Failure to get such approval may perhaps have an effect on our potential to create revenue from this product line. We have previously been engaged in a lawsuit with a former distributor of our merchandise whilst we have settled the lawsuit, we are presently engaged in a formal arbitration method intended to resolve claims of alleged breach of settlement. In addition, to execute our development program, we will have to attract and retain hugely certified personnel. New members of management must have substantial business knowledge when they join us or engage in considerable training which, in many circumstances, needs significant time prior to they realize complete productivity. If we fail to attract, train, retain, and motivate our essential personnel, our business and growth prospects could be adversely affected.
Its money, which includes restricted cash on hand, at December 31, 2019 was $1,717,464. Though we intend to seek FDA and Wellness Canada approval for some of our Anvirzel® goods, there can be no assurance that such approval will ever be granted.
Nerium International Age Defying Day & Evening Cream Set 30ml
Our new item improvement demands us to investigate and evaluate several options, as effectively as strategy the style and manufacture of these alternatives selected for further development. Our improvement efforts could be adversely affected by solution improvement delays, modifications in operating systems and alterations in sector requirements. The manufacturing of new merchandise entails integrating designs and processes, coordinating with suppliers for parts and elements and managing manufacturing capacities to accommodate forecasted demand. If we are not productive in meeting these needs, this could adversely influence our capability to introduce new solutions on a timely basis. Our sales model is heavily dependent on securing a substantial number of independent sales representatives.
Other earnings comprising rental earnings derived from leasing a portion of the farm acreage was capitalized to the 2019 production of oleander powder. It reported sales of $two,976,035 and a net complete loss attributable to controlling interest for the year of $4,967,307. It made a significant added investment of $2,171,552 in inventory, it spent $83,198 on home, plant and gear, and it committed $190,229 to added patent and trademark expenditures.
Nerium International Day & Night Cream Nib
Skin Sort
We do not have a big sales force, and failure to recruit an adequate quantity of independent sales representatives could have an adverse impact on our enterprise and our economic position. The Company has its item formulations manufactured in the U.S. by 4 distinct companies. We may have to have to find added or more comprehensive manufacturing capacity in order to enhance our sales.
At December 31, 2017, Nerium determined that it was no longer capable to physical exercise significant influence more than Biova, and at that point in time, it adopted the expense strategy to report its residual interest in Biova. Thereafter, Nerium opted to forgo money contributions essential to retain its investment percentage which, as a outcome, declined to 15.53% as of December 31, 2019. Other revenue for the year ended December 31, 2019 totaled $19,862 compared to $141,674 for the year ended December 31, 2018.