolidated Balance Sheets link:presentationLink link:calculationLink link:definitionLink 00000003 - Statement - Condensed Consolidated Balance Sheets (Parenthetical) link:presentationLink link:calculationLink link:definitionLink 00000004 - Statement - Condensed Consolidated Statements of Operations and Comprehensive Income (Loss) (Unaudited) link:presentationLink link:calculationLink link:definitionLink 00000005 - Statement - Condensed Consolidated Statements of Cash Flows (Unaudited) link:presentationLink link:calculationLink link:definitionLink 00000006 - Disclosure - Description of Operations and Summary of Significant Accounting Policies link:presentationLink link:calculationLink link:definitionLink 00000007 - Disclosure - Liquidity and Management Plans link:presentationLink link:calculationLink link:definitionLink 00000008 - Disclosure - Inventories link:presentationLink link:calculationLink link:definitionLink 00000009 - Disclosure - Secured Lines of Credit link:presentationLink link:calculationLink link:definitionLink 00000010 - Disclosure - Notes Payable to Related Party link:presentationLink link:calculationLink link:definitionLink 00000011 - Disclosure - Subordinated Convertible Notes Payable To Related Party link:presentationLink link:calculationLink link:definitionLink 00000012 - Disclosure - Secured Notes Payable link:presentationLink link:calculationLink link:definitionLink 00000013 - Disclosure - Long-Term Debt - Related Party link:presentationLink link:calculationLink link:definitionLink 00000014 - Disclosure - Capital Lease Obligations link:presentationLink link:calculationLink link:definitionLink 00000015 - Disclosure - Severance Payable link:presentationLink link:calculationLink link:definitionLink 00000016 - Disclosure - Commitments and Contingencies link:presentationLink link:calculationLink link:definitionLink 00000018 - Disclosure - Segment Information link:presentationLink link:calculationLink link:definitionLink 00000019 - Disclosure - Unrestricted Net Assets link:presentationLink link:calculationLink link:definitionLink 00000020 - Disclosure - Income Taxes link:presentationLink link:calculationLink link:definitionLink 00000021 - Disclosure - Subsequent Events link:presentationLink link:calculationLink link:definitionLink 00000022 - Disclosure - Description of Operations and Summary of Significant Accounting Policies (Policies) link:presentationLink link:calculationLink link:definitionLink 00000023 - Disclosure - Description of Operations and Summary of Significant Accounting Policies (Tables) link:presentationLink link:calculationLink link:definitionLink 00000024 - Disclosure - Inventories (Tables) link:presentationLink link:calculationLink link:definitionLink 00000025 - Disclosure - Secured Notes Payable (Tables) link:presentationLink link:calculationLink link:definitionLink 00000026 - Disclosure - Long-Term Debt - Related Party (Tables) link:presentationLink link:calculationLink link:definitionLink 00000027 - Disclosure - Capital Lease Obligations (Tables) link:presentationLink link:calculationLink link:definitionLink 00000029 - Disclosure - Segment Information (Tables) link:presentationLink link:calculationLink link:definitionLink 00000030 - Disclosure - Unrestricted Net Assets (Tables) link:presentationLink link:calculationLink link:definitionLink 00000031 - Disclosure - Description of Operations and Summary of Significant Accounting Policies (Details Narrative) link:presentationLink link:calculationLink link:definitionLink 00000032 - Disclosure - Description of Operations and Summary of Significant Accounting Policies - Schedule of Basic and Dilutive Net Loss Per Share (Details) link:presentationLink link:calculationLink link:definitionLink 00000033 - Disclosure - Liquidity and Management Plans (Details Narrative) link:presentationLink link:calculationLink link:definitionLink 00000034 - Disclosure - Inventories - Schedule of Inventories (Details) link:presentationLink link:calculationLink link:definitionLink 00000035 - Disclosure - Secured Lines of Credit (Details Narrative) link:presentationLink link:calculationLink link:definitionLink 00000036 - Disclosure - Notes Payable to Related Party (Details Narrative) link:presentationLink link:calculationLink link:definitionLink 00000037 - Disclosure - Subordinated Convertible Notes Payable to Related Party (Details Narrative) link:presentationLink link:calculationLink link:definitionLink 00000038 - Disclosure - Secured Notes Payable - Summary of Long-Term Debt (Details) link:presentationLink link:calculationLink link:definitionLink 00000039 - Disclosure - Secured Notes Payable - Summary of Long-Term Debt (Details) (Parenthetical) link:presentationLink link:calculationLink link:definitionLink 00000040 - Disclosure - Long-Term Debt - Related Party (Details Narrative) link:presentationLink link:calculationLink link:definitionLink 00000041 - Disclosure - Long-Term Debt - Related Party - Schedule of Related Party Debt (Details) link:presentationLink link:calculationLink link:definitionLink 00000042 - Disclosure - Long-Term Debt - Related Party - Schedule of Related Party Debt (Details) (Parenthetical) link:presentationLink link:calculationLink link:definitionLink 00000043 - Disclosure - Capital Lease Obligations - Schedule of Future Minimum Lease Payments for Capital Lease Payments (Details) link:presentationLink link:calculationLink link:definitionLink 00000044 - Disclosure - Severance Payable (Details Narrative) link:presentationLink link:calculationLink link:definitionLink 00000045 - Disclosure - Commitments and Contingencies (Details Narrative) link:presentationLink link:calculationLink link:definitionLink 00000048 - Disclosure - Segment Information (Details Narrative) link:presentationLink link:calculationLink link:definitionLink 00000049 - Disclosure - Segment Information - Schedule of Segment Information (Details) link:presentationLink link:calculationLink link:definitionLink 00000050 - Disclosure - Unrestricted Net Assets (Details Narrative) link:presentationLink link:calculationLink link:definitionLink 00000051 - Disclosure - Unrestricted Net Assets - Condensed Balance Sheets of US Operations (Details) link:presentationLink link:calculationLink link:definitionLink 00000052 - Disclosure - Unrestricted Net Assets - Condensed Statement of Operations of US Operations (Details) link:presentationLink link:calculationLink link:definitionLink 00000053 - Disclosure - Unrestricted Net Assets - Condensed Statement of Cash Flows of US Operations (Details) link:presentationLink link:calculationLink link:definitionLink 00000054 - Disclosure - Subsequent Events (Details Narrative) link:presentationLink link:calculationLink link:definitionLink EX-101.CAL 8 menb-20160630_cal.xml XBRL CALCULATION FILE EX-101.DEF 9 menb-20160630_def.xml XBRL DEFINITION FILE EX-101.LAB 10 menb-20160630_lab.xml XBRL LABEL FILE Revolving Credit Facility [Member] Lender Name [Axis] Machinery And Equipment Term Loan [Member] Real Estate Term Loan [Member] Capital Expenditure Line Of Credit [Member] RBS [Member] One UBA Note [Member] Investment Type [Axis] North American Territory [Member] Statement, Operating Activities Segment [Axis] Foreign Territory [Member] MBFinancialBankNotes With 4% Prime Plus Interest Rate [Member] Debt Instrument [Axis] MBFinancialBankNotes With 3.5% Prime Plus Interest Rate [Member] MBC and Releta [Member] Legal Entity [Axis] Loan from Heineken UK Limited Notes With 5% Prime Plus Interest Rate [Member] HUK [Member] Related Party [Axis] Catamaran Services, Inc. [Member] GBP [Member] Currency [Axis] Catamaran Notes [Member] MB Financial Bank [Member] UBA [Member] 13 UBA Notes [Member] After Second Amendment [Member] Range [Axis] Borrowing From Catamaran [Member] UK [Member] Geographical [Axis] Minimum [Member] Maximum [Member] After Third Amendment [Member] After Fourth Amendment [Member] Santander Member [Member] July 20, 2016 [Member] Award Date [Axis] 7/22/16 [Member] Subsequent Event [Member] Subsequent Event Type [Axis] Wall Street Journal [Member] UBHL [Member] Severance Payable CEO [Member] Title of Individual [Axis] Severance Payable Long Term [Member] Severance Payable CFO [Member] Subordinated Convertible Notes Payable [Member] Document And Entity Information Entity Registrant Name Entity Central Index Key Document Type Document Period End Date Amendment Flag Current Fiscal Year End Date Entity Filer Category Entity Common Stock, Shares Outstanding Trading Symbol Document Fiscal Period Focus Document Fiscal Year Focus Statement of Financial Position [Abstract] ASSETS Current Assets Cash Accounts receivable, net Inventories Prepaid expenses Total Current Assets Property and Equipment, net Deposits and other assets Total Assets LIABILITIES AND STOCKHOLDERS' EQUITY Current Liabilities Secured lines of credit Accounts payable Accrued liabilities Notes payable to related party Subordinated convertible notes to related party Current maturities of secured notes payable Current maturities of long-term debt to related party Current maturities of obligations under capital leases Current maturities of severance payable Total Current Liabilities Long-Term Liabilities Capital lease obligations, less current maturities Severance payable Total Long-Term Liabilities Total Liabilities Commitments and contingencies Stockholders' Deficit Preferred stock, Series A, no par value, with liquidation preference of $1 per share; 10,000,000 shares authorized, 227,600 shares issued and outstanding Common stock, no par value 30,000,000 shares authorized, 12,611,133 shares issued and outstanding Accumulated other comprehensive income Accumulated deficit Total Stockholders' Deficit Total Liabilities and Stockholders' Deficit Preferred stock, no par value Preferred stock, Series A, liquidation preference per share Preferred stock, Series A, shares authorized Preferred stock, Series A, shares issued Preferred stock, Series A, shares outstanding Common stock, no par value Common stock, shares authorized Common stock, shares issued Common stock, shares outstanding Income Statement [Abstract] Sales Excise taxes Net sales Cost of goods sold Gross profit Operating expenses Marketing General and administrative Total operating expenses Income (loss) from operations Other income (expense) Other income Interest expense Total other expenses Loss before income taxes Provision for income taxes Net loss Foreign currency translation income (loss) Comprehensive loss Net loss per common share – Basic Diluted Weighted average common shares outstanding – Basic Diluted Statement of Cash Flows [Abstract] CASH FLOWS FROM OPERATING ACTIVITIES: Net loss Adjustments to reconcile net income (loss) to net cash used in operating activities: Depreciation and amortization Provision for doubtful accounts Changes in operating assets and liabilities: Interest accrued on notes payable to related parties Accrued severance payable Accounts receivable Inventories Prepaid expenses Deposits and other assets Accounts payable Accrued liabilities Net cash provided by operating activities CASH FLOWS FROM INVESTING ACTIVITIES: Purchases of property and equipment Proceeds from sale of fixed assets Net cash used in investing activities CASH FLOWS FROM FINANCING ACTIVITIES: Net repayment on lines of credit Borrowing on note payable Repayment on long-term debt Payments on obligations under long term leases Net cash used in financing activities EFFECT OF EXCHANGE RATE CHANGES ON CASH NET CHANGE IN CASH CASH, beginning of period CASH, end of period SUPPLEMENTARY CASH FLOW INFORMATION Cash paid during the period for: Income taxes Interest NON CASH INVESTING AND FINANCING ACTIVITIES Seller financed asset Accounting Policies [Abstract] Description of Operations and Summary of Significant Accounting Policies Liquidity And Management Plans Liquidity and Management Plans Inventory Disclosure [Abstract] Inventories Line of Credit Facility [Abstract] Secured Lines of Credit Debt Disclosure [Abstract] Notes Payable to Related Party Subordinated Convertible Notes Payable To Related Party Subordinated Convertible Notes Payable To Related Party Long-term Debt, Unclassified [Abstract] Secured Notes Payable Long-term Debt - Related Party Long-Term Debt - Related Party Capital Lease Obligations [Abstract] Capital Lease Obligations Severance Payable Severance Payable Commitments and Contingencies Disclosure [Abstract] Commitments and Contingencies Related Party Transactions [Abstract] Related-Party Transactions Segment Reporting [Abstract] EX-101.PRE 11 menb-20160630_pre.xml XBRL PRESENTATION FILE XML 12 R1.htm IDEA: XBRL DOCUMENT

Document and Entity Information - shares	6 Months Ended
Document and Entity Information - shares	Jun. 30, 2016	Aug. 12, 2016
Document And Entity Information
Entity Registrant Name	MENDOCINO BREWING CO INC
Entity Central Index Key	0000919134
Document Type	10-Q
Document Period End Date	Jun. 30, 2016
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Entity Filer Category	Smaller Reporting Company
Entity Common Stock, Shares Outstanding		12,611,133
Trading Symbol	MENB
Document Fiscal Period Focus	Q2
Document Fiscal Year Focus	2016

XML 13 R2.htm IDEA: XBRL DOCUMENT

Condensed Consolidated Balance Sheets - USD ($)	Jun. 30, 2016	Dec. 31, 2015
Current Assets
Cash	$ 102,400	$ 129,600
Accounts receivable, net	3,211,600	3,835,500
Inventories	1,345,300	1,547,000
Prepaid expenses	721,200	759,900
Total Current Assets	5,380,500	6,272,000
Property and Equipment, net	10,024,400	10,588,200
Deposits and other assets	194,300	175,800
Total Assets	15,599,200	17,036,000
Current Liabilities
Secured lines of credit	1,408,100	1,663,400
Accounts payable	4,033,500	4,489,000
Accrued liabilities	2,040,100	1,908,700
Notes payable to related party	2,575,200	2,119,600
Subordinated convertible notes to related party	3,727,900	3,680,100
Current maturities of secured notes payable	3,111,300	3,378,600
Current maturities of long-term debt to related party	220,700	491,500
Current maturities of obligations under capital leases	21,500	23,100
Current maturities of severance payable	127,300	119,700
Total Current Liabilities	17,265,600	17,873,700
Long-Term Liabilities
Capital lease obligations, less current maturities	62,700	79,200
Severance payable	721,200	678,400
Total Long-Term Liabilities	783,900	757,600
Total Liabilities	18,049,500	18,631,300
Commitments and contingencies
Stockholders' Deficit
Preferred stock, Series A, no par value, with liquidation preference of $1 per share; 10,000,000 shares authorized, 227,600 shares issued and outstanding	227,600	227,600
Common stock, no par value 30,000,000 shares authorized, 12,611,133 shares issued and outstanding	15,100,300	15,100,300
Accumulated other comprehensive income	480,400	472,400
Accumulated deficit	(18,258,600)	(17,395,600)
Total Stockholders' Deficit	(2,450,300)	(1,595,300)
Total Liabilities and Stockholders' Deficit	$ 15,599,200	$ 17,036,000

XML 14 R3.htm IDEA: XBRL DOCUMENT

Condensed Consolidated Balance Sheets (Parenthetical) - $ / shares	Jun. 30, 2016	Dec. 31, 2015
Statement of Financial Position [Abstract]
Preferred stock, no par value
Preferred stock, Series A, liquidation preference per share	$ 1	$ 1
Preferred stock, Series A, shares authorized	10,000,000	10,000,000
Preferred stock, Series A, shares issued	227,600	227,600
Preferred stock, Series A, shares outstanding	227,600	227,600
Common stock, no par value
Common stock, shares authorized	30,000,000	30,000,000
Common stock, shares issued	12,611,133	12,611,133
Common stock, shares outstanding	12,611,133	12,611,133

XML 15 R4.htm IDEA: XBRL DOCUMENT

Condensed Consolidated Statements of Operations and Comprehensive Income (Loss) (Unaudited) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Income Statement [Abstract]
Sales	$ 7,780,500	$ 8,264,800	$ 14,691,500	$ 15,072,100
Excise taxes	127,600	126,200	237,700	239,400
Net sales	7,652,900	8,138,600	14,453,800	14,832,700
Cost of goods sold	5,170,600	5,649,200	10,049,400	10,247,700
Gross profit	2,482,300	2,489,400	4,404,400	4,585,000
Operating expenses
Marketing	1,293,000	1,457,100	2,495,800	2,860,000
General and administrative	1,275,900	1,003,700	2,492,900	2,215,300
Total operating expenses	2,568,900	2,460,800	4,988,700	5,075,300
Income (loss) from operations	(86,600)	28,600	(584,300)	(490,300)
Other income (expense)
Other income	8,100	40,500	11,800	43,600
Interest expense	(145,800)	(154,800)	(288,900)	(309,100)
Total other expenses	(137,700)	(114,300)	(277,100)	(265,500)
Loss before income taxes	(224,300)	(85,700)	(861,400)	(755,800)
Provision for income taxes	1,600		1,600	3,800
Net loss	(225,900)	(85,700)	(863,000)	(759,600)
Foreign currency translation income (loss)	3,300	(30,000)	8,000	(2,900)
Comprehensive loss	$ (222,600)	$ (115,700)	$ (855,000)	$ (762,500)
Net loss per common share –
Basic	$ (0.02)	$ (0.01)	$ (0.07)	$ (0.06)
Diluted	$ (0.02)	$ (0.01)	$ (0.07)	$ (0.06)
Weighted average common shares outstanding –
Basic	12,611,133	12,611,133	12,611,133	12,611,133
Diluted	12,611,133	12,611,133	12,611,133	12,611,133

XML 16 R5.htm IDEA: XBRL DOCUMENT

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)	6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015
CASH FLOWS FROM OPERATING ACTIVITIES:
Net loss	$ (863,000)	$ (759,600)
Adjustments to reconcile net income (loss) to net cash used in operating activities:
Depreciation and amortization	571,200	581,400
Provision for doubtful accounts	(1,800)	(2,000)
Changes in operating assets and liabilities:
Interest accrued on notes payable to related parties	103,400	78,200
Accrued severance payable	50,400
Accounts receivable	339,000	957,000
Inventories	197,100	435,700
Prepaid expenses	(15,200)	(109,900)
Deposits and other assets	13,800	(37,700)
Accounts payable	(283,600)	(797,500)
Accrued liabilities	217,200	81,700
Net cash provided by operating activities	328,500	427,300
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchases of property and equipment	(97,700)	(339,700)
Proceeds from sale of fixed assets
Net cash used in investing activities	(97,700)	(339,700)
CASH FLOWS FROM FINANCING ACTIVITIES:
Net repayment on lines of credit	(161,300)	(88,000)
Borrowing on note payable	400,000	500,000
Repayment on long-term debt	(506,100)	(521,400)
Payments on obligations under long term leases	(10,400)	(2,700)
Net cash used in financing activities	(277,800)	(112,100)
EFFECT OF EXCHANGE RATE CHANGES ON CASH	19,800	900
NET CHANGE IN CASH	(27,200)	(23,600)
CASH, beginning of period	129,600	145,100
CASH, end of period	102,400	121,500
Cash paid during the period for:
Income taxes	1,600	3,800
Interest	185,500	230,900
NON CASH INVESTING AND FINANCING ACTIVITIES
Seller financed asset		$ 98,500

XML 17 R6.htm IDEA: XBRL DOCUMENT

Description of Operations and Summary of Significant Accounting Policies

6 Months Ended

Jun. 30, 2016

Accounting Policies [Abstract]

Description of Operations and Summary of Significant Accounting Policies

1. Description of Operations and Summary of Significant Accounting Policies

Description of Operations

Subsequent Events

Principles of Consolidation

Basis of Presentation and Organization

Operating results from the six months ended June 30, 2016 are not necessarily indicative of the results that may be expected for the year ending December 31, 2016 or any future period.

Reclassifications

Certain items in the financial statements for the prior year have been reclassified to conform to the current year presentation. These reclassifications had no effect on net income or equity.

SIGNIFICANT ACCOUNTING POLICIES

Cash and Cash Equivalents, Short and Long-Term Investments

For purposes of cash flows, the Company considers all highly liquid investments purchased with a maturity of three months or less to be cash equivalents.

Revenue Recognition

The Company recognizes revenue only when all of the following criteria have been met:

	●	Persuasive evidence of an arrangement exists;

	●	Delivery has occurred or services have been rendered;

	●	The fee for the arrangement is fixed or determinable; and

	●	Collectability is reasonably assured.

“Persuasive Evidence of an Arrangement” – The Company documents all terms of an arrangement in a written contract or purchase order signed by the customer prior to recognizing revenue.

Revenues from the Company’s brewpub and gift store are recognized when sales have been completed.

Allowance for Doubtful Accounts

Inventories

Deferred Financing Costs

Concentration of Credit Risks

Income Taxes

Basic and Diluted Earnings (Loss) per Share

	Three months ended						Six months ended
	6/30/2016			6/30/2015			6/30/2016			6/30/2015
Net loss	$	(225,900	)		(85,700	)	$	(863,000	)		(759,600	)
Weighted average common shares outstanding		12,611,133			12,611,133			12,611,133			12,611,133
Basic net loss per share	$	(0.02	)		(0.01	)	$	(0.07	)		(0.06	)
Interest expense on convertible notes	$	-			-		$	-			-
Loss for computing diluted net income per share	$	(225,900	)		(85,700	)	$	(863,000	)		(759,600	)
Incremental shares from assumed exercise of dilutive securities		-			-			-			-
Dilutive potential common shares		12,611,133			12,611,133			12,611,133			12,611,133
Diluted net loss per share	$	(0.02	)		(0.01	)	$	(0.07	)		(0.06	)

Foreign Currency Translation

Comprehensive Income (Loss)

Use of Estimates

Reportable Segments

Recent Accounting Pronouncements

XML 18 R7.htm IDEA: XBRL DOCUMENT

Liquidity and Management Plans

6 Months Ended

Jun. 30, 2016

Liquidity And Management Plans

Liquidity and Management Plans

2. Liquidity and Management Plans

MB Financial Credit and Security Agreement

RBS Facility

Santander Facility

UBHL

Catamaran Notes

Gordian Group

XML 19 R8.htm IDEA: XBRL DOCUMENT

Inventories

6 Months Ended

Jun. 30, 2016

Inventory Disclosure [Abstract]

Inventories

3. Inventories

Inventories are stated at the lower of average cost or market and consist of the following:

	June 30, 2016		December 31, 2015
Raw Materials	$	490,200	$	628,100
Beer-in-process		273,200		312,200
Finished Goods		519,000		541,400
Merchandise		62,900		65,300
TOTAL	$	1,345,300	$	1,547,000

XML 20 R9.htm IDEA: XBRL DOCUMENT

Secured Lines of Credit

6 Months Ended

Jun. 30, 2016

Line of Credit Facility [Abstract]

Secured Lines of Credit

4. Secured Lines of Credit

MB Financial Credit and Security Agreement

RBS Facility

On July 20, 2016, KBEL used the proceeds from the Invoice Discounting Facility provided by Santander to repay the entire amount owed on the RBS invoice discounting facility.

