XML 12 R2.htm IDEA: XBRL DOCUMENT v3.20.2
Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
Sep. 30, 2020
Dec. 31, 2019
Assets    
Cash and cash equivalents $ 3,339,675 $ 1,630,779
Accounts receivable, less allowances of $5,000 in 2020 and 2019 58,157 107,369
Notes & accounts receivables and deposits - related parties 1,106,221 1,099,228
Inventories    
Finished goods 2,515,500 2,275,306
Raw materials 205,740 305,571
Sales aids and promotional materials 107,498 120,811
Total inventories 2,828,738 2,701,688
Refundable income taxes 25,243 22,406
Prepaid expenses and other current assets 465,377 304,048
Total current assets 7,823,411 5,865,518
Notes and accounts receivables - related parties 2,331,844 2,418,921
Operating lease right-to-use assets 285,450 354,440
Intangible assets, net 1,552,788 1,722,277
Equity investment 505,000 505,000
Property, plant and equipment:    
Land and land improvements 905,190 905,190
Building 10,153,222 10,145,005
Office & other equipment 1,246,779 1,237,142
Computer equipment & software 2,209,269 2,240,063
Property, Plant and Equipment, Gross, Ending Balance 14,514,460 14,527,400
Less: Accumulated depreciation 10,306,452 10,086,560
Net property, plant and equipment 4,208,008 4,440,840
Total assets 16,706,501 15,306,996
Liabilities and stockholders' equity    
Trade accounts payable and other accrued expenses 1,682,660 1,565,198
Distributors' commissions payable 1,024,724 891,492
Sales taxes payable 130,020 139,542
Payroll and payroll taxes payable 321,453 212,716
Total accounts payable and accrued expenses 3,158,857 2,808,948
Income taxes payable 46,013 121,177
Deferred revenue 309,016 322,261
Operating lease liabilities 182,565 236,771
Revolving line of credit 500,000 500,000
Current portion of long-term debt 477,229
Total current liabilities 4,673,680 3,989,157
Noncurrent liabilities:    
Operating lease liabilities 87,889 103,580
Long-term debt, less current portion 384,771
Other noncurrent liabilities 126,320 112,616
Total noncurrent liabilities 598,980 216,196
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 (12,416,931) (12,755,495)
Accumulated other comprehensive loss:    
Foreign currency translation adjustment (943,686) (937,320)
Treasury stock (5,851,423) (5,851,423)
Total stockholders' equity 11,433,841 11,101,643
Total liabilities and stockholders' equity $ 16,706,501 $ 15,306,996