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SOKO Fitness & Spa Group Reports Quarterly Earnings Growth Over Fiscal 2009 First Quarter
Date:10/15/2009

rent assets: Cash & cash equivalents $3,564,218.92 $1,907,640.50 Restricted cash -- 7,233 Accounts receivable, net 258,658 110,541 Inventories 1,416,436 1,391,302 Advances to suppliers 1,404,028 993,084 Employee advance 129,444 54,783 Prepaid expense 112,568 146,959 Total Current Assets 6,885,353 4,611,542 Property, plant and equipment, net of accumulated depreciation 25,076,229 19,674,394 Other Assets Security Deposit 140,957 47,853 Deferred Rent 773,693 589,188 Deposit to suppliers 1,464,150 1,464,530 Investment advance -- 399,750 Goodwill 2,792,278 2,525,778 Total Other Assets 5,171,078 5,027,099 Total Assets 37,132,660 29,313,035 LIABILITIES AND STOCKHOLDERS' EQUITY Current liabilities: Short-term loans 2,576,723 2,196,795 Accounts payable, accrued expenses and other payable 893,539 471,457 Unearned revenue 6,605,375 1,909,755 Taxes payable 363,674 360,229 Contingent Liability 200,000 200,000 Total Current Liabilities 10,639,311 5,138,236 Stockholders' Equity Preferred Stock, $.001 par value; 10,000,000 shares authorized; - 0 - shares is
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SOURCE SOKO Fitness & Spa Group, Inc.
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