2015 Q2 Form 10-Q Financial Statement

#000114420415049512 Filed on August 14, 2015

View on sec.gov

Income Statement

Concept 2015 Q2 2014 Q2

Balance Sheet

Concept 2015 Q2 2014 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $4.500M $4.930M
YoY Change -8.72% 15.73%
Cash & Equivalents $4.497M $4.929M
Short-Term Investments
Other Short-Term Assets $1.010M $1.250M
YoY Change -19.2% -28.57%
Inventory $5.470M $5.352M
Prepaid Expenses
Receivables $60.00K $170.0K
Other Receivables $480.0K $420.0K
Total Short-Term Assets $11.51M $12.12M
YoY Change -5.03% 1.66%
LONG-TERM ASSETS
Property, Plant & Equipment $6.722M $6.517M
YoY Change 3.14% -5.21%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $322.4K $508.4K
YoY Change -36.59% 119.76%
Total Long-Term Assets $15.02M $14.57M
YoY Change 3.07% 14.78%
TOTAL ASSETS
Total Short-Term Assets $11.51M $12.12M
Total Long-Term Assets $15.02M $14.57M
Total Assets $26.53M $26.69M
YoY Change -0.61% 8.43%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $2.820M $3.160M
YoY Change -10.76% -8.14%
Accrued Expenses $860.0K $1.230M
YoY Change -30.08% 132.08%
Deferred Revenue
YoY Change
Short-Term Debt $500.0K $0.00
YoY Change
Long-Term Debt Due $3.294M $650.0K
YoY Change 406.77% 46.13%
Total Short-Term Liabilities $9.088M $7.020M
YoY Change 29.46% 10.32%
LONG-TERM LIABILITIES
Long-Term Debt $647.4K $3.489M
YoY Change -81.44% 59.01%
Other Long-Term Liabilities $446.0K $427.1K
YoY Change 4.42% -32.22%
Total Long-Term Liabilities $1.093M $3.916M
YoY Change -72.08% 30.96%
TOTAL LIABILITIES
Total Short-Term Liabilities $9.088M $7.020M
Total Long-Term Liabilities $1.093M $3.916M
Total Liabilities $10.18M $10.94M
YoY Change -6.93% 16.96%
SHAREHOLDERS EQUITY
Retained Earnings -$8.164M -$8.599M
YoY Change -5.06% -2.6%
Common Stock $30.37M $30.14M
YoY Change 0.75% 0.09%
Preferred Stock
YoY Change
Treasury Stock (at cost) $5.339M $5.339M
YoY Change 0.0% -2.24%
Treasury Stock Shares
Shareholders Equity $16.35M $15.75M
YoY Change
Total Liabilities & Shareholders Equity $26.53M $26.69M
YoY Change -0.61% 8.43%

