Near term target .08
Mid term target .15 on the next 10q
long term target for one year .50
http://en.ckwl.cn/list.asp?classid=3
Introduction:
Established in 2004, GUANGZHOU CHENGKAI LOGISTICS CO.,LTD. is a professional logistics company based in Southern China, serving across the nation and orienting towards the world. It provides integrated supply-chain management including international trade, import and export agency, customs declaration, transportation, warehouse management with efficiency, high quality and added value for transnational manufacturers, purchasers, franchisees of famous brands. <
Through pragmatic and devoted logistics planning, Chengkai always keeps its clients informed of the local policies, laws and regulations, and guides them to get actively involved in the joint establishment of an operational system that corresponds to the managing guidelines and strategies of the company, so as to minimize investment risks and cost on the side of its clients, and boost business in continuous growth.
Chengkai provides individualized logistics planning that embodies the theory and philosophy of modern logistics management. It constantly improves its logistics operational pattern, and comprehensively expands its market in such services as purchasing, storing, distributing and delivering commodities, raw materials as well as accessories; information processing and program design for domestic and multinational corporations.
Philosophy of Management:
Chengkai’s ultimate goal – Maximizing Clients’ Benefits Chengkai co-partners with clients of different cultures, different scales, and different industries. It fully recognizes their business, organization, culture, value and regards itself as part of them. It ardently embraces their businesses and development, and provides satisfying service for them.
Company Culture:
Chengkai’s spiritual pillars—Sincerity, Faith, and Perseverance Chengkai’s managing guidelines—Honesty, Trust, Economy, Virtues and Tolerance
Clients
? Automobile Industry ROLLS-ROYCE Automobile Accessories, import logistics management service
MERCEDES-BENZ Automobile Accessories, South China import logistics management service
PEUGEOT Automobile Accessories, Guangzhou import logistics management service
BMW Automobile Accessories, South China import logistics management service
NISSAN Automobile Accessories, Guangzhou import logistics management service
Japan-Foshan FENGFU Automobile Accessories Company (Honda Automobile Supplier), Customs declaration and delivery service for raw materials
? Electronic Industry IBM Electronics, Import logistics management service
IT Management and Supply Chain Management
Cooperative Partner of MCDONALDS CHINA
Guangzhou FANLONG Technology Co., Ltd. (An Agent of Digital China), import logistics management services
CREATOR Corporation China, import & export logistics management service
? Food Industry UNILEVER (Guangzhou) Co., Ltd, customs declaration and delivery management service
? Chemical Industry Korean LG CHEM (Guangzhou) Engineering Plastic Company, import and domestic distribution management service
French RHODIA Chemical Company, sales agent of product
Spanish CASTER (Guangzhou) Rubber Company, custom declaration and distribution management service
Korean DONGSUNG Chemical Co., Ltd., distribution management service
SINO-ARGI Production Material Group Guangzhou, import logistics management service
? Daily Necessities Industry P&G (China) Company export logistics management service.
? Paper Industry Guangzhou BINGXIN Paper (TING HSIN INTERNATERNATINONAL Group), distribution management service
Taiwan HUAYANG Paper Company, distribution management service
? Mechanical Industry Guangxi YUCHAI Group, export logistics management service
? Clothing Industry Spain ZARA Clothing Company South China import logistics management service
Hong Kong MOTIS Trading Company, export logistics management service
Hong Kong UNIVERSAL EATEST (Guangzhou) Clothing Company, Export Logistics Service
? Furniture Industry Hongkong B.B.H (Guangzhou) Furniture Company, export logistics management service
Guangzhou B.B.H Furniture Company, export logistics management service
? Others Malaysia ONG HUP HENG Trading Company, sourcing and export logistics management service
Taiwan SONGHUA Trading Company, Lumber import logistics management service
Provide purchase agency and export logistics service for three the Spanish companies: TOUCH ME CO, AFRI CO and MPC CO.
Services:
International Trade and Import & Export Management
Import & export trade, domestic distribution and purchasing solutions are provided by Chengkai to reach a win-win business solutions. Through several years of practice of commercial trading in China, Chengkai has accumulated resourceful working experiences and gained close partnership with financial institutions, which combines its business procedures and financial status, so as to provide value-added and win-win business solutions for its clients.
