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Segments

12 Months Ended

Dec. 31, 2017

Segment Reporting [Abstract]

Segments

Note 18 – Segments

Segment identification and selection is consistent with the management structure used by the Company’s chief operating decision maker to evaluate performance and make decisions regarding resource allocation, as well as the materiality of financial results consistent with that structure. Based on the Company’s management structure and method of internal reporting, the Company has one operating segment. The Company’s chief operating decision maker does not review operating results on a disaggregated basis; rather, the chief operating decision maker reviews operating results on an aggregated basis.

Net sales attributed to customers in the United States and foreign countries for the years ended December 31, 2017 and 2016 were as follows:

		December 31, 2017				December 31, 2016
United States		$	32,922,730			$	32,010,018
Foreign countries			2,673,305				2,830,376
		$	35,596,035			$	34,840,394

The Company’s net sales by product group for the years ended December 31, 2017 and 2016 were as follows:

		December 31, 2017				December 31, 2016
Nutraceuticals		$	29,903,714			$	33,877,529
Over the Counter (OTC)			1,203,034				907,401
Consumer Goods			3,614,090				-
Cosmeceuticals			875,197				55,464
		$	35,596,035			$	34,840,394

(1) Net sales for any other product group of similar products are less than 10% of consolidated net sales.

Long-lived assets (net) attributable to operations in the United States and foreign countries as of December 31, 2017 and 2016 were as follows:

		December 31, 2017				December 31, 2016
United States		$	13,613,043			$	13,174,461
Foreign countries			5,612				21,599
		$	13,618,655			$	13,196,060

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- References

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- Definition

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-URI http://asc.fasb.org/topic&trid=2134510

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