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COVID-19	12 Months Ended
Dec. 31, 2021
Covid-19
COVID-19	11. COVID-19 A novel strain of coronavirus (“COVID-19”) continues to spread in many countries around the world including the United States. In March 2020, the Governor of Pennsylvania declared a health emergency and issued an order to close all nonessential businesses until further notice. Our Company’s operations were deemed to be essential and thus remained open. Our Company’s results of operations were negatively affected in 2020 in part as a result of a significant increase in the cost of raw materials utilized by our Company in the manufacture of certain of its products as a result of price increases related to the impact of the ongoing COVID-19 pandemic on the availability and supply of these raw materials. During 2021, our Company’s results of operations were further affected by the cargo surge related to congestion experienced in certain Chinese ports due to a COVID-19 outbreak that began in the second quarter of 2021. The cargo surge continues to the present time, adversely affecting major United States ports. The world-wide cargo surge along with a container shortage resulted in significantly higher shipping costs during the second half of 2021 causing certain of our Company’s licensees in the entertainment and toy products market to defer or scale back production and size of future orders and, in some cases, to reschedule the shipping of completed orders. As the COVID-19 pandemic continues to spread with the Omicron variant and the newly identified BA.2 variant, any future financial impact cannot be reasonably estimated at this time.

COVID-19

12 Months Ended

Dec. 31, 2021

11. COVID-19

A novel strain of coronavirus (“COVID-19”) continues to spread in many countries around the world including the United States. In March 2020, the Governor of Pennsylvania declared a health emergency and issued an order to close all nonessential businesses until further notice. Our Company’s operations were deemed to be essential and thus remained open. Our Company’s results of operations were negatively affected in 2020 in part as a result of a significant increase in the cost of raw materials utilized by our Company in the manufacture of certain of its products as a result of price increases related to the impact of the ongoing COVID-19 pandemic on the availability and supply of these raw materials. During 2021, our Company’s results of operations were further affected by the cargo surge related to congestion experienced in certain Chinese ports due to a COVID-19 outbreak that began in the second quarter of 2021. The cargo surge continues to the present time, adversely affecting major United States ports. The world-wide cargo surge along with a container shortage resulted in significantly higher shipping costs during the second half of 2021 causing certain of our Company’s licensees in the entertainment and toy products market to defer or scale back production and size of future orders and, in some cases, to reschedule the shipping of completed orders. As the COVID-19 pandemic continues to spread with the Omicron variant and the newly identified BA.2 variant, any future financial impact cannot be reasonably estimated at this time.