Innovative Craft Beer Subscription Boxes You Need to Know About

several levels, which have changed throughout time. Legislators both federal and state regularly review several ideas to levy additional excise taxes on the manufacturing of beer and other alcoholic products. Should such hikes in excise taxes be passed, our financial situation, operational performance, and cash flows would suffer. Government rules impacting 

our bars and brewers are under our purview. Production and distribution of beer is governed by federal, state, and municipal laws and rules covering permission, licencing, trade practices, labeling, advertising and marketing, distributor relationships and varied other things. Many federal, state, and local governments also impose taxes, license fees, and other similar 

charges; they may also demand bonds to guarantee adherence to relevant laws and regulations. Noncompliance with such rules and regulations might cause the Alcohol and Tobacco Tax and Trade Bureau or any particular state or jurisdiction to revoke its license or permission, therefore limiting our capacity to conduct business, or lead to the imposition of 

Major fines or penalties One or more 

regulatory bodies could find that we have not maintained the approvals required for us to operate within our jurisdiction or followed relevant licencing or permitting rules. Should licenses, permits or approvals needed for our brewery or pub operations be absent or unduly delayed, or should any licenses we currently possess be revoked, our capacity to conduct 

business may be disrupted, so affecting our financial situation, operational results, and cash flows in the future including those resulting from growing operations. The craft beer company is seasonal, hence we probably will see swings in operational performance and financial situation. Craft beer product sales are quite seasonal; generally, the first and fourth quarters 

are lower while the rest of the year drives higher sales. Moreover influencing our sales volume may be the weather and the selling days inside a given timeframe. Consequently, the results for any one quarter will probably not reflect the possible outcomes for the entire fiscal year. Should a negative even such as a regional economic slowdown or bad weath occur 

During the second or third quarters

the seasonal business would probably have a more significant impact on our sales If at all possible, we could be unable to fund our operations and contractual commitments at competitive rates, on commercially reasonable terms, or in sufficient volumes via public or private debt markets Our operations and capital expenditure commitments are partially 

funded by our revolving line of credit with Bank of America, N.A. ("BofA"). Our planned 2015 capital expenditures run from $17 million to $21 million. Many things could lead to higher borrowing expenses and more difficulties accessing public and private markets for loans. These elements comprise our financial performance or credit, general economic conditions, 

disturbances or reductions in the global capital markets, and so forth. Any one or all of these elements could have a negative impact on our capacity to finance our operations or contractual or financing obligations. Should our company not meet expectations—that is, should we produce less income than projected from our activities or face large unanticipated 

Expenseswe could find ourselves unable 

to follow the financial covenants under our credit facilities. Should we violate our financial covenants and fail to get a waiver or amendment, BofA may choose to have all funds owing turned into immeed businesses under our company and assumption of unexpected liabilities Since 2008, we have made two purchases; going forward, we might look at joint 

ventures or investment prospects. We cannot promise, nevertheless, that we will be able to spot or seize such prospects. Should we indeed engage in such transactions, we might not see the expected advantages. From a cultural standpoint as well as with regard to technological integration, acquisitions entail many hazards including those related to the 

assumption of unforeseen liabilities of an acquired company, adverse accounting charges resulting from the acquisition, and challenges in merging acquired companies into our business. Any of which could have a significant negative impact on our financial situation and results of operations: our inability to effectively combine acquired companies or manage joint 

Conclusion

ventures could result in higher costs, failure to generate expected returns, or even a total loss of amounts invested and due. Any default could call on us to look for further capital or changes to our credit facilities, which could not be readily accessible or reasonably priced. Any one of these risks and uncertainties could have a significant negative impact on our company, financial situation, operational performance, cash flows, etc Our financial results 

and cash flows could suffer if we fail to get expected returns on capital expenditures in our breweries and information technology We have made, and intend to keep making, large investments in improvements targeted at raising the efficiency, capabilities and capacity of our breweries, streamlining our ordering and logistics systems, and so improving the customer