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

911)$

(313,973)$

(886,015)WEIGHTED AVERAGE NUMBER OF SHARES:Basic13,609,00313,588,56913,609,00313,575,550Diluted13,609,00313,588,56913,609,00313,575,550LOSSES PER SHARES:Basic$

(0.04)$

(0.11)$

(0.10)$

(0.07)Diluted$

(0.04)$

(0.11)$

(0.10)$

(0.07) 

 

 

 

CHINA JO-JO DRUGSTORES, INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

(UNAUDITED)Six months ended

September 30,20132012CASH FLOWS FROM OPERATING ACTIVITIES:Net loss$

(1,334,085)$

(994,147)Adjustments to reconcile net (loss) income to net cash provided by (used in)operating activities:Depreciation and amortization1,140,5861,295,175Stock compensation58,80197,236Bad debt write-off and provision(747,930)834,772Goodwill Impairment-1,473,606Change in fair value of purchase option derivative liability8,384(25,747)Change in operating assets:Accounts receivable, trade972,975(11,009,813)Notes receivable-(928,801)Inventories(3,361,143)(1,887,064)Other receivables(262,493)(761,810)Advances to suppliers5,117,601(2,040,116)Other current assets(849,209)(779,191)Long term deposit-421,871Other noncurrent assets92,785251,938Change in operating liabilities:Accounts payable, trade5,323,3719,916,586Other payables and accrued liabilities(654,911)715,342Customer deposits(2,925,130)1,657,754Taxes payable(45)(242,908)Net cash provided by (used in) operating activities2,579,557(2,005,317)CASH FLOWS FROM INVESTING ACTIVITIES:Purchase of equipment(54,413)(234,151)Increase in long-term deposits for land use right(1,351,030)-Additions to leasehold improvements(26,619)(253,163)Payments on construction-in-progress(111,524)-Net cash used in investing activities(1,543,586)(487,314)CASH FLOWS FROM FINANCING ACTIVITIES:Proceeds from short-term bank loan161,770-Change in restricted cash245,50490,544Change in notes payable(795,002)2,328,686Change i
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SOURCE China Jo-Jo Drugstores, Inc.
Copyright©2012 PR Newswire.
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