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China Sky One Medical, Inc. Announces Record Fourth Quarter and Fiscal Year 2008 Results
Date:4/15/2009

$101,259,329 $37,285,206 LIABILITIES AND STOCKHOLDERS' EQUITY Current Liabilities Accounts payable and accrued expenses $2,937,068 $3,448,701 Taxes payable 3,362,888 1,567,188 Deferred revenue 26,079 24,504 Total current liabilities 6,326,035 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, 50,000,000 shares authorized, 16,306,184 and 12,228,363 issued and outstanding, respectively) 16,306 12,228 Additional paid-in capital 40,105,134 9,572,608 Accumulated other comprehensive income 5,566,806 2,271,843 Retained earnings 49,245,048 20,388,134 Total stockholders' equity 94,933,294 32,244,813 $101,259,329 $37,285,206 China Sky One Medical, Inc. and Subsidiaries Consolidated Statements of Cash Flows Years Ended December 31, 2,008 2,007 CASH FLOWS FROM OPERATING ACTIVITIES Net income $28,856,914 $15,332,945 Adjustments to reconcile net income to net cash provided (used) by operating activities: Allowance for bad debt
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SOURCE China Sky One Medical, Inc.
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