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Consolidated Balance Sheets - USD ($)
Dec. 31, 2018
Dec. 31, 2017
Current assets:    
Cash and cash equivalents $ 1,989,974 $ 3,272,788
Accounts receivable, less allowances of $5,000 in 2018 and $26,300 in 2017 400,759 29,760
Accounts due from employees and distributors 151,222 138,497
Inventories:    
Finished goods 2,460,563 2,762,249
Raw materials 372,865 1,653,466
Sales aids and promotional materials 121,519 139,770
Total inventories 2,954,947 4,555,485
Refundable income taxes 22,712 26,552
Assets held for sale 2,124,939
Prepaid expenses and other current assets 441,453 372,602
Total current assets 8,086,006 8,395,684
Other assets 338,974 337,190
Cash surrender value of life insurance 3,086,522
Note receivable due from distributor 1,282,072 1,405,113
Intangible assets, net 1,948,263 2,174,248
Property, plant, and equipment, gross 14,420,559 19,055,260
Less accumulated depreciation 9,722,009 13,378,021
Property, plant, and equipment, net 4,698,550 5,677,239
Total assets 16,353,865 21,075,996
Current liabilities:    
Accounts payable and accrued expenses 3,880,086 3,200,018
Income taxes payable 35,304 12,616
Revolving line of credit 500,000
Current maturities of long-term debt 2,545,421
Total current liabilities 3,915,390 6,258,055
Noncurrent liabilities:    
Other noncurrent liabilities 445,611 453,354
Total noncurrent liabilities 445,611 453,354
Stockholders’ equity:    
Preferred stock, par value $0.001 per share; 500,000 shares authorized; -0- shares issued and outstanding in 2018 and 2017 0 0
Common stock, par value $0.001 per share; 5,000,000 shares authorized, 2,110,013 shares issued and 1,845,160 shares outstanding in 2018; 2,110,013 shares issued and 1,845,160 shares outstanding in 2017 2,110 2,110
Additional paid-in capital 30,622,547 30,598,920
Accumulated deficit (12,311,138) (10,040,229)
Accumulated other comprehensive loss:    
Foreign currency translation adjustment (982,095) (857,654)
Treasury stock (5,338,560) (5,338,560)
Total stockholders’ equity 11,992,864 14,364,587
Total liabilities and stockholders’ equity $ 16,353,865 $ 21,075,996