The following table includes selected line items from our financial statements illustrating the effect of the revision:
As Reported | Adjustment | As Revised | ||||||||||
(in thousands) | ||||||||||||
Consolidated Statements of Comprehensive Loss for the Three Months Ended March 31, 2012 |
||||||||||||
Sales discounts and allowances |
(384 | ) | (38 | ) | (422 | ) | ||||||
Net Sales |
2,523 | (38 | ) | 2,485 | ||||||||
Cost of goods sold |
2,067 | (38 | ) | 2,029 | ||||||||
Consolidated Statements of Comprehensive Loss for the Three Months Ended June 30, 2012 |
||||||||||||
Sales discounts and allowances |
(767 | ) | (160 | ) | (927 | ) | ||||||
Net Sales |
3,841 | (160 | ) | 3,681 | ||||||||
Cost of goods sold |
2,855 | (160 | ) | 2,695 | ||||||||
Consolidated Statements of Comprehensive Loss for the Three Months Ended September 30, 2012 |
||||||||||||
Sales discounts and allowances |
(790 | ) | (202 | ) | (992 | ) | ||||||
Net Sales |
6,521 | (202 | ) | 6,319 | ||||||||
Cost of goods sold |
3,810 | (202 | ) | 3,608 | ||||||||
Consolidated Statements of Comprehensive Loss for the Three Months Ended December 31, 2012 |
||||||||||||
Sales discounts and allowances |
(1,405 | ) | (388 | ) | (1,793 | ) | ||||||
Net Sales |
6,747 | (388 | ) | 6,359 | ||||||||
Cost of goods sold |
3,931 | (388 | ) | 3,543 | ||||||||
Consolidated Statements of Comprehensive Loss for the Three Months Ended March 31, 2013 |
||||||||||||
Sales discounts and allowances |
(1,527 | ) | (478 | ) | (2,005 | ) | ||||||
Net Sales |
9,171 | (478 | ) | 8,693 | ||||||||
Cost of goods sold |
4,247 | (478 | ) | 3,769 | ||||||||
Consolidated Statements of Comprehensive Loss for the Three Months Ended June 30, 2013 |
||||||||||||
Sales discounts and allowances |
(5,383 | ) | (1,123 | ) | (6,506 | ) | ||||||
Net Sales |
12,254 | (1,123 | ) | 11,131 | ||||||||
Cost of goods sold |
3,517 | (1,123 | ) | 2,394 | ||||||||
Consolidated Statements of Comprehensive Loss for the Six Months Ended June 30, 2013 |
||||||||||||
Sales discounts and allowances |
(6,910 | ) | (1,601 | ) | (8,511 | ) | ||||||
Net Sales |
21,425 | (1,601 | ) | 19,824 | ||||||||
Cost of goods sold |
7,764 | (1,601 | ) | 6,163 | ||||||||
Consolidated Statements of Comprehensive Loss for the Three Months Ended September 30, 2013 |
||||||||||||
Sales discounts and allowances |
(5,306 | ) | (2,106 | ) | (7,412 | ) | ||||||
Net Sales |
26,218 | (2,106 | ) | 24,112 | ||||||||
Cost of goods sold |
5,313 | (2,106 | ) | 3,207 | ||||||||
Consolidated Statements of Comprehensive Loss for the Nine Months Ended September 30, 2013 |
||||||||||||
Sales discounts and allowances |
(12,216 | ) | (3,707 | ) | (15,923 | ) | ||||||
Net Sales |
47,643 | (3,707 | ) | 43,936 | ||||||||
Cost of goods sold |
13,077 | (3,707 | ) | 9,370 |