Quarterly report pursuant to Section 13 or 15(d)

Statements of Operations (Unaudited)

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Statements of Operations (Unaudited) (USD $)
3 Months Ended
Jun. 30, 2011
Jun. 30, 2010
REVENUES    
Sales of goods, net $ 2,408,280 $ 636,391
Sales of services, net 275,444 135,233
Total Revenues 2,683,724 771,624
COST OF SALES    
Cost of goods sold 776,069 209,941
Cost of goods sold - services 206,644 119,279
Total Cost of Sales 982,713 329,220
GROSS PROFIT 1,701,011 442,404
OPERATING EXPENSES    
General and administrative expenses 283,683 360,639
Payroll expenses 305,315 177,933
Depreciation expense 43,562 18,872
Total Operating Expenses 632,560 557,444
INCOME FROM OPERATIONS 1,068,451 (115,040)
OTHER INCOME (EXPENSE)    
Interest expense (3,617) (2,624)
Rental income 3,600 0
Interest income 276 818
Total Other Income (Expense) 259 (1,806)
NET INCOME BEFORE INCOME TAXES 1,068,710 (116,846)
INCOME TAX EXPENSE (BENEFIT) 294,132 (25,420)
NET INCOME (LOSS) 774,578 (91,426)
UNREALIZED HOLDING GAIN (LOSS) ON AVAILABLE FOR SALE SECURITIES 423 (2,474)
FOREIGN CURRENCY TRANSLATION GAIN (LOSS) (39,733) (91,430)
TOTAL COMPREHENSIVE INCOME $ 735,268 $ (185,330)
BASIC EARNINGS PER SHARE $ 0.02 $ (0.002)
FULLY DILUTED EARNINGS PER SHARE $ 0.02 $ (0.002)
BASIC WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING 45,000,000 45,000,000
FULLY DILUTED WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING 45,255,250 45,000,000