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

26) -- Share-based payments 512,209 -- Loss on disposal of fixed assets 39,502 -- Changes in current assets and current liabilities: Accounts receivable (1,492,362) (88,138) Inventory 126,979 (1,019,969) Other receivables 401,155 (339,566) Other current assets 18,750 152,822 Accounts payable and accrued expenses 183,242 (60,470) VAT taxes payable 16,025 (15,780) Income tax payable 19,054 16,489 Other taxes payable (433) (22,708) Other current liabilities 33,582 (29,277) Total adjustments 52,214 (1,287,198) Net cash provided by operating activities 2,241,462 503,795 Cash flows from investing activities: Additions to property and equipment (525,965) -- Additions to intangible assets - drug (1,891,269) (175,668) Loan receivable (293,220) -- Net cash used in investing activities (2,710,454) (175,668) Cash flows from financing activities: Additional paid-in capital 2,534,581 -- Noncontrolling interest 439,830 -- Payment of dividends (499,331) -- Net cash provided by financing activities 2,475,080 -- Effect of foreign currency translation on cash (5,435) 32,648 Net inc
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