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Sinovac Reports Unaudited First Quarter 2010 Financial Results
Date:5/13/2010

407 5,386,749 Deferred research grants 1,360,908 1,331,476 Deferred tax liability 1,835,953 1,398,123 Total current liabilities 41,000,566 50,012,412 Deferred government grants 2,581,188 2,646,669 Loans payable 8,264,946 -- Long term payable 407,847 407,794 Deferred revenue 6,943,738 6,942,824 Total long term liabilities 18,197,719 9,997,287 Total liabilities 59,198,285 60,009,699 Commitments and contingencies EQUITY Preferred stock -- -- Authorized 50,000,000 shares at par value of $0.001 each Issued and outstanding: nil Common stock 54,097 42,585 Authorized: 100,000,000 shares at par value of $0.001 each Issued and outstanding: 54,097,261 (2009- 42,585,261 ) Additional paid in capital 104,493,734 42,533,876 Accumulated other comprehensive income 4,232,442 4,225,196 Dedicated reserves 9,863,251 9,863,251 Retained earnings 13,685,977 13,993,287 Total stockholders' equity 132,329,501 70,658,195 Non-controlling interests 33,383,849 13,808,247 Total equity 165,713,350 84,466,442 Total liabilities and equity $224,911,635 $144,476,141 SINOVAC BIOTECH LTD. Incorporated in Antigua and Barbuda Consolidated Statements of Income (Loss) and Comprehensive Income (Loss) Three Months Ended March 31, 2010
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SOURCE Sinovac Biotech Ltd.
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