Document And Entity Information
Document And Entity Information - USD ($) $ in Millions | 12 Months Ended | ||
Dec. 31, 2019 | Mar. 23, 2020 | Jun. 28, 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 Voluntary Filers | No | ||
Entity Well-known Seasoned Issuer | No | ||
Entity Emerging Growth Company | false | ||
Entity Small Business | true | ||
Entity Interactive Data Current | Yes | ||
Entity Common Stock, Shares Outstanding (in shares) | 1,746,499 | ||
Entity Public Float | $ 4.5 | ||
Entity Shell Company | false | ||
Document Type | 10-K | ||
Document Period End Date | Dec. 31, 2019 | ||
Document Fiscal Year Focus | 2019 | ||
Document Fiscal Period Focus | FY | ||
Amendment Flag | false | ||
Title of 12(b) Security | Common Stock, par value $0.001 |
Consolidated Balance Sheets
Consolidated Balance Sheets - USD ($) | Dec. 31, 2019 | Dec. 31, 2018 |
Assets | ||
Cash and cash equivalents | $ 1,630,779 | $ 1,989,974 |
Accounts receivable, less allowances of $5,000 in 2019 and 2018 | 107,369 | 400,759 |
Notes & accounts receivables and deposits - related parties | 1,099,228 | 151,222 |
Inventories: | ||
Finished goods | 2,275,306 | 2,460,563 |
Raw materials | 305,571 | 372,865 |
Sales aids and promotional materials | 120,811 | 121,519 |
Total inventories | 2,701,688 | 2,954,947 |
Refundable income taxes | 22,406 | 22,712 |
Assets held for sale | 2,124,939 | |
Prepaid expenses and other current assets | 304,048 | 441,453 |
Total current assets | 5,865,518 | 8,086,006 |
Other assets | 338,974 | |
Notes and accounts receivables - related parties | 2,418,921 | 1,282,072 |
Operating lease right-to-use assets | 354,440 | |
Intangible assets, net | 1,722,277 | 1,948,263 |
Equity investment | 505,000 | |
Property, plant, and equipment | 14,527,400 | 14,420,559 |
Less accumulated depreciation | 10,086,560 | 9,722,009 |
Property, plant, and equipment, net | 4,440,840 | 4,698,550 |
Total assets | 15,306,996 | 16,353,865 |
Liabilities and stockholders’ equity | ||
Accounts payable and accrued expenses | 3,131,209 | 3,880,086 |
Income taxes payable | 121,177 | 35,304 |
Operating lease liabilities, current | 236,771 | |
Revolving line of credit | 500,000 | |
Total current liabilities | 3,989,157 | 3,915,390 |
Noncurrent liabilities: | ||
Operating lease liabilities, noncurrent | 103,580 | |
Other noncurrent liabilities | 112,616 | 445,611 |
Total noncurrent liabilities | 216,196 | 445,611 |
Stockholders’ equity: | ||
Preferred stock, par value $0.001 per share; 500,000 shares authorized; -0- shares issued and outstanding in 2019 and 2018 | 0 | 0 |
Common stock, par value $0.001 per share; 5,000,000 shares authorized, 2,110,013 shares issued and 1,746,449 shares outstanding in 2019; 2,110,013 shares issued and 1,845,160 shares outstanding in 2018 | 2,110 | 2,110 |
Additional paid-in capital | 30,643,771 | 30,622,547 |
Accumulated deficit | (12,755,495) | (12,311,138) |
Accumulated other comprehensive loss: | ||
Foreign currency translation adjustment | (937,320) | (982,095) |
Treasury stock | (5,851,423) | (5,338,560) |
Total stockholders’ equity | 11,101,643 | 11,992,864 |
Total liabilities and stockholders’ equity | $ 15,306,996 | $ 16,353,865 |
Consolidated Balance Sheets (Pa
Consolidated Balance Sheets (Parentheticals) - USD ($) | Dec. 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 |
Consolidated Statements of Net
Consolidated Statements of Net Loss and Comprehensive Loss - USD ($) | 12 Months Ended | |
Dec. 31, 2019 | Dec. 31, 2018 | |
Net sales | $ 35,055,315 | $ 36,115,741 |
Costs and expenses: | ||
Cost of goods sold | 9,557,116 | 9,709,743 |
Distributor royalties and commissions | 11,259,071 | 11,749,604 |
Selling, general, and administrative | 14,798,586 | 16,520,885 |
Loss from operations | (559,458) | (1,864,491) |
Other income (expense): | ||
Interest income | 177,810 | 93,054 |
Interest expense | (47,180) | (95,556) |
Other income | 17,922 | 62,347 |
Gain (loss) on sale of fixed assets | 434,549 | (695) |
Income (loss) before income taxes | 23,643 | (1,805,341) |
Provision for income taxes | 468,000 | 98,000 |
Net loss available to common shareholders | (444,357) | (1,903,341) |
Other comprehensive income (loss): | ||
Foreign currency translation adjustment | 44,775 | (124,441) |
Comprehensive loss | $ (399,582) | $ (2,027,782) |
Loss per common share - Basic (in dollars per share) | $ (0.25) | $ (1.03) |
Weighted average shares (in shares) | 1,746,000 | 1,845,000 |
Loss per common share - Diluted (in dollars per share) | $ (0.25) | $ (1.03) |
Weighted average shares (in shares) | 1,746,000 | 1,845,000 |
Product [Member] | ||
Net sales | $ 32,298,533 | $ 33,918,169 |
Freight Income [Member] | ||
Net sales | 1,973,320 | 2,197,572 |
Product and Service, Other [Member] | ||
Net sales | $ 783,462 |
Consolidated Statements of Stoc
Consolidated Statements of Stockholders' Equity - 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 loss | (1,903,341) | (1,903,341) | ||||
Foreign currency translation adjustment | (124,441) | (124,441) | ||||
Total comprehensive income (loss) | (2,027,782) | |||||
Adoption of Accounting Standards Update 2014-09 | (367,568) | (367,568) | ||||
Stock-based compensation | 23,627 | 23,627 | ||||
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 loss | (444,357) | (444,357) | ||||
Foreign currency translation adjustment | 44,775 | 44,775 | ||||
Total comprehensive income (loss) | (399,582) | |||||
Stock-based compensation | 21,224 | 21,224 | ||||
Treasury stock acquired (in shares) | 99,200 | |||||
Treasury stock acquired | $ (540,144) | (540,144) | ||||
Other (in shares) | (489) | |||||
Other | $ 27,281 | 27,281 | ||||
Balance (in shares) at Dec. 31, 2019 | 2,110,013 | 363,564 | ||||
Balance at Dec. 31, 2019 | $ 2,110 | $ 30,643,771 | $ (12,755,495) | $ (937,320) | $ (5,851,423) | $ 11,101,643 |
Consolidated Statements of Cash
Consolidated Statements of Cash Flows - USD ($) | 12 Months Ended | |
Dec. 31, 2019 | Dec. 31, 2018 | |
Operating activities | ||
Net loss | $ (444,357) | $ (1,903,341) |
Adjustments to reconcile net loss to net cash used in operating activities: | ||
Depreciation and amortization | 583,824 | 810,442 |
Stock-based compensation | 21,224 | 23,627 |
Non-cash life insurance policy reduction (accretion) | 20,329 | |
Non-cash other revenue | (345,732) | |
Non-cash miscellaneous loss | 24,618 | |
(Gain) loss on sale of property, plant and equipment | (434,549) | 695 |
Foreign currency transaction (gain)/loss | 11,450 | (32,577) |
(Increase) decrease in trade, accounts & notes receivable, and deposits - related parties | (644,823) | (377,466) |
(Increase) decrease in inventories | 843,881 | (26,036) |
(Increase) decrease in refundable income taxes | 306 | (3,840) |
(Increase) decrease in prepaid expenses and other current assets | 142,614 | (75,941) |
Increase (decrease) in income taxes payable | 82,833 | 30,909 |
Increase (decrease) in accounts payable & accrued expenses, deferred revenue, and non-current liabilities | (783,880) | 363,275 |
Net cash used in operating activities | (942,591) | (1,169,924) |
Investing activities | ||
Proceeds from sale of property, plant, and equipment | 8,522 | |
Purchase of property, plant, and equipment | (98,773) | (181,343) |
Proceeds from redemption of life insurance policy | 3,066,193 | |
Payments received on notes receivables - related parties | 162,457 | 115,892 |
Net cash provided by investing activities | 63,684 | 3,009,264 |
Financing activities | ||
Proceeds from revolving line of credit borrowings | 500,000 | |
Principal payments on long-term borrowings | (3,045,421) | |
Net cash provided by (used in) financing activities | 500,000 | (3,045,421) |
Effect of exchange rate changes on cash and cash equivalents | 19,712 | (76,733) |
Increase (decrease) in cash and cash equivalents | (359,195) | (1,282,814) |
Cash and cash equivalents at beginning of year | 1,989,974 | 3,272,788 |
Cash and cash equivalents at end of year | 1,630,779 | 1,989,974 |
Supplemental disclosures of cash flow information: | ||
Interest | 47,700 | 99,000 |
Income taxes paid | $ 355,000 | $ 66,600 |
Note 1 - Nature of Business and
Note 1 - Nature of Business and Significant Accounting Policies | 12 Months Ended |
Dec. 31, 2019 | |
Notes to Financial Statements | |