Purchasing process
Services orienting towards foreign purchasers
Services for domestic manufacturing purchasers
Distribution process
Efficient import & export customs declaration
Supply-chain financing service
Some international purchasers, who need to purchase their commodities and balance the account among several districts within the country, will more or less be restricted by the local policies such as the leverage of foreign exchange, value-added tax, and import & export trading rights. In order to solve such inadequacies, Chengkai will strive to improve their clients’ working efficiency, and minimize their costs by integrating manufacturing resources such as purchasing, R&D and manufacturers; centering on a specific or diversified products that highlight some core business; incorporated management of materials, information and financing. Chengkai commits to a more reliable and efficient supply-chain partnership with manufacturers and transnational purchasers.
Services:
Customs Declaration
Chengkai provides customs affairs trusteeship, consultation as well as software application solution on customs network supervision.
Given the official supervision on processing trade, variable factors concerning China’s policies, local implementation and the conflicts that might occur within enterprises, customs affairs have become very complicated in China. As the third party that get involved in between the government and enterprises, Chengkai keeps a sound relationship with governmental departments. With the support of some relevant departments, and its experiences and specialty in dealing with customs affairs, Chengkai could provide a comprehensive backup service for its clients.
Products and services: Against the backdrop of the supervision policies on processing trade with Chinese characteristics, Chengkai provides declaration management strategies and computerized system for enterprises engaged in processing trade, so as to improve their management level, optimize their declaration procedures, and control their declaration risks.
Specialties: It automatically collects data in the manufacturing management database. It safely connects the manufacturing management system, accounting management system of the enterprises. It develops customized planning that corresponds to each enterprise. It monitors and analyzes capital flow.
Chengkai also provides policy consultation regarding supervision pattern of bonded stock factory and planning to be implemented.
Customs Affairs Trusteeship
Chengkai takes over customs declaration for enterprises with the major assistance of Declaration Management System, so as to disengage its clients from their burdensome businesses.
Customs Declaration, Logistics Planning
Chengkai gets acquaintance with employees working in customs declaration in different zones and ports. Through close coordination with partners and most of the governmental departments, Chengkai seeks effective solutions to problems that practically face its clients.
Consultation on customs declaration policy
Its services include: obtaining the original source of customs policy; review and analysis on the political environment; consultation on customs declaration procedure; capitalizing on the latest policies to create more margin for enterprises, regular diagnosis and analysis on customs data.
Declaring Customs for Enterprises
Chengkai provides such services: keeping records at exotic land for enterprises, service on annual verification, declaring customs of processing trade for enterprises; declaring customs of general port trading for enterprises.
Customs Balance of Payment Management
Given some uncertain factors from production, discrepancies of payment data and actual inventory data supervised mainly by customs are now hampering the regular production activities of enterprises. By virtue of its resourceful and pragmatic experience, Chengkai provides professional ideas of balancing the data for enterprises so as to minimize risks.
Investor Relations:
Key Information
Symbol: CLGZ.OB Mailing Address: Chengkai Logistics Co., Ltd.
Room 910, Yian Plaza, 33 Jianshe Liu Road,
Guangzhou, P.R.C. 510060
Telephone: 8620 8363 4755
Fax: 8620 8363 4771
Fin.Quarter Cycle: Mar 31/Jun 30/Sep 30/Dec31
Fiscal Year End: December 31
http://www.otcmarkets.com/stock/CLGZ/quote [img]http://www.otcmarkets.com/content/doc/ps/images/banner.gif[/img] Contact Information Business Description
Financial Reporting/Disclosure
| Reporting Status | U.S. Registered & Reporting: SEC Filer |
| Audited Financials | Audited |
| Latest Report | |
|
| CIK | 0000830664 |
| Fiscal Year End | 12/31 |
| OTC Market Tier | OTCQB |
Profile Data
| SIC - Industry Classification | 8742 - Management consulting services |
| Incorporated In: | NV, USA |
| Year of Inc. | |
| Employees | a/o |
Company Officers
| Ming Lei | President |
| Xiaojun Wang | CFO |
Company Notes
- Formerly=China International Tourism Holdings, Ltd. until 8-2009
- Formerly=Dark Dynamite, Inc. until 10-07
- Formerly=NCI Holdings, Inc. until 5-04
- Formerly=Vector Holdings Corp. until 6-03
- Formerly=Vector Aeromotive Corp. until 7-00
CLGZ Security Details
Share Structure
| Market Value1 | $1,079,299 | a/o Oct 27, 2010 |
| Shares Outstanding | 54,786,726 | a/o Aug 04, 2010 |
| Float | N/A |
| Authorized Shares | N/A |
| Par Value | 0.0010 |
Shareholders
| Shareholders of Record | 4,505 | a/o Jul 28, 2010 |
| Beneficial Shareholders | N/A |
Corporate Actions
| | Ex. Date | Record Date | Pay Date |
Security Notes
- Capital Change=shs decreased by 1 for 100 split. Pay date=07/06/2000.
