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Kun Run Biotechnology, Inc. Year-End Revenues Increase 56% to $11.6 million
Date:4/1/2009

31, 2008 2007 LIABILITIES AND STOCKHOLDERS' EQUITY LIABILITIES Current liabilities Trade payables $966,937 $572,893 Other payables and accrued expenses 1,672,500 1,257,918 Dividend payable to Zhonghe's former/existing minority stockholders 7,209 20,863 Income tax payable 655,019 -- Amounts due to related companies 936 267,616 Secured borrowings -- 1,371,000 Total current liabilities 3,302,601 3,490,290 Deferred taxes 8,255 -- Secured long-term borrowings 6,528,150 5,792,475 TOTAL LIABILITIES 9,839,006 9,282,765 COMMITMENTS AND CONTINGENCIES MINORITY INTEREST 169,145 103,365 STOCKHOLDERS' EQUITY Preferred stock : par value of $0.001 per share, authorized 10,000,000 shares in 2008 and 2007, none issued and outstanding -- -- Common stock : par value $0.001 per share Authorized 100,000,000 shares in 2008 and 2007; issued and outstanding 25,000,000 shares in 2008 and 24,250,000 shares in 2007 25,000 24,250 Additional paid-in capital 8,969,033 7,541,074 Statutory and other reserves 2,820,850 1,725,313 Accumulated other comprehensive income 1,601,345 742,392 Retained earnings 5,217,499 343,327 TOTAL STOCKHOLDERS' EQUITY 18,633,727 10,376,356 TOTAL LIABILITIES AND S
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