China Information Technology, Inc. Announces Second Quarter 2011 Results

Supplemental disclosure of significant non-cash transactions:

On February 8, 2011, the Company granted eligible employees a total of 250,000 shares of the Company's common stock as compensation under the China Information Technology, Inc. 2007 Equity Incentive Plan ("The Plan"). The fair value of these shares of approximately $1.1 million, based on the quoted market price, was accrued as of December 31, 2010 as the compensation was for services provided in 2010.

On May 3, 2011, upon achievement of earn out targets by Huipu, the Company issued 330,578 shares of the Company's common stock in connection with the acquisition of Huipu.

SOURCE China Information Technology, Inc.

Contact:
China Information Technology, Inc.
Web: http://www.chinacnit.com



« Previous Page 1 | 2 | 3 | 4             



Review Article Be the first to review this article
Rand3D

Editorial
Jeff RoweJeff's MCAD Blogging
by Jeff Rowe
First Look At SOLIDWORKS 2018
Jobs
Mapping & GIS Sales Rep for California Surveying & Drafting Supply at Sacramento, CA
Analyst Programmer for Palm Beach County at West Palm Beach, FL
Architectural Designer for Champion Home Builders at Troy, MI
Upcoming Events
ATE SOLIDWORKS Innovation Day 2017 at LIFELONG LEARNING INSTITUTE LEVEL 2 @ 11 EUNOS ROAD 8 SINGAPORE Singapore - Oct 5, 2017
Additive Manufacturing Conference 2017 at Knoxville Convention Center 701 Henley Street Knoxville TN - Oct 10 - 12, 2017
ASSESS 2017 CONGRESS at Bolger Center Potomac MD - Nov 1 - 3, 2017
FABTECH 2017 at McCormick Place Chicago IL - Nov 6 - 9, 2017
Kenesto: 30 day trial
MasterCAM



Internet Business Systems © 2017 Internet Business Systems, Inc.
25 North 14th Steet, Suite 710, San Jose, CA 95112
+1 (408) 882-6554 — Contact Us, or visit our other sites:
AECCafe - Architectural Design and Engineering EDACafe - Electronic Design Automation GISCafe - Geographical Information Services TechJobsCafe - Technical Jobs and Resumes ShareCG - Share Computer Graphic (CG) Animation, 3D Art and 3D Models
  Privacy PolicyAdvertise