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China Pharma Holdings, Inc. Reports Third Quarter 2013 Financial Results
Date:11/15/2013

ssets, net of accumulated amortization of$3,427,924 and $2,944,726, respectively2,073,4522,412,854TOTAL ASSETS$  162,487,228$  163,239,913LIABILITIES AND STOCKHOLDERS' EQUITYCurrent Liabilities:Trade accounts payable$
3,297,624$
2,841,862Accrued expenses277,161202,185Accrued taxes payable-2,426,826Other payables1,047,2691,094,886Advances from customers2,089,5011,945,984Other payables - related parties1,354,5671,354,567Short-term notes payable4,888,8604,761,073Total Current Liabilities12,954,98214,627,383Non-current Liabilities:Construction loan facility6,518,480-Long-term deferred tax liability156,38495,963Total Liabilities19,629,84614,723,346Stockholders' Equity:Preferred stock, $0.001 par value; 5,000,000 shares authorized;no shares issued or outstanding--Common stock, $0.001 par value; 95,000,000 shares authorized;43,579,557 shares and 43,579,557 shares outstanding, respectively43,58043,580Additional paid-in capital23,590,20423,590,204Retained earnings99,326,162108,904,325Accumulated other comprehensive income19,897,43615,978,458Total Stockholders' Equity142,857,382148,516,567TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY$  162,487,228$  163,239,913CHINA PHARMA HOLDINGS, INC.CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONSAND COMPREHENSIVE INCOME(Unaudited)For the Three MonthsFor the Nine MonthsEnded September 30,Ended September 30,2013201220132012Revenue$
8,116,599$
2,176,344$
24,392,311$
42,861,478Cost of revenue5,863,5878,932,55217,837,98930,174,983Inventory obsolescence15,747-3,735,820-Gross profit2,237,2653,243,7922,818,50212,686,495Operating expenses:Selling expenses921,851856,1722,435,5922,632,177General and administrative expenses725,167598,2582,921,0942,087,401Bad debt expense3,277,780171,5087,910,583724,745Total operating expenses4,924,7981,625,93813,267,2695,444,323(Loss) income from operations(2,687,533)1,617,854(10,448,767)7,242,172Other income (expense):Interest income2,2281,5884,8303,069Interest expense(89,238)(79,5
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SOURCE China Pharma Holdings, Inc.
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