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Tianyin Pharmaceutical co., Inc. Announces Record First Quarter 2010 Financial Results
Date:11/13/2009

2009 2009 (Unaudited) Assets Current assets: Cash and cash equivalents $14,352,876 $12,352,223 Accounts receivable, net of allowance for doubtful accounts of $172,182 and $171,947 at September 30, 2009 and June 30, 2009, respectively 7,121,470 5,620,519 Inventory 3,686,431 3,808,289 Advance payments 764,307 1,188,115 Loan receivable 293,400 -- Other receivables 201,321 601,912 Other current assets 62,560 81,277 Total current assets 26,482,365 23,652,335 Property and equipment, net 10,014,096 9,642,526 Intangibles, net 14,302,974 12,037,483 Total assets $50,799,435 $45,332,344 Liabilities Current liabilities: Accounts payable and accrued expenses $1,577,677 $1,392,639 Short-term bank loans 1,400,985 1,399,075 VAT taxes payable 475,592 458,930 Income taxes payable 510,250 490,514 Other taxes payable 11,473 11,890 Dividends payable 233,683 325,417 Other current liabilities 341,957 307,934 Total current liabilities 4,551,617 4,386,399 Total liabilities 4,551,617 4,386,399 Equity Stockholders' equity: Common stock, $0.001 par value, 50,000,000
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SOURCE Tianyin Pharmaceutical Co., Inc.
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