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Segment Information
6 Months Ended
Jun. 30, 2012
Segment Reporting Information [Abstract]  
Segment Information
Note 3. Segment Information.

We operate in two different segments: household products and skin and hair care products. Our products are sold nationally and internationally (primarily Canada), directly through our sales force and indirectly through independent brokers, to mass merchandisers, drugstores, supermarkets, hardware stores and other retail outlets and to wholesale distributors. We have chosen to organize our business around these segments based on differences in the products sold.

Accounting policies for our segments are the same as those described in Note 1. We evaluate segment performance based on segment income or loss before income taxes.

The following provides information on our segments for the three and six months ended June 30:

 

                                 
    Three Months Ended June 30,  
    2012     2011  
    Household
Products
    Skin and
Hair Care
Products
    Household
Products
    Skin and
Hair Care
Products
 

Net sales to external customers

  $ 1,212,200     $ 2,205,300     $ 1,537,900     $ 2,458,900  
   

 

 

   

 

 

   

 

 

   

 

 

 

(Loss) income before income taxes

  $ (399,500   $ 44,900     $ (168,000   $ 219,000  
   

 

 

   

 

 

   

 

 

   

 

 

 

Identifiable assets

  $ 2,307,200     $ 4,260,200     $ 2,568,000     $ 4,340,100  
   

 

 

   

 

 

   

 

 

   

 

 

 

 

                                 
    Six Months Ended June 30,  
    2012     2011  
    Household
Products
    Skin and
Hair Care
Products
    Household
Products
    Skin and
Hair Care
Products
 

Net sales to external customers

  $ 2,549,700     $ 5,206,200     $ 3,098,000     $ 4,767,200  
   

 

 

   

 

 

   

 

 

   

 

 

 

(Loss) income before income taxes

  $ (747,200   $ 346,600     $ (210,700   $ 387,500  
   

 

 

   

 

 

   

 

 

   

 

 

 

Identifiable assets

  $ 2,307,200     $ 4,260,200     $ 2,568,000     $ 4,340,100  
   

 

 

   

 

 

   

 

 

   

 

 

 

The following is a reconciliation of segment information to consolidated information for the three and six months ended June 30:

 

                                 
    Three Months Ended June 30,     Six Months Ended June 30,  
    2012     2011     2012     2011  

Net sales to external customers

  $ 3,717,500     $ 3,996,800     $ 7,755,900     $ 7,865,200  
   

 

 

   

 

 

   

 

 

   

 

 

 

(Loss) income before income taxes

  $ (354,600   $ 51,000     $ (400,600   $ 176,800  
   

 

 

   

 

 

   

 

 

   

 

 

 

Consolidated (loss) income before income taxes

  $ (354,600   $ 51,000     $ (400,600   $ 176,800  
   

 

 

   

 

 

   

 

 

   

 

 

 

Identifiable assets

  $ 6,567,400     $ 6,908,100     $ 6,567,400     $ 6,908,100  

Corporate assets

    7,378,800       7,983,500       7,378,800       7,983,500  
   

 

 

   

 

 

   

 

 

   

 

 

 

Consolidated total assets

  $ 13,946,200     $ 14,891,600     $ 13,946,200     $ 14,891,600  
   

 

 

   

 

 

   

 

 

   

 

 

 

Corporate assets noted above are comprised primarily of our cash and investments, and property and equipment not directly associated with the manufacturing, warehousing, shipping and receiving activities.