XML 16 R2.htm IDEA: XBRL DOCUMENT v3.7.0.1
Consolidated Balance Sheets - USD ($)
Dec. 31, 2016
Dec. 31, 2015
Current assets:    
Cash and cash equivalents $ 3,606,817 $ 3,262,263
Accounts receivable, less allowances of $26,700 in 2016 and $30,200 in 2015 126,113 89,376
Accounts due from employees and distributors 139,931 134,668
Inventories:    
Finished goods 2,629,541 3,657,612
Raw materials 1,728,136 1,382,635
Sales aids and promotional materials 130,153 132,475
Total inventories 4,487,830 5,172,722
Refundable income taxes 97,194 522,035
Deferred income taxes 0 66,000
Prepaid expenses and other current assets 474,183 552,645
Total current assets 8,932,068 9,799,709
Other assets 305,137 285,153
Cash surrender value of life insurance 2,965,981 2,848,232
Note receivable due from distributor 1,521,005 1,630,164
Deferred income taxes 487,000 623,000
Intangible assets, net 2,400,234 2,655,647
Property, plant, and equipment 18,600,665 18,766,218
Less accumulated depreciation 12,746,363 12,347,091
Property, plant, and equipment, net 5,854,302 6,419,127
Total assets 22,465,727 24,261,032
Current liabilities:    
Accounts payable and accrued expenses 4,234,305 3,937,752
Current maturities of long-term debt 389,096 781,505
Total current liabilities 4,623,401 4,719,257
Noncurrent liabilities:    
Long-term debt, less current maturities 2,518,341 3,159,575
Noncurrent deferred income taxes 0 94,000
Other noncurrent liabilities 409,813 405,705
Total noncurrent liabilities 2,928,154 3,659,280
Stockholders’ equity:    
Preferred stock, par value $0.001 per share; 3,000,000 shares authorized; -0- shares issued and outstanding in 2016 and 2015 0 0
Common stock, par value $0.001 per share; 30,000,000 shares authorized, 2,110,013 shares issued and 1,845,160 shares outstanding in 2016; 2,110,436 shares issued and 1,845,583 shares outstanding in 2015 2,110 2,110
Additional paid-in capital 30,565,144 30,512,480
Accumulated deficit (9,284,317) (8,659,262)
Accumulated other comprehensive loss:    
Foreign currency translation adjustment (1,030,205) (634,273)
Treasury stock (5,338,560) (5,338,560)
Total stockholders’ equity 14,914,172 15,882,495
Total liabilities and stockholders’ equity $ 22,465,727 $ 24,261,032