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

shares authorized, 23,520,057 and 17,908,912 shares issued and outstanding at September 30, 2009 and June 30, 2009, respectively 23,520 17,909 Series A convertible preferred stock, $0.001 par value, 2,655,250 and 7,146,500 shares issued and outstanding at September 30, 2009 and June 30, 2009, respectively 2,655 7,147 Additional paid-in capital 22,740,187 19,694,514 Statutory reserve 2,299,807 2,299,807 Treasury stock (111,587) (111,587) Retained earnings 18,268,426 16,486,775 Accumulated other comprehensive income 2,587,237 2,551,380 Total stockholders' equity 45,810,245 40,945,945 Noncontrolling interest 437,573 -- Total equity 46,247,818 40,945,945 Total liabilities and equity $50,799,435 $45,332,344 Consolidated Statements of Operations and Comprehensive Income (Unaudited) For the Three Months Ended September 30, 2009 2008 Sales $13,405,203 $9,561,940 Cost of sales 6,349,227 4,682,624 Gross profit 7,055,976 4,879,316 Operating expenses: Selling, general and administrative 4,117,766 2,633,361 Research and development 192,490 82,638 Total operating expenses 4,310,256 2,715,999 Income from operations
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