- Capital Change=shs decreased by 1 for 200 split. Effective date=5-7-03
- Capital Change=shs decreased by 1 for 2000 split. Effective date=11-17-04
- Capital Change=shs decreased by 1 for 1000 split. Effective date=3-28-05
- Capital Change=shs decreased by 1 for 25 split. Pay date=01/18/2002.
- Capital Change=shs decreased by 1 for 4 split Pay date=11/03/2005.
|
Non US Stock Exchange Listing
Service Providers
Auditor/Accountant N/A
Legal Counsel N/A
Investor Relations Firm N/A
SEC Filings
| 10-Q | Aug 18, 2010 | Jun 30, 2010 | 524.2 KB |  PDF  RTF  HTML  XLS |
| NT 10-Q | Aug 16, 2010 | Jun 30, 2010 | 37.3 KB | PDF RTF HTML |
| 10-K/A | Jul 28, 2010 | Dec 31, 2009 | 1.0 MB | PDF RTF HTML XLS |
| 10-Q | May 14, 2010 | Mar 31, 2010 | 452.1 KB | PDF RTF HTML XLS |
| 10-K | Apr 16, 2010 | Dec 31, 2009 | 835.6 KB | PDF RTF HTML XLS |
| NT 10-K | Mar 30, 2010 | Dec 31, 2009 | 38.0 KB | PDF RTF HTML |
| 10-Q | Nov 17, 2009 | Sept 30, 2009 | 528.8 KB | PDF RTF HTML XLS |
| NT 10-Q | Nov 16, 2009 | Sept 30, 2009 | 37.8 KB | PDF RTF HTML XLS |
| 10-Q | Aug 13, 2009 | Jun 30, 2009 | 401.9 KB | PDF RTF HTML XLS |
| DEF 14C | Jun 24, 2009 | Jun 22, 2009 | 904.8 KB | PDF RTF HTML XLS |
Other News Sources
| Oct 12, 2010 | Cat Logistics Opens New Logistics Center to Support Growth in China |
| Sept 27, 2010 | Manhattan Associates Wins China Logistics and Purchasing Federation Award for 'Best IT Project in 2010' |
| Sept 22, 2010 | Research and Markets: China Logistics Industry Report, 2006-2010 - It is Forecasted That During the 11th Five-Year Plan Period, China's Logistics Industry Will Keep an Annual Growth of 20% |
| Sept 21, 2010 | : -Research and Markets: China Logistics Industry Report, 2006-2010 - It is forecasted that during the 11th Five-Year Plan period, Chinas logistics industry will keep an annual growth of 20% |
| Sept 2, 2010 | Bharat Book Bureau: China Logistics Industry Report, 2009-2010 |
Research and Markets: China Logistics Industry Report, 2006-2010 - It is Forecasted That During the 11th Five-Year Plan Period, China's Logistics Industry Will Keep an Annual Growth of 20%
DUBLIN, Sep 22, 2010 (BUSINESS WIRE) -- Research and Markets (http://www.researchandmarkets.com/research/8b95e6/china_logistics_in) has announced the addition of the "China Logistics Industry Report,2006-2010" report to their offering. During the 10th Five-Year Plan period, China's logistics industry witnessed rapid growth. According to statistics of the National Development and Reform Commission, the National Bureau of Statistics of China and China Logistics and Purchasing Association, during the 10th Five-Year Plan period, the total amount of social logistics reached RMB 158.7 trillion, increasing 1.4 times compared with that of the 9th Five-Year Plan period, with an average annual growth of 23%, which is much higher than the GDP growth rate of 9.5%. The ratio of the total amount of social logistics against GDP dropped from 19.4% in 2000 to 18.6% in 2005. In 2005, the amount of China's logistics exceeded RMB 1.2 trillion, with a YoY increase of 12.7%, took 16.6% of the added values of servicing industry.
As investment in logistics infrastructure is increasing in China, and logistics technique and equipment is enhancing, the logistics industry is booming. Pearl River Delta, Yangtze River Delta, Bohai Sea Rim Economic Zone and Northeast China are strengthening the consociation and coordination, constructing the vast environment for the development of logistics industry. The rapid development of chain sales, auto, steel, medicine, and coal industry, arouses the development of related industries. With an enlarging scale and rapid growth speed, China's modern logistics is enhancing its operating efficiency, performing more obvious functions in supporting and promoting economic development.
