21,146,928 23,690,440
Goodwill 28,543,226 28,543,226
Long-term investment and advance 55,452,267 54,963,064
Unamortized financing cost 3,751,838 4,215,983
Total Long-Term Assets 387,263,948 391,602,867
TOTAL ASSETS $540,796,581 $524,054,837
LIABILITIES AND EQUITY
JUNE 30, DECEMBER 31,
2009 2008
(UNAUDITED)
CURRENT LIABILITIES
Accounts payable $12,548,451 $12,287,887
Notes payables 3,011,486 3,262,877
Other payables and accrued expenses 14,251,673 19,766,652
Taxes payable 625,261 420,671
Short-term bank loans 6,720,430 7,140,148
Current portion of long-term bank loans 59,396 58,659
Other liabilities 2,511,295 2,253,440
Deferred tax liability 1,121,738 846,026
Total Current Liabilities 40,849,730 46,036,360
LONG-TERM LIABILITIES
Long-term bank loans, net of current
portion 774,641 804,521
Long-term notes payable -- 269,908
Deferred tax liabilities 15,963,766 16,083,768
Convertible notes 115,000,000 115,000,000
Total Long-Term Liabilities 131,738,407 132,158,197
TOTAL LIABILITIES 172,588,137 178,194,557
COMMITMENTS
EQUITY
'/>"/>SOURCE American Oriental Bioengineering, Inc. Copyright©2009 PR Newswire. All rights reserved | |
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