Hartcourt Companies (fka HRCT)

[1moodyblue]

!!!! Not bad on this end !!!!! GOOD DEAL C.H.



As shown in the accompanying financial statements, Hartcourt incurred a net gain of $55,494 and $113,336 for the three and six months ended June 30, 2004 as compared to a net loss of $3,268 and $190,184 for the same period in 2003 (after excluding the one-time gain on disposal of discontinued operation). In addition, Hartcourt's current assets exceeded its current liabilities by $14,624,834 at June 30, 2004.