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

ss (gain) on marketable securities 406,551 (115,128) Unrealized (gain) loss on marketable securities (265,747) 1,459,656 Other non-cash settlement -- (20,000) Change in fair value of derivative liabilities (1,865,992) -- Stock-based compensation 135,104 38,028 Changes in operating assets and liabilities Accounts receivable (1,062,126) (1,764,421) Accounts receivable - related parties -- 488,580 Inventories (653,303) (1,049,318) Other receivables 161,727 (2,175,378) Other receivables - related parties (161,304) (236,724) Advances to suppliers and other assets (235,033) 1,608,131 Accounts payable (3,277,854) 569,601 Other payables 187,153 1,815,563 Other payables - related parties 93,588 66,028 Accrued liabilities (299,688) 153,587 Liabilities assumed from reorganization (79,150) (903,600) Taxes payable (7,651,766) 13,821,621 Net cash provided by operating activities 3,190,415 26,414,211 CASH FLOWS FROM INVESTING ACTIVITIES: Proceeds from sale of marketable securities 531,333 117,614 Purchase of equipment and building improvements (76,707) (128,179) Purchase of land use right (16,975,633) -- Net cash used in investing activities (16,521,007) (10,565) CASH FLOWS FROM FINA
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SOURCE Jiangbo Pharmaceuticals, Inc.
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