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China Sky One Medical, Inc. Announces Record Fourth Quarter and Fiscal Year 2007 Results
Date:4/2/2008

17,707 103,734

Total current assets 20,487,555 10,168,122

Property and equipment, net 6,861,432 4,503,397

8,003,205

Intangible assets, net 1,933,014 2,009,517

$ 37,285,206 $16,681,036

LIABILITIES AND STOCKHOLDERS' EQUITY

Current Liabilities

Accounts payable and accrued expenses $ 2,845,308 $ 822,786

Wages payable 381,482 260,290

Welfare payable 221,911 141,489

Taxes Payable 1,567,188 566,416

Deferred revenue 24,504 67,541

Notes Payable -- 511,672

Total current liabilities 5,040,393 2,370,194

Stockholders' Equity

Preferred stock ($0.001 par value, 5,000,000

shares authorized, none issued

and outstanding) -- --

Common stock ($0.001 par value, 20,000,000

shares authorized, 12,228,363 and

12,031,536 issued and outstanding, respectively) 12,228 12,032

Additional paid-in capital 9,572,608 8,821,502

Accumulated other comprehensive income 2,271,843 422,119

Retained earnings 20,388,134 5,055,189

Total stockholders' equity 32,244,813 14,310,842

$ 37,285,206 $16,681,036

China Sky One Medical, Inc. and Subsidiaries

Audited Consolidated Statements of Cash Flows

Years Ended December 31,<
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SOURCE China Sky One Medical, Inc.
Copyright©2008 PR Newswire.
All rights reserved

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