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Tianyin Pharmaceutical Co., Inc. Announces Record Second Quarter 2010 Financial Results
Date:2/8/2010

000 shares authorized, 2,322,750 and 7,146,500 shares issued and outstanding at December 31, 2009 and June 30, 2009, respectively 2,323 7,147 Additional paid-in capital 28,337,810 19,694,514 Statutory reserve 2,299,807 2,299,807 Treasury stock (111,587) (111,587) Retained earnings 20,393,640 16,486,775 Accumulated other comprehensive income 2,598,164 2,551,380 Total stockholders' equity 53,545,953 40,945,945 Noncontrolling interest 439,059 -- Total equity 53,985,012 40,945,945 Total liabilities and equity $58,767,047 $45,332,344 Consolidated Statements of Operations and Comprehensive Income (Unaudited) For the Three Months Ended For the Six Months Ended December 31, December 31, 2009 2008 2009 2008 Sales $14,936,378 $10,101,869 $28,341,581 $19,663,809 Cost of sales 7,177,503 4,944,980 13,526,730 9,627,603 Gross profit 7,758,875 5,156,889 14,814,851 10,036,206 Operating expenses: Selling, general and administrative 4,409,735 2,595,311 8,527,501 5,228,672 Research and development 197,380 84,220 389,870 166,858 Total operating expenses 4,607,115 2,679,531 8,917,371 5,395,530 Income from operations 3,151,760 2,477,358 5,897,480 4,640,676 Other income (expenses): Interest income (expense), net (10,443) 15,564 (1
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