Reliv' International (RELV) 10-Q 15 May 19 2019 Q1 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	3 Months Ended
	Mar. 31, 2019	May 06, 2019
Document Information [Line Items]
Entity Registrant Name	RELIV INTERNATIONAL INC
Entity Central Index Key	0000768710
Trading Symbol	relv
Current Fiscal Year End Date	--12-31
Entity Filer Category	Non-accelerated Filer
Entity Current Reporting Status	Yes
Entity Emerging Growth Company	false
Entity Small Business	true
Entity Common Stock, Shares Outstanding (in shares)		1,746,449
Document Type	10-Q
Document Period End Date	Mar. 31, 2019
Document Fiscal Year Focus	2019
Document Fiscal Period Focus	Q1
Amendment Flag	false

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)	Mar. 31, 2019	Dec. 31, 2018
Current assets:
Cash and cash equivalents	$ 2,381,087	$ 1,989,974
Accounts receivable, less allowances of $5,000 in 2019 and 2018	245,999	400,759
Notes & accounts receivables and deposits - related parties	1,269,527	151,222
Inventories
Finished goods	1,959,535	2,460,563
Raw materials	176,481	372,865
Sales aids and promotional materials	127,653	121,519
Total inventories	2,263,669	2,954,947
Refundable income taxes	20,794	22,712
Assets held for sale		2,124,939
Prepaid expenses and other current assets	693,749	441,453
Total current assets	6,874,825	8,086,006
Other assets	388,655	338,974
Notes and accounts receivables - related parties	2,897,249	1,282,072
Operating lease right-to-use assets	394,287
Intangible assets, net	1,891,767	1,948,263
Equity investment	505,000
Property, plant and equipment:
Land and land improvements	905,190	905,190
Building	10,103,321	9,964,523
Office & other equipment	1,226,971	1,337,911
Computer equipment & software	2,227,664	2,212,935
Property, plant and equipment, Gross, Total	14,463,146	14,420,559
Less: Accumulated depreciation	9,813,657	9,722,009
Net property, plant and equipment	4,649,489	4,698,550
Total assets	17,601,272	16,353,865
Current liabilities:
Trade accounts payable and other accrued expenses	2,171,407	2,105,814
Distributors' commissions payable	855,664	1,030,948
Sales taxes payable	168,430	195,802
Payroll and payroll taxes payable	271,927	210,288
Total accounts payable and accrued expenses	3,467,428	3,542,852
Income taxes payable	77,534	35,304
Deferred revenue	365,447	337,234
Operating lease liabilities, current	229,700
Deferred rent liability	187,500
Revolving line of credit	500,000
Total current liabilities	4,827,609	3,915,390
Noncurrent liabilities:
Operating lease liabilities, noncurrent	158,751
Other noncurrent liabilities	483,750	445,611
Total noncurrent liabilities	642,501	445,611
Stockholders' equity:
Preferred stock, par value $.001 per share; 500,000 shares authorized; -0- shares issued and outstanding in 2019 and 2018	0	0
Common stock, par value $.001 per share; 5,000,000 authorized; 2,110,013 shares issued and 1,746,449 shares outstanding as of 3/31/2019; 2,110,013 shares issued and 1,845,160 shares outstanding as of 12/31/2018	2,110	2,110
Additional paid-in capital	30,627,853	30,622,547
Accumulated deficit	(11,687,494)	(12,311,138)
Accumulated other comprehensive loss:
Foreign currency translation adjustment	(959,884)	(982,095)
Treasury stock	(5,851,423)	(5,338,560)
Total stockholders' equity	12,131,162	11,992,864
Total liabilities and stockholders' equity	$ 17,601,272	$ 16,353,865

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Current Period Unaudited) (Parentheticals) - USD ($)	Mar. 31, 2019	Dec. 31, 2018
Accounts receivable, allowances	$ 5,000	$ 5,000
Preferred stock, par value (in dollars per share)	$ 0.001	$ 0.001
Preferred stock, shares authorized (in shares)	500,000	500,000
Preferred stock, shares issued (in shares)	0	0
Preferred stock, shares outstanding (in shares)	0	0
Common stock, par value (in dollars per share)	$ 0.001	$ 0.001
Common stock, shares authorized (in shares)	5,000,000	5,000,000
Common stock, shares issued (in shares)	2,110,013	2,110,013
Common stock, shares outstanding (in shares)	1,746,449	1,845,160

Condensed Consolidated Statemen

Condensed Consolidated Statements of Net Income (Loss) and Comprehensive Income (Loss) (Unaudited) - USD ($)	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Net Revenues	$ 9,489,504	$ 10,003,239
Costs and expenses:
Cost of goods sold	2,433,732	2,349,742
Distributor royalties and commissions	3,117,572	3,391,745
Selling, general and administrative	3,739,527	4,485,895
Total costs and expenses	9,290,831	10,227,382
Income (loss) from operations	198,673	(224,143)
Other income (expense):
Interest income	49,262	23,952
Interest expense	(5,412)	(31,565)
Other income (expense)	(5,428)	6,651
Gain on sale of fixed assets	434,549	3,800
Income (loss) before income taxes	671,644	(221,305)
Provision for income taxes	48,000	17,000
Net income (loss)	623,644	(238,305)
Other comprehensive income (loss):
Foreign currency translation adjustment	22,211	25,228
Comprehensive income (loss)	$ 645,855	$ (213,077)
Basic earnings (loss) per share (in dollars per share)	$ 0.36	$ (0.13)
Weighted average shares (in shares)	1,746,000	1,845,000
Diluted earnings (loss) per share (in dollars per share)	$ 0.36	$ (0.13)
Weighted average shares (in shares)	1,746,000	1,845,000
Product [Member]
Net Revenues	$ 8,810,997	$ 9,391,381
Freight Income [Member]
Net Revenues	519,941	611,858
Product and Service, Other [Member]
Net Revenues	$ 158,566

