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Tuesday, September 12, 2017 5:36:26 PM
1. Total assets increased by about a million from the first quarterly report.
2. DOLV went from about $80,000 loss in fist quarter to about $156,000 in revenue in the second quarterly report.
3. No consolidated financials yet, otherwise we would see separate financial sections for each subsidiary.
4. Anying Huang picked up another 12.5 million shares, accounting for the OS increase in quarter 2.
5. It lists 54,597,949 restricted shares, which presumably are the shares associated with the lawsuit.
6. Paid in capital of around $250,000 in Q2, to bring yearly total near 2.5 million.
Overall Quarterly feeling: OK overall, not great. I don't think it will merit any significant change in PPS based solely off the quarterly's numbers.
I have to agree with some that operating expenses from around $80,000 in Q1 to $1,367 in Q2 seems a bit odd. My gut would tell me that whole column is off by 2 decimal places. $136,700 seems more congruent with what Q2 operating expenses should be, which should have increased IMO. 15.6 million makes more sense for revenues given the sales I believe they should have had.
I've noticed a few errors, so an amended quarterly is not out of the question.
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