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American Oriental Bioengineering Reports Second Quarter 2008 Financial Results
Date:8/11/2008

(UNAUDITED)

CURRENT LIABILITIES

Accounts payable $ 4,671,462 $ 3,436,352

Other payables and accrued expenses 8,281,952 7,786,157

Taxes payable 3,766,436 2,843,719

Short-term bank loans 6,694,025 6,289,222

Current portion of long-term bank

loans 2,958,324 2,374,565

Other liabilities 2,711,988 3,621,030

Deferred tax liabilities 358,529 109,733

Total Current Liabilities 29,442,716 26,460,778

LONG-TERM LIABILITIES

Long-term bank loans, net of current

portion 828,879 1,263,483

Long-term notes payable 296,668 286,365

Deferred tax liabilities 16,713,352 12,621,180

Total Long-Term

Liabilities 17,838,899 14,171,028

TOTAL LIABILITIES 47,281,615 40,631,806

COMMITMENTS

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 1,000 1,000

Common stock, $0.001 par value;

150,000,000 shares authorized;

78,249,264 and 77,991,935 shares

issued and outstanding at June 30,

2008 and December 31, 2007,

respectively. 78,249 77,992

Common stock to be issued 182,332 1,611,333

Additional paid-in capital 195,253,082 193,007,987

Retained earnings (the restricted

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SOURCE American Oriental Bioengineering, Inc.
Copyright©2008 PR Newswire.
All rights reserved

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