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China Sky One Medical, Inc. Announces Record First Quarter 2009 Results
Date:5/14/2009

0.43 0.26 Diluted Weighted Average Shares Outstanding 16,665,221 14,888,310 Comprehensive Income Net Income 7,242,838 3,864,911 Foreign currency translation adjustment 116,942 1,620,516 Comprehensive Income 7,359,780 5,485,427 China Sky One Medical, Inc. and Subsidiaries Condensed Consolidated Balance Sheets March 31, December 31, 2009 2008 (Unaudited) (Audited) ASSETS Current Assets Cash and cash equivalents $48,788,597 $40,288,116 Accounts receivable, net 14,077,827 14,978,648 Inventories 1,320,295 462,351 Prepaid and other current assets 77,726 106,386 Land and construction deposit 8,523,979 8,513,284 Total current assets 72,788,424 64,348,785 Property and equipment, net 20,907,074 21,058,779 Intangible assets, net 15,531,498 15,851,765 $109,226,996 $101,259,329 LIABILITIES AND STOCKHOLDERS' EQUITY Current Liabilities Accounts payable and accrued expenses $ 3,702,703 $ 2,937,068 Taxes payable 3,202,051 3,362,888 Deferred revenues -- 26,079 Total current liabilities 6,904,754 6,326,035 Commitments and Contingencies Stockholders' Equity Preferred stock ($0.001 par value, 5
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SOURCE China Sky One Medical, Inc.
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