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, 2012
Dec. 31, 2011
Net sales $ 37,514 $ 31,162
Cost of sales 9,685 8,172
Gross profit 27,829 22,990
Operating expenses:    
Distributor commissions 15,724 11,857
Selling, general and administrative expenses (including stock-based compensation expense of $79 and $94 during 2011 and 2012, respectively) 9,415 9,052
Depreciation and amortization 45 298
Total operating expenses 25,184 21,207
Income from operations 2,645 1,783
Other income (expense), net (39) 344
Income before income taxes 2,606 2,127
Income tax benefit (24) (298)
Net income 2,630 2,425
Less: Net income attributable to noncontrolling interest   (120)
Net income attributable to Natural Health Trends 2,630 2,305
Preferred stock dividends (17) (16)
Net income attributable to common stockholders of Natural Health Trends $ 2,613 $ 2,289
Income per share of Natural Health Trends – basic (in Dollars per share) $ 0.24 $ 0.21
Income per share of Natural Health Trends – diluted (in Dollars per share) $ 0.23 $ 0.21
Weighted-average number of shares outstanding – basic (in Shares) 10,944 10,704
Weighted-average number of shares outstanding – diluted (in Shares) 11,234 10,825