RELIV INTERNATIONAL INC

2017 Q2 Form 10-Q Financial Statement

#000114420417042741 Filed on August 14, 2017

View on sec.gov

Income Statement

Concept 2017 Q2 2016 Q2 2010 Q4

Balance Sheet

Concept 2017 Q2 2016 Q2 2010 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $3.450M $3.470M $6.330M
YoY Change -0.58% -22.89% 9.9%
Cash & Equivalents $3.449M $3.466M $6.330M
Short-Term Investments
Other Short-Term Assets $820.0K $890.0K $850.0K
YoY Change -7.87% -11.88% -10.53%
Inventory $4.430M $4.520M $5.650M
Prepaid Expenses
Receivables $90.00K $14.43K $290.0K
Other Receivables $170.0K $610.0K $120.0K
Total Short-Term Assets $8.959M $9.500M $13.25M
YoY Change -5.69% -17.48% 8.34%
LONG-TERM ASSETS
Property, Plant & Equipment $5.937M $6.070M $7.940M
YoY Change -2.19% -9.7% -5.02%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $329.9K $3.710M $1.870M
YoY Change -91.11% 1050.78% 19.11%
Total Long-Term Assets $13.55M $13.88M $11.59M
YoY Change -2.4% -7.56% -2.77%
TOTAL ASSETS
Total Short-Term Assets $8.959M $9.500M $13.25M
Total Long-Term Assets $13.55M $13.88M $11.59M
Total Assets $22.51M $23.38M $24.84M
YoY Change -3.73% -11.86% 2.86%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $2.400M $2.760M $2.440M
YoY Change -13.04% -2.13% -7.22%
Accrued Expenses $520.0K $540.0K $970.0K
YoY Change -3.7% -37.21% 3.19%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change -100.0%
Long-Term Debt Due $320.0K $714.1K $570.0K
YoY Change -55.19% -78.32% 9.62%
Total Short-Term Liabilities $4.680M $5.395M $6.390M
YoY Change -13.26% -40.63% -5.47%
LONG-TERM LIABILITIES
Long-Term Debt $2.360M $2.925M $4.150M
YoY Change -19.32% 351.8% -12.08%
Other Long-Term Liabilities $440.0K $390.0K $380.0K
YoY Change 12.82% -12.56% -7.32%
Total Long-Term Liabilities $2.800M $3.319M $4.530M
YoY Change -15.65% 203.56% -11.7%
TOTAL LIABILITIES
Total Short-Term Liabilities $4.680M $5.395M $6.390M
Total Long-Term Liabilities $2.800M $3.319M $4.530M
Total Liabilities $7.480M $8.715M $10.91M
YoY Change -14.17% -14.41% -8.24%
SHAREHOLDERS EQUITY
Retained Earnings -$9.691M
YoY Change 18.7%
Common Stock $30.55M
YoY Change 0.61%
Preferred Stock
YoY Change
Treasury Stock (at cost) $5.339M
YoY Change 0.0%
Treasury Stock Shares
Shareholders Equity $15.03M $14.66M $13.93M
YoY Change
Total Liabilities & Shareholders Equity $22.51M $23.38M $24.84M
YoY Change -3.72% -11.86% 2.86%

