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

17,554) (58,311) - depreciation of property, plant and equipment and amortization of licenses and permits 891,007 483,670 - deferred government grant recognized in income (65,830) (51,316) - accounts receivable 1,829,731 (2,462,999) - inventories (3,771,749) (2,331,763) - income tax payable (2,628,408) (885,252) - prepaid expenses and deposits (335,770) 30,904 - long term payable, deferred revenue and advances from customers (234,054) -- - accounts payable and accrued liabilities (6,100,581) (2,771,775) Net cash used in operating activities (10,146,421) (6,832,231) Cash flows from (used in) financing activities - Loan proceeds 8,265,031 -- - Proceeds from issuance of common stock net of share issuance costs 61,867,706 -- - Repurchase of common shares -- (319,643) - Loan to non-controlling shareholder of Sinovac Beijing (6,572,159) (1,460,600) - Government grant received 46,811 -- Net cash provided by (used in) financing activities 63,607,389 (1,780,243) Cash flows used in investing activities - Restricted cash 57,961 -- - Proceeds from disposal of equipment 189,876 -- - Proceeds from redemption of short - term investments 7,314,187 -- - Purchase of short-term investments (8,338,173) -- - Pr
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SOURCE Sinovac Biotech Ltd.
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