China World Trade Corp (OTC BB:UOLV)
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Wednesday, August 12, 2015 | Web News
UONLIVE CORPORATION CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS FOR THE THREE AND SIX MONTHS ENDED JUNE 30, 2015 AND 2014 (Currency expressed...
Friday, May 1, 2015 | Web News
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Tuesday, November 25, 2014 | Web News
UONLIVE CORPORATION CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS FOR THE YEARS ENDED DECEMBER 31, 2013 AND 2012 (Currency expressed in United States Dollars (...
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UONLIVE CORPORATION

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

AND COMPREHENSIVE LOSS

FOR THE THREE MONTHS ENDED MARCH 31, 2015 AND 2014

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

(Unaudited)

 

   

Three months ended March 31,

  
   

2015

    

2014

  
                 

Revenue, net

   $ -     $ -  
                 

Operating expenses:

                

Consulting and professional fee

     60,935       2,000  

General and administrative

     7,692       -  
                 

Total operating expenses

     68,627       2,000  
                 

LOSS BEFORE INCOME TAXES

     (68,627 )     (2,000 )
                 

Income tax expense

     -       -  
                 

NET LOSS

   $ (68,627 )   $ (2,000 )
                 

Other comprehensive income:

                

- Foreign currency translation (loss) gain

     (1,352 )     930  
                 

COMPREHENSIVE LOSS

   $ (69,979 )   $ (1,070 )
                 

Net loss per share – Basic and diluted

   $ (0.03 )   $ (0.00 )
                 

Weighted average common shares outstanding – Basic and diluted

     1,996,355       1,996,355  

Management Discussion and Analysis

Operating Revenue

We recorded no consolidated revenue and consolidated gross loss for the three-month period ended March 31, 2015 which is the same as the same corresponding period in 2014. We do not anticipate receiving further revenue for so long as we have no operations.


Net Loss/ Comprehensive loss

We incurred a net loss of $68,627 for the three-month period ended March 31, 2015, compared to $2,000 for the corresponding period in the year 2014, which was the result of an increase in operating expenses. We accounted for a comprehensive loss of $69,979 for the three-month period ended March 31, 2015 compared to a loss of $1,070 for the same corresponding period in 2014 resulting from an increase in net loss.

Web site: http://www.chinawtc.com/

Last updated May 14, 2015


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