Significant Accounting Policies [Text Block] | 1. Nature of Business Reliv’ International, Inc. (the Company) produces a proprietary line of nutritional supplements addressing basic nutrition, specific wellness needs, weight management, and sports nutrition. These products are sold by subsidiaries of the Company to a sales force of independent distributors of the Company that sell products directly to consumers. The Company and its subsidiaries sell products to distributors throughout the United States and in Australia, Austria, Canada, France, Germany, Ireland, Malaysia, Mexico, the Netherlands, New Zealand, the Philippines, and the United Kingdom. Basis of Presentation The consolidated financial statements include the accounts of the Company and its foreign and domestic subsidiaries. All significant intercompany accounts and transactions have been eliminated. 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 Certain previously reported 2018 Cash Equivalents Our policy is to consider the following as cash and cash equivalents: demand deposits and short-term investments with a maturity of three Property, Plant, and Equipment Property, plant, and equipment are stated on the cost basis. Depreciation is computed using the straight-line or an accelerated method over the useful life of the related assets. Generally, computer equipment and software are depreciated over 3 5 7 39 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 cost of goods sold upon recognition of revenue when sold to distributors. All other advertising and promotional costs are expensed when incurred. Amortizable Intangible Assets Intangible assets are recorded based on management’s determination of the fair value of the respective assets at the time of acquisition. Determining the fair value of intangible assets is judgmental and involves the use of significant estimates and assumptions of future company operations. Our fair value estimates and related asset lives are based on assumptions we believe to be reasonable but that are unpredictable and inherently uncertain. Actual future results may Intangible assets estimated to have finite lives are amortized over their estimated economic life under the straight-line method; such method correlates to management’s estimate of the assets’ economic benefit. Based on management’s estimates at origination, these lives range from two seventeen December 31, 2019, five ten Concentrations of Risk Effective January 1, 2019, 2 3 Variable Interest Entities (VIE) - Unconsolidated Effective January 1, 2019, We do not not not not See Note 2 3 Revenue Recognition We recognize revenue from product sales under a five 20 40 not no 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 the lessor accounting sections within this Note 1 9. 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% December 31, 2019 2018, 0.08% 0.17%, Basic and Diluted Earnings (Loss) per Share Basic earnings (loss) per common share are computed using the weighted average number of common shares outstanding during the year. Diluted earnings (loss) per common share are 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. See Note 11 Foreign Currency Translation and Transaction Gains or Losses All balance sheet accounts have been translated using the exchange rates in effect at the balance sheet date. Statements of net income (loss) amounts have been translated using the average exchange rate for the year. The gains and losses resulting from the changes in exchange rates from year to year have been reported in other comprehensive income (loss). The foreign currency translation adjustment is the only component of accumulated other comprehensive loss. If applicable, foreign currency translation adjustments exclude income tax expense (benefit) as certain of our investments in non-U.S. subsidiaries are deemed to be reinvested for an indefinite period of time. Foreign currency transaction gains (losses) were $( 11,450 $32,577 2019 2018, Fair Value Measurements FASB ASC Topic 820, 7 Stock-Based Compensation We have stock-based incentive plans under which we may 10 Income Taxes The provision for income taxes is computed using the liability method. The primary differences between financial statement and taxable income result from financial statement accruals and reserves and differences between depreciation and amortization for book and tax purposes. Unrecognized tax benefits are accounted for as required by FASB ASC Topic 740 not 13 Advertising Costs of sales aids and promotional materials are capitalized as inventories. All other advertising and promotional costs are expensed when incurred. Advertising expenses were $16,800 $19,300 2019 2018, Research and Development Expenses Research and development expenses, which are charged to selling, general, and administrative expenses as incurred, were $185,000 $473,000 2019 2018, New Accounting Pronouncement – Leases Adopted in 2019 On January 1, 2019, No. 2016 02, Leases (Topic 842 Lessee Accounting We applied the new lease accounting standard to all lessee operating leases using the prospective transition method. Under this method, prior financial reporting periods are 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 9 Lessor Accounting – Other Revenue Other revenue consists of revenue derived from our leasing a portion of our headquarters building to 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 9 New Accounting Pronouncements – Not In June 2016, No. 2016 13, 326 may may January 1, 2023, In December 2019, No. 2019 12, Income Taxes (Topic 740 January 1, 2021, Going Concern We have incurred operating losses, declining net sales, and negative net cash flows over our most recent five not December 31, 2019, $1,630,779 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, $100,000 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 | 12 Months Ended |
Dec. 31, 2019 | |
Notes to Financial Statements | |
Disposal Groups, Including Discontinued Operations, Disclosure [Text Block] | 2. Sale of Manufacturing Operations’ Assets 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%, June 1, 2019 2 ● $764,344 seven 7.0%, first two ten first October 1, 2019 2 ● 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 Promissory Note Modification – June 1, 2019 On June 1, 2019, January 1, 2019, ● Effective June 1, 2019, $500,000 $460,583 $500,000 ● The $460,583 June 1, 2019 6.0% December 2020. January 1, 2021, $8,904 60 Promissory Note Modification – October 1, 2019 In December 2019, January 1, 2019, ● Effective October 1, 2019, January 1, 2019 $764,344 $711,163. $53,181 January 1, 2019. ● The $711,163 January 1, 2019 October 1, 2019 7.0% December 2020. January 1, 2021, $8,257, ten 60 January 1, 2026. |
Note 3 - Related Parties
Note 3 - Related Parties | 12 Months Ended |
Dec. 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. December 31 December 31 Assets and liabilities - related parties 2019 2018 Notes & accounts receivables and deposits - current Deposits with Nutracom for inventory $ 941,154 $ - Note receivable - distributor (Note 12) 130,629 123,040 Other miscellaneous receivables 27,445 28,182 $ 1,099,228 $ 151,222 Notes & accounts receivables - non-current Note receivable - distributor (Note 12) $ 1,151,443 $ 1,282,072 Note receivable - Nutracom unsecured DTD 6/1/2019 460,583 - Note receivable - Nutracom unsecured DTD 10/1/2019 711,163 - Unbilled receivables: Straight line rent revenue greater than rental billings 95,732 - $ 2,418,921 $ 1,282,072 Equity investment in Nutracom $ 505,000 - Liability captions with Nutracom balances included therein Trade accounts payable and other accrued expenses $ 430,907 - The following table presents scheduled principal payments to be received on the distributor and Nutracom promissory notes receivable: 2020 $ 130,629 2021 271,037 2022 288,294 2023 306,655 2024 326,190 Thereafter 1,131,013 $ 2,453,818 Year ended December 31 Revenue and expense - related parties 2019 2018 Other revenue $ 783,462 $ - Selling, general and administrative expense: Fullfillment & professional fees 622,169 - Interest income on promissory notes 171,812 66,519 Gain on sale of fixed assets 434,549 - Finished goods inventory purchased from Nutracom $ 5,756,000 - At December 31, 2019, $1.41 Supplementary Disclosure of Cash Flows Information We incurred the following 2019 2019 January 1, 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 June 1, 2019 Secured promissory note receivable balance decreased; applied as reduction to outstanding trade accounts payable 500,000 Unsecured promissory note received in exchange for remaining secured promissory note balance and other considerations 460,583 October 1, 2019 Unsecured promissory note receivable balance decreased; applied to return of inventories previously sold under January 1, 2019 Purchase Agreement 53,181 Unsecured promissory note received in exchange for balance remaining on unsecured promissory note issued January 1, 2019 711,163 |
Note 4 - Property, Plant, and E
Note 4 - Property, Plant, and Equipment | 12 Months Ended |
Dec. 31, 2019 | |
Notes to Financial Statements | |
Property, Plant and Equipment Disclosure [Text Block] | 4 . Property, Plant, and Equipment Property, plant, and equipment at December 31, 2019 2018, 2019 2018 Land and land improvements $ 905,190 $ 905,190 Building 10,145,005 9,964,523 Office and other equipment 1,237,142 1,337,911 Computer equipment and software 2,240,063 2,212,935 14,527,400 14,420,559 Less accumulated depreciation 10,086,560 9,722,009 $ 4,440,840 $ 4,698,550 At December 31, 2018, $0.56 $4.70 $4.14 2 For the years ended December 31, 2019 2018, $357,839 $584,457, |
Note 5 - Accounts Payable and A
Note 5 - Accounts Payable and Accrued Expenses | 12 Months Ended |
Dec. 31, 2019 | |
Notes to Financial Statements | |
Accounts Payable and Accrued Liabilities Disclosure [Text Block] | 5 . Accounts Payable and Accrued Expenses Accounts payable and accrued expenses at December 31, 2019 2018, 2019 2018 Trade payables $ 1,565,198 $ 2,105,814 Distributors' commissions 891,492 1,030,948 Sales taxes 139,542 195,802 Deferred revenue 322,261 337,234 Payroll and payroll taxes 212,716 210,288 $ 3,131,209 $ 3,880,086 |
