Segments (Tables)
|
6 Months Ended |
Jun. 30, 2025 |
Segments [Abstract] |
|
Schedule of Net Sales Attributed to Customers in the United States and Foreign Countries |
Net
sales attributed to customers in the United States and foreign countries for the three months ended June 30, 2025 and 2024 were as follows:
| |
June
30, 2025 | | |
June
30, 2024 | |
United States | |
$ | 7,954,326 | | |
$ | 6,705,486 | |
Foreign countries | |
| 180,670 | | |
| 1,319,354 | |
| |
$ | 8,134,996 | | |
$ | 8,024,840 | |
Net
sales attributed to customers in the United States and foreign countries for the six months ended June 30, 2025 and 2024 were as follows:
|
|
June
30,
2025 |
|
|
June
30,
2024 |
|
United States |
|
$ |
15,409,050 |
|
|
$ |
14,984,092 |
|
Foreign countries |
|
|
896,480 |
|
|
|
2,452,611 |
|
|
|
$ |
16,305,530 |
|
|
$ |
17,436,703 |
|
|
Schedule of Net Sales Attributed to Customers Product Group |
The
Company’s net sales by product group for the three months ended June 30, 2025 and 2024 were as follows:
| |
June
30, 2025 | | |
June
30, 2024 | |
Nutraceuticals | |
$ | 6,734,996 | | |
$ | 8,024,840 | |
License Revenue | |
| 1,400,000 | | |
| - | |
| |
$ | 8,134,996 | | |
$ | 8,024,840 | |
The
Company’s net sales by product group for the six months ended June 30, 2025 and 2024 were as follows:
| |
June 30, 2025 | | |
June 30, 2024 | |
Nutraceuticals | |
$ | 13,405,530 | | |
$ | 17,436,703 | |
License Revenue | |
| 2,900,000 | | |
| - | |
| |
$ | 16,305,530 | | |
$ | 17,436,703 | |
|
Schedule of Net Sales by Major Sales Channel |
The
Company’s net sales by major sales channel for the three months ended June 30, 2025 and 2024 were as follows:
| |
June
30, 2025 | | |
June
30, 2024 | |
Online | |
$ | 2,074,439 | | |
$ | 979,540 | |
Retail | |
| 6,060,557 | | |
| 7,045,300 | |
| |
$ | 8,134,996 | | |
$ | 8,024,840 | |
The
Company’s net sales by major sales channel for the six months ended June 30, 2025 and 2024 were as follows:
| |
June
30, 2025 | | |
June
30, 2024 | |
Online | |
$ | 4,836,284 | | |
$ | 2,150,177 | |
Retail | |
| 11,469,246 | | |
| 15,286,526 | |
| |
$ | 16,305,530 | | |
$ | 17,436,703 | |
|
Schedule of Significant Segment Expenses |
The
Company’s significant segment expenses for the three months ended June 30, 2025 and 2024 were as follows:
| |
June
30, 2025 | | |
June
30, 2024 | |
Retailer promotions | |
$ | 1,160,615 | | |
$ | 1,191,671 | |
Freight and fulfillment | |
| 396,436 | | |
| 501,982 | |
Online marketing | |
| 931,994 | | |
| 1,005,771 | |
Salaries and benefits, marketing | |
| 377,785 | | |
| 283,631 | |
Other selling and marketing | |
| 195,381 | | |
| 317,164 | |
IT expenses | |
| 163,608 | | |
| 158,035 | |
Salaries and benefits, non-marketing | |
| 591,170 | | |
| 440,970 | |
Professional fees | |
| 432,866 | | |
| (119,829 | ) |
Travel | |
| 71,895 | | |
| 55,064 | |
Other general and administrative expenses | |
| 259,786 | | |
| 124,565 | |
Amortization | |
| 33,334 | | |
| 33,334 | |
| |
$ | 4,614,870 | | |
$ | 3,992,358 | |
The
Company’s significant segment expenses for the six months ended June 30, 2025 and 2024 were as follows:
| |
June
30, 2025 | | |
June
30, 2024 | |
Retailer promotions | |
$ | 2,100,068 | | |
$ | 2,731,307 | |
Freight and fulfillment | |
| 894,184 | | |
| 1,098,279 | |
Online marketing | |
| 1,863,821 | | |
| 1,850,009 | |
Salaries and benefits, marketing | |
| 705,959 | | |
| 678,469 | |
Other selling and marketing | |
| 374,450 | | |
| 526,831 | |
IT expenses | |
| 304,184 | | |
| 295,899 | |
Salaries and benefits, non-marketing | |
| 1,159,163 | | |
| 1,037,565 | |
Professional fees | |
| 596,634 | | |
| 81,347 | |
Travel | |
| 227,015 | | |
| 133,800 | |
Other general and administrative expenses | |
| 539,043 | | |
| 458,580 | |
Amortization | |
| 66,667 | | |
| 66,667 | |
| |
$ | 8,831,188 | | |
$ | 8,958,753 | |
|
Schedule of Long-lived Assets (Net) Attributable to Operations Geographical Segment |
Long-lived
assets (net) attributable to operations in the United States and foreign countries as of June 30, 2025 and December 31, 2024 were as
follows:
|
|
June
30, 2025 |
|
|
December 31,
2024 |
|
United States |
|
$ |
216,667 |
|
|
$ |
283,333 |
|
Foreign countries |
|
|
- |
|
|
|
- |
|
|
|
$ |
216,667 |
|
|
$ |
283,333 |
|
|