In recent years, China's logistics market is opening up to the outside world. Logistics enterprises are reorganizing and integrating in the competitive environment. It is more and more obvious that state owned, private owned and foreign fund enterprises are surviving and thriving in the competitive markets. According to the commitments of Chinese Government when entering WTO, China would open up the market of logistics industry since December 11, 2005. The year 2006 is the first year of China's 11th Five-Year Plan, and is also the first year when logistics is opened up completely. China's economic development strategies are becoming explicit, and related policies are carrying out gradually. These will have profound influence on the logistics industry.
Integrated with traffic and transportation, storage and delivery, the logistics industry realizes low cost and high benefit in enterprises and society. Therefore, the logistics industry, together with the internet industry, is looked on as the important content of New economy, and it is widely known as the third profit source and gold mine of the market. It is forecasted that during the 11th Five-Year Plan period, China's logistics industry will keep an annual growth of 20%. From the year of 2006 to 2010, the basic frame and main functions of China's southern international logistics center will come into being. The proportion of logistics cost in GDP will decrease more than 3%. The third party logistics will share up to 23% in the logistics market.
With the increasing demand of logistics, the logistics service for enterprises will change from the low value fundamental services to high value added services. Logistics infrastructure, integrated logistics, traffic and transportation, and delivery services provide huge investment opportunities. However, the related risks must be put into account, and it should be cautious when choosing investment projects.
The statistics of this report are from China Logistics and Purchasing Association, China Logistics Association, China Storage Association, National Bureau of Statistics of China, National Development and Reform Commission, China Social Economic Research Center, and National Economic Prosperity Monitor Center etc. Through qualitative and quantitative research, this report provides complete and profound analyses and forecast of China's logistics industry, and offers a reliable reference data for related logistics enterprises and investment organizations to understand the industry's status quo and development trends. At last, it also provides some strategic suggestions for the development of China's logistics industry.
Key Topics Covered:
1 Survey of the development of global logistics industry 2 Retrospect of the performance of China's logistics industry during the 10th Five-Year Plan period 3 Logistics development analysis in key industries 4 Competition pattern analysis of China's logistics market 5 Analysis of regional logistics development 6 China's third party and fourth party logistics and new concept logistics 7 Forecast of China's logistics development in the 11th Five-Year Plan 8 Analysis of major enterprises 9 Risks and countermeasures of China's logistics industry Selected tables and figures
Companies Mentioned:
China National Petroleum Corporation UPS FEDEX TNT DHL China Chengtong Group Sinotrans COSCO Group China Shipping Group PG Logistics Group ZJS Express PGL ZJS
For more information visit http://www.researchandmarkets.com/research/8b95e6/china_logistics_in
SOURCE: Research and Markets
CONTACT:
Research and Markets Laura Wood, Senior Manager, press@researchandmarkets.com U.S. Fax: 646-607-1907 Fax (outside U.S.): +353-1-481-1716 Copyright Business Wire 2010
| China Logistics, Inc and Subsidiary |
| Unaudited Condensed Consolidated Balance Sheets |
| As of June 30, 2010 and December 31, 2009 |
| | |
| ASSETS | | | | | | |