Note 6 - Amortizable Intangible
Note 6 - Amortizable Intangible Assets | 12 Months Ended |
Dec. 31, 2019 | |
Notes to Financial Statements | |
Intangible Assets Disclosure [Text Block] | 6 . Amortizable Intangible Assets Amortizable intangible assets as of December 31, 2019 2018 Accumulated Gross Carrying Amount Amortization 2019 2018 2019 2018 Distributorship and related agreements $ 2,060,000 $ 2,060,000 $ 1,547,290 $ 1,437,423 Lunasin technology license 1,954,661 1,954,661 745,094 628,975 $ 4,014,661 $ 4,014,661 $ 2,292,384 $ 2,066,398 Amortization expense for intangible assets totaled $ 225,985 2019 2018, five Intangible Amortization 2020 $ 226,000 2021 226,000 2022 226,000 2023 226,000 2024 189,000 |
Note 7 - Fair Value of Financia
Note 7 - Fair Value of Financial Instruments | 12 Months Ended |
Dec. 31, 2019 | |
Notes to Financial Statements | |
Fair Value Disclosures [Text Block] | 7 . Fair Value of Financial Instruments The carrying amount and fair value of financial instruments at December 31, 2019 2018 Carrying Fair Description Amount Value Level 1 Level 2 Level 3 December 31, 2019 Revolving line of credit $ 500,000 $ 500,000 - $ 500,000 - Note receivable - distributor 1,282,072 1,400,000 - 1,400,000 - Notes receivable - Nutracom 1,171,746 1,169,000 - - $ 1,169,000 December 31, 2018 Note receivable - distributor $ 1,405,112 $ 1,529,000 - $ 1,529,000 - Marketable securities 339,000 339,000 $ 339,000 - - 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: Long-term debt thirty Note receivable - distributor fifteen Note s receivable - Nutracom two third 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 8 - Debt
Note 8 - Debt | 12 Months Ended |
Dec. 31, 2019 | |
Notes to Financial Statements | |
Debt Disclosure [Text Block] | 8 . 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. December 31, 2019, $500,000 4.69%. 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 December 31, 2019, 2018 At June 30, 2018, July 2018, $3.07 $2.86 July 2018 |
Note 9 - Leases
Note 9 - Leases | 12 Months Ended |
Dec. 31, 2019 | |
Notes to Financial Statements | |
Lessee and Lessor, Operating Leases [Text Block] | 9 . Leases Lessee We lease certain office facilities, storage, and equipment. These leases have varying terms, are generally one five The following represents the maturity of our operating lease liabilities as of December 31, 2019: 2020 $ 248,425 2021 74,550 2022 27,013 2023 5,768 2024 - Thereafter - Total operating lease payments 355,756 Less: imputed interest (15,405 ) Total operating lease liabilities $ 340,351 Operating lease expense: Year ended December 31 2019 Fixed $ 264,131 Variable 17,361 Short-term 24,500 Total $ 305,992 Rental expense under operating leases, including short-term operating leases was $305,992 $326,724 December 31, 2019 2018, As of December 31, 2019, 1.75 5.2%. $263,700 December 31, 2019. Lessor – Other Revenue Other revenue consists of revenue derived from our leasing a portion of our headquarters building to 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; totaling approximately $437,700 December 31, 2019. The following table details lessor’s estimated straight-line rent revenue over the remaining six Estimated Straight-line Lease Agreement Rent Revenue Fixed Rent 2020 $ 345,732 $ 192,900 2021 345,732 385,800 2022 345,732 385,800 2023 345,732 385,800 2024 345,732 409,913 Thereafter 345,733 409,912 Total $ 2,074,393 $ 2,170,125 |
Note 10 - Stockholders' Equity
Note 10 - Stockholders' Equity | 12 Months Ended |
Dec. 31, 2019 | |
Notes to Financial Statements | |
Shareholders' Equity and Share-based Payments [Text Block] | 10. Stock Options – Incentive Stock Plans We sponsor an incentive stock plan (the “2014 142,857 The 2014 may not may no may 10 2014 2024. In May 2017, 2017 2017 200,000 2017 not A summary of our stock option activity and related information for the years ended December 31 2019 2018 Options Weighted Avg. Exercise Price Options Weighted Avg. Exercise Price Outstanding beginning of the year 81,426 $ 7.77 140,424 $ 7.85 Granted - - Exercised - - Expired and forfeited - (58,998 ) 7.96 Outstanding at end of year 81,426 $ 7.77 81,426 $ 7.77 Exercisable at end of year 24,426 $ 7.77 14,655 $ 7.77 Compensation cost for the stock option plan was approximately $19,000 $19,000 $21,000 $21,000 December 31, 2019 2018, December 31, 2019 March 2020. December 31, 2019, zero zero Distributor Stock Purchase Plan In July 2009, 2009 The 2009 ten no December 31, 2019, 2,371 $4.24 $4.77. no December 31, 2021. We record expense for warrants granted to distributors under the fair value method. Total expense for the warrants was $2,000 $3,600 2019 2018, December 31, 2019 zero |
Note 11 - Loss Per Share
Note 11 - Loss Per Share | 12 Months Ended |
Dec. 31, 2019 | |
Notes to Financial Statements | |
Earnings Per Share [Text Block] | 11. The following table sets forth the computation of basic and diluted loss per share: Year ended December 31 2019 2018 Numerator: Net loss $ (444,357 ) $ (1,903,341 ) Denominator: Denominator for basic loss per share – weighted average shares 1,746,000 1,845,000 Dilutive effect of employee stock options and other warrants - - Denominator for diluted loss per share – adjusted weighted average shares 1,746,000 1,845,000 Basic loss per share $ (0.25 ) $ (1.03 ) Diluted loss per share $ (0.25 ) $ (1.03 ) For the years ended December 31, 2019 2018, 83,797 86,316, not |
Note 12 - Note Receivable Due F
Note 12 - Note Receivable Due From Distributor | 12 Months Ended |
Dec. 31, 2019 | |
Notes to Financial Statements | |
Loans, Notes, Trade and Other Receivables, Excluding Allowance for Credit Losses [Text Block] | 1 2 . Note Receivable Due From Distributor In March 2012, $2 May 2012, $2 2012. 6% no As originally structured, beginning in 2013, five February 2013, fifteen $1,282,072 $1,405,112 December 31, 2019 2018, |
Note 13 - Income Taxes
Note 13 - Income Taxes | 12 Months Ended |
Dec. 31, 2019 | |
Notes to Financial Statements | |
Income Tax Disclosure [Text Block] | 1 3 . Income Taxes Compenents of income (loss) before income taxes: Year ended December 31 2019 2018 United States $ (332,929 ) $ (1,694,301 ) Foreign 356,572 (111,040 ) $ 23,643 $ (1,805,341 ) Compenents of provision (benefit) for income taxes: Year ended December 31 2019 2018 Current: Federal $ (2,000 ) $ (3,000 ) State 5,000 4,000 Foreign 465,000 97,000 Total current 468,000 98,000 Deferred: Federal - - State - - Foreign - - Total deferred - - $ 468,000 $ 98,000 During the fiscal years of 2016 2019, not not 2019 2018 $91,000 $186,000, The effective income tax rate percentage was not December 31, 2019 5.4 December 31, 2018. one The provision (benefit) for income taxes is different from the amounts computed by applying the United States federal statutory income tax rate of 21% December 31, 2019 2018, Year ended December 31 2019 2018 Income taxes at U.S. statutory rate $ 5,000 $ (379,000 ) State income taxes, net of federal benefit 8,000 7,000 Higher effective taxes on earnings in foreign countries 77,000 38,000 Foreign corporate income taxes 51,000 97,000 Foreign income tax audit settlements 154,000 - Life insurance settlement - 118,000 GILTI 71,000 34,000 Nondeductible meals and entertainment expense 7,000 9,000 Valuation allowance, net 91,000 186,000 Other 4,000 (12,000 ) $ 468,000 $ 98,000 The components of the deferred tax assets and liabilities, and the related tax effects of each temporary difference at December 31, 2019 2018, 2019 2018 Deferred tax assets: Inventory obsolescence reserve $ 41,000 $ 53,000 Deferred revenue 54,000 91,000 Organization costs 117,000 117,000 Deferred compensation - 97,000 Depreciation and amortization 33,000 2,000 Operating lease liabilities 76,000 - Miscellaneous accrued expenses 20,000 23,000 Domestic net operating loss carryforwards 649,000 451,000 Foreign net operating loss carryforwards 3,311,000 3,118,000 Valuation allowance (4,117,000 ) (3,845,000 ) 184,000 107,000 Deferred tax liabilities: Operating lease right-to-use assets 77,000 - Foreign currency exchange 107,000 107,000 184,000 107,000 Net deferred tax assets (liabilities) $ - $ - We have a deferred tax asset relating to domestic federal net operating loss carryforwards of approximately $649,000 December 31, 2019 $464,000 2036 2038. $3,311,000 December 31, 2019 not December 31, 2019, not not The United States Tax Cuts and Jobs Act (TCJA) was enacted in December 2017, 21% January 1, 2018, The TCJA introduced a new tax on global intangible low-taxed income (“GILTI”) effective as of January 1, 2018. At December 31, 2019 2018, $30,000 $32,000, $19,000 The aggregate changes in the balance of net unrecognized tax benefits were as follows: 2019 2018 Beginning of year $ 22,000 $ 26,000 Settlements and effective settlements with tax authorities - - Lapse of statute of limitations (5,000 ) (7,000 ) Decrease to tax positions taken during prior periods (3,000 ) (3,000 ) Increase to tax positions taken during current period 5,000 6,000 End of year $ 19,000 $ 22,000 We have applied applicable guidance relating to accounting for uncertainty in income taxes. Reserves for uncertainty in income taxes are adjusted quarterly in light of changing facts and circumstances, such as the progress of tax audits, case law, and emerging legislation. The primary difference between gross unrecognized tax benefits and net unrecognized tax benefits is the U.S. federal tax benefit from state tax deductions. It is our practice to recognize interest and / or penalties related to income tax matters in income tax expense. At December 31, 2019 2018, $10,000 Our domestic and foreign subsidiaries are subject to U.S. federal income tax as well as income tax of multiple state and foreign jurisdictions. We have concluded all U.S. federal income tax matters for years through 2015 2015 third 2019, 2017 Foreign Tax Audit Settlements For the year ended December 31, 2019, $154,000 $25,000 T ax Year 2017 In mid- 2019, one 2017 $217,000 third 2019, $96,000 2017 Tax Years 200 4 – 2006 s One of our foreign subsidiaries has been under local country audit for greater than ten $800,000 20% 2004 2006. 2011, $173,000 In May 2018, one not December 31, 2018, $172,500. November 2019, $164,000 2005 2006. In December 2019, 2004 December 31, 2019, $84,000 |
