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Youngevity International Inc
2400 Boswell Rd
Phone: (619) 934-3980p:619 934-3980 CHULA VISTA, CA  91914-3553  United States Ticker: JCOF JCOF

On October 13, 2020, the Audit Committee of the Board, following discussions with management, determined that the unaudited condensed consolidated financial statements for the quarters ended March 31, 2019, June 30, 2019 and September 30, 2019 should no longer be relied upon. The determination of the Audit Committee to restate the above-referenced condensed consolidated financial statements was based upon certain errors to the Company’s condensed consolidated financial statements regarding the recognition of revenues and cost of sales of green coffee for transfer to H&H Export Y CIA. LTDA. The Company also has recently determined that the value of the collateral underlying a promissory note, due November 2020, in the principal and interest amount of $5.3 million, from H&H has been impaired, resulting in an impairment allowance for $5.3 million. As a result, management believes it is more than likely that the Company will not collect the outstanding balance and interest due on the note receivable, and allowances for doubtful accounts should be recognized at December 31, 2019.

Business Summary
Youngevity International, Inc. develops and distributes health and nutrition-related products through its global independent direct selling network, sells coffee products to commercial customers, and provides end-to-end extraction and processing for the conversion of hemp feedstock into hemp oil. The Company operates through three segments: direct selling, commercial coffee and commercial hemp. The direct selling segment develops and distributes health and wellness products through its global independent direct selling network also known as multi-level marketing. The commercial coffee segment is a coffee roasting and distribution company specializing in gourmet coffee. The commercial hemp segment provides end-to-end extraction and processing via the Company’s systems that allow for the conversion of hemp feedstock into hemp oil and hemp extracts.
(Source: 10-Q)

Scores and Ratings
FRISK®
Score
Z''
Score
PAYCE®
Score
DBT
Index
Moody's
Rating
Fitch
Rating
DBRS
Rating
YesYes-Yes---

Financials, News and Filings
Latest
Statement
Last
Audit

News
SEC
Filings
Bankruptcy
Filings
Suit &
Judgment
Filings
Tax
Lien
Filings
9/30/201912/31/2018YesYes--Yes

Officers and Directors

Title

Name

Age
Title
Date
Start
Date
Chairman of the Board, Chief Executive Officer StephanWallach 52 7/11/2011 7/11/2011
President, Chief Investment Officer, Director David S.Briskie 58 10/25/2020
Chief Financial Officer William G.Thompson 59 10/25/2020 6/10/2013
3 additional Officers and Directors records available in full report.

Subsidiaries
Business Name Address City State/Province Country
AL Global Corporation 2400 Boswell Road Chula Vista CA United States
Ricolife, LLC 1400 Mitchell Road Modesto CA United States
Khrysos Global, Inc. 622 East Myers Boulevard Mascotte FL United States
CLR Roasters, LLC 2131 NW 72nd Avenue Miami FL United States
Good Herbs, Inc. 550 Oliver Dr Troy MI United States

Business Names
Business Name
2400 Boswell, LLC
AL Global Corporation
BellaVita
32 additional Business Names available in full report.

General Information
Number of Employees: 469 (As of 4/10/2019)
Outstanding Shares: 30,270,422 (As of 11/15/2019)
Shareholders: 561
Stock Exchange: OTC
Federal Tax Id: 900890517
Fax Number: (619) 934-3205


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Thursday, May 13, 2021