XML 21 R10.htm IDEA: XBRL DOCUMENT

Notes Payable to Related Party

6 Months Ended

Jun. 30, 2016

Debt Disclosure [Abstract]

Notes Payable to Related Party

5. Notes Payable to Related Party

XML 22 R11.htm IDEA: XBRL DOCUMENT

Subordinated Convertible Notes Payable To Related Party

6 Months Ended

Jun. 30, 2016

Subordinated Convertible Notes Payable To Related Party

Subordinated Convertible Notes Payable To Related Party

6. Subordinated Convertible Notes Payable to Related Party

XML 23 R12.htm IDEA: XBRL DOCUMENT

Secured Notes Payable

6 Months Ended

Jun. 30, 2016

Long-term Debt, Unclassified [Abstract]

Secured Notes Payable

7. Secured Notes Payable

Maturities of secured notes payable for succeeding years are as follows:

	June 30, 2016		December 31, 2015
Loan from MB Financial, payable in monthly installments of $12,300, plus interest (including default interest) at prime plus 4% (6% effective 7/22/16) with a balloon payment of approximately $2,165,600 in September 2016; secured by substantially all assets of Releta and MBC.	$	2,202,500	$	2,276,200

Loans from MB Financial, payable in monthly installments of $32,300 plus interest (including default interest) at prime plus 3.5% (6% effective 7/22/16) with a balloon payment of approximately $811,900 in September 2016; secured by substantially all assets of Releta and MBC.		908,800		1,102,400
		3,111,300		3,378,600

Less current maturities		3,111,300		3,378,600
	$	-	$	-

XML 24 R13.htm IDEA: XBRL DOCUMENT

Long-Term Debt - Related Party

6 Months Ended

Jun. 30, 2016

Long-term Debt - Related Party

Long-Term Debt - Related Party

8. Long-Term Debt – Related Party

	June 30, 2016		December 31, 2015
Loan from Heineken UK Limited, payable in quarterly installments of $119,400, plus interest at UK prime plus 5% maturing on October 9, 2016, secured by licensing rights pursuant to a Sub-License Agreement.	$	220,700	$	491,500

Less current maturities		220,700		491,500
	$	-	$	-

XML 25 R14.htm IDEA: XBRL DOCUMENT

Capital Lease Obligations

6 Months Ended

Jun. 30, 2016

Capital Lease Obligations [Abstract]

Capital Lease Obligations

9. Capital Lease Obligations

Six months Ending December 31, 2016	$	13,100
Year Ending December 31, 2017		26,300
Year Ending December 31, 2018		19,800
Year Ending December 31, 2019		19,800
Year Ending December 31, 2020		19,400
		98,400

Less amounts representing interest		(14,200	)
Present value of minimum lease payments		84,200

Less current maturities		(21,500	)
Non-current leases payable	$	62,700

XML 26 R15.htm IDEA: XBRL DOCUMENT

Severance Payable

6 Months Ended

Jun. 30, 2016

Severance Payable

Severance Payable

10. Severance Payable

XML 27 R16.htm IDEA: XBRL DOCUMENT

Commitments and Contingencies

6 Months Ended

Jun. 30, 2016

Commitments and Contingencies Disclosure [Abstract]

Commitments and Contingencies

11. Commitments and Contingencies

Purchase of raw materials

Legal

Operating Leases

XML 28 R17.htm IDEA: XBRL DOCUMENT

Related-Party Transactions

6 Months Ended

Jun. 30, 2016

Related-Party Transactions

12. Related-Party Transactions

The following table reflects the value of such transactions during the six months ended June 30, 2016 and 2015 and the balances outstanding as of June 30, 2016 and December 31, 2015.

TRANSACTIONS	June 30, 2016		June 30, 2015
Purchases from HUK	$	5,377,300	$	5,530,600
Expense reimbursement including interest to HUK	$	438,100	$	464,600
Interest expense related to UBA convertible notes	$	47,800	$	45,100
Interest expenses related to Catamaran notes	$	55,600	$	33,100
Borrowing from Catamaran	$	400,000	$	500,000

ACCOUNT BALANCES	June 30, 2016		Dec 31, 2015
Accounts payable and accrued liability to HUK	$	1,419,600	$	1,669,400
Notes payable to Catamaran	$	2,575,200	$	2,119,600
Notes payable to UBA	$	3,727,900	$	3,680,100

XML 29 R18.htm IDEA: XBRL DOCUMENT

Segment Information

6 Months Ended

Jun. 30, 2016

Segment Reporting [Abstract]

Segment Information

13. Segment Information

A summary of each segment is as follows:

Six months ended June 30, 2016

	North American Territory			Foreign Territory		Total

Net Sales	$	5,545,300		$	8,908,500	$	14,453,800
Operating Income (Loss)	$	(773,700	)	$	189,400	$	(584,300	)
Identifiable Assets	$	12,250,900		$	3,348,300	$	15,599,200
Depreciation & Amortization	$	339,300		$	231,900	$	571,200
Capital Expenditures	$	6,200		$	91,500	$	97,700

Six months ended June 30, 2015

	North American Territory			Foreign Territory		Total

Net Sales	$	5,540,200		$	9,292,500	$	14,832,700
Operating Income (loss)	$	(586,800	)	$	96,500	$	(490,300	)
Identifiable Assets	$	13,183,400		$	4,106,600	$	17,290,000
Depreciation & Amortization	$	336,700		$	244,700	$	581,400
Capital Expenditures	$	70,400		$	269,300	$	339,700

- Definition

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 34
-URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8981-108599

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 41
-URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e9038-108599

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 33
-URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8971-108599

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 12
-URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8595-108599

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8380-108599

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 32
-URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8933-108599

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 26
-URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8844-108599

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 35
-URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8984-108599

Reference 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 40
-URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e9031-108599

Reference 10: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 42
-URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e9054-108599

Reference 11: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 10
-URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8538-108599

Reference 12: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 29
-URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8864-108599

Reference 13: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 31
-URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8924-108599

Reference 14: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8906-108599

+ Details

XML 30 R19.htm IDEA: XBRL DOCUMENT

Unrestricted Net Assets

6 Months Ended

Jun. 30, 2016

Unrestricted Net Assets

Unrestricted Net Assets

14. Unrestricted Net Assets

Balance Sheets

	June 30, 2016			December 31, 2015
	(unaudited)
Balance Sheets

Assets
Cash and cash equivalents	$	102,100		$	61,300
Accounts receivable, net		1,321,700			1,121,300
Inventories		1,307,900			1,490,100
Other current assets		257,000			199,800
Total current assets		2,988,700			2,872,500

Investment in subsidiary		1,225,000			1,225,000
Property and equipment		9,067,900			9,378,500
Intercompany receivable		182,100			284,000
Other assets		194,300			175,800
Total assets	$	13,658,000		$	13,935,800

Liabilities
Line of credit	$	680,400		$	453,100
Accounts payable		2,575,000			2,640,400
Accrued liabilities		1,302,800			1,021,000
Note payable to related party		2,575,200			2,119,600
Subordinated convertible notes to related party		3,727,900			3,680,100
Current maturities of debt, leases and severance		3,246,200			3,505,900
Total current liabilities		14,107,500			13,420,100

Long-term capital leases		11,100			14,000
Severance payable		721,200			678,400
Total liabilities		14,839,800			14,112,500

Stockholders’ deficit
Common stock		15,100,300			15,100,300
Preferred stock		227,600			227,600
Accumulated deficit		(16,509,700	)		(15,504,600	)
Total stockholders’ deficit		(1,181,800	)		(176,700	)
Total liabilities and stockholders’ deficit	$	13,658,000		$	13,935,800

Statements of Operations

	Three months ended June 30						Six months ended June 30
	2016			2015			2016			2015
	(unaudited)			(unaudited)			(unaudited)			(unaudited)
Net sales	$	2,953,000		$	3,166,500		$	5,545,300		$	5,540,200
Cost of goods sold		(2,335,800	)		(2,471,300	)		(4,560,900	)		(4,593,900	)
Sales, marketing, and retail expenses		(289,900	)		(322,300	)		(581,400	)		(675,700	)
General and administrative expenses		(620,800	)		(380,600	)		(1,180,300	)		(860,700	)
Loss from operations		(293,500	)		(7,700	)		(777,300	)		(590,100	)

Other income		8,100			40,500			11,800			43,600
Interest expense		(120,300	)		(124,500	)		(238,000	)		(247,500	)
Provision for taxes		(1,600	)		-			(1,600	)		(3,800	)
Net loss	$	(407,300	)	$	(91,700	)	$	(1,005,100	)	$	(797,800	)

Statements of Cash Flows

	Six months ended June 30
	2016			2015
	(unaudited)			(unaudited)
Cash flows from operating activities	$	(412,000	)	$	113,900
Purchase of property and equipment		(6,200	)		(70,400	)
Net borrowing (repayment) on line of credit		227,300			(378,900	)
Borrowing on note payable		400,000			500,000
Repayment on long term debt		(267,300	)		(267,400	)
Payment on obligation under capital lease		(2,900	)		(2,700	)
Net change in payable to UBIUK		101,900			163,900
Decrease in cash		40,800			58,400
Cash, beginning of period		61,300			61,500
Cash, end of period	$	102,100		$	119,900

XML 31 R20.htm IDEA: XBRL DOCUMENT

Income Taxes

6 Months Ended

Jun. 30, 2016

Income Tax Disclosure [Abstract]

Income Taxes

15. Income Taxes

XML 32 R21.htm IDEA: XBRL DOCUMENT

Subsequent Events

6 Months Ended

Jun. 30, 2016

Subsequent Events [Abstract]

Subsequent Events

16. Subsequent Events

On July 20, 2016, KBEL used the proceeds from Invoice Discounting Facility provided by Santander to repay the entire amount owed on the RBS invoice discounting facility.

XML 33 R22.htm IDEA: XBRL DOCUMENT

Description of Operations and Summary of Significant Accounting Policies (Policies)

6 Months Ended

Jun. 30, 2016

Accounting Policies [Abstract]

Description of Operations

Subsequent Events

Principles of Consolidation

Basis of Presentation and Organization

Operating results from the six months ended June 30, 2016 are not necessarily indicative of the results that may be expected for the year ending December 31, 2016 or any future period.

Reclassifications

Certain items in the financial statements for the prior year have been reclassified to conform to the current year presentation. These reclassifications had no effect on net income or equity.

Cash and Cash Equivalents, Short and Long-Term Investments

For purposes of cash flows, the Company considers all highly liquid investments purchased with a maturity of three months or less to be cash equivalents.

Revenue Recognition

The Company recognizes revenue only when all of the following criteria have been met:

	●	Persuasive evidence of an arrangement exists;

	●	Delivery has occurred or services have been rendered;

	●	The fee for the arrangement is fixed or determinable; and

	●	Collectability is reasonably assured.

“Persuasive Evidence of an Arrangement” – The Company documents all terms of an arrangement in a written contract or purchase order signed by the customer prior to recognizing revenue.

Revenues from the Company’s brewpub and gift store are recognized when sales have been completed.

Allowance for Doubtful Accounts

Inventories

Deferred Financing Costs

Concentration of Credit Risks

Income Taxes

Basic and Diluted Earnings (Loss) per Share

	Three months ended						Six months ended
	6/30/2016			6/30/2015			6/30/2016			6/30/2015
Net loss	$	(225,900	)		(85,700	)	$	(863,000	)		(759,600	)
Weighted average common shares outstanding		12,611,133			12,611,133			12,611,133			12,611,133
Basic net loss per share	$	(0.02	)		(0.01	)	$	(0.07	)		(0.06	)
Interest expense on convertible notes	$	-			-		$	-			-
Loss for computing diluted net income per share	$	(225,900	)		(85,700	)	$	(863,000	)		(759,600	)
Incremental shares from assumed exercise of dilutive securities		-			-			-			-
Dilutive potential common shares		12,611,133			12,611,133			12,611,133			12,611,133
Diluted net loss per share	$	(0.02	)		(0.01	)	$	(0.07	)		(0.06	)

Foreign Currency Translation

Comprehensive Income (Loss)

Use of Estimates

Reportable Segments

Recent Accounting Pronouncements

XML 34 R23.htm IDEA: XBRL DOCUMENT

Description of Operations and Summary of Significant Accounting Policies (Tables)

6 Months Ended

Jun. 30, 2016

Accounting Policies [Abstract]

Schedule of Basic and Dilutive Net Loss Per Share

The computations of basic and dilutive net loss per share are as follows:

	Three months ended						Six months ended
	6/30/2016			6/30/2015			6/30/2016			6/30/2015
Net loss	$	(225,900	)		(85,700	)	$	(863,000	)		(759,600	)
Weighted average common shares outstanding		12,611,133			12,611,133			12,611,133			12,611,133
Basic net loss per share	$	(0.02	)		(0.01	)	$	(0.07	)		(0.06	)
Interest expense on convertible notes	$	-			-		$	-			-
Loss for computing diluted net income per share	$	(225,900	)		(85,700	)	$	(863,000	)		(759,600	)
Incremental shares from assumed exercise of dilutive securities		-			-			-			-
Dilutive potential common shares		12,611,133			12,611,133			12,611,133			12,611,133
Diluted net loss per share	$	(0.02	)		(0.01	)	$	(0.07	)		(0.06	)

XML 35 R24.htm IDEA: XBRL DOCUMENT

Inventories (Tables)

6 Months Ended

Jun. 30, 2016

Inventory Disclosure [Abstract]

Schedule of Inventories

Inventories are stated at the lower of average cost or market and consist of the following:

	June 30, 2016		December 31, 2015
Raw Materials	$	490,200	$	628,100
Beer-in-process		273,200		312,200
Finished Goods		519,000		541,400
Merchandise		62,900		65,300
TOTAL	$	1,345,300	$	1,547,000

XML 36 R25.htm IDEA: XBRL DOCUMENT

Secured Notes Payable (Tables)

6 Months Ended

Jun. 30, 2016

Long-term Debt, Unclassified [Abstract]

Summary of Long-term Debt

Maturities of secured notes payable for succeeding years are as follows:

	June 30, 2016		December 31, 2015
Loan from MB Financial, payable in monthly installments of $12,300, plus interest (including default interest) at prime plus 4% (6% effective 7/22/16) with a balloon payment of approximately $2,165,600 in September 2016; secured by substantially all assets of Releta and MBC.	$	2,202,500	$	2,276,200

Loans from MB Financial, payable in monthly installments of $32,300 plus interest (including default interest) at prime plus 3.5% (6% effective 7/22/16) with a balloon payment of approximately $811,900 in September 2016; secured by substantially all assets of Releta and MBC.		908,800		1,102,400
		3,111,300		3,378,600

Less current maturities		3,111,300		3,378,600
	$	-	$	-

XML 37 R26.htm IDEA: XBRL DOCUMENT

Long-Term Debt - Related Party (Tables)

6 Months Ended

Jun. 30, 2016

Long-term Debt - Related Party

Schedule of Related Party Debt

	June 30, 2016		December 31, 2015
Loan from Heineken UK Limited, payable in quarterly installments of $119,400, plus interest at UK prime plus 5% maturing on October 9, 2016, secured by licensing rights pursuant to a Sub-License Agreement.	$	220,700	$	491,500

Less current maturities		220,700		491,500
	$	-	$	-

XML 38 R27.htm IDEA: XBRL DOCUMENT

Capital Lease Obligations (Tables)

6 Months Ended

Jun. 30, 2016

Capital Lease Obligations [Abstract]

Schedule of Future Minimum Lease Payments for Capital Lease Payments

Six months Ending December 31, 2016	$	13,100
Year Ending December 31, 2017		26,300
Year Ending December 31, 2018		19,800
Year Ending December 31, 2019		19,800
Year Ending December 31, 2020		19,400
		98,400

Less amounts representing interest		(14,200	)
Present value of minimum lease payments		84,200

Less current maturities		(21,500	)
Non-current leases payable	$	62,700

XML 39 R28.htm IDEA: XBRL DOCUMENT

Related-Party Transactions (Tables)

6 Months Ended

Jun. 30, 2016

Schedule of Related-Party Transactions

The following table reflects the value of such transactions during the six months ended June 30, 2016 and 2015 and the balances outstanding as of June 30, 2016 and December 31, 2015.

TRANSACTIONS	June 30, 2016		June 30, 2015
Purchases from HUK	$	5,377,300	$	5,530,600
Expense reimbursement including interest to HUK	$	438,100	$	464,600
Interest expense related to UBA convertible notes	$	47,800	$	45,100
Interest expenses related to Catamaran notes	$	55,600	$	33,100
Borrowing from Catamaran	$	400,000	$	500,000

ACCOUNT BALANCES	June 30, 2016		Dec 31, 2015
Accounts payable and accrued liability to HUK	$	1,419,600	$	1,669,400
Notes payable to Catamaran	$	2,575,200	$	2,119,600
Notes payable to UBA	$	3,727,900	$	3,680,100

XML 40 R29.htm IDEA: XBRL DOCUMENT

Segment Information (Tables)

6 Months Ended

Jun. 30, 2016

Segment Reporting [Abstract]

Schedule of Segment Information

A summary of each segment is as follows:

Six months ended June 30, 2016

	North American Territory			Foreign Territory		Total

Net Sales	$	5,545,300		$	8,908,500	$	14,453,800
Operating Income (Loss)	$	(773,700	)	$	189,400	$	(584,300	)
Identifiable Assets	$	12,250,900		$	3,348,300	$	15,599,200
Depreciation & Amortization	$	339,300		$	231,900	$	571,200
Capital Expenditures	$	6,200		$	91,500	$	97,700

Six months ended June 30, 2015

	North American Territory			Foreign Territory		Total

Net Sales	$	5,540,200		$	9,292,500	$	14,832,700
Operating Income (loss)	$	(586,800	)	$	96,500	$	(490,300	)
Identifiable Assets	$	13,183,400		$	4,106,600	$	17,290,000
Depreciation & Amortization	$	336,700		$	244,700	$	581,400
Capital Expenditures	$	70,400		$	269,300	$	339,700

XML 41 R30.htm IDEA: XBRL DOCUMENT

Unrestricted Net Assets (Tables)

6 Months Ended

Jun. 30, 2016

Unrestricted Net Assets

Condensed Balance Sheets

Balance Sheets

	June 30, 2016			December 31, 2015
	(unaudited)
Balance Sheets

Assets
Cash and cash equivalents	$	102,100		$	61,300
Accounts receivable, net		1,321,700			1,121,300
Inventories		1,307,900			1,490,100
Other current assets		257,000			199,800
Total current assets		2,988,700			2,872,500

Investment in subsidiary		1,225,000			1,225,000
Property and equipment		9,067,900			9,378,500
Intercompany receivable		182,100			284,000
Other assets		194,300			175,800
Total assets	$	13,658,000		$	13,935,800

Liabilities
Line of credit	$	680,400		$	453,100
Accounts payable		2,575,000			2,640,400
Accrued liabilities		1,302,800			1,021,000
Note payable to related party		2,575,200			2,119,600
Subordinated convertible notes to related party		3,727,900			3,680,100
Current maturities of debt, leases and severance		3,246,200			3,505,900
Total current liabilities		14,107,500			13,420,100

Long-term capital leases		11,100			14,000
Severance payable		721,200			678,400
Total liabilities		14,839,800			14,112,500

Stockholders’ deficit
Common stock		15,100,300			15,100,300
Preferred stock		227,600			227,600
Accumulated deficit		(16,509,700	)		(15,504,600	)
Total stockholders’ deficit		(1,181,800	)		(176,700	)
Total liabilities and stockholders’ deficit	$	13,658,000		$	13,935,800

Condensed Statement of Operations

Statements of Operations

	Three months ended June 30						Six months ended June 30
	2016			2015			2016			2015
	(unaudited)			(unaudited)			(unaudited)			(unaudited)
Net sales	$	2,953,000		$	3,166,500		$	5,545,300		$	5,540,200
Cost of goods sold		(2,335,800	)		(2,471,300	)		(4,560,900	)		(4,593,900	)
Sales, marketing, and retail expenses		(289,900	)		(322,300	)		(581,400	)		(675,700	)
General and administrative expenses		(620,800	)		(380,600	)		(1,180,300	)		(860,700	)
Loss from operations		(293,500	)		(7,700	)		(777,300	)		(590,100	)