Note 14 - Incentive Compensatio
Note 14 - Incentive Compensation Plans | 12 Months Ended |
Dec. 31, 2019 | |
Notes to Financial Statements | |
Compensation Related Costs, General [Text Block] | 1 4 . Incentive Compensation Plans Under a Board of Directors approved incentive compensation plan, bonuses are payable quarterly in an amount not 18% $500,000. 2019 2018, 18% zero 2019 2018, We sponsored a Supplemental Executive Retirement Plan (SERP) to allow certain executives to defer a portion of their annual salary and bonus into a grantor trust. In December 2019, December 31, 2019 2018, 0 $339,000, December 31, 2019 2018, 0 $341,000, |
Note 15 - Employee Benefit Plan
Note 15 - Employee Benefit Plans | 12 Months Ended |
Dec. 31, 2019 | |
Notes to Financial Statements | |
Pension and Other Postretirement Benefits Disclosure [Text Block] | 15. We sponsor a 401 15% 10% December 31, 2019, 2018, 401 $24,000 $36,800 2019 2018, We sponsor an employee stock ownership plan ("ESOP") which covers substantially all U.S. employees. We fund contributions to the ESOP on a discretionary basis. In 2019 2018, not |
Note 16 - Segment Information
Note 16 - Segment Information | 12 Months Ended |
Dec. 31, 2019 | |
Notes to Financial Statements | |
Segment Reporting Disclosure [Text Block] | 1 6 . Segment Information Description of Products and Services by Segment We operate in one six December 31 2019 2018 Net sales to external customers United States $ 25,747,158 $ 27,673,352 Australia/New Zealand 595,349 732,227 Canada 616,556 718,560 Mexico 577,488 474,372 Europe (1) 3,224,971 3,972,381 Asia (2) 4,293,793 2,544,849 Total net sales $ 35,055,315 $ 36,115,741 Assets by area United States $ 12,340,835 $ 13,584,424 Australia/New Zealand 502,812 540,591 Canada 154,825 166,533 Mexico 223,238 179,713 Europe (1) 971,159 867,008 Asia (2) 1,114,127 1,015,596 Total consolidated assets $ 15,306,996 $ 16,353,865 ( 1 Europe consists of United Kingdom, Ireland, France, Germany, Austria, and the Netherlands. ( 2 Asia consists of Philippines and Malaysia. We classify sales into three December 31 2019 2018 Net sales by product category Nutritional and dietary supplements $ 29,822,879 $ 32,670,362 Other supplements 1,223,977 - Sales aids, membership fees, and other 1,251,677 1,247,807 Freight income 1,973,320 2,197,572 Other revenue 783,462 - Total net sales $ 35,055,315 $ 36,115,741 |
Significant Accounting Policies
Significant Accounting Policies (Policies) | 12 Months Ended |
Dec. 31, 2019 | |
Accounting Policies [Abstract] | |
Nature of Operations, Policy [Policy Text Block] | Nature of Business Reliv’ International, Inc. (the Company) produces a proprietary line of nutritional supplements addressing basic nutrition, specific wellness needs, weight management, and sports nutrition. These products are sold by subsidiaries of the Company to a sales force of independent distributors of the Company that sell products directly to consumers. The Company and its subsidiaries sell products to distributors throughout the United States and in Australia, Austria, Canada, France, Germany, Ireland, Malaysia, Mexico, the Netherlands, New Zealand, the Philippines, and the United Kingdom. |
Basis of Accounting, Policy [Policy Text Block] | Basis of Presentation The consolidated financial statements include the accounts of the Company and its foreign and domestic subsidiaries. All significant intercompany accounts and transactions have been eliminated. |
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 Certain previously reported 2018 |
Cash and Cash Equivalents, Policy [Policy Text Block] | Cash Equivalents Our policy is to consider the following as cash and cash equivalents: demand deposits and short-term investments with a maturity of three |
Property, Plant and Equipment, Policy [Policy Text Block] | Property, Plant, and Equipment Property, plant, and equipment are stated on the cost basis. Depreciation is computed using the straight-line or an accelerated method over the useful life of the related assets. Generally, computer equipment and software are depreciated over 3 5 7 39 |
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 cost of goods sold upon recognition of revenue when sold to distributors. All other advertising and promotional costs are expensed when incurred. |
Goodwill and Intangible Assets, Intangible Assets, Policy [Policy Text Block] | Amortizable Intangible Assets Intangible assets are recorded based on management’s determination of the fair value of the respective assets at the time of acquisition. Determining the fair value of intangible assets is judgmental and involves the use of significant estimates and assumptions of future company operations. Our fair value estimates and related asset lives are based on assumptions we believe to be reasonable but that are unpredictable and inherently uncertain. Actual future results may Intangible assets estimated to have finite lives are amortized over their estimated economic life under the straight-line method; such method correlates to management’s estimate of the assets’ economic benefit. Based on management’s estimates at origination, these lives range from two seventeen December 31, 2019, five ten |
Concentration Risk, Credit Risk, Policy [Policy Text Block] | Concentrations of Risk Effective January 1, 2019, 2 3 |
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 |
Revenue [Policy Text Block] | Revenue Recognition We recognize revenue from product sales under a five 20 40 not no 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 the lessor accounting sections within this Note 1 9. 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% December 31, 2019 2018, 0.08% 0.17%, |
Earnings Per Share, Policy [Policy Text Block] | Basic and Diluted Earnings (Loss) per Share Basic earnings (loss) per common share are computed using the weighted average number of common shares outstanding during the year. Diluted earnings (loss) per common share are 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. See Note 11 |
Foreign Currency Transactions and Translations Policy [Policy Text Block] | Foreign Currency Translation and Transaction Gains or Losses All balance sheet accounts have been translated using the exchange rates in effect at the balance sheet date. Statements of net income (loss) amounts have been translated using the average exchange rate for the year. The gains and losses resulting from the changes in exchange rates from year to year have been reported in other comprehensive income (loss). The foreign currency translation adjustment is the only component of accumulated other comprehensive loss. If applicable, foreign currency translation adjustments exclude income tax expense (benefit) as certain of our investments in non-U.S. subsidiaries are deemed to be reinvested for an indefinite period of time. Foreign currency transaction gains (losses) were $( 11,450 $32,577 2019 2018, |
Fair Value Measurement, Policy [Policy Text Block] | Fair Value Measurements FASB ASC Topic 820, 7 |
Share-based Payment Arrangement [Policy Text Block] | Stock-Based Compensation We have stock-based incentive plans under which we may 10 |
Income Tax, Policy [Policy Text Block] | Income Taxes The provision for income taxes is computed using the liability method. The primary differences between financial statement and taxable income result from financial statement accruals and reserves and differences between depreciation and amortization for book and tax purposes. Unrecognized tax benefits are accounted for as required by FASB ASC Topic 740 not 13 |
Advertising Cost [Policy Text Block] | Advertising Costs of sales aids and promotional materials are capitalized as inventories. All other advertising and promotional costs are expensed when incurred. Advertising expenses were $16,800 $19,300 2019 2018, |
