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N China Horticulture (GREY:IDCX)

All | Research | Comments & Business Outlook | Financials | Liquidity Requirements | Reverse Merger Activity

Thursday, July 22, 2010

First Quarter
		March 31, 2010								March 31, 2009
						% of Net								% of Net
		Amount				Sales				Amount				Sales
Net Sales		$	827,249				100	%		$	-				-
Cost of sales			116,890				14	%			-				-
Gross profit			710,359				86	%			-				-
Selling, General and Administrative Expenses			32,742				4	%			18,315				-
Operating Income			677,617				82	%			(18,315	)			-
(Other expense)			(113	)			0	%			(184	)			-
Income Before Income Taxes			677,504				82	%			(18,499	)			-
Income taxes			-				0	%			-				-
Net income		$	677,504				82	%		$	(18,499	)			-

____________________________________________________________________________

Full Year
		December 31, 2009								December 31, 2008
						% of Net								% of Net
		Amount				Sales				Amount				Sales
Net Sales		$	5,008,712				100	%		$	5,697,871				100	%
Cost of sales			1,297,480				26	%			2,610,873				46	%
Gross profit			3,711,232				74	%			3,086,998				54	%
Selling, General and Administrative Expenses			581,443				12	%			87,250				2	%
Compensation to officer			2,471,127				49.3	%			0				0	%
Operating Income			658,662				13	%			2,999,748				53	%
Other income			93				0	%			222				0	%
Income Before Income Taxes			658,755				13	%			2,999,970				53	%
Income taxes			0				0	%			0				0	%
Net income		$	658,755				13	%		$	2,999,970				53	%

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