Quarterly report pursuant to Section 13 or 15(d)

Supplemental Financial Statement Information

v3.20.2
Supplemental Financial Statement Information
 6 Months Ended
Jun. 30, 2020
Payables and Accruals [Abstract]  
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:
(in thousands) June 30, 2020 December 31, 2019
Accrued expenses and other current liabilities:
Payroll related including bonus $ 1,192    $ 1,314   
Contingent consideration 71    1,568   
Accrued marketing fees and royalties 715    304   
Refund liability 597    622   
Accrued purchase price consideration for business acquisition —    3,029   
Current portion of long-term debt 177    178   
Other 4,484    3,585   
$ 7,236    $ 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 four 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 six months ended June 30, 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 5,750   
Revenue recognized (5,858)  
Balance as of June 30, 2020 $ 3,044   

Accumulated Other Comprehensive Loss
The components of accumulated other comprehensive loss for the periods presented 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 (156)   (559)   (715)  
Less: Other comprehensive loss attributable to
non-controlling interest		 122    425    547   
Balance at June 30, 2020 $ (56)   $ (184)   $ (240)  

(in thousands) Foreign Currency Translation Unrealized Loss on
Derivative Instrument		 Total
Balance at December 31, 2018 $ (286)   $ —    $ (286)  
Other comprehensive income 51    —    51   
Effects of the reorganization transactions 203    —    203   
Less: Other comprehensive income attributable to non-controlling interest (24)   —    (24)  
Balance at June 30, 2019 $ (56)   $ —    $ (56)  

Supplier Concentration
We have three major vendors whose products accounted for an aggregate of approximately 31.4% and 33.5% of our total net sales and 42.7% and 41.4% of our total purchases for the three and six months ended June 30, 2020, respectively, and an aggregate of approximately 62.4% and 60.6% of our total net sales and 66.4% and 62.5% of our total purchases for the three and six months ended June 30, 2019, respectively. We expect to maintain our existing relationships with these vendors.