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

9,086

Accounts receivable (net of

allowance for doubtful accounts

of $66,230 in 2007, $59,098 in 2006) 1,006,324 706,858

Inventories 113,365 174,502

Deposits paid 425,397 548,238

Deferred tax assets 310,188 387,801

Other receivables 701,004 114,214

Total Current Assets $5,432,399 $4,520,699

Property and equipment, net 1,949,742 1,949,426

Intangible assets, net 8,894,060 8,807,952

Deferred taxes 113,374 329,001

TOTAL ASSETS $16,389,575 $15,607,078

LIABILITIES AND STOCKHOLDERS' EQUITY

Current Liabilities

Accounts payable $99,212.00 $78,070.00

Receipt in advance 36,690.00 21,176.00

amounts due to related parties 353,751.00 172,404.00

Other payables and accrued

liabilities 1,563,750.00 1,449,576.00

Secured short-term bank loan 647,500.00 641,231.00

TOTAL CURRENT LIABILITIES 2,700,903.00 2,362,457.00

Long-term other loans 194,250.00 192,369.00

TOTAL LIABILITIES 2,895,153.00 2,554,826.00

COMMITMENTS AND CONTINGENCIES

STOCKHOLDERS' EQUITY

Registered and paid up common stock 7,852,802 7,852,802

Additional paid-in capital 5,941,551 5,941,551

Accumulated deficits -1,163,004 -1,476,381

Accumulated other comprehensive income 863,073 734,280

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