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China Pharma Holdings, Inc. Reports Second Quarter 2014 Financial Results
Date:8/15/2014

- CHINA PHARMA HOLDINGS, INC.CONDENSED CONSOLIDATED BALANCE SHEETS(Unaudited)June 30,December 31,20142013ASSETSCurrent Assets:Cash and cash equivalents$
4,425,744
$
5,993,139
Banker's acceptances92,832336,003Trade accounts receivable, less allowance for doubtfulaccounts of $24,499,361 and $13,301,622, respectively35,904,93445,147,602Other receivables, less allowance for doubtfulaccounts of $60,083 and $43,064, respectively482,862175,739Advances to suppliers7,142,2907,626,716Inventory, less allowance for obsolescence of $7,968,701 and $8,027,126, respectively20,960,89424,677,120Total Current Assets69,009,55683,956,319Advances for purchases of intangible assets41,397,98441,701,505Property and equipment, net of accumulated depreciation of$5,628,507 and $5,264,350, respectively34,115,61830,241,337Intangible assets, net of accumulated amortization of$3,978,083 and $3,812,992, respectively1,506,4901,711,793TOTAL ASSETS$  146,029,648$  157,610,954LIABILITIES AND STOCKHOLDERS' EQUITYCurrent Liabilities:Trade accounts payable$
2,541,166
$
,877,437
Accrued expenses293,539'/>"/>
SOURCE China Pharma Holdings, Inc.
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