Reliv' International (RELV) 10-Q 15 Aug 16 2016 Q2 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	6 Months Ended
	Jun. 30, 2016	Aug. 02, 2016
Document Information [Line Items]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Jun. 30, 2016
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	Q2
Entity Registrant Name	RELIV INTERNATIONAL INC
Entity Central Index Key	768,710
Current Fiscal Year End Date	--12-31
Entity Filer Category	Smaller Reporting Company
Trading Symbol	RELV
Entity Common Stock, Shares Outstanding		12,919,110

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($)	Jun. 30, 2016	Dec. 31, 2015
Current assets:
Cash and cash equivalents	$ 3,465,726	$ 3,262,263
Accounts receivable, less allowances of $30,000 in 2016 and $30,200 in 2015	14,428	89,376
Accounts and note due from employees and distributors	140,402	134,668
Inventories
Finished goods	2,730,075	3,657,612
Raw materials	1,621,039	1,382,635
Sales aids and promotional materials	173,556	132,475
Total inventories	4,524,670	5,172,722
Refundable income taxes	468,582	522,035
Prepaid expenses and other current assets	888,381	552,645
Deferred income taxes	0	66,000
Total current assets	9,502,189	9,799,709
Other assets	273,554	285,153
Cash surrender value of life insurance	2,906,719	2,848,232
Note receivable due from distributor	1,576,402	1,630,164
Deferred income taxes	533,000	623,000
Intangible assets, net	2,520,583	2,655,647
Property, plant and equipment:
Land and land improvements	905,190	905,190
Building	9,950,254	9,951,555
Machinery & equipment	4,347,111	4,344,403
Office equipment	1,218,694	1,223,921
Computer equipment & software	2,343,869	2,341,149
Property, plant, and equipment,Gross	18,765,118	18,766,218
Less: Accumulated depreciation	12,698,780	12,347,091
Net property, plant and equipment	6,066,338	6,419,127
Total assets	23,378,785	24,261,032
Accounts payable and accrued expenses:
Trade accounts payable and other accrued expenses	2,759,588	1,859,716
Distributors' commissions payable	1,377,383	1,567,883
Sales taxes payable	236,484	232,996
Payroll and payroll taxes payable	307,739	277,157
Total accounts payable and accrued expenses	4,681,194	3,937,752
Current portion of long-term debt	714,112	781,505
Total current liabilities	5,395,306	4,719,257
Noncurrent liabilities:
Long-term debt, less current portion	2,925,160	3,159,575
Deferred income taxes	0	94,000
Other noncurrent liabilities	394,148	405,705
Total noncurrent liabilities	3,319,308	3,659,280
Stockholders' equity:
Preferred stock, par value $.001 per share; 3,000,000 shares authorized; -0- shares issued and outstanding in 2016 and 2015	0	0
Common stock, par value $.001 per share; 30,000,000 authorized; 14,773,083 shares issued and 12,919,110 shares outstanding as of 6/30/2016; 14,773,083 shares issued and 12,919,110 shares outstanding as of 12/31/2015	14,773	14,773
Additional paid-in capital	30,534,929	30,499,817
Accumulated deficit	(9,691,085)	(8,659,262)
Accumulated other comprehensive loss:
Foreign currency translation adjustment	(855,886)	(634,273)
Treasury stock	(5,338,560)	(5,338,560)
Total stockholders' equity	14,664,171	15,882,495
Total liabilities and stockholders' equity	$ 23,378,785	$ 24,261,032

Condensed Consolidated Balance3

Condensed Consolidated Balance Sheets (Parenthetical) - USD ($)	Jun. 30, 2016	Dec. 31, 2015
Allowance for accounts receivable	$ 30,000	$ 30,200
Preferred stock, par value (in dollars per share)	$ 0.001	$ 0.001
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)	$ 0.001	$ 0.001
Common stock, shares authorized	30,000,000	30,000,000
Common stock, shares, issued	14,773,083	14,773,083
Common stock, shares, outstanding	12,919,110	12,919,110

