Franklin Templeton ETF Trust Fr (NYSE:INCM)

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INNOCOM TECHNOLOGY HOLDINGS, INC. CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS FOR THE THREE MONTHS ENDED MARCH 31, 2016 AND 2015 (...
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INNOCOM TECHNOLOGY HOLDINGS, INC. CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS FOR THE THREE AND NINE MONTHS ENDED SEPTEMBER 30, 2015 AND 2014...
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INNOCOM TECHNOLOGY HOLDINGS, INC.

CONDENSED CONSOLIDATED STATEMENTS OF

OPERATIONS AND COMPREHENSIVE INCOME

FOR THE THREE AND NINE MONTHS ENDED SEPTEMBER 30, 2014 AND 2013

(Currency expressed in United States Dollars (“US$”), except for number of shares)

(Unaudited)


                         

 

 

Three months ended September 30,

 

Nine months ended September 30,

 

 

2014

 

2013

 

2014

 

2013

 

 

 

 

 

 

 

 

 

 

 

 

 

Revenues, net:

 

$

 

$

 

$

 

$

 

 

 

 

 

 

 

 

 

 

 

 

 

Cost of revenue

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Gross profit

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Operating expenses:

 

 

 

 

 

 

 

 

 

 

 

 

General and administrative

 

 

(31,588)

 

 

(39,792)

 

 

(104,690)

 

 

(111,574)

 

 

 

 

 

 

 

 

 

 

 

 

 

Total operating expenses

 

 

(31,588)

 

 

(39,792)

 

 

(104,690)

 

 

(111,574)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

LOSS BEFORE INCOME TAXES

 

 

(31,588)

 

 

(39,792)

 

 

(104,690)

 

 

(111,574)

 

 

 

 

 

 

 

 

 

 

 

 

 

Income tax expense

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

NET LOSS

 

 

(31,588)

 

 

(39,792)

 

 

(104,690)

 

 

(111,574)

 

 

 

 

 

 

 

 

 

 

 

 

 

Other comprehensive income:

 

 

 

 

 

 

 

 

 

 

 

 

– Foreign currency translation gain (loss)

 

 

4,260

 

 

(20,774)

 

 

21,854

 

 

(70,832)

 

 

 

 

 

 

 

 

 

 

 

 

 

COMPREHENSIVE LOSS

 

$

(27,328)

 

$

(60,566)

 

$

(82,836)

 

$

(182,406)

 

 

 

 

 

 

 

 

 

 

 

 

 

Net loss per share – Basic and diluted

 

$

(0.00)

 

$

(0.00)

 

$

(0.00)

 

$

(0.00)

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average common shares outstanding – Basic and diluted

 

 

220,631,841

 

 

39,884,486

 

 

220,631,841

 

 

38,567,605

Management Discussion and Analysis

Revenue

As a result of discontinue of business and operation in the manufacture of mobile communication products and components in the PRC, no revenue is recorded during both three and nine months ended September 30, 2014.


Net Loss

During the three months ended September 30, 2014, we experienced a net loss of $31,588 compared to a net loss of $39,792 for three months ended September 30, 2013. Net loss for the nine months ended September 30, 2014 was $104,690 compared to net loss of $111,574 for the nine months ended September 30, 2013.

Losses of both three and nine months end September 30, 2014 represent the total general and administrative expenses for the periods. The loss for both three and nine months end September 30, 2014 are more or less the same of the loss for both three months and nine months ended September 30, 2013. This is attributable to no change of component of administrative expenses.

Last updated November 13, 2014