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The increase in shipping of 20% means that adjusted revenue increased by at least that much (last quarter shipping increased 37% while adjusted revenue increased by 41%) due to the exchange rate gains.

was there an actual figure given for the revenue they did not recognize for doubtful accounts like last Q? I failed to find it in either the CC or the 10Q. Please post it if you know what it is

I would also add that the doubtful payees include the Hebei province. The company paid $3 million and 3.6 million shares for acquisition of the customer list. This was supposed to increase margins not decrease revenue

in US $$ millions

9/12 9/11 decrease $ decrease %
Hebei/Beijing/Tianjin 10.9 33.0 (22.1) (67.0)%
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