Condensed Consolidated Statemen

Condensed Consolidated Statements of Net Loss and Comprehensive Loss - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Product sales	$ 10,166,478	$ 11,442,990	$ 22,209,039	$ 25,151,113
Handling & freight income	886,844	1,002,361	1,880,733	2,128,601
Net sales	11,053,322	12,445,351	24,089,772	27,279,714
Costs and expenses:
Cost of products sold	2,530,771	2,647,755	5,514,875	5,642,704
Distributor royalties and commissions	3,921,005	4,459,577	8,545,380	9,740,324
Selling, general and administrative	5,541,328	6,454,992	11,150,596	12,584,941
Total costs and expenses	11,993,104	13,562,324	25,210,851	27,967,969
Loss from operations	(939,782)	(1,116,973)	(1,121,079)	(688,255)
Other income (expense):
Interest income	27,133	30,073	54,490	60,455
Interest expense	(26,778)	(26,749)	(53,179)	(50,688)
Other income / (expense)	71,263	15,653	184,944	(155,061)
Loss before income taxes	(868,164)	(1,097,996)	(934,824)	(833,549)
Provision (benefit) for income taxes	120,000	(252,000)	97,000	(104,000)
Net loss	(988,164)	(845,996)	(1,031,824)	(729,549)
Other comprehensive income (loss):
Foreign currency translation adjustment	(147,062)	72,326	(221,613)	48,939
Comprehensive loss	$ (1,135,226)	$ (773,670)	$ (1,253,437)	$ (680,610)
Loss per common share - Basic (in dollars per share)	$ (0.08)	$ (0.07)	$ (0.08)	$ (0.06)
Weighted average shares (in shares)	12,919,000	12,819,000	12,919,000	12,819,000
Loss per common share - Diluted (in dollars per share)	$ (0.08)	$ (0.07)	$ (0.08)	$ (0.06)
Weighted average shares (in shares)	12,919,000	12,819,000	12,919,000	12,819,000

Condensed Consolidated Stateme5

Condensed Consolidated Statements of Cash Flows - USD ($)	6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015
Operating activities:
Net loss	$ (1,031,824)	$ (729,549)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:
Depreciation and amortization	498,415	514,309
Stock-based compensation	35,112	28,898
Non-cash life insurance policy accretion	(58,488)	(50,144)
Deferred income taxes	14,000	(62,000)
Foreign currency transaction (gain)/loss	(162,293)	104,778
(Increase) decrease in accounts receivable and accounts due from employees and distributors	72,102	186,972
(Increase) decrease in inventories	590,841	(324,809)
(Increase) decrease in refundable income taxes	53,474	(82,146)
(Increase) decrease in prepaid expenses and other current assets	(341,478)	(260,788)
(Increase) decrease in other assets	11,840	(26,460)
Increase (decrease) in accounts payable & accrued expenses and other noncurrent liabilities	769,312	593,005
Net cash provided by (used in) operating activities	451,013	(107,934)
Investing activities:
Proceeds from the sale of property, plant and equipment	0	5,782
Purchase of property, plant and equipment	(14,849)	(188,024)
Payments received on distributor note receivable	50,639	47,698
Net cash provided by (used in) investing activities	35,790	(134,544)
Financing activities:
Principal payments on long-term borrowings	(288,851)	(248,712)
Net cash used in financing activities	(288,851)	(248,712)
Effect of exchange rate changes on cash and cash equivalents	5,511	(903)
Increase (decrease) in cash and cash equivalents	203,463	(492,093)
Cash and cash equivalents at beginning of period	3,262,263	4,989,392
Cash and cash equivalents at end of period	3,465,726	4,497,299
Noncash financing transactions (Note 5):
Issuance of promissory notes	$ 0	$ 424,000

Accounting Policies

Accounting Policies	6 Months Ended
	Jun. 30, 2016
Accounting Policies [Abstract]
Significant 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, 2015, filed March 24, 2016 with the Securities and Exchange Commission.

Basic and Diluted Loss per Shar

Basic and Diluted Loss per Share	6 Months Ended
	Jun. 30, 2016
Earnings Per Share [Abstract]
Earnings Per Share [Text Block]	Note 2 — Basic and Diluted Loss per Share Basic loss per common share is computed using the weighted average number of common shares outstanding during the period. Diluted 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 loss per share: Three months ended June 30 Six months ended June 30 2016 2015 2016 2015 Numerator: Net loss $ (988,164) $ (845,996) $ (1,031,824) $ (729,549) Denominator: Denominator for basic loss per share—weighted average shares 12,919,000 12,819,000 12,919,000 12,819,000 Dilutive effect of employee stock options and other warrants - - - - Denominator for diluted loss per share—adjusted weighted average shares 12,919,000 12,819,000 12,919,000 12,819,000 Basic loss per share $ (0.08) $ (0.07) $ (0.08) $ (0.06) Diluted loss per share $ (0.08) $ (0.07) $ (0.08) $ (0.06) Options and warrants to purchase 1,870,585 1,897,025

