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Dehaier Medical Announces Record Second Quarter 2011 Financial Results
Date:8/15/2011

mission. All such forward-looking statements, whether written or oral, and whether made by or on behalf of the company, are expressly qualified by the cautionary statements and any other cautionary statements which may accompany the forward-looking statements. In addition, the company disclaims any obligation to update any forward-looking statements to reflect events or circumstances after the date hereof.Contact UsIn the US:

Dehaier Medical Systems LimitedThe Piacente Group, Inc.

Rita LiuInvestor Relations

CFOBrandi Floberg or Lee Roth

+86-10-8844-5026+1-212-481-2050

liuz@dehaier.com.cn dehaier@tpg-ir.com In China:The Piacente Group, Inc. Investor RelationsWendy Sun+86-10-6590-7991dehaier@tpg-ir.com DEHAIERMEDICAL SYSTEMS LIMITED AND AFFILIATECONDENSED CONSOLIDATED BALANCE SHEETS(UNAUDITED)June 30,December 31, 20112010US$US$ASSETSCURRENT ASSETS:Cash and cash equivalents

3,008,0235,923,386Accounts receivable-less allowance for doubtful accounts of $89,437 and $87,555 at June 30, 2011 and December 31, 2010, respectively

12,563,3469,112,077Other receivables

3,161,6133,164,423Prepayment and other current assets

9,541,5845,300,825Inventories, net

6,278,0646,374,363Tax receivable

4,430,8613,518,919Total Current Assets 38,983,49133,393,993Property and equipment, net

3,404,6393,488,947Total Assets 42,388,13036,882,940LIABILITIES AND EQUITY CURRENT LIABILITIES:Short-term borrowings

1,547,1701,514,620Accounts payable  

1,183,20029,318Advances from customers

152,969269,189Accrued expenses and other current liabilities

340,103330,601Tax payable

10,350,5208,327,708Warranty obligation

307,943301,464Due to officer '/>"/>

SOURCE Dehaier Medical Systems Ltd.
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