CHINA SHIANYUN GROUP CORP., LTD.
CIK:0001388978|SEC Filings
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) |
12 Months Ended | |
|---|---|---|
Dec. 31, 2015 |
Dec. 31, 2014 |
|
| Statement of Income and Comprehensive Income | ||
| Revenues | $ 1,144,621 | $ 209,992 |
| Cost of sales and services | 568,914 | 10,507 |
| Selling and distribution | 22,281 | 85,732 |
| General and administrative (inclusive of depreciation and allowances) | 813,073 | 1,458,277 |
| Operating loss | (259,647) | (1,344,524) |
| Other income and expenses | ||
| Other income | 13,528 | 5,969 |
| Recovery of bad debt | 2,010,854 | |
| Total other income and expenses | 2,024,382 | 5,969 |
| Income/(loss) before provision for income taxes | $ 1,764,735 | $ (1,338,555) |
| Provision for income taxes | ||
| Net income/(loss) for the year | $ 1,764,735 | $ (1,338,555) |
| Other comprehensive loss | ||
| Gain/(loss) on foreign currency translation | (13,891) | 32,661 |
| Total comprehensive income/(loss) for the year | $ 1,750,844 | $ (1,305,894) |
| Earnings/(loss) per share, basic and diluted | $ 2.27 | $ (1.72) |
| Weighted average number of shares outstanding, basic and diluted | 776,837 | 776,837 |