Fair Value of Financial Instrum

Fair Value of Financial Instruments	6 Months Ended
	Jun. 30, 2016
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 June 30, 2016 Long-term debt $ 3,639,272 $ 3,639,272 - $ 3,639,272 - Note receivable 1,682,343 1,932,000 - 1,932,000 - Marketable securities 264,000 264,000 $ 264,000 - - December 31, 2015 Long-term debt $ 3,941,080 $ 3,941,080 - $ 3,941,080 - Note receivable 1,732,982 1,942,000 - 1,942,000 - Marketable securities 275,000 275,000 $ 275,000 - - Long-term debt Note receivable Marketable securities 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.

Taxes

Taxes	6 Months Ended
	Jun. 30, 2016
Income Tax Disclosure [Abstract]
Income Tax Disclosure [Text Block]	Taxes Six months ended June 30 2016 2015 Income taxes (benefit) at U.S. statutory rate $ (318,000) $ (283,000) State income taxes, net of federal benefit 23,000 39,000 Higher / (lower) effective taxes on earnings/losses in certain foreign countries (46,000) 84,000 Foreign corporate income taxes 44,000 45,000 Change in valuation allowance 383,000 - Other, net 11,000 11,000 $ 97,000 $ (104,000) During the second quarter of 2016, the Company determined that it was more likely than not that federal and various state net operating losses it expects to generate in 2016 will not be realized based on projections of future taxable income, estimated reversals of existing taxable timing differences, and other considerations. Accordingly, the income tax provision for the second quarter of 2016 includes the impact of recording a valuation allowance of $ 383,000 . tax perspective . One of the Company's foreign subsidiaries is presently under local country audit for alleged deficiencies (totaling approximately $ 800,000 20 185,000 154,000 142,000

Long-Term Incentive Compensatio

Long-Term Incentive Compensation Plan -- 2015	6 Months Ended
	Jun. 30, 2016
Compensation Related Costs [Abstract]
Compensation Related Costs, General [Text Block]	Note 5 — Long-Term Incentive Compensation Plan — 2015 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 was an EBITDA-based formula derived from the subsidiary’s financial performance and vested in 20 165,100 90,800 During the second quarter of 2015, the cumulative incentive amount of $ 756,800 424,000 100,000 117,000 216,000 The notes payable issued by the Company to the managers range in length from one to two years with quarterly payments of principal and interest beginning July 2015 and ending April 2017. The notes accrue interest at a floating interest rate based on the three-month pound LIBOR rate plus 3 139,000 3.59

Recent Accounting Standards Pen

Recent Accounting Standards Pending Adoption	6 Months Ended
	Jun. 30, 2016
New Accounting Pronouncements and Changes in Accounting Principles [Abstract]
Recent Accounting Standards Pending Adoption [Text Block]	Note 6 — Recent Accounting Standards 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 U.S. GAAP revenue recognition guidance and becomes effective for the Company on January 1, 2018. The new standard permits the use of either the retrospective or modified retrospective transition method. The Company is currently evaluating the effect that the updated standard will have on its consolidated financial statements and related disclosures, as well as its planned transition method. In November 2015, the FASB issued ASU No. 2015-17, Income Taxes (Topic 740): Balance Sheet Classification of Deferred Taxes, which requires all deferred income tax assets and liabilities to be classified as non-current on the balance sheet, rather than being separated into current and non-current amounts. The new standard is effective for annual reporting periods beginning after December 31, 2016 with early adoption permitted. The Company is currently evaluating the effect that the new standard will have on its consolidated financial statements and related disclosures. 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. In February 2016, the FASB issued ASU No. 2016-2, Leases (Topic 842) which supercedes the existing lease guidance. This update requires lessees to recognize a lease liability and a lease asset for all leases, including operating leases, with a term greater than twelve months on its balance sheet. The update also expands the required quantitative and qualitative disclosures surrounding leases. This update is effective for fiscal years beginning after December 15, 2018 and interim periods within those fiscal years, with earlier application permitted. The Company is evaluating its transition method and the effects that the new standard will have on its consolidated financial statements and related disclosures. In March 2016, the FASB issued ASU No. 2016-09, Compensation - Stock Compensation (Topic 718): Improvements to Employee Share-Based Payment Accounting . This amendment is intended to simplify several aspects of the accounting for share-based payment transactions, including the income tax consequences, classification of awards as either equity or liabilities, forfeitures, and classification on the statement of cash flows. This update is effective for fiscal years beginning after December 15, 2016 and interim periods within those fiscal years, with earlier application permitted. The Company is evaluating the impact of this guidance on its consolidated financial statements and related disclosures.

