China Shenghuo Announces Restated Results For Full Year 2007 & First Quarter 2008, Reports Results For Second & Third Qu...(302 4125193 Receivable from r...),Health

Date:11/20/2008

,302 4,125,193 Receivable from related parties -- 27,555 Other current assets 30,991 159,657 Total Current Assets 23,527,885 26,600,382 Property, plant and equipment, net of accumulated depreciation of $4,953,450 and $4,247,993, respectively 7,769,698 7,573,204 Intangible assets, net of accumulated amortization of $55,341 and $42,957, respectively 680,198 648,090 Long-term employee advances, less allowance for doubtful accounts of $1,358,402 and $1,717,078, respectively 592,608 514,042 TOTAL ASSETS $32,570,389 $35,335,718 LIABILITIES AND STOCKHOLDERS' EQUITY: Current Liabilities: Accounts payable $1,454,486 $745,514 Accrued expenses 1,795,233 2,017,748 Deposits 2,757,554 3,439,892 Payable to related parties 50,561 94,939 Short-term notes payable 4,731,702 5,334,260 Advances from customers 129,396 119,287 Taxes and related payables 650,759 855,084 Current portion of long-term debt 2,910,446 4,101,667 Total Current Liabilities 14,480,137 16,708,391 Long-Term Debt 8,149,248 6,836,111 Total Liabilities 22,629,385 23,544,502 Minority Interest in Net Assets of Subsidiaries 329,162 479,318 Stockholders' Equity: Preferred stock, $0.0001 par value, 10,000,000 sha
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SOURCE China Shenghuo Pharmaceutical Holdings, Inc. Copyright©2008 PR Newswire. All rights reserved

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