v2.4.1.9
GEOGRAPHIC INFORMATION
 9 Months Ended
Dec. 31, 2014
Segment Reporting [Abstract]  
Segment Reporting Disclosure [Text Block]
NOTE 14 —  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.
  
 
 
Three months ended December 31,
 
 
 
2014
 
 
2013
 
Consolidated Sales, net:
 
 
 
 
 
 
 
 
 
 
 
 
International
 
$
2,630,784
 
16.5
%
 
$
2,466,746
 
18.2
%
United States
 
 
13,305,730
 
83.5
%
 
 
11,112,543
 
81.8
%
 
 
 
 
 
 
 
 
 
 
 
 
 
Total Consolidated Sales, net
 
$
15,936,514
 
100.0
%
 
$
13,579,289
 
100.0
%
 
 
 
 
 
 
 
 
 
 
 
 
 
Consolidated Income (Loss) from Operations:
 
 
 
 
 
 
 
 
 
 
 
 
International
 
$
870
 
0.6
%
 
$
5,324
 
(4.8)
%
United States
 
 
155,994
 
99.4
%
 
 
(115,722)
 
104.8
%
 
 
 
 
 
 
 
 
 
 
 
 
 
Total Consolidated Income (Loss) from Operations
 
$
156,864
 
100.0
%
 
$
(110,398)
 
100.0
%
 
 
 
 
 
 
 
 
 
 
 
 
 
Consolidated Net Loss Attributable to Controlling Interests:
 
 
 
 
 
 
 
 
 
 
 
 
International
 
$
(14,173)
 
2.4
%
 
$
(70,008)
 
3.0
%
United States
 
 
(576,823)
 
97.6
%
 
 
(2,300,465)
 
97.0
%
 
 
 
 
 
 
 
 
 
 
 
 
 
Total Consolidated Net Loss Attributable to Controlling Interests
 
$
(590,996)
 
100.0
%
 
$
(2,370,473)
 
100.0
%
 
 
 
 
 
 
 
 
 
 
 
 
 
Income tax (expense) benefit:
 
 
 
 
 
 
 
 
 
 
 
 
United States
 
 
(258,962)
 
100.0
%
 
 
37,038
 
100.0
%
 
 
 
 
 
 
 
 
 
 
 
 
 
Consolidated Sales, net by category:
 
 
 
 
 
 
 
 
 
 
 
 
Rum
 
$
3,292,618
 
20.7
%
 
$
3,719,670
 
27.4
%
Liqueur
 
 
2,585,214
 
16.3
%
 
 
2,753,560
 
20.3
%
Whiskey
 
 
7,130,948
 
44.7
%
 
 
4,976,865
 
36.7
%
Vodka
 
 
622,157
 
3.9
%
 
 
764,428
 
5.6
%
Tequila
 
 
55,237
 
0.3
%
 
 
63,136
 
0.5
%
Related Non-Alcoholic Beverage Products
 
 
2,250,340
 
14.1
%
 
 
1,301,630
 
9.5
%
 
 
 
 
 
 
 
 
 
 
 
 
 
Total Consolidated Sales, net
 
$
15,936,514
 
100.0
%
 
$
13,579,289
 
100.0
%
    
 
 
Nine months ended December 31,
 
 
 
2014
 
 
2013
 
Consolidated Sales, net:
 
 
 
 
 
 
 
 
 
 
 
 
International
 
$
6,084,118
 
14.7
%
 
$
5,298,348
 
14.9
%
United States
 
 
35,216,299
 
85.3
%
 
 
30,359,265
 
85.1
%
 
 
 
 
 
 
 
 
 
 
 
 
 
Total Consolidated Sales, net
 
$
41,300,417
 
100.0
%
 
$
35,657,613
 
100.0
%
 
 
 
 
 
 
 
 
 
 
 
 
 
Consolidated Income (Loss) from Operations:
 
 
 
 
 
 
 
 
 
 
 
 
International
 
$
(54,613)
 
8.3
%
 
$
48,268
 
(6.2)
%
United States
 
 
(600,249)
 
91.7
%
 
 
(822,206)
 
106.2
%
 
 
 
 
 
 
 
 
 
 
 
 
 
Total Consolidated Loss from Operations
 
$
(654,862)
 
100.0
%
 
$
(773,938)
 
100.0
%
 
 
 
 
 
 
 
 
 
 
 
 
 
Consolidated Net Loss Attributable to Controlling Interests:
 
 
 
 
 
 
 
 
 
 
 
 
International
 
$
(155,372)
 
4.9
%
 
$
(42,256)
 
0.5
%
United States
 
 
(3,011,968)
 
95.1
%
 
 
(8,047,585)
 
99.5
%
 
 
 
 
 
 
 
 
 
 
 
 
 
Total Consolidated Net Loss Attributable to Controlling Interests
 
$
(3,167,340)
 
100.0
%
 
$
(8,089,841)
 
100.0
%
 
 
 
 
 
 
 
 
 
 
 
 
 
Income tax (expense) benefit:
 
 
 
 
 
 
 
 
 
 
 
 
United States
 
 
(681,886)
 
100.0
%
 
 
111,114
 
100.0
%
 
 
 
 
 
 
 
 
 
 
 
 
 
Consolidated Sales, net by category:
 
 
 
 
 
 
 
 
 
 
 
 
Rum
 
$
11,871,131
 
28.7
%
 
$
12,218,671
 
34.3
%
Liqueur
 
 
6,963,682
 
16.9
%
 
 
7,233,871
 
20.3
%
Whiskey
 
 
13,282,260
 
32.2
%
 
 
9,566,257
 
26.8
%
Vodka
 
 
1,782,560
 
4.3
%
 
 
2,097,406
 
5.9
%
Tequila
 
 
182,451
 
0.4
%
 
 
157,984
 
0.4
%
Wine
 
 
—
 
0.0
%
 
 
293,488
 
0.8
%
Related Non-Alcoholic Beverage Products
 
 
7,218,333
 
17.5
%
 
 
4,089,936
 
11.5
%
 
 
 
 
 
 
 
 
 
 
 
 
 
Total Consolidated Sales, net
 
$
41,300,417
 
100.0
%
 
$
35,657,613
 
100.0
%
   
 
 
As of December 31, 2014
 
 
As of March 31, 2014
 
Consolidated Assets:
 
 
 
 
 
 
 
 
 
 
 
 
International
 
$
2,527,558
 
5.9
%
 
 
2,201,343
 
6.0
%
United States
 
 
40,432,638
 
94.1
%
 
 
34,320,167
 
94.0
%
 
 
 
 
 
 
 
 
 
 
 
 
 
Total Consolidated Assets
 
$
42,960,196
 
100.0
%
 
 
36,521,510
 
100.0
%