Share Structure Market Value1 $563,358 a/o Apr 11, 2012 Shares Outstanding 20,865,119 a/o Mar 28, 2012 Float Not Available Authorized Shares Not Available Par Value 0.001
"We recorded a gross loss of $3,281,653 in the three months ended June 30, 2011, in comparison to a gross loss of $2,623,972 in the three months ended June 30, 2010. Our gross profit margin decreased from negative 5.26% to negative 7.24% over the same period.
The main reasons for the gross loss in the second quarter of 2011 were the impact of the large imports of soybeans, the high price levels of soybeans and the increase in the raw material prices of certain of our soybean products.
"The Company's balance sheet as of June 2011 included cash and cash equivalents of $25.1 million, compared with $24.3 million at the beginning of 2011. Total shareholders' equity was $45.1 million. Net Cash provided by operating activities for the six months ended June 30, 2011 was $10,470,427, while net cash used in operating activities for the six months ended June 30, 2010, was $1,881,868. "