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Tianyin Reports Record First Quarter Fiscal Year 2011 Financial Results
Date:11/10/2010

,877

8,185,240and $421,079 at September 30, 2010 and June 30, 2010, respectivelyInventory

5,218,254

3,588,824Advance payments

389,220

382,980Loans receivable

299,400

294,600Other current assets

172,189

77,283Total current assets42,140,14339,537,993Property and equipment, net17,023,43314,968,822Intangibles, net15,297,91115,232,286Total assets$74,461,487

$69,739,101Liabilities Current liabilities:Accounts payable and accrued expenses

$  1,523,622

$  1,715,781Accounts payable – construction related

1,131,717

2,248,849Short-term bank loans

1,497,000

1,473,000VAT taxes payable

583,630

658,312Income taxes payable

916,459

861,614Other taxes payable

59,801

19,564Dividends payable

54,857

72,995Other current liabilities

597,665

429,135Total current liabilities6,364,7517,479,250Total liabilities6,364,7517,479,250EquityStockholders' equity:Common stock, $0.001 par value, 50,000,000 shares authorized,

27,986

27,37227,986,026 and 27,371,526 shares issued and outstanding atSeptember 30, 2010 and June 30, 2010, respectivelySeries A convertible preferred stock, $0.001 par value 1,360,250 shares

1,360

1,360issued and outstanding at September 30, 2010 and June 30, 2010,RespectivelyAdditional paid-in capital

30,891,906

29,623,350Statutory reserve

3,732,883

3,732,883Treasury stock

(111,587)

(111,587)Retained earnings

29,310,447

25,687,770Accumulated other comprehensive income

3,797,958

2,845,076Total stockholders' equity67,650,95361,806,224Noncontrolling interest445,783453,627Total equity68,096,73662,259,851Tot
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SOURCE Tianyin Pharmaceutical Co., Inc.
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