Wednesday, February 19, 2020 7:39:44 PM
The below is a good thing imo as this happened before the corona virus. I can't image too much dating going on right now in China.
Revenues
For the three months ended December 31, 2019, we had total revenues of $4,146 as compared to $33,460 for the three months ended December 31, 2018. The revenues during the three months ended December 31, 2019 were mainly generated through in-app purchases in our mobile applications Little Love. The decrease of $29,314, or 88%, during the three months ended December 31, 2019 was primarily due to that the Company temporarily suspended the advertisement, the number of active users of Hotchat and Little Love decreased, resulting in a significant drop in revenue.
This is telling me they are putting their money (the small amount they do have to spend) into R&D.
Research and Development Expenses
For the three months ended December 31, 2019 and 2018, research and development expenses amounted to $5,122 and $494, respectively. The increase of research and development expenses in the amount of $4,628 or 937% during the three months ended December 31, 2019 was primarily attributable to the fact that the Company adjusted the strategy to develop E-commerce business in the app of Little Love in the three months ended December 31, 2019.
Overall, I am not seeing much here and we are hoping one of their apps hit but as long as Cornoa Virus sticks around Little Love isn't the answer.
If anyone thinks otherwise let me know :)
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