$DRGV On December 31, 2014, total assets were $10.3 million and shareholder equity was $8.8 million with 986 million common shares outstanding. On December 31, 2013, total assets were $9.8 million and shareholder equity was $7.5 million with 492.7 million common shares outstanding. Working capital was $8.7 million on December 31, 2014 compared to $8.1 million at December 31, 2013.
Commenting on our results for fiscal 2014, Mr. Lawrence Wang, Chairman and CEO of Dragon Capital Group, "We are pleased to see the continuous improvement in our revenue in fiscal 2014 compared to fiscal year 2013, as we continue to work to build sales of higher margin utility monitoring automation software and services at our Shanghai Yazheng subsidiary, and mobile software applications from our Shanghai Zhiye subsidiary. This effort has resulted in a small but steady increase in our gross margins in the quarter as we maintain our cost of sales which we intend to build upon in future periods. We believe we are on the right track to increase sales in those higher margin businesses to enable our Company to improve performance in 2015 and help us achieve sustained profitability in the quarters and years to come."
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