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CHINA GEWANG BIOTECHNOLOGY, INC. AND SUBSIDIARIES - Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
May 31, 2016
May 31, 2015
May 31, 2016
May 31, 2015
Income Statement        
REVENUE $ 5,437,183 $ 1,045,750 $ 6,655,281 $ 2,006,612
Cost of goods sold (3,025,001) (284,699) (3,367,609) (547,058)
Gross profit 2,412,182 761,051 3,287,672 1,459,554
OPERATING EXPENSES:        
Selling and marketing 649,302 174,677 919,973 328,645
General and administrative 122,978 131,230 259,939 188,253
TOTAL OPERATING EXPENSES 772,280 305,907 1,179,912 516,898
Operating income 1,639,902 455,144 2,107,760 942,656
Other income:        
Interest income 6,327 1,431 11,095 3,871
Other non-operating income     1,490  
Total other income 6,327 1,431 12,585 3,871
Income before provision for income taxes 1,646,229 456,575 2,120,345 946,527
Provision for income taxes 416,553 114,623 539,969 237,610
Equity in income of investee 408,275   408,275  
Net income before noncontrolling interests 1,637,951 341,952 1,988,651 708,917
Noncontrolling interest (62,483) (15,474) (80,995) (32,077)
Net income attributable to common stockholders $ 1,575,468 $ 326,478 $ 1,907,656 $ 676,840
Earnings per common share $ 0.03 $ 0.01 $ 0.03 $ 0.02
Weighted average shares outstanding 60,543,478 37,456,522 55,882,514 36,489,011
Comprehensive income:        
Net income before noncontrolling interests $ 1,637,951 $ 341,952 $ 1,988,651 $ 708,917
Foreign currency translation adjustment (122,371) 25,735 (308,784) 5,558
Total comprehensive income 1,515,580 367,687 1,679,867 714,475
Comprehensive income attributable to noncontrolling interests (72,978) (16,760) (82,171) (32,355)
Net comprehensive income attributable to common stockholders $ 1,442,602 $ 350,927 $ 1,597,696 $ 682,120