Other income		8,100			40,500			11,800			43,600
Interest expense		(120,300	)		(124,500	)		(238,000	)		(247,500	)
Provision for taxes		(1,600	)		-			(1,600	)		(3,800	)
Net loss	$	(407,300	)	$	(91,700	)	$	(1,005,100	)	$	(797,800	)

Condensed Statement of Cash Flows

Statements of Cash Flows

	Six months ended June 30
	2016			2015
	(unaudited)			(unaudited)
Cash flows from operating activities	$	(412,000	)	$	113,900
Purchase of property and equipment		(6,200	)		(70,400	)
Net borrowing (repayment) on line of credit		227,300			(378,900	)
Borrowing on note payable		400,000			500,000
Repayment on long term debt		(267,300	)		(267,400	)
Payment on obligation under capital lease		(2,900	)		(2,700	)
Net change in payable to UBIUK		101,900			163,900
Decrease in cash		40,800			58,400
Cash, beginning of period		61,300			61,500
Cash, end of period	$	102,100		$	119,900

XML 42 R31.htm IDEA: XBRL DOCUMENT

Description of Operations and Summary of Significant Accounting Policies (Details Narrative)	6 Months Ended
	Jun. 30, 2016 USD ($) Segment	Jun. 30, 2015 USD ($)	Dec. 31, 2015 USD ($)	Jun. 30, 2011 USD ($)
Deferred financing costs on borrowings				$ 225,000
Amortization of deferred financing costs charged to operations	$ 22,500	$ 22,500
Uncertain tax benfits
Number of business segments \| Segment	2
UK [Member]
Cash deposits	$ 300
Accounts receivable due from customers	$ 1,889,900

XML 43 R32.htm IDEA: XBRL DOCUMENT

Description of Operations and Summary of Significant Accounting Policies - Schedule of Basic and Dilutive Net Loss Per Share (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Accounting Policies [Abstract]
Net loss	$ (225,900)	$ (85,700)	$ (863,000)	$ (759,600)
Weighted average common shares outstanding	12,611,133	12,611,133	12,611,133	12,611,133
Basic net loss per share	$ (0.02)	$ (0.01)	$ (0.07)	$ (0.06)
Interest expense on convertible notes
Loss for computing diluted net income per share	$ (225,900)	$ (85,700)	$ (863,000)	$ (759,600)
Incremental shares from assumed exercise of dilutive securities
Dilutive potential common shares	12,611,133	12,611,133	12,611,133	12,611,133
Diluted net loss per share	$ (0.02)	$ (0.01)	$ (0.07)	$ (0.06)

XML 44 R33.htm IDEA: XBRL DOCUMENT

Liquidity and Management Plans (Details Narrative)	Jun. 30, 2016 USD ($) Segment	Jun. 20, 2016 USD ($)	Mar. 30, 2016 USD ($)	Mar. 14, 2016 USD ($)	Jun. 30, 2015 USD ($)	Feb. 05, 2015 USD ($)	Jan. 21, 2015 USD ($)	Aug. 20, 2014	Apr. 24, 2014 USD ($)	Jan. 22, 2014 USD ($)	Jun. 23, 2011 USD ($)	Jun. 23, 2011 USD ($)	Apr. 26, 2005 USD ($)	Jun. 30, 2016 GBP (£) Segment	Feb. 03, 2016 USD ($)	Dec. 31, 2015 USD ($)	Dec. 31, 2014 USD ($)	Apr. 18, 2014 Segment	Apr. 26, 2005 GBP (£)
Credit facility, maturity date												Jun. 23, 2016
Credit facility, agreement amount, prior to amendment											$ 10,000,000	$ 10,000,000
Tangible net worth - Actual	$ 3,262,900
Tangible net worth - Required	$ 6,181,400
Default interest rate in excess of regular rate	2.00%													2.00%
Reduction in advance rate against inventory each month								2.00%
Fixed charge coverage ratio - Required \| Segment	1.15													1.15				1.05
Fixed charges coverage ratio - Increased \| Segment																		1.10
Fixed charges coverage ratio - Calculated \| Segment	(0.65)													(0.65)
Additional interest per month	$ 9,000
Cash and cash equivalents	102,400				$ 121,500											$ 129,600	$ 145,100
Accumulated deficit	18,258,600															$ 17,395,600
Working capital deficit	$ 11,885,100
UBHL [Member]
Approved bridge loan from related parties															$ 1,000,000
Catamaran Services, Inc. [Member]
Proceeds from related party loan			$ 75,000	$ 325,000	$ 500,000	$ 500,000			$ 500,000	$ 500,000
GBP [Member]
Credit facility, agreement amount, prior to amendment \| £																			£ 1,750,000
Minimum [Member] \| Catamaran Services, Inc. [Member]
Additional interest rate above prime rate	1.50%													1.50%
Maximum [Member] \| Catamaran Services, Inc. [Member]
Maximum interest rate	10.00%													10.00%
Revolving Credit Facility [Member]
Revolver facility, agreement amount, prior to amendment											$ 4,119,000	4,119,000
Facility interest rate above prime lending rate											1.00%
Revolving Credit Facility [Member] \| After Second Amendment [Member]
Revolver facility, agreement amount							$ 2,500,000
Revolving Credit Facility [Member] \| After Third Amendment [Member]
Revolver facility, agreement amount		$ 1,250,000
Maturity date of credit agreement, description		June 23, 2016 to July 23, 2016
Revolving Credit Facility [Member] \| After Fourth Amendment [Member]
Maturity date of credit agreement, description	July 23, 2016 to September 21, 2016
Percentage of default interest	6.00%
Machinery And Equipment Term Loan [Member]
Tangible net worth - Actual											$ 1,934,000	1,934,000
Facility interest rate above prime lending rate											1.50%
Real Estate Term Loan [Member]
Real estate, agreement amount											$ 2,947,000	2,947,000
Facility interest rate above prime lending rate											2.00%
Capital Expenditure Line Of Credit [Member]
Capital expenditure, agreement amount											$ 1,000,000	$ 1,000,000
Facility interest rate above prime lending rate											1.50%
RBS [Member]
Credit facility, agreement amount, prior to amendment													$ 2,800,000
Facility interest rate above prime lending rate													1.38%
Percentage of prepayment against qualified accounts receivable													80.00%						80.00%
Percentage of service charge on each invoice discounted													0.10%						0.10%
Initial term of facility													1 year
Line of credit maximum limit	$ 727,700
Account receivables	$ 1,889,900
Santander Member [Member] \| July 20, 2016 [Member]
Percentage of service charge on each invoice discounted	2.10%													2.10%
Line of credit maximum limit	$ 2,306,000
Percentage of advance permitted upto qualified accounts receivable	85.00%													85.00%
Percentage of pay as breakage costs of review limit	3.00%													3.00%
Fixed service charge per month	$ 1,300
Santander Member [Member] \| July 20, 2016 [Member] \| GBP [Member]
Line of credit maximum limit \| £														£ 1,750,000
Fixed service charge per month \| £														£ 1,000

XML 45 R34.htm IDEA: XBRL DOCUMENT

Inventories - Schedule of Inventories (Details) - USD ($)	Jun. 30, 2016	Dec. 31, 2015
Inventory Disclosure [Abstract]
Raw Materials	$ 490,200	$ 628,100
Beer-in-process	273,200	312,200
Finished Goods	519,000	541,400
Merchandise	62,900	65,300
TOTAL	$ 1,345,300	$ 1,547,000

XML 46 R35.htm IDEA: XBRL DOCUMENT

Secured Lines of Credit (Details Narrative)		6 Months Ended
Secured Lines of Credit (Details Narrative)	Apr. 26, 2005 USD ($)	Jun. 30, 2016 USD ($)	Dec. 31, 2015 USD ($)	Jun. 23, 2011 USD ($)	Apr. 26, 2005 GBP (£)
Inventories		$ 1,345,300	$ 1,547,000
Maximum amount of facility				$ 10,000,000
GBP [Member]
Maximum amount of facility \| £					£ 1,750,000
MB Financial Bank [Member]
Facility interest rate above prime lending rate		3.00%
Line of credit, outstanding amount		$ 680,400
Account receivables		1,321,700
Inventories		$ 1,307,900
Facility expiration date		Sep. 21, 2016
RBS [Member]
Facility interest rate above prime lending rate	1.38%
Line of credit, outstanding amount		$ 727,700
Account receivables		$ 1,889,900
Maximum amount of facility	$ 2,800,000
Initial term of facility	1 year
Percentage of prepayment against qualified accounts receivable	80.00%				80.00%
Percentage of service charge on each invoice discounted	0.10%				0.10%

XML 47 R36.htm IDEA: XBRL DOCUMENT

Notes Payable to Related Party (Details Narrative) - Catamaran Services, Inc. [Member] - USD ($)	Mar. 30, 2016	Mar. 14, 2016	Feb. 05, 2015	Jan. 30, 2015	Apr. 24, 2014	Jan. 22, 2014	Jun. 30, 2016
Note payable to related party							$ 2,575,200
Interest accrued							$ 175,200
Proceeds from related party loan	$ 75,000	$ 325,000	$ 500,000	$ 500,000	$ 500,000	$ 500,000
Minimum [Member]
Additional interest rate above prime rate							1.50%
Maximum [Member]
Maximum interest rate							10.00%

XML 48 R37.htm IDEA: XBRL DOCUMENT

Subordinated Convertible Notes Payable to Related Party (Details Narrative) - USD ($)	Jun. 30, 2016	Dec. 31, 2015
Unsecured convertible notes	$ 3,727,900	$ 3,680,100
Accrued interest	$ 1,812,500	$ 1,764,700
13 UBA Notes [Member]
Debt instruments conversion price per share	$ 1.50
One UBA Note [Member]
Debt instruments conversion price per share	$ 1.44
Subordinated Convertible Notes Payable [Member]
Percentage of convertible notes interest, prime rate plus	1.50%
Percentage of convertible notes interest rate, maximum	10.00%

XML 49 R38.htm IDEA: XBRL DOCUMENT

Secured Notes Payable - Summary of Long-Term Debt (Details) - USD ($)	Jun. 30, 2016	Dec. 31, 2015
Long term debt, total	$ 3,111,300	$ 3,378,600
Less current maturities	3,111,300	3,378,600
Long-term debt non-current
MBFinancialBankNotes With 4% Prime Plus Interest Rate [Member]
Long term debt, total	2,202,500	2,276,200
MBFinancialBankNotes With 3.5% Prime Plus Interest Rate [Member]
Long term debt, total	$ 908,800	$ 1,102,400

XML 50 R39.htm IDEA: XBRL DOCUMENT

Secured Notes Payable - Summary of Long-Term Debt (Details) (Parenthetical) - USD ($)	6 Months Ended	12 Months Ended
	Jun. 30, 2016	Dec. 31, 2015
MBFinancialBankNotes With 4% Prime Plus Interest Rate [Member]
Loans payable in monthly installments	$ 12,300	$ 12,300
Loans payable, interest rate above prime rate	4.00%	4.00%
Balloon payment of loans	$ 2,165,600	$ 2,165,600
Debt instrument maturity date	Sep. 21, 2016	Sep. 21, 2016
MBFinancialBankNotes With 4% Prime Plus Interest Rate [Member] \| 7/22/16 [Member]
Loans payable, interest rate above prime rate	6.00%	6.00%
MBFinancialBankNotes With 3.5% Prime Plus Interest Rate [Member]
Loans payable in monthly installments	$ 32,300	$ 32,300
Loans payable, interest rate above prime rate	3.50%	3.50%
Balloon payment of loans	$ 811,900	$ 811,900
Debt instrument maturity date	Sep. 21, 2016	Sep. 21, 2016
MBFinancialBankNotes With 3.5% Prime Plus Interest Rate [Member] \| 7/22/16 [Member]
Loans payable, interest rate above prime rate	6.00%	6.00%

XML 51 R40.htm IDEA: XBRL DOCUMENT

Long-Term Debt - Related Party (Details Narrative) - HUK [Member] - GBP [Member]	Oct. 09, 2013 GBP (£)
Secured debt	£ 1,000,000
Repayment of secured loan by twelve equal quarterly installments	£ 83,333
Interest rate above Prime Rate	5.00%

XML 52 R41.htm IDEA: XBRL DOCUMENT

Long-Term Debt - Related Party - Schedule of Related Party Debt (Details) - USD ($)	Jun. 30, 2016	Dec. 31, 2015
Less current maturities	$ 220,700	$ 491,500
Loan from Heineken UK Limited Notes With 5% Prime Plus Interest Rate [Member]
Long term debt, total	220,700	491,500
Less current maturities	220,700	491,500
Non-current loan payable

XML 53 R42.htm IDEA: XBRL DOCUMENT

Long-Term Debt - Related Party - Schedule of Related Party Debt (Details) (Parenthetical) - Loan from Heineken UK Limited Notes With 5% Prime Plus Interest Rate [Member] - USD ($)	6 Months Ended	12 Months Ended
	Jun. 30, 2016	Dec. 31, 2015
Loans payable in quarterly installments	$ 119,400	$ 119,400
Interest rate above Prime Rate	5.00%	5.00%
Debt instrument maturity date	Oct. 09, 2016	Oct. 09, 2016

XML 54 R43.htm IDEA: XBRL DOCUMENT

Capital Lease Obligations - Schedule of Future Minimum Lease Payments for Capital Lease Payments (Details) - USD ($)	Jun. 30, 2016	Dec. 31, 2015
Capital Lease Obligations [Abstract]
Six months Ending December 31, 2016	$ 13,100
Year Ending December 31, 2017	26,300
Year Ending December 31, 2018	19,800
Year Ending December 31, 2019	19,800
Year Ending December 31, 2020	19,400
Capital lease future minimum payment due, total	98,400
Less amounts representing interest	(14,200)
Present value of minimum lease payments	84,200
Less current maturities	(21,500)	$ (23,100)
Non-current leases payable	$ 62,700	$ 79,200

XML 55 R44.htm IDEA: XBRL DOCUMENT

Severance Payable (Details Narrative)	6 Months Ended
Severance Payable (Details Narrative)	Jun. 30, 2016 USD ($) Segment
Severance Payable CEO [Member]
Number of times on average monthly base salary \| Segment	2.5
Number of monthly installments \| Segment	20
Severance payable \| $	$ 848,500
Current employment contract end date	Dec. 31, 2016
Severance Payable CFO [Member] \| Severance Payable Long Term [Member]
Estimated expense and liability due to severance payment \| $	$ 469,800

XML 56 R45.htm IDEA: XBRL DOCUMENT

Commitments and Contingencies (Details Narrative)	6 Months Ended
Commitments and Contingencies (Details Narrative)	Jun. 30, 2016 USD ($)
Commitments and Contingencies Disclosure [Abstract]
Demanded payment in legal dispute	$ 500,000
Operating lease expiration date	The leases expire at various dates between 2016 and 2020.

XML 57 R46.htm IDEA: XBRL DOCUMENT

Related-Party Transactions (Details Narrative)	Jun. 30, 2016
Related Party Transactions [Abstract]
Percentage of ownership interest	25.00%

XML 58 R47.htm IDEA: XBRL DOCUMENT

Related-Party Transactions - Schedule of Related-Party Transactions (Details) - USD ($)	6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015
HUK [Member]
Purchases from related party	$ 5,377,300	$ 5,530,600
Expense reimbursement including interest	438,100	464,600
Accounts payable and accrued liability	1,419,600	1,669,400
UBA [Member]
Interest expenses associated with related party notes	47,800	45,100
Notes payable including accrued interest	3,727,900	3,680,100
Catamaran Notes [Member]
Interest expenses associated with related party notes	55,600	33,100
Notes payable including accrued interest	2,575,200	2,119,600
Borrowing From Catamaran [Member]
Borrowing from Catamaran	$ 400,000	$ 500,000

XML 59 R48.htm IDEA: XBRL DOCUMENT

Segment Information (Details Narrative)	6 Months Ended
Segment Information (Details Narrative)	Jun. 30, 2016 Segment
Segment Reporting [Abstract]
Number of segments	2

XML 60 R49.htm IDEA: XBRL DOCUMENT

Segment Information - Schedule of Segment Information (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Net Sales			$ 14,453,800	$ 14,832,700
Operating Income (Loss)	$ (86,600)	$ 28,600	(584,300)	(490,300)
Identifiable Assets			15,599,200	17,290,000
Depreciation & Amortization			571,200	581,400
Capital Expenditures			97,700	339,700
North American Territory [Member]
Net Sales			5,545,300	5,540,200
Operating Income (Loss)			(773,700)	(586,800)
Identifiable Assets			12,250,900	13,183,400
Depreciation & Amortization			339,300	336,700
Capital Expenditures			6,200	70,400
Foreign Territory [Member]
Net Sales			8,908,500	9,292,500
Operating Income (Loss)			189,400	96,500
Identifiable Assets			3,348,300	4,106,600
Depreciation & Amortization			231,900	244,700
Capital Expenditures			$ 91,500	$ 269,300

XML 61 R50.htm IDEA: XBRL DOCUMENT

Unrestricted Net Assets (Details Narrative)	Jun. 30, 2016 USD ($)
Unrestricted Net Assets Details Narrative
Undistributed losses of UBIUK	$ 155,000
Minimum Retained Earning required for distributions and other payments to MBC from KBEL	$ 1,324,200

XML 62 R51.htm IDEA: XBRL DOCUMENT

Unrestricted Net Assets - Condensed Balance Sheets of US Operations (Details) - MBC and Releta [Member] - USD ($)	Jun. 30, 2016	Dec. 31, 2015
Cash and cash equivalents	$ 102,100	$ 61,300
Accounts receivable, net	1,321,700	1,121,300
Inventories	1,307,900	1,490,100
Other current assets	257,000	199,800
Total current assets	2,988,700	2,872,500
Investment in subsidiary	1,225,000	1,225,000
Property and equipment	9,067,900	9,378,500
Intercompany receivable	182,100	284,000
Other assets	194,300	175,800
Total assets	13,658,000	13,935,800
Line of credit	680,400	453,100
Accounts payable	2,575,000	2,640,400
Accrued liabilities	1,302,800	1,021,000
Note payable to related party	2,575,200	2,119,600
Subordinated convertible notes to related party	3,727,900	3,680,100
Current maturities of debt, leases and severance	3,246,200	3,505,900
Total current liabilities	14,107,500	13,420,100
Long-term capital leases	11,100	14,000
Severance payable	721,200	678,400
Total liabilities	14,839,800	14,112,500
Common stock	15,100,300	15,100,300
Preferred stock	227,600	227,600
Accumulated deficit	(16,509,700)	(15,504,600)
Total stockholders' deficit	(1,181,800)	(176,700)
Total liabilities and stockholders' deficit	$ 13,658,000	$ 13,935,800

XML 63 R52.htm IDEA: XBRL DOCUMENT

Unrestricted Net Assets - Condensed Statement of Operations of US Operations (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Unrestricted Net Assets - Condensed Statement Of Operations Of Us Operations Details
Net sales	$ 2,953,000	$ 3,166,500	$ 5,545,300	$ 5,540,200
Cost of goods sold	(2,335,800)	(2,471,300)	(4,560,900)	(4,593,900)
Sales, marketing, and retail expenses	(289,900)	(322,300)	(581,400)	(675,700)
General and administrative expenses	(620,800)	(380,600)	(1,180,300)	(860,700)
Loss from operations	(293,500)	(7,700)	(777,300)	(590,100)
Other income	8,100	40,500	11,800	43,600
Interest expense	(120,300)	(124,500)	(238,000)	(247,500)
Provision for taxes	(1,600)		(1,600)	(3,800)
Net loss	$ (407,300)	$ (91,700)	$ (1,005,100)	$ (797,800)

XML 64 R53.htm IDEA: XBRL DOCUMENT

Unrestricted Net Assets - Condensed Statement of Cash Flows of US Operations (Details) - USD ($)	6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015
Unrestricted Net Assets - Condensed Statement Of Operations Of Us Operations Details
Cash flows from operating activities	$ (412,000)	$ 113,900
Purchase of property and equipment	(6,200)	(70,400)
Net borrowing (repayment) on line of credit	227,300	(378,900)
Borrowing on note payable	400,000	500,000
Repayment on long term debt	(267,300)	(267,400)
Payment on obligation under capital lease	(2,900)	(2,700)
Net change in payable to UBIUK	101,900	163,900
Decrease in cash	40,800	58,400
Cash, beginning of period	61,300	61,500
Cash, end of period	$ 102,100	$ 119,900

XML 65 R54.htm IDEA: XBRL DOCUMENT

Subsequent Events (Details Narrative) - Subsequent Event [Member]	Jul. 22, 2016	Jul. 20, 2016 USD ($)	Jul. 20, 2016 GBP (£)
Wall Street Journal [Member]
Percentage of default interest rate	6.00%
Santander Member [Member]
Maximum revolving line of credit \| $		$ 2,306,000
Percentage of advance permitted upto qualified accounts receivable		85.00%	85.00%
Percentage of pay as breakage costs of review limit		3.00%	3.00%
Percentage of service charge on each invoice discounted		2.10%	2.10%
Fixed service charge per month \| $		$ 1,300
Santander Member [Member] \| GBP [Member]
Maximum revolving line of credit \| £			£ 1,750,000
Fixed service charge per month \| £			£ 1,000

