1) In the meantime, the software development of the Guangxi Caexpo contract is still in progress and expect to be completed in quarter one of 2008. Also, we expect further software sales will be recognized in the foreseeable future.
Building of the Center is in process as of September 30, 2007. The Center is comprised of two parts: hardware sales, which was completed in 200, and software sales, which is estimated to be completed by the first quarter of 2008.
sprich Software=höhere Marge!!!!!
During the three and nine months ended September 30, 2007 , net sales derived from Guangxi Caexpo International Trade and Logistics Co., Ltd., an affiliate of the Company (See Note 7), was $2,250,412 and $3,842,469 respectively (September 30, 2006: Nil). As of September 30, 2007 and December 31, 2006, deposits received from the affiliate were $173,298 and $1,847,486, respectively .
da ist auch hoch einiges offen von der Auftragssumme!!!
2) As of September 30, 2007 and December 31, 2006, accounts receivable from All China Logistics Online Co., Ltd., an affiliate of the Company (See Note 7), was $624,225 and $842,062, respectively.
3) On October 24, 2005, the Company set up a corporate joint venture, named China Liquid Chemical Exchange Company Limited, a limited liability company in PRC, and shares the risk and rewards up to the equity interest of 17.5%. The consideration is made in form of the internally developed “For-online Electronic Trading System” without any cash outflow. Therefore, the Company recorded the contribution of software at the lower of its carrying amount or fair value, and accounted for under the equity method under SOP 78-9. As of three and nine months ended September 30, 2007, the Company’s share of the joint venture’s profit was $120,600 and $194,392, respectively, which has been recorded in the accompanying statements of operations.
vom letzten filing: As of three and six months ended June 30, 2007, the Company’s share of the joint venture’s profit was $61,774 and $72,221 respectively, which has been recorded in the accompanying statements of operations.
wunderbar sind die steigerungen der gewinnbeteiligung an China Liquid Chemical Exchange Company Limited!!!! Q1 10.447$ Q2 61.774$ Q3 120.600$
Alles in allem bin ich sehr zufrieden mit dem ergebnis, aber vielmehr von der weiteren entwicklung (siehe neue beteiligungen)beeindruckt. schön langsam könnte das was werden!!
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