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CHINA GEWANG BIOTECHNOLOGY, INC. - Statements of Operations - USD ($)
3 Months Ended 6 Months Ended
May. 31, 2015
May. 31, 2014
May. 31, 2015
May. 31, 2014
Income Statement        
REVENUE $ 1,045,750 $ 578,711 $ 2,006,612 $ 1,026,895
Cost of goods sold (284,699) (179,451) (547,058) (330,278)
Gross profit 761,051 399,260 1,459,554 696,617
OPERATING EXPENSES:        
Selling and marketing 174,677 106,235 328,645 219,548
General and administrative 131,231 27,220 188,253 53,693
TOTAL OPERATING EXPENSES 305,907 133,455 516,898 273,241
Operating income 455,144 265,805 942,656 423,376
Other income:        
Interest income 1,431 2,027 3,871 3,779
Income before provision for income taxes 456,575 267,832 946,527 427,155
Provision for income taxes 114,623 66,958 237,610 106,789
Net income before noncontrolling interests 341,952 200,874 708,917 320,366
Noncontrolling interest (15,474)   (32,077)  
Net income attributable to common stockholders $ 326,478 $ 200,874 $ 676,840 $ 320,366
Earnings per common share $ 0.01 $ 0.01 $ 0.02 $ 0.01
Weighted average shares outstanding 37,456,522 35,500,000 36,489,011 35,500,000
Comprehensive income:        
Net income before noncontrolling interests $ 341,952 $ 200,874 $ 708,917 $ 320,366
Foreign currency translation adjustment 25,735 (18,709) 5,558 (17,581)
Comprehensive income 367,687 182,165 714,475 302,785
Comprehensive income attributable to noncontrolling interests (16,760)   (32,355)  
Net comprehensive income attributable to common stockholders $ 350,927 $ 182,165 $ 682,120 $ 302,785