Taomee Holdings Limited - Unaudited Consolidated Statements of Operations

In USD, except for share data 

For three months ended

June 30,

March 31,

June 30,

2015

2015

2014

Revenues:

    PC business, net

$

6,310,923

$

6,000,333

$

7,692,791

    Mobile business, net

766,061

1,529,565

692,704

    Offline business, net

1,611,865

1,484,671

2,159,864

Total net revenues

8,688,849

9,014,569

10,545,359

Cost of revenues

    PC business

(1,271,940)

(1,294,944)

(1,646,851)

    Mobile business

(157,322)

(220,977)

(50,757)

    Offline business

(1,601,830)

(1,307,427)

(1,332,060)

Total cost of revenues

(3,031,092)

(2,823,348)

(3,029,668)

Gross profit

5,657,757

6,191,221

7,515,691

Operating income (expenses):

    Product development 

(3,391,747)

(3,596,853)

(3,449,780)

    Sales and marketing 

(2,193,696)

(2,690,336)

(2,920,316)

    General and administrative 

(2,668,029)

(3,026,623)

(3,072,832)

    Other operating income, net

808,659

1,349,479

147,346

Total operating expenses 

(7,444,813)

(7,964,333)

(9,295,582)

Loss from operations

(1,787,056)

(1,773,112)

(1,779,891)

Interest income

456,469

578,017

639,340

Other  income (expenses), net

59,810

(86,294)

109,650

Loss before income taxes and
  share of loss in equity method 
  investments

(1,270,777)

(1,281,389)

(1,030,901)

Income tax benefit

7,050

14,980

374,068

Share of loss in equity method
investments

(479,649)

(363,281)

(180,905)

Net loss 

(1,743,376)

(1,629,690)

(837,738)

Less: Net loss attributable to non-
  controlling interest

(133,314)

(25,106)

(17,806)

Net loss attributable to holders
of ordinary shares

$

(1,610,062)

$

(1,604,584)

$

(819,932)

Loss per ADS

-Basic

$

(0.046)

$

(0.045)

$

(0.023)

-Diluted

$

(0.046)

$

(0.045)

$

(0.023)

Weighted average number of
shares used in calculation

- Basic

706,345,031

707,478,950

710,655,033

- Diluted

706,345,031

707,478,950

710,655,033

Weighted average number of 
ADS used in calculation

- Basic

35,317,252

35,373,947

35,532,752

- Diluted

35,317,252

35,373,947

35,532,752