Reliv' International (RELV) 10-Q 14 Nov 14 2014 Q3 Quarterly report Financial data

Document_And_Entity_Informatio

Document And Entity Information	9 Months Ended
	Sep. 30, 2014	Nov. 03, 2014
Document Information [Line Items]	'	'
Entity Registrant Name	'RELIV INTERNATIONAL INC	'
Entity Central Index Key	'0000768710	'
Current Fiscal Year End Date	'--12-31	'
Entity Filer Category	'Smaller Reporting Company	'
Trading Symbol	'RELV	'
Entity Common Stock, Shares Outstanding	'	12,665,632
Document Type	'10-Q	'
Amendment Flag	'false	'
Document Period End Date	30-Sep-14	'
Document Fiscal Period Focus	'Q3	'
Document Fiscal Year Focus	'2014	'

Condensed_Consolidated_Balance

Condensed Consolidated Balance Sheets (USD $)	Sep. 30, 2014	Dec. 31, 2013
Current assets:	'	'
Cash and cash equivalents	$5,178,599	$6,656,798
Accounts receivable, less allowances of $28,100 in 2014 and $31,800 in 2013	156,507	148,630
Accounts and note due from employees and distributors	217,973	129,852
Inventories	'	'
Finished goods	3,359,311	3,516,079
Raw materials	1,551,057	1,501,522
Sales aids and promotional materials	194,739	197,089
Total inventories	5,105,107	5,214,690
Refundable income taxes	234,294	0
Prepaid expenses and other current assets	883,908	697,099
Deferred income taxes	100,000	309,000
Total current assets	11,876,388	13,156,069
Other assets	525,272	277,770
Cash surrender value of life insurance	2,722,260	2,403,763
Note receivable due from distributor	1,757,739	1,829,827
Intangible assets, net	2,993,307	3,195,903
Property, plant and equipment:	'	'
Land and land improvements	883,563	883,563
Building	9,970,590	9,945,187
Machinery & equipment	4,025,036	3,785,949
Office equipment	1,244,044	1,236,303
Computer equipment & software	2,562,178	2,690,294
Property, plant, and equipment	18,685,411	18,541,296
Less: Accumulated depreciation	11,981,517	11,805,877
Net property, plant and equipment	6,703,894	6,735,419
Total assets	26,578,860	27,598,751
Accounts payable and accrued expenses:	'	'
Trade accounts payable and other accrued expenses	2,957,227	2,968,814
Distributors' commissions payable	1,693,946	2,033,727
Sales taxes payable	248,914	311,049
Payroll, payroll taxes, and incentive compensation payable	1,036,213	555,193
Total accounts payable and accrued expenses	5,936,300	5,868,783
Income taxes payable	0	199,558
Current maturities of long-term debt	697,423	581,004
Total current liabilities	6,633,723	6,649,345
Noncurrent liabilities:	'	'
Revolving line of credit	500,000	1,150,000
Long-term debt, less current maturities	3,168,159	2,631,607
Deferred income taxes	0	127,000
Other noncurrent liabilities	401,277	910,327
Total noncurrent liabilities	4,069,436	4,818,934
Stockholders' equity:	'	'
Preferred stock, par value $.001 per share; 3,000,000 shares authorized; -0- shares issued and outstanding in 2014 and 2013	0	0
Common stock, par value $.001 per share; 30,000,000 authorized; 14,519,605 shares issued and 12,665,632 shares outstanding as of 9/30/2014; 14,519,605 shares issued and 12,665,632 shares outstanding as of 12/31/2013	14,520	14,520
Additional paid-in capital	30,137,246	30,101,069
Accumulated deficit	-8,432,918	-8,159,164
Accumulated other comprehensive loss:	'	'
Foreign currency translation adjustment	-504,587	-487,393
Treasury stock	-5,338,560	-5,338,560
Total stockholders' equity	15,875,701	16,130,472
Total liabilities and stockholders' equity	$26,578,860	$27,598,751

