RELIV INTERNATIONAL INC

2019 Q2 Form 10-Q Financial Statement

#000143774919016687 Filed on August 14, 2019

View on sec.gov

Income Statement

Concept 2019 Q2 2018 Q2

Balance Sheet

Concept 2019 Q2 2018 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.919M $2.760M
YoY Change -30.48% -20.0%
Cash & Equivalents $1.919M $2.764M
Short-Term Investments
Other Short-Term Assets $740.0K $3.710M
YoY Change -80.05% 352.44%
Inventory $2.709M $4.105M
Prepaid Expenses
Receivables $235.0K $214.0K
Other Receivables $1.053M $160.0K
Total Short-Term Assets $6.656M $10.95M
YoY Change -39.21% 22.2%
LONG-TERM ASSETS
Property, Plant & Equipment $4.569M $5.441M
YoY Change -16.03% -8.35%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $505.0K
YoY Change
Other Assets $407.8K $338.1K
YoY Change 20.6% 2.5%
Total Long-Term Assets $10.15M $9.185M
YoY Change 10.46% -32.2%
TOTAL ASSETS
Total Short-Term Assets $6.656M $10.95M
Total Long-Term Assets $10.15M $9.185M
Total Assets $16.80M $20.13M
YoY Change -16.55% -10.54%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.918M $2.300M
YoY Change -16.6% -4.17%
Accrued Expenses $1.484M $380.0K
YoY Change 290.63% -26.92%
Deferred Revenue $356.9K $356.0K
YoY Change 0.23%
Short-Term Debt $500.0K $500.0K
YoY Change 0.0%
Long-Term Debt Due $2.856M
YoY Change 792.46%
Total Short-Term Liabilities $4.437M $6.933M
YoY Change -36.0% 48.13%
LONG-TERM LIABILITIES
Long-Term Debt $0.00
YoY Change
Other Long-Term Liabilities $507.6K $458.8K
YoY Change 10.65% 4.26%
Total Long-Term Liabilities $626.7K $458.8K
YoY Change 36.61% -83.62%
TOTAL LIABILITIES
Total Short-Term Liabilities $4.437M $6.933M
Total Long-Term Liabilities $626.7K $458.8K
Total Liabilities $5.064M $7.391M
YoY Change -31.49% -1.19%
SHAREHOLDERS EQUITY
Retained Earnings -$12.08M -$11.62M
YoY Change 3.88%
Common Stock $30.64M $30.62M
YoY Change 0.06%
Preferred Stock
YoY Change
Treasury Stock (at cost) $5.851M $5.339M
YoY Change 9.61%
Treasury Stock Shares
Shareholders Equity $11.74M $12.74M
YoY Change
Total Liabilities & Shareholders Equity $16.80M $20.13M
YoY Change -16.55% -10.56%

