Revenue Sources - FOCUSfactor represents 55% of the company's revenue, while Flat Tummy Tea accounts for 37%[16][17] - The company relies on Costco and Sam's Club for 65% of its retail sales revenue[24] Sales Strategy - The company plans to expand its online sales model and diversify its sales network to enhance market penetration[21][24] - The company aims to expedite market acceptance by selling to active retailers and distributors in the consumer product space[27] Research and Development - The company outsources research and development to manufacturers experienced in product development[22] - The company intends to conduct research with focus groups to optimize marketing strategies[27] Product Claims and Compliance - FOCUSfactor is the only product in its category with both a patent and clinical study supporting its claims[29] - The company has a patent (U.S. Patent 8,329,227) for FOCUSfactor's formulation, which enhances mental function[26] - The company is focused on compliance with FDA regulations for its nutraceuticals and cosmeceuticals[30][33] Workforce - The company had 42 full-time employees and 1 part-time employee as of March 27, 2019, with plans for growth[34]
Synergy CHC Corp.(SNYR) - 2018 Q4 - Annual Report