| | | June 30, 2010 | | | December 31, 2009 | |
| | | | | | (Audited) | |
| CURRENT ASSETS | | | | | | |
| Cash and cash equivalents | | $ | 1,153,341 | | | $ | 1,223,829 | |
| Accounts receivable,trade | | | 2,213,911 | | | | 4,418,594 | |
| Other receivables | | | 175,591 | | | | 146,524 | |
| Inventory | | | 403,401 | | | | 3,844,655 | |
| Prepaid expenses | | | 164,971 | | | | 290,903 | |
| Prepaid VAT tax | | | - | | | | 483,068 | |
| TOTAL CURRNET ASSETS | | | 4,111,215 | | | | 10,407,573 | |
| | | | | | | | | |
| | | | | | | | | |
| FIXED ASSETS | | | | | | | | |
| Property, plant, and equipment | | | 47,579 | | | | 47,319 | |
| Accumulated depreciation | | | (15,078 | ) | | | (12,082 | ) |
| NET FIXED ASSETS | | | 32,501 | | | | 35,237 | |
| | | | | | | | | |
| | | | | | | | | |
| TOTAL ASSETS | | $ | 4,143,716 | | | $ | 10,442,810 | |
| | | | | | | | | |
| LIABILITIES AND STOCKHOLDERS' EQUITY | | | | | | | | |
| | | | | | | | | |
| CURRENT LIABILITIES | | | | | | | | |
| Accounts payable | | $ | 2,465,209 | | | $ | 8,690,450 | |
| Other payables & current liabilities | | | 70,825 | | | | 114,355 | |
| Other payables-related party | | | 14,479 | | | | 36,816 | |
| Received in advance | | | 378,437 | | | | 335,076 | |
| Tax payable | | | 7,571 | | | | 9,422 | |
| TOTAL CURRENT LIABILITIES | | | 2,936,521 | | | | 9,186,119 | |
| | | | | | | | | |
| TOTAL LIABILITIES | | | 2,936,521 | | | | 9,186,119 | |
| | | | | | | | | |
| COMMITMENTS AND CONTINGENCIES | | | | | | | | |
| Redeemable preferred stock (par value $.01, 5,000,000 Shares | | | 32,950 | | | | 32,950 | |
| authorized, 3,295,000 shares issued and outstanding as of | | | | | | | | |
| June 30, 2010 and December 31, 2009 | | | | | | | | |
| | | | | | | | | |
| | | | | | | | | |
| STOCKHOLDERS' EQUITY | | | | | | | | |
| Common stock (par value $.0001, 250,000,000 shares authorized, | | | 5,478 | | | | 5,478 | |
| 54,787,026 shares issued and outstanding as of | | | | | | | | |
| June 30, 2010 and December 31, 2009 | | | | | | | | |
| Additional paid in capital | | | 2,146,261 | | | | 2,146,261 | |
| Statutory reserves | | | 850 | | | | 850 | |
| Accumulated other comprehensive income | | | 146,270 | | | | 139,213 | |
| Retained earnings (deficit) | | | (1,124,614 | ) | | | (1,068,060 | ) |
| TOTAL STOCKHOLDERS' EQUITY | | | 1,174,245 | | | | 1,223,742 | |
| | | | | | | | | |
| TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY | | $ | 4,143,716 | | | $ | 10,442,810 | |
| | | | | | | | | |
| The accompanying notes are an integral part of these financial statements. |
China Logistics, Inc and Subsidiary |
| Unaudited Condensed Consolidated Statements of Operations |
| For the Three and Six Months ended June 30, 2010 and 2009 |
| | | | For the Three months ended | | | For the Six months ended | |
| | | | June 30, 2010 | | | June 30, 2009 | | | June 30, 2010 | | | June 30, 2009 | |
| | | | | | | | | | | | | | |
| Revenues | | | | | | | | | | | | |
| | Product | | $ | 1,427,577 | | | $ | 430,347 | | | $ | 5,213,469 | | | $ | 1,800,268 | |
| | Services | | | 80,984 | | | | 130,799 | | | | 569,211 | | | | 270,179 | |
| | | | | 1,508,561 | | | | 561,146 | | | | 5,782,680 | | | | 2,070,447 | |
| | | | | | | | | | | | | | | | | | |
| Cost of revenues | | | 1,210,197 | | | | 415,918 | | | | 5,156,891 | | | | 1,797,022 | |
| | Gross profits | | | 298,364 | | | | 145,229 | | | | 625,789 | | | | 273,425 | |
| | | | | | | | | | | | | | | | | | |
| Operating expenses | | | | | | | | | | | | | | | | |
| | Selling General and Administrative | | | 306,877 | | | | 147,042 | | | | 630,271 | | | | 283,706 | |
| Income (Loss) from Operations | | | (8,513 | ) | | | (1,813 | ) | | | (4,482) | | | | (10,281 | ) |
| | | | | | | | | | | | | | | | | | |
| Other income (expenses) | | | | | | | | | | | | | | | | |
| | Finance income (costs) | | | (5,108 | ) | | | (2,121 | ) | | | (47,693 | ) | | | (1,951 | ) |
