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American Oriental Bioengineering Reports Fourth Quarter and Full Year 2008 Financial Results
Date:3/9/2009

42,551 Unamortized financing costs 4,215,983 -- Total Long-Term Assets 391,602,867 146,842,580 TOTAL ASSETS $524,054,837 $353,714,896 LIABILITIES AND SHAREHOLDERS' EQUITY DECEMBER 31, DECEMBER 31, 2008 2007 CURRENT LIABILITIES Accounts payable $12,287,887 $3,436,352 Notes payables 3,262,877 72,254 Other payables and accrued expenses 19,766,652 7,786,157 Taxes payable 420,671 2,843,719 Short-term bank loans 7,140,148 6,289,222 Current portion of long-term bank loans 58,659 2,374,565 Other liabilities 2,253,440 3,548,776 Deferred tax liabilities 846,026 109,733 Total Current Liabilities 46,036,360 26,460,778 LONG-TERM LIABILITIES Long-term bank loans 804,521 1,263,483 Long-term notes payable 269,908 286,365 Deferred tax liabilities 16,083,768 12,621,180 Convertible Note 115,000,000 -- Total Long-Term Liabilities 132,158,197 14,171,028 TOTAL LIABILITIES 178,194,557 40,631,806 COMMITMENTS MINORITY INTERESTS 652,081 -- SHAREHOLDERS' EQUITY Preferred stock, $0.001 par value; 2,000,000 shares authorized; 1,000,000 shares issued and outstanding at June 30, 2008 and December 31, 2007, respectively
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SOURCE American Oriental Bioengineering, Inc.
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