Unlike the US retail market, sellers do not settle for returns caused by any change within the sales market or change in customers’ preferences in China. Therefore, the Company generally does not honor any return aside from a product defect. Stock options— Options issued have a ten-year life and have been fully vested upon issuance. The Company records the expense of the inventory choices over the associated vesting period. As such, conditions regarding return of products from overstock in distribution channels, product obsolescence and over-budgeted items from launching of recent merchandise will not exis The options had been valued using the Black-Scholes option-pricing mannequin at the date of grant stock option pricing.
The firm is integrated in the Cayman Islands, formerly known as Sino Resources Group Limited. The Company is principally engaged in trading companies throughout Asia as well as the availability of esmart digital providers. It has also been increasing its businesses into the patron products market conforming to the Group’s enterprise principle of “making life easier and benefiting people’s livehood”(易生活,惠民生
Operating loss for 2010 was $24,837, or (16.7)% of web sales in comparison with $608, or (0.3)% of net gross sales for 200 Transaction features or losses arising from trade price fluctuation on transactions denominated in a forex other than the useful foreign money had been included in the consolidated results of operations. As a result of the translation, China 3C recorded a overseas forex achieve of $1,526 in 2010 and lack of $92 thousand in 2009, which is a separate line merchandise on the Statements of Operations.
Capital expenditures for purchase of fixed assets throughout 2010, 2009 and 2008 had been $22, $806 and $11, respectively. The greater level of capital expenditures in 2009 was because of the new business plan of opening new direct shops and franchise stores. Direct shops and franchise stores have larger capital requirements than “stores in stores”. Net cash turkish lawyer immigration generated from working actions decreased to $7,112 in 2009 from $12,690 in 2008. This decrease was mainly attributable to the $1,213 web losses incurred in 2009 in comparison with $26,834 internet income in 2008. Cash and cash equivalents had been $29,908 at December 31, 2009 and present property totaled $58,725 at December 31, 200
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