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Sinovac Reports Third Quarter 2008 Unaudited Financial Results
Date:11/18/2008

CKHOLDERS' EQUITY Current liabilities Loans payable $3,646,920 $6,836,110 Accounts payable and accrued liabilities 12,234,749 9,522,818 Due to related parties 46,971 46,971 Dividends payable to minority Interest shareholder of Sinovac Beijing 115,661 3,000,459 Deferred research grants 1,193,470 1,038,396 Total current liabilities 17,237,771 20,447,754 Deferred government grants 2,917,536 2,734,444 Loan payable 3,646,920 1,367,222 Long - term debt 6,564,456 4,101,666 Total liabilities 23,802,227 24,546,420 Minority interest 5,787,345 2,897,687 Commitments and contingencies STOCKHOLDERS' EQUITY Preferred stock -- -- Authorized 50,000,000 shares at par value of $0.001 each Issued and outstanding: nil Common stock 42,881 40,305 Authorized: 100,000,000 shares at par value of $0.001 each Issued and outstanding: 42,881,023 (2007 - 40,305,028) Subscriptions received 20,060 9,170 Additional paid in capital 42,021,057 32,109,997 Accumulated other comprehensive income 4,240,457 1,956,456 Dedicated reserves 2,999,396 2,999,396 Accumulated deficit (1,475,385) (7,111,469) Total stockholders' equity 47,848,466 30,003,855 Total liabilities and stockholde
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SOURCE Sinovac Biotech Ltd.
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