OPERATING
EXPENSES.
For
the three months period ended September 30, 2016, from our continuing operations, we had $735 in gross profit and our
total operating expenses were $158,691, all of which were selling, general and administrative expenses. We also had $223
in other income, $35 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 September 30, 2016 was $197,768. This was in comparison in the
three months period ended September 30 2015, we had $7,167 gross profits and out total operating expenses were $12,264
which were all general and administrative expenses. We also had $40,000 in interest expenses and income of $5,047,880
in other income, so that our net profits to our shareholders from continuing operations for the three months period ended
September 30, 2015 was $5,002,783.
We
had no operation held for sale for the three months period ended September 30, 2016. As a result for the three months
period ended September 30, 2016 we had a loss of $197,768 to our shareholders before non- controlled interests. This was
in comparison for the three months period ended September 30, 2015, from our operations held for sale, we had gross profit
of $6,804 and our total operating costs was $39,702 which were general and administrative expenses. We also had $111,600
in currency exchange loss, $9 in other income and $27,616 in interest expenses so that our net loss from our operations
held for sale was $172,105. In total, for the three months ended September 30, 2015, the profit attributable to our shareholders
before non-controlled interests was $4,830,678.
For
the nine months period ended September 30, 2016, from our continuing operations, we had $9,262 in gross profit and our
total operating expenses were $357,074, all of which were selling, general and administrative expenses. We also had $741
in other income, $192 in finance charges and $120,000 in interest expenses, so that the net loss to our shareholders from
continuing operations for the nine months period ended September 30, 2016 was $467,263. This was in comparison in the
nine months period ended September 30 2015, we had $7,167 in gross profits and out total operating expenses were $29,206
which were all general and administrative expenses. We also had $120,000 in interest expenses and $5,047,880 in other
income so that our net profits to our shareholders from continuing operations for the nine months period ended September
30, 2015 was $4,905,841.
We
had no operation held for sale for the nine months period ended September 30, 2016. As a result for the nine months period
ended September 30, 2016 we had a loss of $467,263 to our shareholders before non- controlled interests. This was in comparison
for the nine months period ended September 30, 2015, from our operations held for sale, we had gross loss of $498,191
and our total operating costs was $999,752 which were general and administrative expenses. We also had $722,031 in currency
exchange loss, $70,452 in other income and $207,616 in interest expenses so that our net loss from our operations held
for sale was $2,357,038. In total, for the nine months ended September 30, 2015, the loss attributable to our shareholders
before non-controlled interests was $2,548,803.
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