Research and Development Expense, Policy [Policy Text Block] | Research and Development Expenses Research and development expenses, which are charged to selling, general, and administrative expenses as incurred, were $185,000 $473,000 2019 2018, |
New Accounting Pronouncements, Policy [Policy Text Block] | New Accounting Pronouncement – Leases Adopted in 2019 On January 1, 2019, No. 2016 02, Leases (Topic 842 Lessee Accounting We applied the new lease accounting standard to all lessee operating leases using the prospective transition method. Under this method, prior financial reporting periods are 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 9 Lessor Accounting – Other Revenue Other revenue consists of revenue derived from our leasing a portion of our headquarters building to 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 9 New Accounting Pronouncements – Not In June 2016, No. 2016 13, 326 may may January 1, 2023, In December 2019, No. 2019 12, Income Taxes (Topic 740 January 1, 2021, |
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 December 31, 2019, $1,630,779 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, $100,000 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) | 12 Months Ended |
Dec. 31, 2019 | |
Notes Tables | |
Schedule of Related Party Transactions [Table Text Block] | December 31 December 31 Assets and liabilities - related parties 2019 2018 Notes & accounts receivables and deposits - current Deposits with Nutracom for inventory $ 941,154 $ - Note receivable - distributor (Note 12) 130,629 123,040 Other miscellaneous receivables 27,445 28,182 $ 1,099,228 $ 151,222 Notes & accounts receivables - non-current Note receivable - distributor (Note 12) $ 1,151,443 $ 1,282,072 Note receivable - Nutracom unsecured DTD 6/1/2019 460,583 - Note receivable - Nutracom unsecured DTD 10/1/2019 711,163 - Unbilled receivables: Straight line rent revenue greater than rental billings 95,732 - $ 2,418,921 $ 1,282,072 Equity investment in Nutracom $ 505,000 - Liability captions with Nutracom balances included therein Trade accounts payable and other accrued expenses $ 430,907 - Year ended December 31 Revenue and expense - related parties 2019 2018 Other revenue $ 783,462 $ - Selling, general and administrative expense: Fullfillment & professional fees 622,169 - Interest income on promissory notes 171,812 66,519 Gain on sale of fixed assets 434,549 - Finished goods inventory purchased from Nutracom $ 5,756,000 - |
Schedule of Principal Payments on Notes Receivables - Related Parties [Table Text Block] | 2020 $ 130,629 2021 271,037 2022 288,294 2023 306,655 2024 326,190 Thereafter 1,131,013 $ 2,453,818 |
Schedule of Cash Flow, Supplemental Disclosures [Table Text Block] | 2019 January 1, 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 June 1, 2019 Secured promissory note receivable balance decreased; applied as reduction to outstanding trade accounts payable 500,000 Unsecured promissory note received in exchange for remaining secured promissory note balance and other considerations 460,583 October 1, 2019 Unsecured promissory note receivable balance decreased; applied to return of inventories previously sold under January 1, 2019 Purchase Agreement 53,181 Unsecured promissory note received in exchange for balance remaining on unsecured promissory note issued January 1, 2019 711,163 |
Note 4 - Property, Plant, and_2
Note 4 - Property, Plant, and Equipment (Tables) | 12 Months Ended |
Dec. 31, 2019 | |
Notes Tables | |
Property, Plant and Equipment [Table Text Block] | 2019 2018 Land and land improvements $ 905,190 $ 905,190 Building 10,145,005 9,964,523 Office and other equipment 1,237,142 1,337,911 Computer equipment and software 2,240,063 2,212,935 14,527,400 14,420,559 Less accumulated depreciation 10,086,560 9,722,009 $ 4,440,840 $ 4,698,550 |
Note 5 - Accounts Payable and_2
Note 5 - Accounts Payable and Accrued Expenses (Tables) | 12 Months Ended |
Dec. 31, 2019 | |
Notes Tables | |
Schedule of Accounts Payable and Accrued Liabilities [Table Text Block] | 2019 2018 Trade payables $ 1,565,198 $ 2,105,814 Distributors' commissions 891,492 1,030,948 Sales taxes 139,542 195,802 Deferred revenue 322,261 337,234 Payroll and payroll taxes 212,716 210,288 $ 3,131,209 $ 3,880,086 |
Note 6 - Amortizable Intangib_2
Note 6 - Amortizable Intangible Assets (Tables) | 12 Months Ended |
Dec. 31, 2019 | |
Notes Tables | |
Schedule of Finite-Lived Intangible Assets [Table Text Block] | Accumulated Gross Carrying Amount Amortization 2019 2018 2019 2018 Distributorship and related agreements $ 2,060,000 $ 2,060,000 $ 1,547,290 $ 1,437,423 Lunasin technology license 1,954,661 1,954,661 745,094 628,975 $ 4,014,661 $ 4,014,661 $ 2,292,384 $ 2,066,398 |
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense [Table Text Block] | Intangible Amortization 2020 $ 226,000 2021 226,000 2022 226,000 2023 226,000 2024 189,000 |
Note 7 - Fair Value of Financ_2
Note 7 - Fair Value of Financial Instruments (Tables) | 12 Months Ended |
Dec. 31, 2019 | |
Notes Tables | |
Fair Value, by Balance Sheet Grouping [Table Text Block] | Carrying Fair Description Amount Value Level 1 Level 2 Level 3 December 31, 2019 Revolving line of credit $ 500,000 $ 500,000 - $ 500,000 - Note receivable - distributor 1,282,072 1,400,000 - 1,400,000 - Notes receivable - Nutracom 1,171,746 1,169,000 - - $ 1,169,000 December 31, 2018 Note receivable - distributor $ 1,405,112 $ 1,529,000 - $ 1,529,000 - Marketable securities 339,000 339,000 $ 339,000 - - |
Note 9 - Leases (Tables)
Note 9 - Leases (Tables) | 12 Months Ended |
Dec. 31, 2019 | |
Notes Tables | |
Lessee, Operating Lease, Liability, Maturity [Table Text Block] | 2020 $ 248,425 2021 74,550 2022 27,013 2023 5,768 2024 - Thereafter - Total operating lease payments 355,756 Less: imputed interest (15,405 ) Total operating lease liabilities $ 340,351 |
Lease, Cost [Table Text Block] | Operating lease expense: Year ended December 31 2019 Fixed $ 264,131 Variable 17,361 Short-term 24,500 Total $ 305,992 |
Lessor, Operating Lease, Payments to be Received, Maturity [Table Text Block] | Estimated Straight-line Lease Agreement Rent Revenue Fixed Rent 2020 $ 345,732 $ 192,900 2021 345,732 385,800 2022 345,732 385,800 2023 345,732 385,800 2024 345,732 409,913 Thereafter 345,733 409,912 Total $ 2,074,393 $ 2,170,125 |
Note 10 - Stockholders' Equity
Note 10 - Stockholders' Equity (Tables) | 12 Months Ended |
Dec. 31, 2019 | |
Notes Tables | |
Share-based Payment Arrangement, Option, Activity [Table Text Block] | 2019 2018 Options Weighted Avg. Exercise Price Options Weighted Avg. Exercise Price Outstanding beginning of the year 81,426 $ 7.77 140,424 $ 7.85 Granted - - Exercised - - Expired and forfeited - (58,998 ) 7.96 Outstanding at end of year 81,426 $ 7.77 81,426 $ 7.77 Exercisable at end of year 24,426 $ 7.77 14,655 $ 7.77 |
Note 11 - Loss Per Share (Table
Note 11 - Loss Per Share (Tables) | 12 Months Ended |
Dec. 31, 2019 | |
Notes Tables | |
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block] | Year ended December 31 2019 2018 Numerator: Net loss $ (444,357 ) $ (1,903,341 ) Denominator: Denominator for basic loss per share – weighted average shares 1,746,000 1,845,000 Dilutive effect of employee stock options and other warrants - - Denominator for diluted loss per share – adjusted weighted average shares 1,746,000 1,845,000 Basic loss per share $ (0.25 ) $ (1.03 ) Diluted loss per share $ (0.25 ) $ (1.03 ) |
Note 13 - Income Taxes (Tables)
Note 13 - Income Taxes (Tables) | 12 Months Ended |
Dec. 31, 2019 | |
Notes Tables | |
Schedule of Income before Income Tax, Domestic and Foreign [Table Text Block] | Compenents of income (loss) before income taxes: Year ended December 31 2019 2018 United States $ (332,929 ) $ (1,694,301 ) Foreign 356,572 (111,040 ) $ 23,643 $ (1,805,341 ) |
Schedule of Components of Income Tax Expense (Benefit) [Table Text Block] | Compenents of provision (benefit) for income taxes: Year ended December 31 2019 2018 Current: Federal $ (2,000 ) $ (3,000 ) State 5,000 4,000 Foreign 465,000 97,000 Total current 468,000 98,000 Deferred: Federal - - State - - Foreign - - Total deferred - - $ 468,000 $ 98,000 |
Schedule of Effective Income Tax Rate Reconciliation [Table Text Block] | Year ended December 31 2019 2018 Income taxes at U.S. statutory rate $ 5,000 $ (379,000 ) State income taxes, net of federal benefit 8,000 7,000 Higher effective taxes on earnings in foreign countries 77,000 38,000 Foreign corporate income taxes 51,000 97,000 Foreign income tax audit settlements 154,000 - Life insurance settlement - 118,000 GILTI 71,000 34,000 Nondeductible meals and entertainment expense 7,000 9,000 Valuation allowance, net 91,000 186,000 Other 4,000 (12,000 ) $ 468,000 $ 98,000 |
