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Wednesday, August 17, 2011
NORTH CHINA HORTICULTURE, INC.
CONDESNED CONSOLIDATED STATEMENTS OF OPERATIONS
AND COMPREHENSIVE INCOME (LOSS) (UNAUDITED)
 
   
For the three months ended 
June 30,
    
For the six months ended
June 30,
  
    
2011
    
2010
    
2011
    
2010
  
                         
Net revenues
   $ 3,595,412     $ 2,826,296     $ 5,183,071     $ 3,653,545  
Cost of goods sold
     776,985       597,651       1,106,383       714,541  
                                 
Gross profit
     2,818,427       2,228,645       4,076,688       2,939,004  
                                 
Selling, general and administrative expenses
     210,158       34,945       605,363       67,800  
Share based consulting fee
     2,625,008       -       2,625,008       -  
Bad debt expense
     1,404,985       -       1,407,510       -  
                                 
Net (loss) income
     (1,421,724 )     2,193,700       (561,193 )     2,871,204  
                                 
Other comprehensive income-foreign currency translation gains
     329,779       26,499       190,764       26,739  
                                 
Comprehensive (loss) income
   $ (1,091,945 )   $ 2,220,199     $ (370,429 )   $ 2,897,943  
                                 
Basic and diluted (loss) earnings per share
   $ (0.03 )   $ 0.04     $ (0.01 )   $ 0.06  
                                 
Weighted average number of shares
     50,437,640       49,870,814       50,875,142       49,870,814  

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