QKL Stores Inc. announced unaudited consolidated earnings results for the first quarter ended March 31, 2014. For the quarter, net sales were $86,032,676 compared to $97,057,191 a year ago. Loss from operations was $1,781,434 compared to income from operations of $796,899 a year ago.

Loss before income taxes was $3,050,579 compared to income before income taxes of $692,864 a year ago. Net loss was $3,056,451 or $2.01 basic and diluted per share compared to net income of $403,270 or $0.27 basic and diluted per share a year ago. Net cash provided by operating activities was $17,999,337 compared to $24,268,895 a year ago.

Purchases of property, plant and equipment was $81,623 compared to $350,987 a year ago. Revenue decreased by $11.1 million, or 11.4%.