China INSOnline Corp. (CHIO, Financial) filed Amended Quarterly Report for the period ended 2008-03-31.
Dexterity Surgical Inc. is engaged in the distribution of instruments equipment and surgical supplies used in and hand-assisted laparoscopic surgery through an exclusive distribution agreement with Weck Closure Systems LLC. China INSOnline Corp. has a market cap of $68 million; its shares were traded at around $1.6 .
Cash consideration includes discounts and other offers that entitle a customer to receive a reduction in the price of a product. For the nine months ended March 31, 2008 and the period from October 8, 2006 to March 31,2007, the Company recognized $177,411 and $0, respectively, as a reduction of revenue for the discount offered to its customers.
Fixed assets are carried at cost less accumulated depreciation. Depreciation is computed using the straight-line method over the estimated useful lives of the assets, which are five years for motor vehicles, computers and equipment. For leasehold improvements, depreciation is computed using the straight-line method over the estimated useful lives or lease term of the hired premises, whichever is shorter. Depreciation expense for the nine months ended March 31, 2008 and for the period from October 8, 2006 to March 31, 2007 was $38,617 and $1,717, respectively.
Amortization expense for the nine months ended March 31, 2008 and for the period from October 8, 2006 to March 31, 2007 was $26,918 and $0, respectively.
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More on CHIO:
Gurus buys and sells of CHIO
10-year financial history of CHIO.
Insider buys/sells of CHIO.
Dexterity Surgical Inc. is engaged in the distribution of instruments equipment and surgical supplies used in and hand-assisted laparoscopic surgery through an exclusive distribution agreement with Weck Closure Systems LLC. China INSOnline Corp. has a market cap of $68 million; its shares were traded at around $1.6 .
Highlight of Business Operations:
ZYTX was originally founded with goal of raising the national insurance consciousness and reducing the cost on national security in China by constructing and maintaining its network portal (www.soobao.cn) in order to integrate and optimize business flow during the course of insurance sales and related client services. From incorporation through the end of June 30, 2007, ZYTX was primarily engaged in institutional preparation and prior-period business development. Thereafter, through trial implementation of www.soobao.cn, ZYTX s products and services received favorable reviews and recognition in the Chinese insurance industry. ZYTX strengthened its technical research and development and expanded its product line after collecting suggestions from clients. In April 2007, www.soobao.cn was formally put into use. From October 8, 2006 (inception) through June 30, 2007, ZYTX s fiscal year end, ZYTX realized a business income of RMB 17.2 million (US$2.2 million) and net profits of RMB 13.8 million (US$1.8 million).Cash consideration includes discounts and other offers that entitle a customer to receive a reduction in the price of a product. For the nine months ended March 31, 2008 and the period from October 8, 2006 to March 31,2007, the Company recognized $177,411 and $0, respectively, as a reduction of revenue for the discount offered to its customers.
Fixed assets are carried at cost less accumulated depreciation. Depreciation is computed using the straight-line method over the estimated useful lives of the assets, which are five years for motor vehicles, computers and equipment. For leasehold improvements, depreciation is computed using the straight-line method over the estimated useful lives or lease term of the hired premises, whichever is shorter. Depreciation expense for the nine months ended March 31, 2008 and for the period from October 8, 2006 to March 31, 2007 was $38,617 and $1,717, respectively.
Amortization expense for the nine months ended March 31, 2008 and for the period from October 8, 2006 to March 31, 2007 was $26,918 and $0, respectively.
Read the The complete Report
More on CHIO:
Gurus buys and sells of CHIO
10-year financial history of CHIO.
Insider buys/sells of CHIO.
