v2.4.0.6
Note 5 - Reserves and Allowances
 9 Months Ended
Sep. 30, 2012
Notes  
Note 5 - Reserves and Allowances

NOTE 5 – RESERVES AND ALLOWANCES

 

At September 30, 2012, the allowance for doubtful accounts included in Accounts receivable, trade, net, consisted of the following:

 

 

 

 

Balance December 31, 2011

 

$500

Bad debts provision (included in Sales and marketing expenses)

 

(100)

Accounts written off

 

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Collection of accounts previously written off

 

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Balance September 30, 2012

 

$400

 

At September 30, 2012, the reserve for obsolete inventory included in Inventories consisted of the following:

 

 

 

 

Balance December 31, 2011

 

$1,000

Provision for obsolete inventory

 

1,298

Obsolete inventory written off

 

(23)

Reserve for obsolete inventory from discontinued operations

 

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Balance September 30, 2012

 

$2,275

 

At September 30, 2012, the reserve for sales returns included in Other current liabilities consisted of the following:

 

 

 

 

Balance December 31, 2011

 

$1,500

Return provision – sales

 

(212)

Return provision – cost of sales

 

(135)

Returns processed

 

(803)

Balance September 30, 2012

 

$350