Supplemental Financial Statement Information

3 Months Ended

Mar. 31, 2020

Supplemental Financial Statement Information

SUPPLEMENTAL FINANCIAL STATEMENT INFORMATION

Accrued Expenses and Other Current Liabilities

The following table summarizes the composition of accrued expenses and other current liabilities as of the dates indicated:


	March 31, 2020		December 31, 2019
	(in thousands)
Accrued expenses and other current liabilities:
Payroll related including bonus	$	1,662	$	1,314
Contingent consideration	922		1,568
Accrued marketing fees and royalties	681		304
Refund liability	664		622
Accrued purchase price consideration for business acquisition	218		3,029

Current portion of long-term debt	181		178
Other	4,161		3,585
	$	8,489	$	10,600

Customer Deposits

Our product offerings include premium, patented, child-resistant packaging, closed-system vaporization solutions and custom-branded retail products. For these product offerings, we generally receive a deposit from the customer (generally 50% of the total order cost, but the amount can vary by customer contract), when an order is placed by a customer. We typically complete orders related to customer deposits within six weeks to three months from the date of order, depending on the complexity of the customization and the size of the order. Changes in our customer deposits liability balance during the three months ended March 31, 2020 were as follows:


(in thousands)	Customer Deposits
Balance as of December 31, 2019	$	3,152
Increases due to deposits received, net of other adjustments	2,792
Revenue recognized	(3,361)
Balance as of March 31, 2020	$	2,583

Accumulated Other Comprehensive Loss

Changes in accumulated other comprehensive loss during the three months ended March 31, 2020 were as follows:


(in thousands)	Foreign Currency Translation		Unrealized Loss on Derivative Instrument		Total
Balance at December 31, 2019	$	(22)	$	(50)	$	(72)
Other comprehensive loss	(627)		(493)		(1,120)

Less: Other comprehensive loss attributable to non-controlling interest	477		376		853
Balance at March 31, 2020	$	(172)	$	(167)	$	(339)

Changes in accumulated other comprehensive loss during the three months ended March 31, 2019 were as follows:


(in thousands)	Foreign Currency Translation		Unrealized Loss on Derivative Instrument		Total
Balance at December 31, 2018	$	(286)	$	—	$	(286)
Other comprehensive income	28		—		28
Balance at March 31, 2019	$	(258)	$	—	$	(258)

Supplier Concentration

We have three major vendors whose products accounted for an aggregate of approximately 35.8% of our total net sales and 40.1% of our total purchases for the three months ended March 31, 2020, and an aggregate of approximately 57.0% of our total net sales and 57.5% of our total purchases for the three months ended March 31, 2019. We expect to maintain our existing relationships with these vendors.