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Operating activities:
Net income (loss)	$ 623,644	$ (238,305)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Depreciation and amortization	144,893	201,634
Stock-based compensation	5,306	7,535
Non-cash life insurance policy reduction / (accretion)		(6,617)
Non-cash other revenue	(86,433)
Non-cash miscellaneous loss	24,618
(Gain) loss on sale of property, plant and equipment	(434,549)	(3,800)
Foreign currency transaction (gain) loss	5,925	341
(Increase) decrease in trade, accounts & notes receivable, and deposits from related parties	(839,989)	(104,767)
(Increase) decrease in inventories	705,371	393,576
(Increase) decrease in refundable income taxes	1,918	(3,550)
(Increase) decrease in prepaid expenses and other current assets	(251,056)	(320,175)
(Increase) decrease in other assets	(49,681)	(6,052)
Increase (decrease) in income taxes payable	42,522	18,664
Increase (decrease) in accounts payable & accrued expenses, deferred revenue, and other noncurrent liabilities	(19,235)	561,297
Net cash provided by (used in) operating activities	(126,746)	499,781
Investing activities:
Purchase of property, plant and equipment	(38,890)	(15,383)
Proceeds from the sale of property, plant and equipment		3,888
Payments received on notes receivables - related parties	49,691	28,326
Net cash provided by investing activities	10,801	16,831
Financing activities:
Proceeds from line of credit borrowings	500,000
Principal payments on long-term borrowings		(108,320)
Net cash provided by (used in) financing activities	500,000	(108,320)
Effect of exchange rate changes on cash and cash equivalents	7,058	(4,240)
Increase (decrease) in cash and cash equivalents	391,113	404,052
Cash and cash equivalents at beginning of period	1,989,974	3,272,788
Cash and cash equivalents at end of period	$ 2,381,087	$ 3,676,840

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Stockholders' Equity (Unaudited) - USD ($)	Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	AOCI Attributable to Parent [Member]	Treasury Stock [Member]	Total
Balance (in shares) at Dec. 31, 2017	2,110,013				264,853
Balance at Dec. 31, 2017	$ 2,110	$ 30,598,920	$ (10,040,229)	$ (857,654)	$ (5,338,560)	$ 14,364,587
Net income (loss)			(238,305)			(238,305)
Foreign currency translation adjustment				25,228		25,228
Total comprehensive income						(213,077)
Stock-based compensation		7,534				7,534
Balance (in shares) at Mar. 31, 2018	2,110,013				264,853
Balance at Mar. 31, 2018	$ 2,110	30,606,454	(10,646,102)	(832,426)	$ (5,338,560)	13,791,476
Adoption of Accounting Standards Update 2014-09			(367,568)			(367,568)
Balance (in shares) at Dec. 31, 2018	2,110,013				264,853
Balance at Dec. 31, 2018	$ 2,110	30,622,547	(12,311,138)	(982,095)	$ (5,338,560)	11,992,864
Net income (loss)			623,644			623,644
Foreign currency translation adjustment				22,211		22,211
Total comprehensive income						645,855
Treasury stock acquired (Note 2) (in shares)					99,200
Treasury stock acquired (Note 2)					$ (540,144)	(540,144)
Other (in shares)					(489)
Other					$ 27,281	27,281
Stock-based compensation		5,306				5,306
Balance (in shares) at Mar. 31, 2019	2,110,013				363,564
Balance at Mar. 31, 2019	$ 2,110	$ 30,627,853	$ (11,687,494)	$ (959,884)	$ (5,851,423)	$ 12,131,162

Note 1 - Accounting Policies

Note 1 - Accounting Policies	3 Months Ended
	Mar. 31, 2019
Notes to Financial Statements
Significant Accounting Policies [Text Block]	1. Accounting Polic ies Basis of Presentation The accompanying unaudited condensed consolidated financial statements and notes thereto have been prepared in accordance with the instructions to Form 10 not may not may 10 December 31, 2018, March 29, 2019 Use of Estimates The preparation of financial statements in conformity with accounting principles generally accepted in the United States requires management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. Actual results could differ from those estimates. Reclassifications To conform to the current year presentation, certain previously reported 2018 Inventories Inventories are valued at the lower of cost or market and are accounted for on a first first January 1, 2019, 2019, Sales aids and promotional materials inventories represent distributor kits, product brochures, and other sales and business development materials which are held for sale to distributors. Cost of the sales aids and promotional materials held for sale are capitalized as inventories and subsequently recorded to costs of goods sold upon recognition of revenue when sold to distributors. All other advertising and promotional costs are expensed when incurred. Variable Interest Entities (VIE) - Unconsolidated Effective January 1, 2019, We do not not not not See Note 2 3 Concentrations of Risk Effective January 1, 2019, 2 3 New Accounting Pronouncements – Not In June 2016, No. 2016 13, Credit Losses (Topic 326 may may January 1, 2020, New Accounting Pronouncements – Adopted January 1, 2019 Lessee Accounting On January 1, 2019, No. 2016 02, Leases (Topic 842 not $451,000 $457,000, At adoption, we used the new lease accounting standard’s package of practical expedients permitted under the transition guidance that allowed us to not not twelve Operating lease liabilities and related operating lease right-to-use assets are recognized at commencement date of the lease based on the present value of lease payments over the lease term. When leases do not See Note 7 Less or Accounting – Other Revenue Other revenue consists of revenue derived from our leasing a portion of our headquarters building to Nutracom, LLC (Nutracom). We recognize lessor rent revenue on a straight-line basis over the term of the lease. As part of this straight-line methodology, the cumulative rental billings may Also included in other revenue are billings to the tenant for its share of the facility’s common area costs such as real estate taxes, maintenance, and utilities. These same common area costs plus the tenant’s share of the facilities’ depreciation are recorded as cost of goods sold. See Note 2 3 7 Going Concern We have incurred operating losses, declining net sales, and negative net cash flows over our most recent five not March 31, 2019, $2,381,087 may not one not twelve We may not may not not We have taken several steps in 2019 $500,000 $750,000 $750,000 April 28, 2020. As detailed in Note 2 January 1, 2019, $200,000 Should the aforementioned changes to our operations not may These actions may may not not may no

