| EATWARE, INC. (Formerly China Shoe Holdings, Inc.) INDEX TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED) | |||||||||||||||||||||||||||||||||
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| EATWARE, INC. (Formerly China Shoe Holdings, Inc.) CONDENSED CONSOLIDATED BALANCE SHEETS AS OF JUNE 30, 2009 AND MARCH 31, 2009 (Currency expressed in United States Dollars (US$), except for number of shares) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| NOTE - 1 BASIS OF PRESENTATION The accompanying unaudited condensed consolidated financial statements have been prepared by management in accordance with both accounting principles generally accepted in the United States (GAAP), and the instructions to Form 10-Q and Rule 10-01 of Regulation S-X. Certain information and note disclosures normally included in audited financial statements prepared in accordance with generally accepted accounting principles have been condensed or omitted pursuant to those rules and regulations, although the Company believes that the disclosures made are adequate to make the information not misleading. In the opinion of management, the consolidated balance sheet as of March 31, 2009 which has been derived from audited financial statements and these unaudited condensed consolidated financial statements reflect all normal and recurring adjustments considered necessary to state fairly the results for the periods presented. The results for the period ended June 30, 2009 are not necessarily indicative of the results to be expected for the entire fiscal year ending March 31, 2010 or for any future period. These unaudited condensed consolidated financial statements and notes thereto should be read in conjunction with the Managements Discussion and the audited financial statements and notes thereto included in the Annual Report on Form 10-K for the year ended March 31, 2009. | ||
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First numeric data row: 0
First row with column header attributes:
Last row with column header attributes:
Row 0
[0..0) [0..0] (stub): 'NOTE - 2'
Attributes: num=>2 [0..0]
[1..1) [1..1] (stub): 'ORGANIZATION AND BUSINESS BACKGROUND'
Prototype ranges:
Row 0
[0..0) [0..0] (stub): ''
[1..1) [1..1] (stub): ''
Best data column prototype:
Row 0
[0..0) [0..0] (stub): ''
[1..1) [1..1] (stub): ''
Table attributes: balancesheet,date
| l Use of estimates In preparing these condensed consolidated financial statements, management makes estimates and assumptions that affect the reported amounts of assets and liabilities in the balance sheets and revenues and expenses during the period reported. Actual results may differ from these estimates. | ||
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First numeric data row: 0
First row with column header attributes:
Last row with column header attributes:
Row 0
[0..0) [0..0] (stub): 'l'
[1..1) [1..1] (stub): 'Basis of consolidation'
Prototype ranges:
Row 0
[0..0) [0..0] (stub): ''
[1..1) [1..1] (stub): ''
Best data column prototype:
Row 0
[0..0) [0..0] (stub): ''
[1..1) [1..1] (stub): ''
Table attributes: assets,balancesheet,revenues,date,liabilities
| l Foreign currencies translation Transactions denominated in currencies other than the functional currency are translated into the functional currency at the exchange rates prevailing at the dates of the transaction. Monetary assets and liabilities denominated in currencies other than the functional currency are translated into the functional currency using the applicable exchange rates at the balance sheet dates. The resulting exchange differences are recorded in the statement of operations. The reporting currency of the Company is the United States dollar ("US$"). The Companys subsidiaries operating in Hong Kong maintain their books and record in its local currency, Hong Kong Dollars ("HK$") while one subsidiary operating in the PRC maintainsits booksand records in its local currency, Renminbi Yuan ("RMB"), which are functional currencies as being the primary currency of the economic environment in which these entities operate. In general, assets and liabilities are translated into US$, in accordance with SFAS No. 52, Foreign Currency Translation , using the exchange rate on the balance sheet date. Revenues and expenses are translated at average rates prevailing during the period. The gains and losses resulting from translation of financial statements of foreign subsidiaries are recorded as a separate component of accumulated other comprehensive income within the statement of stockholdersdeficit. Translation of amounts from HK$ and RMB into US$1 has been made at the following exchange rates for the respective period: | |||||||||||||||||||||||||||||||||||||||||||||
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