Get Started for Free Contexxia identifies hard-to-find pieces of information in SEC filings. No more highlighters, no more redlining, no more poring over huge documents. BIRCH BRANCH INC (857872) 10-Q published on Jan 07, 2013 at 10:36 am
Cost of revenues related to purchases from Anyang Xinlong included in the consolidated financial statements amounts to approximately $1,484,931 for the nine months ended September 30, 2011.
Along with the decrease in coke production and sales, revenues for the three months ended September 30, 2012 decreased significantly from the revenues for the three months ended September 30, 2011 by $22,618,784, from $114,953,099 to $ 92, 334, 315, which was a decrease of 19.7%.
Interest Income and Expense. Interest expense for the three months ended September 30, 2011 was $4.8 million compared to interest expense for the three months ended September 30, 2012 of $3.9 million.
Along with the decrease in coke production and sales, revenues for the nine months ended September 30, 2012 decreased from the revenues for the nine months ended September 30, 2011 by $9,884,400, from $302,885,541, which was a decrease of 3.3%. The decrease in revenue was primarily due to the product unit price for coke kept at a low level. When compared with the same period of 2011, average sales price per ton for coke decreased from $258 to $220.
Net cash provided in financing activities was $12,316,496 for the nine months ended September 30, 2012 as compared to $88,647,154 for the nine months ended September 30, 2011. Net cash provided by bank notes payable was $3,390,633 for the nine months ended September 30, 2012 compared with net cash provided of approximately $63,501,656 for the nine months ended September 30, 2011. And, for the nine months ended September 30, 2012, SC Coke repaid loans of $7,646,205 to related parties.