Restructuring Activities

Restructuring Activities	6 Months Ended
	Jun. 30, 2016
Restructuring and Related Activities [Abstract]
Restructuring and Related Activities Disclosure [Text Block]	Note 7 — Restructuring Activities In May 2016, the Company implemented an employee headcount cost reduction program resulting in the reduction of approximately 9 275,000 1,100,000 At June 30, 2016, the remaining reserve for severance and benefits under this program is approximately $ 47,000

Accounting Policies (Policies)

Accounting Policies (Policies)	6 Months Ended
	Jun. 30, 2016
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, 2015, filed March 24, 2016 with the Securities and Exchange Commission.

Basic and Diluted Loss per Sh14

Basic and Diluted Loss per Share (Tables)	6 Months Ended
	Jun. 30, 2016
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 loss per share: Three months ended June 30 Six months ended June 30 2016 2015 2016 2015 Numerator: Net loss $ (988,164) $ (845,996) $ (1,031,824) $ (729,549) Denominator: Denominator for basic loss per share—weighted average shares 12,919,000 12,819,000 12,919,000 12,819,000 Dilutive effect of employee stock options and other warrants - - - - Denominator for diluted loss per share—adjusted weighted average shares 12,919,000 12,819,000 12,919,000 12,819,000 Basic loss per share $ (0.08) $ (0.07) $ (0.08) $ (0.06) Diluted loss per share $ (0.08) $ (0.07) $ (0.08) $ (0.06)

Fair Value of Financial Instr15

Fair Value of Financial Instruments (Tables)	6 Months Ended
	Jun. 30, 2016
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 June 30, 2016 Long-term debt $ 3,639,272 $ 3,639,272 - $ 3,639,272 - Note receivable 1,682,343 1,932,000 - 1,932,000 - Marketable securities 264,000 264,000 $ 264,000 - - December 31, 2015 Long-term debt $ 3,941,080 $ 3,941,080 - $ 3,941,080 - Note receivable 1,732,982 1,942,000 - 1,942,000 - Marketable securities 275,000 275,000 $ 275,000 - -

Taxes (Tables)

Taxes (Tables)	6 Months Ended
	Jun. 30, 2016
Income Tax Disclosure [Abstract]
Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]	Six months ended June 30 2016 2015 Income taxes (benefit) at U.S. statutory rate $ (318,000) $ (283,000) State income taxes, net of federal benefit 23,000 39,000 Higher / (lower) effective taxes on earnings/losses in certain foreign countries (46,000) 84,000 Foreign corporate income taxes 44,000 45,000 Change in valuation allowance 383,000 - Other, net 11,000 11,000 $ 97,000 $ (104,000)

Basic and Diluted Loss per Sh17

Basic and Diluted Loss per Share (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Numerator:
Net loss	$ (988,164)	$ (845,996)	$ (1,031,824)	$ (729,549)
Denominator:
Denominator for basic loss per share-weighted average shares	12,919,000	12,819,000	12,919,000	12,819,000
Dilutive effect of employee stock options and other warrants	0	0	0	0
Denominator for diluted loss per share-adjusted weighted average shares	12,919,000	12,819,000	12,919,000	12,819,000
Basic loss per share	$ (0.08)	$ (0.07)	$ (0.08)	$ (0.06)
Diluted loss per share	$ (0.08)	$ (0.07)	$ (0.08)	$ (0.06)

Basic and Diluted Loss per Sh18

Basic and Diluted Loss per Share (Details Textual) - shares	6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	1,870,585	1,897,025

