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Lotus Pharmaceuticals, Inc. Reports Second Quarter 2009 Financial Results
Date:8/14/2009

112 9,340,391 LONG-TERM LIABILITIES: Due to related parties 394,460 525,225 Notes payable - related parties 5,063,395 5,056,451 Series A convertible redeemable preferred stock, $.001 par value; 10,000,000 shares authorized; 6,034,477 and 5,747,118 shares issued and outstanding at June 30, 2009 and December 31, 2008, respectively, net -- 3,652,341 Total Liabilities 18,296,967 18,574,408 STOCKHOLDERS' EQUITY: Common stock ($.001 par value; 200,000,000 shares authorized; 43,952,889 and 42,420,239 shares issued and outstanding at June 30, 2009 and December 31, 2008, respectively) 43,953 42,420 Additional paid-in capital 12,070,182 11,554,381 Statutory reserves 4,703,821 3,750,529 Retained earnings 32,957,880 25,557,537 Accumulated other comprehensive income 4,294,250 4,229,243 Total stockholders' Equity 54,070,086 45,134,110 Total Liabilities and Stockholders' Equity $72,367,053 $63,708,518 LOTUS PHARMACEUTICALS, INC. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF INCOME AND OTHER COMPREHENSIVE INCOME (UNAUDITED) For the Three Months Ended For the Six Months Ended June 30, June 30, 2009 2008 2009 2008 NET REVENUES: Wholesale $10,673,718 $14,235,345 $19,614,123 $22,672,643 Retail 2,759,419
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SOURCE Lotus Pharmaceuticals, Inc.
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