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China Pharma Holdings, Inc. Reports Third Quarter 2008 Financial Results and Corporate Updates
Date:11/7/2008

Total Current Assets 54,517,942 38,022,998

Non-current Assets:

Property and equipment, net of

accumulated depreciation of

$1,350,913 and $1,003,802,

respectively 2,619,965 2,625,216

Intangible assets, net of accumulated

amortization of $465,132 and

$221,715, respectively 2,432,253 2,063,252

Advances for purchases of

intangible assets 6,840,631 807,345

Deferred tax assets 413,890 187,509

Total Non-current Assets 12,306,739 5,683,322

TOTAL ASSETS $66,824,681 $43,706,320

LIABILITIES AND SHAREHOLDERS' EQUITY

Current Liabilities:

Trade accounts payable $505,704 $297,299

Accrued expenses 47,450 261,301

Accrued taxes payable 946,948 311,009

Other payables 130,652 86,161

Advances from customers 674,135 261,583

Short-term notes payable -- 2,693,428

Total Current Liabilities 2,304,889 3,910,781

Research and development commitments 36,381 34,181

Total Liabilities 2,341,270 3,944,962

Stockholders' Equity:

Common stock, $0.001 par value,

60,000,000 shares authorized,

42,278,938 and 37,278,938 shares

issued and outstanding, respectively 42,279 37,279

Additional paid-in capital 21,062,586 11,678,606

Foreign currency translation

adjustment
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SOURCE China Pharma Holdings, Inc.
Copyright©2008 PR Newswire.
All rights reserved

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