Taxes payable 127,845 34,857
Accrued expenses and other payables (54,636) (2,423)
Cash provided by (used in) operating activities (242,491) 857,492
Cash Flow from Investing Activities:
Purchase of property and equipment (28,151) (1,811)
Purchase of patent/land use right -- (98,579)
Investment advance (622,109) --
Collection of short term loan 2,194,774 --
Deposits on buildings and land (1,308,119) --
Collections on loans to related party 1,381,894 265,046
Additions to construction in process (109,714) (280,360)
Cash used in investing activities 1,508,575 (115,704)
Cash Flows from Financing Activities:
Net proceeds from issuance of common stock
Payment of notes payable -- --
Cash provided by (used in) financing activities -- --
Effect of exchange rate changes on cash and cash
equivalents 833,017 136,016
Increase in cash and cash equivalents 2,099,101 877,804
Cash and Cash Equivalents- Beginning of period 736,683 77,867
Cash and Cash Equivalents- End of period $2,835,784 $955,671
Supplemental disclosures of cash flow
information:
1. Interest paid -- --
2. Income taxes paid -- --
For more information, please contact:
Company Contact:
Ms. Yingxia, Jiao
Chief Executive Officer
China Yingxia International, Inc.
Tel:
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