Schedule of Deferred Tax Assets and Liabilities [Table Text Block] | 2019 2018 Deferred tax assets: Inventory obsolescence reserve $ 41,000 $ 53,000 Deferred revenue 54,000 91,000 Organization costs 117,000 117,000 Deferred compensation - 97,000 Depreciation and amortization 33,000 2,000 Operating lease liabilities 76,000 - Miscellaneous accrued expenses 20,000 23,000 Domestic net operating loss carryforwards 649,000 451,000 Foreign net operating loss carryforwards 3,311,000 3,118,000 Valuation allowance (4,117,000 ) (3,845,000 ) 184,000 107,000 Deferred tax liabilities: Operating lease right-to-use assets 77,000 - Foreign currency exchange 107,000 107,000 184,000 107,000 Net deferred tax assets (liabilities) $ - $ - |
Schedule of Unrecognized Tax Benefits Roll Forward [Table Text Block] | 2019 2018 Beginning of year $ 22,000 $ 26,000 Settlements and effective settlements with tax authorities - - Lapse of statute of limitations (5,000 ) (7,000 ) Decrease to tax positions taken during prior periods (3,000 ) (3,000 ) Increase to tax positions taken during current period 5,000 6,000 End of year $ 19,000 $ 22,000 |
Note 16 - Segment Information (
Note 16 - Segment Information (Tables) | 12 Months Ended |
Dec. 31, 2019 | |
Notes Tables | |
Schedule of Revenue from External Customers and Long-Lived Assets, by Geographical Areas [Table Text Block] | 2019 2018 Net sales to external customers United States $ 25,747,158 $ 27,673,352 Australia/New Zealand 595,349 732,227 Canada 616,556 718,560 Mexico 577,488 474,372 Europe (1) 3,224,971 3,972,381 Asia (2) 4,293,793 2,544,849 Total net sales $ 35,055,315 $ 36,115,741 Assets by area United States $ 12,340,835 $ 13,584,424 Australia/New Zealand 502,812 540,591 Canada 154,825 166,533 Mexico 223,238 179,713 Europe (1) 971,159 867,008 Asia (2) 1,114,127 1,015,596 Total consolidated assets $ 15,306,996 $ 16,353,865 |
Schedule of Segment Reporting Information by Product [Table Text Block] | 2019 2018 Net sales by product category Nutritional and dietary supplements $ 29,822,879 $ 32,670,362 Other supplements 1,223,977 - Sales aids, membership fees, and other 1,251,677 1,247,807 Freight income 1,973,320 2,197,572 Other revenue 783,462 - Total net sales $ 35,055,315 $ 36,115,741 |
Note 1 - Nature of Business a_2
Note 1 - Nature of Business and Significant Accounting Policies (Details Textual) - USD ($) | Jan. 01, 2019 | Dec. 31, 2019 | Dec. 31, 2018 | Mar. 25, 2019 | Jan. 31, 2019 | Sep. 11, 2018 | Dec. 31, 2017 |
Sales Returns, Goods, Percentage of Refund | 100.00% | ||||||
Sales Returns, Goods, Percentage | 0.08% | 0.17% | |||||
Foreign Currency Transaction Gain (Loss), Unrealized | $ (11,450) | $ 32,577 | |||||
Advertising Expense | 16,800 | 19,300 | |||||
Research and Development Expense, Total | 185,000 | 473,000 | |||||
Operating Lease, Right-of-Use Asset | 354,440 | ||||||
Operating Lease, Liability, Total | 340,351 | ||||||
Cash and Cash Equivalents, at Carrying Value, Ending Balance | $ 1,630,779 | $ 1,989,974 | $ 3,272,788 | ||||
Nutracom, LLC [Member] | |||||||
Purchase Agreement, Payments Made Per Year | $ 100,000 | ||||||
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 | ||||
Accounting Standards Update 2016-02 [Member] | |||||||
Operating Lease, Right-of-Use Asset | 451,000 | ||||||
Operating Lease, Liability, Total | $ 457,000 | ||||||
Minimum [Member] | |||||||
Finite-Lived Intangible Asset, Useful Life | 2 years | ||||||
Finite-Lived Intangible Assets, Remaining Amortization Period | 5 years | ||||||
Maximum [Member] | |||||||
Finite-Lived Intangible Asset, Useful Life | 17 years | ||||||
Finite-Lived Intangible Assets, Remaining Amortization Period | 10 years | ||||||
Computer Equipment and Software [Member] | Minimum [Member] | |||||||
Property, Plant and Equipment, Useful Life | 3 years | ||||||
Computer Equipment and Software [Member] | Maximum [Member] | |||||||
Property, Plant and Equipment, Useful Life | 5 years | ||||||
Office Equipment and Machinery [Member] | |||||||
Property, Plant and Equipment, Useful Life | 7 years | ||||||
Real Property [Member] | |||||||
Property, Plant and Equipment, Useful Life | 39 years |
Note 2 - Sale of Manufacturin_2
Note 2 - Sale of Manufacturing Operations' Assets (Details Textual) - USD ($) | Oct. 01, 2019 | Jun. 01, 2019 | Jan. 01, 2019 | Jan. 01, 2020 | Dec. 31, 2019 | Sep. 30, 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 | ||||||
Increase (Decrease) in Notes Receivables | $ (53,181) | $ (500,000) | |||||
Secured Promissory Note Exchanged for Unsecured Promissory Note | 460,583 | ||||||
Unsecured Promissory Note Exchanged for Unsecured Promissory Note | 711,163 | ||||||
Nutracom, LLC [Member] | Secured Promissory Note [Member] | |||||||
Notes Receivable, Related Parties, Noncurrent | $ 1,000,000 | ||||||
Notes Receivable, Related Parties, Term | 7 years | ||||||
Notes Receivable, Related Parties, Interest Rate | 5.50% | ||||||
Increase (Decrease) in Notes Receivable, Related Parties | (500,000) | ||||||
Nutracom, LLC [Member] | Unsecured Promissory Note, 7 Percent Interest Rate [Member] | |||||||
Notes Receivable, Related Parties, Noncurrent | $ 711,163 | $ 764,344 | $ 711,163 | $ 764,344 | |||
Notes Receivable, Related Parties, Term | 10 years | 7 years | |||||
Notes Receivable, Related Parties, Interest Rate | 7.00% | 7.00% | |||||
Notes Receivable, Interest Only Period | 2 years | ||||||
Notes Receivable, Related Parties, Amortization Period | 10 years | ||||||
Notes Receivable, Principal and Interest Payments | $ 8,257 | ||||||
Notes Receivable, Payment Term | 5 years | ||||||
Nutracom, LLC [Member] | Unsecured Promissory Note, 6 Percent Interest Rate [Member] | |||||||
Notes Receivable, Related Parties, Noncurrent | $ 460,583 | $ 460,583 | |||||
Notes Receivable, Related Parties, Interest Rate | 6.00% | ||||||
Notes Receivable, Principal and Interest Payments | $ 8,904 | ||||||
Notes Receivable, Payment Term | 5 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 Thousands | Dec. 31, 2019USD ($) |
Purchase Obligation, Total | $ 1,410 |
Note 3 - Related Parties - Rela
Note 3 - Related Parties - Related Party Activities (Details) - USD ($) | 12 Months Ended | |||||
Dec. 31, 2019 | Dec. 31, 2018 | Oct. 01, 2019 | Sep. 30, 2019 | Jun. 01, 2019 | Jan. 01, 2019 | |
Total notes & accounts receivables and deposits | $ 1,099,228 | $ 151,222 | ||||
Total noncurrent notes receivables | 2,418,921 | 1,282,072 | ||||
Equity investment in Nutracom | 505,000 | |||||
Other revenue | 783,462 | |||||
Fullfillment & professional fees | 622,169 | |||||
Interest income on promissory notes | 171,812 | 66,519 | ||||
Gain on sale of fixed assets | 434,549 | (695) | ||||
Unbilled Revenues [Member] | ||||||
Unbilled receivables: Straight line rent revenue greater than rental billings | 95,732 | |||||
Nutracom, LLC [Member] | ||||||
Deposits with Nutracom for inventory | 941,154 | |||||
Equity investment in Nutracom | 505,000 | |||||
Trade accounts payable and other accrued expenses | 430,907 | |||||
Gain on sale of fixed assets | 434,549 | |||||
Finished goods inventory purchased from Nutracom | 5,756,000 | |||||
Nutracom, LLC [Member] | Unsecured Promissory Note, 6 Percent Interest Rate [Member] | ||||||
Note receivable, noncurrent | 460,583 | $ 460,583 | ||||
Nutracom, LLC [Member] | Unsecured Promissory Note, 7 Percent Interest Rate [Member] | ||||||
Note receivable, noncurrent | 711,163 | $ 711,163 | $ 764,344 | $ 764,344 | ||
Distributor [Member] | ||||||
Note receivable - distributor, current | 130,629 | 123,040 | ||||
Note receivable, noncurrent | 1,151,443 | 1,282,072 | ||||
Nutracom LLC and Distributor [Member] | ||||||
Total notes & accounts receivables and deposits | $ 27,445 | $ 28,182 |
Note 3 - Related Parties - Sche
Note 3 - Related Parties - Schedule of Principal Payments (Details) - Nutracom LLC and Distributor [Member] | Dec. 31, 2019USD ($) |
2020 | $ 130,629 |
2021 | 271,037 |
2022 | 288,294 |
2023 | 306,655 |
2024 | 326,190 |
Thereafter | 1,131,013 |
Total Notes Receivables | $ 2,453,818 |
Note 3 - Related Parties - Supp
Note 3 - Related Parties - Supplemental Cash Flow Information (Details) - USD ($) | Oct. 01, 2019 | Jun. 01, 2019 | Jan. 01, 2019 | Dec. 31, 2019 |
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 | |||
Secured promissory note receivable balance decreased; applied as reduction to outstanding trade accounts payable | $ 53,181 | $ 500,000 | ||
Unsecured promissory note received in exchange for remaining secured promissory note balance and other considerations | $ 460,583 | |||
Unsecured promissory note received in exchange for balance remaining on unsecured promissory note issued January 1, 2019 | $ 711,163 | |||
Nutracom, LLC [Member] | Sale of Fixed Assets [Member] | ||||
Sale of fixed assets | 1,000,000 | |||
Nutracom, LLC [Member] | Sale of Inventories [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 - Property, Plant, and_3
Note 4 - Property, Plant, and Equipment (Details Textual) - USD ($) | 12 Months Ended | |
Dec. 31, 2019 | Dec. 31, 2018 | |
Property, Plant and Equipment, Gross, Ending Balance | $ 14,527,400 | $ 14,420,559 |
Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment, Ending Balance | 10,086,560 | 9,722,009 |
Depreciation, Total | $ 357,839 | 584,457 |
Disposal Group, Held-for-sale, Not Discontinued Operations [Member] | ||
Disposal Group, Including Discontinued Operation, Property, Plant and Equipment, Current | 560,000 | |
Property, Plant and Equipment, Gross, Ending Balance | 4,700,000 | |
Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment, Ending Balance | $ 4,140,000 |
Note 4 - Property, Plant, and_4
Note 4 - Property, Plant, and Equipment - Summary of Property, Plant, and Equipment (Details) - USD ($) | Dec. 31, 2019 | Dec. 31, 2018 |
Property, plant, and equipment | $ 14,527,400 | $ 14,420,559 |
Less accumulated depreciation | 10,086,560 | 9,722,009 |
Property, plant, and equipment, net | 4,440,840 | 4,698,550 |
Land and Land Improvements [Member] | ||
Property, plant, and equipment | 905,190 | 905,190 |
Building [Member] | ||
Property, plant, and equipment | 10,145,005 | 9,964,523 |
Office Equipment and Machinery [Member] | ||
Property, plant, and equipment | 1,237,142 | 1,337,911 |
Computer Equipment and Software [Member] | ||
Property, plant, and equipment | $ 2,240,063 | $ 2,212,935 |
Note 5 - Accounts Payable and_3
Note 5 - Accounts Payable and Accrued Expenses - Summary of Accounts Payable and Accrued Expenses (Details) - USD ($) | Dec. 31, 2019 | Dec. 31, 2018 |
Trade payables | $ 1,565,198 | $ 2,105,814 |
Distributors' commissions | 891,492 | 1,030,948 |
Sales taxes | 139,542 | 195,802 |
Deferred revenue | 322,261 | 337,234 |
Payroll and payroll taxes | 212,716 | 210,288 |
$ 3,131,209 | $ 3,880,086 |
Note 6 - Amortizable Intangib_3
Note 6 - Amortizable Intangible Assets (Details Textual) - USD ($) | 12 Months Ended | |
Dec. 31, 2019 | Dec. 31, 2018 | |
Amortization of Intangible Assets, Total | $ 225,985 | $ 225,985 |
Note 6 - Amortizable Intangib_4
Note 6 - Amortizable Intangible Assets - Summary of Amortizable Intangible Assets (Details) - USD ($) | Dec. 31, 2019 | Dec. 31, 2018 |
Gross carrying amount | $ 4,014,661 | $ 4,014,661 |
Accumulated amortization | 2,292,384 | 2,066,398 |
Distributorship and Related Agreements [Member] | ||
Gross carrying amount | 2,060,000 | 2,060,000 |
Accumulated amortization | 1,547,290 | 1,437,423 |
Lunasin Technology License [Member] | ||
Gross carrying amount | 1,954,661 | 1,954,661 |
Accumulated amortization | $ 745,094 | $ 628,975 |
Note 6 - Amortizable Intangib_5
Note 6 - Amortizable Intangible Assets - Amortization Expense Over the Next Five Years (Details) | Dec. 31, 2019USD ($) |
2020 | $ 226,000 |
2021 | 226,000 |
2022 | 226,000 |
2023 | 226,000 |
2024 | $ 189,000 |
Note 7 - Fair Value of Financ_3
Note 7 - Fair Value of Financial Instruments - Summary of Financial Instruments (Details) - USD ($) | Dec. 31, 2019 | Dec. 31, 2018 |
Reported Value Measurement [Member] | ||
Revolving line of credit | $ 500,000 | |
Marketable securities | $ 339,000 | |
Reported Value Measurement [Member] | Distributor [Member] | ||
Note receivable | 1,282,072 | 1,405,112 |
Reported Value Measurement [Member] | Nutracom, LLC [Member] | ||
Note receivable | 1,171,746 | |
Estimate of Fair Value Measurement [Member] | ||
Revolving line of credit | 500,000 | |
Marketable securities | 339,000 | |
Estimate of Fair Value Measurement [Member] | Distributor [Member] | ||
Note receivable | 1,400,000 | 1,529,000 |
Estimate of Fair Value Measurement [Member] | Nutracom, LLC [Member] | ||
Note receivable | 1,169,000 | |
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Revolving line of credit | ||
Marketable securities | 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 | 1,400,000 | 1,529,000 |
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 2 [Member] | Nutracom, LLC [Member] | ||
Note receivable | ||
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 | $ 1,169,000 |
Note 8 - Debt (Details Textual)
Note 8 - Debt (Details Textual) - USD ($) | Mar. 25, 2019 | Sep. 11, 2018 | Jul. 30, 2018 | Dec. 31, 2019 | Jan. 31, 2019 | Dec. 31, 2018 | Jun. 30, 2018 |
Line of Credit, Current | $ 500,000 | ||||||
Cash Surrender Value of Life Insurance, Current | $ 3,070,000 | ||||||
Repayments of Debt | $ 2,860,000 | ||||||
Revolving Credit Facility [Member] | |||||||
Line of Credit Facility, Maximum Borrowing Capacity | $ 750,000 | $ 750,000 | $ 750,000 | ||||
Line of Credit, Current | $ 500,000 | $ 500,000 | $ 0 | ||||
Debt Instrument, Interest Rate, Stated Percentage | 4.69% | ||||||
Revolving Credit Facility [Member] | London Interbank Offered Rate (LIBOR) [Member] | |||||||
Debt Instrument, Basis Spread on Variable Rate | 3.00% | 2.25% |
Note 9 - Leases (Details Textua
Note 9 - Leases (Details Textual) - USD ($) | Jan. 01, 2019 | Dec. 31, 2019 | Dec. 31, 2018 |
Lease, Cost, Total | $ 305,992 | $ 326,724 | |
Operating Lease, Weighted Average Remaining Lease Term | 1 year 273 days | ||
Operating Lease, Weighted Average Discount Rate, Percent | 5.20% | ||
Operating Lease, Payments | $ 263,700 | ||
Lessor, Operating Lease, Term of Contract | 7 years | ||
Lessor, Operating Lease, Renewal Term | 5 years | ||
Revenue from Contract with Customer, Excluding Assessed Tax, Total | $ 35,055,315 | $ 36,115,741 | |
Lessor, Operating Lease, Remaining Lease Term | 6 years | ||
Lease Revenue Billed [Member] | |||
Revenue from Contract with Customer, Excluding Assessed Tax, Total | $ 437,700 | ||
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 9 - Leases - Maturity of O
Note 9 - Leases - Maturity of Operating Lease Liability (Details) | Dec. 31, 2019USD ($) |
2020 | $ 248,425 |
2021 | 74,550 |
2022 | 27,013 |
2023 | 5,768 |
2024 | |
Thereafter | |
Total operating lease payments | 355,756 |
Less: imputed interest | (15,405) |
Total operating lease liabilities | $ 340,351 |
Note 9 - Leases - Operating Lea
Note 9 - Leases - Operating Lease Liability Cost (Details) - USD ($) | 12 Months Ended | |
Dec. 31, 2019 | Dec. 31, 2018 | |
Fixed | $ 264,131 | |
Variable | 17,361 | |
Short-term | 24,500 | |
Total | $ 305,992 | $ 326,724 |
Note 9 - Leases - Operating L_2
Note 9 - Leases - Operating Lease, Payments to be Received (Details) | Dec. 31, 2019USD ($) |
Fixed-price Contract [Member] | |
2020 | $ 192,900 |
2021 | 385,800 |
2022 | 385,800 |
2023 | 385,800 |
2024 | 409,913 |
Thereafter | 409,912 |
Total | 2,170,125 |
Valuation Technique, Straight-Line [Member] | |
2020 | 345,732 |
2021 | 345,732 |
2022 | 345,732 |
2023 | 345,732 |
2024 | 345,732 |
Thereafter | 345,733 |
Total | $ 2,074,393 |
Note 10 - Stockholders' Equit_2
Note 10 - Stockholders' Equity (Details Textual) - USD ($) | 12 Months Ended | ||
Dec. 31, 2019 | Dec. 31, 2018 | May 31, 2017 | |
The 2009 Distributor Stock Purchase Plan [Member] | |||
Class of Warrant or Right, Outstanding | 2,371 | ||
Maximum [Member] | The 2009 Distributor Stock Purchase Plan [Member] | |||
Class of Warrant or Right, Exercise Price of Warrants or Rights | $ 4.77 | ||
Minimum [Member] | The 2009 Distributor Stock Purchase Plan [Member] | |||
Class of Warrant or Right, Exercise Price of Warrants or Rights | $ 4.24 | ||
The 2014 Stock Incentive Plan [Member] | |||
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized | 142,857 | ||
Share-based Payment Arrangement, Expense | $ 19,000 | $ 21,000 | |
Share-based Payment Arrangement, Expense, after Tax | 19,000 | 21,000 | |
Share-based Payment Arrangement, Nonvested Award, Option, Cost Not yet Recognized, Amount | 0 | ||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercisable, Intrinsic Value | $ 0 | ||
The 2014 Stock Incentive Plan [Member] | Maximum [Member] | |||
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period | 10 years | ||
The 2017 Incentive Stock Plan [Member] | |||
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized | 200,000 | ||
The 2009 Distributor Stock Purchase Plan [Member] | |||
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant | 0 | ||
The 2009 Distributor Stock Purchase Plan [Member] | Warrants [Member] | |||
Share-based Payment Arrangement, Expense | $ 2,000 | $ 3,600 | |
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Aggregate Intrinsic Value, Outstanding | $ 0 |
Note 10 - Stockholders' Equit_3
Note 10 - Stockholders' Equity - Summary of Stock Option Activity (Details) - $ / shares | 12 Months Ended | |
Dec. 31, 2019 | Dec. 31, 2018 | |
Options outstanding, beginning of year (in shares) | 81,426 | 140,424 |
Options outstanding, beginning of year, weighted average exercise price (in dollars per share) | $ 7.77 | $ 7.85 |
Options granted (in shares) | ||
Options granted, weighted average exercise price (in dollars per share) | ||
Options exercised (in shares) | ||
Options exercised, weighted average exercise price (in dollars per share) | ||
Options expired and forfeited (in shares) | (58,998) | |
Options expired and forfeited, weighted average exercise price (in dollars per share) | $ 7.96 | |
Options outstanding, end of year (in shares) | 81,426 | 81,426 |
Options outstanding, end of year, weighted average exercise price (in dollars per share) | $ 7.77 | $ 7.77 |
Options exercisable (in shares) | 24,426 | 14,655 |
Options exercisable, weighted average exercise price (in dollars per share) | $ 7.77 | $ 7.77 |
Note 11 - Loss Per Share (Detai
Note 11 - Loss Per Share (Details Textual) - shares | 12 Months Ended | |
Dec. 31, 2019 | Dec. 31, 2018 | |
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount | 83,797 | 86,316 |
Note 11 - Loss Per Share - Basi
Note 11 - Loss Per Share - Basic and Diluted Earnings (Loss) Per Share (Details) - USD ($) | 12 Months Ended | |