Note 2 - Sale of Manufacturing

Note 2 - Sale of Manufacturing Operations' Assets	3 Months Ended
	Mar. 31, 2019
Notes to Financial Statements
Disposal Groups, Including Discontinued Operations, Disclosure [Text Block]	2. On January 1, 2019, ● Inventories (sold at cost of $1.56 ● Machinery and other equipment with a net book value of $565,000 $1 $435,000 Nutracom was formed by our manufacturing operations management which included former officers of the Company. Employees of our manufacturing operations were offered employment by Nutracom. Prior to its approval of the transaction, our Board of Directors formed a special committee consisting of the Board’s independent directors to review the transaction. To assist in its review, the special committee engaged a qualified third Concurrently with the execution of the Purchase Agreement, we entered into several agreements with Nutracom including a product supply agreement for a term of seven seven five $193,000 $410,000 seven Nutracom provided the following consideration to us for the manufacturing operations and related identified assets and agreements: ● $1 seven 5.5%, ● $764,344 seven 7.0%, first two ten first ● Nutracom management transferred to us its ownership of 99,200 $540,144. ● Nutracom issued to us a non-voting Class B 15% not ● Commencing January 1, 2020, 1.0% 1.25% Our non-voting Class B 15% third $505,000. not At December 31, 2018, first 2019

Note 3 - Related Parties

Note 3 - Related Parties	3 Months Ended
	Mar. 31, 2019
Notes to Financial Statements
Related Party Transactions Disclosure [Text Block]	3. The following summarizes our related party activities with Nutracom and a significant distributor of the Company. March 31 December 31 Assets and liabilities - related parties 2019 2018 Notes & accounts receivables and deposits - current Deposits with Nutracom for inventory $ 1,010,696 $ - Notes receivable - distributor 124,895 123,040 Notes receivable - Nutracom secured 121,553 - Other miscellaneous receivables 12,383 28,182 $ 1,269,527 $ 151,222 Notes & accounts receivables - non-current Notes receivable - distributor $ 1,250,144 $ 1,282,072 Notes receivable - Nutracom secured 858,828 - Notes receivable - Nutracom unsecured 764,344 - Unbilled receivables: Straight line rent revenue greater than rental billings 23,933 - $ 2,897,249 $ 1,282,072 Equity investment in Nutracom $ 505,000 - Liability captions with Nutracom balances included therein Trade accounts payable and other accrued expenses $ 257,396 - Deferred rent liability 187,500 - Three months ended March 31 Revenue and expense - related parties 2019 2018 Other revenue $ 158,566 $ - Selling, general and administrative expense: Fullfillment & professional fees 151,102 - Interest income on promissory notes 47,843 22,603 Gain on sale of fixed assets 434,549 - Finished goods inventory purchased from Nutracom $ 979,900 - At March 31, 2019, $1.3 The following table presents scheduled principal payments to be received on the distributor and Nutracom promissory notes receivable: Remainder of 2019 $ 183,504 2020 257,289 2021 327,217 2022 374,274 2023 368,571 Thereafter 1,635,909 $ 3,146,764 S upplementary Disclosure of Cash Flows Information We incurred the following noncash investing and financing transactions on January 1, 2019 2019 Sale of fixed assets $ 1,000,000 Sale of inventories 1,559,488 First year building rental received in advance 250,000 Acquire company common stock for treasury 540,144 Acquire equity investment in Nutracom 505,000 Secured promissory note received 1,000,000 Unsecured promissory note received 764,344

Note 4 - Basic and Diluted Earn

Note 4 - Basic and Diluted Earnings (Loss) Per Share	3 Months Ended
	Mar. 31, 2019
Notes to Financial Statements
Earnings Per Share [Text Block]	4. Basic earnings (loss) per common share is computed using the weighted average number of common shares outstanding during the period. Diluted earnings (loss) per common 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 March 31 2019 2018 Numerator: Net income (loss) $ 623,644 $ (238,305 ) Denominator: Denominator for basic earnings (loss) per share – weighted average shares 1,746,000 1,845,000 Dilutive effect of employee stock options and other warrants - - Denominator for diluted earnings (loss) per share – adjusted weighted average shares 1,746,000 1,845,000 Basic earnings (loss) per share $ 0.36 $ (0.13 ) Diluted earnings (loss) per share $ 0.36 $ (0.13 ) Options and warrants to purchase 85,203 120,242 three March 31, 2019 2018, not

Note 5 - Fair Value of Financia

Note 5 - Fair Value of Financial Instruments	3 Months Ended
	Mar. 31, 2019
Notes to Financial Statements
Fair Value Disclosures [Text Block]	5 . 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 Level 1: Level 2: not Level 3: The carrying amount and fair value of financial instruments were approximately as follows: Carrying Fair Description Amount Value Level 1 Level 2 Level 3 March 31, 2019 Revolving line of credit $ 500,000 $ 500,000 - $ 500,000 - Note receivable - distributor 1,375,039 1,511,000 - 1,511,000 - Notes receivable - Nutracom 1,744,725 1,744,725 - 1,744,725 - Marketable securities 389,000 389,000 $ 389,000 - - December 31, 2018 Note receivable - distributor $ 1,405,112 $ 1,529,000 - $ 1,529,000 - Marketable securities 339,000 339,000 $ 339,000 - - Revolving line of credit thirty Note receivable - distributor fifteen Note s receivable - Nutracom 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 the respective balances.