Cashflow Statement

Concept 2017 Q2 2016 Q2 2010 Q4

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2017Q2 us-gaap Income Taxes Receivable
IncomeTaxesReceivable
28844 USD
CY2017Q2 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
822129 USD
CY2017Q2 us-gaap Assets Current
AssetsCurrent
8959387 USD
CY2016Q4 us-gaap Assets Current
AssetsCurrent
8932068 USD
CY2017Q2 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
329901 USD
CY2016Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
305137 USD
CY2017Q2 us-gaap Cash Surrender Value Of Life Insurance
CashSurrenderValueOfLifeInsurance
3026252 USD
CY2016Q4 us-gaap Cash Surrender Value Of Life Insurance
CashSurrenderValueOfLifeInsurance
2965981 USD
CY2017Q2 us-gaap Due From Related Parties Noncurrent
DueFromRelatedPartiesNoncurrent
1463925 USD
CY2016Q4 us-gaap Due From Related Parties Noncurrent
DueFromRelatedPartiesNoncurrent
1521005 USD
CY2017Q2 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
2287240 USD
CY2016Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
2400234 USD
CY2017Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
5937119 USD
CY2016Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
5854302 USD
CY2017Q2 us-gaap Assets
Assets
22506824 USD
CY2016Q4 us-gaap Assets
Assets
22465727 USD
CY2017Q2 us-gaap Accounts Receivable Net
AccountsReceivableNet
91292 USD
CY2016Q4 us-gaap Accounts Receivable Net
AccountsReceivableNet
126113 USD
CY2017Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
3448928 USD
CY2016Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
3606817 USD
CY2017Q2 us-gaap Deferred Tax Assets Liabilities Net Noncurrent
DeferredTaxAssetsLiabilitiesNetNoncurrent
503000 USD
CY2016Q4 us-gaap Deferred Tax Assets Liabilities Net Noncurrent
DeferredTaxAssetsLiabilitiesNetNoncurrent
487000 USD
CY2016Q4 relv Accounts Payable And Accrued Liabilities Current Excluding Income Taxes Payable
AccountsPayableAndAccruedLiabilitiesCurrentExcludingIncomeTaxesPayable
4234305 USD
CY2017Q2 us-gaap Accounts Payable And Other Accrued Liabilities Current
AccountsPayableAndOtherAccruedLiabilitiesCurrent
2396088 USD
CY2016Q4 us-gaap Accounts Payable And Other Accrued Liabilities Current
AccountsPayableAndOtherAccruedLiabilitiesCurrent
2352692 USD
CY2017Q2 us-gaap Accrued Sales Commission Current
AccruedSalesCommissionCurrent
1445838 USD
CY2016Q4 us-gaap Accrued Sales Commission Current
AccruedSalesCommissionCurrent
1402370 USD
CY2017Q2 us-gaap Sales And Excise Tax Payable Current
SalesAndExciseTaxPayableCurrent
233678 USD
CY2016Q4 us-gaap Sales And Excise Tax Payable Current
SalesAndExciseTaxPayableCurrent
234153 USD
CY2017Q2 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
283594 USD
CY2016Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
245090 USD
CY2016Q2 us-gaap Sales Revenue Goods Net
SalesRevenueGoodsNet
10166478 USD
CY2017Q2 us-gaap Sales Revenue Goods Net
SalesRevenueGoodsNet
9258809 USD
CY2016Q2 us-gaap Shipping And Handling Revenue
ShippingAndHandlingRevenue
886844 USD
CY2017Q2 us-gaap Shipping And Handling Revenue
ShippingAndHandlingRevenue
747819 USD
CY2016Q2 us-gaap Sales Revenue Net
SalesRevenueNet
11053322 USD
CY2017Q2 us-gaap Sales Revenue Net
SalesRevenueNet
10006628 USD
CY2016Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
-939782 USD
CY2016Q2 us-gaap Investment Income Interest
InvestmentIncomeInterest
27133 USD
CY2016Q2 us-gaap Interest Expense
InterestExpense
26778 USD
CY2016Q2 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
71263 USD
CY2016Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-868164 USD
CY2016Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
120000 USD
CY2016Q2 us-gaap Net Income Loss
NetIncomeLoss
-988164 USD
CY2016Q2 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
-147062 USD
CY2016Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-1135226 USD
CY2016Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
1846000 shares
CY2016Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
1846000 shares
CY2016Q2 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
2530771 USD
CY2017Q2 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
2328452 USD
CY2017Q2 us-gaap Sales Commissions And Fees
SalesCommissionsAndFees
3554773 USD
CY2017Q2 us-gaap Costs And Expenses
CostsAndExpenses
10515085 USD
us-gaap Net Income Loss
NetIncomeLoss
-1031824 USD
us-gaap Net Income Loss
NetIncomeLoss
4128 USD
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
498415 USD
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
435261 USD
us-gaap Share Based Compensation
ShareBasedCompensation
35112 USD
us-gaap Share Based Compensation
ShareBasedCompensation
16888 USD
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
14000 USD
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
10000 USD
us-gaap Foreign Currency Transaction Gain Loss Unrealized
ForeignCurrencyTransactionGainLossUnrealized
162293 USD
us-gaap Foreign Currency Transaction Gain Loss Unrealized
ForeignCurrencyTransactionGainLossUnrealized
35184 USD
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-590841 USD
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-112036 USD
us-gaap Increase Decrease In Income Taxes Receivable
