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Lotus Pharmaceuticals, Inc. Announces Fourth Quarter and Fiscal Year 2007 Results
Date:4/17/2008

are $ 0.27 $ 0.10

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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SOURCE Lotus Pharmaceuticals, Inc.
Copyright©2008 PR Newswire.
All rights reserved

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