| Geographic Information |
NOTE 13 — GEOGRAPHIC INFORMATION
The Company operates in one reportable
segment — the sale of premium beverage alcohol. The Company’s product categories are rum, whiskey, liqueurs, vodka,
tequila and ginger beer, a related non-alcoholic beverage product. 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 from operations, consolidated net income (loss) attributable to
common shareholders, consolidated income tax expense and consolidated assets from the U.S. and foreign countries and consolidated
sales, net by category.
| |
|
Three months ended September 30, |
|
| |
|
2017 |
|
|
2016 |
|
| Consolidated Sales, net: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| International |
|
$ |
2,177,367 |
|
|
|
10.4 |
% |
|
$ |
2,060,044 |
|
|
|
10.5 |
% |
| United States |
|
|
18,716,783 |
|
|
|
89.6 |
% |
|
|
17,567,747 |
|
|
|
89.5 |
% |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Total Consolidated Sales, net |
|
$ |
20,894,150 |
|
|
|
100.0 |
% |
|
$ |
19,627,791 |
|
|
|
100.0 |
% |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Consolidated Income (Loss) from Operations: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| International |
|
$ |
15,737 |
|
|
|
1.4 |
% |
|
$ |
(6,843 |
) |
|
|
(2.3 |
)% |
| United States |
|
|
1,143,139 |
|
|
|
98.6 |
% |
|
|
308,384 |
|
|
|
102.3 |
% |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Total Consolidated Income from Operations |
|
$ |
1,158,876 |
|
|
|
100.0 |
% |
|
$ |
301,541 |
|
|
|
100.0 |
% |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Consolidated Net Income (Loss) Attributable to Common Shareholders: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| International |
|
$ |
47,470 |
|
|
|
2,822.9 |
% |
|
$ |
17,871 |
|
|
|
2.6 |
% |
| United States |
|
|
(49,151 |
) |
|
|
(2,922.9 |
)% |
|
|
(718,581 |
) |
|
|
(102.6 |
)% |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Total Consolidated Net Loss Attributable to Common Shareholders |
|
$ |
(1,681 |
) |
|
|
100.0 |
% |
|
$ |
(700,710 |
) |
|
|
100.0 |
% |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Income tax expense, net: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| United States |
|
$ |
25,335 |
|
|
|
100.0 |
% |
|
$ |
(477,962 |
) |
|
|
100.0 |
% |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Consolidated Sales, net by category: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Whiskey |
|
$ |
7,335,290 |
|
|
|
35.2 |
% |
|
$ |
6,486,287 |
|
|
|
24.7 |
% |
| Rum |
|
|
4,168,262 |
|
|
|
19.9 |
% |
|
|
4,837,653 |
|
|
|
33.0 |
% |
| Liqueurs |
|
|
2,579,437 |
|
|
|
12.3 |
% |
|
|
2,560,819 |
|
|
|
13.0 |
% |
| Vodka |
|
|
353,792 |
|
|
|
1.7 |
% |
|
|
414,052 |
|
|
|
2.1 |
% |
| Tequila |
|
|
84,560 |
|
|
|
0.4 |
% |
|
|
68,731 |
|
|
|
0.4 |
% |
| Ginger beer |
|
|
6,372,809 |
|
|
|
30.5 |
% |
|
|
5,260,249 |
|
|
|
26.8 |
% |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Total Consolidated Sales, net |
|
$ |
20,894,150 |
|
|
|
100.0 |
% |
|
$ |
19,627,791 |
|
|
|
100.0 |
% |
| |
|
Six Months ended September 30, |
|
| |
|
2017 |
|
|
2016 |
|
| Consolidated Sales, net: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| International |
|
$ |
4,442,146 |
|
|
|
10.6 |
% |
|
$ |
3,799,543 |
|
|
|
10.4 |
% |
| United States |
|
|
37,304,291 |
|
|
|
89.4 |
% |
|
|
32,579,173 |
|
|
|
89.6 |
% |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Total Consolidated Sales, net |
|
$ |
41,746,437 |
|
|
|
100.0 |
% |
|
$ |
36,378,716 |
|
|
|
100.0 |
% |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Consolidated Income (Loss) from Operations: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| International |
|
$ |
(13,261 |
) |
|
|
(1.1 |
)% |
|
$ |
(105,068 |
) |
|
|
(73.5 |
)% |
| United States |
|
|
1,226,608 |
|
|
|
101.1 |
% |
|
|
247,940 |
|
|
|
173.5 |
% |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Total Consolidated Income from Operations |
|
$ |
1,213,347 |
|
|
|
100.0 |
% |
|
$ |
142,872 |
|
|
|
100.0 |
% |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Consolidated Net Income (Loss) Attributable to Common Shareholders: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| International |
|
$ |
42,262 |
|
|
|
4.5 |
% |
|
$ |
(62,134 |
) |
|
|
4.2 |
% |
| United States |
|
|
(990,340 |
) |
|
|
(104.5 |
)% |
|
|
(1,404,395 |
) |
|
|
95.8 |
% |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Total Consolidated Net Loss Attributable to Common Shareholders |
|
$ |
(948,078 |
) |
|
|
100.0 |
% |
|
$ |
(1,466,529 |
) |
|
|
100.0 |
% |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Income tax expense, net: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| United States |
|
|
(43,748 |
) |
|
|
100.0 |
% |
|
|
(688,775 |
) |
|
|
100.0 |
% |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Consolidated Sales, net by category: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Whiskey |
|
$ |
14,505,777 |
|
|
|
34.8 |
% |
|
$ |
11,985,706 |
|
|
|
32.8 |
% |
| Rum |
|
|
8,621,765 |
|
|
|
20.7 |
% |
|
|
9,449,569 |
|
|
|
26.0 |
% |
| Liqueur |
|
|
4,638,346 |
|
|
|
11.1 |
% |
|
|
4,506,191 |
|
|
|
12.4 |
% |
| Vodka |
|
|
643,255 |
|
|
|
1.5 |
% |
|
|
791,637 |
|
|
|
2.2 |
% |
| Tequila |
|
|
129,736 |
|
|
|
0.3 |
% |
|
|
127,339 |
|
|
|
0.4 |
% |
| Ginger beer |
|
|
13,207,558 |
|
|
|
31.6 |
% |
|
|
9,518,274 |
|
|
|
26.2 |
% |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Total Consolidated Sales, net |
|
$ |
41,746,437 |
|
|
|
100.0 |
% |
|
$ |
36,378,716 |
|
|
|
100.0 |
% |
| |
|
As of September 30, 2017 |
|
|
As of March 31, 2017 |
|
| Consolidated Assets: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| International |
|
$ |
2,994,097 |
|
|
|
5.2 |
% |
|
$ |
3,234,536 |
|
|
|
6.0 |
% |
| United States |
|
|
55,116,434 |
|
|
|
94.8 |
% |
|
|
51,107,608 |
|
|
|
94.0 |
% |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Total Consolidated Assets |
|
$ |
58,110,531 |
|
|
|
100.0 |
% |
|
$ |
54,342,144 |
|
|
|
100.0 |
% |
*Includes related non-beverage alcohol products.
|