IncreaseDecreaseInIncomeTaxesReceivable
-53474 USD
us-gaap Increase Decrease In Income Taxes Receivable
IncreaseDecreaseInIncomeTaxesReceivable
-68516 USD
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
-11840 USD
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
24907 USD
us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
451013 USD
us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
339193 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
14849 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
403910 USD
us-gaap Proceeds From Collection Of Notes Receivable
ProceedsFromCollectionOfNotesReceivable
50639 USD
us-gaap Proceeds From Collection Of Notes Receivable
ProceedsFromCollectionOfNotesReceivable
53763 USD
us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
35790 USD
us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
-338247 USD
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
288851 USD
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
228336 USD
us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
-288851 USD
us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
-228336 USD
us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents Continuing Operations
EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations
5511 USD
us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents Continuing Operations
EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations
69501 USD
us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
203463 USD
us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
-157889 USD
CY2015Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
3262263 USD
CY2016Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
3465726 USD
us-gaap Accretion Amortization Of Discounts And Premiums Investments
AccretionAmortizationOfDiscountsAndPremiumsInvestments
58488 USD
us-gaap Accretion Amortization Of Discounts And Premiums Investments
AccretionAmortizationOfDiscountsAndPremiumsInvestments
60270 USD
CY2017Q2 us-gaap Incremental Common Shares Attributable To Call Options And Warrants
IncrementalCommonSharesAttributableToCallOptionsAndWarrants
0 shares
CY2016Q2 us-gaap Incremental Common Shares Attributable To Call Options And Warrants
IncrementalCommonSharesAttributableToCallOptionsAndWarrants
0 shares
CY2017Q2 relv Long Term Debt Including Line Of Credit Facilities
LongTermDebtIncludingLineOfCreditFacilities
2680821 USD
CY2016Q4 relv Long Term Debt Including Line Of Credit Facilities
LongTermDebtIncludingLineOfCreditFacilities
2907437 USD
CY2017Q2 us-gaap Long Term Debt Fair Value
LongTermDebtFairValue
2680821 USD
CY2016Q4 us-gaap Long Term Debt Fair Value
LongTermDebtFairValue
2907437 USD
CY2017Q2 us-gaap Notes Receivable Net
NotesReceivableNet
1576401 USD
CY2016Q4 us-gaap Notes Receivable Net
NotesReceivableNet
1630164 USD
CY2017Q2 us-gaap Notes Receivable Fair Value Disclosure
NotesReceivableFairValueDisclosure
1779000 USD
CY2016Q4 us-gaap Notes Receivable Fair Value Disclosure
NotesReceivableFairValueDisclosure
1812000 USD
CY2017Q2 us-gaap Trading Securities
TradingSecurities
322000 USD
CY2016Q4 us-gaap Trading Securities
TradingSecurities
296000 USD
CY2017Q2 relv Trading Securities Fair Value
TradingSecuritiesFairValue
322000 USD
CY2016Q4 relv Trading Securities Fair Value
TradingSecuritiesFairValue
296000 USD
us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.34 pure
us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
18000 USD
us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
-318000 USD
us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
56000 USD
us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
383000 USD
us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
16000 USD
relv Income Tax Reconciliation Foreign Income Tax Rate Differential1
IncomeTaxReconciliationForeignIncomeTaxRateDifferential1
-74000 USD
us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
IncomeTaxReconciliationForeignIncomeTaxRateDifferential
27000 USD
us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
6000 USD
CY2016 relv Valuation Allowance Deferred Tax Assets For Net Operating Losses Domestic
ValuationAllowanceDeferredTaxAssetsForNetOperatingLossesDomestic
292000 USD
relv Vat And Withholding Taxes
VatAndWithholdingTaxes
800000 USD
relv Interest Penalty Percentage
InterestPenaltyPercentage
0.2 pure
CY2017Q2 relv Management Estimated Reserve For Tax
ManagementEstimatedReserveForTax
167000 USD
CY2016Q4 relv Management Estimated Reserve For Tax
ManagementEstimatedReserveForTax
158000 USD
CY2010Q4 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
185000 USD
CY2017Q2 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
18981574 USD
CY2016Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
18600665 USD
CY2017Q2 us-gaap Preferred Stock Value
PreferredStockValue
0 USD
CY2016Q4 us-gaap Preferred Stock Value
PreferredStockValue
0 USD
CY2017Q2 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
26300 USD
CY2017Q2 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.001
CY2017Q2 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
500000 shares
