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Basis of Presentation and Recently Issued Accounting Principles
9 Months Ended
Sep. 30, 2013
Accounting Policies [Abstract]  
Basis of Presentation and Recently Issued Accounting Principles

Basis of Presentation

 

 The accompanying Consolidated Financial Statements of SPY Inc. and its wholly owned subsidiaries have been prepared in accordance with generally accepted accounting principles (“GAAP”) in the United States.  In the opinion of management, the Consolidated Financial Statements contain all adjustments, consisting of normal recurring items, considered necessary for a fair presentation of the Company’s financial position, results of operations and cash flows.  The Consolidated Financial Statements contained in this Form 10-Q should be read in conjunction with the Consolidated Financial Statements contained in the Company's Annual Report on Form 10-K for the year ended December 31, 2012.

 

 Recently Issued Accounting Principles

 

 There are no recently issued accounting principles subsequent to the Company’s disclosure in the Annual Report on Form 10-K for the year ended December 31, 2012, which would have a significant impact on the Company’s Consolidated Financial Statements.