Note 6 - Debt

Note 6 - Debt	3 Months Ended
	Mar. 31, 2019
Notes to Financial Statements
Debt Disclosure [Text Block]	6 . Debt On September 30, 2015, 2018 Effective with a September 11, 2018 $750,000. April 29, 2019 30 2.25%. December 31, 2018, no January 2019, $500,000 Effective with a March 25, 2019 April 28, 2020 30 3.00%. $750,000. March 31, 2019, $500,000 4.73%. Borrowings under the lending agreement continue to be secured by all of our tangible and intangible assets and by a mortgage on the real estate of our headquarters facility. At March 31, 2019,

Note 7 - Leases

Note 7 - Leases	3 Months Ended
	Mar. 31, 2019
Notes to Financial Statements
Lessee and Lessor, Operating Leases [Text Block]	7. Less ee The Company leases certain office facilities, storage, and equipment. These leases have varying terms, are generally one five The following table represents the maturity of our operating lease liabilities as of March 31, 2019: Remainder of 2019 $ 185,574 2020 184,384 2021 16,872 2022 14,364 2023 5,704 Thereafter - Total operating lease payments 406,898 Less: imputed interest (18,447 ) Total operating lease liabilities $ 388,451 Operating lease expense: Three months ended March 31, 2019 Fixed $ 64,702 Variable 5,449 Short-term 9,771 Total $ 79,922 Supplemental cash flow information: Cash paid towards lease liabilities: Operating cash flows from operating leases $ 68,561 March 31, 2019 Operating lease liabilities: Weighted average remaining lease term (years) 2.0 Weighted average discount rate 5.1 % Less or – Other Revenue Other revenue consists of revenue derived from our leasing a portion of our headquarters building to Nutracom, LLC (Nutracom) effective January 1, 2019. seven five $193,000 $410,000 seven We recognize lessor rent revenue on a straight-line basis over the term of the lease. As part of this straight-line methodology, the cumulative rental billings may Also included in other revenue are billings to the tenant for its share of the facility’s common area costs such as real estate taxes, maintenance, and utilities. These same common area costs plus the tenant’s share of the facilities’ depreciation are recorded as cost of goods sold. The following table details lessor’s estimated remaining straight-line rent revenue over the seven Estimated Straight-line Lease Agreement Rent Revenue Fixed Rent Remainder of 2019 $ 259,299 $ 187,500 2020 345,732 192,900 2021 345,732 385,800 2022 345,732 385,800 2023 345,732 385,800 Thereafter 691,464 819,825 Total $ 2,333,691 $ 2,357,625

Note 8 - Income Taxes

Note 8 - Income Taxes	3 Months Ended
	Mar. 31, 2019
Notes to Financial Statements
Income Tax Disclosure [Text Block]	8 . Income Taxes During the fiscal years of 2016 2018, not not In prior years, we recorded a valuation allowance on all of our domestic and foreign deferred tax assets. The effective income tax rate was 7.1% 7.7 March 31, 2019 2018, one One of our foreign subsidiaries is presently under local country audit for alleged deficiencies (totaling approximately $800,000 20% 2004 2006. not 2011, $173,000 As of December 31, 2018, $172,500 2019. May 2018, one not

Note 9 - Revenue Recognition

Note 9 - Revenue Recognition	3 Months Ended
	Mar. 31, 2019
Notes to Financial Statements
Revenue from Contract with Customer [Text Block]	9 . Revenue Recognition We recognize revenue from product sales under a five 20 40 not We recognize the performance obligation for membership fees-type revenue over the membership term of generally twelve We record freight income as a component of net sales and record freight costs as a component of cost of goods sold. Total sales do not Other revenue is defined in Note 7 Actual and estimated sales returns are classified as a reduction of net sales. We estimate and accrue a reserve for product returns based on our return policy and historical experience. Our product returns policy allows for distributors to return product only upon termination of his or her distributorship. Allowable returns are limited to saleable product which was purchased within twelve 100% March 31, 2019 2018, 0.04% 0.27%, We classify our net sales into two Three months ended March 31 2019 2018 Net sales by product category Nutritional and dietary supplements $ 8,497,350 $ 9,069,356 Sales aids, membership fees, and other 313,647 322,025 Freight income 519,941 611,858 Other revenue 158,566 - Total net sales $ 9,489,504 $ 10,003,239 We operate in one six Three months ended March 31 2019 2018 Net sales by geographic region United States $ 7,111,773 $ 7,670,061 Australia/New Zealand 177,048 231,928 Canada 199,399 242,120 Mexico 136,026 107,371 Europe (1) 938,668 1,164,884 Asia (2) 926,590 586,875 Total net sales $ 9,489,504 $ 10,003,239 ( 1 Europe consists of United Kingdom, Ireland, France, Germany, Austria, and the Netherlands. ( 2 Asia consists of Philippines, Malaysia, and Singapore.

