Related-Party Transactions

9 Months Ended

Sep. 30, 2016

Related Party Transactions [Abstract]

Related-Party Transactions

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 also 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 nine months ended September 30, 2016 and 2015 and the balances outstanding as of September 30, 2016 and December 31, 2015.

TRANSACTIONS	September 30, 2016		September 30, 2015
Purchases from HUK	$	7,341,400	$	8,239,200
Expense reimbursement including interest to HUK	$	637,900	$	715,200
Interest expense related to UBA convertible notes	$	71,900	$	68,100
Interest expenses related to Catamaran notes	$	85,900	$	56,700
Borrowing from Catamaran	$	2,400,000	$	2,000,000

ACCOUNT BALANCES	September 30, 2016		December 31, 2015
Accounts payable and accrued liability to HUK	$	1,581,500	$	1,669,400
Notes payable to Catamaran	$	2,605,500	$	2,119,600
Notes payable to UBA	$	3,752,000	$	3,680,100