Condensed_Consolidated_Balance1

Condensed Consolidated Balance Sheets [Parenthetical] (USD $)	Sep. 30, 2014	Dec. 31, 2013
Allowance for accounts receivable (in dollars)	$28,100	$31,800
Preferred stock, par value (in dollars per share)	$0.00	$0.00
Preferred stock, shares authorized	3,000,000	3,000,000
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0
Common stock, par value (in dollars per share)	$0.00	$0.00
Common stock, shares authorized	30,000,000	30,000,000
Common stock, shares, issued	14,519,605	14,519,605
Common stock, shares, outstanding	12,665,632	12,665,632

Condensed_Consolidated_Stateme

Condensed Consolidated Statements of Net Income (Loss) and Comprehensive Income (Loss) (USD $)	3 Months Ended		9 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Product sales	$13,206,275	$15,241,597	$39,867,425	$46,296,517
Handling & freight income	1,108,006	1,297,867	3,387,322	4,525,618
Net sales	14,314,281	16,539,464	43,254,747	50,822,135
Costs and expenses:	'	'	'	'
Cost of products sold	2,968,139	3,529,027	8,855,401	10,490,825
Distributor royalties and commissions	4,985,450	5,974,652	15,425,704	18,595,100
Selling, general and administrative	6,133,040	6,633,771	19,390,732	21,121,858
Total costs and expenses	14,086,629	16,137,450	43,671,837	50,207,783
Income (loss) from operations	227,652	402,014	-417,090	614,352
Other income (expense):	'	'	'	'
Interest income	31,736	37,240	100,008	113,072
Interest expense	-26,054	-22,187	-75,689	-58,182
Other income / (expense)	-60,372	28,637	-53,983	-62,482
Income (loss) before income taxes	172,962	445,704	-446,754	606,760
Provision (benefit) for income taxes	7,000	153,000	-173,000	333,000
Net income (loss)	165,962	292,704	-273,754	273,760
Other comprehensive income (loss):	'	'	'	'
Foreign currency translation adjustment	-57,101	30,674	-17,194	-35,043
Comprehensive income (loss)	$108,861	$323,378	($290,948)	$238,717
Earnings (loss) per common share - Basic (in dollars per share)	$0.01	$0.02	($0.02)	$0.02
Weighted average shares (in shares)	12,666,000	12,616,000	12,666,000	12,617,000
Earnings (loss) per common share - Diluted (in dollars per share)	$0.01	$0.02	($0.02)	$0.02
Weighted average shares (in shares)	12,750,000	12,842,000	12,666,000	12,785,000
Cash dividends declared per common share (in dollars per share)	$0	$0.02	$0	$0.02

Condensed_Consolidated_Stateme1

Condensed Consolidated Statements of Cash Flows (USD $)	9 Months Ended
	Sep. 30, 2014	Sep. 30, 2013
Operating activities:	'	'
Net income (loss)	($273,754)	$273,760
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities:	'	'
Depreciation and amortization	725,584	678,689
Stock-based compensation	36,178	32,271
Deferred income taxes	-142,000	52,371
Foreign currency transaction (gain)/loss	56,195	51,867
(Increase) decrease in accounts receivable and accounts due from employees and distributors	-96,078	-31,966
(Increase) decrease in inventories	79,760	135,445
(Increase) decrease in refundable income taxes	-234,219	-23,501
(Increase) decrease in prepaid expenses and other current assets	-190,337	-325,147
(Increase) decrease in other assets	-11,501	-30,071
Increase (decrease) in income taxes payable	-199,558	0
Increase (decrease) in accounts payable & accrued expenses and other noncurrent liabilities	-403,554	485,710
Net cash (used in) provided by operating activities	-653,284	1,299,428
Investing activities:	'	'
Proceeds from the sale of property, plant and equipment	1,200	0
Purchase of property, plant and equipment	-511,227	-303,290
Payments received on distributor note receivable	67,900	56,990
Acquisition of lunasin technology license	0	-1,150,000
Payment of life insurance premiums	-318,498	-259,726
Net cash used in investing activities	-760,625	-1,656,026
Financing activities:	'	'
Proceeds from line of credit borrowings	500,000	1,150,000
Principal payments on long-term borrowings	-508,899	-527,591
Common stock dividends paid	0	-252,380
Proceeds from options and warrants exercised	0	579
Purchase of stock for treasury	0	-5,364
Net cash (used in) provided by financing activities	-8,899	365,244
Effect of exchange rate changes on cash and cash equivalents	-55,391	-65,495
Increase (decrease) in cash and cash equivalents	-1,478,199	-56,849
Cash and cash equivalents at beginning of period	6,656,798	5,801,042
Cash and cash equivalents at end of period	$5,178,599	$5,744,193

