HARTCOURT COMPANIES INC Financials

Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback Quotes delayed, except where indicated otherwise.Delay times are 15 mins for NASDAQ, 20 mins for NYSE and Amex. See also delay times for other exchanges.Fundamental company data provided by Capital IQ. Quotes and other information supplied by independent providers identified on the Yahoo! Finance partner page. Quotes are updated automatically, but will be turned off after 25 minutes of inactivity. Quotes are delayed at least 15 minutes. Real-...
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HARTCOURT COMPANIES INC Files SEC form 10-Q, Quarterly Report

Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations Forward-looking Statements This report contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Such statements are based upon current expectations that involve risks and uncertainties. Any statements contained herein that are not statements of historical fact may be deemed to be forward-looking statements. For example, the words "believes," "anticipates," "plans," "expects," "intends" and similar expressions are intended to identify forward-looking statements. Our actual results and the timing of certain events may differ significantly from the results discussed in the forward-looking statements. Factors that might cause such a discrepancy include, but are not limited to, those discussed in "Risk Factors Affecting Future Results" and "Liquidity and Capital Resources" below. All forward-looking statements in this document are based on information available to us as of the date hereof and we assume no obligation to update any such forward-looking statements. The following discussion should be read in conjunction with our unaudited condensed consolidated financial statements and the accompanying notes contained in this quarterly report. Unless expressly stated or the context otherwise requires, the terms "we," "our," "us" and "Hartcourt" refer to The Hartcourt Companies, Inc. and its subsidiaries. Overview China's Education Markets In 1986, the PRC government implemented a system of compulsory education that requires each child to have at least nine years of formal education. Chinese culture has historically placed a strong emphasis on education. Because of the "one child" policy of the PRC government, C...
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HARTCOURT COMPANIES INC Files SEC form 10-K, Annual Report

ITEM 7. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS. Management discussion and analysis contains comparisons of the results of our operations for the twelve months ended May 31, 2009, for the 12 months ended May 31, 2008. The following discussion contains forward-looking statements. Forward looking statements are identified by words and phrases such as "anticipate", "intend", "expect" and words and phrases of similar import. We caution investors that forward-looking statements are only predictions based on our current expectations about future events and are not guarantees of future performance. Our actual results, performance or achievements could differ materially from those expressed or implied by the forward-looking statements due to risks, uncertainties and assumptions that are difficult to predict, including those set forth in Item 1A above. We encourage you to read those risk factors carefully along with the other information provided in this Report and in our other filings with the SEC before deciding to invest in our stock or to maintain or change your investment. We undertake no obligation to revise or update any forward-looking statement for any reason, except as required by law. You should read this MD&A in conjunction with the Consolidated Financial Statements and Related Notes in Item 8. Critical Accounting Policies and Estimates In preparing our financial statements, we make estimates, assumptions and judgments that can have a significant impact on our net revenue, operating income or loss and net income or loss, as well as on the value of certain assets and liabilities on our balance sheets. We believe that the estimates, assumptions and judgments involved in the accounting policies described below have the greatest potential impact on our financial statements, so we consider these to be our critical accounting policies. Senior management has ...
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HARTCOURT COMPANIES INC Files SEC form 8-K/A, Entry into a Material Definitive Agreement, Regulation FD Disclosure, F

Item 1.01 Entry Into a Material Definitive Agreement On August 20, 2009, Hartcourt and its subsidiaries, Maple China Education Incorporated, a Delaware corporation and Hartcourt Education Investment Management Consulting (Shanghai) Co., Ltd., a company existing under the Company Law of the People's Republic of China, entered into a plan of reorganization and share exchange agreement (the "Share Exchange Agreement") with Sino-Canada, its subsidiaries, Sino-Canada High School, a private educational non-enterprise institution existing under the laws of the People's Republic of China, Wujiang Huayu Property Management Company, a company existing under the Company Law of the People's Republic of China, Canadian Learning Systems Corporation, a company existing under the laws of the British Virgin Islands, each of the shareholders of Sino-Canada (the "Shareholders") and Ross Yuan, in the capacity as representative of the Shareholders. Unless the context requires otherwise, reference herein to Hartcourt includes reference to its subsidiaries and reference to Sino-Canada includes reference to its subsidiaries referenced above. About Hartcourt Founded in 1983, Hartcourt is a U.S. corporation with subsidiaries in China and other jurisdictions. Hartcourt moved its operation headquarters to Shanghai, China in 2002. In August 2006, Hartcourt changed its business model to focus on the education market in China. From May 2007 to October 2008, Hartcourt completed the acquisition of (i) China Princely Education Technology Development Company Limited, an authorized accrediting organization for China vocational education located in Beijing, PRC; sixty percent of the outstanding equity of Beijing Yanyuan Rapido Education Company, a well-known training institution in China; and sixty percent of the outstanding equity of China E & I Development Co. Ltd., which does business as the China Arts and Science Academy. About Sino-Canada Founded in 2003, Sino-Can...
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HARTCOURT COMPANIES INC Files SEC form 8-K, Entry into a Material Definitive Agreement, Regulation FD Disclosure, Fin