Fair Value of Financial Instr19

Fair Value of Financial Instruments (Details) - USD ($)	Jun. 30, 2016	Dec. 31, 2015
Fair Value of Financial Instruments [Line Items]
Long-term debt, Carrying Amount	$ 3,639,272	$ 3,941,080
Note receivable, Carrying Amount	1,682,343	1,732,982
Marketable securities, Carrying Amount	264,000	275,000
Long-term debt, Fair Value	3,639,272	3,941,080
Note receivable, Fair Value	1,932,000	1,942,000
Marketable securities, Fair Value	264,000	275,000
Fair Value, Inputs, Level 1 [Member]
Fair Value of Financial Instruments [Line Items]
Long-term debt, Fair Value	0	0
Note receivable, Fair Value	0	0
Marketable securities, Fair Value	264,000	275,000
Fair Value, Inputs, Level 2 [Member]
Fair Value of Financial Instruments [Line Items]
Long-term debt, Fair Value	3,639,272	3,941,080
Note receivable, Fair Value	1,932,000	1,942,000
Marketable securities, Fair Value	0	0
Fair Value, Inputs, Level 3 [Member]
Fair Value of Financial Instruments [Line Items]
Long-term debt, Fair Value	0	0
Note receivable, Fair Value	0	0
Marketable securities, Fair Value	$ 0	$ 0

Taxes (Details)

Taxes (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Provision Benefit For Income Taxes [Line Items]
Income taxes (benefit) at U.S. statutory rate			$ (318,000)	$ (283,000)
State income taxes, net of federal benefit			23,000	39,000
Higher / (lower) effective taxes on earnings/losses in certain foreign countries			(46,000)	84,000
Foreign corporate income taxes			44,000	45,000
Change in valuation allowance			383,000	0
Other, net			11,000	11,000
Income Tax Expense (Benefit), Total	$ 120,000	$ (252,000)	$ 97,000	$ (104,000)

Taxes (Details Textual)

Taxes (Details Textual) - USD ($)	1 Months Ended	6 Months Ended	36 Months Ended
	Dec. 31, 2010	Jun. 30, 2016	Dec. 31, 2006	Dec. 31, 2015
Income Taxes [Line Items]
Vat And Withholding Taxes			$ 800,000
Interest Penalty Percentage			20.00%
Selling, General and Administrative Expense	$ 185,000
Management Estimated Reserve For Tax		$ 154,000		$ 142,000
Valuation Allowance Deferred Tax Assets For Net Operating Losses Domestic		$ 383,000

Long-Term Incentive Compensat22

Long-Term Incentive Compensation Plan -- 2015 (Details Textual) - USD ($)	1 Months Ended	3 Months Ended		6 Months Ended		60 Months Ended
	Apr. 30, 2011	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2015
Long-Term Incentive Compensation Plan [Line Items]
Performance Based Incentive Compensation Vest Based On Annual Increment Percentage	20.00%
Notes Payable, Total		$ 139,000		$ 139,000
Other Selling, General and Administrative Expense		$ 5,541,328	$ 6,454,992	$ 11,150,596	$ 12,584,941
Incentive Compensation Plan [Member]
Long-Term Incentive Compensation Plan [Line Items]
Deferred Compensation Arrangement with Individual, Compensation Expense						$ 756,800
Debt Instrument, Interest Rate, Stated Percentage		3.59%		3.59%
Other Selling, General and Administrative Expense			$ 165,100		90,800
Deferred Compensation Arrangement With Individual Distributions Payments					$ 216,000
Deferred Compensation Arrangement With Individual Shares To Be Issued					100,000
Deferred Compensation Arrangement With Individual Fair Value Of Shares To Be Issued					$ 117,000
Incentive Compensation Plan [Member] | London Interbank Offered Rate (LIBOR) [Member]
Long-Term Incentive Compensation Plan [Line Items]
Debt Instrument, Basis Spread on Variable Rate				3.00%
Incentive Compensation Plan [Member] | Notes Payable, Other Payables [Member]
Long-Term Incentive Compensation Plan [Line Items]
Deferred Compensation Arrangement With Individual Distributions Payments					$ 424,000

Restructuring Activities (Detai

Restructuring Activities (Details Textual) - USD ($)	1 Months Ended
	May 31, 2016	Jun. 30, 2016
Restructuring Cost and Reserve [Line Items]
Restructuring and Related Cost, Number of Positions Eliminated, Period Percent	9.00%
Severance Costs	$ 275,000
Labor and Related Expense	$ 1,100,000
Restructuring Reserve		$ 47,000