On January 12, 2010, the Company granted eligible employees a total of 213,363 shares of the Company's common stock as compensation under the China Information Security Technology, Inc. 2007 Equity Incentive Plan ("The Plan"). The fair value of these shares of approximately $1.3 million, based on the quoted market price, was accrued as of December 31, 2009 as the compensation was for services provided in 2009.
On February 2, 2009, the Company granted eligible employees a total of 60,000 shares of the Company's common stock as compensation under the Plan. The fair value of these shares of $183,600 based on quoted market price was recognized as stock-based compensation for the six months ended June 30, 2009.
Selected information by segment is presented in the following tables for the three and nine months ended September 30, 2010 and 2009.
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| Three months ended Sept 30 |
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| Nine months ended Sept 30 | |||||||
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| 2010 |
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| 2009 |
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| 2010 |
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| 2009 | |
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| (Unaudited) |
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| (Unaudited) |
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| (Unaudited) |
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| (Unaudited) | |
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Revenues(1) |
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GIS Segment | $ | 20,654,401 |
| $ | 9,839,180 |
| $ | 46,969,457 |
| $ | 23,673,159 | |
DPST Segment |
| 17,963,935 |
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| 15,058,561 |
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| 44,019,021 |
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| 37,800,499 | |
DHIS Segment |
| 5,187,795 |
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| 3,782,940 |
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| 11,639,648 |
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| 7,975,126 | |
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| $ | 43,806,131 |
| $ | 28,680,681 |
| $ | 102,628,126 |
| $ | 69,448,784 | |
(1)Revenues by operating segments exclude intercompany transactions. |
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| Percentage to Revenue |
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| GIS Segment |
| 47.2% |
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| 34.3% |
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| 45.8% |
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| 34.1% | |
| D P ST Segment |
| 41.0% |
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| 52.5% |
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| 42.9% |
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| 54.4% | |
| DHIS Segment |
| 11.8% |
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| 13.2% |
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| 11.3% |
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| 11.5% | |
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