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China Sky One Medical, Inc. Announces Record First Quarter 2008 Results
Date:5/13/2008

es 18,540 24,504

Total current liabilities 4,968,990 5,040,393

Stockholders' Equity

Preferred stock ($0.001 par value,

5,000,000 shares authorized, none

issued and outstanding) -- --

Common stock ($0.001 par value,

20,000,000 shares authorized,

14,952,531 and 12,228,363 issued and

outstanding, respectively) 14,953 12,228

Additional paid-in capital 33,807,551 9,572,608

Accumulated other comprehensive

income 3,920,036 2,271,843

Retained earnings 24,253,045 20,388,134

Total stockholders' equity 61,995,585 32,244,813

$66,964,575 $37,285,206

China Sky One Medical, Inc. and Subsidiaries

Consolidated Statements of Cash Flows

Three Months Ended March 31,

2008 2007

(unaudited) (unaudited)

Cash flows from operating activities

Net Income $3,864,911 $1,549,321

Adjustments to reconcile net cash

provided by operating activities

Depreciation and amortization 140,009 87,579

Share-based compensation expense 10,117 10,117

Net change in assets and liabilities

Accounts receivables and other

receivables 1,859,639 (1,369,449)

Inventories (408,079) (509,889)

Prepaid expenses 5,526 14,564


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SOURCE China Sky One Medical, Inc.
Copyright©2008 PR Newswire.
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