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Shengtai Pharmaceutical, Inc. Reports Second Quarter Fiscal 2009 Financial Results
Date:2/13/2009

$7,377,921 $7,669,728 Accounts payable - related parties 1,104,312 714,776 Notes payable - banks 10,767,780 10,942,500 Short term loans 23,266,620 22,658,270 Accrued liabilities 257,281 261,187 Other payable 2,474,936 2,146,108 Employee loans 1,080,531 1,382,287 Employee loan - officer 53,871 53,605 Third party loan 242,783 640,228 Customer deposit 1,203,835 804,323 Taxes payable 2,863,436 4,631,252 Current portion of capital lease obligations 58,445 -- Total current liabilities 50,751,751 51,904,264 LONG TERM LIABILITIES: Capital lease obligation, net of current portion 5,076,055 -- Other payable - noncurrent 1,859,323 2,653,995 Total long term liabilities 6,935,378 2,653,995 Total liabilities 57,687,129 54,558,259 COMMITMENTS AND CONTINGENCIES -- -- SHAREHOLDERS' EQUITY: Preferred stock, $0.001 par value, 5,000,000 shares authorized, no shares issued and outstanding -- -- Common stock, $0.001 par value, 100,000,000 shares authorized, 19,169,805 and 19,094,805 shares issued and outstanding as of December 31, 2008 and June 30, 2008, respectively 19,170 19,095 Paid-in capital 20,306,019 19,
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SOURCE Shengtai Pharmaceutical, Inc.
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