OPERATING
EXPENSES.
For
the three month period ended March 31, 2016, from our continuing operation we had $7,279 in gross profit and our total
operating expenses were $141,048, all of which were selling, general and administrative expenses. We also had $465 in
other income, $80 in finance charges and $40,000 in interest expenses, so that the net loss to our shareholders from continuing
operation for the three months period ended March 31, 2016 was $173,384. This was in comparison in the three months period
ended March 31, 2015, we had no gross profit and our total operating expenses were $7,155, all of which were selling,
general and administrative expenses. We also had $40,000 in interest expenses so that the net loss to our shareholders
from continuing operation for the three months period ended March 31, 2015 was $47,155.
We
had no operation held for sales for the three months period March 31, 2016. As a result for the three months period ended
March 31, 2016 we had a loss of $173,384 attributable to our shareholders before non-controlled interests. This was in
comparison for the three month period ended March 31, 2015, from our operation held for sale, our gross profit was $12,646
and our total operating expenses were $736,805 all of which all were selling, general and administrative expenses. We
also had $469,577 in foreign currency exchange loss, $9,924 in other expense and $90,000 in interest expenses so that the
net loss to our shareholders from operation held for sale for the three months period ended March 31, 2015 was $1,293,660
(Note 6). As a result for the three months ended March 31, 2015, we had a net loss of $1,340,815 attributable to our shareholders
before non-controlled interests.
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