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American Oriental Bioengineering Reports Third Quarter 2007 Financial Results


Accounts payable $ 4,781,481 $ 2,871,981

Other payables and accrued expenses 7,443,882 4,549,867

Taxes payable 2,243,868 2,211,542

Short-term bank loans 6,119,007 8,314,679

Current portion of long-term bank loans 977,739 1,450,905

Customer deposits 1,393,819 2,263,654

Notes payable 69,125 66,216

Payable for acquisition 11,681,890 -

Other liabilities 769,721 1,606,334

Total Current Liabilities 35,480,532 23,335,178


Long-term bank loans, net of current

portion 2,601,679 915,909

Long-term notes payable 274,424 255,836

Deferred tax liabilities 8,882,761 4,580,698

Other liabilities 1,597 9,083

Total Long-Term Liabilities 11,760,461 5,761,526

TOTAL LIABILITIES 47,240,993 29,096,704



Preferred stock, $0.001 par value;

2,000,000 shares authorized;

1,000,000 shares issued and

outstanding at September 30, 2007

and December 31, 2006, respectively 1,000 1,000

Common stock, $0.001 par value;

150,000,000 shares authorized;

74,909,301 and 64,230,369 shares

issued and outstanding, respectively 74,909 64,230

Stock to be issued 197,083 599,069

Additional paid-in capital 172,963,877 92,307,960

Retained earnings

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

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