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Dehaier Medical Announces 2011 Fourth Quarter and Year End Financial Results
Date:3/19/2012

0;

14,470

 

(5,811)(Decrease) Increase in tax payable

 

(6,285,660)

 

3,334,321Net cash used in operating activities 

(3,161,752)

 

(4,977,955) 

 

 

 

 Cash flows from investing activities 

 

 

 Proceeds from sale of equipment

 

-

 

10,342Capital expenditures and other additions

 

(153,061)

 

(887,541)Advances to related parties

 

(2,358)

 

(1,503)Net cash used in investing activities 

(155,419)

 

(878,702) 

 

 

 

 Cash flows from financing activities 

 

 

 Proceeds from bank loan

 

1,542,680

 

-Repayment of bank loan

 

(1,533,604)

 

-Net proceeds from issuance of common stock

 

-

 

9,944,207Net cash provided by financing activities 

9,076

 

9,944,207 

 

 

 

 Effect of exchange rate fluctuations on cash and cash equivalents

 

1,079,195

 

684,115 

 

 

 

 Net increase (decrease) in cash and cash equivalents 

(2,228,900)

 

4,771,665 

 

 

 

 Cash and cash equivalents at beginning of year

 

5,923,386

 

1,151,721 

 

 

 

 Cash and cash eq
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SOURCE Dehaier Medical Systems Ltd.
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