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RECONCILIATIONS OF NET SALES
12 Months Ended
Dec. 31, 2013
Notes to Financial Statements  
RECONCILIATIONS OF NET SALES

 

12. RECONCILIATIONS OF NET SALES

 

In accordance with FASB ASC 605-50, the Company classifies the following allowances to customers as reductions of sales:

 

   Years Ended December 31,
   2013  2012
Gross sales  $164,552   $1,787,947 
Less:          
Sales discounts   2,383    26,826 
Credits   507    5,449 
Returns and allowances   —      —   
Trade spending   44,329    676,943 
Slotting fees   —      50,000 
Net sales  $117,333   $1,028,729