Accounting_Policies

Accounting Policies	9 Months Ended
	Sep. 30, 2014
Accounting Policies [Abstract]	'
Business Description and Accounting Policies [Text Block]	'
		Note 1--	Accounting Policies
	Basis of Presentation
	The accompanying unaudited condensed consolidated financial statements and notes thereto have been prepared in accordance with the instructions to Form 10-Q and reflect all adjustments (which primarily include normal recurring accruals) which management believes are necessary to present fairly the financial position, results of operations and cash flows. These statements, however, do not include all information and footnotes necessary for a complete presentation of financial position, results of operations and cash flows in conformity with accounting principles generally accepted in the United States. Interim results may not necessarily be indicative of results that may be expected for any other interim period or for the year as a whole. These financial statements should be read in conjunction with the audited consolidated financial statements and footnotes included in the annual report on Form 10-K for the year ended December 31, 2013, filed March 25, 2014 with the Securities and Exchange Commission.

Basic_and_Diluted_Earnings_Los

Basic and Diluted Earnings (Loss) per Share	9 Months Ended
	Sep. 30, 2014
Earnings Per Share [Abstract]	'
Earnings Per Share [Text Block]	'
		Note 2--	Basic and Diluted Earnings (Loss) per Share
	Basic earnings (loss) per common share is computed using the weighted average number of common shares outstanding during the period. Diluted earnings (loss) per share is computed using the weighted average number of common shares and potential dilutive common shares that were outstanding during the period. Potential dilutive common shares consist of outstanding stock options, outstanding stock warrants, and convertible preferred stock.
	The following table sets forth the computation of basic and diluted earnings (loss) per share:
			Three months ended September 30				Nine months ended September 30
			2014		2013		2014		2013
	Numerator:
	Net income (loss)		$	165,962	$	292,704	$	-273,754	$	273,760
	Denominator:
	Denominator for basic earnings (loss) per share--weighted average shares			12,666,000		12,616,000		12,666,000		12,617,000
	Dilutive effect of employee stock options and other warrants			84,000		226,000		-		168,000
	Denominator for diluted earnings (loss) per share--adjusted weighted average shares			12,750,000		12,842,000		12,666,000		12,785,000
	Basic earnings (loss) per share		$	0.01	$	0.02	$	-0.02	$	0.02
	Diluted earnings (loss) per share		$	0.01	$	0.02	$	-0.02	$	0.02
	Option and warrants to purchase 1,087,333 shares and 1,075,565 shares of common stock for the three months and nine months ended September 30, 2014, respectively, were not included in the denominator for diluted earnings (loss) per share because their effect would be antidilutive or because the shares were deemed contingently issuable. Options and warrants to purchase 1,103,500 shares and 1,117,161 shares of common stock for the three months and nine months ended September 30, 2013 were not included in the denominator for diluted earnings (loss) per share because their effect would be antidilutive or because the shares were deemed contingently issuable.

