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China Medicine Announces Strong Third Quarter 2009 Results
Date:11/16/2009

091 Other receivable 1,760,400 -- Inventories 7,947,827 4,725,322 Advances to suppliers 8,392,320 6,121,974 Other current assets 237,336 192,080 Total current assets 35,670,256 33,657,192 EQUIPMENT, NET 6,498,621 3,761,637 OTHER ASSETS Long term prepayment 9,393,293 6,014,920 Intangible assets, net 1,482,225 1,247,567 Total other assets 10,875,518 7,262,487 Total assets $53,044,395 $44,681,316 LIABILITIES AND SHAREHOLDERS' EQUITY CURRENT LIABILITIES Short term Loan $2,934,000 $-- Accounts payable, trade 304,279 61,243 Other payables and accrued liabilities 29,159 50,559 Customer deposits 44,102 151,429 Taxes payable 249,360 772,289 Liquidated damages payable 44,003 44,003 Total current liabilities 3,604,903 1,079,523 Fair value of warrant liabilities 2,399,910 -- Total liabilities 6,004,813 1,079,523 Commitment and contingencies SHAREHOLDERS' EQUITY Preferred stock, $0.0001 par value; 10,000,000 shares authorized, no shares issued and outstanding -- -- Common stock, $0.0001 par value; 90,000,000 shares authorized, 15,320,139 and 15,226,742 shares issued and outstanding at
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SOURCE China Medicine Corporation
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