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China Jo-Jo Drugstores Announces Fiscal 2014 Second Quarter Financial Results
Date:11/14/2013

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.

Contact:China Jo-Jo Drugstores, Inc.
Ming Zhao, Chief Financial Officer
561-372-5555
frank.zhao@jojodrugstores.com  

See Accompanying Tables

CHINA JO-JO DRUGSTORES, INC AND SUBSIDIARIES

CONDENSED CONSOLIDATED BALANCE SHEETS

(UNAUDITED)September 30,March 31,20132013A S S E T SCURRENT ASSETSCash$

6,296,715$

4,524,094Trade accounts receivable, net12,691,63012,978,808Inventories12,167,6328,586,999Other receivables, net425,902157,849Advances to suppliers, net11,070,64915,523,034Restricted cash1,964,3132,162,837Other current assets2,140,8021,221,499Total current assets46,757,64345,155,120PROPERTY AND EQUIPMENT, net12,712,96313,288,652OTHER ASSETSLong term deposits4,184,3172,760,665Other noncurrent assets5,460,5005,431,326Intangible assets, net1,149,9811,202,258Total other assets10,794,7989,394,249Total assets$

70,265,404$

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$

163,000$

-Accounts payable, trade19,455,27913,780,211Notes payable6,547,7107,186,453Other payables1,429,9611,327,454Other payables - related parties2,104,7351,224,417Customer deposits1,989,9674,828,293Taxes payable379,981371,633Accrued liabilities242,843956,342Total current liabilities32,313,47629,674,803Purchase option derivative liability60,04315,609Total liabilities32,373,51929,690,412COMMITMENTS AND CONTINGENCIESSTOCKHOLDERS' EQUITYPreferred stock; $0.001 par value; 10,000,000
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SOURCE China Jo-Jo Drugstores, Inc.
Copyright©2012 PR Newswire.
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