Supporting Independent Brewers with Craft Beer Subscription Boxes

Indefinite Living Intangible Asset Mostly, indescutable-lived intangible assets are trademarks, domain names, and recipes. By matching the carrying value of the asset to its expected fair value measured by using discounted cash flows that the asset is expected to generate, we assess the recoverability of indefinite-lived intangible assets annually, or more frequently if 

events or changes in circumstance indicate that the asset might be impaired. We have found no impairment for every time that is shown refundable kegs' deposit Our draft beer is distributed from owned kegs that show up on our Consolidated Balance Sheets at cost and is depreciated over the projected keg lifetime. Draft beer is delivered to the distributor and we 

gather a refundable deposit that shows up as a current obligation in our Consolidated Balance Sheets. The deposit is reimbursed to the wholesaler upon keg return to us. Due to the great volume of kegs handled by each wholesaler and retailer, the homogeneous nature of kegs owned by most brewers, and the rather small deposit collected for each keg when compared 

With its market value we have experienced

some loss of kegs and anticipate that some loss will occur in future periods. We periodically use internal records kept by A-B, records kept by other third-party vendors, and historical data to estimate the physical count of kegs held by wholesalers and A-B, therefore estimating forfeited deposits related to missing kegs. As of the date of the consolidated financial 

statements, these approximates influence the amount recorded as equipment and refundable deposits. The real responsibility for refundable deposits could differ from projections. December 31, 2014 and 2013 comprised $8.0 million in refundable deposits on kegs and $10.1 million and $6.5 million, respectively, in keg equipment, net of accrued depreciation in 

our Consolidated Balance Sheets Risk Concentrate Mostly, financial instruments that could expose us to credit risk are accounts receivable. Although A-B and wholesalers account for almost all accounts receivable, their geographic distribution and state legislation controlling their financial operations restrict this concentration danger given the number of wholesalers 

Of  alcoholic drinks Comprehensive 

Income Compiler. A-B wholesale distributor network members could be independent wholesale distributors or branches of A-B When a product is delivered to our contract brewing customer, we record revenue on contract brewing sales We record income from events at the time of the event and income on retail sales at the time of sale Taxes on Exchange Although 

federal and state agencies are not paid by our clients, the federal government assesses exccise taxes under our obligation. Appropriate federal and state excise taxes lower net sales as shown in our Consolidated Statements of Income Taxes Paid by Consumers and Sent to Governmental AuthoritieWe consider tax paid by a governmental entity directly imposed on a revenue source Comprising television, radio, print, outdoor advertising, on-line and social 

media medes in our Consolidated Statements of Income, advertising expense Usually, local wholesalesers cover the cost of the advertising program The stated price of our common stock on the day of award is noted; reimbursements from wholesalers for advertising and promotion activities are noted. The Black-Scholes-Merton (“BSM") option-pricing model helps 

One to determine the fair value of stock 

option awards at the grant date The BSM model calls for certain judgmental assumptions, including predicted volatility and opti-awards grounded in past performance and projected future activity. Based on an analysis of the likelihood that performance goals will be fulfilled, the expected fair value of performance-based stock awards is identified over the service 

period. We reassess the likelihood of reaching the performance targets for every reporting period. Should we find that performance goals are not likely of happening in next reporting periods, no compensation expense will be recorded and any past-due compensation expense would be reversed Legal expense We are a party to legal processes starting in line with 

regular business. We build for specific legal expenses, including attorney fees, and possible settlement claims connected to several reasonably expected legal events. Legal expenses are expensed as incurred as part of Selling, general, and administrative expenses whether  not estimable and probable Income Tax RatesOperating loss and tax credit carryforwards as 

Conclusion

well as deferred income taxes established for the variances between the financial reporting and income tax basis of assets and liabilities. A valuation allowance lowers deferred tax assets in cases when management believes it more likely than not some portion of the deferred tax assets will not be realized. Measured using enacted tax rates projected to apply to taxable revenue in the years inise taxes on the sale of alcoholic beverages, including beer, 

deferred tax assets and liabilities are The federal excise tax is $7 per barrel on the first 60,000 barrels of beer withdrawn for consumption or sale during the calendar year and $18 per barrel for each barrel in excess of 60,000 barrels for brewers generating less than two million barrels of beer annually. Individual states also levy exact tariffs on different quantities of alcohol beverages. Sales, as shown in our Consolidated Statements of Income, shows the amounts