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Segment Information (Tables)
3 Months Ended
Mar. 31, 2017
Segment Reporting [Abstract]  
Information on Segments

The following provides information on our segments for the three months ended March 31:

 

 

 

 

2017

 

 

2016

 

 

Household
Products

 

 

Skin and
Hair Care
Products

 

 

Household
Products

 

 

Skin and
Hair Care
Products

 

Net sales

$

1,449,600

 

 

$

8,993,000

 

 

$

1,592,900

 

 

 

6,263,000

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cost of sales

 

657,500

 

 

 

4,964,700

 

 

 

674,700

 

 

 

3,182,400

 

Advertising expenses

 

214,100

 

 

 

68,500

 

 

 

289,300

 

 

 

196,800

 

Selling expenses

 

308,500

 

 

 

1,307,400

 

 

 

373,000

 

 

 

876,800

 

General and administrative expenses

 

348,400

 

 

 

731,900

 

 

 

422,500

 

 

 

530,600

 

Total operating costs and expenses

 

1,528,500

 

 

 

7,072,500

 

 

 

1,759,500

 

 

 

4,786,600

 

(Loss) income from operations

 

(78,900

)

 

 

1,920,500

 

 

 

(166,600)

 

 

 

1,476,400

 

Other income

 

0

 

 

 

0

 

 

 

1,300

 

 

 

4,900

 

Interest expense

 

0

 

 

 

(41,900

)

 

 

(1,600)

 

 

 

(5,800

)

(Loss) income before income taxes

$

(78,900

)

 

$

1,878,600

 

 

$

(166,900)

 

 

 

1,475,500

 

 

Reconciliation of Segment Information

 


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

 

 

Three Months Ended March 31,

 

 

2017

 

 

 

2016

 

 

 

Net sales

$

10,442,600

  

  

$

7,855,900

  

 

  

Consolidated income before income taxes

$

1,799,700

 

  

$

1,308,600

 

 

 

 

 

 

 

 

March 31, 2017

 

 

 

December 31, 2016

 

 

 

Assets:

 

 

 

 

 

 

 

 

 

Household Products

$

1,971,500

  

  

$

1,850,000

 

 

 

Skin and Haircare Products

 

18,488,700

 

  

 

18,371,500

 

 

 

Corporate

 

1,020,200

  

  

 

1,611,800

 

 

 

Consolidated

$

21,480,400

  

  

$

21,833,300