Significant Accounting Policies

Significant Accounting Policies (Policies)	3 Months Ended
	Mar. 31, 2019
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 not may not may 10 December 31, 2018, March 29, 2019
Use of Estimates, Policy [Policy Text Block]	Use of Estimates The preparation of financial statements in conformity with accounting principles generally accepted in the United States requires management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. Actual results could differ from those estimates.
Reclassification, Policy [Policy Text Block]	Reclassifications To conform to the current year presentation, certain previously reported 2018
Inventory, Policy [Policy Text Block]	Inventories Inventories are valued at the lower of cost or market and are accounted for on a first first January 1, 2019, 2019, Sales aids and promotional materials inventories represent distributor kits, product brochures, and other sales and business development materials which are held for sale to distributors. Cost of the sales aids and promotional materials held for sale are capitalized as inventories and subsequently recorded to costs of goods sold upon recognition of revenue when sold to distributors. All other advertising and promotional costs are expensed when incurred.
Consolidation, Variable Interest Entity, Policy [Policy Text Block]	Variable Interest Entities (VIE) - Unconsolidated Effective January 1, 2019, We do not not not not See Note 2 3
Concentration Risk, Credit Risk, Policy [Policy Text Block]	Concentrations of Risk Effective January 1, 2019, 2 3
New Accounting Pronouncements, Policy [Policy Text Block]	New Accounting Pronouncements – Not In June 2016, No. 2016 13, Credit Losses (Topic 326 may may January 1, 2020, New Accounting Pronouncements – Adopted January 1, 2019 Lessee Accounting On January 1, 2019, No. 2016 02, Leases (Topic 842 not $451,000 $457,000, At adoption, we used the new lease accounting standard’s package of practical expedients permitted under the transition guidance that allowed us to not not twelve Operating lease liabilities and related operating lease right-to-use assets are recognized at commencement date of the lease based on the present value of lease payments over the lease term. When leases do not See Note 7 Less or Accounting – Other Revenue Other revenue consists of revenue derived from our leasing a portion of our headquarters building to Nutracom, LLC (Nutracom). We recognize lessor rent revenue on a straight-line basis over the term of the lease. As part of this straight-line methodology, the cumulative rental billings may Also included in other revenue are billings to the tenant for its share of the facility’s common area costs such as real estate taxes, maintenance, and utilities. These same common area costs plus the tenant’s share of the facilities’ depreciation are recorded as cost of goods sold. See Note 2 3 7
Going Concern [Policy Text Block]	Going Concern We have incurred operating losses, declining net sales, and negative net cash flows over our most recent five not March 31, 2019, $2,381,087 may not one not twelve We may not may not not We have taken several steps in 2019 $500,000 $750,000 $750,000 April 28, 2020. As detailed in Note 2 January 1, 2019, $200,000 Should the aforementioned changes to our operations not may These actions may may not not may no

Note 3 - Related Parties (Table

Note 3 - Related Parties (Tables)	3 Months Ended
	Mar. 31, 2019
Notes Tables
Schedule of Related Party Transactions [Table Text Block]	March 31 December 31 Assets and liabilities - related parties 2019 2018 Notes & accounts receivables and deposits - current Deposits with Nutracom for inventory $ 1,010,696 $ - Notes receivable - distributor 124,895 123,040 Notes receivable - Nutracom secured 121,553 - Other miscellaneous receivables 12,383 28,182 $ 1,269,527 $ 151,222 Notes & accounts receivables - non-current Notes receivable - distributor $ 1,250,144 $ 1,282,072 Notes receivable - Nutracom secured 858,828 - Notes receivable - Nutracom unsecured 764,344 - Unbilled receivables: Straight line rent revenue greater than rental billings 23,933 - $ 2,897,249 $ 1,282,072 Equity investment in Nutracom $ 505,000 - Liability captions with Nutracom balances included therein Trade accounts payable and other accrued expenses $ 257,396 - Deferred rent liability 187,500 - Three months ended March 31 Revenue and expense - related parties 2019 2018 Other revenue $ 158,566 $ - Selling, general and administrative expense: Fullfillment & professional fees 151,102 - Interest income on promissory notes 47,843 22,603 Gain on sale of fixed assets 434,549 - Finished goods inventory purchased from Nutracom $ 979,900 -
Schedule of Principal Payments on Notes Receivables - Related Parties [Table Text Block]	Remainder of 2019 $ 183,504 2020 257,289 2021 327,217 2022 374,274 2023 368,571 Thereafter 1,635,909 $ 3,146,764
Schedule of Cash Flow, Supplemental Disclosures [Table Text Block]	2019 Sale of fixed assets $ 1,000,000 Sale of inventories 1,559,488 First year building rental received in advance 250,000 Acquire company common stock for treasury 540,144 Acquire equity investment in Nutracom 505,000 Secured promissory note received 1,000,000 Unsecured promissory note received 764,344

Note 4 - Basic and Diluted Ea_2

Note 4 - Basic and Diluted Earnings (Loss) Per Share (Tables)	3 Months Ended
	Mar. 31, 2019
Notes Tables
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]	Three months ended March 31 2019 2018 Numerator: Net income (loss) $ 623,644 $ (238,305 ) Denominator: Denominator for basic earnings (loss) per share – weighted average shares 1,746,000 1,845,000 Dilutive effect of employee stock options and other warrants - - Denominator for diluted earnings (loss) per share – adjusted weighted average shares 1,746,000 1,845,000 Basic earnings (loss) per share $ 0.36 $ (0.13 ) Diluted earnings (loss) per share $ 0.36 $ (0.13 )

Note 5 - Fair Value of Financ_2

Note 5 - Fair Value of Financial Instruments (Tables)	3 Months Ended
	Mar. 31, 2019
Notes Tables
Fair Value, by Balance Sheet Grouping [Table Text Block]	Carrying Fair Description Amount Value Level 1 Level 2 Level 3 March 31, 2019 Revolving line of credit $ 500,000 $ 500,000 - $ 500,000 - Note receivable - distributor 1,375,039 1,511,000 - 1,511,000 - Notes receivable - Nutracom 1,744,725 1,744,725 - 1,744,725 - Marketable securities 389,000 389,000 $ 389,000 - - December 31, 2018 Note receivable - distributor $ 1,405,112 $ 1,529,000 - $ 1,529,000 - Marketable securities 339,000 339,000 $ 339,000 - -

