SUPPLEMENTAL INFORMATION

6 Months Ended

Jun. 30, 2015

Organization, Consolidation and Presentation of Financial Statements [Abstract]

SUPPLEMENTAL INFORMATION

Foreign Sales

The Company generated $9,408 and $8,806 of foreign sales during the three months ended June 30, 2015 and 2014, respectively. The Company generated $18,528 and $10,048 of foreign sales during the six months ended June 30, 2015 and 2014, respectively.

Major Suppliers

The Company purchases approximately 80% of its inventories from two suppliers that are located in foreign countries.

Foreign Currency and Accumulated Other Comprehensive Loss

Comprehensive loss is defined as the change in equity of a company during the period resulting from transactions and other events and circumstances excluding transactions resulting from investments by owners and distributions to owners. The primary difference between the Company’s net loss and comprehensive loss results from foreign currency translation adjustments in consolidating the Company’s UK subsidiaries’ financial statements. The financial position of foreign subsidiaries is generally translated using the exchange rates in effect at the end of the reporting period, while income and expense items are generally translated at average rates of exchange during the reporting period.

Foreign exchange gains and losses reported in the Company’s statements of operations are immaterial for all periods presented.

Financial Instruments

The carrying amounts of cash, accounts receivable, and accounts payable approximate fair value as of June 30, 2015 and December 31, 2014, because of the relatively short maturities of these instruments. The estimated fair values for financial instruments presented herein are not necessarily indicative of the amounts the Company could realize in a current market exchange. The use of different market assumptions and/or estimation methodologies may have a material effect on the estimated fair values. The carrying values of certain borrowings approximate fair value because the underlying instruments are fixed-rate notes based on current market rates and current maturities.

Other Information

Presented below are certain expenses included in the accompanying statements of operations:

	Statement of Operations	Three Months Ended June 30:				Six Months Ended June 30:
	Caption	2015		2014		2015		2014
Inventory write-downs	Cost of goods sold	$	311	$	315	$	335	$	315
Bad debts	Professional fees and other		50		15		150		58
Repairs and maintenance	Professional fees and other		24		33		38		36
Rent	Professional fees and other		616		65		1,522		83
Advertising	Marketing and selling expenses		2,021		933		3,114		975