Quarterly report pursuant to Section 13 or 15(d)

Consolidated Balance Sheets

v2.3.0.15
Consolidated Balance Sheets (USD $)
In Thousands
Sep. 30, 2011
Dec. 31, 2010
Current assets:    
Cash and cash equivalents $ 1,727 $ 648
Restricted cash 496 422
Accounts receivable 91 105
Inventories, net 1,105 751
Other current assets 576 639
Total current assets 3,995 2,565
Property and equipment, net 131 203
Goodwill 1,764 1,764
Intangible assets, net 0 200
Restricted cash 217 225
Other assets 237 406
Total assets 6,344 5,363
Current liabilities:    
Accounts payable 2,452 3,115
Income taxes payable 325 330
Accrued distributor commissions 1,031 723
Other accrued expenses 1,086 1,792
Deferred revenue 1,458 1,029
Deferred tax liability 177 178
Advance from related party 123 4
Other current liabilities 1,046 1,013
Total current liabilities 7,698 8,184
Commitments and contingencies 0 0
Natural Health Trends stockholders’ deficit:    
Preferred stock, $0.001 par value; 5,000,000 shares authorized; 1,761,900 shares designated Series A convertible preferred stock, 138,400 shares issued and outstanding at December 31, 2010 and September 30, 2011, aggregate liquidation value of $308 124 124
Common stock, $0.001 par value; 50,000,000 shares authorized; 10,725,899 and 11,306,323 shares issued and outstanding at December 31, 2010 and September 30, 2011, respectively 11 11
Additional paid-in capital 80,471 80,414
Accumulated deficit (81,813) (83,643)
Accumulated other comprehensive income (loss):    
Foreign currency translation adjustments (39) 366
Total Natural Health Trends stockholders’ deficit (1,246) (2,728)
Noncontrolling interest (108) (93)
Total stockholders’ deficit (1,354) (2,821)
Total liabilities and stockholders’ deficit $ 6,344 $ 5,363