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Tiens Biotech Group (USA) Reports Second Quarter and Six-Month Results
Date:8/14/2008

5,274,200 5,301,847

Total other assets 71,880,852 55,430,716

Total assets $ 178,809,547 $ 161,552,074

TIENS BIOTECH GROUP (USA), INC. AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS AS OF JUNE 30, 2008 AND DECEMBER 31, 2007 L I A B I L I T I E S A N D S H A R E H O L D E R S' E Q U I T Y

June 30, December 31,

2008 2007

As Adjusted

(Unaudited) (Note 1) CURRENT LIABILITIES:

Accounts payable $ 5,592,022 $ 4,070,906

Advances from customers - related

parties 2,493,135 1,700,838

Wages and benefits payable 892,276 1,250,685

Other taxes payable 451,829 536,819

Income taxes payable 2,803,788 665,726

Contractor deposits 738,208 595,128

Contactor payables 9,350,693 7,820,285

Other payables 1,137,420 1,133,539

Other payables - related parties 7,437,449 7,938,205

Dividend payable to minority interest -- 4,902,629

Current portion of long term debt,

related party 2,130,000 2,130,000

Total current liabilities 33,026,820 32,744,760

NON-CURRENT LIABILITIES

Long term debt, net of current

portion, related party 3,202,742 4,267,742

Other payables-non current
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SOURCE Tiens Biotech Group (USA), Inc.
Copyright©2008 PR Newswire.
All rights reserved

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