Quarterly report pursuant to Section 13 or 15(d)

REVENUE (Tables)

v3.19.1
REVENUE (Tables)
 3 Months Ended
Mar. 31, 2019
Revenue Recognition [Abstract]  
Schedule of Revenue by Market The following table sets forth revenue by market for the periods indicated (in thousands):
 
Three Months Ended March 31,
 
2019
 
2018
Americas1
$
1,515

 
7.8
%
 
$
1,536

 
2.9
%
Hong Kong2
15,366

 
79.5

 
47,619

 
91.0

China
1,056

 
5.5

 
1,259

 
2.4

Taiwan
634

 
3.3

 
1,061

 
2.0

South Korea
106

 
0.5

 
119

 
0.2

Japan
44

 
0.2

 
65

 
0.1

Singapore
12

 
0.1

 
31

 
0.1

Malaysia
34

 
0.2

 
43

 
0.1

Russia and Kazakhstan
218

 
1.1

 
203

 
0.4

Europe
343

 
1.8

 
431

 
0.8

Total
$
19,328

 
100.0
%
 
$
52,367

 
100.0
%

1 United States, Canada, Mexico and Peru
2 Substantially all of our Hong Kong revenues are derived from the sale of products that are delivered to members in China. See “Item 1A. Risk Factors” in our most recent Annual Report on Form 10-K.
Schedule of Net Sales by Product and Service The Company’s net sales by product and service are as follows (in thousands):
 
Three Months Ended March 31,
 
2019
 
2018
Product sales
$
18,523

 
$
49,365

Freight and other
1,500

 
3,752

Less: sales returns
(695
)
 
(750
)
Total net sales
$
19,328

 
$
52,367