CY2017Q2 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2017Q2 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2017Q2 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.001
CY2017Q2 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
5000000 shares
CY2017Q2 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
1845160 shares
us-gaap Sales Revenue Goods Net
SalesRevenueGoodsNet
21093925 USD
us-gaap Sales Revenue Goods Net
SalesRevenueGoodsNet
22209039 USD
us-gaap Shipping And Handling Revenue
ShippingAndHandlingRevenue
1690485 USD
us-gaap Shipping And Handling Revenue
ShippingAndHandlingRevenue
1880733 USD
us-gaap Sales Revenue Net
SalesRevenueNet
22784410 USD
us-gaap Sales Revenue Net
SalesRevenueNet
24089772 USD
us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
5163977 USD
us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
5514875 USD
us-gaap Sales Commissions And Fees
SalesCommissionsAndFees
8053326 USD
us-gaap Sales Commissions And Fees
SalesCommissionsAndFees
8545380 USD
us-gaap Other Selling General And Administrative Expense
OtherSellingGeneralAndAdministrativeExpense
9558139 USD
us-gaap Other Selling General And Administrative Expense
OtherSellingGeneralAndAdministrativeExpense
11150596 USD
us-gaap Costs And Expenses
CostsAndExpenses
22775442 USD
us-gaap Costs And Expenses
CostsAndExpenses
25210851 USD
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.00
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.56
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
1845000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
1846000 shares
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.00
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.56
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
1846000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
1846000 shares
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-40767 USD
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-72102 USD
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
342897 USD
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
341478 USD
us-gaap Increase Decrease In Operating Liabilities
IncreaseDecreaseInOperatingLiabilities
126216 USD
us-gaap Increase Decrease In Operating Liabilities
IncreaseDecreaseInOperatingLiabilities
769312 USD
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
11900 USD
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
0 USD
CY2016Q4 us-gaap Stockholders Equity Reverse Stock Split
StockholdersEquityReverseStockSplit
1-for-7
us-gaap Incremental Common Shares Attributable To Call Options And Warrants
IncrementalCommonSharesAttributableToCallOptionsAndWarrants
1000 shares
us-gaap Incremental Common Shares Attributable To Call Options And Warrants
IncrementalCommonSharesAttributableToCallOptionsAndWarrants
0 shares
CY2017Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
146715 shares
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="WIDTH: 100%; BORDER-COLLAPSE: collapse; FONT: 10pt Times New Roman, Times, Serif" cellspacing="0" cellpadding="0"> <tr style="VERTICAL-ALIGN: bottom"> <td style="white-space:nowrap; WIDTH: 0.75in; FONT-SIZE: 10pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b>Note 6--</b></font></div> </td> <td style="white-space:nowrap; FONT-SIZE: 10pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><b> Recent Accounting Standards</b></font></div> </td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="white-space:nowrap;"> <div>&#160;</div> </td> <td style="white-space:nowrap;"> <div>&#160;</div> </td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="white-space:nowrap;"> <div>&#160;</div> </td> <td style="white-space:nowrap; FONT-SIZE: 10pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i><u> Adopted in 2017</u></i></font></div> </td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="white-space:nowrap;"> <div>&#160;</div> </td> <td style="white-space:nowrap;"> <div>&#160;</div> </td> </tr> <tr> <td style="white-space:nowrap; VERTICAL-ALIGN: bottom"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: justify; FONT-SIZE: 10pt; VERTICAL-ALIGN: top"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif">In July 2015, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) No. 2015-11, <i>Inventory (Topic 330):&#160;&#160;Simplifying the Measurement of Inventory,</i> which requires inventory within the scope of this update to be measured at the lower of its cost or net realizable value, with net realizable value being the estimated selling price in the ordinary course of business, less reasonably predictable costs of completion, disposal, and transportation.&#160;&#160;As required, the Company adopted this new standard effective January 1, 2017.&#160;&#160;The Company's adoption of this standard did not have any impact on its consolidated financial statements and related disclosures.&#160;&#160;</font></div> </td> </tr> <tr> <td style="white-space:nowrap; VERTICAL-ALIGN: bottom"> <div>&#160;</div> </td> <td style="VERTICAL-ALIGN: top"> <div>&#160;</div> </td> </tr> <tr> <td style="white-space:nowrap; VERTICAL-ALIGN: bottom"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: justify; FONT-SIZE: 10pt; VERTICAL-ALIGN: top"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif">In March 2016, the FASB issued ASU No. 2016-09, <i>Compensation - Stock Compensation (Topic 781):&#160;&#160;Improvements to Employee Share-Based Payment Accounting.