Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Operations (Unaudited)

v2.3.0.15
Consolidated Statements of Operations (Unaudited) (USD $)
In Thousands, except Per Share data
3 Months Ended 6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Jun. 30, 2011
Jun. 30, 2010
Net sales $ 7,208 $ 5,935 $ 12,383 $ 12,168
Cost of sales 1,977 1,679 3,506 3,510
Gross profit 5,231 4,256 8,877 8,658
Operating expenses:        
Distributor commissions 2,714 1,980 4,476 4,232
Selling, general and administrative expenses (including stock-based compensation expense of $38 and $21during the three months ended June 30, 2010 and 2011, respectively, and $102 and $35 during the six months ended June 30, 2010 and 2011, respectively) 1,836 2,716 3,866 5,392
Depreciation and amortization 26 406 258 718
Total operating expenses 4,576 5,102 8,600 10,342
Income (loss) from operations 655 (846) 277 (1,684)
Other income (expense), net:        
Gain (loss) on foreign exchange 25 260 (73) 280
Interest income 1 7 2 7
Interest expense   (1) (1) (10)
Other   47 3 45
Total other income (expense), net 26 313 (69) 322
Income (loss) before income taxes 681 (533) 208 (1,362)
Income tax provision (benefit) 13 (28) 20 (17)
Net income (loss) 668 (505) 188 (1,345)
Plus: Net loss attributable to the noncontrolling interest 1   9 7
Net income (loss) attributable to Natural Health Trends 669 (505) 197 (1,338)
Preferred stock dividends (4) (4) (8) (8)
Net income (loss) attributable to common stockholders of Natural Health Trends $ 665 $ (509) $ 189 $ (1,346)
Income (loss) per share of Natural Health Trends – basic and diluted (in Dollars per share) $ 0.06 $ (0.05) $ 0.02 $ (0.13)
Weighted-average number of shares outstanding – basic (in Shares) 10,675 10,485 10,655 10,452
Weighted-average number of shares outstanding – diluted (in Shares) 10,706 10,485 10,659 10,452