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

375,023 336,412 Taxes payable 5,375,561 4,993,387 Warranty obligation 178,784 178,755 Due to officer -- 3,861 Total current liabilities 7,037,562 7,245,208 Commitments and contingency Shareholders' equity Common stock, $0.002731 par value, 18,307,038 shares authorized, 3,000,000 shares issued and outstanding 8,193 8,193 Additional paid-in capital 3,196,974 3,196,974 Retained earnings 5,818,953 5,298,742 Accumulated other comprehensive income 774,763 773,127 Total Dehaier Medical Systems Limited shareholders' equity 9,798,883 9,277,036 Non-controlling interest 1,276,361 1,262,389 Total shareholders' equity 11,075,244 10,539,425 Total liabilities and shareholders' equity 18,112,806 17,784,633 DEHAIER MEDICAL SYSTEMS LIMITED AND AFFILIATE CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) For the three months ended March 31, 2010 2009 US$ US$ Revenue $2,641,089 $2,524,284 Cost of revenues (1,666,718) (1,587,488) Gross profit 974,371 936,796 Service income 93,067 99,235 Service expense (
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