XML 21 R2.htm IDEA: XBRL DOCUMENT v3.3.0.814
Condensed Consolidated Balance Sheets - USD ($)
Sep. 30, 2015
Dec. 31, 2014
Current assets:    
Cash and cash equivalents $ 3,158,965 $ 4,989,392
Accounts receivable, less allowances of $30,200 in 2015 and $26,300 in 2014 84,536 265,530
Accounts and note due from employees and distributors 132,786 121,208
Inventories    
Finished goods 4,042,963 3,782,171
Raw materials 1,438,039 1,216,031
Sales aids and promotional materials 138,485 179,263
Total inventories 5,619,487 5,177,465
Refundable income taxes 472,157 257,577
Prepaid expenses and other current assets 771,657 661,038
Deferred income taxes 72,000 61,000
Total current assets 10,311,588 11,533,210
Other assets 272,682 295,929
Cash surrender value of life insurance 2,823,160 2,747,944
Note receivable due from distributor 1,656,449 1,732,982
Deferred income taxes 714,000 686,000
Intangible assets, net 2,723,179 2,925,775
Property, plant and equipment:    
Land and land improvements 893,735 883,563
Building 9,951,393 9,966,748
Machinery & equipment 4,350,849 4,355,040
Office equipment 1,223,983 1,235,192
Computer equipment & software 2,337,873 2,505,229
Property, plant, and equipment,Gross 18,757,833 18,945,772
Less: Accumulated depreciation 12,183,081 12,019,802
Net property, plant and equipment 6,574,752 6,925,970
Total assets 25,075,810 26,847,810
Accounts payable and accrued expenses:    
Trade accounts payable and other accrued expenses 2,348,308 2,026,198
Distributors' commissions payable 1,588,129 1,753,908
Sales taxes payable 225,884 292,188
Payroll, payroll taxes, and incentive compensation payable 324,539 1,114,763
Total accounts payable and accrued expenses 4,486,860 5,187,057
Current portion of long-term debt 813,560 697,423
Total current liabilities 5,300,420 5,884,480
Noncurrent liabilities:    
Revolving line of credit 0 500,000
Long-term debt, less current portion 3,279,589 3,047,267
Other noncurrent liabilities 377,825 418,785
Total noncurrent liabilities 3,657,414 3,966,052
Stockholders' equity:    
Preferred stock, par value $.001 per share; 3,000,000 shares authorized; -0- shares issued and outstanding in 2015 and 2014 0 0
Common stock, par value $.001 per share; 30,000,000 authorized; 14,773,083 shares issued and 12,919,110 shares outstanding as of 9/30/2015; 14,673,083 shares issued and 12,819,110 shares outstanding as of 12/31/2014 14,773 14,673
Additional paid-in capital 30,484,480 30,321,598
Accumulated deficit (8,453,145) (7,434,595)
Accumulated other comprehensive loss:    
Foreign currency translation adjustment (589,572) (565,838)
Treasury stock (5,338,560) (5,338,560)
Total stockholders' equity 16,117,976 16,997,278
Total liabilities and stockholders' equity $ 25,075,810 $ 26,847,810