Diluted Earnings Per Share $ 0.26 $ 0.10
Basic Weighted Average Shares
Outstanding 41,417,434 40,360,530
Diluted Weighted Average Shares
Outstanding 43,861,106 40,360,530
The Components of Other
Comprehensive Income
Net Income $ 11,217,128 $ 4,143,020
Foreign currency translation
adjustment 1,480,352 327,568
Comprehensive Income $ 12,697,480 $ 4,470,588
LOTUS PHARMACEUTICALS, INC. AND SUBSIDIARIES
Audited Consolidated Balance Sheets
December 31, 2007 and 2006
2007 2006
Current Assets (restated)
Cash and cash equivalents $ 4,557,957 $ 2,089,156
Accounts receivable, net 20,430,827 7,277,067
Inventories 3,410,739 3,133,677
Prepaid expenses 1,009,382 252,103
Deferred debt costs 29,340 --
Total current assets 29,438,245 12,752,003
Property and equipment, net 6,169,966 5,813,935
Intangible assets, net 1,291,322 1,345,041
Due from related party -- 1,826,626
Total Assets $ 36,899,533 $ 21,737,605
LIABILITIES AND STOCKHOLDERS'
EQUITY
Current Liabilities
Convertible debt, net of debt
discount $ 2,561,645
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