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Segment Information (Tables)
12 Months Ended
Dec. 31, 2015
Segment Reporting [Abstract]  
Information on Segments

The following provides information on our segments as of and for the years ended December 31:

 

 

2015

 

  

2014

 

 

Household
Products

 

 

Skin and Hair
Care Products

 

  

Household
Products

 

 

Skin and Hair
Care Products

 

Net sales to external customers

$

6,359,100

 

 

$

22,829,300

 

  

$

5,890,200

 

 

$

18,453,400

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cost of Sales

 

2,988,500

 

 

 

13,820,100

 

 

 

3,119,600

 

 

 

10,572,100

 

Advertising expenses

 

1,004,300

 

 

 

528,300

 

 

 

678,100

 

 

 

134,600

 

Selling expenses

 

1,650,000

 

 

 

3,661,200

 

 

 

1,509,500

 

 

 

3,339,400

 

General and administrative expenses

 

1,435,400

 

 

 

1,822,800

 

 

 

1,278,500

 

 

 

1,597,500

 

Total operating expenses

 

7,078,200

 

 

 

19,832,400

 

 

 

6,585,700

 

 

 

15,643,600

 

(Loss) income from operations

 

(719,100

)

 

 

2,996,900

 

 

 

(695,500

)

 

 

2,809,800

 

Other income

 

5,000

 

 

 

21,900

 

 

 

36,100

 

 

 

16,100

 

Interest expense

 

(6,400

)

 

 

(22,900

)

 

 

(6,800

)

 

 

(22,400)

 

(Loss) income before income taxes

$

(720,500

)

 

 

2,995,900

 

  

$

(666,200

)

 

$

2,803,500

 

Identifiable assets

$

7,585,800

 

 

 

5,073,200

 

  

$

4,119,400

 

 

$

3,471,800

 

 

Reconciliation of Segment Information

The following is a reconciliation of segment information to consolidated information:

 

 

2015

 

  

2014

 

Net sales to external customers

$

29,188,400

 

  

$

24,343,600

 

Consolidated income before income taxes

$

2,275,400

 

  

$

2,137,300

 

Identifiable assets

$

12,659,000

 

  

$

7,591,200

 

Corporate assets

 

3,483,800

 

  

 

2,837,700

 

Consolidated total assets

$

16,142,800

 

  

$

10,428,900