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China Shenghuo Announces Restated Results For Full Year 2007 & First Quarter 2008, Reports Results For Second & Third Quarter 2008
Date:11/20/2008

Property, plant and equipment, net of accumulated depreciation of $5,148,741 and $4,247,993, respectively 7,687,342 7,573,204 Intangible assets, net of accumulated amortization of $61,913 and $42,957, respectively 675,406 648,090 Long-term employee advances, less allowance for doubtful accounts of $881,198 and $1,717,078, respectively 544,320 514,042 TOTAL ASSETS $33,782,797 $35,335,718 LIABILITIES AND STOCKHOLDERS' EQUITY: Current Liabilities: Accounts payable $1,465,178 $745,514 Accrued expenses 1,649,091 2,017,748 Deposits 3,623,968 3,439,892 Payable to related parties 236,632 94,939 Short-term notes payable 4,743,230 5,334,260 Advances from customers 249,782 119,287 Taxes and related payables 571,113 855,084 Current portion of long-term debt 8,460,854 4,101,667 Total Current Liabilities 20,999,848 16,708,391 Long-Term Debt 2,625,782 6,836,111 Total Liabilities 23,625,630 23,544,502 Minority Interest in Net Assets of Subsidiaries 336,923 479,318 Stockholders' Equity: Preferred stock, $0.0001 par value, 10,000,000 shares authorized, 0 shares outstanding -- -- Common Stock, $0.0001 par value, 100,000,000 shares authorized, 19,679,400 outstanding, respectively 1,968 1,968 Additional paid-in cap
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SOURCE China Shenghuo Pharmaceutical Holdings, Inc.
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