Cashflow Statement

Concept 2019 Q2 2018 Q2

Facts In Submission

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<div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;"><div style="display: inline; font-style: italic;"><div style="display: inline; font-weight: bold;">Concentrations of Risk</div></div></div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;">&nbsp;</div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;">Effective <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> January 1, 2019, </div>we have entered into outsourcing agreements with Nutracom to manufacture our nutritional and dietary supplements and for warehousing and fulfillment services for the U.S. distribution of our products. Nutracom has also issued promissory notes to us for the acquisition of our manufacturing and fulfillment operations. Any inability of Nutracom to deliver these contracted services or to repay the promissory notes could adversely impact our future operating results. See Note <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">2</div> and Note <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">3</div> for further discussion of our relationship with Nutracom.</div></div></div></div></div></div></div></div></div>
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CY2019Q2 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
211278
CY2018Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
CY2019Q2 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
119106
CY2018Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
us-gaap Operating Lease Payments
OperatingLeasePayments
134600
CY2019Q2 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
337858
CY2018Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
CY2019Q2 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.052
CY2019Q2 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P1Y292D
CY2019Q2 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
407781
CY2018Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
338974
CY2019Q1 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
22211
CY2019Q2 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
-10458
CY2018Q1 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
25228
CY2018Q2 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
-78591
us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
11753
us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
-53363
CY2019Q2 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
507595
CY2018Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
445611
us-gaap Other Noncash Expense
OtherNoncashExpense
24618
us-gaap Other Noncash Expense
OtherNoncashExpense
us-gaap Other Noncash Income
OtherNoncashIncome
172866
us-gaap Other Noncash Income
OtherNoncashIncome
CY2019Q2 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
4768
CY2018Q2 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
7214
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-660
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
13865
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
50180
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
56968
CY2019Q2 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.001
CY2018Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.001
CY2019Q2 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
500000
CY2018Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
500000
CY2019Q2 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0
CY2018Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0
CY2019Q2 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0
CY2018Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0
CY2019Q2 us-gaap Preferred Stock Value
PreferredStockValue
0
CY2018Q4 us-gaap Preferred Stock Value
PreferredStockValue
0
CY2019Q2 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
740027
CY2018Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
441453
us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;"><div style="display: inline; font-style: italic;"><div style="display: inline; font-weight: bold;">Reclassifications</div></div></div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;">&nbsp;</div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;">To conform to the current year presentation, certain previously reported <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">2018</div> amounts have been reclassified.&nbsp;</div></div></div></div></div></div></div></div></div>
us-gaap Proceeds From Collection Of Notes Receivable
ProceedsFromCollectionOfNotesReceivable
109984
us-gaap Proceeds From Collection Of Notes Receivable
ProceedsFromCollectionOfNotesReceivable
57079
us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
500000
us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
3888
CY2019Q2 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
14473200
CY2018Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
14420559
CY2019Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
4569237
CY2018Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
4698550
CY2019Q2 us-gaap Purchase Obligation
PurchaseObligation
1400000
us-gaap Related Party Transaction Other Revenues From Transactions With Related Party
RelatedPartyTransactionOtherRevenuesFromTransactionsWithRelatedParty
332657
us-gaap Related Party Transaction Other Revenues From Transactions With Related Party
RelatedPartyTransactionOtherRevenuesFromTransactionsWithRelatedParty
us-gaap Related Party Transaction Selling General And Administrative Expenses From Transactions With Related Party
RelatedPartyTransactionSellingGeneralAndAdministrativeExpensesFromTransactionsWithRelatedParty
305910
us-gaap Related Party Transaction Selling General And Administrative Expenses From Transactions With Related Party
RelatedPartyTransactionSellingGeneralAndAdministrativeExpensesFromTransactionsWithRelatedParty
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
189560
CY2019Q2 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-12075599
CY2018Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-12311138
CY2019Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
8257013
CY2018Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
8459741
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
17746517
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
18462980
CY2019Q2 us-gaap Sales And Excise Tax Payable Current
SalesAndExciseTaxPayableCurrent
147444
CY2018Q4 us-gaap Sales And Excise Tax Payable Current
SalesAndExciseTaxPayableCurrent
195802
CY2019Q2 us-gaap Sales Commissions And Fees
SalesCommissionsAndFees
2665093
CY2018Q2 us-gaap Sales Commissions And Fees
SalesCommissionsAndFees
2827357
us-gaap Sales Commissions And Fees
SalesCommissionsAndFees
5782665
us-gaap Sales Commissions And Fees
SalesCommissionsAndFees
6219102
CY2019Q2 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
3688944
CY2018Q2 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
4215641
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
7428472
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
8701536
us-gaap Share Based Compensation
ShareBasedCompensation
10612
us-gaap Share Based Compensation
ShareBasedCompensation
15069
CY2019Q2 us-gaap Short Term Lease Cost
ShortTermLeaseCost
5265
us-gaap Short Term Lease Cost
ShortTermLeaseCost
15036
CY2019Q2 us-gaap Stockholders Equity
StockholdersEquity
11737905
CY2018Q4 us-gaap Stockholders Equity
StockholdersEquity
11992864
CY2019Q1 us-gaap Stockholders Equity
StockholdersEquity
12131162
CY2017Q4 us-gaap Stockholders Equity
StockholdersEquity
14364587
CY2018Q1 us-gaap Stockholders Equity
StockholdersEquity
13791476
CY2018Q2 us-gaap Stockholders Equity
StockholdersEquity
12742466
CY2019Q1 us-gaap Treasury Stock Retired Cost Method Amount
TreasuryStockRetiredCostMethodAmount
27281
CY2019Q2 us-gaap Treasury Stock Value
TreasuryStockValue
5851423
CY2018Q4 us-gaap Treasury Stock Value
TreasuryStockValue
5338560
CY2019Q1 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
540144
us-gaap Use Of Estimates
UseOfEstimates
<div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;"><div style="display: inline; font-style: italic;"><div style="display: inline; font-weight: bold;">Use of Estimates</div></div></div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;">&nbsp;</div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;">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.</div></div></div></div></div></div></div></div></div>
CY2019Q2 us-gaap Variable Lease Cost
VariableLeaseCost
4023
us-gaap Variable Lease Cost
VariableLeaseCost
9472
CY2019Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
1746000
CY2018Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
1845000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
1746000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
1845000
CY2019Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
1746000
CY2018Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
1845000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
1746000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
1845000

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