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China Bionanometer Industries Corporation Announces Record Second Quarter 2007 Results
Date:1/29/2008

2,589,086 $2,012,874

Trade receivables (net of allowance

of doubtful accounts of $59,098

in 2006 and $14,064 in 2005) 706,858 25,956

Amounts due from related parties 548,238 200,552

Other receivables, prepayments 114,214 122,707

Deferred tax assets 387,801 517,039

Inventories 174,502 393,218

Total current assets 4,520,699 3,272,346

Deposits for acquisition of building 923,373 --

Know-how 2,500,802 2,417,244

Property, plant and equipment, net 1,026,053 1,066,138

Deferred taxes 329,001 522,024

TOTAL ASSETS $9,299,928 $7,277,752

Landway Bionanometer Technology Joint-stock Co., Ltd

Balance Sheets (Cont'd)

(Stated in US Dollars)

As of December 31,

2006 2005

LIABILITIES AND STOCKHOLDERS' EQUITY

LIABILITIES

Current liabilities

Trade payables $78,070 $64,947

Other payables and accrued expenses 1,641,945 738,084

Receipt in advance 21,176 26,022

Amounts due to related parties 172,404 115,157

Secured short-term bank loan 641,231 495,845

Total current liabilities 2,554,826 1,440,055

TOTAL LIABILITIES 2,554,826 1,440,055

COMMITMENTS AND CONTINGENCIES

STOCKH
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SOURCE Xi'an Landway Bionanometer Technology Co., Ltd.
Copyright©2008 PR Newswire.
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