</i>&#160;&#160;This amendment is intended to simplify several aspects of the accounting for share-based payment transactions, including the income tax consequences, classification of awards as either equity or liability, forfeitures, and classification on the statement of cash flows.&#160;&#160;As required, the Company adopted this new standard effective January 1, 2017.&#160;&#160;Concurrently with the adoption of&#160;&#160;this new standard, the Company revised its accounting policy to recognize share-based compensation costs based on actual stock option forfeitures versus previous accounting guidance which required the Company to recognize share-based compensation costs based on management's estimate of future stock option forfeitures.&#160;&#160;The Company's adoption of this standard did not have any impact on its consolidated financial statements and related disclosures.&#160;&#160;</font></div> </td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="white-space:nowrap;"> <div>&#160;</div> </td> <td style="white-space:nowrap;"> <div>&#160;</div> </td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="white-space:nowrap;"> <div>&#160;</div> </td> <td style="white-space:nowrap; FONT-SIZE: 10pt"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif"><i><u> Not Yet Adopted</u></i></font></div> </td> </tr> <tr style="VERTICAL-ALIGN: bottom"> <td style="white-space:nowrap;"> <div>&#160;</div> </td> <td style="white-space:nowrap;"> <div>&#160;</div> </td> </tr> <tr> <td style="white-space:nowrap; VERTICAL-ALIGN: bottom"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: justify; FONT-SIZE: 10pt; VERTICAL-ALIGN: top"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif">In May 2014, the FASB issued 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 U.S. GAAP revenue recognition guidance and will be adopted by the Company, when required, on January 1, 2018.&#160;&#160;The new standard permits the use of either the retrospective or modified retrospective transition method.&#160;&#160;The Company's primary source of revenue is from the sale of nutritional products to the Company's independent distributors whereby revenue is currently recognized when product is shipped and risk of loss has passed to the customer.&#160;&#160;Upon adoption of this new standard, the Company believes that the timing of revenue recognition related to nutritional products sales will remain materially consistent with its current practice.&#160;&#160;Based on the evaluation completed to date, the Company has identified membership fee-type revenue and sales incentive programs as areas that may be affected by the new standard; and these areas require further evaluation.&#160;&#160;Overall, the Company continues to evaluate the adoption of this standard, including the transition method, will have on its consolidated financial statements and related disclosures.</font></div> </td> </tr> <tr> <td style="white-space:nowrap; VERTICAL-ALIGN: bottom"> <div>&#160;</div> </td> <td style="VERTICAL-ALIGN: top"> <div>&#160;</div> </td> </tr> <tr> <td style="white-space:nowrap; VERTICAL-ALIGN: bottom"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: justify; FONT-SIZE: 10pt; VERTICAL-ALIGN: top"> <div><font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif">In February 2016, the FASB issued ASU No. 2016-2, <i>Leases (Topic 842)</i> which supercedes the existing lease guidance.&#160;&#160;This update requires lessees to recognize a lease liability and a lease asset for all leases, including operating leases, with a term greater than twelve months on its balance sheet.&#160;&#160;The update also expands the required quantitative and qualitative disclosures surrounding leases.&#160;&#160;This update is effective for fiscal years beginning after December 15, 2018 and interim periods within those fiscal years, with earlier application permitted.&#160;&#160;The Company expects the adoption of this standard to result in the recognition of right-of-use assets and lease liabilities not currently recorded in the Company's consolidated financial statements.&#160;&#160;The Company is evaluating its transition method and other effects that the new standard will have on its consolidated financial statements and related disclosures.</font></div> </td> </tr> </table> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table>
us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
11361 USD
us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
0 USD
CY2016Q2 us-gaap Restructuring And Related Cost Number Of Positions Eliminated Period Percent
RestructuringAndRelatedCostNumberOfPositionsEliminatedPeriodPercent
0.09 pure
CY2016Q2 us-gaap Severance Costs1
SeveranceCosts1
275000 USD
CY2016Q2 us-gaap Labor And Related Expense
LaborAndRelatedExpense
1100000 USD
CY2016Q2 us-gaap Severance Costs1
SeveranceCosts1
47000 USD
CY2016Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
267226 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
267226 shares

