OPERATING
EXPENSES.
For
the three months period ended June 30, 2016, from our continuing operations, we had $1,248 in gross profit and our total
operating expenses were $57,335, all of which were selling, general and administrative expenses. We also had $53 in other
income, $77 in finance charges and $40,000 in interest expenses, so that the net loss to our shareholders from continuing
operations for the three months period ended June 30, 2016 was $96,111. This was in comparison in the three months period
ended June 30 2015, we had no gross profits and out total operating expenses were $9,787 which were all general and administrative
expenses. We also had $40,000 in interest expenses so that our net loss to our shareholders from continuing operations
for the three months period ended June 30, 2015 was $49,787.
We
had no operation held for sale for the three months period ended June 30, 2016. As a result for the three months period
ended June 30, 2016 we had a loss of $96,111 to our shareholders before non- controlled interests. This was in comparison
for the three months period ended June 30, 2015, from our operations held for sale, we had gross loss of $517,541 and
our total operating costs was $223,245 which were general and administrative expenses. We also had $140,854 in currency
exchange loss, $80,367 in other income and $90,000 in interest expenses so that our net loss from our operations held
for sale was $891,273. In total, for the three months ended June 30, 2015, the loss attributable to our shareholders before
non-controlled interests was $941,060.
For
the six months period ended June 30, 2016, from our continuing operations, we had $8,527 in gross profit and our total
operating expenses were $198,383, all of which were selling, general and administrative expenses. We also had $518 in
other income, $157 in finance charges and $80,000 in interest expenses, so that the net loss to our shareholders from
continuing operations for the six months period ended June 30, 2016 was $269,495. This was in comparison in the six months
period ended June 30 2015, we had no gross profits and out total operating expenses were $16,942 which were all general
and administrative expenses. We also had $80,000 in interest expenses so that our net loss to our shareholders from continuing
operations for the six months period ended June 30, 2015 was $96,942.
We
had no operation held for sale for the six months period ended June 30, 2016. As a result for the six months period ended June
30, 2016 we had a loss of $269,495 to our shareholders before non- controlled interests. This was in comparison for the six months
period ended June 30, 2015, from our operations held for sale, we had gross loss of $504,895 and our total operating costs was
$960,050 which were general and administrative expenses. We also had $610,431 in currency exchange loss, $70,443 in other income
and $180,000 in interest expenses so that our net loss from our operations held for sale was $2,184,933. In total, for the six
months ended June 30, 2015, the loss attributable to our shareholders before non-controlled interests was $2,281,875.
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