Gross profit for the third

Gross profit for the third quarter of 2010 totaled $1.5 million, or 8.0% of net revenue, compared to $0.9 million, or 7% of net revenue, for the same period of 2009. The overall gross margin for the third quarter of 2010 was 8%, representing an increase of 1%, compared with 7% for the same period of 2009. The overall increase is mainly attributable to the Company's efforts on adjusting product mix and enhanced control on raw materials. The Company developed new products to replace products with very low or negative gross margins. Moreover, the Company introduced incentives to enhance the efficiency of production and reduce manufacturing costs. However, the increase in gross margin was to some extent offset by a loss on the disposal of obsolete raw materials. Operating expenses totaled approximately $2.1 million for the third quarter of 2010, down 5% from $2.2 million in the third quarter of 2009. Total operating expenses in the third quarter of 2010 amounted to 11% of net revenue, compared to 16.3% in the third quarter of 2009. Selling expenses rose 10%, primarily due to increased commissions and transportation expenses associated with increased sales. The net research and development costs were $391,000 for the third quarter of 2010, representing a decrease of $70,000, or 15%, compared with $461,. Happy marriage life begins with beautiful chanelbags.000 for the third quarter of 2009.. They have released a whole new line of reelabc Piano Lamps for both grand and upright pianos with a variety of unique styles, designs, and colors to choose from. You can choose from Contemporary, Traditional or Antique styles, with polished brass, black, bronze, and other available finishes. The decrease of net research and development costs was attributable to the Company's reduced research and development activities when new products were put into production. Research and development expenses accounted for 2% and 3% of total sales revenue in the third quarters of 2010 and 2009,For task lighting in a home office leatherbag space, an LED desk lamp does the job efficiently. This type of bulb is much more energy efficient than typical bulbs, so you can reduce your expenses of doing business, respectively. General and administrative expenses were $0.9 million in the third quarter of 2010, compared to $1.0 million in the same period in 2009.

Interest expense was $0.2 million for the third quarter of 2010, up from $0.1 million in the same period of 2009 as the Company utilized additional bank loans to support its working capital needs.

The Company's net loss attributable to common shares during the three months ended Sept 30, 2010 was $0.9 million,, and besides, as the industrial chain is always complicated, technology concerning cannot be ourbark deployed accordingly into certain industries. improved from a net loss of $1.2 million attributable to common shares for the same period in 2009. Loss per basic and diluted share were ($0.04) for the third quarter of 2010, improved from losses per basic and diluted share of ($0.06) for the same period of 2009.There are many advantages of white anhuitoys light LED lights compared with the previous ones. Firstly, it is adjustable in both the brightness and the color, which can meet the demands of interior lighting.