Fair_Value_of_Financial_Instru

Fair Value of Financial Instruments	9 Months Ended
	Sep. 30, 2014
Fair Value Disclosures [Abstract]	'
Fair Value Disclosures [Text Block]	'
		Note 3 --	Fair Value of Financial Instruments
	Fair value can be measured using valuation techniques such as the market approach (comparable market prices), the income approach (present value of future income or cash flow), and the cost approach (cost to replace the service capacity of an asset or replacement cost). Accounting standards utilize a fair value hierarchy that prioritizes the inputs to valuation techniques used to measure fair value into three broad levels. The following is a brief description of those levels:
		Level 1:	Observable inputs such as quoted prices (unadjusted) in active markets for identical assets or liabilities.
		Level 2:	Inputs other than quoted prices that are observable for the asset or liability, either directly or indirectly. These include quoted prices for similar assets or liabilities in active markets or similar assets or liabilities in markets that are not active.
		Level 3:	Unobservable inputs that reflect the reporting entity's own assumptions.
	The carrying amount and fair value of the Company's financial instruments are approximately as follows:
	Description		Carrying Value		Fair Value		Level 1		Level 2		Level 3
	30-Sep-14
	Long-term debt		$	4,365,582	$	4,365,582		-	$	4,365,582		-
	Note receivable			1,853,146		2,269,000		-		2,269,000		-
	Marketable securities			276,600		276,600	$	276,600		-		-
	31-Dec-13
	Long-term debt		$	4,362,611	$	4,362,611		-	$	4,362,611		-
	Note receivable			1,921,046		2,365,000		-		2,365,000		-
	Marketable securities			278,000		278,000	$	278,000		-		-
	Long-term debt: The fair value of the Company's term and revolver loans approximate carrying value as these loans have variable market-based interest rates which reset every thirty days. The fair value of the Company's obligation for the acquisition of its lunasin technology license approximates carrying value as this obligation is a zero-interest based obligation discounted utilizing an interest rate factor comparable to the Company's market-based interest rate for its term and revolver loans.
	Note receivable: The Company's note receivable is a variable rate residential mortgage-based financial instrument. An average of published interest rate quotes for a fifteen-year residential jumbo mortgage, a comparable financial instrument, was used to estimate fair value of this note receivable under a discounted cash flow model.
	Marketable securities: The assets (trading securities) of the Company's Supplemental Executive Retirement Plan are recorded at fair value on a recurring basis, and are presented within Other Assets in the consolidated balance sheets.
	The carrying value of other financial instruments, including cash, accounts receivable and accounts payable, and accrued liabilities approximate fair value due to their short maturities or variable-rate nature of their respective balances.

Debt

Debt	9 Months Ended
	Sep. 30, 2014
Debt Disclosure [Abstract]	'
Long-term Debt [Text Block]	'
		Note 4 --	Debt
			September 30		December 31
			2014		2013
	Term loan		$	3,191,798	$	2,400,697
	Revolving line of credit			500,000		1,150,000
	Obligation for acquisition of technology license, net			673,784		811,914
				4,365,582		4,362,611
	Less current maturities			697,423		581,004
	Total long-term debt		$	3,668,159	$	3,781,607
	Principal maturities of debt at September 30, 2014 are as follows:
	Twelve months ending September 30,
	2015		$	697,423
	2016			3,444,375
	2017			223,784
	2018			-
	2019			-
	Thereafter			-
			$	4,365,582
	On February 28, 2014, the Company and its primary lender amended and re-stated the revolving line of credit agreement and the term loan agreement (collectively, "Credit Agreement"). As part of this new Credit Agreement, the $5 million revolving line of credit agreement was extended to July 1, 2016 and the outstanding revolving loan balance of $1.15 million was re-financed into the term loan balance. Borrowings, if any, under the new revolver accrue interest at a floating interest rate based on the 30-day LIBOR plus 1.85%.
	In September 2014, the Company borrowed $500,000 under its revolving line of credit to finance the purchase of machinery and equipment. At September 30, 2014, the revolver's interest rate was 2.007%.
	The February 2014 re-financed term loan is for a period of twenty-eight months with interest accruing at a floating interest rate based on the 30-day LIBOR plus 2%. The total February 2014 borrowing on the re-financed term loan consisted of the outstanding balance of the previous term loan plus the February 28, 2014 revolving line of credit balance of $1.15 million. Monthly term loan payments consist of principal of $41,452 plus interest with a balloon payment for the outstanding balance due and payable on July 1, 2016. At September 30, 2014, the term loan's interest rate was 2.157%.
	The Credit Agreement is secured by all tangible and intangible assets of the Company and also by a mortgage on the real estate of the Company's headquarters. The Credit Agreement also includes loan covenants requiring the Company to maintain net tangible worth of not less than $11 million, and a fixed charge coverage ratio under which EBITDA adjusted for certain non-cash expenses shall exceed fixed charges by a ratio of at least 1.15 to 1. Fixed charges, as defined, include unfinanced capital expenditures, dividends and other distributions, cash taxes paid, and principal and interest due on all debt obligations. At September 30, 2014, the Company's computed fixed charge coverage ratio is less than the loan covenant's minimum ratio of 1.15 to 1. On October 29, 2014, the Company and its primary lender agreed to amend the Credit Agreement whereby the primary lender has waived the Company's non-compliance with the fixed charge coverage ratio for the September 30, 2014 reporting period.
	In addition to the aforementioned loan covenant waiver, the October 29th amendment restricts the Company from the declaration and cash payment of common stock dividends and the repurchase of company common stock. The amendment also revises the revolving line of credit agreement's maximum borrowing limit from $5 million to $3.5 million. At September 30, 2014, as adjusted for the October 29th amendment, $3 million remains available for additional borrowings under the revolving line of credit.

