XML 12 R2.htm IDEA: XBRL DOCUMENT v3.20.2
Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
Jun. 30, 2020
Dec. 31, 2019
Assets    
Cash and cash equivalents $ 2,730,672 $ 1,630,779
Accounts receivable, less allowances of $5,000 in 2020 and 2019 279,920 107,369
Notes & accounts receivables and deposits - related parties 889,022 1,099,228
Inventories    
Finished goods 2,816,982 2,275,306
Raw materials 114,023 305,571
Sales aids and promotional materials 97,026 120,811
Total inventories 3,028,031 2,701,688
Refundable income taxes 249,959 22,406
Prepaid expenses and other current assets 605,782 304,048
Total current assets 7,783,386 5,865,518
Notes and accounts receivables - related parties 2,361,910 2,418,921
Operating lease right-to-use assets 317,099 354,440
Intangible assets, net 1,609,285 1,722,277
Equity investment 505,000 505,000
Property, plant and equipment:    
Land and land improvements 905,190 905,190
Building 10,147,386 10,145,005
Office & other equipment 1,241,860 1,237,142
Computer equipment & software 2,202,627 2,240,063
Property, Plant and Equipment, Gross, Ending Balance 14,497,063 14,527,400
Less: Accumulated depreciation 10,215,740 10,086,560
Net property, plant and equipment 4,281,323 4,440,840
Total assets 16,858,003 15,306,996
Accounts payable and accrued expenses:    
Trade accounts payable and other accrued expenses 1,819,772 1,565,198
Distributors' commissions payable 971,449 891,492
Sales taxes payable 181,184 139,542
Payroll and payroll taxes payable 198,747 212,716
Total accounts payable and accrued expenses 3,171,152 2,808,948
Income taxes payable 50,955 121,177
Deferred revenue 317,630 322,261
Operating lease liabilities, current 201,980 236,771
Revolving line of credit 500,000 500,000
Current portion of long-term debt 333,649
Total current liabilities 4,575,366 3,989,157
Noncurrent liabilities:    
Operating lease liabilities, noncurrent 102,260 103,580
Long-term debt, less current portion 528,351
Other noncurrent liabilities 140,511 112,616
Total noncurrent liabilities 771,122 216,196
Stockholders' equity:    
Preferred stock, par value $.001 per share; 500,000 shares authorized; -0- shares issued and outstanding 0 0
Common stock, par value $.001 per share; 5,000,000 authorized; 2,110,013 shares issued and 1,746,449 shares outstanding 2,110 2,110
Additional paid-in capital 30,643,771 30,643,771
Accumulated deficit (12,292,216) (12,755,495)
Accumulated other comprehensive loss:    
Foreign currency translation adjustment (990,727) (937,320)
Treasury stock (5,851,423) (5,851,423)
Total stockholders' equity 11,511,515 11,101,643
Total liabilities and stockholders' equity $ 16,858,003 $ 15,306,996