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China Jo-Jo Drugstores, Inc. Reports Fiscal Year 2014 First Quarter Earnings Results and Schedules Conference Call for August 19, 2013
Date:8/16/2013

mparable terminology. Such statements typically involve risks and uncertainties and may include financial projections or information regarding the progress of new product development. Actual results could differ materially from the expectations reflected in such forward-looking statements as a result of a variety of factors, including the risks associated with the effect of changing economic conditions in The People's Republic of China, variations in cash flow, reliance on collaborative retail partners and on new product development, variations in new product development, risks associated with rapid technological change, and the potential of introduced or undetected flaws and defects in products, and other risk factors detailed in reports filed with the Securities and Exchange Commission from time to time.

See Accompanying TablesCHINA JO-JO DRUGSTORES, INC AND SUBSIDIARIESCONDENSED CONSOLIDATED BALANCE SHEETS(UNAUDITED)June 30,
2013March 31,
2013A S S E T SCURRENT ASSETSCash$

2,711,399$

4,524,094Notes receivable291,600-Trade accounts receivable, net11,912,33712,978,808Inventories9,127,2358,586,999Other receivables, net320,355157,849Advances to suppliers, net17,175,75015,523,034Restricted cash3,540,6852,162,837Other current assets2,027,4631,221,499Total current assets47,106,82445,155,120PROPERTY AND EQUIPMENT, net13,071,69813,288,652OTHER ASSETSLong term deposits2,805,6952,760,665Other noncurrent assets5,470,0955,431,326Intangible assets, net1,182,4331,202,258Total other assets9,458,2239,394,249Total assets$

69,636,745$

67,838,021L I A B I L I T I E S
A N D
S T O C K H O L D E R S'
E Q U I T YCURRENT LIABILITIESShort-term loan payable$

162,000$

-Accounts payable, trade15,374,92213,780,211Notes payable7,136,6837,186,453Other payables1,426,6311,327,454Other payables - related parties1,419,6501,224,417Customer deposits5,274,0874,828,293Taxes payable375,473371,633Accrued liabilities317,407956,34
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SOURCE China Jo-Jo Drugstores, Inc.
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