EXCEL 66 Financial_Report.xlsx IDEA: XBRL DOCUMENT begin 644 Financial_Report.xlsx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Ȏ M>+50H*U 30PT6WJ_V.R*@(B WP)Z>Q&34/L>\2TD/^LMS4()(.'@@@+WRQD> M0,H@Y(W?!\W_EH%X&8_J3[%;7_V>6WA ^4?4KO7%9I34T/"3=*_8/\/0PBH( M'E#:^":'DW6H1@HEBG^D5>BX]NEDG0VT>4(^$/*)D*?"DU$L\Y$[7I4&>V([ M'F:WV'BX"2)>F?C:K&\[:IK8>%6>J^6Z*-DY"%UA$G$W8E83AGG]69/\VJ1( M)OD@<'MMHE,A67))H$46G^^=EK-.R\'I[BNG!%HO_?.]3S'K4PP^Z[G/EC"[ M$?/CDPF[F%/'C_"+FZ/0ENS1^9''R32(#KQ&=K.BI/47:THD-"Z$=SXVZ5]+ MB<-NO#G3]:W^ 5!+ P04 " !K= ])]#PYCML! !:!0 &0 'AL+W=O M[/.,5(Y2O6H.P"#G@3O]3;JC!DV M&.M#!X+J.SE ;Y^T4@EJ[%(=L1X4T,:;!,=I'!=84-9'5>GW[E55RI/AK(=[ MA?1)"*K^[(#+<1LET67C@1T[XS9P5>+9US !O6:R1PK:;?0YV=2%4WC!3P:C MOIHCQ[Z7\M$MOC?;*'8(P.%@7 *UPQEJX-P%V1?_GC+_O=(9K^>7]*^^6DN_ MIQIJR7^QQG06-HY0 RT]JVP=E_CL@IYI4J_9!4WZMJ*>%&268 NP2)$^I\@#11HH5B\H M>J]9!8J@2=-X%=^0U4&6KQ-R)7L3)UO$R::F).\'Y(L!>0@HUDN@1:@G?Z>> M(*OS#]5#%G'(K?9...3_<,B'<(I%G&)J[^(7%32[H"$W)/4K2<# 5\=@H$?X M0=61]1KMI;$GRG_XK90&;$1\1R+4V8MN7G!HC9NN[%R%LQ\61@Z7FVR^3JN_ M4$L#!!0 ( &MT#TEH'6-%Y $ "0% 9 >&PO=V]R:W-H965TKWOB_+%BB63[P'IM_4 M7%"L]%0TONP%X,J**/&C('CV*>Z8EV=V[57D&1\4Z1B\"B0'2K'X=P3"QX,7 M>O/"6]>TRBSX>>8ONJJCP&3'&1)0'[R7<%^DAK# [PY&>35&)ON)\W2AKA]7AV_VZ[U>E/6$+!R9^N4JT.&WBH M@AH/1+WQ\0=,+=B$)2?2_J)RD(K36>(ABC_!/%%\&P[=XU+HR)=D:Z&:F_D_44]DOEV3F/ M=W'FGXW1#1-9YNB8\#Y13"Z;=&%\G6 U1N2ME8BL0?2@Q$1\H4)\6R%QC<93 MH\EM#6:9C4OAF##<)4%P'RM6L;MQDM4XB8NSW:ZU[)CCS.SN,\5GYFZ0=#5( M.AD$#X),S"Y]$.0SXX+X5[N2@FCL:96HY -3;E,NJ\N%\!+977W!\ZS'#?S" MHNF81">N]-FP6[CF7($N'SRE'FKUE;5,"-3*##=Z+-PI=A/%^_E.6B[&_#]0 M2P,$% @ :W0/2<]&ULE95=;]L@&(7_"O)]B\'?D6.IS31M%Y.J7FS7-"&Q56P\(''W M[\=7LF1EKG<3 S[G/._KV%!/7+S*EE(%WGHVR'74*C6N()3;EO9$WO.1#OK. MGHN>*#T5!RA'0B%^/E/%I M':'HO/#<'5IE%F!3PXMOU_5TD!T?@*#[=?2 5AN$C<0JOG=TDE=C8(I_X?S5 M3+[NUE%L:J",;I6)(/IRHAO*F$G2Y)\^] _3&*_'Y_3/MEU=_@N1=,/9CVZG M6EUM'($=W9,C4\]\^D)]#YD)W'(F[2_8'J7B_=D2@9Z\N6LWV.OD[I2QMX4- MV!OPQ8#264/B# 3D",Q_S9::;DP(3H9Z&:D?DXV4]@G MU=2G)JGR&IY,T(T&6\VCT^!_*S9>D5TD4!<0K +?5N$6'[#UHPQ]')#\X5U3'Q M?1:!5I^*EPFC>V6&A1X+=TZXB>+C^=B[G+W-;U!+ P04 " !K= ])['*. M6/4! ".!0 &0 'AL+W=O;$!2-*+T47RTD .5H2HS%.DB)F M9!BCIK9[+Z*I^5G18807@>29,2+^M$#YO(O2Z+KQ.G2],AMQ4\<+[S@P&.7 M1R3@M(N>TFV[,0@+^#G +&_FR&3?<_YF%M^/NR@Q$8#"01D%HH<+/ .E1D@; M__::'Y:&>#N_JG^UI]7I]T3",Z>_AJ/J==@D0DF3#PM3,">@!<"KFQP9V1C?B&*-+7@,Y(3,=\N MW6JX,"):&>EL4A_;:@I[\*:^-%E2U/'%"-UA'+%UF'1!Q%H]:(&C$!U;.E[G MCP76]P*9R[CV&>Q1!#T*YY$F(8_2>3A,E55Y\@F?,NA3>I\T]%LX3'O%X,IEV5U:SQ.V!?)&ULC53);J,P&'X5RP]0 X&DB@A2TZIJ#Y6J'F;.#OPLJA=JF]!Y M^_$")!DA=3C@[=M^;)./4GWJ%L"@;\Z$/N#6F'Y/B"Y;X%3?R1Z$7:FEXM38 MH6J([A70RI,X(TD4;0FGG59'+P;!.P+M">N""U.N#(10 & MI7$*U#9G> 3&G) U_IHT+Y:.>-V?U9]]M3;]B6IXE.QW5YG6AHTPJJ"F S,? MW10J/V864 9-%[OG9 M)UOUR2:?W=K'#)CCC+G_QX1<[1X'U?A#JE$I!V'"YBVSRSUX\,>%7.!%WM,& MWJAJ.J'121I[AOQ6UU(:L/;17891:V_J,F!0&]?=V;X*AS<,C.SGJ[C\#XJ_ M4$L#!!0 ( &MT#TFJ0K5'A@$ #<# 9 >&PO=V]R:W-H965T$0 ? CISE1/O?8MX\,5;N:")MP 2 M=M8KY!H[8EKN[RZ=.[CV(DZ9.&_&C1TT=1B\R$_%.)WE[.2%;C"1N(R8;$ P MIWZW17;;8A1;9(&>3F;_"XQN!<918!0]9LD]CQ&S[#'IGR;LZE!:OH=WKO>B M,62+UIUO.(8*T8+32!XFE-3N%0^%A,KZ=.IR'2\V%A;;_ID._TKQ U!+ P04 M " !K= ])UT$T_X(" ("0 &0 'AL+W=O5ZU*!JC;5IU]^^V? M(Z.3RN"%E/J=[_Q.)>=0781\4P?.=?3>M;U:Q >MC_,D49L#[YAZ$D?>FU]V M0G9,FUNY3]11F_U!VXVDKI(A;MMTO%>-Z"/)=XOX&(KT?YI MMOI@:-,XVO(=.[7Z55Q^<*B!6L.-:)7[CC8GI45W#8FCCKW[:].[Z\7_4J80 M%@[ $("'@"%/.(! /D(<$>7>#)7US>F65U)<8G4D=E_&\V-7%H3XQR98I0Y M)^Z%>@H2?,;W4,@&@2B $1#B7(/ M!!I2HC"/EZU EF>31">T5 MA9L7@NY%\$CWNHI2^QGI7J"C]SJ/E-P,F([+O1N\*MJ(4Z]]\Q]VA^'^C.V M^K2_M$/?#:X/F[HZLCW_Q>2^Z56T%MJ,/S>E=D)H;M#2)QI'!_-:,MRT?*?M MLC!KZ0>UO]'B>'WO&%Y^ZO]02P,$% @ :W0/20AUO\RG 0 L0, !D M !X;"]W;W)K&ULA5/+;MLP$/P5@A\0RI+L H8L M($X1M(<"00[MF996$A&2JY"4E?Y]^9 5NS"0B[B[FIF=Y:.:T;S9 <"1#R6U M/=#!N7'/F&T&4-P^X C:_^G0*.Y\:GIF1P.\C20E69YE.Z:XT+2N8NW%U!5. M3@H-+X;822EN_AY!XGR@&WHIO(I^<*' ZHJMO%8HT%:@)@:Z WW<[(]E0$3 M;P&SO8I)\'Y"? O)S_9 LV !)#0N*'"_G.$)I Q"OO'[HOG9,A"OXXOZ\7Y!RPC;(-@@]+&+VDFZU!=*)0H_I%6H>,Z MIS]EMM#N$_*%D*^$/!E/C:+-[]SQNC(X$SOR<':;O8>;(.*5B?=F_=A1T\3! MZ^I?6[+7)ZCYXO+E:76_G8Q[/Y!->5R/O MX1&PO=V]R:W-H965TZ M+MI_2U')\R*&\67@5[D_J'X@R>?):+*?I7SI'WYL%S'H-8A*;%3OHM"75[$25=5[TI'_6J?O,7O#Z_N+]V]# MNEK^<]&)E:S^E%MUT&I!'&W%KCA5ZI<\?QO/:.;A@T,$O# M,#2-/!H$CD2B!3A5H-@5 0WFG@ K0S#LT?"ED_4G)Y,R\:U,8B8+V\EBMS&: M@6%&A6$@(11G $R#ZPN88<2NP$E)Q"F)6$G9=*2E8>ZR-/4)6AD,91-4:O*S MSFA&L(];6XYP@$.RH\[LJ,V.>P09!E+*.?(JLB!#'( 02:E34FHD$=\<&88R MZ!=DL0R2$#G,*8=9.= CQS"<,:\:0V',@U9CYE23637H:P?K# KR4)WC&'_)%] FJ59D"CH%@4#"L-"$"$*N%^5 M)3',<-!:A,@M"P44AX7T0O._OI%+@Q8D=+=LB ,*Q$*IOUPMQ4#8%+G[-;0- MFP1\A*"[*4(:4"06RCC(J#\K W+$$0W*R]T681I2)@:"&2=^38;C:9@B=V>$ M+*1&+EU/?X;]DJPW"&Z^HM.BW T29B$58B"$X1=E:SE"PBK$W7(A]U6(W=58 MB,.)Q63W-!9#*?_\T4^NMJ>U:/?#P:"+-O+4*+/A&D?'P\<#ZK>W'\:7<+:" MCO''_K R;(??W>?S8[$7/XMV7S9=]"R5WE0/>]^=E$IHR>!>3\Y!'Z?&ATKL M5'_+^EDS!PSSH.3Q"IL! "E P M&0 'AL+W=O6,5]:.V!N-$"[Q))25)2>D\4%QJW3=I[M6UC MCEX*#:\6N:-2W/[9@C33!A?XO/$F#H./&Z1MR,+KA +MA-'(0K_!WXOUED5$ M OP4,+F+&L7L.V/>8_/<;3"-$4#"WD<%'I83/("442@8_YXU_UE&XF5]5G], MTX;T.^[@PL ]Q&D:",0C87QDZ: M-@W>-J>6,=:04Q2ZPF3B-F,J5BP8$O1OFI37)E4V*6>3^FN!ZEJ 98%J%KB_ M3JD39I539DQ1UY32KWW831\V^ZS^XY,Q156R\I,1N3B"D1_@A=N#T [MC ^G MF3YZ;XR'H$/O:HR&<&>61D+O8[D*M&UL MC9A=CZ,V%(;_"N)^%Q]_ :-,I$Y657M1:;47[34S<29H^<@",]G^^QI\3#,K M<^*;!,AS[ =C7DQVUW[X/IZ-F9*?;=.-C^EYFBX/63:^G$U;C9_[B^GL+Z=^ M:*O)[@ZOV7@93'5?V"C__RF*7O<\-?6#XPCPYAF\3!R34BF16(&C! M/UI(9\%=??%+']W"Y,[",< X,+:-'1RF0=Q0FS8B:"/0)M2+=C(. <$A#]LX M[H <\#@?&?21SJ M*.28DND[,P@YD1=1(U0&A4H4$H208Z#8NM_1I\0K)J/&!UC09SD\"TE"""$H MI2"-/)>KJ$D-$%;"9%:*4@*\[_7<%RGER5)$:H63&CAJ:4H+0[A@DI;RC8FH M-()P7(,+69%31L+GT9W[S8-:?G#?=@I'-KB@%=0S!-;0Y@7M)&\>?3%.X=@& M%[:"GE%K<"M.2R$(4.HHJ7!X Z8W%=[(B)S?R28/VHD7-Z'"^0T^P,D9Y2#! MI;XS4 @JILHHJ7"&@P]Q>18A9,^7HI]X6N:T53G,N4(M:K"#$>:YIJ2"WK10.<^[REXP#9#Z! M5JRDUY@KJA23<5[A0.>X$-?4,@JA3P %W)E8GLQU'F453G2.B:Z#:RG_,J?O M+ES\^YPG@PN7[.:=]U*]FK^JX;7NQN2YG^SK\_*6>^K[R=B6V&>5)F=3'=>= MQIRF>3.WVX-[T7<[4W_Q_UNL?Y[L_P-02P,$% @ :W0/24 .V&0F P M@ P !D !X;"]W;W)K&ULC9===J>C.[L7.=/9B]YIJ5*9 7,#:_?>;CP-J&U)N1.)SWG/>?$R.\XMH M7MLCYYWW7I5UN_"/77>:!4&[/?(J;Q_%B=?RE[UHJKR3K\TA:$\-SW_/=4\6_"/&J7G[L%CY2-?"2;SLE MDJ/L3WJOS=/(M:/R_FEP1!F#V 0 9 H8\]H 0 M L)K0.0,B" @FIJ!0@#]D"$PWO7,K?,N7\X;Y(Z*\J "PEQ6P2.)CAR M.@0N9I1-,8B^UVDNU2!([W &"G=8,%"'G!*P- MI5;.90RTPGB*+8RLOO2PK-IU\H!YP,2]D;(K&+G]]2"1F]AI<0 C1B>YQ':7 M<"4S1ZX50 _XT[&ZUCO(4;\3NS=S *;8E@@L0F(<(C9T5 MN %[,,4C9P]NP)Z3FYV.;'BX WN2I>RSR^"FO:IX<]"-;>MMQ;GN3,,PC [- M\Y/NG3^,K_ LPY;QM6JV=3MWE5_.3_F!_\R;0U&WWHOH9%.H>[>]$!V7-:-' M.>%'^7=@>"GYOE-?F5H)TR";ETZ<^GY_^-.Q_ ]02P,$% @ :W0/2::V M]^"2 @ 7 D !D !X;"]W;W)K&ULC99;DYHP M%(#_"L.["PEW!YE1.YWVH3,[^] ^1XW"+!";1-W^^^8&ZFZ,O B$[YSS)9$D MY870=U9CS+V/KNW9PJ\Y/\Z#@&UKW"'V0HZX%V_VA':(BT=Z"-B18K1305T; MP#!,@PXUO5^5JNV55B4Y\;;I\2OUV*GK$/VWPBVY+'S@#PUOS:'FLB&HRF", MVS4=[EE#>H_B_<)?@OD:1!)1Q.\&7]C-O2?E-X2\RX>?NX4?2@?A#7YM>72_Z31Z:,'L - %P#!CKV ,B$Q!= M V+54VVF^O4-<525E%P\=D1RML%,":TUDT?,*T7T%W;B,="?2]'F"^#Y!K!/$ M9A0^2?:*R70W-#.+@?@RU4FUCV9F*;3;:&IM MJ"R,I]BD5IO4V,0.&\U F$5.'8W-HBR?-#J9U2ID M#AT#@1"XA08NG?9U 6!7&E:]W*5DH#!W&VDLR2=-&(!V(6B$"I>0AE+@_@N- M6#))*+(+F24U=ZQT*P.!$ +GBCAPH/@Z:<'-IM5A>E";.?.VY-1SO:&,K>.! M80GEIO>I?24/$FHSO*:IRB,ZX%^('IJ>>1O"Q9:J=KX](1P+M? E\;U:''7& MAQ;ON;S-Q#W5F[]^X.0XG&7& U7U'U!+ P04 " !K= ]):]IPTS8" "I M!P &0 'AL+W=O:MK2:47&!UMFW7[[LME.TO5' WSG_ T$H!LH^>$6( M\#[;IN-+OQ*B7P0!WU6DQ?R%]J237PZ4M5C(+CL&O&<$[[6H;0($0!*TN.[\ MLM!C;ZPLZ$DT=4?>F,=/;8O9WQ5IZ+#TH3\.O-?'2JB!H"R"BVY?MZ3C->T\ M1@Y+_Q4N-A I1!._:C+PJ[:GPF\I_5"='_NE#U0&TI"=4!98OLYD39I&.-T>W;_IZWMRP*=&O-/A.[%SB)7ACC9< M/[W=B0O:CA+?:_&G>=>=?@_F2Y):F5N K !=!#":%816$%X$",X*(BN(O@@" M,Q6]$!LL<%DP.GB\QVI[P(7$F3*1SIZ,B MD;-(9(NDCPUBIT%L#;+;E)UF4K/>AD$A2 CPLESD*)F2J:68[UR*33S.:> MF0R2.H.DUB";"3(R^4R0>V8R2.8,DAD#.!?$,BB>"7+/3 ;)G4%RNP?RF3U@ M&!@^LP$@<);1P[)._HP%=%O8WSJ'KJCJ -;_OJ%@&H.G-BQTGP#0' %A&,X6 M,Q2\KQ1)>_-2Z#%>;N?R'U!+ P04 " !K= ])9:62UTYT BO $ % 'AL M+W-H87)E9%-T&UL[;WK;AQ)DB[X>_PI @W5'@H(9C&3]ZJ9 BB* MJE*7;B-2T]L8G!_!S$@R2ID1V1&9HM@X/_8-#M#5F/-W@7D3/WRV=F_]PTRV15%G]:Y>?5JES^R^\.3D>_2S[. M9V7S+[^[72X7WWW[;3.^S>=9,Z@6>0E_F5;U/%O"/^N;;YM%G6>3YC;/E_/9 MMZ.]O:-OYUE1_NZ'?VZ*'_YY^?>GGQZNGK\^>O7B=/WE[\ MX?FK'Y/SU\GS5^<]HYW#]^ML!M^=Y!^3G_/[WDE>W2^BCPWW=O^U]X4W>5U4 MN+!)\C1;1N\JWCW?UA#U6>%;.\3L[AO9NJCDAR.<]F^/>W^:*JET5YDYQ7\T561@\J MC:OY'-CK/8X^E(]ARX=T&@[[=N^L:6"0Z*]9 M)F6^;#_WO/P U=U$1_M-W6^R(I)DG]3905[,2.>6&1 DFA> MJ^NJ!MZF)\85[ N<'WRQI&$VO:XK!_FXJFDZN+9&%EOZ4]GNU5E5WNPN\WJ> M3/+KY6=^O[J>%3#^S?*L@Z?Z5@'$H%/4LX*0%==L_@M< MU!4N:LU#Y_X4_26D\*NF2<;1)&,>VVK"6\U&'ETS71"AQ1+/%9\=X!T4O'DY MCA]&A>&[9I&-\W_Y'6@$35Y_R'_W0Q+-'\7Q;36##6O^6_(TGQ;C^(2 ?)CF M-7)7(]([1S&2G,'QKI!)D@_9; 5BYZY8WL(Y@=,_865B06_F2!_8W4?#!&0$ MZQ??)\.]=&^/_E\TCB1;+6]!0/TYGX!P'!VG1^Y/1=/@&22)T7]GR!TCL_3G MAG?LFJ^!0.>C:^?)C[IDVC= W962LY#H'PU/%=O?V@:+[H6A0NL"C:Y_$C48"M'__##Y1 MW)2B78SO$[1CFQF+K,*G7,>Q\XY$U]CZ39)W8SFE>#R3__J_?MU*17B2-<4X M^?1_1UI[,5LMXV/T!UC*+9[E#!6AFSSX:" 3.F; '_LL88&F$!C%U5VSG3 X M/[O\*7GVXO4?+I-G;U^_3%Z_N7A[=H6>@;/SJ^?_]OSJ^<7E=]%%/?EEU8C" M16HQ:%SC C5U('.P4_AG_.48I[7"N1>E=TY PI^I1GTD3SLF%-^W\\U?_=G&Y:>??K.KQ+=HM MR&L+W[;-U;;MV)MQGH/D)G&'$A[?G18?\7!TVK"OV@Q3@"W8/' YSYZ_.GMU MOF$Y^"4T\N]9-2LWV<1/JKJN[G BLNM]&_ 65:PHT8,Y6A&]CQ!3H_]E D8F4N$VET?Q ME'<'IZ> M[.-_S[-9 ;\MBRRE>8+D299WE2?>FM5U4TR*#,V$[Y*W^2Q?9J;]_>3%B_-D MY].O_&?X'(_VKBS(JH.GV\C9;HA"=K. &N,[1WP>OS+/9 M$O[%:@-1A;[6+/ VG(&T_?3KN,ZFRT]_-4U^HS8E/D)#S$F;'217^ O[*=1T M9M68+B4@[+OW17:;>O1E-LA@DM5-EEPN\, U:?(JOTO^6-7O>;AY]@M82$OB M$]+4#4X.EUH(12[I0\'.\:NR%32C1NZ]&?P+/@N?@?'N;HOQ+9!KDEQEQ2PY M@UNB:&C0Z2R[:6Z+!3]-U,\F$S*;4[/TQ@8:(PLUY/_!@T!?0T; :>HW6=OE M+P\24?%GP"2\$6"#W/(]QD2;9Y,\F11P_RYG]WR%+7W*&KCM[VXK( 80I&Z0 MJ2=H)A37JV55DXJ!6D@]H6N>'$$-,@SK&15ZU&?9'+%9UL\(K J:9 6UNZIS] M ?0%;T9G<]BD,8AON@*\TT;RPYTPV0?CGYT!2(&9RC9=TE\:P_-"/P!.3A@; M[.-QOE@2[X56MKNX/>5F0*P^.CTS'VS 1)+ !:).4D]3SD,.&@?AA H+6MEJ"Y00# M@%Z;+&[O&_1JPFFQW\[;&R&G@\[ & Q"4+]PUVCY\#6*790)$(^M,O_PR*ZJ MS'7["#_!3I)]1F]ER33/60V$K_R$,L_MM'';"T(8I(!L/;-5N9K"-M%N!WR. M=IG/OW U+#*ZGD-F0'DX)3\I[#4%:UNR"&9C2"6!E<"D9BMR/]CSVX"&V+OA MJ:RNKNYIRWF5UH!$&J9$5S"P0.+")5$#16I0)N!VM,1.@0+P793^O(&X=S-A MW&65PI5>E,WUJL;]2I.S9B*:U!6H<=4 %+_K!@PW7.'%![KS?(F4H_>4SGM. M?S2DL%1C.$%T%\F;,$N2*>(=)XA%@KX)I]O#%<+"N.%IBC]I:AWAC7-BD ;! M408D$0_0H*T JS3H0EF!IA!_K6&2+JJFH:AA9IT4M!GX4N?W\&"23@ ,,IY5 M#3 ,"N:BT?4CO]ZHY#*T_,9>''3&::VEZ##A(>E?(VB&XV5=E7+,%FB'UK+H M:3%#\6SE-85LR90S=*_J":'(5T..#Q!3EQ?G=*&_@2MR7"QF?-LZ9Q$^AOL[ M]MU'=G[&FQ^YO9!P\+0Z47 L56LQ2HU:S^Q^M[HKT9/AZ>&I:KVD9./%RI)\ M#L/72(B"3IDP&0V'BO>N_,;(UC:I>'391B%G8#9F6^,V^T!G'80%LUHFF]X^K1B(MCK^B8KQ7=$),!%T=>0S"OUDYFQ=;%UT\C?0ZN8%Q^3.3O4 MZ5)P!GN\Z7WALV,2*#%Y1 M2FXJ- M$Z(\"&XXI .50T!RD; A>4S61&_"V9[D"SQC0+#5@G<3!P@GN%H0H$+%3E#U+]I5JCL>$\-8/IW:+FE/JL!PY.&Q^YB0S(8KEOR0XM/ MPC>#[@H0W2 HX *%OS?H5A>Q-5_,0+%A,X)\ KC>!5&&96I,L_ND1 8*!LOY:+&AXCY13UY"L/-T1(0(-M1 M0HKZO6X.:S,#D(#C&5"=Y _OZ+DH>L!-L;D_,H!U<5DD.JO"89+87Y+$,#*KD\Q]?/7_V_/SL MU55R=G[^^MTK^>?WB^?GSBTL<'M9O)VI@2%\"CUU(IL4+&^2T[Q'8L.=T M1D$LL<\&=A2]CD"$#T6U:MC2006P\Q;KO[DB/H#WVVQP..# ',7OX0>#2$#0 M+G$_$?2)8^+?'![J.84\>,.?H5J[JD&S)8W.D+]_BC&^-#BJ*+*+"1E <&9O MP0Z!13'N0T(HHMU)$&>B=H[@N.Z9[<&65RK"APGP!00#SJ?OYF[FR,9@&,#9 M!':N8)>L>J4SJOGW?X;KM)9' Q=:EP_"%W,=WC//*7V)$500('!XP,10CDV. M]@[U_%JDC>E\C:[00<^,DV#&UCN(?