Note 7 - Leases (Tables)

Note 7 - Leases (Tables)	3 Months Ended
	Mar. 31, 2019
Notes Tables
Lessee, Operating Lease, Liability, Maturity [Table Text Block]	Remainder of 2019 $ 185,574 2020 184,384 2021 16,872 2022 14,364 2023 5,704 Thereafter - Total operating lease payments 406,898 Less: imputed interest (18,447 ) Total operating lease liabilities $ 388,451
Lease, Cost [Table Text Block]	Operating lease expense: Three months ended March 31, 2019 Fixed $ 64,702 Variable 5,449 Short-term 9,771 Total $ 79,922 Supplemental cash flow information: Cash paid towards lease liabilities: Operating cash flows from operating leases $ 68,561
Lessee, Operating Lease, Weighted Average Remaining Lease Term and Discount Rate [Table Text Block]	March 31, 2019 Operating lease liabilities: Weighted average remaining lease term (years) 2.0 Weighted average discount rate 5.1 %
Lessor, Operating Lease, Payments to be Received, Maturity [Table Text Block]	Estimated Straight-line Lease Agreement Rent Revenue Fixed Rent Remainder of 2019 $ 259,299 $ 187,500 2020 345,732 192,900 2021 345,732 385,800 2022 345,732 385,800 2023 345,732 385,800 Thereafter 691,464 819,825 Total $ 2,333,691 $ 2,357,625

Note 9 - Revenue Recognition (T

Note 9 - Revenue Recognition (Tables)	3 Months Ended
	Mar. 31, 2019
Notes Tables
Disaggregation of Revenue [Table Text Block]	Three months ended March 31 2019 2018 Net sales by product category Nutritional and dietary supplements $ 8,497,350 $ 9,069,356 Sales aids, membership fees, and other 313,647 322,025 Freight income 519,941 611,858 Other revenue 158,566 - Total net sales $ 9,489,504 $ 10,003,239
Revenue from External Customers by Geographic Areas [Table Text Block]	Three months ended March 31 2019 2018 Net sales by geographic region United States $ 7,111,773 $ 7,670,061 Australia/New Zealand 177,048 231,928 Canada 199,399 242,120 Mexico 136,026 107,371 Europe (1) 938,668 1,164,884 Asia (2) 926,590 586,875 Total net sales $ 9,489,504 $ 10,003,239

Note 1 - Accounting Policies (D

Note 1 - Accounting Policies (Details Textual) - USD ($)	Jan. 01, 2019	Mar. 31, 2019	Mar. 25, 2019	Jan. 31, 2019	Dec. 31, 2018	Sep. 11, 2018	Mar. 31, 2018	Dec. 31, 2017
Operating Lease, Right-of-Use Asset		$ 394,287
Operating Lease, Liability, Total		388,451
Cash and Cash Equivalents, at Carrying Value, Ending Balance		2,381,087			$ 1,989,974		$ 3,676,840	$ 3,272,788
Nutracom, LLC [Member]
Purchase Agreement, Payments Made Per Year	$ 200,000
Revolving Credit Facility [Member]
Long-term Line of Credit, Total				$ 500,000
Line of Credit Facility, Maximum Borrowing Capacity		$ 750,000	$ 750,000	$ 750,000		$ 750,000
Accounting Standards Update 2016-02 [Member]
Operating Lease, Right-of-Use Asset	451,000
Operating Lease, Liability, Total	$ 457,000

Note 2 - Sale of Manufacturin_2

Note 2 - Sale of Manufacturing Operations' Assets (Details Textual) - USD ($)	Jan. 01, 2019	Jan. 01, 2020	Mar. 31, 2019	Dec. 31, 2018
Lessor, Operating Lease, Term of Contract	7 years
Lessor, Operating Lease, Renewal Term	5 years
Nutracom, LLC [Member]
Supply Commitment, Term	7 years
Lessor, Operating Lease, Term of Contract	7 years
Lessor, Operating Lease, Renewal Term	5 years
Shares Transferred From Related Parties	99,200
Shares Transferred From Related Parties, Value	$ 540,144
Equity Interest Issued from Related Parties as Consideration	15.00%
Equity Interest Issued from Related Parties as Consideration, Value	$ 505,000
Nutracom, LLC [Member] | Secured Promissory Note [Member]
Notes Receivable, Related Parties, Noncurrent	$ 1,000,000		$ 858,828
Notes Receivable, Related Parties, Term	7 years
Notes Receivable, Related Parties, Interest Rate	5.50%
Nutracom, LLC [Member] | Unsecured Promissory Note [Member]
Notes Receivable, Related Parties, Noncurrent	$ 764,344		$ 764,344
Notes Receivable, Related Parties, Term	7 years
Notes Receivable, Related Parties, Interest Rate	7.00%
Notes Receivable, Interest Only Period	2 years
Notes Receivable, Related Parties, Amortization Period	10 years
Nutracom, LLC [Member] | Minimum [Member]
Operating Lease, Lease Annual Income	$ 193,000
Nutracom, LLC [Member] | Minimum [Member] | Forecast [Member]
Percentage of Annual Revenues of Non-related Parties from Equity Interest		1.00%
Nutracom, LLC [Member] | Maximum [Member]
Operating Lease, Lease Annual Income	410,000
Nutracom, LLC [Member] | Maximum [Member] | Forecast [Member]
Percentage of Annual Revenues of Non-related Parties from Equity Interest		1.25%
Machinery and Other Equipment Sold to Nutracom [Member]
Disposal Group, Not Discontinued Operation, Gain (Loss) on Disposal	435,000
Disposal Group, Disposed of by Sale, Not Discontinued Operations [Member] | Inventories Sold to Nutracom [Member]
Disposal Group, Including Discontinued Operation, Consideration	1,560,000
Disposal Group, Disposed of by Sale, Not Discontinued Operations [Member] | Machinery and Other Equipment Sold to Nutracom [Member]
Disposal Group, Including Discontinued Operation, Consideration	1,000,000
Disposal Group, Including Discontinued Operation, Property, Plant and Equipment, Current	$ 565,000

