Qingdao Footwear, Inc.

QING · OTC
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12/31/2010
12/31/2009
12/31/2008
12/31/2007
Revenue$21,272$116$143$155
% Growth18,169%-18.3%-8.2%
Cost of Goods Sold$11,601$31$40$74
Gross Profit$9,671$86$103$81
% Margin45.5%73.6%72.2%52.4%
R&D Expenses$0$0$0$0
G&A Expenses$0$173$185$127
SG&A Expenses$3,594$173$185$127
Sales & Mktg Exp.$0$0$0$0
Other Operating Expenses$0$0$0$0
Operating Expenses$3,743$173$185$127
Operating Income$5,928-$87-$82-$46
% Margin27.9%-75%-57.2%-29.5%
Other Income/Exp. Net-$3-$6,814-$30-$3
Pre-Tax Income$5,925-$82$0-$49
Tax Expense$1,915$57$29$31
Net Income$4,011-$144-$110-$77
% Margin18.9%-124%-77.2%-49.4%
EPS0.39-0.015-0.59-0.41
% Growth2,753.1%97.5%-43.9%
EPS Diluted0.39-0.015-0.59-0.41
Weighted Avg Shares Out10,7739,846187187
Weighted Avg Shares Out Dil10,7739,846187187
Supplemental Information
Interest Income$23$1$0$0
Interest Expense$107$62$29$28
Depreciation & Amortization$149$22$1$13
EBITDA$6,182-$70-$88-$33
% Margin29.1%-59.8%-61.7%-21.1%