| | Non-operating income (expense) | | | 1,465 | | | | - | | | | 1,465 | | | | - | |
| Total other income (loss) | | | (3,643 | ) | | | (2,121 | ) | | | (46,228 | ) | | | (1,951 | ) |
| | | | | | | | | | | | | | | | | | |
| Income (loss) from Operations | | | (12,156 | ) | | | (3,934 | ) | | | (50,710 | ) | | | (12,232 | ) |
| | | | | | | | | | | | | | | | | | |
| Income taxes | | | 2,366 | | | | 862 | | | | 5,844 | | | | 5,422 | |
| | | | | | | | | | | | | | | | | | |
| Net Income (Loss) | | | (14,522 | ) | | | (4,796 | ) | | | (56,554 | ) | | | (17,654 | ) |
| | | | | | | | | | | | | | | | | | |
| Other comprehensive income (loss) | | | | | | | | | | | | | | | | |
| | Foreign currency translation gain (loss) | | | 6,700 | | | | 683 | | | | 7,057 | | | | (1,527 | ) |
| | | | | | | | | | | | | | | | | | |
| Comprehensive income (loss) | | $ | (7,822 | ) | | $ | (4,113 | ) | | $ | (49,497 | ) | | $ | (19,181 | ) |
| | | | | | | | | | | | | | | | | | |
| Weighted average common shares outstanding | | | | | | | | | | | | | | | | |
| | Basic & diluted | | | 54,787,026 | | | | 50,245,026 | | | | 54,787,026 | | | | 50,245,026 | |
| | | | | | | | | | | | | | | | | | |
| Net loss per common share | | | | | | | | | | | | | | | | |
| | Basic & diluted | | | ** | | | | ** | | | | ** | | | | ** | |
| | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | |
| ** | Less than $.01 | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | |
| The accompanying notes are an integral part of the financial statements |
| China Logistics, Inc and Subsidiary |
| Unaudited Condensed Consolidated Statements of Cash Flows |
| For the Six Months Ended June 30, 2010 and 2009 |
| | |
| | | For the Six months ended | |
| | | June 30, 2010 | | | June 30, 2009 | |
| CASH FLOWS FROM OPERATING ACTIVITIES: | | | | | | |
| Net income (loss) | | $ | (56,554 | ) | | $ | (17,654 | ) |
| Adjustments to reconcile net income (loss) to | | | | | | | | |
| net cash (used in) operating activities: | | | | | | | | |
| Depreciation | | | 2,915 | | | | 1,706 | |
| Accounts receivable ,trade | | | 2,217,784 | | | | 4,095,489 | |
| Other receivable | | | (28,121 | ) | | | (109,976 | ) |
| Prepaid expense | | | 126,891 | | | | 4,118 | |
| Inventory | | | 3,445,022 | | | | 305,592 | |
| Accounts payable | | | (6,241,541 | ) | | | (3,237,933 | ) |
| Tax payable | | | 481,394 | | | | (117,711 | ) |
| Other payable | | | (43,733 | ) | | | (20,439 | ) |
| Received in advance & others | | | 41,312 | | | | 509,350 | |
| NET CASH (USED IN) OPERATING ACTIVITIES | | | (54,630 | ) | | | 1,412,542 | |
| | | | | | | | | |
| CASH FLOWS FROM INVESTING ACTIVITIES: | | | | | | | | |
| Short-term investment | | | | | | | (512,235 | ) |
| NET CASH PROVIDED BY (USED IN) INVESTING ACTIVITIES | | | - | | | | (512,235 | ) |
| | | | | | | | | |
| CASH FLOWS FROM FINANCING ACTIVITIES: | | | | | | | | |
| Increase (decrease) of due to shareholders' | | | (22,426 | ) | | | (455,157 | ) |
| NET CASH PROVIDED BY FINANCING ACTIVITIES | | | (22,426 | ) | | | (455,157 | ) |
| | | | | | | | | |
| FOREIGN CURRENCY TRANSLATION ADJUSTMENT | | | 6,569 | | | | (619 | ) |
| | | | | | | | | |
| NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS | | | (70,488 | ) | | | 444,531 | |
| | | | | | | | | |
| CASH AND CASH EQUIVALENTS: | | | | | | | | |
| Beginning of period | | | 1,223,829 | | | | 531,297 | |
| End of period | | $ | 1,153,341 | | | $ | 975,828 | |
| | | | | | | | | |
| | | | | | | | | |
| The accompanying notes are an integral part of these financial statements. | |
[img]http://stockcharts.com/c-sc/sc?s=clgz&p=D&yr=0&mn=3&dy=0&i=t57281902779&r=3045[/img] [img]http://stockcharts.com/c-sc/sc?s=clgz&p=D&yr=1&mn=3&dy=0&i=t57281902779&r=3045[/img] [img]http://www.stockta.com/cgi-bin/candle.pl?cobrand=&symb=clgz&size=analysis&support=0.01,18,0.01,4,0.01,14,0.01,20,0.01,12,0.01,2,0.01,6,0.02,2,0.02,8,0.03,2&trend=[/img] 