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Tiens Biotech Group (USA) Reports Second Quarter and Six-Month Results
Date:8/14/2009

1,373,096 Amortization 194,380 140,911 Interest expense (income) 2,710 (92,523) Gain on sale of assets (15,717) (8,554) (Increase) decrease in assets: Accounts receivable, trade - related parties (5,532,449) (15,693,689) Accounts receivable, trade - third parties -- 22,722 Other receivables 10,743 498,556 Other receivables - related parties (992,241) (526,327) Inventories 3,355,993 190,894 Employee advances (80,805) (185,415) Prepaid expense (435,576) 365,778 Increase (decrease) in liabilities: Accounts payable (1,579,065) 1,223,358 Advances from customers - related parties (219,470) 663,444 Wages and benefits payable (703,898) (422,254) Other taxes payable 8,920 1,205,680 Other payables (395,970) (67,118) Other payables - related parties (202,847) 16,388 Net cash provided by (used in) operating activities 13,645,862 (1,119,756) CASH FLOWS FROM INVESTING ACTIVITIES: Collection from loans to local government 105,193 450,197 Repayment of loan from related parties -- 2,133,222 Construction deposits (3,846,961) (2,206,145) Contractor deposits 158,551 101,801 Addition to construction in pr
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SOURCE Tiens Biotech Group (USA), Inc.
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