Note 3 - Related Parties (Detai

Note 3 - Related Parties (Details Textual) $ in Millions	Mar. 31, 2019USD ($)
Nutracom, LLC [Member]
Purchase Obligation, Total	$ 1.3

Note 3 - Related Parties - Rela

Note 3 - Related Parties - Related Party Activities (Details) - USD ($)	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018	Jan. 01, 2019	Dec. 31, 2018
Total notes & accounts receivables and deposits	$ 1,269,527			$ 151,222
Total noncurrent notes receivables	2,897,249			1,282,072
Equity investment in Nutracom	505,000
Other revenue	158,566
Fullfillment & professional fees	151,102
Interest income on promissory notes	47,843	22,603
Gain on sale of fixed assets	434,549	3,800
Unbilled Revenues [Member]
Unbilled receivables: Straight line rent revenue greater than rental billings	23,933
Nutracom, LLC [Member]
Deposits with Nutracom for inventory	1,010,696
Equity investment in Nutracom	505,000
Trade accounts payable and other accrued expenses	257,396
Deferred rent liability	187,500
Gain on sale of fixed assets	434,549
Finished goods inventory purchased from Nutracom	979,900
Nutracom, LLC [Member] | Secured Promissory Note [Member]
Notes receivable	121,553
Notes Receivable, Related Parties, Noncurrent	858,828		$ 1,000,000
Nutracom, LLC [Member] | Unsecured Promissory Note [Member]
Notes Receivable, Related Parties, Noncurrent	764,344		$ 764,344
Distributor [Member]
Notes receivable	124,895			123,040
Notes Receivable, Related Parties, Noncurrent	1,250,144			1,282,072
Nutracom LLC and Distributor [Member]
Total notes & accounts receivables and deposits	$ 12,383			$ 28,182

Note 3 - Related Parties - Sche

Note 3 - Related Parties - Schedule of Principal Payments (Details) - Nutracom LLC and Distributor [Member]	Mar. 31, 2019USD ($)
Remainder of 2019	$ 183,504
2020	257,289
2021	327,217
2022	374,274
2023	368,571
Thereafter	1,635,909
Total Notes Receivables	$ 3,146,764

Note 3 - Related Parties - Supp

Note 3 - Related Parties - Supplemental Cash Flow Information (Details)	3 Months Ended
	Mar. 31, 2019USD ($)
Acquire company common stock for treasury	$ 540,144
Nutracom, LLC [Member]
Acquire company common stock for treasury	540,144
Acquire equity investment in Nutracom	505,000
Nutracom, LLC [Member] | Machinery and Other Equipment Sold to Nutracom [Member]
Sale of fixed assets	1,000,000
Nutracom, LLC [Member] | Inventories Sold to Nutracom [Member]
Sale of fixed assets	1,559,488
Nutracom, LLC [Member] | First Year Building Rental Received in Advance [Member]
First year building rental received in advance	250,000
Nutracom, LLC [Member] | Secured Promissory Note [Member]
Promissory note received	1,000,000
Nutracom, LLC [Member] | Unsecured Promissory Note Received [Member]
Promissory note received	$ 764,344

Note 4 - Basic and Diluted Ea_3

Note 4 - Basic and Diluted Earnings (Loss) Per Share (Details Textual) - shares	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	85,203	120,242

Note 4 - Basic and Diluted Ea_4

Note 4 - Basic and Diluted Earnings (Loss) Per Share - Basic and Diluted Earnings (Loss) Per Share (Details) - USD ($)	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Net income (loss)	$ 623,644	$ (238,305)
Denominator for basic earnings (loss) per share – weighted average shares (in shares)	1,746,000	1,845,000
Dilutive effect of employee stock options and other warrants (in shares)
Denominator for diluted earnings (loss) per share – adjusted weighted average shares (in shares)	1,746,000	1,845,000
Basic earnings (loss) per share (in dollars per share)	$ 0.36	$ (0.13)
Diluted earnings (loss) per share (in dollars per share)	$ 0.36	$ (0.13)

Note 5 - Fair Value of Financ_3

Note 5 - Fair Value of Financial Instruments - Summary of Financial Instruments (Details) - USD ($)	Mar. 31, 2019	Dec. 31, 2018
Reported Value Measurement [Member]
Revolving line of credit	$ 500,000
Marketable securities	389,000	$ 339,000
Reported Value Measurement [Member] | Distributor [Member]
Note receivable	1,375,039	1,405,112
Reported Value Measurement [Member] | Nutracom, LLC [Member]
Note receivable	1,744,725
Estimate of Fair Value Measurement [Member]
Revolving line of credit	500,000
Marketable securities	389,000	339,000
Estimate of Fair Value Measurement [Member] | Distributor [Member]
Note receivable	1,511,000	1,529,000
Estimate of Fair Value Measurement [Member] | Nutracom, LLC [Member]
Note receivable	1,744,725
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 1 [Member]
Revolving line of credit
Marketable securities	389,000	339,000
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 1 [Member] | Distributor [Member]
Note receivable
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 1 [Member] | Nutracom, LLC [Member]
Note receivable
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 2 [Member]
Revolving line of credit	500,000
Marketable securities
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 2 [Member] | Distributor [Member]
Note receivable	1,511,000	1,529,000
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 2 [Member] | Nutracom, LLC [Member]
Note receivable	1,744,725
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 3 [Member]
Revolving line of credit
Marketable securities
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 3 [Member] | Distributor [Member]
Note receivable
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 3 [Member] | Nutracom, LLC [Member]
Note receivable

