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Jiangbo Pharmaceuticals Reports Results for Third Quarter of Fiscal Year 2010
Date:5/17/2010

1,925 Amortization of deferred debt issuance costs 670,984 510,227 Amortization of debt discount 11,409,936 2,679,526 Loss from issuance of shares in lieu of cash interest payment 318,936 -- Interest expense payment of shares in lieu of cash 4,457 -- Bad debt expense 446,257 368,840 Realized (gain) loss on marketable securities 406,346 (106,865) Unrealized (gain) loss on marketable securities (270,339) 1,255,522 Other non-cash settlement -- (20,000) Change in fair value of derivative liabilities (13,490,071) -- Stock-based compensation 155,104 43,340 Changes in operating assets and liabilities Accounts receivable (8,813,521) 2,353,566 Accounts receivable - related parties -- 488,646 Inventories (86,604) 205,471 Other receivables 154,654 63,170 Other receivables - related parties (241,956) (317,303) Advances to suppliers and other assets (273,373) 1,602,693 Accounts payable (3,926,015) 3,171,180 Customer deposit (1,026,480) 4,100,600 Other payables 725,041 194,283 Other payables - related parties 712,114 (58,580) Accrued liabilities
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SOURCE Jiangbo Pharmaceuticals, Inc.
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