XML 37 R10.htm IDEA: XBRL DOCUMENT
v3.22.1

Business Segment Information | 3 Months Ended
--- | ---
Mar. 31, 2022
Segment Reporting [Abstract] |
Business Segment Information | 5. Business Segment Information The Company’s internal management financial reporting consists of Eastside spirits and Craft C+B. The spirits brands span several alcoholic beverage categories, including whiskey, vodka, gin, rum, tequila and Ready-to-Drink (“RTD”) and are sold on a wholesale basis to distributors in open states, and brokers in control states. The Company’s principal area of operation is in the U.S. and has one spirits customer that represents 25% of its revenue. Craft C+B primarily services the craft beer and craft cider business. Craft C+B operates 16 mobile lines in Seattle, Washington; Spokane, Washington; Portland, Oregon; and Denver, Colorado. The measure of profitability reviewed is a condensed statement of operations and gross margin. These business segments reflect how operations are managed, operating performance is evaluated and the structure of internal financial reporting. Total asset information by segment is not provided to, or reviewed by, the chief operating decision maker (“CODM”) as it is not used to make strategic decisions, allocate resources or assess performance. The accounting policies of the segments are the same as those described for the Company in the Summary of Significant Accounting Policies in Note 3. Spirits allocates 50% of certain general and administrative expenses to Craft C+B, which is included in the segments’ financial data below. Eastside Distilling, Inc. and Subsidiaries Notes to Consolidated Financial Statements March 31, 2022 (Unaudited) Segment information was as follows for the three months ended March 31, 2022 and 2021: Schedule of Segment Information
(Dollars in thousands) |  | 2022 |  |  | 2021 |
Spirits |  |  |  |  |  |  |  |
Sales |  | $ | 2,704 |  |  | $ | 1,334 |
Net sales |  |  | 2,664 |  |  |  | 1,239 |
Cost of sales |  |  | 1,682 |  |  |  | 1,054 |
Gross profit |  |  | 982 |  |  |  | 185 |
Total operating expenses |  |  | 1,269 |  |  |  | 1,695 |
Net income (loss) |  |  | (682 | ) |  |  | 4,113 |
Gross margin |  |  | 37 | % |  |  | 15 | %
Interest revenue |  | $ | - |  |  | $ | - |
Interest expense |  |  | 395 |  |  |  | 113 |
Depreciation and amortization |  |  | 43 |  |  |  | 77 |
Income tax expense |  |  | - |  |  |  | - |
Significant noncash items: |  |  |  |  |  |  |  |
Loss on disposal of property and equipment |  |  | - |  |  |  | 61 |
Forgiveness of debt - PPP |  |  | - |  |  |  | (1,052 | )
Remeasurement of deferred consideration |  |  | - |  |  |  | (750 | )
Gain on disposal of offsite inventory |  |  | - |  |  |  | (1,047 | )
Stock compensation |  |  | 184 |  |  |  | 117 |
Craft C+B |  |  |  |  |  |  |  |
Sales |  | $ | 1,076 |  |  | $ | 1,909 |
Net sales |  |  | 1,076 |  |  |  | 1,909 |
Cost of sales |  |  | 1,111 |  |  |  | 1,551 |
Gross profit (loss) |  |  | (35 | ) |  |  | 358 |
Total operating expenses |  |  | 1,308 |  |  |  | 1,147 |
Net loss |  |  | (1,354 | ) |  |  | (405 | )
Gross margin |  |  | -3 | % |  |  | 19 | %
Interest revenue |  | $ | - |  |  | $ | - |
Interest expense |  |  | 11 |  |  |  | 13 |
Depreciation and amortization |  |  | 220 |  |  |  | 223 |
Income tax expense |  |  | - |  |  |  | - |
Significant noncash items: |  |  |  |  |  |  |  |
Forgiveness of debt - PPP |  |  | - |  |  |  | (396 | )
Stock compensation |  |  | 191 |  |  |  | 118 |
Craft C+B’s gross margin decreased primarily due to lower sales of services, a change in product and service mix, and higher raw material costs. In addition, Craft C+B launched its digital can printing business subsequent to first quarter ending, however it continued to incur costs with no associated revenue during the three months ended March 31, 2022. Eastside Distilling, Inc. and Subsidiaries Notes to Consolidated Financial Statements March 31, 2022 (Unaudited)

X
- References No definition available. + Details
Name: | us-gaap_SegmentReportingAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8924-108599 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8981-108599 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (a) -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8721-108599 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e9031-108599 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (f) -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8933-108599 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (e) -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8933-108599 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8844-108599 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e9038-108599 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (d) -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8933-108599 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8736-108599 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e9054-108599 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 15 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8657-108599 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (b) -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8721-108599 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI https://asc.fasb.org/topic&trid=2134510 + Details
Name: | us-gaap_SegmentReportingDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration