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American Oriental Bioengineering Reports Third Quarter 2007 Financial Results
Date:11/5/2007

$615,050

and $615,552 provision for slow

moving inventories at September

30, 2007 and December 31, 2006,

respectively 15,349,597 10,684,316

Advances to suppliers 2,580,911 1,950,101

Notes receivable 2,223,683 3,238,161

Other receivables 89,630 37,545

Due from employees 190,849 585,050

Deposit for acquisition 4,420,770 -

Deferred consulting expenses 97,500 166,600

Total Current Assets 210,910,837 115,587,249

LONG-TERM ASSETS

Plant and equipment, net 42,596,023 32,194,957

Land use rights, net 40,539,275 32,937,743

Construction in progress 173,073 326,121

Deferred tax assets 1,600,940 1,797,153

Other intangible assets, net 9,976,982 383,755

Goodwill 11,467,270 1,933,100

Long-term investment and advance 190,882 113,868

Total Long-Term Assets 106,544,445 69,686,697

TOTAL ASSETS $317,455,282 $185,273,946 See accompanying notes to the condensed consolidated financial statements

AMERICAN ORIENTAL BIOENGINEERING, INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATED BALANCE SHEETS

LIABILITIES AND SHAREHOLDERS' EQUITY

SEPTEMBER 30, DECEMBER 31,

2007 2006

UNAUDITED

CURRENT LIAB
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SOURCE American Oriental Bioengineering, Inc.
Copyright©2007 PR Newswire.
All rights reserved

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