Latest Generally Accepted Accounting Principles Stories

--Company Beats 1Q13 Financial Forecast-- XI'AN, China, May 15, 2013 /PRNewswire/ -- China Housing & Land Development, Inc. ("China Housing" or the "Company"; Nasdaq: CHLN) today announced its financial results for the quarter ended March 31, 2013. Highlights for Q1 2013: Total revenue in the first quarter of 2013 was $54.4 million compared to $61.5 million in the fourth quarter of 2012 and $23.5 million in the first quarter of 2012. First quarter recognized...

NANJING, China, May 15, 2013 /PRNewswire/ -- Ever-Glory International Group, Inc. (the "Company" or "Ever-Glory") (NYSE MKT: EVK), a leading apparel supply chain manager and retailer based in China, today reported its financial results for the first quarter ended March 31, 2013. Total sales for the quarter were $78.3 million, an increase of 47.1% compared to $53.2 million in the first quarter of last year. This increase was primarily attributable to increased sales in our retail...

Q1 2013 Revenues Increased Over 450% Compared to Q1 2012 MINNEAPOLIS, May 15, 2013 /PRNewswire/ -- BioDrain Medical, Inc. (OTCQB: BIOR) (the "Company"), producer of the FDA approved STREAMWAY((TM)) System for automated, direct-to-drain surgical fluid disposal that reduces the risk of exposure to hazardous waste, today reported its results for the first quarter ended March 31, 2013. Key Highlights: Revenues of $127,727 for Q1 2013 were up over 450% compared to Q1 2012 Sales to...

Awards and Bookings Advance 40% over Year to Date 2012 ROCHESTER, N.Y., May 15, 2013 /PRNewswire/ -- VirtualScopics, Inc. (NASDAQ: VSCP), a leading provider of quantitative imaging, today announced revenues of $2,532,587 for the quarter ended March 31, 2013 compared to $3,702,159 for the quarter ended March 31, 2012. Net loss for the three months ended March 31, 2013 was $1,112,948 compared to a net loss of $613,544 for the three months ended March 31, 2012. Other first quarter...

BRIDGEWATER, N.J., May 15, 2013 /PRNewswire/ -- Savient Pharmaceuticals, Inc. (NASDAQ: SVNT) today reported financial results for the three months ended March 31, 2013. Net sales of KRYSTEXXA(®) (pegloticase) were $4.4 million for the first quarter of 2013, a 6% decrease from the fourth quarter of 2012 and a 43% increase over the first quarter of 2012. For the three-month period ended March 31, 2013, the Company had a net loss of $24.4 million or $0.34 per share, on total revenues...

HAIKOU CITY, China, May 15, 2013 /PRNewswire/ -- China Pharma Holdings, Inc. (NYSE MKT: CPHI) ("China Pharma" or the "Company"), an NYSE MKT listed corporation with its fully-integrated specialty pharmaceutical subsidiary based in China, today announced financial results for the three months ended March 31, 2013. First Quarter 2013 Highlights Revenue decreased 49% to $8.2 million in the first quarter of 2013 from $16.1 million in the first quarter of 2012. Gross loss was $1.6...

Third Quarter Fiscal Year 2013 Results Include: Adjusted EBITDA of $66,000; $10.6 Million in Revenue, a Seven Percent Increase over Prior Year; Reaffirms Guidance of $1M Adjusted EBITDA from US Operations for Fiscal Year 2013 ENCINO, Calif., May 15, 2013 /PRNewswire/ -- Research Solutions, Inc. (OTC:RSSS), a leader in information logistics solutions and a pioneer in facilitating the flow of information from content publishers to enterprise customers in life science and other research...

Fourth Quarter Highlights: HOUSTON, May 15, 2013 /PRNewswire/ -- Consolidated Graphics, Inc. (NYSE: CGX) today announced financial results for its fourth quarter and year ended March 31, 2013. Revenue for the March 2013 quarter increased to $251.0 million, compared to $250.6 million for the same quarter last year due to a .5% same-store sales increase, excluding election related business. Adjusted Operating Income increased 115% for the quarter to $12.8 million or 5.1% of...

Oilfield Services company reports record revenues of $2.6 Million for the quarter ended March 31, 2013, up more than 380% from 1st quarter 2012 on pro forma basis HOUSTON, May 15, 2013 /PRNewswire/ -- HII Technologies, Inc. (the "Company"), symbol HIIT (OTCBB/OTCQB), an oilfield services company headquartered in Houston, Texas, today announced financial results for the first quarter ending March 31, 2013. As stated in the Company's Quarterly Report on Form 10-Q filed on May 15,...

- First Quarter 2013 revenue increased by 10.0% year-over-year to $35.5 million XI'AN, China, May 15, 2013 /PRNewswire/ -- China Natural Gas, Inc. ("China Natural Gas" or the "Company") (PINK: CHNG), a leading provider of compressed natural gas (CNG) and LNG for vehicular fuel and pipeline natural gas for industrial, commercial and residential use in Xi'an, China, today announced its financial results for the first quarter ended March 31, 2013. First Quarter 2013...