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Jiangbo Pharmaceuticals Reports Results for the Second Quarter of its Fiscal Year 2010
Date:2/22/2010

4,173,463 DILUTED EARNINGS (LOSS) PER SHARE $(1.06) $(1.87) $(0.89) $(1.61) JIANGBO PHARMACEUTICALS, INC. AND SUBSIDIARIES (FORMERLY KNOWN AS GENESIS PHARMACEUTICAL ENTERPRISES, INC.) CONSOLIDATED BALANCE SHEETS AS OF DECEMBER 31, 2009 AND JUNE 30, 2009 December 31, June 30, 2009 2009 (Unaudited) ASSETS CURRENT ASSETS: Cash and cash equivalents $88,971,243 $104,366,117 Restricted cash 14,545,305 7,325,000 Investments 42,599 879,228 Accounts receivable, net of allowance for doubtful accounts of $1,276,843 and $694,370 as of December 31, 2009 and June 30, 2009, respectively 19,729,985 19,222,707 Inventories 3,935,239 3,277,194 Other receivables 4,447 167,012 Other receivable - related parties 161,370 -- Advances to suppliers 472,939 236,496 Financing costs - current 632,637 680,303 Total current assets 128,495,764 136,154,057 PLANT AND EQUIPMENT, net 13,661,593 13,957,397 OTHER ASSETS: Restricted investments 129,306 1,033,463 Financing costs, net 131,278 556,365 Intangible assets, net 33,243,462 17,041,181 Total other assets 33,504,046 18,631,009 Total assets $17
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SOURCE Jiangbo Pharmaceuticals, Inc.
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