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

Accounts receivable (net

of allowance for doubtful

accounts of $39,427 in

2007, $59,098 in 2006) 749,103 706,858

Inventories 103,176 174,502

Deposits paid 331,257 548,238

Deferred tax assets 132,296 387,801

Other receivables 1,077,967 114,214

Total Current Assets $7,187,301 $4,520,699

Property and equipment, net 1,964,787 1,949,426

Intangible assets, net 9,031,420 8,807,952

Deferred taxes 115,109 329,001

TOTAL ASSETS $18,298,617 $15,607,078

LIABILITIES AND STOCKHOLDERS' EQUITY

Current Liabilities

Accounts payable $82,367.00 $78,070.00

Receipt in advance 65,978.00 21,176.00

Amounts due to related parties 385,838.00 172,404.00

Other payables and accrued

liabilities 1,937,791.00 1,449,576.00

Secured short-term bank loan 1,315,000.00 641,231.00

TOTAL CURRENT LIABILITIES 3,786,974.00 2,362,457.00

Long-term other loans 197,250.00 192,369.00

TOTAL LIABILITIES COMMITMENTS AND

CONTINGENCIES 3,984,224.00 2,554,826.00

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 -559,779 -1,476,381

Accumulated other comprehensive income 1,079,819 734,
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SOURCE Xi'an Landway Bionanometer Technology Co., Ltd.
Copyright©2008 PR Newswire.
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