| Additions | ||||||||||||||||||||
| Balance at | Balance Acquired | Charged to | ||||||||||||||||||
| Beginning of | From EJ | Costs and | Balance at | |||||||||||||||||
| DESCRIPTION | Period | Footwear | Expenses | Deductions | End of Period | |||||||||||||||
ALLOWANCE FOR DOUBTFUL ACCOUNTS |
||||||||||||||||||||
Year ended December 31, 2007 |
$ | 838,000 | $ | — | $ | 1,024,217 | $ | (888,567 | )(1) | $ | 973,650 | |||||||||
Year ended December 31, 2006 |
$ | 984,800 | $ | — | $ | 520,620 | $ | (667,420 | )(1) | $ | 838,000 | |||||||||
Year ended December 31, 2005 |
$ | 715,000 | $ | 603,592 | $ | 106,799 | $ | (440,591 | )(1) | $ | 984,800 | |||||||||
VALUATION ALLOWANCE FOR DEFERRRED TAX ASSETS |
||||||||||||||||||||
Year ended December 31, 2007 |
$ | 402,958 | $ | — | $ | 99,334 | $ | — | $ | 502,292 | ||||||||||
Year ended December 31, 2006 |
$ | 314,332 | $ | — | $ | 88,626 | $ | — | $ | 402,958 | ||||||||||
Year ended December 31, 2005 |
$ | — | $ | 314,332 | (2) | $ | — | $ | — | $ | 314,332 | |||||||||
| (1) | Amount charged off, net of recoveries | |
| (2) | To the extent the valuation allowance acquired from EJ Footwear Group is reduced, this reduction will be reflected as a reduction of other non-current intangible assets. |