China Pharma Holdings, Inc. Reports First Quarter 2009 Financial Results and Corpora...(r doubtful accounts of $71272 and ...),Health

Date:5/15/2009

r doubtful accounts of $71,272 and $54,242, respectively 210,717 163,957 Advances to suppliers 2,752,786 3,031,694 Inventory 13,206,064 13,139,750 Deferred tax assets 585,159 461,596 Total Current Assets 62,953,051 59,732,241 Non-current Assets: Property and equipment, net of accumulated depreciation of $1,596,729 and $1,483,267, respectively 7,158,787 6,738,368 Intangible assets, net of accumulated amortization of $716,537 and $547,567, respectively 6,002,008 6,162,549 Advances for purchases of intangible assets and property and equipment 4,312,403 2,838,679 Total Non-current Assets 17,473,198 15,739,596 TOTAL ASSETS $80,426,249 $75,471,837 LIABILITIES AND SHAREHOLDERS' EQUITY Current Liabilities: Trade accounts payable $2,225,006 $1,049,268 Accrued expenses 48,421 56,075 Accrued taxes payable 1,155,812 1,170,003 Other payables 44,865 42,813 Advances from customers 723,345 693,178 Other payables - related parties 75,741 75,741 Short-term notes payable 2,483,347 2,480,231 Total Current Liabilities 6,756,537 5,567,309 Research and development commitments 36,520 36,474 Total Liabilities 6,793,057 5,603,783 Stockholders' Equity: Common stock,
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SOURCE China Pharma Holdings, Inc. Copyright©2009 PR Newswire. All rights reserved

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