LongTerm_Incentive_Compensatio

Long-Term Incentive Compensation Plan	9 Months Ended
	Sep. 30, 2014
Compensation Related Costs [Abstract]	'
Compensation Related Costs, General [Text Block]	'
		Note 5 --	Long-Term Incentive Compensation Plan
	In July 2010, the Company’s Reliv Europe subsidiary entered into a long-term performance-based incentive compensation agreement with the subsidiary’s senior managers. The valuation of the compensation agreement is an EBITDA-based formula derived from the subsidiary’s financial performance and vests in 20% annual increments which began in April 2011. The amount of the incentive, if any, varies in accordance with a 24-month look-back of the subsidiary’s financial performance and the vesting provisions. Upon initial vesting, a manager may elect to exercise his/her put option to receive in cash some or all of his/her respective share of the incentive. For the three months and nine months ended September 30, 2014, compensation expense associated with this incentive plan was $54,000 and $186,700, respectively. For the three months and nine months ended September 30, 2013, compensation expense was $66,000 and $266,500, respectively. This compensation expense is presented in Selling, General and Administrative in the accompanying condensed consolidated statements of net income (loss) and comprehensive income (loss). At December 31, 2013, accrued compensation was $529,000 and was included in "Other Non-Current Liabilities" in the accompanying condensed consolidated balance sheets.
	Beginning April 2015, the Company may exercise a call option on one or more of the manager's incentive amount; redeeming such amount in cash or a combination of cash and the Company's common stock, depending upon the amount of the vested incentive. At September 30, 2014, it is management's estimate that it will exercise within one year the Company's call option for all of the vested incentive balance at time of exercise. Accordingly, the September 30, 2014 accrued compensation of $715,700 was presented in "Payroll, Payroll Taxes, and Incentive Compensation Payable" in the accompanying condensed consolidated balance sheets.

Taxes

Taxes	9 Months Ended
	Sep. 30, 2014
Income Tax Disclosure [Abstract]	'
Income Tax Disclosure [Text Block]	'
		Note 6 --	Taxes
	The interim financial statement provision for income taxes (benefit) is different from the amounts computed by applying the United States federal statutory income tax rate of 34%. In summary, the reasons for these differences are as follows:
			Nine months ended September 30
			2014		2013
	Income taxes (benefit) at U.S. statutory rate		$	-152,000	$	206,000
	State income taxes, net of federal benefit			25,000		60,000
	Higher / (lower) effective taxes on earnings/losses in certain foreign countries			-6,000		77,000
	Foreign corporate income taxes			8,000		30,000
	Other, net			-48,000		-40,000
			$	-173,000	$	333,000
	One of the company's foreign subsidiaries is presently under local country audit for alleged deficiencies (totaling approximately $800,000 plus interest at 20% per annum) in value-added tax (VAT) and withholding tax for the years 2004 through 2006. The Company, in consultation with its legal counsel, believes that there are strong legal grounds that it is not liable to pay the majority of the alleged tax deficiencies. As of December 31, 2010, management estimated and reserved approximately $185,000 in taxes and interest for resolution of this matter and recorded this amount within Selling, General, and Administrative expense in the 2010 Consolidated Statement of Income. In 2011, the Company made good faith deposits to the local tax authority under the tax agency's administrative judicial resolution process. As of September 30, 2014 and December 31, 2013, management's estimated reserve (net of deposits) for this matter is approximately $115,000 and $95,000, respectively. There has been no change in this matter during the first nine months of 2014.