Dec. 31, 2019 | Dec. 31, 2018 | |
Net loss | $ (444,357) | $ (1,903,341) |
Denominator for basic 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 loss per share – adjusted weighted average shares (in shares) | 1,746,000 | 1,845,000 |
Loss per common share - Basic (in dollars per share) | $ (0.25) | $ (1.03) |
Loss per common share - Diluted (in dollars per share) | $ (0.25) | $ (1.03) |
Note 12 - Note Receivable Due_2
Note 12 - Note Receivable Due From Distributor (Details Textual) - USD ($) | Dec. 31, 2019 | Dec. 31, 2018 | May 31, 2012 | Mar. 31, 2012 |
Loan Modification Agreement [Member] | ||||
Due from Related Parties, Total | $ 2,000,000 | |||
Notes Receivable, Interest Rate, Stated Percentage | 6.00% | |||
Notes Receivable, Net Amount | $ 1,282,072 | $ 1,405,112 | ||
Real Estate Investment [Member] | ||||
Due from Related Parties, Total | $ 2,000,000 |
Note 13 - Income Taxes (Details
Note 13 - Income Taxes (Details Textual) - USD ($) | 1 Months Ended | 3 Months Ended | 12 Months Ended | 36 Months Ended | ||
Nov. 30, 2019 | Sep. 30, 2019 | Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2011 | Dec. 31, 2006 | |
Effective Income Tax Rate Reconciliation, Change in Deferred Tax Assets Valuation Allowance, Amount | $ 91,000 | $ 186,000 | ||||
Effective Income Tax Rate Reconciliation, Percent, Total | (5.40%) | |||||
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent | 21.00% | 21.00% | ||||
Deferred Tax Assets, Operating Loss Carryforwards, Domestic | $ 649,000 | $ 451,000 | ||||
Deferred Tax Assets, Operating Loss Carryforwards, Foreign | 3,311,000 | 3,118,000 | ||||
Unrecognized Tax Benefits, Cumulative Amount | 30,000 | 32,000 | ||||
Unrecognized Tax Benefits that Would Impact Effective Tax Rate | 19,000 | |||||
Unrecognized Tax Benefits, Income Tax Penalties and Interest Expense, Total | 10,000 | 10,000 | ||||
Effective Income Tax Rate Reconciliation, Tax Settlement, Foreign, Amount | 154,000 | |||||
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 | |||||
Domestic Tax Authority [Member] | ||||||
Effective Income Tax Rate Reconciliation, Change in Deferred Tax Assets Valuation Allowance, Amount | 91,000 | 186,000 | ||||
Deferred Tax Assets, Operating Loss Carryforwards, Subject to Expiration | $ 464,000 | |||||
Open Tax Year | 2016 2017 2018 2019 | |||||
Domestic Tax Authority [Member] | Internal Revenue Service (IRS) [Member] | ||||||
Income Tax Examination, Year under Examination | 2017 | |||||
State and Local Jurisdiction [Member] | ||||||
Open Tax Year | 2016 2017 2018 2019 | |||||
Foreign Tax Authority [Member] | ||||||
Foreign Tax Settlement | $ 25,000 | |||||
Foreign Tax Authority [Member] | Tax Year 2017 [Member] | ||||||
Income Tax Examination, Amount of Alleged Deficiencies | 217,000 | |||||
Income Taxes Paid | $ 96,000 | |||||
Foreign Tax Authority [Member] | Tax Periods of Years 2005 Through 2006 [Member] | ||||||
Income Taxes Paid | $ 164,000 | |||||
Loss Contingency Accrual, Ending Balance | $ 172,500 | |||||
Foreign Tax Authority [Member] | Tax Year 2004 [Member] | ||||||
Income Tax Examination, Liability (Refund) Adjustment from Settlement with Taxing Authority | $ 84,000 |
Note 13 - Income Taxes - Compon
Note 13 - Income Taxes - Components of Loss Before Income Taxes (Details) - USD ($) | 12 Months Ended | |
Dec. 31, 2019 | Dec. 31, 2018 | |
United States | $ (332,929) | $ (1,694,301) |
Foreign | 356,572 | (111,040) |
$ 23,643 | $ (1,805,341) |
Note 13 - Income Taxes - Comp_2
Note 13 - Income Taxes - Components of Provision (Benefit) for Income Taxes (Details) - USD ($) | 12 Months Ended | |
Dec. 31, 2019 | Dec. 31, 2018 | |
Current: | ||
Federal | $ (2,000) | $ (3,000) |
State | 5,000 | 4,000 |
Foreign | 465,000 | 97,000 |
Total current | 468,000 | 98,000 |
Deferred: | ||
Federal | ||
State | ||
Foreign | ||
Total deferred | ||
$ 468,000 | $ 98,000 |
Note 13 - Income Taxes - Income
Note 13 - Income Taxes - Income Tax Rate Reconciliation (Details) - USD ($) | 12 Months Ended | |
Dec. 31, 2019 | Dec. 31, 2018 | |
Income taxes at U.S. statutory rate | $ 5,000 | $ (379,000) |
State income taxes, net of federal benefit | 8,000 | 7,000 |
Higher effective taxes on earnings in foreign countries | 77,000 | 38,000 |
Foreign corporate income taxes | 51,000 | 97,000 |
Foreign income tax audit settlements | 154,000 | |
Life insurance settlement | 118,000 | |
GILTI | 71,000 | 34,000 |
Nondeductible meals and entertainment expense | 7,000 | 9,000 |
Valuation allowance, net | 91,000 | 186,000 |
Other | 4,000 | (12,000) |
$ 468,000 | $ 98,000 |
Note 13 - Income Taxes - Comp_3
Note 13 - Income Taxes - Components of Deferred Tax Assets and Liabilities (Details) - USD ($) | Dec. 31, 2019 | Dec. 31, 2018 |
Deferred tax assets: | ||
Inventory obsolescence reserve | $ 41,000 | $ 53,000 |
Deferred revenue | 54,000 | 91,000 |
Organization costs | 117,000 | 117,000 |
Deferred compensation | 97,000 | |
Depreciation and amortization, deferred tax assets | 33,000 | 2,000 |
Operating lease liabilities | 76,000 | |
Miscellaneous accrued expenses | 20,000 | 23,000 |
Domestic net operating loss carryforwards | 649,000 | 451,000 |
Foreign net operating loss carryforwards | 3,311,000 | 3,118,000 |
Valuation allowance | (4,117,000) | (3,845,000) |
184,000 | 107,000 | |
Deferred tax liabilities: | ||
Operating lease right-to-use assets | 77,000 | |
Foreign currency exchange | 107,000 | 107,000 |
184,000 | 107,000 | |
Net deferred tax assets (liabilities) |
Note 13 - Income Taxes - Summar
Note 13 - Income Taxes - Summary of Gross Unrecognized Tax Benefits (Details) - USD ($) | 12 Months Ended | |
Dec. 31, 2019 | Dec. 31, 2018 | |
Beginning of year | $ 22,000 | $ 26,000 |
Settlements and effective settlements with tax authorities | ||
Lapse of statute of limitations | (5,000) | (7,000) |
Decrease to tax positions taken during prior periods | (3,000) | (3,000) |
Increase to tax positions taken during current period | 5,000 | 6,000 |
End of year | $ 19,000 | $ 22,000 |
Note 14 - Incentive Compensat_2
Note 14 - Incentive Compensation Plans (Details Textual) - USD ($) | 12 Months Ended | |
Dec. 31, 2019 | Dec. 31, 2018 | |
Supplemental Employee Retirement Plan [Member] | ||
Asset Retirement Obligation, Legally Restricted Assets, Fair Value | $ 0 | $ 339,000 |
Deferred Compensation Liability, Classified, Noncurrent, Total | $ 0 | $ 341,000 |
Incentive Compensation Plan [Member] | ||
Maximum Percentage of Bonus Under Incentive Compensation PLan | 18.00% | |
Minimum Quarterly Income From Operations | $ 500,000 | |
Percentage of Bonus Under Incentive Compensation Plan | 18.00% | 18.00% |
Incentive Compensation Expense Annual | $ 0 | $ 0 |
Note 15 - Employee Benefit Pl_2
Note 15 - Employee Benefit Plans (Details Textual) - USD ($) | 12 Months Ended | |
Dec. 31, 2019 | Dec. 31, 2018 | |
Defined Contribution Plan, Contributions By Plan Participants Percentage | 15.00% | |
Defined Contribution Plan, Employer Matching Contribution, Percent of Match | 10.00% | 10.00% |
Defined Contribution Plan, Employer Discretionary Contribution Amount | $ 24,000 | $ 36,800 |
Employee Stock Ownership Plan (ESOP), Cash Contributions to ESOP | $ 0 | $ 0 |
Note 16 - Segment Information_2
Note 16 - Segment Information (Details Textual) | 12 Months Ended |
Dec. 31, 2019 | |
Number of Reportable Segments | 1 |
Number of Operating Segments | 6 |
Note 16 - Segment Information -
Note 16 - Segment Information - Summary of Geographic Area Data (Details) - USD ($) | 12 Months Ended | ||
Dec. 31, 2019 | Dec. 31, 2018 | ||
Net sales to external customers | $ 35,055,315 | $ 36,115,741 | |
Assets by area | 15,306,996 | 16,353,865 | |
UNITED STATES | |||
Net sales to external customers | 25,747,158 | 27,673,352 | |
Assets by area | 12,340,835 | 13,584,424 | |
Australia, New Zealand [Member] | |||
Net sales to external customers | 595,349 | 732,227 | |
Assets by area | 502,812 | 540,591 | |
CANADA | |||
Net sales to external customers | 616,556 | 718,560 | |
Assets by area | 154,825 | 166,533 | |
MEXICO | |||
Net sales to external customers | 577,488 | 474,372 | |
Assets by area | 223,238 | 179,713 | |
Europe [Member] | |||
Net sales to external customers | [1] | 3,224,971 | 3,972,381 |
Assets by area | [1] | 971,159 | 867,008 |
Asia [Member] | |||
Net sales to external customers | [2] | 4,293,793 | 2,544,849 |
Assets by area | [2] | $ 1,114,127 | $ 1,015,596 |
[1] | Europe consists of United Kingdom, Ireland, France, Germany, Austria, and the Netherlands. | ||
[2] | Asia consists of Philippines and Malaysia. |
Note 16 - Segment Information_3
Note 16 - Segment Information - Net Sales by Product Category (Details) - USD ($) | 12 Months Ended | |
Dec. 31, 2019 | Dec. 31, 2018 | |
Net sales | $ 35,055,315 | $ 36,115,741 |
Nutritional and Dietary Supplements [Member] | ||
Net sales | 29,822,879 | 32,670,362 |
Other Supplements [Member] | ||
Net sales | 1,223,977 | |
Sales Aids, Membership Fees, and Other [Member] | ||
Net sales | 1,251,677 | 1,247,807 |
Freight Income [Member] | ||
Net sales | 1,973,320 | 2,197,572 |
Product and Service, Other [Member] | ||
Net sales | $ 783,462 |