@N";_*EW+!RW#>(77:%3C.P44O:&YD> MJQ@DT8#\J!Q[)WF>+[\S__6__B?B=<%8)=LR1Y$MJ#'TN]0UGAH2Z_E'H&'S M/;WQ%+1B$/OD4V)[C2YC=(+R+1@(#/2$Y!-^DW2;W&H,P1>*1J)V:,SG&)," MZL*]]#UN(;U]#NL!(:'2NT :9DV%3\DE@VKZIU_=BLQ%N*(S][U/?TT^_4= MUHE D9F_<0)-!R&09Y([H.(V!Y^AA4;E"M.NU.36J2J1+5Q$_EV MH5W$N2MMS4] V]<>;57#2'Y"VCY!VKYACW0^Z5@+#]/X;I!F[<<3-H;)Q6WL M1F8*:>!UHHPBPJ 5*+Z5Q@H&PM71=]$#AAK41#F%'"%*!!1XDQP)1-H?N6E% MF_:^7.?^P M=JZIFH![D'9H=CNW/U@MY(GF11L^8 >D&/ L9\)DRX%./ 9FZ M;];0CA2W;(Y'%4?)"]+!.KG9L&<0OVTY#/_1YB@^\;!A8XI4E/E-!9H-(3Y8 M@4*(1VYC,SZ'DF[/?C;0B5 %YVE/X=,&]07GN? NMP+EJVQOQZ@#BJVUSI]Y MZ\[?&9^_+E;DU:OV-][B%*\_)B86!!@>;1HU"931=J_O=^W)(\L _Y>?LB(1 M"(EA>3JJSD@:M$2#."YS="48,',JGS@836?D\C9K"S9PD%R@9"4AK6XWXGUO MZ^#69KV40 .>WZ@Q=CF*![@MT$][[X'\14L>),]1A68S1W8DB'W[+-2S44B! M>$&IO85HO7(WZ5;@I>X99?X=AG>D.""-'G5!D(I#UI%DZE\O**IFV9CG"O=) MP]H[S$6B*45IQ1J,>$L'#H\H&M$*10OF8\1_B)0 $EI].*B9J_X.*OT=!IA!K4:, W9BBNF2_;*BT5N M*4^* (= W$TL(A.OR#/4"TCG0;(^%3R3L7 @?Z,P(">^$7V+ [,1#(H&0R#- M7,0ZGDFQ<2A,JNM!2<@\)5:=VV;8\WGV'A<#>B ) H&O#+RS:9PF&JHY:A#2 M^I7+E;];[(Q!9HR(@%[G;F==RG?N5WSH=N^ .VY1B#6I663-TG<8VD-G74OZ M=FHM(L2P57/X%KN,)O 7HNH'DE6@;-0G+(@AUJN7 &(-P9#DLGI7C+)[A$7 MUJ @S[TCC[HY_*/W#.PAT1[D.# "' W3E 3R5%@D)$G&U+4OAU.NZZ;G?I^.,=VR1VZ M%2J1,^P\VI;W(T[, ( M0X[B//#.;+D4?\"*U#+>RHM8R+[I/P5(F M284;JEI#-9U&LU6;O&-:\>1C(. @\5+7@I_I=D)A.#%RE:$CDT/Z%HW:+-6W MFBV Z!^)T')>B[I9[A9E*C\!-= :N:TF*4IVEH_)CIXC]S=D$0IO/DZAP;Z(]@6J*Z;"H6A-;RRI8W>(3UN@&\;)O],W9E_6F5R M.-S@'+-JZ:IV\/866>5+G"=PY5*$@-(($$4EZ0G/+,@.P>F-_"^A/NGPJ+,/ M+PX/D(>SX-0JN@4\5"M.ZH.G=CH'E*;#7(,F\@>R'V$W,_*&TB6,D+_5;):2 MEVE5NO'L=\V89L?R90Z?F3A)K^-;_A))!^Q)%/"=B7;U;D5CMV[9E^3:0B0I ML ^: SEA1GO#(4N?1Z/1(>4<"?L1]&M%L0T[]XS4[L![ Y>B!P FX[MO/IWS M-_@=^'9ZN+?WT-C- (-H8TJ&UH^?T]$T;T&"-UY"#US#RUJ,5.0\LZB6.;D\ M87U68_1DR;+E!FM_1T0 W13$P0VZ;N&PDL<2'U"_4ML[0YYDTRDX+ITG%LG> MA;+H'Y<8:<*YJNI"0G![7A,%KK/RO?5?(B!,D2\_LX0E?0=O_3E>6FYU@Z0# M[$S?*P%PA=@MH1VK MMA').BC[/:ZTIMAV2F DH_OF;2H<7 T:H%(@ET"Y(G\A^Y2\*0CU$".6L"35 MZ]F/?TVG65$WT=N@"71@N"+8D7\#P.(>[<,)02T'-W[B)R4_&J8G)Z?I*?P= M[Y*._9JHO\QNCO% 7@H-ZSK= M^]0OAN,$%?>S5^7DFG=_#R/#D^W!/1(EH( M&16$SPW0_?>\[@R! 57MD]/Y"O'YVF;R1S,@"3ZC;(O:&">=A"V_4G" _%^ +T;RM J,PKB MX%LU8UPTKH,29+&8D6R&/Q-?RZ>%AXGJ^ ]B,Y!T%4+UNHC$2 ]OY&NV ]D% M1R;SLE9=;%"X\N298;XN:J653=,Q?QN(W#FP;IDF%KJ$ M2"LP] C& I8ANP,J0@/@0.C4T']F\C9[>2F]9HS:I?EE!:(69FYC61&*B>/I MX0HH]N"<+;H@U IS"A"VUJXGL$N$4E[-&"-Y5#9/E_VY\P6-=(W,!L=7KP1K_,A;JC0KK&SLY:=*$K0ZP._: M"6M\(R$BM#]U+4+CZG)1B+0GXY9 8+E)+@!)( K%-B3 ..7I 1.SW@8<<$>N M+Y?='U:&L,:PI[UX,23V;R##E)H$.)6@+,\YY3G TDL_2Y"F:NX4*$/J(B)N MLT:V*'X:3)("KR+:"KL<^I*G!MH5-Q;5E=C/H(JQJT\@XM33)W)9>^-YU8.2 M%!U5,W::',$B06V-<^\I+M'QQB$/W_* Y@T.^.FO,">XWA[3T6; U4=!^G1! M$$!PC%VG%%%+@!_*OP\5I)+5]\N6/F^. MOMW?^Y9T>?WI,.GXG;'YH8^2';1/4,5YG.R<'*;']!/\^N1HG\HDP*^/#T^I M",-C\X T3Z^6PJ8?S9,>!L-Y[ WV1C@)^.^09P8_'1V:PQD1CMT;A*=R3T+<-O=6;SJ8.> MWW2^]G,N"(*;[F>#9UX",N8KC#GR1B8 ;JC,"N$+;E)&4'F+)-I*$;IP,% MA'XDI@1S @4M9Z2!>Y]F,)E"G11_:_3Z(\!*WT MF*#E2EFBFXKD+XSK>CT$?2Y@@Z]TA8@:= M]3&,U,<(_Q9DJAO1JPC_$[M#K)AHA0*875B>(3]YJE725*MZK/9VYA6W481S MHL?2]+PJK#.=L?W03PZ91B.)/IH0Z(/DP4ID$7LA7O5&(M@\GKS6"0=G?#"& M]_$C#!IZ,$Y9,<(4\E()X()88"'D=F+DN<+;82%24-M\E.\5C"]+RWF)KDB/B=154,/'S0'U4%Z98.$>LRXH3)/,K#-UI MJAC%=+%8@:SINJ"Y,GPH-YAS1BCM[7E1-9H9ZH0^/X4+\-9]D.R**/? MPVW-2)+;,.N)=BW,NC+P%\O/DL1,F3T),PE?#XV H9, Z6/=1 1WZ)B(VI$4 MX$R=8)<(+$A7"J*P1[J>2)BD)67I#3Q*A.Z\[XQ02?B)D#=J3C0L!-RD<-R0 M%@A,7K(.@'+"Q[D=J0UKU8ZRUAI?1QN&=>'9V^<1(4M79Y3OZ MR^[>26H!G(R6%VA3PR+^W/K7=ZZJ!=@C1WM'C[_3["*0<6B*KIKDC.3FN8\/ M@5=<_5/YAN$J3?(2&%R/!<4"NB;"E>%>J.Z<\\W"0SR_Z@U6,,.CZ:E>ZC!" MW A75*6@=Q-+L'E%(&/X( MVL,$!:ML\(3K4_D'1]+7OP(_9GF:MJ''/2?:W*$T?XS5"%:%1\+=F^@%D79;WAS^;05 M T4=)LOXC6JJFW&PNW=*JLVNN M&QZ2 ^[8OQX=?]DHZ);- MYGRI@7L+ZS]C:0H^(P\XAZ\R#+3N7HXQ;?;Y'/?8RT-Z@P.@(S>Y@-MF4N ? M/OV5@JTB!V#A&IFE2*?QST-NLCB]:/#% MJ 0;0?@5Y>!P-,D;3+;I?_ILBZ='@R08WK1?2%X^\5P*$O:F:B'LH('/V.S_ MU\I2^W3VAK8.BI&,4$)GJJXGT0^_?";#MC[:ZP4MF>$*T.@"1T-@B3E3(@F]0E XO"*,/QQ>4O!E*P2E'2/R%6D!N M:US6U\-Y4[*E)'117(TE(_H,PU%3*DI5BVR-9DRR: M,>YST!'^8K7 63WRZN(*$$(J3&7)HX-T.#S%/R'2M9I]$*PA?TC,@+?T%R0C MUO_!6/;I_@$--P=-"P1[W2ID)F6WJJRDYT?IZ<$Q/8^A6;3EJ*(//&,(D,.0 M+1C6SE*J*).Z#TM'6Q.!S [6(5:E-2'<-K!OA3PQGLL;CH2P.&)7!>V 3A= M&Y^3/R"37"YKS(S_?;6J48U S(CXL1:S54.$KV\*DM?#P=[>-VFR<]TY^&;R M&(W8=JW8(^+GS>T0YT9FX+A[?K@=QMN.+_C:""E!)W%"=:ZNR2P#VJ>>(+]$ MQP;K&,2DP*I\0 EB1. C#6I.,PX]>;N*!$04?T5F-V@BI,WOC+[A !DJ.G.I M@H'FN-PPX1"DF=VAQUQ+1I#_CV&?ZT3DIJ7]?@6WX4@Z4LBJ4']"H*,J/L%, M7++$>CD@6[7-?AQ] P:_5=G:-"31B:/@)C>=ZR$R7"*>=Y*X1A$[V1Q+Z56B MR&-@\C'COD7AR28?V+90?1;]'_FLN.$4:K3D;^$;K ^3[9;=^34-Q/BCZXX\ M%O;=NZI^OUM@WG\%!&D:[V'0=4??L*E'SE.1"-Y46&58>5F)K2 ;.?HLZ Z= M%NCM9^MQVBI$I@9UT00CVOP7?TQ)E\D^9,5,@X/=HP;E5'QQY -3@F2:M4P* M&ON4ZW7(MVUZ ^5/2:$O@,I TMA!D4'%^'GQ0J-GN1,*<95 M-EQQ"Y3$@23UBL%M2UZ"\,>:-@9VYTX11Q@/,(*B_0VRB?E@IK;N/)IP,62<5BR"MF&HV+T-,;C'[@ M^8 EQ 7T2"FP'B+C2YL6N[&'N7?KC=MZBU]KC4!P?-Y:RPE=6V5W*B%-5((U M=<;5999W^>R#!-"M/8W2JY\_I Y@/_^TEUI[F2+^K'$;'6!3;QAVN1K!P_EY MYNTS.T!;0[Q$9;ZVX&=4/:K3#=%QC;Q^QU83@\ MLJ K^K.&\@3:$;&-UHRH,9X5JEJ@PR]9NOGCFM:X&GU;OZGL5V%R"3!I'SB9 M &#)%,M4-92";C$E\F7Z!L]&]]JXO5[SHMP=%MC/<5[GJR$=OS41VE)/MSJ1 M;34MGF)W*ID48)QC^J4H^$]%57A%OT4KBQP/P@2VUH2D'Q""@,6ZQ1_H6>+2 M?J:M;'(5+$%STJ?".&'['MP@V*D:VSJUT@#!X*[;7J,$5>)+=X]:E@1"[=*M+.OMF-&BC'^;7>,3T+GW(UE_5A4YR7='%1K$(." M\CD)-6%>DD/JJO]9[N$%18@(OMY0TFWUBT1X\6@QZ0E4:EQ>-_Q;",BVNSBA M><<$K'@P:,^3)SD)9\GP2!VXZ#K2.BTY)]&/Y_EU_4*8;NCP*_1*7[;'R9W*J<:S.Z-?],A ME&])-;N7:%\?XN_0SN;Z=PH?!8UPWQJ1RVV_ZAED..AP3P7NE>P]N@ M/S65;JD-E71<_M6T+:N#;24U>^U] 62Q,.TUVW-A9:9XI$;">ZD)"SN*T"'O M5S O]LRW/64BG*YNB[I+-FE.@>*T*]$H3:A1>D6IX$Y><;[E'"W>K3=8_2D= M-);WV4X2MP,ND^K]M&4/[E6Q%' IV[I?V]2EX+SYAYFZ:M69?Y"IFUA3U_PC M3-V(*.8?8>HF7::NB4Q=C YD)9]E0<>SSFXVZ^RQ.R=0).SO\9QN?96;:%0^ M(Q,Q1C^2E2/,(936_69-Q3F>R45-R87XKT":NN%)D'(TB;YAL,M9J5G;;=;V MO&!P=BB%E^(6LF_!R7G,>V*E\^:#@W7=C,/&9Y(C+'EHQ'E6=%#.'C*@-6%" MN]TJL:6G;K97+R7I0T_5%YU.'BNO^P]E\F:S?F>\TYA9U26[!I'\U8\GDSX^ MA.9O= B[_4V=?&E\WO_:%\0VOE"# **V2]R!W1#&1^5FZ!;C_;\G9(?#2D2O MB^XXVH.;*]>Q$DFC/SI*AR?#] "H MV34!FZXJU=;/A*4R;!4KS )#]!K5W! MU5GALIZW-BS$']?OP$V-OWE:^7B])G71'3[<^G ^JU:"_PU/9_OWVQY/P]9= M"XD2EOI4K%D5>Y%C'14_$\@=WK5HWBH!S(,E@'?@<8G.%3@:>ESV_ZY ; \1 M6,>MRFF!=0KIXI0RSU+912^/V#?77L-:5\7ZR(E%4MISK\9X?,:I6@MU>4S8 M%<6!-#YQZ U;%LL5=>P1M/2:*??Z3(7U%5%XEY%[E)3GB XNH"T:0Y?GK-L- M*0>\RX7!L#@ZWK18_KKM5D%!,@I7.1U$O*H,5,;K.6_6;Y*O2^L^\Z"VD(VK MX8EQ-@=]F65WF'05D]AJ"!,4;HNH&CB%GZ;(P'S##'C2YDTYR\SV)&6C8&G7#JW^,J]4@9# M9-@9*3>>TL1!IHI[@A2ZF/OD?8%-M(0=)7V%O\#'9(6E3<3DQ4IDVZZA]7E< M#L6J4:9HPAG7R^*E2N@LUD/DH@SPR](> -MP?+XJ MM2:P'U?0&Y4B"I,FB"=0)7-A6&'X0"4O-D@I3P3UM%Z*CCLI99B3:]7WS\?C MF&UWZVM? ZK!N PG@C#:P*X/,:2A19U1]P-%"04^$/9;\.,94]_8L^/AK_T" M-N81>V0P%.9Y&OTL8V\8N\]6:%"A=W)Y9,ZFE1IY7AET;XY!GQ?C*O&I:KBA MLKVM4[45'D3;3E5EAYX@%0.X%FARL\+^!LM8OI5;5_4=MP-LGE\DS19O8 M2.?H".F[!\K@6VS81+!B9*3+<;7$MEK4B4HX>D0M&FQ<8#<.M2>T79;+63O6]\,$Y&:0@WU!<1.A#][3;W(XNVJ0.S@O&@;E9Q&D0I@6+ 1*$^"9\>VJ(8X M0MC6D++,7,J"[F.75/SI+X8EO/1?L4-E=5TP05OQ;<2.[I]\PT*5C6386G)E MT .,\Y&L%K67X*V]P1 HJ+X<(;ZM].ZR!/B*]'P=E>"V0XQOK]':VO_CT3&6 M4:!"6'VM="2?UW#3*SC1<4\+K5EF4XR7V.,=I[>Y>!=F;.!QD_*$6 P$**97 M"I9_%ZJS+Y_N)NM$0+8Q*[V5%D'39_S-U=?@L3*Z)O @8O9 MF#I;Z>\8O-V%^42% G%F=,?"\'4>J#$B+W!![2WUS]/ ^[PO!;H6VPY14#E? MQMCGGKRFF]^-*L;M.G*0I/"\?7R,[!#&4HLZ[3&./I8GZ?[>$=V#H331L(;G MF0OYU<'EL60>R3!L2,2?80\IP>;F6#9S(NC\DT,Z,BH[U@H;Z:YFCS!5H+,^ MB: 7!8&9#$L CIS;2VL%DBE;2JDJZWN3,M^;Y(K?Y.+37VP)4)4P M>W18 #:= G T&/KRSS%A6PJRSRB6A2V]:ICN*S\1+[4TK+7S9!@KD6$#?M4O MHZKL8SPQY>5Y@\9*95,9WIA:YN8J,K8 QDU.J@6O%S!=[#Q57G]0_V[9.?7F#&K[3[LGH9UR@Q6E"DSQKI M+)F5\JB2)Y@!'99+5K_!J,+:QAV9V[)1E&-MG6J<@GFH(N6%'>>0R#LL=Z,7+=>*+^$!/.)8O9YJ/Y=4T"'J886 *E$]"8B! M00O'>;[%GC4N1W:):;L4]9BL1.V(5F ;#QBN56Z%S=+' 5!',&QEQ+W)*/22 M.6:E;Y^R0F%O:[0BUN[+M1 MX_FH:^&.'0439E68.;:,(;E=)/-XDW5# M4Y:=;=I#8_B4^LPV4DY"2@2F2=07#_.>I;6ST89Z[YZ<:<6.YUJF#K'K!1B, M^2Q-+@=GV$$O>9.5V3PKL8E>*TO2>XT5O7(BF8JW6O/*>//%4X&M#UUC>F_6 M4?6&\]NLP,H>>L]2\Z0I/_EOQ2X:]1>"L9=Q3'>\(HHZ\Y&*B43M&.=^D M$UNPVKYJBCCE_I?X@D47%O4#= 9WR[H64X#PHISQZ-(,K^MB]T$ M;C)[3ZE=2(H]S:5OS.=3Q^F<#XT(T?F'63$\;5Y %]_D?GN.CYR M94,?=#12M+)]*#596$$Q]3-6*:U3P(/JH[)E)1PLZ)'&6K4[EZ2FP$C8G!=Q M$.C>\W#3HP/%*[KI>M\5R#27>=_BN]8[TX![SEC_E9NZ9P)+" M!U_W^\W IH>+P7KH;83QOCYEY^]7_GS:YB;G/L8SVGTN\$TI&I M5Z.3>B[]-/J2U:5\?[384D78!M/SD]&-0O@)/VG& 3?DN#1A":0,/?]:DXC* MJKIA;+E1A_U?%C,CN@MF&=OHC:<T6.$NRC)M;F&_[](#GC-G+AK[' 14>",!>\E*AP) P8OFZ/),VZ?4X0 MEEQ2EIO,BWH;<+TO6P/.M5ALN;"YUV]\1;D4#>/Q\\/7EG@!;SU;V\S8/'C& M7MK5\$"ON,Y#,"VF&\XPK7F?>T%X9SBHL[_A1"/Q%DNG[X=PRDXB&D:G!U5 M38NJ;IWDP ;R MAE;8Z &VU7J\8I.NA.B&63@Y0%%3T^]"HF"EBP^Y3S$I.>:\U)).V(.%5"1' MM3%&O!K?<-6>$UYQ1;'/0CTOOJ,>%#;I4KRZ#0KS]14O6W68H]+9>%Q+73'3 MWA+/V@QY3=7"54FM;3S61FNX53T!G1Q8GYYL-,2G8O2!3:%\%^8P52BHV1D. M#H/R"LXEY@4[*\(D:EUKBEE4_%\YVAKS$<,'B..,%]B62UC$,^RBC7X:/S4X M-02@A1FBC]'B4X=[_IQ2QUC>N@MMC<-L1MI]ZW2")8G,3!&?8F*#_I*#;7L9 M+CI:<7Z/59*X/SAJ"M+;R^KF\8=08R#Y)VY6_ZHVE 7>?7%A96E%_6@SQ:^E M6'@1=]=*+](N>FE'@N@ZMX PI9_L Q:?=XT_&P&"*+CD1RQD"*/]6%>K!(NN<.!/J@MDV.?0 MMB"U+26*B_SC8D;-;S@+M9@JNH8,4E@XGHCP2A.R*B I\'[ MU*_WG 9C(%)3..,@GG^RHZU6='3[Y.$ZS7.YVR?NZ/ M7C/+><*H)!"Q;1.>,JFR79'_Q+:D5(E:^PQM;)N$&E>+H*VR8M1?\#)>*URO MEQ[F\ MGRV-[8FH@:)4!JAE:X@DI*V[IRM[$6X%88?KP+/?.7M!@IW.>-HQF M2VVG[D#GU)C&.7E:'=(]V-2J\0(?5;OE^I5?B+P@]!G5-4='2QI&0/S0AY/^ MY(7W?+GDAC];MN'KOF:)@8/^SF6H&@_W1@CEYH[07DUNM!W&!:O/PY-T='B" MW0O$!TEI*R3H1*0$3V-@_3 =[NT9:>@E!>)=-7_U-!C4X:C#M04$5[^D6),:^] \*Q>< M:L.R!R\GI[MK]6I7*+*@T!$?,.)@T+F*/^=TB5@!)P::=)[$7\(:,MAN4=#U M'L2>P!08(%U^57J5PCW]W=V:2:?L!^F6TD7;.:(M<+?A C::3:=V]T2Z>SW2U+ M,+22X4C,Q]ACC>&FG!IPDM-Y*9UG,SM\44Y)*#O'M-[71JOF2]U.%Y&Q\]X4 MEVG!$A\0F#%Q8";9.C##&M72(0\U6*6+OK[71M1)(P5QR%JVY:$E*FTB6>&= MR!D)'59[:73/]J8]\L%,GGJN#(JEF$DM<3Y2WY@S<'],;@BAK3@B38#3RO^M M"5'-)#I1414FK23/@:?+I;8%\'_[,TQT4LT9)$'-&03C[+06F1%WQ7N @;Q- M9,+;5M-G%8>1I9;E;2-2G-RQ)IA%3S[.9]\U(&CS?_G=0I(4?O?#_MH^QT83']?T.?9Z%DLZ*5E'"F!4 MS]%W)D331:W4'J9>9G7&'R?8("9\\.2HT/$W)BKUU=G M+^!#PW3_@'Y#/Q]*0=(VW2^E0MH+M!PHA$UV329MO:E5*AW(^$OUYM9-;U*/U-*'.#?_\2L'@GN%71W9NPXN;+L.)$G<_#BINOA!6W M2,ZKVX=@Q4&G6XK_;-UY? M?\R$^F.VGWZ*#LAM=)T?#@=AZTW3'EK^[/D%+%3%V&:?JLA$/@1G]*T->SLD M2@P-:6,U;-C7R.543EHQ2PZ=L41V?@8L1G!\2&J0U_&7PD/>?4J.%'[,!_'\ M!.HO*@EI\F(Y(929_ ;Q8:0S-%BMWE>5*R\6EY))Z6!7G#L_5]>QAS=+N:L1 M"RI2P0,(G*1[JFSC$0VW V8W&_41A*=\Z)L@JP8=(#,?7!8@TO ?3WV<6"L< MV M-ZWZ;O]\5_$#M^:N&=9//"NN:KQG679,9T!?6-6O"NG\SH$_@L_S[ WV2 M&.AC_JY GZ0-]#%_+Z!/$@!]S-\;Z.,#UP;F[P7T"6=LMICQUP3Z)![0Q_S= M@#Z)!_0Q?W^@3PO;]0\!^BA5M:Z/#_1Y*&(E^0+$BOD*B)6'0X7-;XB5WQ K MOR%6 L1*Y"A<73/D %=_[O6(#\V>JPUFS]$@Z1O)K#>@PO>\+O6&UQN'0[DN M7ZE.KKBQO6<%O7MRUF&3M/H!DCG0$5?42V0-X35UI%L M)'"?3',;8-^7OX2%4=$+F 5Z.4Y@8*=2-,?FBA?V*R8T?W )P@NTH,:U MA29RHA8ZT UBAC- MSRAW%99:SER9$<5_R<3.@#GF"ZJ)"/8^XAOXM#2RF<%\6>2.Y,^$!U/;AZ*<;4K%'=6X?'QUX+O#0QQ([ ;>00WVQ MI4"N1Y$ET!]WZ:BA1PSS!\3:CC;T>C;X='CQ7]>(T=Q%$2B QII^VC VYX=(AH MIO@\?K\^6M0;)DH>)1C19-:CGX^/*,+YPHF,AQ-KGXCU^;3:A^OZBZEU,AS2 M/?[U:'6Z=Y*>P(C#5,!G9C\=#KF8PGZZ?TQ(,_."@*:"PYD[WNYZ]E&RF^#_ M=YZ[*SUW\,!:M2T\I9N>/ADD=GA#+WSZC_"-!QRDGW(0T @G>_>SEDD*6 1L M)E!^ZLX3-3QE %_()E@ZX&>?&8 5F(H<;GD]7E8.F7V4^IL)MAU>IX@^XXJ' MX7T).NKN"WHD]TLZ MN/]DC8(A1@B$>A=Q/U27U.-[#=2F=?@B.MVC+<8-1U MQL7+X=.O/R'Q\"]Q"US\4UQ"AG[;43S&*"UL^TQRJ_RG2PB."