Recent_Accounting_Standard_Pen

Recent Accounting Standard Pending Adoption	9 Months Ended
	Sep. 30, 2014
New Accounting Pronouncements and Changes in Accounting Principles [Abstract]	'
Recent Accounting Standards Pending Adoption [Text Block]	'
		Note 7--	Recent Accounting Standard Pending Adoption
	In May 2014, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) No. 2014-09, Revenue from Contracts with Customers, which requires an entity to recognize the amount of revenue to which it expects to be entitled for the transfer of promised goods or services to customers. The ASU will replace most existing revenue recognition guidance in U.S. GAAP when it becomes effective. The new standard will become effective for the Company on January 1, 2017. Early application is not permitted and the new standard permits the use of either the retrospective and modified retrospective transition method. The Company is currently evaluating the effect, if any, that the updated standard will have on its consolidated financial statements and related disclosures, as well its planned transition method.
	In August 2014, the FASB issued ASU No. 2014-15, Disclosure of Uncertainties about an Entity's Ability to Continue as a Going Concern, which requires management to assess, at each annual and interim reporting period, the entity's ability to continue as a going concern within one year from the date the financial statements are issued and provide related disclosures. The new standard will be effective for the company for the annual reporting period ending December 31, 2016, with early adoption permitted. This standard is not currently expected to have a material effect on the Company's financial statement disclosures upon adoption, though the ultimate impact will be dependent on the Company's financial condition and expected operating outlook at such time.

Accounting_Policies_Policies

Accounting Policies (Policies)	9 Months Ended
	Sep. 30, 2014
Accounting Policies [Abstract]	'
Basis of Accounting, Policy [Policy Text Block]	'
	Basis of Presentation
	The accompanying unaudited condensed consolidated financial statements and notes thereto have been prepared in accordance with the instructions to Form 10-Q and reflect all adjustments (which primarily include normal recurring accruals) which management believes are necessary to present fairly the financial position, results of operations and cash flows. These statements, however, do not include all information and footnotes necessary for a complete presentation of financial position, results of operations and cash flows in conformity with accounting principles generally accepted in the United States. Interim results may not necessarily be indicative of results that may be expected for any other interim period or for the year as a whole. These financial statements should be read in conjunction with the audited consolidated financial statements and footnotes included in the annual report on Form 10-K for the year ended December 31, 2013, filed March 25, 2014 with the Securities and Exchange Commission.

Basic_and_Diluted_Earnings_Los1

Basic and Diluted Earnings (Loss) per Share (Tables)	9 Months Ended
	Sep. 30, 2014
Earnings Per Share [Abstract]	'
Schedule of Calculation of Numerator and Denominator in Earnings Per Share [Table Text Block]	'
	The following table sets forth the computation of basic and diluted earnings (loss) per share:
		Three months ended September 30				Nine months ended September 30
		2014		2013		2014		2013
	Numerator:
	Net income (loss)	$	165,962	$	292,704	$	-273,754	$	273,760
	Denominator:
	Denominator for basic earnings (loss) per share--weighted average shares		12,666,000		12,616,000		12,666,000		12,617,000
	Dilutive effect of employee stock options and other warrants		84,000		226,000		-		168,000
	Denominator for diluted earnings (loss) per share--adjusted weighted average shares		12,750,000		12,842,000		12,666,000		12,785,000
	Basic earnings (loss) per share	$	0.01	$	0.02	$	-0.02	$	0.02
	Diluted earnings (loss) per share	$	0.01	$	0.02	$	-0.02	$	0.02

Fair_Value_of_Financial_Instru1

Fair Value of Financial Instruments (Tables)	9 Months Ended
	Sep. 30, 2014
Fair Value Disclosures [Abstract]	'
Fair Value, by Balance Sheet Grouping [Table Text Block]	'
	The carrying amount and fair value of the Company's financial instruments are approximately as follows:
	Description	Carrying Value		Fair Value		Level 1		Level 2		Level 3
	30-Sep-14
	Long-term debt	$	4,365,582	$	4,365,582		-	$	4,365,582		-
	Note receivable		1,853,146		2,269,000		-		2,269,000		-
	Marketable securities		276,600		276,600	$	276,600		-		-
	31-Dec-13
	Long-term debt	$	4,362,611	$	4,362,611		-	$	4,362,611		-
	Note receivable		1,921,046		2,365,000		-		2,365,000		-
	Marketable securities		278,000		278,000	$	278,000		-		-

