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China Yongxin Pharmaceuticals, Inc. Announces Results for the Third Quarter Ended September 30, 2009
Date:12/10/2009

LIABILITIES AND STOCKHOLDERS' EQUITY Current Liabilities: Accounts payable $4,923,000 $3,255,148 Accrued expenses & other payable 4,496,232 2,412,067 Advances from customers 2,901,552 2,580,894 Tax payable 2,183,714 1,240,411 Loans to related parties 184,662 184,662 Short-term loans payable 1,439,578 1,967,185 Deferred income 305,340 273,753 Shares to be issued 47,000 35,000 Net liabilities of discontinued operations 628,837 628,837 Total Current Liabilities 17,109,915 12,577,957 Long term loan 1,320,300 1,320,390 Commitments and Contingency -- -- Stockholders' Equity: Preferred stock, $0.001 par value; 5,000,000 shares authorized; 5,000,000 shares issued and outstanding 5,000 5,000 Common stock; $0.001 par value; 75,000,000 shares authorized; 32,110,540 shares issued and outstanding as of September 30, 2009 and 31,400,540 shares issued and outstanding as of December 31, 2008 32,111 31,401 Additional paid in capital 719,536 615,906 Deferred consulting expense - issuance of warrants (11,850) (72,815) Prepaid consulting - issuance of shares (12,500) (68,750) Receivable from a related party (50,000) (50,000) Statutory reserve 2,170,805 1,841,241 Other comprehensive income 1,685,247 1,684,649 Retained earnings 1
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SOURCE China Yongxin Pharmaceuticals, Inc.
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