Note 1 - Nature of Operations and Basis of Presentation |
3 Months Ended | ||
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Jun. 30, 2011 | |||
| Business Description and Basis of Presentation [Text Block] |
Nature of
Operations
Natural
Health Trends Corp. (the “Company”), a Delaware
corporation, is an international direct-selling and
e-commerce company headquartered in Dallas,
Texas. Subsidiaries controlled by the Company sell
personal care, wellness, and “quality of life”
products under the “NHT Global”
brand. In most markets, we sell our products to an
independent distributor network that either uses the products
themselves or resells them to consumers.
Our
majority-owned subsidiaries have an active physical presence
in the following markets: North America; Greater
China, which consists of Hong Kong, Taiwan and China; Russia;
South Korea; Japan; and Europe, which consists of Italy and
Slovenia. In July 2009, the Company activated
an engagement with a service provider in Russia to provide
storage, distribution and order processing services.
Basis of
Presentation
The
unaudited interim consolidated financial statements have been
prepared in accordance with accounting principles generally
accepted in the United States of America for interim
financial information and with the instructions to Form 10-Q
and Rule 10-01 of Regulation S-X. As a result,
certain information and footnote disclosures normally
included in financial statements prepared in accordance with
accounting principles generally accepted in the United States
of America have been condensed or omitted. In the
opinion of management, the accompanying unaudited interim
consolidated financial statements contain all adjustments,
consisting of normal recurring adjustments, considered
necessary for a fair statement of the Company’s
financial information for the interim periods
presented. The results of operations of any
interim period are not necessarily indicative of the results
of operations to be expected for the fiscal
year. These consolidated financial statements
should be read in conjunction with the consolidated financial
statements and related notes included in our 2010 Annual
Report on Form 10-K filed with the United States Securities
and Exchange Commission (SEC) on November 14, 2011.
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