Note 6 - Debt (Details Textual)

Note 6 - Debt (Details Textual) - USD ($)	Mar. 25, 2019	Sep. 11, 2018	Mar. 31, 2019	Jan. 31, 2019	Dec. 31, 2018
Line of Credit, Current			$ 500,000
Revolving Credit Facility [Member]
Line of Credit Facility, Maximum Borrowing Capacity	$ 750,000	$ 750,000	750,000	$ 750,000
Line of Credit, Current			$ 500,000	$ 500,000	$ 0
Debt Instrument, Interest Rate, Stated Percentage			4.73%
Revolving Credit Facility [Member] | London Interbank Offered Rate (LIBOR) [Member]
Debt Instrument, Basis Spread on Variable Rate	3.00%	2.25%

Note 7 - Leases (Details Textua

Note 7 - Leases (Details Textual) - USD ($)	Jan. 01, 2019	Mar. 31, 2019
Lessor, Operating Lease, Term of Contract	7 years
Lessor, Operating Lease, Renewal Term	5 years
Minimum [Member]
Lessee, Operating Lease, Term of Contract		1 year
Operating Lease, Lease Income, Lease Payments	$ 193,000
Maximum [Member]
Lessee, Operating Lease, Term of Contract		5 years
Operating Lease, Lease Income, Lease Payments	$ 410,000

Note 7 - Leases - Maturity of O

Note 7 - Leases - Maturity of Operating Lease Liability (Details)	Mar. 31, 2019USD ($)
Remainder of 2019	$ 185,574
2020	184,384
2021	16,872
2022	14,364
2023	5,704
Thereafter
Total operating lease payments	406,898
Less: imputed interest	(18,447)
Total operating lease liabilities	$ 388,451

Note 7 - Leases - Operating Lea

Note 7 - Leases - Operating Lease Liability Cost (Details)	3 Months Ended
	Mar. 31, 2019USD ($)
Fixed	$ 64,702
Variable	5,449
Short-term	9,771
Total	79,922
Operating cash flows from operating leases	$ 68,561

Note 7 - Leases - Weighted Aver

Note 7 - Leases - Weighted Average (Details)	Mar. 31, 2019
Weighted average remaining lease term (years) (Year)	2 years
Weighted average discount rate	5.10%

Note 7 - Leases - Operating L_2

Note 7 - Leases - Operating Lease, Payments to be Received (Details)	Mar. 31, 2019USD ($)
Fixed-price Contract [Member]
Remainder of 2019	$ 187,500
2020	192,900
2021	385,800
2022	385,800
2023	385,800
Thereafter	819,825
Total	2,357,625
Valuation Technique, Straight-Line [Member]
Remainder of 2019	259,299
2020	345,732
2021	345,732
2022	345,732
2023	345,732
Thereafter	691,464
Total	$ 2,333,691

Note 8 - Income Taxes (Details

Note 8 - Income Taxes (Details Textual) - USD ($)	3 Months Ended		12 Months Ended	36 Months Ended
	Mar. 31, 2019	Mar. 31, 2018	Dec. 31, 2011	Dec. 31, 2006	Dec. 31, 2018
Effective Income Tax Rate Reconciliation, Percent, Total	7.10%	(7.70%)
VAT and Withholding Taxes				$ 800,000
Interest Penalty Percentage				20.00%
Payments for Good Faith Deposits to Local Tax Authority Under Tax Agency's Adminstrative Judicial Resolution Process			$ 173,000
Reserve for Tax Deficiencies of Subsidiaries [Member]
Loss Contingency Accrual, Ending Balance					$ 172,500

Note 9 - Revenue Recognition (D

Note 9 - Revenue Recognition (Details Textual)	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Contract with Customer, Returns as Percent of Net Sales	0.04%	0.27%
Number of Reportable Segments	1
Number of Operating Segments	6
Minimum [Member]
Contract with Customer, Distributor Discount	20.00%
Maximum [Member]
Contract with Customer, Distributor Discount	40.00%

Note 9 - Revenue Recognition -

Note 9 - Revenue Recognition - Net Sales by Product Category (Details) - USD ($)	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Net Revenues	$ 9,489,504	$ 10,003,239
Nutritional and Dietary Supplements [Member]
Net Revenues	8,497,350	9,069,356
Sales Aids, Membership Fees, and Other [Member]
Net Revenues	313,647	322,025
Freight Income [Member]
Net Revenues	519,941	611,858
Service, Other [Member]
Net Revenues	$ 158,566

Note 9 - Revenue Recognition _2

Note 9 - Revenue Recognition - Net Sales by Geographic Region (Details) - USD ($)		3 Months Ended
		Mar. 31, 2019	Mar. 31, 2018
Net Revenues		$ 9,489,504	$ 10,003,239
UNITED STATES
Net Revenues		7,111,773	7,670,061
Australia, New Zealand [Member]
Net Revenues		177,048	231,928
CANADA
Net Revenues		199,399	242,120
MEXICO
Net Revenues		136,026	107,371
Europe [Member]
Net Revenues	[1]	938,668	1,164,884
Asia [Member]
Net Revenues	[2]	$ 926,590	$ 586,875
[1]	Europe consists of United Kingdom, Ireland, France, Germany, Austria, and the Netherlands.
[2]	Asia consists of Philippines, Malaysia, and Singapore.