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Segment Information (Tables)
6 Months Ended
Jun. 30, 2015
Segment Reporting [Abstract]  
Information on Segments

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

 

 

Three Months Ended June 30,

 

 

2015

 

 

2014

 

 

Household
Products

 

 

Skin and
Hair Care
Products

 

 

Household
Products

 

 

Skin and
Hair Care
Products

 

Net sales to external customers

$

1,563,100

 

 

$

5,696,300

 

 

$

1,578,200

 

 

$

4,155,800

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cost of sales

 

757,100

 

 

 

3,261,500

 

 

 

796,300

 

 

 

2,493,700

 

Advertising expenses

 

158,900

 

 

 

153,200

 

 

 

189,300

 

 

 

10,300

 

Selling expenses

 

409,500

 

 

 

944,300

 

 

 

404,800

 

 

 

778,000

 

General and administrative expenses

 

360,300

 

 

 

431,200

 

 

 

335,900

 

 

 

405,800

 

Total operating costs and expenses

 

1,685,800

 

 

 

4,790,200

 

 

 

1,726,300

 

 

 

3,687,800

 

(Loss) income from operations

 

(122,700

)

 

 

906,100

 

 

 

(148,100

)

 

 

468,000

 

Other income

 

1,200

 

 

 

4,000

 

 

 

1,000

 

 

 

2,600

 

Interest expense

 

(1,600

)

 

 

(5,700

)

 

 

(2,100

)

 

 

(5,200

)

(Loss) income before income taxes

$

(123,100

)

 

$

904,400

 

 

$

(149,200

)

 

$

465,400

 

Identifiable assets

$

6,931,600

 

 

$

4,659,800

 

 

$

4,229,500

 

 

$

3,565,400

 

 

 

Six Months Ended June 30,

 

 

2015

 

 

2014

 

 

Household
Products

 

 

Skin and
Hair Care
Products

 

 

Household
Products

 

 

Skin and
Hair Care
Products

 

Net sales to external customers

$

3,176,400

 

 

$

11,031,200

 

 

$

2,938,800

 

 

$

8,279,000

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cost of sales

 

1,516,900

 

 

 

6,241,100

 

 

 

1,508,600

 

 

 

4,758,000

 

Advertising expenses

 

260,100

 

 

 

299,200

 

 

 

370,400

 

 

 

28,800

 

Selling expenses

 

848,800

 

 

 

1,858,200

 

 

 

786,700

 

 

 

1,528,500

 

General and administrative expenses

 

765,400

 

 

 

935,300

 

 

 

655,900

 

 

 

756,500

 

Total operating costs and expenses

 

3,391,200

 

 

 

9,333,800

 

 

 

3,321,600

 

 

 

7,071,800

 

(Loss) income from operations

 

(214,800

)

 

 

1,697,400

 

 

 

(382,800

)

 

 

1,207,200

 

Other income

 

2,200

 

 

 

7,100

 

 

 

7,100

 

 

 

5,200

 

Interest expense

 

(3,400

)

 

 

(11,200

)

 

 

(3,900

)

 

 

(10,600

)

(Loss) income before income taxes

$

(216,000

)

 

$

1,693,300

 

 

$

(379,600

)

 

$

1,201,800

 

Identifiable assets

$

6,931,600

 

 

$

4,659,800

 

 

$

4,229,500

 

 

$

3,565,400

 

 

Reconciliation of Segment Information

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,

 

 

2015

 

 

2014

 

 

2015

 

 

2014

 

Net sales to external customers

$

7,259,400

 

 

$

5,734,000

 

 

$

14,207,600

 

 

$

11,217,800

 

Consolidated income before income taxes

$

781,300

 

 

$

316,200

 

 

$

1,477,300

 

 

$

822,200

 

Identifiable assets

$

11,591,400

 

 

$

7,794,900

 

 

$

11,591,400

 

 

$

7,794,900

 

Corporate assets

 

3,818,100

 

 

 

1,436,700

 

 

 

3,818,100

 

 

 

1,436,700

 

Consolidated total assets

$

15,409,500

 

 

$

9,231,600

 

 

$

15,409,500

 

 

$

9,231,600