Cashflow Statement

Concept 2015 Q2 2014 Q2

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
dei Entity Filer Category
EntityFilerCategory
Smaller Reporting Company
dei Entity Registrant Name
EntityRegistrantName
RELIV INTERNATIONAL INC
dei Trading Symbol
TradingSymbol
RELV
dei Entity Central Index Key
EntityCentralIndexKey
0000768710
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
dei Document Period End Date
DocumentPeriodEndDate
2015-06-30
dei Document Type
DocumentType
10-Q
dei Amendment Flag
AmendmentFlag
false
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EntityCommonStockSharesOutstanding
12819110 shares
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us-gaap Depreciation Depletion And Amortization
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us-gaap Share Based Compensation
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dei Document Fiscal Year Focus
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2015
dei Document Fiscal Period Focus
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Q2
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us-gaap Weighted Average Number Of Shares Outstanding Basic
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us-gaap Weighted Average Number Of Shares Outstanding Basic
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us-gaap Incremental Common Shares Attributable To Call Options And Warrants
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us-gaap Incremental Common Shares Attributable To Call Options And Warrants
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us-gaap Weighted Average Number Of Diluted Shares Outstanding
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us-gaap Earnings Per Share Basic
EarningsPerShareBasic
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us-gaap Earnings Per Share Basic
EarningsPerShareBasic
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us-gaap Earnings Per Share Diluted
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us-gaap Earnings Per Share Diluted
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CY2015Q2 us-gaap Sales Revenue Goods Net
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CY2014Q2 us-gaap Sales Revenue Goods Net
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CY2015Q2 us-gaap Shipping And Handling Revenue
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CY2014Q2 us-gaap Shipping And Handling Revenue
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1120209 USD
CY2015Q2 us-gaap Sales Revenue Net
SalesRevenueNet
12445351 USD
CY2014Q2 us-gaap Sales Revenue Net
SalesRevenueNet
14475579 USD
CY2015Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
-1116973 USD
CY2014Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
-474626 USD
CY2015Q2 us-gaap Investment Income Interest
InvestmentIncomeInterest
30073 USD
CY2014Q2 us-gaap Investment Income Interest
InvestmentIncomeInterest
32148 USD
CY2015Q2 us-gaap Interest Expense
InterestExpense
26749 USD
CY2014Q2 us-gaap Interest Expense
InterestExpense
25367 USD
CY2015Q2 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
15653 USD
CY2014Q2 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
31079 USD
CY2015Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-1097996 USD
CY2014Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-436766 USD
CY2015Q2 us-gaap Income Tax Expense Benefit
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-252000 USD
CY2014Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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CY2015Q2 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
72326 USD
CY2014Q2 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
7164 USD
CY2015Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-773670 USD
CY2014Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-281602 USD
CY2015Q2 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0
CY2014Q2 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0
CY2015Q2 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
2647755 USD
CY2014Q2 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
3000412 USD
CY2014Q2 us-gaap Sales Commissions And Fees
SalesCommissionsAndFees
5232967 USD
CY2015Q2 us-gaap Other Selling General And Administrative Expense
OtherSellingGeneralAndAdministrativeExpense
6454992 USD
us-gaap Sales Revenue Goods Net
SalesRevenueGoodsNet
25151113 USD
us-gaap Sales Revenue Goods Net
SalesRevenueGoodsNet
26661151 USD
us-gaap Shipping And Handling Revenue
ShippingAndHandlingRevenue
2128601 USD
us-gaap Shipping And Handling Revenue
ShippingAndHandlingRevenue
2279316 USD
us-gaap Sales Revenue Net
SalesRevenueNet
27279714 USD
us-gaap Sales Revenue Net
SalesRevenueNet
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us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0
us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0
us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
5642704 USD
us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
5887262 USD
us-gaap Sales Commissions And Fees
SalesCommissionsAndFees
9740324 USD
us-gaap Sales Commissions And Fees
SalesCommissionsAndFees
10440254 USD
us-gaap Other Selling General And Administrative Expense
OtherSellingGeneralAndAdministrativeExpense
12584941 USD
us-gaap Other Selling General And Administrative Expense
OtherSellingGeneralAndAdministrativeExpense
13257693 USD
us-gaap Costs And Expenses
CostsAndExpenses
27967969 USD
us-gaap Costs And Expenses
CostsAndExpenses
29585209 USD
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
1897025 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
1502987 shares
CY2015Q2 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
19010958 USD
CY2014Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
18945772 USD
CY2015Q2 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
25500 USD
CY2014Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
26300 USD
CY2015Q2 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.001
CY2014Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.001
CY2015Q2 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
3000000 shares
CY2014Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
3000000 shares
CY2015Q2 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2014Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2015Q2 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2014Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.001
CY2015Q2 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
30000000 shares
CY2014Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
30000000 shares
CY2015Q2 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
14673083 shares
CY2014Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
14673083 shares
CY2014Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
