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China-Biotics, Inc. Reports Record Quarterly and Annual Revenue Growth for Fiscal Year 2010
Date:6/13/2010

$ 232,934,682 $ 120,804,347 LIABILITIES AND STOCKHOLDERS' EQUITY Current liabilities: Accounts payable $ 5,850,988 $ 2,909,898 Tax payables 28,989,337 25,528,447 Amount due to a director -- 2,380,007 Other payables and accruals 1,815,487 1,517,753 Convertible note, net of discount of $2,853,094 as of March 31, 2010 22,146,906 -- Embedded derivatives 14,797,000 -- Interest payable 3,156,035 -- Total current liabilities $ 76,755,753 $ 32,336,105 Non-current liabilities Convertible note, net of discount of $6,000,054 as of 2009 $ -- $ 18,999,946 Embedded derivatives -- 2,660,000 Interest payable -- 1,411,942 Total non-current liabilities $ -- $ 23,071,888 Commitments and contingencies Stockholders' equity: Preferred stock (par value of $0.01, 10,000,000 shares authorized, none issued) $ -- $ -- Common stock (par value of $0.0001, 100,000,000 shares authorized, 41,461,004 shares issued and 17,080,000 outstanding as of March 31, 2009 and 46,751,004 shares issued and 22,370,000 outstanding as of March 31, 2010) 4,675 4,146 Additional paid-in capital 82,769,074 7,863,031 Retained earnings 65,441,994 49,794,033 Treasury stock at cost (24,381,004 shares) (2,438) (2,438) Accumulated other comprehensive income 4,939,830 4,711,788 Capital and stat
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