? Burnside Whiskey Family - Our Burnside Whiskey Family celebrates the
unique attributes of the native Oregon Oak tree (Quercus garryana). The
unique complexity of each distinct whiskey comes from blending Oregon Oak
barrels of differing sizes, char levels, and ages. After an initial
experiment in 2012, we made it our mission to turn the Burnside program
? Portland Potato Vodka - Our award-winning premium craft vodka is distilled
four times to ensure a smooth finish. While most vodka is made from grain,
we source award winning premium potato ethanol and blend it with pristine
? Hue-Hue (pronounced "way-way") Coffee Rum - Premium silver rum is blended
with concentrated cold-brewed coffee and a small amount of Demerara sugar.
We source fair-trade, single-origin Arabica coffee beans from the Finca El
Paternal Estate in Huehuetenango, Guatemala that are lightly roasted for
? Azuñia Tequilas - Smooth, clean, tequilas crafted by Rancho Miravalle, a
bottled on-site in small batches using a consistent process to deliver
? Eastside Brands - We make the unique by blending together the unusual,
craft inspired, experiential brands and high-quality artisan, in-and-out,
seasonal and ongoing limited-edition products. Each Eastside-branded
We print 12-ounce or 16-ounce cans in any quantity with any image. This flexibility allows for custom graphics of limited releases, vintages, partnerships, and special events.
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Our Craft mobile team offers a variety of services and products, including:
? High Mobile Canning Capacity - We operate 14 Wild Goose MC-250 machines,
with the capacity to can over 150,000 barrels per year. In addition to the
? Large Craft Volumes - With capabilities of around 600-800 cases per shift,
we can manage any volume. Averaging 40 cans per minute, each machine can
trained. A fully insured workforce is ready to take on any and all of the
customer's packaging needs. We believe in continuous improvement, and we
understand the value of our clients' products and dedicate ourselves to
customer's can. We use luminometers and ATP swabs to ensure sanitation of
our equipment. We can provide Zahm & Nagel volume meters to measure carbon
dioxide ("CO2") volumes in carbonated products before packaging. As
masters of the "double seam" we frequently take on-site measurements with
capabilities that supports microbial control and allows packaging of still
end-to-end branding and packaging solution, accessible from our smallest
to our largest customers. We also provide outfeed labeling and the ability
to package customer-provided branded cans of all varieties.
? Location Flexibility - We allow our customers to choose the location of
canning. We bring our mobile equipment to their facility, or our customers
Loss from operations (1,126 ) (1,393 ) 267 (2,756 ) (3,692 ) 936 Interest expense
Customer programs and excise taxes
Cost of sales consists of all direct costs related to both spirits and canning for service, labor, overhead, packaging, and in-bound freight charges.
Net loss was $(3.8) million and net income of $1.9 million for the six months ended June 30, 2022 and 2021, respectively, and $(1.8) million for both the three months ended June 30, 2022 and 2021.
We continue to make substantial investments in Craft C+P, which we believe will deliver improved results during 2022, in part due to our acquisition of a state-of-the-art digital can printer that will add incremental services and revenue.
Our cash flow results for the six months ended June 30, 2022 and 2021 were as follows:
In connection with the preparation of our financial statements for the six months ended June 30, 2022, there was one accounting estimate we made that was subject to a high degree of uncertainty and was critical to our results, as follows:
Based on our assumptions, we believe that, as of June 30, 2022, the Azuñia brand was not impaired.
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