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China Yongxin Pharmaceuticals, Inc. Announces 2008 Fourth Quarter and Full Year Financial Results
Date:4/23/2009

LIABILITIES AND STOCKHOLDERS' EQUITY Current Liabilities: Accounts payable $3,255,148 $5,030,340 Accrued expenses & other payable 2,412,067 1,435,235 Advances from customers 2,580,894 799,910 Tax payable 1,240,411 282,899 Loan to related parties 184,662 1,722,557 Short-term loan payable 1,967,185 389,977 Deferred income 273,753 239,937 Shares to be issued 35,000 35,000 Net liabilities of discontinued operations 628,837 628,777 Total Current Liabilities 12,577,956 10,564,632 Long term loan 1,320,390 959,616 Minority Interests 4,098,940 2,640,128 Commitments and Contingency -- -- Stockholders' Equity: Preferred stock, $0.001 par value; 5,000,000 shares authorized; 5,000,000 shares issued and outstanding 5,000 5,000 Common stock; $0.001 par value; 75,000,000 shares authorized; 31,400,540 and 31,041,845 shares issued and outstanding as of December 31, 2008 and December 31, 2007 31,401 31,042 Additional paid in capital 615,906 -- Deferred consulting expense - issuance of warrants (72,815) -- Prepaid consulting - issuance of shares (68,750) -- Receivable from a related party (50,000) -- Sta
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SOURCE China Yongxin Pharmaceuticals, Inc.
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