12819110 shares
CY2014Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2015Q2 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.001
CY2015Q2 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
12819110 shares
CY2015Q2 us-gaap Long Term Debt
LongTermDebt
4441463 USD
CY2014Q4 us-gaap Long Term Debt
LongTermDebt
4244690 USD
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.34 pure
relv Vat And Withholding Taxes
VatAndWithholdingTaxes
800000 USD
relv Interest Penalty Percentage
InterestPenaltyPercentage
0.2 pure
CY2010 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
185000 USD
CY2015Q2 relv Management Estimated Reserve For Tax
ManagementEstimatedReserveForTax
134000 USD
CY2014Q4 relv Management Estimated Reserve For Tax
ManagementEstimatedReserveForTax
122000 USD
us-gaap Description Of New Accounting Pronouncements Not Yet Adopted
DescriptionOfNewAccountingPronouncementsNotYetAdopted
<div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <table style="LINE-HEIGHT: 115%; WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT-FAMILY: Calibri,sans-serif; FONT-SIZE: 11pt" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr> <td style="BORDER-BOTTOM-COLOR: #000000; TEXT-ALIGN: left; PADDING-BOTTOM: 0in; BORDER-TOP-COLOR: #000000; PADDING-LEFT: 0in; WIDTH: 10%; PADDING-RIGHT: 0in; BORDER-RIGHT-COLOR: #000000; VERTICAL-ALIGN: bottom; BORDER-LEFT-COLOR: #000000; PADDING-TOP: 0in" valign="bottom"> <div style="CLEAR:both;MARGIN: 0in 0in 0pt; FONT-FAMILY: Times New Roman,serif; FONT-SIZE: 12pt"> <b><font style="FONT-SIZE: 10pt">Note 7&#151;</font></b></div> </td> <td style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; WIDTH: 94.2%; PADDING-RIGHT: 0in; PADDING-TOP: 0in" valign="bottom" width="94%"> <div style="CLEAR:both;MARGIN: 0in 0in 0pt; FONT-FAMILY: Times New Roman,serif; FONT-SIZE: 12pt" align="justify"><b><font style="FONT-SIZE: 10pt">Recent Accounting Standard Pending Adoption</font></b></div> </td> </tr> <tr> <td style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; WIDTH: 5.8%; PADDING-RIGHT: 0in; PADDING-TOP: 0in" valign="bottom" width="5%"> <div style="CLEAR:both;MARGIN: 0in 0in 0pt; FONT-FAMILY: Times New Roman,serif; FONT-SIZE: 12pt"> <font style="FONT-SIZE: 10pt">&#160;</font></div> </td> <td style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; WIDTH: 94.2%; PADDING-RIGHT: 0in; PADDING-TOP: 0in" valign="bottom" width="94%"></td> </tr> <tr> <td style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; WIDTH: 5.8%; PADDING-RIGHT: 0in; PADDING-TOP: 0in" valign="bottom" width="5%"> <div style="CLEAR:both;MARGIN: 0in 0in 0pt; FONT-FAMILY: Times New Roman,serif; FONT-SIZE: 12pt"> <font style="FONT-SIZE: 10pt">&#160;</font></div> </td> <td style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; WIDTH: 94.2%; PADDING-RIGHT: 0in; PADDING-TOP: 0in" valign="top" width="94%"> <div style="CLEAR:both;MARGIN: 0in 0in 0pt; FONT-FAMILY: Times New Roman,serif; FONT-SIZE: 12pt" align="justify"><font style="FONT-SIZE: 10pt">In May 2014, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) No. 2014-09, <i>Revenue from Contracts with Customers</i>, which requires an entity to recognize the amount of revenue to which it expects to be entitled for the transfer of promised goods or services to customers.&#160;&#160;The ASU will replace most existing revenue recognition guidance in U.S. GAAP when it becomes effective.&#160;&#160;The original standard was effective for fiscal years beginning after December 15, 2016; however, in July 2015, the FASB approved a one-year deferral of this standard, with a new effective date for fiscal years beginning after December 15, 2017.&#160;&#160;The new standard permits the use of either the retrospective or modified retrospective transition method.&#160;&#160;The Company is currently evaluating the effect, if any, that the updated standard will have on its consolidated financial statements and related disclosures, as well its planned transition method.</font></div> </td> </tr> <tr> <td style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; WIDTH: 5.8%; PADDING-RIGHT: 0in; PADDING-TOP: 0in" valign="bottom" width="5%"> <div style="CLEAR:both;MARGIN: 0in 0in 0pt; FONT-FAMILY: Times New Roman,serif; FONT-SIZE: 12pt"> <font style="FONT-SIZE: 10pt">&#160;</font></div> </td> <td style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; WIDTH: 94.2%; PADDING-RIGHT: 0in; PADDING-TOP: 0in" valign="bottom" width="94%"></td> </tr> <tr> <td style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; WIDTH: 5.8%; PADDING-RIGHT: 0in; PADDING-TOP: 0in" valign="bottom" width="5%"> <div style="CLEAR:both;MARGIN: 0in 0in 0pt; FONT-FAMILY: Times New Roman,serif; FONT-SIZE: 12pt"> <font style="FONT-SIZE: 10pt">&#160;</font></div> </td> <td style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; WIDTH: 94.2%; PADDING-RIGHT: 0in; PADDING-TOP: 0in" valign="top" width="94%"> <div style="CLEAR:both;MARGIN: 0in 0in 0pt; FONT-FAMILY: Times New Roman,serif; FONT-SIZE: 12pt" align="justify"><font style="FONT-SIZE: 10pt">In August 2014, the FASB issued ASU No. 2014-15, <i>Disclosure of Uncertainties about an Entity's Ability to Continue as a Going Concern</i>, which requires management to assess, at each annual and interim reporting period, the entity's ability to continue as a going concern within one year&#160;&#160;from the date the financial statements are issued and provide related disclosures.&#160;&#160;The new standard will be effective for the Company for the annual reporting period ending December 31, 2016, with early adoption permitted.&#160;&#160;This standard is not currently expected to have a material effect on the Company's financial statement disclosures upon adoption, though the ultimate impact will be dependent on the Company's financial condition and expected operating outlook at such time.</font></div> </td> </tr> </table> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table>
CY2015Q2 us-gaap Lines Of Credit Current
LinesOfCreditCurrent
500000 USD
CY2014Q4 us-gaap Lines Of Credit Current
LinesOfCreditCurrent
0 USD
CY2015Q2 us-gaap Long Term Line Of Credit
LongTermLineOfCredit
0 USD
CY2014Q4 us-gaap Long Term Line Of Credit
LongTermLineOfCredit
500000 USD
us-gaap Notes Issued1
NotesIssued1
424000 USD
us-gaap Notes Issued1
NotesIssued1
0 USD
CY2015Q2 us-gaap Notes Payable
NotesPayable
438618 USD
CY2014Q4 us-gaap Notes Payable
NotesPayable
0 USD
CY2015Q2 us-gaap Other Long Term Debt
OtherLongTermDebt
684114 USD
CY2014Q4 us-gaap Other Long Term Debt
OtherLongTermDebt
677248 USD
CY2015Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
1897025 shares
CY2014Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
1502987 shares

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