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

3,644,530 4,896,607 5,661,077 Other revenues 198,592 1,505,737 945,286 2,761,069 Total Net Revenues 13,631,729 19,385,612 25,456,016 31,094,789 COST OF SALES 5,743,166 9,696,718 10,929,324 17,465,143 GROSS PROFIT 7,888,563 9,688,894 14,526,692 13,629,646 OPERATING EXPENSES: Selling expenses 1,801,235 5,875,549 3,503,034 6,997,886 Research and development -- 471,243 -- 1,181,468 General and administrative 769,103 542,043 1,516,309 1,168,460 Total Operating Expenses 2,570,338 6,888,835 5,019,343 9,347,814 INCOME FROM OPERATIONS 5,318,225 2,800,059 9,507,349 4,281,832 OTHER INCOME (EXPENSE): Debt issuance costs (99,516) (99,517) (199,033) (162,403) Interest income 44,793 2,027 46,112 2,588 Interest expense (470,551) (522,660) (918,648) (946,009) Total Other Income (Expense) (525,274) (620,150) (1,071,569) (1,105,824) INCOME BEFORE INCOME TAXES 4,792,951 2,179,909 8,435,780 3,176,008 INCOME TAXES 7,418 -- 82,145 -- NET INCOME $4,785,533 $2,179,909 $8,353,635 $3,176,008 COMPREHENSIVE INCOME: NET INCOME 4,785,533 2,179,909 8,353,635 3,176,008 OTHER COMPREHENSIVE INCOME: Unrealized foreign currency translation gain 2,896 1,587,538 65,007 3,041,741 COMPREHENSIVE INCOME $4,788,429 $3,767,447 $8,418,642 $6,217,749 NET INCOME PER COMMON SHARE: Basic
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