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

lling interest (1,040) -- Share-based payments 1,055,395 -- Loss on disposal of fixed assets 39,510 -- Changes in current assets and current liabilities: Accounts receivable (3,013,450) 132,660 Inventory 592,309 (1,117,856) Other receivables 401,237 608,042 Other current assets 37,500 227,140 Accounts payable and accrued expenses 256,055 (119,588) VAT taxes payable 83,038 71,402 Income tax payable 80,668 66,275 Other taxes payable 3,788 (35,705) Other current liabilities 193,483 732 Total adjustments 122,068 70,721 Net cash provided by operating activities 4,879,392 3,918,833 Cash flows from investing activities: Additions to property and equipment (1,288,234) (570,491) Additions to intangible assets - drug (2,742,168) (130,323) Advance payments for research and development -- (2,155,450) Loan receivable (293,280) -- Net cash used in investing activities (4,323,682) (2,856,264) Cash flows from financing activities: Repayment of bank loans -- (512,505) Additional paid-in capital 7,590,962 -- Proceeds from minority shareholders 439,920 -- Payment of dividends (1,077,335) -- Net cash
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