XML 18 R2.htm IDEA: XBRL DOCUMENT v3.10.0.1
Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
Sep. 30, 2018
Dec. 31, 2017
Current assets:    
Cash and cash equivalents $ 2,372,837 $ 3,272,788
Accounts receivable, less allowances of $25,000 in 2018 and $26,300 in 2017 326,572 29,760
Accounts and note due from employees and distributors 140,562 138,497
Inventories    
Finished goods 2,263,325 2,762,249
Raw materials 2,092,336 1,653,466
Sales aids and promotional materials 122,126 139,770
Total inventories 4,477,787 4,555,485
Refundable income taxes 23,179 26,552
Prepaid expenses and other current assets 573,918 372,602
Total current assets 7,914,855 8,395,684
Other assets 400,493 337,190
Cash surrender value of life insurance 3,086,522
Note receivable due from distributor 1,313,526 1,405,113
Intangible assets, net 2,004,759 2,174,248
Property, plant and equipment:    
Land and land improvements 905,190 905,190
Building 9,945,344 9,950,190
Machinery & equipment 4,790,063 4,755,727
Office equipment 1,159,362 1,183,115
Computer equipment & software 2,243,587 2,261,038
19,043,546 19,055,260
Less: Accumulated depreciation 13,710,855 13,378,021
Net property, plant and equipment 5,332,691 5,677,239
Total assets 16,966,324 21,075,996
Accounts payable and accrued expenses:    
Trade accounts payable and other accrued expenses 2,434,298 1,667,495
Distributors' commissions payable 975,083 1,115,649
Sales taxes payable 129,542 154,958
Deferred revenue 345,929
Payroll and payroll taxes payable 348,706 261,916
Total accounts payable and accrued expenses 4,233,558 3,200,018
Income taxes payable 6,131 12,616
Revolving line of credit 500,000
Current portion of long-term debt 2,545,421
Total current liabilities 4,239,689 6,258,055
Noncurrent liabilities:    
Other noncurrent liabilities 518,180 453,354
Total noncurrent liabilities 518,180 453,354
Stockholders' equity:    
Preferred stock, par value $.001 per share; 500,000 shares authorized; -0- shares issued and outstanding in 2018 and 2017 0 0
Common stock, par value $.001 per share; 5,000,000 authorized; 2,110,013 shares issued and 1,845,160 shares outstanding as of 9/30/2018; 2,110,013 shares issued and 1,845,160 shares outstanding as of 12/31/2017 2,110 2,110
Additional paid-in capital 30,621,523 30,598,920
Accumulated deficit (12,166,358) (10,040,229)
Accumulated other comprehensive loss:    
Foreign currency translation adjustment (910,260) (857,654)
Treasury stock (5,338,560) (5,338,560)
Total stockholders' equity 12,208,455 14,364,587
Total liabilities and stockholders' equity $ 16,966,324 $ 21,075,996