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RECONCILIATIONS OF NET SALES
9 Months Ended
Sep. 30, 2013
Notes to Financial Statements  
RECONCILIATIONS OF NET SALES

14. RECONCILIATIONS OF NET SALES

 

In accordance with FASB ASC 605-50, the Company classifies the following allowances as reductions of sales for the three and nine months ended September 30:

 

 

          
   Three Months Ended  Nine Months Ended
   September 30,  September 30,
   2013  2012  2013  2012
Gross sales  $37,944   $275,039   $160,092   $1,582,063 
Less:                    
Sales discounts   —      —      2,383    23,101 
Credits   —      —      507    —   
Returns and allowances   —      —      —      9 
Trade spending   3,126    41,064    29,348    567,398 
Slotting fees   —      —           29,000 
Net sales  $34,818   $233,975   $127,854   $962,555