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American Oriental Bioengineering Reports First Quarter 2010 Financial Results
Date:5/10/2010

d financing costs 3,055,621 3,287,694 Total Long-Term Assets 396,762,265 398,564,457 TOTAL ASSETS $576,712,156 $576,481,765 LIABILITIES AND SHAREHOLDERS' EQUITY MARCH 31, DECEMBER 31, 2010 2009 CURRENT LIABILITIES Accounts payable $10,660,316 $7,497,143 Notes payable 3,297,568 3,392,575 Other payables and accrued expenses 14,935,485 22,320,757 Taxes payable 352,439 947,338 Short-term bank loans 10,386,039 10,384,368 Current portion of long-term bank loans 60,404 60,108 Other liabilities 3,140,176 2,199,280 Deferred tax liabilities 172,017 172,473 Total Current Liabilities 43,004,444 46,974,042 LONG-TERM LIABILITIES Long-term bank loans 727,731 743,957 Deferred tax liabilities 15,737,755 15,961,465 Unrecognized tax benefits 3,300,625 2,746,561 Convertible Notes 115,000,000 115,000,000 Total Long-Term Liabilities 134,766,111 134,451,983 TOTAL LIABILITIES 177,770,555 181,426,025 EQUITY SHAREHOLDERS' EQUITY Preferred stock, $0.001 par value; 2,000,000 shares authorized; 1,000,000 shares issued and outstanding at March 31, 2010 and December 31, 2009, respectively 1,000 1,000 Common stock, $0.001 par value; 150,000,000 shares authorized; 78,321,439 shares issued a
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