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China Pharma Holdings, Inc. Reports First Quarter 2010 Financial Results
Date:5/11/2010

294,654 $3,677,648 Depreciation and amortization 419,903 258,021 Stock based compensation 47,624 -- Changes in assets and liabilities: Trade accounts receivable (1,224,072) (4,992,389) Other receivables (6,209) (46,549) Advances to suppliers (1,037,525) 1,211,004 Inventory (1,604,046) (49,800) Deferred tax assets (72,339) (122,965) Trade accounts payable 318,952 1,174,251 Accrued expenses (36,265) (7,723) Accrued taxes payable 155,402 (15,659) Other payables 2,043 2,004 Advances from customers (134,791) 29,292 Net Cash Provided by Operating Activities 1,123,331 1,117,135 Cash Flows from Investing Activities: Advances for purchases of property and equipment and intangible assets (1,291,216) (2,376,453) Purchase of property and equipment (58,272) (523,476) Purchase of intangible assets (1,207,541) -- Net Cash Used in Investing Activities (2,557,029) (2,899,929) Cash Flows from Financing Activity: Proceeds from exercise of warrants 2,583,000 -- Net Cash Provided by Financing Activity 2,583,000 -- Effect of Exchange Rate Changes on Cash 527 7,527 Net Increase (Decrease) in Cash 1,149,829 (1,775,267) Cash and Cash Equivalents at Beginning of Period 3,634,753 6,927,149 Cash and Cash Equivalents at End of Period
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SOURCE China Pharma Holdings, Inc.
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