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China Pharma Holdings, Inc. Reports Full Year 2011 Financial Results
Date:3/15/2012

>

 

114,946Advances for purchases of intangible assets 

36,194,494

 

29,781,388Property and equipment, net of accumulated depreciation of 

 

 

 $3,391,124 and $3,436,182, respectively

 

6,334,817

 

6,372,487Intangible assets, net of accumulated amortization of 

 

 

 $3,041,804 and $2,342,081, respectively

 

3,082,671

 

3,547,763TOTAL ASSETS 

$  156,390,991

 

$  131,750,941 

 

 

 

 LIABILITIES AND STOCKHOLDERS' EQUITY 

 

 

 Current Liabilities: 

 

 

 Trade accounts payable

 

$
3,112,385

 

$
4,937,781Accrued expenses

 

184,017

 

98,206Accrued taxes payable

 

3,082,353

 

2,386,019Other payables

 

784,697

 

92,077Advances from customers

 

1,784,474

 

1,208,988Other payables - related parties

 

899,314

 

303,644Short-term notes payable

 

3,931,745

 

3,781,119Total Current Liabilities 

13,778,985

 

12,807,834Long-term deferred tax liability 

128,909

 

71,673Derivative warrant liability 

-

 

934,260Total Liabilities 

13,907,894

 

13,813,767Stockholders' Equity: 

 

 

 Preferred stock, $0.001 par value; 5,000,000 shares author
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SOURCE China Pharma Holdings, Inc.
Copyright©2010 PR Newswire.
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