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China Pharma Holdings, Inc. Reports Third Quarter 2009 Financial Results and Corporate Updates
Date:11/11/2009

ed tax assets 252,394 461,596 Total Current Assets 70,014,382 59,732,241 Non-current Assets: Property and equipment, net of accumulated depreciation of $1,863,014 and $1,483,267, respectively 6,872,135 6,738,368 Intangible assets, net of accumulated amortization of $1,132,055 and $547,567, respectively 15,321,200 6,162,549 Advances for purchases of intangible assets and property and equipment 3,101,289 2,838,679 Total Non-current Assets 25,294,624 15,739,596 TOTAL ASSETS $95,309,006 $75,471,837 LIABILITIES AND STOCKHOLDERS' EQUITY Current Liabilities: Trade accounts payable $3,638,398 $1,049,268 Accrued expenses 44,864 56,075 Accrued taxes payable 1,456,375 1,170,003 Other payables 276,227 42,813 Advances from customers 804,176 693,178 Other payables - related parties 75,741 75,741 Short-term notes payable 3,802,504 2,480,231 Total Current Liabilities 10,098,285 5,567,309 Long term research and development commitments 36,563 36,474 Total Liabilities 10,134,848 5,603,783 Stockholders' Equity: Common stock, $0.001 par value; 60,000,000 shares authorized; 42,278,938 shares issued and outstanding 42,279 42,279 Additional paid-in capital 21,066,338 21,066,338 Retained earnings 58,166,838 4
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SOURCE China Pharma Holdings, Inc.
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