| 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 whiskeys, rum, 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 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 June 30, |
|
| |
|
2018 |
|
|
2017 |
|
| Consolidated Sales, net: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| International |
|
$ |
2,299,006 |
|
|
|
10.0 |
% |
|
$ |
2,264,779 |
|
|
|
10.9 |
% |
| U.S. – control states |
|
|
5,311,639 |
|
|
|
23.0 |
% |
|
|
4,279,310 |
|
|
|
20.5 |
% |
| U.S. – open states |
|
|
15,493,743 |
|
|
|
77.0 |
% |
|
|
14,308,198 |
|
|
|
79.5 |
% |
| United States |
|
|
20,805,382 |
|
|
|
90.0 |
% |
|
|
18,587,508 |
|
|
|
89.1 |
% |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Total Consolidated Sales, net |
|
$ |
23,104,388 |
|
|
|
100.0 |
% |
|
$ |
20,852,287 |
|
|
|
100.0 |
% |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Consolidated (Loss) Income from Operations: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| International |
|
$ |
(77,906 |
) |
|
|
(11.4 |
)% |
|
$ |
(28,998 |
) |
|
|
(53.2 |
)% |
| United States |
|
|
762,510 |
|
|
|
111.4 |
% |
|
|
83,469 |
|
|
|
153.2 |
% |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Total Consolidated Income from Operations |
|
$ |
684,604 |
|
|
|
100.0 |
% |
|
$ |
54,471 |
|
|
|
100.0 |
% |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Consolidated Net Loss Attributable to Common Shareholders: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| International |
|
$ |
(49,002 |
) |
|
|
7.1 |
% |
|
$ |
(5,209 |
) |
|
|
0.6 |
% |
| United States |
|
|
(641,705 |
) |
|
|
92.9 |
% |
|
|
(941,186 |
) |
|
|
99.4 |
% |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Total Consolidated Net Loss Attributable to Common Shareholders |
|
$ |
(690,707 |
) |
|
|
100.0 |
% |
|
$ |
(946,395 |
) |
|
|
100.0 |
% |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Income tax expense, net: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| United States |
|
$ |
(18,115 |
) |
|
|
100.0 |
% |
|
$ |
(18,413 |
) |
|
|
100.0 |
% |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Consolidated Sales, net by category: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Whiskey |
|
$ |
9,484,388 |
|
|
|
41.1 |
% |
|
$ |
7,170,489 |
|
|
|
34.4 |
% |
| Rum |
|
|
4,557,023 |
|
|
|
19.7 |
% |
|
$ |
4,453,503 |
|
|
|
21.4 |
% |
| Liqueurs |
|
|
1,987,096 |
|
|
|
8.6 |
% |
|
|
2,058,908 |
|
|
|
9.9 |
% |
| Vodka |
|
|
320,578 |
|
|
|
1.4 |
% |
|
|
289,463 |
|
|
|
1.4 |
% |
| Tequila |
|
|
58,683 |
|
|
|
0.3 |
% |
|
|
45,176 |
|
|
|
0.2 |
% |
| Ginger beer |
|
|
6,696,620 |
|
|
|
29.0 |
% |
|
|
6,834,748 |
|
|
|
32.8 |
% |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Total Consolidated Sales, net |
|
$ |
23,104,388 |
|
|
|
100.0 |
% |
|
$ |
20,852,287 |
|
|
|
100.0 |
% |
| |
|
As of June 30, 2018 |
|
|
As of March 31, 2018 |
|
| Consolidated Assets: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| International |
|
$ |
2,645,077 |
|
|
|
4.2 |
% |
|
$ |
2,886,735 |
|
|
|
4.8 |
% |
| United States |
|
|
60,033,820 |
|
|
|
95.8 |
% |
|
|
57,446,625 |
|
|
|
95.2 |
% |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Total Consolidated Assets |
|
$ |
62,678,897 |
|
|
|
100.0 |
% |
|
$ |
60,333,360 |
|
|
|
100.0 |
% |
|