Files In Submission

Name View Source Status
0001144204-17-042741-index-headers.html Edgar Link pending
0001144204-17-042741-index.html Edgar Link pending
0001144204-17-042741.txt Edgar Link pending
0001144204-17-042741-xbrl.zip Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xlsx Edgar Link pending
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R15.htm Edgar Link pending
R16.htm Edgar Link pending
R17.htm Edgar Link pending
R18.htm Edgar Link pending
R19.htm Edgar Link pending
R2.htm Edgar Link pending
R20.htm Edgar Link pending
R21.htm Edgar Link pending
R22.htm Edgar Link pending
R3.htm Edgar Link pending
R4.htm Edgar Link pending
R5.htm Edgar Link pending
R6.htm Edgar Link pending
R7.htm Edgar Link pending
R8.htm Edgar Link pending
R9.htm Edgar Link pending
relv-20170630.xml Edgar Link completed
relv-20170630.xsd Edgar Link pending
relv-20170630_cal.xml Edgar Link unprocessable
relv-20170630_def.xml Edgar Link unprocessable
relv-20170630_lab.xml Edgar Link unprocessable
relv-20170630_pre.xml Edgar Link unprocessable
report.css Edgar Link pending
Show.js Edgar Link pending
v472085_10q.htm Edgar Link pending
v472085_ex31-1.htm Edgar Link pending
v472085_ex31-2.htm Edgar Link pending
v472085_ex32.htm Edgar Link pending