XML 46 R2.htm IDEA: XBRL DOCUMENT v2.4.0.8
Condensed Consolidated Balance Sheets (USD $)
Jun. 30, 2013
Dec. 31, 2012
Assets    
Cash and cash equivalents $ 4,255,963 $ 5,801,042
Accounts receivable, less allowances of $32,000 in 2013 and $35,700 in 2012 172,899 247,087
Accounts and note due from employees and distributors 141,372 109,346
Inventories    
Finished goods 3,691,195 3,661,289
Raw materials 1,634,295 1,332,293
Sales aids and promotional materials 256,520 269,334
Total inventories 5,582,010 5,262,916
Refundable income taxes 22,261 10,632
Prepaid expenses and other current assets 1,396,611 688,669
Deferred income taxes 352,000 371,000
Total current assets 11,923,116 12,490,692
Other assets 231,365 206,022
Cash surrender value of life insurance 2,343,146 2,083,420
Note receivable due from distributor 1,876,119 1,923,000
Intangible assets, net 1,366,630 1,443,635
Property, plant and equipment:    
Land and land improvements 883,563 883,563
Building 9,836,895 9,905,967
Machinery & equipment 3,769,327 3,767,910
Office equipment 1,194,484 1,231,215
Computer equipment & software 2,662,325 2,666,150
Property, plant, and equipment 18,346,594 18,454,805
Less: Accumulated depreciation 11,471,451 11,343,033
Net property, plant and equipment 6,875,143 7,111,772
Total assets 24,615,519 25,258,541
Liabilities and stockholders' equity    
Trade accounts payable and other accrued expenses 3,441,196 2,924,111
Distributors' commissions payable 1,952,110 2,293,019
Sales taxes payable 171,354 283,700
Payroll and payroll taxes payable 354,061 484,170
Total accounts payable and accrued expenses 5,918,721 5,985,000
Current maturities of long-term debt 444,807 629,631
Total current liabilities 6,363,528 6,614,631
Noncurrent liabilities:    
Long-term debt, less current maturities 2,194,129 2,401,312
Deferred income taxes 166,000 289,000
Other noncurrent liabilities 630,162 371,728
Total noncurrent liabilities 2,990,291 3,062,040
Stockholders' equity:    
Preferred stock, par value $.001 per share; 3,000,000 shares authorized; -0- shares issued and outstanding in 2013 and 2012 0 0
Common stock, par value $.001 per share; 30,000,000 authorized; 14,511,816 shares issued and 12,615,595 shares outstanding as of 6/30/2013; 14,511,816 shares issued and 12,619,640 shares outstanding as of 12/31/2012 14,512 14,512
Additional paid-in capital 30,097,038 30,074,801
Accumulated deficit (8,828,504) (8,557,178)
Accumulated other comprehensive loss:    
Foreign currency translation adjustment (560,267) (494,550)
Treasury stock (5,461,079) (5,455,715)
Total stockholders' equity 15,261,700 15,581,870
Total liabilities and stockholders' equity $ 24,615,519 $ 25,258,541