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	%