XML 20 R29.htm IDEA: XBRL DOCUMENT v2.4.0.8
Acquisitions, Dispositions and Other Transactions (Details) (USD $)
3 Months Ended 0 Months Ended 0 Months Ended 0 Months Ended 0 Months Ended
Mar. 31, 2014
Dec. 31, 2013
Oct. 16, 2014
Subsequent event
Oct. 15, 2014
Subsequent event
Apr. 10, 2013
Common Stock
Dec. 31, 2012
Common Stock
Aug. 24, 2012
Rochon Capital
Mar. 31, 2014
Rochon Capital
Apr. 10, 2013
Rochon Capital
Mar. 14, 2014
Uppercase Living
item
Mar. 31, 2014
Uppercase Living
Mar. 14, 2014
UAI
Mar. 31, 2013
TLC
Mar. 18, 2013
TLC
Mar. 18, 2013
TLC
Convertible notes one
Mar. 18, 2013
TLC
Promissory note
Acquisitions                                
Common stock issuable in consideration (in shares)                   12,725            
Par value of common stock issuable in consideration (in dollars per share) $ 0.0001 $ 0.0001               $ 0.0001            
Fair value of common stock issuable in consideration                   $ 96,706            
Shares delivered to escrow account                   16,195            
Fair value of shares delivered to escrow account                   123,081            
Maximum duration of escrow account                   24 months            
Payable recorded due to non delivery of shares of common stock                     219,787          
Number of contingent payments                   3            
Contingent consideration payable in 2014 (as a percent)                   10.00%            
Contingent consideration payable in 2015 (as a percent)                   10.00%            
Contingent consideration payable in 2016 (as a percent)                   10.00%            
Ownership interest acquired of the voting stock (as a percent)                           64.60%    
Ownership interest acquired of all the stock (as a percent)                           51.70%    
Amount of debt                             6,500,000 4,000,000
Current assets:                                
Cash and cash equivalents                       2,000   84,062    
Accounts receivable                       1,742   259,602    
Inventory                       96,497   19,892,740    
Prepaid expenses and other                           1,074,420    
Total current assets                       100,239   21,310,824    
Property, plant and equipment                       23,230   28,469,390    
Goodwill 4,744,107 4,422,928                   469,065        
Other assets                       16,366   3,946,570    
Total assets                       608,900   53,726,784    
Current liabilities:                                
Accounts payable - trade                       267,337   6,383,107    
Accrued commissions                       79,003        
Deferred revenue                       28,399   4,132,386    
Line of credit payable                           9,319,612    
Current portion of long-term debt                           354,390    
Other current liabilities                       96,706   3,962,045    
Total current liabilities                       471,445   24,151,540    
Long-term debt                           9,265,766    
Other long-term liabilities                       137,455        
Total liabilities                   512,195   608,900   33,417,306    
Stockholders' equity:                                
Stockholders' equity attributable to CVSL stockholders'                           10,500,000    
Stockholders' equity attributable to noncontrolling interest                           9,809,478    
Total stockholders' equity                           20,309,478    
Total liabilities and stockholders' equity                       608,900   53,726,784    
Proceeds from sale of industrial building at the ECO Business Park in Frazeysburg, Ohio 1,333,857                              
Gain on sale of industrial building at the ECO Business Park in Frazeysburg, Ohio 271,970                              
Net gain on sales of other assets 6,043                              
TLC Results from Operations                                
Gross sales                         3,998,530      
Program costs and discounts                         (1,031,970)      
Net sales                         2,966,560      
Costs of sales                         1,370,120      
Gross profit                         1,596,440      
Commissions and incentives                         604,404      
Selling, general and administrative                         906,007      
Operating profit                         86,029      
Interest expense, net                         37,488      
Net income                         48,541      
Net earnings attributable to noncontrolling interest                         23,445      
Net earnings attributed to CVSL                         $ 25,096      
Restricted common stock issued (in shares)             21,904,302                  
Restricted common stock issued (as a percent)             90.00%                  
Additional shares issuable under Share Exchange Agreement               25,240,676 25,240,676              
Authorized number of shares of common stock 250,000,000 250,000,000 250,000,000 5,000,000,000 5,000,000,000 490,000,000                    
Reverse stock split of issued and outstanding shares of common stock     0.05