| Schedule of Segment Information |
Segment
information was as follows for the nine months ended September 30, 2022 and 2021:
Schedule of Segment Information
| (Dollars in thousands) | |
2022 | | |
2021 | |
| Spirits | |
| | | |
| | |
| Sales | |
$ | 7,586 | | |
$ | 4,304 | |
| Net sales | |
| 7,293 | | |
| 3,966 | |
| Cost of sales | |
| 4,176 | | |
| 2,989 | |
| Gross profit | |
| 3,117 | | |
| 977 | |
| Total operating expenses | |
| 3,595 | | |
| 4,358 | |
| Net income (loss) | |
| (2,397 | ) | |
| 1,484 | |
| Gross margin | |
| 43 | % | |
| 25 | % |
| | |
| | | |
| | |
| Interest expense | |
$ | 1,944 | | |
$ | 846 | |
| Depreciation and amortization | |
| 122 | | |
| 229 | |
| Significant noncash items: | |
| | | |
| | |
| (Gain) loss on disposal of property and equipment | |
| (12 | ) | |
| 298 | |
| Forgiveness of debt - PPP | |
| - | | |
| (1,052 | ) |
| Remeasurement of deferred consideration | |
| - | | |
| (750 | ) |
| Gain on disposal of offsite inventory | |
| - | | |
| (1,047 | ) |
| One-time professional fees | |
| - | | |
| 403 | |
| Stock compensation | |
| 458 | | |
| 287 | |
| | |
| | | |
| | |
| Craft C+P | |
| | | |
| | |
| Sales | |
$ | 4,381 | | |
$ | 5,834 | |
| Net sales | |
| 4,281 | | |
| 5,834 | |
| Cost of sales | |
| 4,809 | | |
| 4,499 | |
| Gross profit | |
| (528 | ) | |
| 1,335 | |
| Total operating expenses | |
| 3,700 | | |
| 3,150 | |
| Net loss | |
| (4,160 | ) | |
| (1,454 | ) |
| Gross margin | |
| -12 | % | |
| 23 | % |
| | |
| | | |
| | |
| Interest expense | |
$ | 32 | | |
$ | 39 | |
| Depreciation and amortization | |
| 982 | | |
| 674 | |
| Significant noncash items: | |
| | | |
| | |
| Loss on disposal of property and equipment | |
| 113 | | |
| 123 | |
| Forgiveness of debt - PPP | |
| - | | |
| (396 | ) |
| Stock compensation | |
| 365 | | |
| 290 | |
|