v2.4.1.9
GEOGRAPHIC INFORMATION
 12 Months Ended
Mar. 31, 2015
Segment Reporting [Abstract]  
Segment Reporting Disclosure [Text Block]
NOTE 16 — GEOGRAPHIC INFORMATION
 
The Company operates in one reportable segment — the sale of premium beverage alcohol. The Company’s product categories are rum and related products, liqueur, whiskey, vodka and tequila. The Company reports its operations in two geographic areas: International and United States.
 
The consolidated financial statements include revenues and assets generated in or held in the U.S. and foreign countries. The following table sets forth the amounts and percentage of consolidated sales, net, consolidated income (loss) from operations, consolidated net loss attributable to controlling interests, consolidated income tax (expense) benefit and consolidated assets from the U.S. and foreign countries and consolidated sales, net by category.
 
 
 
Years ended March 31,
 
 
 
2015
 
 
2014
 
Consolidated Sales, net:
 
 
 
 
 
 
 
 
 
 
 
 
International
 
$
7,938,393
 
13.8
%
 
$
7,305,516
 
15.2
%
United States
 
 
49,519,028
 
86.2
%
 
 
40,834,967
 
84.8
%
 
 
 
 
 
 
 
 
 
 
 
 
 
Total Consolidated Sales, net
 
$
57,457,421
 
100.0
%
 
$
48,140,483
 
100.0
%
 
 
 
 
 
 
 
 
 
 
 
 
 
Consolidated Income (Loss) from Operations:
 
 
 
 
 
 
 
 
 
 
 
 
International
 
$
17,172
 
(1.6)
%
 
$
(266)
 
0.0
%
United States
 
 
(1,095,077)
 
101.6
%
 
 
(1,319,567)
 
100.0
%
 
 
 
 
 
 
 
 
 
 
 
 
 
Total Consolidated Loss from Operations
 
$
(1,077,905)
 
100.0
%
 
$
(1,319,833)
 
100.0
%
 
 
 
 
 
 
 
 
 
 
 
 
 
Consolidated Net Loss Attributable to Controlling Interests:
 
 
 
 
 
 
 
 
 
 
 
 
International
 
$
(101,453)
 
2.7
%
 
$
(153,419)
 
1.7
%
United States
 
 
(3,698,289)
 
97.3
%
 
 
(8,753,328)
 
98.3
%
 
 
 
 
 
 
 
 
 
 
 
 
 
Total Consolidated Net Loss Attributable to Controlling Interests
 
$
(3,799,742)
 
100.0
%
 
$
(8,906,747)
 
100.0
%
 
 
 
 
 
 
 
 
 
 
 
 
 
Income tax (expense) benefit, net:
 
 
 
 
 
 
 
 
 
 
 
 
United States
 
$
(1,278,999)
 
100.0
%
 
$
590,414
 
100.0
%
 
 
 
 
 
 
 
 
 
 
 
 
 
Consolidated Sales, net by category:
 
 
 
 
 
 
 
 
 
 
 
 
Rum
 
$
16,998,034
 
29.6
%
 
$
16,643,640
 
34.6
%
Whiskey
 
 
19,147,028
 
33.3
%
 
 
13,521,875
 
28.1
%
Liqueurs
 
 
8,756,376
 
15.2
%
 
 
8,992,277
 
18.7
%
Vodka
 
 
2,413,994
 
4.2
%
 
 
2,852,956
 
5.9
%
Tequila
 
 
208,845
 
0.4
%
 
 
218,552
 
0.5
%
Wine
 
 
—
 
0.0
%
 
 
284,806
 
0.6
%
Related Non-Alcoholic Beverage Products
 
 
9,933,144
 
17.3
%
 
 
5,626,377
 
11.6
%
 
 
 
 
 
 
 
 
 
 
 
 
 
Total Consolidated Sales, net
 
$
57,457,421
 
100.0
%
 
$
48,140,483
 
100.0
%
 
 
 
As of March 31,
 
 
 
2015
 
 
2014
 
Consolidated Assets:
 
 
 
 
 
 
 
 
 
 
 
 
International
 
$
2,052,583
 
4.7
%
 
$
2,201,343
 
6.0
%
United States
 
 
41,986,357
 
95.3
%
 
 
34,320,167
 
94.0
%
 
 
 
 
 
 
 
 
 
 
 
 
 
Total Consolidated Assets
 
$
44,038,940
 
100.0
%
 
$
36,521,510
 
100.0
%