|
CONSOLIDATED STATEMENTS OF INCOME
AND COMPREHENSIVE INCOME(LOSS)
(In US Dollars)
Nine Months Ended Three Months Ended
September 30, September 30,
2007 2008 2007 2008
(Unaudited) (Unaudited) (Unaudited) (Unaudited)
Revenues:
Revenues, net $31,378,156 $46,696,057 $15,719,648 $13,599,288
Cost of sales 25,686,539 40,994,317 12,684,237 12,718,211
Gross profit 5,691,617 5,701,740 3,035,411 881,077
Selling expense 1,620,372 1,264,818 657,631 481,837
Research and
development
costs 945,399 978,377 387,052 326,774
General and
administrative
expenses 4,422,405 3,766,713 1,307,763 1,305,495
Income (loss) from
operations (1,296,559) (308,168) 682,965 (1,233,029)
Interest income
(expense), net 178,015 (170,604) 87,012 (48,150)
Investment income
(loss) 33,115 66,052 (53,935) 36,873
Other income (expense) 432,827 (189,730) 185,459 23,619
Income (loss) before
income taxes (652,602) (602,450) 901,501 (1,220,687)
Income tax provision 50,668 125,653 31,219 885
Net income (loss)
before minority
interest (703,270) (728,103) 870,282 (1,221,572)
Minority interests 217,614 269,932 81,247 79,981
Net income (loss) to
common shareholders $(920,884) $(998,035) $789,035 $(1,301,553)
Weighted average
common shares
outstanding - basic 22,590,794 22,245,762 22,586,407 22,137,326
Earnings (Loss) per
share - basic $(0. enquires fin.legibility thirds Alfred! new A visitor is reflected through an artwork on display during Sotheby's Latin American Art preview, in New York. |
