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Biostar Pharmaceuticals, Inc. Announces Record Third Quarter 2009 Financial Results
Date:11/12/2009

7,147,701 7,365,765 Total Assets $37,073,864 $28,997,639 LIABILITIES AND STOCKHOLDERS' EQUITY Current Liabilities Accounts payable and accrued expenses $2,446,257 $2,191,976 Customer and other deposits 105,066 2,592,250 Value-added tax payable 1,000,837 527,103 Income tax payable 988,791 413,205 Total Current Liabilities 4,540,951 5,724,534 Commitment Stockholders' Equity Series A, convertible preferred stock, $0.001 par value, 5,000,000 shares authorized, None issued and outstanding -- -- Undesignated preferred stock, $.001 par value, 5,000,000 shares authorized, None issued and outstanding -- -- Common stock, $.001 par value, 100,000,000 shares authorized, 23,240,899 shares issued and outstanding at September 30, 2009 and December 31, 2008 23,241 23,241 Additional paid-in capital 10,430,168 10,430,168 Statutory reserves 2,487,480 1,585,383 Retained earnings 18,904,913 10,996,655 Accumulated other comprehensive income 687,111 237,658 Total Stockholders' Equity 32,532,913 23,273,105 Total Liabilities and Stockholders' Equity $37,073,864 $28,997,639 BIOSTAR PHARMACEUTICALS, INC. CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) Three Months Ended Nine Months Ended September 30, September 30, 2009 2008
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