+@OU[08<>BC MX,Y3;.[V[]^G_SP!/M[?'^SO8\=G0N1:I(DZ[4[#WK7!=ZA"(6Q::T,]>U[, M05PM.U##/RV2P37@?:.%'+SZGT3.YB)G^4D!8=.1#O[2*6MH7Y0V5 [.A MPT'RQL57"Z]PSL"\6W ABPNM+_G4UI=LV,/E GOQ5A.D%G^-GZ.]Q JGQ+#X M"!7)L%)N,6.T*\@SL8T,O)K2^UQ\TFM7IQ7QTJ P)%.RH[0\+8_!T[4KLH=. M?U=;M/0R%OBPY5&OFLY3UH)!EI/-A(DTEG/1L%Y0)<+7SHK?^L&'JBRG&,*B ML4P\EJ\CSLCQ9M35H'A5UV-W)3!A[_!S^3 M-;GSFFB99Z]H9#"&]:D)\BQ$'&/)Z)Z!.TW>ELYUZ4)-%WSDVM?%$4*<]@E6 M]4.T;4Q/Z&ATX2N#1.-CQTNL5#H[V$KQ]S>D+_(8'/#EFDJ) J="X, M#RCZ^=B\:1.RAX G!ZQ+]5PF.R.Z1&# 5U6YJP\P+UE)AZ TNG)B!1ZQ<2C< M>I3WX1YJW*V'VJCFC*$7AB](;%2663^L>_FL?65Y3\:7UDLP._^8-;?H1[P$ M$F+1#Z &4JV@? \JM'A;Y%-SP>5B09R\1FQO5ZN/H M/UW>EYB]^E;Z&5N$. M^3R#[@Q@!Z#V4"';G5A0=WWH<:K.U+Z!Y6KQ+7SW1WR-1H A M)GF&1=IWB@^/$;^@+FYTUWX(/]"JHJI>PO,,C<_M)W[KM6B@1)X96^0VX\ON M-0?#I;"SLC++(?>07D@\IKC&&0."6'M<_6AP2$[L)L'8C (YU6:@KC$-W,Z@ M)>QX]?TMOES4D)WAZ'$82T;?2#Y19XI/*BK)"VN=P^5;+ A2+]23;C@P*[8< M=Y##L5;$;LU )*P\]1B)A(DG[!&CC7-#V)PLWN(K[[M/49/8=BN^MYI;:JP3 MW ;$8@JKIU@\EEC2 Y.P]O<>J]Q%2(//^UVD3F)2FWY2-QZ1R4S$/ >YV!5WJI:_V6"XWJ@*6N"=&32^L8N,^+>6-[ILIQ:D4:!J:S M@X>_6DHV$]?/HY.#$_8.^55-7" CE)HXG:;BRGDFFU2+)0.GO,ZD>Z+\QT'0 M&'X23JM=+7/CE6'LG? R@].5?\":/O#.?59F<6X#70M>@HU<"QIXJ<$@!S:N MK+DUT@WLO#844Y-UW!5V#EO=%\F&^R)K71*&);R*^U#$%U\HX[,-@AWM@G^D M8!=I8_Y!@CVQ@MW\;01[UB7-DTB:FR^0Y@%W;BG1+8W-YTCTYQT?]LY $51C M#5B4LD$5DZ4@A7CMK30XCW6EE"=AKBRF"8[-_M&A'XQI17HTMITEL]5\D32@ M?VM$V,7J8T( @9$"/@U]CP FMLZR<=[/#ZP!2S,.&VI^/#!==Z(EY[;W8O*Y M]Z*)[L4'W6ENHG^'>XW@A7*WT=F3UH#^[6:G.+ZWE7QCIB)LVK(N;F[P5NH" M7J=^ZU2;$%AR)FJCF/"9[=V,OLF#([(@8Q=$-9\72]?WY-S.$>RY!SV\';IX M.!PDK6%,. Q<>^-;V2&_>1^:6S;M-4XNOLY9I%CO =5ZQNM#PC ?LIJ 6Y(! ME5,=UP($#5BOG*&&@P<(QGDV8]/NMEHPGX"\#>LWHM-O6LQF#=4TH%#WA#_I M5R=--%%Q(8N30(3.2=+44DZAU(=5R\-3D]4UUCYUM">/F/,0PLX;3B7#%BJ8 M"T_AKJBG:L HF?M$='.YO4V;.YRN#5GD:>"T/.LE+I5>X$V/BGE'?1II3$F8Q"H3Q9Y%H&UZ6? M>J'_58G?J E(XM$6X4;N #, R(W>D23K4T<*14CJ*B&A"-^+@*JES3>-YQQ, MQ\AT8'_A6IEI/9>NT4A+L/ ^RN^>(M^B(Y7%X-TD2KM[YZ\@0=,9RWLY2LH[$@!)C>$M=2 M*W6UP','HZQ<1V]*U,5_P/<,5NVP#FWI.$H60.C.@ M)>I87#^#*6PG[(DF=P%>YW!9P^T."_"[FQ!4UCAR'(GE(M?PNB&UR8!N%D.( MV!G.UR_PTUAK,B,29#6;%=-[44'-NK%3*;B#-07XE+@L1:]?>%8VE,E*I98I M2TJIQ*QL(R;$,"VB87T$F%_3>#)\PYR68+"5^3VF3DUS28_T>R$1'TJ)(,[1 M5F4"I="2:U0(FL4(])VQ7J[=N@9LALJ8M&7\3C[Q([)T9:_F 5@Z*A2@U90R M;!V64 %QH*KE.V(PK(DN"LV2L*4$,Z(<2;;.-."$-2C0F>P5*54TQ/.S"PXM ML3*7S'J^QFF^4H7<>JVYCB7EEP'/]!7$;7&Y\ M3[R$JZ#4PP)'#.^3VM 9\Q&:;I15S2-H=WJJGM"$$1T$%:&H(VO5%4?'9P&/&O'QQ(I5^%X/T=V,F<6Y7I 689 M7"58J_ZQNUV\'. "5L&\[T!I:&<)%&)^1T0K$!O6U@__A"3Y=.O!(9.\IL* M8:;33F(8)@:68PP&M3S#7$GF3R_+X5U,3GH+7^9.:"3,7&ANN:1.\;66H\G( M7$('"/\I%%H\6SD,'P@OCS I8(.:,O.6 KO@\78P2U"11+SOGW[MFA67.TM- M%],VRVH1+(_DWCQ[[Q<>T_KRG8A1'<]AZ=?4V=)F8?$DS3B#ZVZU(!+>YADA M"[RN'W(1BOS0A!)J)Y U#L^&,Z0G3K6>\)GT;'?UIH0OW#OR.:.C^_7EY,.3 MO"R$$=9L/&YN$FPN1U6Q4/6,,Y>:VZI>[G+4828MK.PFFVB3Z2A8+XDU@R>, MO,#I8$'G76R_[74"#>7Y-5XP'Z1=I[%'0HO/E"'WTW%53P+I3DQEZ==ID?X? MBINJYGZO?! #S1$;%ZRPQ8I*_)%"0X(RS"R9L^1E9:GX>Y5'(AO>@*TKRJ3( M7YN8Y6U/T6 U<"E9 *H3''9JYNGE'6(!_C%Z1L@!*=K7@KXO$^>6,*C5\G0* MZ[C&= ^L.+::6?40F<9S5PEWME6B(VI B,FPJT:ZE!/>=0(W=S$S<6;QN7C* MW^9<2JA,GF%=^I/=GX58/4PJL$C[(2O6;%_&8-N-W-'+VPX&*-PZJ;9)7TKYL!^*R8J@<%7MO)TWV*^: MLZK:V3WF0=D]*+HV9/.\MJ607G @W"> X"QZ2B>1>H#A @4%%V*-J.- 4T1Q M0V<*FL,4E')WC,),:P?JB *?T$V2.T4FP94AT$VHPT_(P%0[QB)S"6U /G?M M?U/5"J*W%3717V&- 7+C[2ZK72E87 $Q/S"&GLO(H742>0_TYB.'%Y8?M$:F M;'ZC<[=E VD6.=4)K'.2]XRCXZ>H& /G\TD])UL736C@KTA[A#8,[@H0*YAH M1#TZ2T2E6$>DK5_A_.LZ!JN@R-TW,,>:6!)3_SB3MJI9-S">2H5E#F%?W]3( M *#:YA_3KNQ;G9+]%&IG396&COW&^ZRXIH+CLZ2L)>-2>IO0%T85L7(J:I0L MLX\Y_5$K/BK:JL#=U&:>[2*?AD#FREIM3G1N6) 3B]4U#7%33)>H9C%@_]W[ M(KL-LL'L"SG[O)W%>HD&<763)9>8 087H-%JG19?CX?_>E7,M'PKCH70,W*! M:8J5XIV82>P8,^D=*]7#LA;WRV(0[>8RNPVR_"ZEC; SKE';R+HO(HD<^6L% MUKK+.4I>L;[(61MF,_E//A0T-AP-DN"[)AC-%VSXE?0B0^E%TOL,;TO4^QJP$[&J*1TR?\J*1$V35I>5 M*,%9=""IW<2AY#DI*=CV+P<)5Z+V6S@4*OIR!.3FDF2HD$:=3VB9?C3T0&-81&TN1W,^F4Q^21.MH-WCPG;#C]P"=3V&(%SMYW." O@Q(1' MR3Y#_9YH7;!V\4KX@&"1X27^R9R=G[]^]^HJ>7+VXNS5^46;ED!YAST_TR(V MMD%Y.;&Q)!?%L=09I@?#4YG;,#TZ8M1?5)3%GZ K=((_#_GU^!6D)*S7)@SB MSYHM&(/UV-)XCAZ/.:FZC@V4>\'SL>O.^T(PE6UKA"A%*!AE7M M._1%W/ M\^D_Z)R\JJ2+.XJ@$D.BH+UBM2T]2,_8R^3^$L4O_!JDY?I!M1X. MY@# ]3T8-3B+2161U_^T7"*D MYW$D#*=Z=POB]'X7R]E,C-4K[H%IGPO6G'ZB K_>HXGW*/>C[MP-G)3;!7$\ M6&+C$UC39#=YW;LDK!!"A:KK>RW$980/R>7F,,?)Y5HQ M;WH9*_IF') 0WYV#Q'_"M M'-$]A?\X/9)7=[""YUH"PZ5TLB_;<0 2^DAOA&.8 5]"VQ#X2-*$1@<'\M/A M"9?\["'P\9Y\='2DFX/;U(7G?E?B=0L4Q:.,!./9;R?Z#P:)_[YQ[[<%<<]I M3UD>I*0)8CE8.F]O&9!/TCO,_@0WAE2/IEB63:(Y3?>.>):GE$%YJ&KJ."C;14=_>,*T&8'H MW;.KD0D.3UD>8Z$ZMXK,DQ9'AR>BH\(_3O?YL1<.2V%>A.P-6W"B1QWOB:&_ M&ZHSLEZY1W0Y.J#'\:% <]7=&$FFZ=Z(DO=(^^QK+G#O::Q.7^VKR)%T5N2X M]Q19J\::\SAII9I2B"]5)Q%A2BPL:S\='?"EL@_;$/MSYXLG_*I(5O<\J] MN41C6 H$?OJ+]H3 "M^N$L>0K"+F&OLCJC;3G/IR\U,CH"!>+/)?W-VH,<7. M$*^M4]$3=O"*WR.S#6XOGG'3.1]X%"ZQH=Q^.\-COHP>=RR3]J1[D%[N9LB' MIG?J%8S^^RORS'2I [UZ I669%O;_N0+NV2+G^D.:T1I )$"IVI/%*3AD=[\ MOKIF%0O8.:Y$>4/5N1L@0K(S2O=EH8_Q'P?'G(L-_SA(#X]8^>)_G.[S/PQI M+*E3=+4]-L93G%F\,Y(*J_#V_FBDHXIB@#\>P=GDK?J1G8ILLT[0%4G=7@CV M:L<[@G,@\]P_V6/.X,W?T\%/CO9D1%0]HRX/.Z/3?U8G TX-Q;Q M\#J+Q8*U+'8C WI0#*G'>QW>Q1VAB,[FR%FTX1^G0ZM>[Z!BQ4"QF9 M+M!G>#N;S=S:QZ,\RA1'"8A-%5!A^_C8X6Q!I.RI 3 D1C(^1'/1?;/ML,S$ M7>);A&E@BZLG.S;Y&*N-M94K%#=(HQV\%9EWG?^ED@IG*B75_:+.E[C)'P*RY+&M-3"R'/FX*& MZ7"/+9?A$=/N:>@%:W2)WXBX?GHC6W=QZCD6B,"<3L$:$_SFTSTE:GCSA MZT]X9YYVZ.1B?EPAR_;_;4LL[^% S!E#XTD. /4@."J&0+\ML27=-\8D4A3W8&%_I,TP>H,M+2*]CWV'4-^;D# M1-:@TYA[,F1<6D!:@V$@&95SCKS$B%.T570YQEN.C4UEI0^7M8'4,>A#& GE MWW01A()L%(*?%>_1(T_(%:GZA@$BJKBML>K['.L0YV4R1U#RTP2=Q3CFHEQ@$S>=4PG;!%;SRCUD[12Y&\E@ML[XMJH:QG+B9< TE/E2 M%5)*3>%OR8D) BG(#TNQI:ER_3V\=9?5$XWA54WN#S)(?I(\(@;-T5==Q-8" M>6 ^DU]6S=):RHS\]CX0?CMN:!5 "6!L7CU=>%15@T]QP %=A0<;A,K 2JG\ M120EHP?624BN/]AZ/BH[3ZX T\Y#)$61\P;]?'4RX5UY>2R<,AMC_,S^CJ)H M L-<5[ >GC-Q*18W=%=!EKCA ]Q*1W3]ANT>YL!\&)6NXH(!-\FW\H MX#A1J1V;;Y]-/G 8R[E%5@NQHIM#4&OWVO#H<;LVQ"J3W@^26OGP2TJFLX6%:/!T"\YXSBH MW:>"VDF:N%M%BZ=8T]F1,C]N5)A\Q=GY(*#PMY8U5 MTJ1B;:4UL 5Q"8_;:NVV"*'53T;647Q%\9]P?L8*"XXM^>5$%<6P%D#'=:>( MDONB&L%ZXYX]TC&*S0K^FIY00V?/Y6FN_Z!0<[NF3FNKW_D4,6XGZ4B,JQ)3 M(AH?1ZP5K2SLYH,8NW;H+=<07>=/*4775FQV3B >P(7G+CT51_RG)_NM3 %.8<3NTL:7_%C@HK21I0X^6O[/;)1.&>3"O[6 M$D>?H2VBF: **:/NQE3"^].O%%3_]%<;B96C2$-H N65195I6>=-T? 8;]:* MAMM*_(CX0@,L.= 86:AQE444GD!U2N6;TGN"W M)$6UEHP8;D@SNW=X9$M90SIG!<0 @M0$[K4!-.F)@_=R/2'Q0(HA&S9(<-R1 M&4'E!XK."IMOJH))C-<5%Z1:4;?P6E^OC=@) #NYZTU24YDN@';L10:O8H()G M5.3:FU$(D/1.&X<0[ F3?3#^V4$(L&VI&&3)X[PH?@"3$\;>D28FFN#N'O@Q MQSY.]X\YR1D43:K%*:7_G*Q@.&5<.)6Z8K'@-U=: 8'K%DD3PA W>6(/%.=' MA$>JEU7056 E/.H?&<*2E]);TR=+:F;%GU857Q8402R+G'K1(<:XO6$B2& # MT%2@W U^#:Y/=M(P =EBM%6U%[?WC=B+#G30W@@M-T!&BFM02,NGI%8R]Q#P M-VT!OW175>:Z?>3&+NR*YIRJ:2[5-Q@\J.UJ#*/;=7NQG7V=R]8S6Y6K*18> MJ/-)R.?YI%VQG2M_Y"UF0'E(/4"P;A7E8+8N'US9K:2;NPJ<]OQB2^G>#4\U M5;"ZIRWG55J_.Z.\_!;$9&9*E,L2.S56@76-%)PS*H4KO2B;ZU6-^Y4F9\U$ M-*DK4..JS7ZCL)Z\9NN;N'9"X]X4#3SLD*@6@U9P$-DLC@IQ!WCM<%RPB!2* MIL%H/#GV&'5NUO<*+6/>&M3(N; MDI=8_1.,Z+'Y%=W8)X)R>K6^Z8;F*\%F.Q5T7+525"G%^'?E-T:!Y*3;V1I; M 4S=Z[6!QX;<8!'%GF"Y*IRU5!AUA=5>US=9*5"TK=XR[;>XA>E8IHR[;..; M9JS(J!Y"^RQDS80MP?9NX9;38E759,Z(7#A><-S/18]="2YN[8PI30^9>W.K M??3 _)^(SO++JJ0][L_D6Z%T M2_=Y.$X*\,5[ @6KW_+0380@<]9"]:%LS*+NWYB3G!,Z+HA.^%07@UV:E43U MT21LTBE4J(F*]@^QQ7,[6RQQGS5;RP:$QTO[+_2PZU&]UC*$KNFG5OR("A1* M'DPEG\=B$2R)A54+3M^\(8N2:$9981BVCX'JVQT N&C1H*+T).)R"JA9!J4./;JC:1@R+LUYIZU2(6JVNTT_3J5YE(;HN?7M!6D/QS>1C2%%,K M*5QS!1SJM&*\/G*4P4;G7:']($C]A,Q*&U*T+SK.-?2+)VD(S6F$$K MOJR\;H<8GQ#X@V7XCJ+V@N^E'RXE]"^;'#)MNP*?PMG'C:=VVB9HW0?C0AQ/"ASDT MR+VB6ACG#GX!>V"%T3BJ=M.E#'4\$M@6ME!.8VIY-/"U=2>T!"DY;3>;YP"_ MQ"@1!??/P?A0YDB.]@[U:-E(CNE\C6ZW0<^,DV#&UHW(,$5D-[HO.=C4] UB MEXU@(#1F"2"CTW-9F!;@X@[-/%]^9_[K?_U/[.\+5BT9H3E*4PE(H(/&5=[C MCHO-]_3&4]!Z/V#>,9JQ9,K4G'QE'GR!FKY^Y($F MN01_X@U"D;P4G&,&I,OF+&3 9\J 3ST&9.J^64,[TJDD M<(PF/Z,A.KG9:^P1-$-H+X'$IJ-SOD MO)H)=3Z%3QOJN&Y]&IY?G(L,\O9VC#J@(%SK_)FW[OR=\?GK8D5>O2IFXRU. M\?IC8F)!P*@^U=:5T7:O[W?MR2.EW4$!K4@$0LX*.:K.?NGK&XBN L/Q>K\N MJ:!BMEI;L(&#Y$)[V5K_G+9N_,5FXHO*R/%?YU%JC%V.XGYOB\9F\[*6+@HL M86ZXF(C=D8G/ #X+]6P4@TS;"TKM+43KE;M)MP+5 ,]>"D&OC6UUKT>=)8%Z M;AU)IO[U@J(*"YPP6"!G.87U##3L4I16K,&(MM)8UGC%@H/Y&/$L2FD55D@% M_B%ZG]5&UWR,L##4^ >KFE"E0V9<[]DPUQ;=O:AT*U(7ZTW06)WVD>DI$<+& MLJ4\*0(<*W$WL8C,#D_5F<74(I6?HEF#)I+F/&WWN$N1\K=9,3^-LVBY"KCFY>>\6@UWU!) M4DN/J*=G1$]'ZS!@+!L#+Z 5NKM=E_*=^Q4?V=T[3++E@CYFD35!30Y[9*W/ M2-].70,,F',UAV^Q+V@"#^"E6E/1% K-D"N7-%JG:F2N5PWPE>0D-MPKY%1; MX^)LM&T8"PRT!1#Q533O;1B^SJK1DW;=K+;/J[_ M73'M"RICF6IM*A0W#++B#2F"ZE.TZ[K9J>]@\]B.ZH:;:\<>2)-&L4_6.Y$WG?GGP' C7. ML' 9JO[/=-4MJ2ZPW(OHL&0@@71*0/BF+9+@X)*- X+N%F4J/W'YP>5M-4GQ MFF!AF^SH09+*6"('+%[+W0(WJUG&* !D=BX<47CS=8X(]".P85%=-Q5*5FO% M6: V8[MO[GY']]Y"C[ @D(:9^ER7/:$-U$Q"J<>9_[?4,\)5,3 M7=";.$C^0#:LUR/2-9A,R0FU*MUX]KN&(+XBI>85ULRT]X6.;[E4Y&5]PX3S M?8UV]6Y%8[=NV4XOE8M0"*"]:(_U(H<1PA^N4+NC#MW M=+1'Z'S8T,,>X!43=FHV MLIG9%Q6F!G'#7JOQ>M*LE8$Q;G]'A!#=59W53<9].?>ID6)#,7C^,NHCW&%C M]N;R9Y2-LZB:0INK4*$NK&J&X+6L?-^8PB'?;")4(D5;/T@F#UZ;;G6#I*,@ M0*NF'I;''UOD0J\YD6$%'3;V] ,,B"<50&P-8!DL^@$_XID4I%H(4A/:23_O MJ/5R/-WO<:4U1>T1-(76@NR;MZE%8^,17M*:ZPT43D&HAV"XA(6W*@A^:&TZ MQ?I\[;=--U@M3DAK8?3WN1$U;;QL-,\$.[]+_C"5BHWW:Z+^/KLYQD.S*0:N M0S*L2V8,YNNKTT8L%\X7[')V7IXGQX=[7IUR@B9)EAQ[$EP9+B(#%J;FH)FE MKG-]2C%$+GDE4!MO!G3@J+B&&BLVOCF'ZW'%+4/ZN=*VV[9IEI, M156P>@8I73ESX**$"=N?8NLR* M!!I[I41)P=>[6G5%!M#EPD=^^G](:TM[G2$]ID/JP=\%YA&U_ MDG!0O!] ;VH/DI<95Z6R28=^UPM,Y"-1'26*&HTMT2XHM(5R\&R%.A$41A79&*3YA;+!;RRC M'BAT!:E/@TB/XH&"#5%4DD!@&>(&;1>1AJGX7EI%N_Q$OQXIM;W@''PP5=F[ M41'N ="'XW\TV3R-CNMJ?0ZMA>KPSS 3K@61^[#%5 HQ?F.=$&HE^84BG1K M#T]@9_/ASC*,77 8MGJ?8L(1?/5"32BIU(7NZ4O0AJ*6N1M?-?95AKW3\VJA M&2E3A<\TMPPG(Q?*2E+>R 36N\;:=?*6&@ *S!M[Y4>DCH=&!NYR1/[AG2WF M#E]U>#GI6_CYL*YEA&95@9<:;85=#GW)TR_MBAL'A+.?0=UE5Y] S*XJ*IJL@UX(+]P0UMN) M2_+L-#GU5O8+]YQ[3W$%RC<.NREE9@V5F?WT5RYY]9B$!"/-/@HZJ0LVH7T# M98(QA12L@OSKL#S7>D2,I4W\:M0FO*.&3+L:ASGZ=G_O6SKG^M-ATO&[H#H( M&DU28>+DT-4&.3G:US(DQX>G4ESG#^U3TW]6AJ/T"*L-[>]O_-$\Z6$PG,?> M8&^$DX#_#GEF\-.Q_.8(R]6UZZHPNB>JSKH+_T?_*P5?R(&&&T,GVSL22U2"$7MQI+M>=9)[1RW;-13H6/*$TB'3T5X#C[J\:V)-98BH^"%O^&>M)< M8NX(0:(T+TD BMXK \] =I 7:7U3:2P#UJ7^E.D[YE^*TX?8;+WDN@@NK?V/C%.5?)HAH5'H']"@>8 M+#(N;/-1X@7M$U3[DS("0N34$KQ*JI(@O[7O\18X3G*&^HN_WH1*A-"8&DZP M;AQIIF1W(43XAKJDVNM=D2#X'<7H;183758=(";TBS$EF!,H$#SC!F7NTY)/ M+<@NQ2P;O3D)P]3< @D&B5?'2#IG6K803;.]G1X3M%Q#2W2[D>B&<;U8 G[" MQF <,,W;6+6+"%:52_C+YD9@(,T2QJ_EE#A<4E=G3A@/9D2@E* PZS:/&M$, MP[\5?O51(\I<1>[_2(NQLJD56F%&8R&*G.CI<]K(EX5 MIJ-*Z6L)*=-H\J C:)#,$-'T'8OY"PE:1!Z\]M\%?N"ZV$?.['ZC+M&;$:A M1>0?CO]V_01NLP\J:EP,$>RAW$X,U16ZP:3;1A 6DJV M!!1IX;8!)P]D6I)3MER^Y$"8](MV=J4BYQ W2%]2.F4^N(=.,WHD59,MZ0=Y;;&TS **NPM)WH9 MZ#ZL,6A4D7 UODA/GZFNXON;O,QWV0_)KHU^#XH$ X=NPVPXVK56&797/=TF MMU.*5\),HKV+&9:>!, NZT;3/A/MB:AU3!'IU-TY$C(O&D-AKHFX-"4BU1+C MVH".\R'N.V.($B DH)4:25(]WTT*QPUH81 B+BXGO-;)589BH\[)1XQB$.\+ M]);*BJ+2\%H^,"6\^3*L(IC:H*/4>%._KFEY_^W7G>^U?RH1F;M W'FK#$1= ME17Z=7IDQ?KGD3&DKHAM'O[L[/*)D>2\L\MW])?=O9-4D2^2]B! .&E9K(%W)KCF[QD![0"/QD] D[+4O4*3.LX\?H3_37$U;1H!^ M=DU^1MI_AJ9$JY+.D+;\#F51XE7ITU9,+_4B+>,WJJENQL'NWBFI7E(7!^20 M_.5P%]OCLB(N';"L,Y[O7Z]X)>,RK']SR)TGC_UKA;(.B[G-396#RNYQB52T M(U%27##TPH)R"$^PS\M?=L6-+C8F00W<6V"GO,@R)[UZ.,1O[ M^1SWV$LH>X,#H)^<2NI/"OS#I[]26%SD0*']'L4U;/SSD-LD+YO4TH)C"9@3 MS2<_P4-"0;D%9JK[S*5"2\.XYC8)$(BIL=#NN0?