date:Nov 19, 2013
the increase of allowance for bad debts, the increase in taxes related to inter-subsidiary fixed assets transfers and the increase in expenses caused by obsolete inventories. Loss on impairment of assets was $6.6 million Q3 2013, which represented a $5.8 million impairment loss of the land use rights of farmlands and a $0.8 million loss resulted from the termination of the construction of an uncompleted building in our subsidiary Huichun.
The Company had net loss available to common stockholde