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5. EQUITY
9 Months Ended
Sep. 30, 2015
Equity [Abstract]  
EQUITY

On May 15, 2014, the reverse stock split of the Company’s issued and outstanding common stock at a ratio of one-for-ten was approved by the Company’s stockholders (the "Reverse Stock Split"). The Reverse Stock Split became effective June 3, 2014, pursuant to a Certificate of Amendment to the Company’s Amended and Restated Certificate of Incorporation filed with the State of Delaware. The Company is authorized in its Amended and Restated Certificate of Incorporation to issue up to a total of 600,000,000 shares of common stock at a par value of $.001 per share and 10,000,000 shares of preferred stock at a par value of $.001 per share. The Company’s common stock continues to trade on the Nasdaq Capital Market under the symbol SWSH under a new CUSIP number.  In the Condensed Consolidated Balance Sheets, the Equity section has been retroactively adjusted to reflect the Reverse Stock Split for all periods presented by reducing the line item Common stock and increasing the line item Additional paid-in capital, with no change to Equity in the aggregate.

 

Changes in equity for the nine months ended September 30, 2015 consisted of the following:

 

Balance at December 31, 2014   $ 81,290  
Stock based compensation     305  
Payments to cover RSU's     (5 )
Net loss     (48,301 )
Balance at September 30, 2015   $ 33,289  

 

Comprehensive Loss

 

A summary of the changes in the components of accumulated other comprehensive loss for the nine months ended September 30, 2015 is provided below:

 

    Foreign Currency Translation Adjustment     Employee Benefit Plan Adjustment, Net of Tax     Accumulated Other Comprehensive Loss  
Balance at December 31, 2014   $ (125 )   $ (1,182 )   $ (1,307 )
Current period other comprehensive income     -       -       -  
Balance at September 30, 2015   $ (125 )   $ (1,182 )   $ (1,307 )