v3.10.0.1

Geographic Information

6 Months Ended

Sep. 30, 2018

Segment Reporting [Abstract]

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 September 30,
		2018								2017
Consolidated Sales, net:
International		$	2,237,418				9.6	%		$	2,177,367				10.4	%
U.S. - control states			4,519,667				21.4	%			4,365,492				23.3	%
U.S. - open states			16,553,078				78.6	%			14,351,291				76.7	%
United States			21,072,745				90.4	%			18,716,783				89.6	%
Total Consolidated Sales, net		$	23,310,163				100.0	%		$	20,894,150				100.0	%
Consolidated Income from Operations:
International		$	24,211				2.3	%		$	15,737				1.4	%
United States			1,024,228				97.7	%			1,143,139				98.6	%
Total Consolidated Income from Operations		$	1,048,439				100.0	%		$	1,158,876				100.0	%
Consolidated Net Income (Loss) Attributable to Common Shareholders:
International		$	48,135				22.3	%		$	47,470				2,822.9	%
United States			(264,271	)			(122.3	)%			(49,151	)			(2,922.9	)%
Total Consolidated Net Loss Attributable to Common Shareholders		$	(216,136	)			100.0	%		$	(1,681	)			100.0	%
Income tax expense, net:
United States		$	217				100.0	%		$	25,335				100.0	%
Consolidated Sales, net by category:
Whiskey		$	9,000,528				38.6	%		$	7,335,290				35.2	%
Rum			4,176,749				17.9	%		$	4,168,262				19.9	%
Liqueurs			2,536,745				10.9	%			2,579,437				12.3	%
Vodka			336,166				1.4	%			353,792				1.7	%
Tequila			26,479				0.1	%			84,560				0.4	%
Ginger beer			7,235,923				31.0	%			6,372,809				30.5	%
Total Consolidated Sales, net		$	23,310,163				100.0	%		$	20,894,150				100.0	%

		Six months ended September 30,
		2018								2017
Consolidated Sales, net:
International		$	4,544,236				9.8	%		$	4,442,146				10.6	%
U.S. - control states			9,831,306				23.5	%			8,644,802				23.2	%
U.S. - open states			32,039,009				76.5	%			28,659,489				76.8	%
United States			41,870,315				91.2	%			37,304,291				89.4	%
Total Consolidated Sales, net		$	46,414,551				100.0	%		$	41,746,437				100.0	%
Consolidated (Loss) Income from Operations:
International		$	(53,695	)			(3.1	)%		$	(13,261	)			(1.1	)%
United States			1,786,738				103.1	%			1,226,608				101.1	%
Total Consolidated Income from Operations		$	1,733,043				100.0	%		$	1,213,347				100.0	%
Consolidated Net (Loss) Income Attributable to Common Shareholders:
International		$	(867	)			0.1	%		$	42,262				4.5	%
United States			(905,976	)			99.9	%			(990,340	)			(104.5	)%
Total Consolidated Net Loss Attributable to Common Shareholders		$	(906,843	)			100.0	%		$	(948,078	)			100.0	%
Income tax expense, net:
United States		$	(17,898	)			100.0	%		$	(43,748	)			100.0	%
Consolidated Sales, net by category:
Whiskey		$	19,141,660				39.8	%		$	14,505,777				34.8	%
Rum			8,733,772				18.8	%		$	8,621,765				20.7	%
Liqueurs			4,523,841				9.7	%			4,638,346				11.1	%
Vodka			656,744				1.4	%			643,255				1.5	%
Tequila			85,162				0.2	%			129,736				0.3	%
Ginger beer			13,932,543				30.0	%			13,207,558				31.6	%
Total Consolidated Sales, net		$	46,414,551				100.0	%		$	41,746,437				100.0	%

		As of September 30, 2018								As of March 31, 2018
Consolidated Assets:
International		$	2,501,001				3.8	%		$	2,886,735				4.8	%
United States			62,905,365				96.2	%			57,446,625				95.2	%
Total Consolidated Assets		$	65,406,366				100.0	%		$	60,333,360				100.0	%

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- References

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- 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://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-URI http://asc.fasb.org/topic&trid=2134510

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