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Cash and cash equivalents $ 19,932 $ 61,073
Accounts
receivable, net of
allowance for
doubtful accounts of
$295,141 and $277,140,
respectively 689,102 470,298
Inventories 914,948 818,329
Prepaid expenses 20,897 70,460
Other current assets 136,640 67,372
Total current assets 1,781,519 1,487,532
Property, Plant and Equipment
Buildings 1,237,537 1,162,060
Machinery and equipment 703,157 660,273
Automobiles 81,100 76,154
Office equipment 107,489 93,231
Computer software 10,519 9,877
Property, plant and
equipment - total 2,139,802 2,001,595
Less: accumulated depreciation (525,626) (433,690) Property, plant and equipment - net 1,614,176 1,567,905 Construction in progress 71,631 67,262 Intangible asset - net 281,386 296,245 Deferred financing costs 88,793 129,793 Deposit to purchase proprietary
technology 126,443 126,443 Total assets $ 3,963,948 $ 3,675,180
LIABILITIES AND SHAREHOLDERS'
EQUITY (DEFICIENCY)
Current liabilities
Accounts payable $ 2,193,949 $ 1,805,043
Construction costs payable 315,616 316,902
Due to related
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| SOURCE Kiwa Bio-Tech Products Group Corporation Copyright©2008 PR Newswire. All rights reserved |