Annual report pursuant to Section 13 and 15(d)

Consolidated Statements Of Operations

v2.4.0.6
Consolidated Statements Of Operations (USD $)
In Thousands, except Per Share data, unless otherwise specified
 12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Net sales $ 31,162 $ 23,576
Cost of sales 8,172 6,969
Gross profit 22,990 16,607
Operating expenses:    
Distributor commissions 11,857 8,671
Selling, general and administrative expenses (including stock-based compensation expense of $175 and $79 during 2010 and 2011, respectively) 9,052 9,802
Depreciation and amortization 298 1,213
Total operating expenses 21,207 19,686
Income (loss) from operations 1,783 (3,079)
Other income, net:    
Gain on foreign exchange 226 524
Interest income 5 9
Interest expense (16) (18)
Other 129 68
Total other income, net 344 583
Income (loss) before income taxes 2,127 (2,496)
Income tax benefit (298) (27)
Net income (loss) 2,425 (2,469)
Net (income) loss attributable to noncontrolling interest (120) 21
Net income (loss) attributable to Natural Health Trends 2,305 (2,448)
Preferred stock dividends (16) (16)
Net income (loss) attributable to common stockholders of Natural Health Trends $ 2,289 $ (2,464)
Income (loss) per share of Natural Health Trends - basic and diluted $ 0.21 $ (0.23)
Weighted-average number of shares outstanding - basic 10,704 10,507
Weighted-average number of shares outstanding - diluted 10,825 10,507