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Dehaier Medical Systems Announces First Quarter Net Income Up 54%
Date:5/14/2010

Julie Marshall or Frank Hawkins Tel: +1-305-451-1888 Email: dehaier@hawkassociates.com DEHAIER MEDICAL SYSTEMS LIMITED AND AFFILIATE CONDENSED CONSOLIDATED BALANCE SHEETS March 31, December 31, 2010 2009 US$ US$ (unaudited) ASSETS CURRENT ASSETS: Cash and cash equivalents 1,222,933 1,151,721 Accounts receivable, less allowance for doubtful accounts of $ 102,956 and $ 102,939 7,138,891 6,891,291 Other receivables 1,624,819 1,499,111 Prepaid expenses and other current assets 1,392,455 1,691,387 Inventory, net 2,404,842 2,326,126 Total current assets 13,783,940 13,559,636 Property and equipment, net 2,781,904 2,862,625 Tax receivable 1,546,962 1,362,372 Total assets 18,112,806 17,784,633 LIABILITIES AND SHAREHOLDERS' EQUITY CURRENT LIABILITIES: Short-term borrowings 879,006 1,464,770 Accounts payable 64,233 93,770 Advances from customers 164,955 174,253 Accrued expenses and other current liabilities
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