^;\BRPH,CA24LJ,X"=UN/ M< 4:."?VZ,!2+>48,0E'AKHN44M6U@' #C.L54H%(7LSBR7'1*#CI$=-3W[7 MA[K.B3@3@I.!O(]#G^ MVYY.XWLZD]\\G;]Y.O]W]'3ZH+EMCH[W_%9M1UJ@/#;QK2>I$Y3G >S$\"3\ M33O[Z+N-K3/>9G>@):K!\"C!MA7<5.9H=,(MR/*\WBW*72KY!Z0<'>]S9P)L MMP-_?X:F$18,_I$TA,/A*=?%/N".+B]SS,W!3B@Y#$EL=42EYLW5ZZNS%]1. M;-\6GQ^FAP?<&B/NZ\7XFC!ZT[L=3ABZ/@A/P7[?:D->!GT:!-ECRJ!S&4-O MQM(D5B+M;2FVB?HO$&M'Q\4O3IC:CU#S89!XE%T*;#&;62?>HR'5R$^Y-)ZM MCKFN0%Z2+:6F'KUS\$VR<_2-=S,=?SL:?3L\TG*HZ-::55Z"0UPS%W4L;5?J]T0SVN Z-D>]-[)2->/CD?4)>"T9ZV,X*?CZFJ.]&J^5QB[7-# M@<^FU?[@\,NI=3+DJNQ?CU;86(L;G& 1=CQN^^EPR)5,]ZFY"W8=>$'Y,7$/ MDJYG'\F]T3Y0+N,53Q$\$';ZW$8LAF]L?1BW/T,=Q: "[G"%QN+#-*0N8^W3 M!$R I8X='P 7, &YE(V6D=)6Z?X^@JZ%_F]TKG'AL;"&T>7J>O<%/>+562;N M'^U)4ZP#[B?6NW_ZI#[7MW?:5(LZ02>O75K>5MOVC %<+Z5N+ _R1GM+H1@, MQ]<_;;6YOI4ES9 5QJ(>2]?>04J ^>7+R&+'B(++0NQXV1T1'?KNH=.DB%WG5KWT.D6#XVP@15)G5/N(T&,JMYX6\#$6MPD )PV1N-61'G[49CJ[Q?5W-GZ(2-O< M&+F?^W_KU_M;O][_/_7KW>I<;>[SVWV@?NM]NO=;[]/?>I^V>I_V'CG;R;/5 M<'.KL_9;C\[?>G3^UJ/SMQZ=_QOVZ.R7@[;IX?JF"K\U^?RMR>?_%YI\;GD0 M7///K32#WSJ'_M8Y]"MU#OUZ(>^G)(H:@DN0%(F8'YAQ8#78=Y=/DYU'C\40 M7??HH3P:3WT\L.IOSS/^.,/><7H*$6 [1V6RN%+0%Y4SB T++[D0MKO$W,+V M0Z]LHGB$04W^1])#26"Y?W])ID+4Q_#OM$0?=*9=QO#N.96^!'XB#/P^"$'1DS'\)1"#:Q U(@<[G.\$ T3JI!JO6 MB?'J5KW!LL1;RY!1*$/:S[S,ZDC.=#Z#H+_?CD#39L[)/23*#] MM43TI73?W&E>PQ-^IN=;P=QU7I%$8VU!FQ>F88.^/I*9?_HG7,#&P5Q4C$,P MJ2OE:+%L$6!+&S_BX:!2:2"*7\I%FK]/F4?M06N,V8:U(U(Z:@TJ!2:8OJ&V2X+EMB?BY(YQ+0O&Z(B_MLP4!4"?)=5U,;G*N)D72WG?!=$CUWEK[?5]Z$[0@#1T\ M^-7V\W@H>U6-SSE+L#V?_C,2W!+$U"_!0P]>6=?N,I]3MUO7%C/J_#PXC(_- M2VD;^R4STC&"Z41?W^L^M=J*68AL&\/V?8S?X/*I7R#:['?Z:3B3ID3=M/RL MQ0!USPB ?HF%(R=>1]DO6.X73./JMJBWF<7+=JM8L6SM5+ FCU6>.ZZJ/&@8 M&W20_8+I1WUY>^;?!QW:W,Z8@N)>39?VWKR_4;8OQJ[E[=@D>? M7/8..!SLGT14"PF_L/X6>[NO[;O>'NVD4QB%WVBW!)=4K7:_Z5B[V1L,X[&? MMZIXZW&.%D]8T=CT"!Q*VNN;ZK'UV+[>ZF,'M6VTS5O@GZR@L7?O'HVZUAC2 M3W6P!2;$+*DMX\)C^2C@X1'1@9B MPON@WR^HDKVKA_F9/KT^Y4;;S_]CK=-CK;>CTP.A_MBU M+HRUOHLNZO1&HGL]:X+*VF09;-+3HYU\:#VKM7O8LS_O;!W3C4Y!#>?WJ4;# M?8**\>SZ%D5@45_P$R*@V\PM1R(^08!]_94O#QOH30.W#L8,&W M.:7=KB'\<)2\M*#O6%YPOLN&Y):U+Z4/=!\<=*E,3^*T%O2N=(16@I.\WK7Y M9;L/EZTDW_1NX'ZG)^0+N62+[VY*D^F4Q3]Y03#XYSH-\C6V)]KC=)/]/C>S MZ2"5)Y8UBDTTJ8$;[8*XY?.+U[WGV^+:UC"P2'C+' MA-(/65U4('NY#HC6"O,RM49[';6A^M/4-B\S-#ZHAF=S6RQZ#^VH\YI>,X?. MJVO=9-=(XI_6(():^61KS?%M$\IZG*L;$JTBNQD,T;Y9QREE[2*L8?"RT]H. MT["\BO0;K'#GJUEOB#NXXK,P<6WS"V&F6RQ%.E+ 'NBXVRA0FYYZBET?#YEU MW?36<*G-1NJ7$&N+IW;D&,7":6TR4=_5[FZFET_. MF>=_?G(1^:K[%K.;]"5;T8PO?2RBSW_X,9R&5'[8K*)WY3)%]U)'*E-7'*$K MBRG6\+H U9TR,,Y=ZI[\NDEW_RWTG_?I1MNF]JPGEY=]TN_^"M-YN@=<,Y"? MC].A4ON).-UC^RDQ_ZT/R+,YFZ;WU6W8O">79CV_]_JE'_*]U\'WX%_O&O\7 M\KGHLM@FA:7]TA99*C&7Q&DH':>JG0;RQ5O@$C$^:PNVR<#H4]CZ,R^Z+M8M MLR[6N+;:>131O+9-H.B:7G_V1(>!%21/=)&T,WNB^\$@?:(CTM$ 57%5%Q\" MMT?H;&P_UWNC_WXULY&QR#;D/ZZ/JP;/]/DJ_X %CBZ7-=R$R>^K58V@M^VB M,6UH3J=+NS>$'ZD'$GVK+3:IE>+387]NC,Y';ZQ#%*QS^VXQ.S_\_&W3+'_X M?P!02P$"% ,4 " !K= ])>.1.)/4! _(0 $P @ $ M 6T-O;G1E;G1?5'EP97-=+GAM;%!+ 0(4 Q0 ( &MT#TE(=07NQ0 M "L" + " 28" !?&UL4$L! A0#% @ M:W0/24-3:TL_ 0 :0, !$ ( !H0@ &1O8U!R;W!S+V-O M&UL4$L! A0#% @ :W0/29E&PO&PO=V]R:W-H965T&UL4$L! A0#% M @ :W0/2&PO M=V]R:W-H965T&UL4$L! A0#% @ :W0/25.^MV0O! MG10 !@ ( !TB4 'AL+W=OJ(! "Q P & @ $1+ >&PO=V]R:W-H965T&UL4$L! A0#% @ :W0/2=';LEBC 0 KP, !@ M ( !Z2T 'AL+W=O&PO=V]R:W-H965T&UL4$L! A0#% @ :W0/28J1IIBB 0 L0, M !D ( !3C4 'AL+W=O&PO=V]R:W-H965T&UL4$L! A0#% @ :W0/2&PO=V]R:W-H965T M&UL4$L! A0# M% @ :W0/24S,A36C 0 L0, !D ( !:4 'AL+W=O M&PO=V]R:W-H965THP$ +$# 9 " 1U$ M !X;"]W;W)K&UL4$L! A0#% @ :W0/2:/0 M(PBD 0 L0, !D ( !]T4 'AL+W=O&PO=V]R:W-H965T&UL4$L! A0#% @ :W0/249C9@VD 0 L0, !D M ( !<$P 'AL+W=O&PO M=V]R:W-H965TF@I $ M +$# 9 " 290 !X;"]W;W)K&UL4$L! A0#% @ :W0/22Z8"8FG 0 L0, !D ( ! M 5( 'AL+W=O&PO=V]R:W-H965T&UL4$L! A0#% M @ :W0/20JGF4G" 0 >P0 !D ( !EU< 'AL+W=O&PO=V]R:W-H965T&UL4$L! A0#% @ :W0/2161D@\O @ U@< !D M ( !/&H 'AL+W=O&PO=V]R M:W-H965T&UL M4$L! A0#% @ :W0/25$C29I] @ $ H !D ( !&7$ M 'AL+W=O&PO=V]R:W-H965T&UL4$L! A0#% @ M:W0/26@=8T7D 0 ) 4 !D ( !M7< 'AL+W=O0 >&PO=V]R:W-H965T&UL4$L! A0#% @ :W0/20!8,F2Y 0 M&P0 !D ( !8GX 'AL+W=O&PO=V]R:W-H965T&UL4$L! A0#% @ :W0/20AUO\RG 0 L0, !D M ( !R(0 'AL+W=O&PO=V]R:W-H M965T&UL4$L! M A0#% @ :W0/22H,@_R; P 2!$ !D ( !XHL 'AL M+W=O&PO=V]R:W-H965T&UL4$L! A0#% @ :W0/ M26O:<-,V @ J0< !D ( !VI4 'AL+W=O&PO XML 67 Show.js IDEA: XBRL DOCUMENT /** * Rivet Software Inc. * * @copyright Copyright (c) 2006-2011 Rivet Software, Inc. All rights reserved. * Version 2.4.0.3 * */ var Show = {}; Show.LastAR = null, Show.hideAR = function(){ Show.LastAR.style.display = 'none'; }; Show.showAR = function ( link, id, win ){ if( Show.LastAR ){ Show.hideAR(); } var ref = link; do { ref = ref.nextSibling; } while (ref && ref.nodeName != 'TABLE'); if (!ref || ref.nodeName != 'TABLE') { var tmp = win ? win.document.getElementById(id) : document.getElementById(id); if( tmp ){ ref = tmp.cloneNode(true); ref.id = ''; link.parentNode.appendChild(ref); } } if( ref ){ ref.style.display = 'block'; Show.LastAR = ref; } }; Show.toggleNext = function( link ){ var ref = link; do{ ref = ref.nextSibling; }while( ref.nodeName != 'DIV' ); if( ref.style && ref.style.display && ref.style.display == 'none' ){ ref.style.display = 'block'; if( link.textContent ){ link.textContent = link.textContent.replace( '+', '-' ); }else{ link.innerText = link.innerText.replace( '+', '-' ); } }else{ ref.style.display = 'none'; if( link.textContent ){ link.textContent = link.textContent.replace( '-', '+' ); }else{ link.innerText = link.innerText.replace( '-', '+' ); } } }; XML 68 report.css IDEA: XBRL DOCUMENT /* Updated 2009-11-04 */ /* v2.2.0.24 */ /* DefRef Styles */ ..report table.authRefData{ background-color: #def; border: 2px solid #2F4497; font-size: 1em; position: absolute; } ..report table.authRefData a { display: block; font-weight: bold; } ..report table.authRefData p { margin-top: 0px; } ..report table.authRefData .hide { background-color: #2F4497; padding: 1px 3px 0px 0px; text-align: right; } ..report table.authRefData .hide a:hover { background-color: #2F4497; } ..report table.authRefData .body { height: 150px; overflow: auto; width: 400px; } ..report table.authRefData table{ font-size: 1em; } /* Report Styles */ ..pl a, .pl a:visited { color: black; text-decoration: none; } /* table */ ..report { background-color: white; border: 2px solid #acf; clear: both; color: black; font: normal 8pt Helvetica, Arial, san-serif; margin-bottom: 2em; } ..report hr { border: 1px solid #acf; } /* Top labels */ ..report th { background-color: #acf; color: black; font-weight: bold; text-align: center; } ..report th.void { background-color: transparent; color: #000000; font: bold 10pt Helvetica, Arial, san-serif; text-align: left; } ..report .pl { text-align: left; vertical-align: top; white-space: normal; width: 200px; white-space: normal; /* word-wrap: break-word; */ } ..report td.pl a.a { cursor: pointer; display: block; width: 200px; overflow: hidden; } ..report td.pl div.a { width: 200px; } ..report td.pl a:hover { background-color: #ffc; } /* Header rows... */ ..report tr.rh { background-color: #acf; color: black; font-weight: bold; } /* Calendars... */ ..report .rc { background-color: #f0f0f0; } /* Even rows... */ ..report .re, .report .reu { background-color: #def; } ..report .reu td { border-bottom: 1px solid black; } /* Odd rows... */ ..report .ro, .report .rou { background-color: white; } ..report .rou td { border-bottom: 1px solid black; } ..report .rou table td, .report .reu table td { border-bottom: 0px solid black; } /* styles for footnote marker */ ..report .fn { white-space: nowrap; } /* styles for numeric types */ ..report .num, .report .nump { text-align: right; white-space: nowrap; } ..report .nump { padding-left: 2em; } ..report .nump { padding: 0px 0.4em 0px 2em; } /* styles for text types */ ..report .text { text-align: left; white-space: normal; } ..report .text .big { margin-bottom: 1em; width: 17em; } ..report .text .more { display: none; } ..report .text .note { font-style: italic; font-weight: bold; } ..report .text .small { width: 10em; } ..report sup { font-style: italic; } ..report .outerFootnotes { font-size: 1em; } XML 70 FilingSummary.xml IDEA: XBRL DOCUMENT 3.5.0.2 html 92 270 1 false 36 0 false 6 false false R1.htm 00000001 - Document - Document and Entity Information Sheet http://mendobrew.com/role/DocumentAndEntityInformation Document and Entity Information Cover 1 false false R2.htm 00000002 - Statement - Condensed Consolidated Balance Sheets Sheet http://mendobrew.com/role/CondensedConsolidatedBalanceSheets Condensed Consolidated Balance Sheets Statements 2 false false R3.htm 00000003 - Statement - Condensed Consolidated Balance Sheets (Parenthetical) Sheet http://mendobrew.com/role/CondensedConsolidatedBalanceSheetsParenthetical Condensed Consolidated Balance Sheets (Parenthetical) Statements 3 false false R4.htm 00000004 - Statement - Condensed Consolidated Statements of Operations and Comprehensive Income (Loss) (Unaudited) Sheet http://mendobrew.com/role/StatementsOfOperationsAndComprehensiveIncomeLoss Condensed Consolidated Statements of Operations and Comprehensive Income (Loss) (Unaudited) Statements 4 false false R5.htm 00000005 - Statement - Condensed Consolidated Statements of Cash Flows (Unaudited) Sheet http://mendobrew.com/role/StatementsOfCashFlows Condensed Consolidated Statements of Cash Flows (Unaudited) Statements 5 false false R6.htm 00000006 - Disclosure - Description of Operations and Summary of Significant Accounting Policies Sheet http://mendobrew.com/role/DescriptionOfOperationsAndSummaryOfSignificantAccountingPolicies Description of Operations and Summary of Significant Accounting Policies Notes 6 false false R7.htm 00000007 - Disclosure - Liquidity and Management Plans Sheet http://mendobrew.com/role/LiquidityAndManagementPlans Liquidity and Management Plans Notes 7 false false R8.htm 00000008 - Disclosure - Inventories Sheet http://mendobrew.com/role/Inventories Inventories Notes 8 false false R9.htm 00000009 - Disclosure - Secured Lines of Credit Sheet http://mendobrew.com/role/SecuredLinesOfCredit Secured Lines of Credit Notes 9 false false R10.htm 00000010 - Disclosure - Notes Payable to Related Party Notes http://mendobrew.com/role/NotesPayableToRelatedParty Notes Payable to Related Party Notes 10 false false R11.htm 00000011 - Disclosure - Subordinated Convertible Notes Payable To Related Party Notes http://mendobrew.com/role/SubordinatedConvertibleNotesPayableToRelatedParty Subordinated Convertible Notes Payable To Related Party Notes 11 false false R12.htm 00000012 - Disclosure - Secured Notes Payable Notes http://mendobrew.com/role/SecuredNotesPayable Secured Notes Payable Notes 12 false false R13.htm 00000013 - Disclosure - Long-Term Debt - Related Party Sheet http://mendobrew.com/role/Long-termDebt-RelatedParty Long-Term Debt - Related Party Notes 13 false false R14.htm 00000014 - Disclosure - Capital Lease Obligations Sheet http://mendobrew.com/role/CapitalLeaseObligations Capital Lease Obligations Notes 14 false