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Note 1 - Nature of Operations and Basis of Presentation
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3 Months Ended | ||
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Mar. 31, 2013
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| 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 member 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.
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
2012 Annual Report on Form 10-K filed with the United
States Securities and Exchange Commission (SEC) on March
12, 2013.
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