Debt_Tables

Debt (Tables)	9 Months Ended
	Sep. 30, 2014
Debt Disclosure [Abstract]	'
Schedule of Long-term Debt Instruments [Table Text Block]	'
		September 30		December 31
		2014		2013
	Term loan	$	3,191,798	$	2,400,697
	Revolving line of credit		500,000		1,150,000
	Obligation for acquisition of technology license, net		673,784		811,914
			4,365,582		4,362,611
	Less current maturities		697,423		581,004
	Total long-term debt	$	3,668,159	$	3,781,607
Schedule of Maturities of Long-term Debt [Table Text Block]	'
	Principal maturities of debt at September 30, 2014 are as follows:
	Twelve months ending September 30,
	2015	$	697,423
	2016		3,444,375
	2017		223,784
	2018		-
	2019		-
	Thereafter		-
		$	4,365,582

Taxes_Tables

Taxes (Tables)	9 Months Ended
	Sep. 30, 2014
Income Tax Disclosure [Abstract]	'
Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]	'
	In summary, the reasons for these differences are as follows:
		Nine months ended September 30
		2014		2013
	Income taxes (benefit) at U.S. statutory rate	$	-152,000	$	206,000
	State income taxes, net of federal benefit		25,000		60,000
	Higher / (lower) effective taxes on earnings/losses in certain foreign countries		-6,000		77,000
	Foreign corporate income taxes		8,000		30,000
	Other, net		-48,000		-40,000
		$	-173,000	$	333,000

Basic_and_Diluted_Earnings_Los2

Basic and Diluted Earnings (Loss) per Share (Details) (USD $)	3 Months Ended		9 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Numerator:	'	'	'	'
Net income (loss) (in dollars)	$165,962	$292,704	($273,754)	$273,760
Denominator:	'	'	'	'
Denominator for basic earnings (loss) per share--weighted average shares	12,666,000	12,616,000	12,666,000	12,617,000
Dilutive effect of employee stock options and other warrants	84,000	226,000	0	168,000
Denominator for diluted earnings (loss) per share--adjusted weighted average shares	12,750,000	12,842,000	12,666,000	12,785,000
Basic earnings (loss) per share (in dollars per share)	$0.01	$0.02	($0.02)	$0.02
Diluted earnings (loss) per share (in dollars per share)	$0.01	$0.02	($0.02)	$0.02

Basic_and_Diluted_Earnings_Los3

Basic and Diluted Earnings (Loss) per Share (Details Textual)	3 Months Ended		9 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]	'	'	'	'
Antidilutive Securities Excluded From Computation Of Earnings Per Share, Amount	1,087,333	1,103,500	1,075,565	1,117,161

Fair_Value_of_Financial_Instru2

Fair Value of Financial Instruments (Details) (USD $)	Sep. 30, 2014	Dec. 31, 2013
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]	'	'
Long-term debt, Carrying Value	$4,365,582	$4,362,611
Note receivable, Carrying Value	1,853,146	1,921,046
Marketable securities, Carrying Value	276,600	278,000
Long-term debt, Fair Value	4,365,582	4,362,611
Note receivable, Fair Value	2,269,000	2,365,000
Marketable securities, Fair Value	276,600	278,000
Fair Value, Inputs, Level 1 [Member]	'	'
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]	'	'
Long-term debt, Carrying Value	0	0
Note receivable, Carrying Value	0	0
Marketable securities, Carrying Value	276,600	278,000
Fair Value, Inputs, Level 2 [Member]	'	'
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]	'	'
Long-term debt, Carrying Value	4,365,582	4,362,611
Note receivable, Carrying Value	2,269,000	2,365,000
Marketable securities, Carrying Value	0	0
Fair Value, Inputs, Level 3 [Member]	'	'
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]	'	'
Long-term debt, Carrying Value	0	0
Note receivable, Carrying Value	0	0
Marketable securities, Carrying Value	$0	$0

Debt_Details

Debt (Details) (USD $)	Sep. 30, 2014	Dec. 31, 2013
Debt Instrument [Line Items]	'	'
Term loan	$3,191,798	$2,400,697
Revolving line of credit	500,000	1,150,000
Obligation for acquisition of technology license, net	673,784	811,914
Long-term Debt	4,365,582	4,362,611
Less current maturities	697,423	581,004
Total long-term debt	$3,668,159	$3,781,607