false R15.htm 00000015 - Disclosure - Severance Payable Sheet http://mendobrew.com/role/SeverancePayable Severance Payable Notes 15 false false R16.htm 00000016 - Disclosure - Commitments and Contingencies Sheet http://mendobrew.com/role/CommitmentsAndContingencies Commitments and Contingencies Notes 16 false false R17.htm 00000017 - Disclosure - Related-Party Transactions Sheet http://mendobrew.com/role/Related-partyTransactions Related-Party Transactions Notes 17 false false R18.htm 00000018 - Disclosure - Segment Information Sheet http://mendobrew.com/role/SegmentInformation Segment Information Notes 18 false false R19.htm 00000019 - Disclosure - Unrestricted Net Assets Sheet http://mendobrew.com/role/UnrestrictedNetAssets Unrestricted Net Assets Notes 19 false false R20.htm 00000020 - Disclosure - Income Taxes Sheet http://mendobrew.com/role/IncomeTaxes Income Taxes Notes 20 false false R21.htm 00000021 - Disclosure - Subsequent Events Sheet http://mendobrew.com/role/SubsequentEvents Subsequent Events Notes 21 false false R22.htm 00000022 - Disclosure - Description of Operations and Summary of Significant Accounting Policies (Policies) Sheet http://mendobrew.com/role/DescriptionOfOperationsAndSummaryOfSignificantAccountingPoliciesPolicies Description of Operations and Summary of Significant Accounting Policies (Policies) Policies http://mendobrew.com/role/DescriptionOfOperationsAndSummaryOfSignificantAccountingPolicies 22 false false R23.htm 00000023 - Disclosure - Description of Operations and Summary of Significant Accounting Policies (Tables) Sheet http://mendobrew.com/role/DescriptionOfOperationsAndSummaryOfSignificantAccountingPoliciesTables Description of Operations and Summary of Significant Accounting Policies (Tables) Tables http://mendobrew.com/role/DescriptionOfOperationsAndSummaryOfSignificantAccountingPolicies 23 false false R24.htm 00000024 - Disclosure - Inventories (Tables) Sheet http://mendobrew.com/role/InventoriesTables Inventories (Tables) Tables http://mendobrew.com/role/Inventories 24 false false R25.htm 00000025 - Disclosure - Secured Notes Payable (Tables) Notes http://mendobrew.com/role/SecuredNotesPayableTables Secured Notes Payable (Tables) Tables http://mendobrew.com/role/SecuredNotesPayable 25 false false R26.htm 00000026 - Disclosure - Long-Term Debt - Related Party (Tables) Sheet http://mendobrew.com/role/Long-termDebt-RelatedPartyTables Long-Term Debt - Related Party (Tables) Tables http://mendobrew.com/role/Long-termDebt-RelatedParty 26 false false R27.htm 00000027 - Disclosure - Capital Lease Obligations (Tables) Sheet http://mendobrew.com/role/CapitalLeaseObligationsTables Capital Lease Obligations (Tables) Tables http://mendobrew.com/role/CapitalLeaseObligations 27 false false R28.htm 00000028 - Disclosure - Related-Party Transactions (Tables) Sheet http://mendobrew.com/role/Related-partyTransactionsTables Related-Party Transactions (Tables) Tables http://mendobrew.com/role/Related-partyTransactions 28 false false R29.htm 00000029 - Disclosure - Segment Information (Tables) Sheet http://mendobrew.com/role/SegmentInformationTables Segment Information (Tables) Tables http://mendobrew.com/role/SegmentInformation 29 false false R30.htm 00000030 - Disclosure - Unrestricted Net Assets (Tables) Sheet http://mendobrew.com/role/UnrestrictedNetAssetsTables Unrestricted Net Assets (Tables) Tables http://mendobrew.com/role/UnrestrictedNetAssets 30 false false R31.htm 00000031 - Disclosure - Description of Operations and Summary of Significant Accounting Policies (Details Narrative) Sheet http://mendobrew.com/role/DescriptionOfOperationsAndSummaryOfSignificantAccountingPoliciesDetailsNarrative Description of Operations and Summary of Significant Accounting Policies (Details Narrative) Details http://mendobrew.com/role/DescriptionOfOperationsAndSummaryOfSignificantAccountingPoliciesTables 31 false false R32.htm 00000032 - Disclosure - Description of Operations and Summary of Significant Accounting Policies - Schedule of Basic and Dilutive Net Loss Per Share (Details) Sheet http://mendobrew.com/role/DescriptionOfOperationsAndSummaryOfSignificantAccountingPolicies-ScheduleOfBasicAndDilutiveNetLossPerShareDetails Description of Operations and Summary of Significant Accounting Policies - Schedule of Basic and Dilutive Net Loss Per Share (Details) Details 32 false false R33.htm 00000033 - Disclosure - Liquidity and Management Plans (Details Narrative) Sheet http://mendobrew.com/role/LiquidityAndManagementPlansDetailsNarrative Liquidity and Management Plans (Details Narrative) Details http://mendobrew.com/role/LiquidityAndManagementPlans 33 false false R34.htm 00000034 - Disclosure - Inventories - Schedule of Inventories (Details) Sheet http://mendobrew.com/role/Inventories-ScheduleOfInventoriesDetails Inventories - Schedule of Inventories (Details) Details 34 false false R35.htm 00000035 - Disclosure - Secured Lines of Credit (Details Narrative) Sheet http://mendobrew.com/role/SecuredLinesOfCreditDetailsNarrative Secured Lines of Credit (Details Narrative) Details http://mendobrew.com/role/SecuredLinesOfCredit 35 false false R36.htm 00000036 - Disclosure - Notes Payable to Related Party (Details Narrative) Notes http://mendobrew.com/role/NotesPayableToRelatedPartyDetailsNarrative Notes Payable to Related Party (Details Narrative) Details http://mendobrew.com/role/NotesPayableToRelatedParty 36 false false R37.htm 00000037 - Disclosure - Subordinated Convertible Notes Payable to Related Party (Details Narrative) Notes http://mendobrew.com/role/SubordinatedConvertibleNotesPayableToRelatedPartyDetailsNarrative Subordinated Convertible Notes Payable to Related Party (Details Narrative) Details 37 false false R38.htm 00000038 - Disclosure - Secured Notes Payable - Summary of Long-Term Debt (Details) Notes http://mendobrew.com/role/SecuredNotesPayable-SummaryOfLong-termDebtDetails Secured Notes Payable - Summary of Long-Term Debt (Details) Details 38 false false R39.htm 00000039 - Disclosure - Secured Notes Payable - Summary of Long-Term Debt (Details) (Parenthetical) Notes http://mendobrew.com/role/SecuredNotesPayable-SummaryOfLong-termDebtDetailsParenthetical Secured Notes Payable - Summary of Long-Term Debt (Details) (Parenthetical) Details 39 false false R40.htm 00000040 - Disclosure - Long-Term Debt - Related Party (Details Narrative) Sheet http://mendobrew.com/role/Long-termDebt-RelatedPartyDetailsNarrative Long-Term Debt - Related Party (Details Narrative) Details http://mendobrew.com/role/Long-termDebt-RelatedPartyTables 40 false false R41.htm 00000041 - Disclosure - Long-Term Debt - Related Party - Schedule of Related Party Debt (Details) Sheet http://mendobrew.com/role/Long-termDebt-RelatedParty-ScheduleOfRelatedPartyDebtDetails Long-Term Debt - Related Party - Schedule of Related Party Debt (Details) Details 41 false false R42.htm 00000042 - Disclosure - Long-Term Debt - Related Party - Schedule of Related Party Debt (Details) (Parenthetical) Sheet http://mendobrew.com/role/Long-termDebt-RelatedParty-ScheduleOfRelatedPartyDebtDetailsParenthetical Long-Term Debt - Related Party - Schedule of Related Party Debt (Details) (Parenthetical) Details 42 false false R43.htm 00000043 - Disclosure - Capital Lease Obligations - Schedule of Future Minimum Lease Payments for Capital Lease Payments (Details) Sheet http://mendobrew.com/role/CapitalLeaseObligations-ScheduleOfFutureMinimumLeasePaymentsForCapitalLeasePaymentsDetails Capital Lease Obligations - Schedule of Future Minimum Lease Payments for Capital Lease Payments (Details) Details 43 false false R44.htm 00000044 - Disclosure - Severance Payable (Details Narrative) Sheet http://mendobrew.com/role/SeverancePayableDetailsNarrative Severance Payable (Details Narrative) Details http://mendobrew.com/role/SeverancePayable 44 false false R45.htm 00000045 - Disclosure - Commitments and Contingencies (Details Narrative) Sheet http://mendobrew.com/role/CommitmentsAndContingenciesDetailsNarrative Commitments and Contingencies (Details Narrative) Details http://mendobrew.com/role/CommitmentsAndContingencies 45 false false R46.htm 00000046 - Disclosure - Related-Party Transactions (Details Narrative) Sheet http://mendobrew.com/role/Related-partyTransactionsDetailsNarrative Related-Party Transactions (Details Narrative) Details http://mendobrew.com/role/Related-partyTransactionsTables 46 false false R47.htm 00000047 - Disclosure - Related-Party Transactions - Schedule of Related-Party Transactions (Details) Sheet http://mendobrew.com/role/Related-partyTransactions-ScheduleOfRelated-partyTransactionsDetails Related-Party Transactions - Schedule of Related-Party Transactions (Details) Details 47 false false R48.htm 00000048 - Disclosure - Segment Information (Details Narrative) Sheet http://mendobrew.com/role/SegmentInformationDetailsNarrative Segment Information (Details Narrative) Details http://mendobrew.com/role/SegmentInformationTables 48 false false R49.htm 00000049 - Disclosure - Segment Information - Schedule of Segment Information (Details) Sheet http://mendobrew.com/role/SegmentInformation-ScheduleOfSegmentInformationDetails Segment Information - Schedule of Segment Information (Details) Details 49 false false R50.htm 00000050 - Disclosure - Unrestricted Net Assets (Details Narrative) Sheet http://mendobrew.com/role/UnrestrictedNetAssetsDetailsNarrative Unrestricted Net Assets (Details Narrative) Details http://mendobrew.com/role/UnrestrictedNetAssetsTables 50 false false R51.htm 00000051 - Disclosure - Unrestricted Net Assets - Condensed Balance Sheets of US Operations (Details) Sheet http://mendobrew.com/role/UnrestrictedNetAssets-CondensedBalanceSheetsOfUsOperationsDetails Unrestricted Net Assets - Condensed Balance Sheets of US Operations (Details) Details 51 false false R52.htm 00000052 - Disclosure - Unrestricted Net Assets - Condensed Statement of Operations of US Operations (Details) Sheet http://mendobrew.com/role/UnrestrictedNetAssets-CondensedStatementOfOperationsOfUsOperationsDetails Unrestricted Net Assets - Condensed Statement of Operations of US Operations (Details) Details 52 false false R53.htm 00000053 - Disclosure - Unrestricted Net Assets - Condensed Statement of Cash Flows of US Operations (Details) Sheet http://mendobrew.com/role/UnrestrictedNetAssets-CondensedStatementOfCashFlowsOfUsOperationsDetails Unrestricted Net Assets - Condensed Statement of Cash Flows of US Operations (Details) Details 53 false false R54.htm 00000054 - Disclosure - Subsequent Events (Details Narrative) Sheet http://mendobrew.com/role/SubsequentEventsDetailsNarrative Subsequent Events (Details Narrative) Details http://mendobrew.com/role/SubsequentEvents 54 false false All Reports Book All Reports menb-20160630.xml menb-20160630.xsd menb-20160630_cal.xml menb-20160630_def.xml menb-20160630_lab.xml menb-20160630_pre.xml true true ZIP 72 0001493152-16-012400-xbrl.zip IDEA: XBRL DOCUMENT begin 644 0001493152-16-012400-xbrl.zip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end