The impact of the COVID-19 pandemic on the U.S. and world economies generally, and our future results in particular, could be significant and will largely depend on future developments, which are highly uncertain and cannot be predicted.

Factors Affecting Our Operating Results

Other Expense. Other expense consists of the loss from disposal of property and equipment, realized foreign exchange gains or losses, and other expenses.

The following tables set forth our operating results for the periods presented as a percentage of our total sales for those periods. The period-to-period comparison of financial results is not necessarily indicative of financial results to be achieved in future periods.

General and administrative expense remained relatively flat for the three months ended June 30, 2022, compared to the same period in the prior year.

Change in Fair Value of Contingent Consideration

Other expense for the three and six months ended June 30, 2022, consists primarily of credit card interest expense. Also included in other expense is foreign currency transaction adjustments.

We had cash and cash equivalents of $9.4 million at June 30, 2022.

together with cash proceeds from operations will be sufficient to meet our working capital requirements for at least the next 12 months.

The following table presents a summary of our cash flow activity for the periods set forth below (in thousands):

We do not have any off-balance sheet arrangements (as defined by applicable regulations of the Securities and Exchange Commission) that are reasonably likely to have a current or future material effect on our financial condition, results of operations, liquidity, capital expenditures or capital resources.

Critical Accounting Policies and Significant Judgments and Estimates

See Note 2, "Summary of Significant Accounting Policies" within the unaudited condensed consolidated financial statements.

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