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Dehaier Medical Announces Fourth Quarter and Full-Year 2010 Financial Results
Date:3/7/2011

915)-Income before provision for income taxes and non-controlling interest  5,411,1453,263,3531,785,638742,913Provision for income tax

(850,034)(531,461)(306,285)(121,299)Net income 4,561,1112,731,8921,479,353621,614Non-Controlling interest in income

(21,401)(57,921)(6,840)(19,419)Net income attributable to Dehaier Medical Systems Limited 4,539,7102,673,9711,472,513602,195Earnings per share-Basic

1.121.290.330.23-Diluted

1.090.890.320.20Weighted average number of common shares used in computation-Basic

4,043,8362,076,6084,500,0002,630,643-Diluted

4,153,4383,000,0004,657,5003,000,000DEHAIERMEDICAL SYSTEMS LIMITED AND AFFILIATECONSOLIDATED STATEMENTS OF CASH FLOWSFor the years ended

December 31,20102009US$US$Operating ActivitiesNet income4,561,1112,731,892Adjustments to reconcile net income to net cash provided by (used in) operating activitiesDepreciation and amortization365,336286,395Recovery of doubtful accounts(18,311)(45,588)(Recovery of) Provision for inventory obsolescence(5,756)52,989Change in fair value of warrants liability318,109-Gain on sale of equipment (3,894)-Provision for warranty reserve122,70920,690Changes in assets and liabilities: Increase in accounts receivable(2,202,475)(1,429,001)Decrease ( Increase ) in prepayments and other current assets(3,609,438)107,500   Increase in other receivables(1,665,312)(311,751)   Increase in inventories(4,042,481)(803,887)   Increase in tax receivable(2,156,547)(809,404)   (Decrease) Increase in accounts payable(64,452)19,450   (Decrease) Increase in advances from customers94,936(56,141)   (Decrease) Increase in accrued expenses and other current liabilities(5,811)85,573   Increase in tax payable3,334,3211,941,250Net cash provided by (used in ) operating activities(4,977,955)1,789,967Investing ActivitiesProceeds from sale of equipment10,342-Capital expenditures and other additions(887,
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SOURCE Dehaier Medical Systems Ltd.
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