Debt_Details_1

Debt (Details 1) (USD $)	Sep. 30, 2014	Dec. 31, 2013
Twelve months ending June 30,	'	'
2015	$697,423	'
2016	3,444,375	'
2017	223,784	'
2018	0	'
2019	0	'
Thereafter	0	'
Long-term Debt, Total	$4,365,582	$4,362,611

Debt_Details_Textual

Debt (Details Textual) (USD $)	9 Months Ended		9 Months Ended
	Sep. 30, 2014	Oct. 29, 2014	Sep. 30, 2014
	Revolving Credit Facility [Member]	Revolving Credit Facility [Member]	Secured Debt [Member]
		Subsequent Event [Member]
Debt Instrument [Line Items]	'	'	'
Debt Instrument, Description Of Variable Rate Basis	'	'	'a floating interest rate based on the 30-day LIBOR plus 2%.
Debt Instrument, Frequency Of Periodic Payment	'	'	'Monthly
Debt Instrument, Periodic Payment, Principal	'	'	$41,452
Debt Instrument, Maturity Date	'	'	1-Jul-16
Debt Instrument, Interest Rate During Period	'	'	2.16%
Debt Instrument, Term	'	'	'28 months
Debt Instrument, Restrictive Covenants	'	'	'The Credit Agreement also includes loan covenants requiring the Company to maintain net tangible worth of not less than $11 million, and a fixed charge coverage ratio under which EBITDA adjusted for certain non-cash expenses shall exceed fixed charges by a ratio of at least 1.15 to 1.
Debt Instrument, Covenant Compliance, Fixed charge Coverage Ratio, Minimum	'	'	1.15
Line of Credit Facility, Maximum Borrowing Capacity	5,000,000	3,500,000	'
Line of Credit Facility, Remaining Borrowing Capacity	'	$3,000,000	'
Line of Credit Facility, Expiration Date	1-Jul-16	'	'
Line of Credit Facility, Interest Rate Description	'a floating interest rate based on the 30-day LIBOR plus 1.85%	'	'
Line of Credit Facility, Interest Rate at Period End	2.01%	'	'

LongTerm_Incentive_Compensatio1

Long-Term Incentive Compensation Plan (Details Textual) (USD $)	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013	Dec. 31, 2011	Dec. 31, 2013
Long-Term Incentive Compensation Plan [Line Items]	'	'	'	'	'	'
Other Liabilities, Noncurrent	$401,277	'	$401,277	'	'	$910,327
Payroll, payroll taxes, and incentive compensation payable	1,036,213	'	1,036,213	'	'	555,193
Incentive Compensation Plan [Member]	'	'	'	'	'	'
Long-Term Incentive Compensation Plan [Line Items]	'	'	'	'	'	'
Performance Based Incentive Compensation Vest Based On Annual Increment Percentage	'	'	'	'	20.00%	'
Other Liabilities, Noncurrent	'	'	'	'	'	529,000
Deferred Compensation Arrangement with Individual, Compensation Expense	54,000	66,000	186,700	266,500	'	'
Payroll, payroll taxes, and incentive compensation payable	$715,700	'	$715,700	'	'	'

Taxes_Details

Taxes (Details) (USD $)	3 Months Ended		9 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Taxes [Line Items]	'	'	'	'
Income taxes (benefit) at U.S. statutory rate	'	'	($152,000)	$206,000
State income taxes, net of federal benefit	'	'	25,000	60,000
Higher / (lower) effective taxes on earnings/losses in certain foreign countries	'	'	-6,000	77,000
Foreign corporate income taxes	'	'	8,000	30,000
Other, net	'	'	-48,000	-40,000
Income Tax Expense (Benefit), Total	$7,000	$153,000	($173,000)	$333,000

Taxes_Details_Textual

Taxes (Details Textual) (USD $)	9 Months Ended	12 Months Ended	36 Months Ended
	Sep. 30, 2014	Dec. 31, 2010	Dec. 31, 2006	Dec. 31, 2013
Taxes [Line Items]	'	'	'	'
Effective Income Tax Rate Reconciliation, Percent, Total	34.00%	'	'	'
Vat And Withholding Taxes	'	'	$800,000	'
Interest Penalty Percentage	'	'	20.00%	'
Selling, General and Administrative Expense	'	185,000	'	'
Management Estimated Reserve For Tax	$115,000	'	'	$95,000