Item 1.01 Entry Into a Material Definitive Agreement On August 20, 2009, Hartcourt and its subsidiaries, Maple China Education Incorporated, a Delaware corporation and Hartcourt Education Investment Management Consulting (Shanghai) Co., Ltd., a company existing under the Company Law of the People's Republic of China, entered into a plan of reorganization and share exchange agreement (the "Share Exchange Agreement") with Sino-Canada, its subsidiaries, Sino-Canada High School, a private educational non-enterprise institution existing under the laws of the People's Republic of China, Wujiang Huayu Property Management Company, a company existing under the Company Law of the People's Republic of China, Canadian Learning Systems Corporation, a company existing under the laws of the British Virgin Islands, each of the shareholders of Sino-Canada (the "Shareholders") and Ross Yuan, in the capacity as representative of the Shareholders. Unless the context requires otherwise, reference herein to Hartcourt includes reference to its subsidiaries and reference to Sino-Canada includes reference to its subsidiaries referenced above. About Hartcourt Founded in 1983, Hartcourt is a U.S. corporation with subsidiaries in China and other jurisdictions. Hartcourt moved its operation headquarters to Shanghai, China in 2002. In August 2006, Hartcourt changed its business model to focus on the education market in China. From May 2007 to October 2008, Hartcourt completed the acquisition of (i) China Princely Education Technology Development Company Limited, an authorized accrediting organization for China vocational education located in Beijing, PRC; sixty percent of the outstanding equity of Beijing Yanyuan Rapido Education Company, a well-known training institution in China; and sixty percent of the outstanding equity of China E & I Development Co. Ltd., which does business as the China Arts and Science Academy. About Sino-Canada Founded in 2003, Sino-Can...
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The Hartcourt Companies, Inc. Agrees to Enter into Reverse Takeover with Sino- Canada Investment Group Inc.

SHANGHAI, Aug. 20 /PRNewswire-Asia-FirstCall/ -- The Hartcourt Companies, Inc. (OTC Bulletin Board: HRTC; Frankfurt 900009) (Hartcourt) today announced that it has entered into a Plan of Reorganization and Share Exchange Agreement Sino-Canada Investment Group Inc. (Sino-Canada). Subject to the terms of the definitive agreement, Hartcourt will effect a 1 for 80 reverse stock split prior to issuing approximately $33,623,963 worth of shares of its common stock at an agreed upon price of $0.88 per share to the Sino-Canada shareholders in exchange for 100% of the issued and outstanding capital stock of Sino-Canada. The aggregate purchase price and the actual number of shares to be issued in the exchange remain subject to potential purchase price adjustments at the closing. Transaction SummaryThe parties to the definitive agreement are Hartcourt, Hartcourt's subsidiaries in Delaware and China, Sino-Canada, Sino-Canada's asset-holding subsidiaries in China, Ross Yuan, as Shareholders' Representative, and all of the shareholders of Sino-Canada.Pursuant to the definitive agreement, the Sino-Canada shareholders will receive in exchange for their shares of Sino-Canada 38,209,049 shares of Hartcourt common stock, subject to adjustment. The number of shares of Hartcourt common stock issued in the transaction will be decreased in the event that Sino-Canada's working capital (measured by current assets less current liabilities) decreases by more than five percent at the closing as compared to March 31, 2009, and will be increased in the event that Hartcourt's total liabilities at closing exceeds $600,000, up to a maximum of 45,850,859 shares. Upon the closing, the current shareholders of Sino-Canada will hold approximately 86% of the outstanding shares of common stock of Hartcourt assuming no price adjustment.The Sino-Canada shareholders have ag...
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HARTCOURT COMPANIES INC Files SEC form 10-Q, Quarterly Report

Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations Forward-looking Statements This report contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Such statements are based upon current expectations that involve risks and uncertainties. Any statements contained herein that are not statements of historical fact may be deemed to be forward-looking statements. For example, the words "believes," "anticipates," "plans," "expects," "intends" and similar expressions are intended to identify forward-looking statements. Our actual results and the timing of certain events may differ significantly from the results discussed in the forward-looking statements. Factors that might cause such a discrepancy include, but are not limited to, those discussed in "Risk Factors Affecting Future Results" and "Liquidity and Capital Resources" below. All forward-looking statements in this document are based on information available to us as of the date hereof and we assume no obligation to update any such forward-looking statements. The following discussion should be read in conjunction with our unaudited condensed consolidated financial statements and the accompanying notes contained in this quarterly report. Unless expressly stated or the context otherwise requires, the terms "we," "our," "us" and "Hartcourt" refer to The Hartcourt Companies, Inc. and its subsidiaries. Overview China's Education Markets In 1986, the PRC government implemented a system of compulsory education that requires each child to have at least nine years of formal education. Chinese culture has historically placed a strong emphasis on education. Because of the "one child" policy of the PRC government, C...
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HARTCOURT COMPANIES INC Files SEC form 8-K, Entry into a Material Definitive Agreement, Creation of a Direct Financia

Show all filings for HARTCOURT COMPANIES INC | Request a Trial to NEW EDGAR Online Pro Form 8-K for HARTCOURT COMPANIES INC 13-Apr-2009Entry into a Material Definitive Agreement, Creation of a Direct Financia Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All informati...
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HARTCOURT COMPANIES INC Files SEC form 8-K, Change in Directors or Principal Officers, Other Events

Show all filings for HARTCOURT COMPANIES INC | Request a Trial to NEW EDGAR Online Pro Form 8-K for HARTCOURT COMPANIES INC 7-Apr-2009Change in Directors or Principal Officers, Other Events Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All information provided "as is" for...
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HARTCOURT COMPANIES INC Files SEC form 8-K, Completion of Acquisition or Disposition of Assets, Unregistered Sale of

Show all filings for HARTCOURT COMPANIES INC | Request a Trial to NEW EDGAR Online Pro Form 8-K for HARTCOURT COMPANIES INC 6-Nov-2008Completion of Acquisition or Disposition of Assets, Unregistered Sale of Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All infor...
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